Global Market Size of Industrial Power Supply Market – 10 Year Market Forecast

Energy & Power

Industrial Power Supply Market Size Forecast 2022-2029

 

The market value of the global industrial power supply market is expected to reach USD 12.99 billion in 2022 and USD 18.24 billion by 2029, growing at a CAGR of 5%. The value of the cumulative market size of the industrial power supply market is estimated at USD 124 billion over the forecast period of 2022 to 2029. Europe is the largest and fastest-growing market for industrial power supply, followed by APAC and North America. By output power, the medium output (1000W-10kW) segment accounts for the majority of the market shares. In the offering segment, the DC-AC inverter is estimated to be the largest market.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database studies business units across 600+ markets and 12 different industries including the industrial power supply market.
• What are the factors attributing to the growth of the industrial power supply market?

• The increasing adoption of electric vehicles globally and the rising demand for energy efficient devices in the industrial sector are the factors attributing to the market growth.
• What are the restraints of the industrial power supply market?

• Imposition of a number of regulatory domestic and international standards by governments to ensure the manufacturing of quality power supply products acts as a restraint on the market.
• What are the drivers of the industrial power supply market?

• The drivers of the industrial power supply market are the rising demand for energy efficient in industrial sector to lower power consumption and reduce energy waste.
• What are the growth opportunities in the industrial power supply market?

• The rising adoption of robots across several sectors globally is likely to boost the demand for power supplies hence providing growth oppurtunities to the manufacturers in the market.

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