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According to the latest report from Markets and Research, the global power supply market will grow from $22.
5 billion in 2018 to $34.
92 billion in 2023, with a CAGR of 6.
7%
during the period.
The global power supply market will reach $22.
5 billion in 2018
Home and building automation systems, emerging telecommunications segments, and increasing demand for energy-efficient equipment/appliance services are the key factors
driving the growth of the power supply market.
In 2018, low-output power supplies will maintain the largest market share
.
This can be attributed to the increasing use of AC-DC power supplies with low output power
in lighting, telecommunications, and consumer electronics.
In addition, various industrial applications such as home and building automation systems also make electricity consumption more efficient
.
Thus, the low output power supply market will grow
due to the increasing demand for energy-saving devices/appliances and advancements in telecommunications and medical fields.
AC-DC power supplies will grow at the highest CAGR during the forecast period due to its widespread use in industrial, medical, and healthcare applications
.
There are many types of AC-DC power supplies, with output voltages ranging from 1 volt to thousands of volts and output power ranging from 1 watt to several kilowatts
.
Various types of products are mainly used in lighting, industrial and consumer electronics
.
The power supply market in Asia Pacific will grow
at the highest CAGR during the forecast period due to the growing demand for consumer devices such as portable healthcare electronics and white goods.
Increasing digitalization and automation in various fields is likely to create demand
for power supply in the Asia-Pacific region.
The major players operating in the global power supply market include Mean Well switching power supplies (Taiwan), TDK Lambda (Japan), Siemens (Germany), General Electric (USA), XP Power (US), Murata Power Solutions (Japan), Artesyn (US), Phoenix Contact (Germany), Delta Electronics (Taiwan), Cosel (Japan), PULS (Germany), CUI (USA), Acbel Polytech (Taiwan), Salcom (Finland), LITE-ON Power System Solutions (US), FSP (Taiwan), Power Innovation (Germany), MTM Power (Germany) and Power Systems & Controls (US).
，
According to the latest report from Markets and Research, the global power supply market will grow from $22.
5 billion in 2018 to $34.
92 billion in 2023, with a CAGR of 6.
7%
during the period.
The global power supply market will reach $22.
5 billion in 2018
5 billion in 2018
Home and building automation systems, emerging telecommunications segments, and increasing demand for energy-efficient equipment/appliance services are the key factors
driving the growth of the power supply market.
In 2018, low-output power supplies will maintain the largest market share
.
This can be attributed to the increasing use of AC-DC power supplies with low output power
in lighting, telecommunications, and consumer electronics.
In addition, various industrial applications such as home and building automation systems also make electricity consumption more efficient
.
Thus, the low output power supply market will grow
due to the increasing demand for energy-saving devices/appliances and advancements in telecommunications and medical fields.
AC-DC power supplies will grow at the highest CAGR during the forecast period due to its widespread use in industrial, medical, and healthcare applications
.
There are many types of AC-DC power supplies, with output voltages ranging from 1 volt to thousands of volts and output power ranging from 1 watt to several kilowatts
.
Various types of products are mainly used in lighting, industrial and consumer electronics
.
The power supply market in Asia Pacific will grow
at the highest CAGR during the forecast period due to the growing demand for consumer devices such as portable healthcare electronics and white goods.
Increasing digitalization and automation in various fields is likely to create demand
for power supply in the Asia-Pacific region.
The major players operating in the global power supply market include Mean Well switching power supplies (Taiwan), TDK Lambda (Japan), Siemens (Germany), General Electric (USA), XP Power (US), Murata Power Solutions (Japan), Artesyn (US), Phoenix Contact (Germany), Delta Electronics (Taiwan), Cosel (Japan), PULS (Germany), CUI (USA), Acbel Polytech (Taiwan), Salcom (Finland), LITE-ON Power System Solutions (US), FSP (Taiwan), Power Innovation (Germany), MTM Power (Germany) and Power Systems & Controls (US).
，
