Global DC Power Supplies Market will reach at a CAGR of 4.3% from 2032
According to the reports of FMI, the global DC power supplies market is expected to reach USD 447.33 million by 2025, up from USD 378 million in 2021, at a CAGR of 4.3% during the forecast period.
The DC power
supplies market’s expansion can be attributed to rising demand for wireless
communication and infrastructure, as well as aerospace and defence, in
countries such as the United States and Canada, as well as rising demand
for industrial automation and consumer electronics in countries such
as India, China, and Japan.
The global market
for DC power supply has been badly disrupted by the COVID-19 epidemic. The
COVID-19 epidemic slowed economic development in nearly all major nations,
altering consumer purchasing habits.
National and
international travel have been impeded as a result of the lockdown applied in
several nations, which has greatly disrupted the supply chain of DC power
supplies sectors and many others throughout the world, consequently
expanding the supply–demand gap.
The rapid expansion
of the electronic industry is expected to propel the DC power supply
market. With the continual expansion of the industrial sector, the DC
power supply market is expected to rise considerably. Growing fundamental electronic
applications necessitate precise voltage, which must be balanced against
changes in input voltage and burdened with producing precise voltage as
required.
The DC power
supplies market is poised for tremendous development. With increased
production and demand for electronic devices such as laptops, computers,
mobile phones, and other electronic devices in consumers, and these gadgets
need constant DC supply, demand for DC power supply systems is
increasing. However, the DC power supplies market‘s expansion is
hampered by its complicated nature and expensive cost.
The market for
DC power supply is divided into five regions: Asia
Pacific, Europe, North America, South America, and the Middle
East and Africa. From 2019 to 2024, North America is expected
to have the greatest share of the DC power supply market.
During the forecast
period, it is predicted to be the fastest-growing market for DC power
supplies. The increasing wireless communication & infrastructure and
aerospace & military segments in nations such as the United States and Canada are
expected to drive demand for DC power supply in the area.
KEY TAKEAWAYS:
·
The North America from the DC power supply market is expected to grow at
the fastest CAGR of 4.6% in the region sector.
·
Automotive is expected to grow at a high rate in the application sector
of the DC power supply market, with a CAGR of 4%.
·
The market size for DC power supply in the United States is expected to
reach US$ 216 Million by 2032, growing at a CAGR of 4.1% during the
research period.
·
United Kingdom is expected to reach a market size of US$ 25
Million in DC power supply by 2032, with a CAGR of 3.1% during the
research period.
·
China’s DC power supply market is expected to be worth US$ 44
Million by 2032, with a CAGR of 3.7% over the forecast period.
·
Japan is expected to have a market size for DC power supply of US$
35 Million by 2032, with a CAGR of 2.7% during the research period.
·
By 2032, South Korea is expected to reach a market size of US$
23 mllion in DC power supply, with a CAGR of 2% during the research
period.
COMPETITIVE LANDSCAPE:
Keysight
Technologies, AMETEK, Goodwill Instrument, TDK Lambda, and Chroma ATE are the
key participants in the DC power supply market.
·
The firm introduced a new E36200 range of single and dual output power
supplies in May 2019. As part of its inorganic strategy, Keysight Technologies received
a contract in December 2015 to supply DC Power Supplies to the
University of Sheffield’s Electronic Engineering Teaching Lab.
For more information:
https://www.futuremarketinsights.com/reports/dc-power-supplies-market
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