DC Power Supplies Market Outlook 2031:
The global DC power supplies market size was valued at USD 394.25 Million in 2022 and is projected to reach USD 575.88 Million by 2031, expanding at a CAGR of 4.3% during the forecast period 2023 - 2031. The growth of the market is attributed to the rapid industrialization in emerging economies, improvement of economic conditions, and living standards of a large group population along with the growth in demand for industrial automation and consumable products.
A DC power supply is a type of power supply that gives direct current (DC) voltage to power a device. Direct current power supplies refer to a circuit that provides a constant and stable power supply to electronic modules. They are commonly available in two forms, linear power supplies and switching. The switching variants offer higher power efficiency, are compact and light in weight, and can be used for devices with high, medium, and low power output.
The linear variants use transformers to drop the voltage to alternating current (AC) and then convert it into DC voltage. DC power supplies offer numerous benefits, such as repeatable power on and off with minimal input-related problems, eliminating the need for external meters, relays, switching calibration, and shunts.
The DC power intake energy from one input and gives it to another power output. Input can refer to generators, batteries, solar power converters, fuel cells, and others. The output and input are hardwired circuit connections, but there are some power supplies that use wireless energy transfer to power the loads without the use of wired connections.
DC power supplies are highly used for testing various electronic devices such as medical & healthcare, consumer electronics, wireless communication & infrastructure, automotive, defense, and others.
DC Power Supplies Market COVID-19 Impact
The COVID-19 pandemic has negatively affected various industries. The shutdown of non-essential activities resulted in an economic slowdown and negatively impacted many sectors, including the global DC power supplies market.
The market players were suffering from substantial losses and were disrupted in supplying various support devices and electric appliances as most of the industries using DC-regulated power supply were shut down, due to the non-availability of sufficient demand from the global market. Hence, it hindered the growth of the DC power supplies market indirectly across the globe.
DC Power Supplies Market Dynamics
The report presents a complete market overview, and market dynamics by focusing on the current market trends, existing drivers, growth opportunities, and emerging challenges that shape the outcome or overall performance of the market during the forecast period, 2022 to 2030.
Major Drivers: Growing demand for energy-efficient electronic equipment
The research report finds that the growing demand for energy-efficient electronic equipment is expected to boost the sales of the DC power supplies market. Moreover, the rising demand for AC to DC converters for households has significantly increased, due to the rise in devices that require direct current for charging or running.
The office electronic and conventional domestic appliances need alternating current within a voltage value of 120 volts, thus the 12v adapters are essential. The adaptors supplying 12-volt power supply and within its adjacent ranges are expected to be the interesting product for the DC power supplies market. Availability of electricity supply is a basic requirement that is of growing importance to various national and international enterprises.
The economic situation and living standards of a sizable portion of the population, have recently improved with the rise in demand for domestic consumable goods.
Current Restraints: Lack of authorization and availability of low-quality products
The lack of authorization and availability of low-quality products in the region is anticipated to hamper the market growth during the forecast period. The logos and forged trademarks used by local manufacturers producing AC DC power supply adapters are provided at lower prices incurring a huge loss to the global DC power supplies market.
The increasing volume of e-waste garbage across the globe is a major concern nowadays. Authorities of many countries have started formulating stringent regulations for the management of discarded electronic appliances and gadgets in compliance with international norms. Regulations on isolated DC converter manufacturers to curb the amount of electronic waste generated by specific companies are projected to hinder market growth.
Market Opportunities: Increasing technological advancements in several industries
New product launches that require power up to 400 W and technological advancements in multiple industries such as automotive electronics, medical devices, consumer goods, industrial applications, and power tools are projected to create lucrative opportunities for the market players. Moreover, the growing renewable energy sector is anticipated to create a huge demand for analyzers in the global market.
Automation of production units needs programable power supply units through VFD devices. Improving living standards in lower income groups is anticipated to propel the market growth.
Scope of the DC Power Supplies Market Report
The report on the DC power supplies market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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DC Power Supplies Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (AC-DC and DC-DC), Output Powers (Up to 10 kW,10–100 kW, & 100-250 kW), and Applications (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication & Infrastructure, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Keysight Technologies; AMETEK; Magna Power; Chroma ATE; Good Will Instrument; B&K Precision; TDK Lambda; Murata Power solutions; Mean Well; Artesyn Embedded Power; Acopian; Rohde & Schwarz; and Others.
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DC Power Supplies Market Segment Insights
AC-DC converters segment to expand at a considerable CAGR
In terms of types, the dc power supply market is segregated into AC-DC and DC-DC. The AC-DC converters segment is to expand at a considerable CAGR, due to the increase in devices that requires direct current for charging and running.
Office electronics and domestic appliances require alternating current within a voltage value of 120 volts. The adapters supplying a 12-volt power supply and within its adjacent ranges are expected to be the most demanding product for the global DC power supplies market.
100-250 kW segment to hold a significant share of the market
Based on Output Powers, the dc power supply market is divided into Up to 10 kW, 10–100 kW, and 100-250 kW. 100-250 kW is expected to hold a significant share of the market in the coming years, owing to its increasing demand for industrial appliances. The high output power supplies are mainly used for semiconductor fabrications, automotive test equipment, energy storage, aerospace & military, and others.
The low output power segment with a capacity of Up to 10 kW is projected to gain momentum during the forecast period, as it is majorly used in home appliances and occupies a large portion of the market by volume.
Automotive segment is expected to expand at a substantial CAGR
On the basis of the application, the DC power supply market is segmented into aerospace, defense & government services, automotive, energy, wireless communication & infrastructure, and others.
The automotive segment is expected to expand at a substantial CAGR, owing to some well-performed employing applications such as fuel cell testing, power battery testing, DC-DC converter testing, high-power battery testing, and AC/DC charging stations on-board chargers & charging interface testing are fueling the DC power supplies market across the globe.
The industrial segment is anticipated to expand at a rapid pace during the forecast period, due to large production units which operate on electricity around the world.
North America is expected to constitute a key market share
In terms of regions, the DC power supplies market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute the key market share during the forecast period, due to the growing aerospace & defense sector in the region.
The rising wireless communication & infrastructure segments are likely to boost the demand for the DC power supplies market in the North America region. However, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years, owing to the changing living standards in lower-income groups of rural areas.
Segments
The DC power supplies market has been segmented on the basis of
Types
Output Powers
- Up to 10 kW
- 10–100 kW
- 100-250 kW
Applications
- Aerospace
- Defense & Government Services
- Automotive
- Energy
- Wireless Communication & Infrastructure
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global frozen yogurt market are Keysight Technologies; AMETEK; Magna Power; Murata Power solutions; Chroma ATE; Good Will Instrument; B&K Precision; TDK Lambda; Mean Well; Artesyn Embedded Power; Acopian; Rohde & Schwarz; and Others.
Some of these players have adopted a series of business development strategies including merger and acquisition, entering into partnerships and collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
- In January 2022, Magna Power launched an e-commerce platform for custom product configurations and this platform helps in integrating the specification as per the requirement of customers.
- In February 2020, Murata Power solutions expanded its production of D1U54 series by introducing 2000 W rated D1U54-x-2000 to 12 AC-DC power supplies and DC-DC power supplies.
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