Selbyville, Delaware, Dec. 11, 2024 (GLOBE NEWSWIRE) -- The industrial power supply units market is predicted to reach USD 24.8 billion by 2032, as reported in a research study by Global Market Insights Inc. This growth is driven by increasing automation across manufacturing and industrial sectors, which demands reliable power supplies to operate advanced machinery, robotics, and automated systems. As industries aim to improve efficiency and lower operational costs, they invest in power supply solutions optimized for modern technologies. Additionally, the global pivot toward renewable energy sources, including solar and wind, underscores the need for sophisticated power management systems.
The rapid expansion of data centers, propelled by the rise of cloud computing and big data analytics, fuels the demand for uninterrupted power supply systems. The ongoing shift towards electric vehicles (EVs) and the growth of electrified public transportation systems are also intensifying the need for specialized power supply units. Technological advancements in power supply, including advanced switching techniques and integration with smart grids, enhance performance and efficiency.
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The industrial power supply units market from the switch mode power supply units segment led the market, valued at over USD 5.9 billion in 2023, with a forecasted CAGR of around 5.6% from 2024 to 2032. As smart grid technology becomes more widespread, the demand for flexible power supplies has surged. These systems can manage energy in real time and seamlessly integrate renewable energy sources with traditional power infrastructures. Additionally, DC-DC converters are increasingly used to step down high-voltage DC power, offering high efficiency, wide input voltage ranges, and exceptional power density. These features make them suitable for powering complex electronics in medical, industrial, and telecommunications applications.
The three-phase segment accounted for approximately 53% share of the industrial power supply units market in 2023 and is expected to grow at a CAGR of 5.4% through 2032. Three-phase power is optimal for handling heavy electrical capacities, making it unique for operating large industrial machinery. Utilizing three conductors and a single neutral wire, this setup provides ample torque for heavy motors without additional starters, enabling efficient operation of industrial equipment. Industrial and commercial sectors favor three-phase power systems to meet their high energy demands.
U.S. industrial power supply units market exceeded USD 3.7 billion in 2023 and is expected to grow at a CAGR of over 5.2% through 2032. Key growth drivers in the region include increased manufacturing automation, the expansion of data storage solutions, rising adoption of electric vehicles along with their required charging infrastructure, and stringent regulations focused on energy efficiency.
Overall, the industrial power supply units market is poised for sustained growth as technological advancements, renewable energy integration, and increasing automation reshape demand across various sectors.
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Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations.
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry synopsis, 2021-2032
Chapter 3 Industrial Power Supply Units Market Insights
3.1 Industry ecosystem analysis
3.1.1 Factor affecting the value chain.
3.1.2 Profit margin analysis.
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.2 Supplier landscape
3.3 Profit margin analysis.
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising demand for automation
3.6.1.2 Growth of renewable energy sources
3.6.2 Industry pitfalls & challenges
3.6.2.1 Swift technological advancements
3.6.2.2 Disruptions in supply chains
3.7 Growth potential analysis
3.8 Porter’s analysis
3.9 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
