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Industrial Power Supply Units Market Trends

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

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Industrial Power Supply Units Market Trends

The industrial power supply unit industry is rapidly evolving, driven by technological advancements, market demands, and regulatory changes. A notable trend in uninterruptible power supplies (UPS) is the shift from traditional silicon-based IGBTs to silicon carbide (SiC) semiconductors in UPS manufacturing. SiC components offer superior efficiency due to their lower electrical resistance, leading to reduced energy losses. They generate less heat, minimizing cooling requirements, provide increased power density, and can operate at higher ambient temperatures.

Additionally, switch-mode power supplies (SMPS) are transforming energy consumption by swiftly toggling on and off to regulate power flow. This mechanism not only conserves energy but also curtails heat generation. Their rising popularity can be attributed to their high efficiency and compact size, making them suitable for a wide range of applications, from consumer electronics to industrial machinery.

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.