Power Supply Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Frame Type (Open Frame, Enclosed Frame), By Output (Single Output, Multiple Output), By Type (DIN Rail Mount, Wall Mount, PCB Mount, Panel Mount), And By Geography - Forecasts From 2023 To 2028

The power supply market is expected to grow at a CAGR of 4.81% from an initial value of US$10.238 billion in 2021 to US$14.228 billion in 2028.

The Power Supply Market is a rapidly growing industry that encompasses the production and distribution of electrical power supplies for a wide range of devices and systems.

Drivers:

One of the primary drivers of the power supply market is the increasing demand for electronic devices.

The rapid growth of technology has led to an upsurge in demand for power supplies that can convert and regulate electrical energy to a level that is safe for use in different electronic devices and systems. the trend towards miniaturization is driving growth in the power supply market. As devices become smaller and more compact, there is a need for power supplies that can fit into these devices. This has led to the development of smaller and more efficient power supplies that can support the latest electronic devices. For example, in the mobile device market, power supplies are being developed that can fit into the ever-shrinking form factors of smartphones and tablets.

Another key factor contributing to the growth of the power supply market is the ongoing process of industrialization and urbanization across the world. This trend has resulted in an increasing demand for electricity, which has in turn driven the growth of the power supply market. Furthermore, the adoption of renewable energy sources such as wind turbines and solar panels has led to an increased demand for power supplies that can support these systems. This trend is expected to continue as the world moves towards more sustainable and cleaner sources of energy. Government regulations and standards aimed at promoting energy conservation and efficiency are also driving growth in the power supply market. These regulations require the use of energy-efficient power supplies in different applications, which results in a higher demand for such products.

Key Developments

• G-Pulse, a provider of automotive ECU solutions and mobility services formed a productive collaboration with Silicon Mobility in April 2022.  the partnership was formed to create a high-voltage multiphase DC-DC converter for the market's impending new energy cars. BEV, HEV, FCEV, and PHEV compatibility is required for the high-voltage DC-DC converter.
• In November 2022, Advanced Energy Industries, Inc., a leader in highly designed, precise power conversion, measurement, and control systems launched the first completely integrated capacitor charger and multiple output power supply called ExcelsysTM FC1500. The FC1500 provides continuous charge power and does away with the requirement for several power supplies in the medical laser and Intense Pulsed Light therapy equipment.

The rising application of multiple output power supply in various industry verticals such as automotive along with growing demand from OEMs is driving the growth.

The global power supply market is segmented into a single output power supply and multiple output power supply, based on the output. The automotive industry is one of the key deployers of multiple output power supply. Multiple output power supplies are electrical devices that supply multiple output voltages required by different integrated circuits. They are designed for Original Equipment Manufacturers and are available in Open Frame or Enclosed / Vented case configurations with twin, triple, or more outputs. They are cost-effective and also supplies noise-sensitive application. Recently these types of power supplies are witnessing an increasing application of electric vehicle driver circuits. Electric car drive circuits require a wide range of isolation voltages. To convert high-voltage vehicle battery power, a multiple-output power supply unit is required in the driver circuit design. In addition, the noise-sensitive application of multiple-output power supplies makes them popular among electric vehicle OEMs.

As electronic devices continue to become smaller and more compact, the PCB mount power supplies with smaller form factors and higher power densities are increasing.

The global power supply market is segmented into din rail mount, wall mount, PCB mount and panel mount, based on mount type. A printed circuit board (PCB) mount power supply is an electronic device that converts high-voltage AC power from a wall outlet or other power source into lower-voltage DC power that can be used to power electronic devices. These power supplies are mounted directly onto a PCB, eliminating the need for separate power supply components and reducing overall system size and cost. PCB mount power supplies are commonly used in a wide range of electronic devices, including computers, telecommunication equipment, medical devices, and industrial automation equipment. They are designed to provide reliable, efficient power conversion with low standby power consumption.

Market Segmentation:

• By Frame Type
  • Open Frame
  • Enclosed Frame
• By Output
  • Single Output
  • Multiple outputs
• By Type
  • Din Rail Mount
  • Wall Mount
  • PCB Mount
  • Panel Mount
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others