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Industrial Power Supply Units Market Share

Report ID: GMI12081
Published Date: Oct 2024
Report Format: PDF

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Industrial Power Supply Units Market Share

In 2023, key companies like Weidmuller Interface, XP Power, Emerson, Murata Manufacturing and TDK Corporation held a combined market share of 14%-16%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop advanced power solutions that align with the industry's evolving demands, especially emphasizing sustainability and smart technologies. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Industrial Power Supply Units Market Companies

Major players operating in the industrial power supply unit’s industry are:

ABB
Assa Abloy
Berger Stromversorgungen
Camtec Power Supplies
Delta Electronics
Emerson
Gebruder Frei
Mean Well
Murata Manufacturing
Murrelektronik
Schneider Electric
Siemens
TDK Corporation
Weidmuller Interface
XP Power

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for industrial power supply units was reached USD 15.9 billion in 2023 and is estimated to grow at a 5.2% CAGR from 2024 to 2032, driven by the increasing adoption of automation in manufacturing and industrial processes.

The switch mode power units segment was valued at over USD 5.9 billion in 2023 and is expected to grow at a 5.6% CAGR from 2024 to 2032, due to the rising prevalence of smart grids and the need for adaptive power supplies.

The three-phase segment held around 53% share of the industrial power supply units market in 2023 and is anticipated to grow at a 5.4% CAGR from 2024 to 2032, as it is ideal for handling heavier loads in large machinery.

The U.S. industrial power supply units market surpassed USD 3.7 billion in 2023 and is estimated to grow at a 5.2% CAGR from 2024 to 2032, propelled by the surge in manufacturing automation, expansion of cloud computing, and rising adoption of electric vehicles.

Key players in the industrial power supply units market include ABB, Assa Abloy, Berger Stromversorgungen, Camtec Power Supplies, Delta Electronics, Emerson, Gebruder Frei, Mean Well, Murata Manufacturing, Murrelektronik, Schneider Electric, Siemens, TDK Corporation, Weidmuller Interface, and XP Power.