Report Code: A07828 | Pages: NA | ||
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An industrial power supply is an electrical device that supplies electric power to an electric load. The main function of industrial power supply devices is to convert electric current from a source to the correct voltage, frequency, and current to power the load. A variety of power sources are required to operate industrial machinery. It further provides high stability and safety protections in the automated production process on industries. Industrial power supply systems enable high generation of electricity with high voltage and electric load. The industrial power supply is used as medical lighting, security lighting, street lighting, refrigerator lightings, and for other purposes. Energy and power supply is required in almost every sector, thus, the industrial power supply market is likely witness significant growth during the forecast period.Â
Rapid urbanization leads to a rise in demand for residential areas and buildings, which acts as a key factor driving the growth of the industrial power supply market. In addition, rise in concern regarding environmental protections encourage the use of energy-efficient power supplies globally. Moreover, industries such as telecommunications and aerospace are based on power supply, thus augmenting the growth of the power supply market. The AC-DC segment of the market is anticipated to garner major share, as it is more suitable for consumer devices, medical devices, and defense applications. Furthermore, the demand for LED lights in the street and industrial lighting sectors is increasing rapidly. However, the imbalance in the demand and supply for the industrial power supply will be the major restraint of the market.
Key benefits of the report
Industrial Power Supply Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights
Aspects | Details |
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By Product |
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By Application |
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By End User |
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By Region |
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Key Market Players | Siemens, Murata Power Solutions, Delta Electronics, TDK Lambda, XP Power |
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