Industrial Power Supply Market Report 2023 | Insights, Analysis, And Forecast 2032

Industrial Power Supply Market Definition

Industrial power supply refers to the components that transform electrical power into different forms and magnitudes, as well as an electrical device that is used to supply power to industrial equipment.

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Industrial Power Supply Market Characteristics:

The global industrial power supply market size is expected to grow from $8.07 billion in 2022 to $8.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The industrial power supply market size is expected to grow to $11.14 billion in 2027 at a CAGR of 6.4%.

Key Market Drivers And Trends

Drivers Trends

The adoption of electric vehicles is expected to propel the growth of the industrial power supply market

Technological advancements have emerged as a key trend gaining popularity in the industrial power supply market.

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Industrial Power Supply Global Market Segments:

The report covers the industrial power supply market’s segments-

By Product Type

By Output Power

AC-DC Converters, DC-DC Converters

Very Low Output (up to 500 W), Low Output (500-1, 000 W), Medium Output (1, 000 W-10 kW), High Output (10-75 kW), Very High Output (75-150 kW)

Transportation, Semiconductor, Military And Aerospace, Robotics, Test And Measurement

By Vertical Type

Major companies in the market include

Key Market Players

TDK Lambda

Siemens Click

Delta Electronics

ABB Ltd

Murata Power Solutions

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