Global AC Power Source Market - 2022-2029

Global AC Power Source Market - 2022-2029

Market Overview

AC power source market reached US$ YY million in 2021 and is estimated to record significant growth by reaching up to US$ YY million by 2029, growing at a CAGR of 4.3% during the forecast period (2022-2029).

An AC power source, sometimes referred to as an AC power supply, is a device that can supply a load with variable power and frequency. An AC power source generates an alternating electrical current that can be used to power or test a separate piece of equipment by imitating electrical grid disruptions, harmonics, surges and other events that cause a device under test (DUT) to fail.

Electrical testing is common in aircraft, lighting, laboratory testing, military and factory production and AC power sources like the IT7321 AC Power source units are often utilized. The AC Power Source allows alternating current signals ranging from 45Hz to 500Hz.

It can also generate different sine waveforms, including traps, surges and dimmed phase waves for simulating different events. Furthermore, AC voltage stabilizers and frequency converters are the two main forms of AC power sources. Frequency converters have the ability to produce an arbitrary frequency while maintaining a constant output frequency.

Market Dynamics

Improving demand for energy-efficient devices/appliances in developing countries has escalated the demand for AC power sources, increasing market share.

Improving demand for energy-efficient devices/appliances in developing countries has escalated the demand for AC power sources, increasing market share.

Most power plants generate alternating current (AC) used by most power distribution systems. When transferring electricity over long distances, alternating current is less expensive to produce and has lower energy losses than direct current. Direct current is often preferable to alternating current over large distances (more than 1000 km). Unlike direct current, alternating current's direction and amperage vary multiple times every second.

Most machines directly connected to the electrical grid (for example, huge factory dynamos) use alternating current power sources and electrical outlets in homes and businesses also use alternating current. Laptops and other direct current devices have an AC adapter that converts alternating current to direct current.

Furthermore, the AC power source holds several advantages, such as Cheap and efficient voltage stepping by using transformers. Also, the AC power source allows for energy-efficient electrical transmission via powerlines which offers efficient transmission to save power companies and the consumer lots of money and help reduce pollution since power plants do not need to make up for lost electricity by using more fuel.

The growing shift of consumers towards energy-efficient devices boosts the demand for AC power sources among various applications. For instance, LED light production lines, AC motors, medical equipment testing, home appliances, avionics and marine equipment testing all use PWM AC power sources.

PWM AC power sources are smaller and more efficient than linear AC power sources. Low-frequency signals are generated from high-frequency pulses in the PWM process. The approach divides AC waveforms into multiple bits with a smaller transformer and converts them to the desired voltage level. PWM AC power sources have efficiency above 90%, resulting in very little power loss.

Growing regulations on power supply safety have created various hurdles for the growth of AC power sources to grow in the forecast period

Power supply regulation refers to a power supply's capacity to maintain an output voltage within a given tolerance despite changing input voltage and load conditions. A power supply with regulation produces a steady output regardless of the input mains voltage fluctuations.

For instance, Energy Star created and released its first national standard for external power supply in 2004, after California issued its first state legislation. The standard was primarily based on the original California specification, but it was later used to establish the first federal mandate, the Energy Independence and Security Act of 2007.

The EISA 2007 act regulated all single-output external power supplies with an output power of 250 watts. It established minimum efficiency requirements for external power supplies, including standby power usage when no load is present. Furthermore, various developing countries are establishing regulations on AC power sources, hurdling market growth.

COVID-19 Impact Analysis

The COVID-19 pandemic has wreaked havoc on enterprises across practically every industry. As the COVID-19 pandemic unfolds, regulatory agencies worldwide feel compelled to implement strict lockdowns and travel bans. Furthermore, this has significantly impacted the market for AC power sources.

The supply chain systems were disrupted due to the COVID-19 pandemic and tight instructions from governmental bodies to obey social distancing norms compelled industries to operate with a small staff, resulting in a drop in output rates. As a result, these factors negatively impact the AC power source industry.

However, after the COVID-19 pandemic, diversified and innovative AC power source applications, such as lighting, consumer electronics, telecommunications, transportation, food & beverages, medical & healthcare, military & aerospace and industrial, are expected to drive the AC power source market in the forecast period.

Segment Analysis

The global AC power source market is segmented based on phase, modulation, application and region.

The three-phase system offers several advantages, including better operator safety, increased conductor efficiency and the ability to run at high loads, which is boosting the market share of the segment

The global AC power source market is segmented into single and three phases based on Phase. The three-phase segment is expected to increase at a high CAGR during the projection period. Three wires, one neutral wire and three semiconductors make up the three-phase AC power supply. Because there is equitable load distribution in a three-phase power supply, power transfer capacity is greater than in a single phase.

Furthermore, a constant stream of electricity is delivered with a three-phase power supply, allowing for more load to be carried. Laboratory testing, mass production, remote computer-based systems, high-power industrial motors, quality verification, oilfield instrumentation, network communication, audio & video equipment and aviation use three-phase AC power sources.

The three-phase system has several advantages, including better operator safety, increased conductor efficiency and running at high loads. Higher productivity and better load-bearing capability drive the expansion of three-phase AC power sources.

Thus, the advantages of the three-phase AC power source have encouraged the key players to invest in the product. For instance, Keysight Technologies offers AC6900 Series AC power sources that provide an AC and DC power solution by combining the capabilities of a harmonic analyzer, multimeter and power analyzer in one instrument. The AC6900 Series fulfills RTCA DO-160 and MIL-STD-704 specifications and is excellent for testing avionics equipment that works at 400 Hz, 800 Hz or 5,000 Hz. Pre-compliance testing is made easier with the PathWave avionics test suite.

Geographical Analysis

The improving production of equipment used in renewable power generation, smart cities development and consumer electronics in Asia-Pacific boost the demand for AC power sources in the region

The primary regions examined for the AC power sources market are North America, Europe, South America, Asia-Pacific, the Middle East and Africa. By far the largest market, Asia-Pacific is expected to grow fastest over the projection period. The research and manufacturing centers of major consumer electronics, automotive and energy corporations are spread across countries in this region.

China and Japan are famed for their technological advancements and manufacturing processes. Furthermore, governments in this region are emphasizing renewable energy generation.

The improving production of equipment used in renewable power generation, smart cities development and consumer electronics in Asia-Pacific boosted the demand for AC power sources in this region during the forecast period.

Competitive Landscape

The global AC power source market is highly competitive with local and global companies. Some prime companies contributing to the market's growth are Chroma ATE, AMETEK Inc, Pacific Power Source, B&K Precision Corporation, Keysight Technologies, Ainuo Instruments Matsusada Precision, Kikusui Electronics Corporation, Good Will Instrument, REGATRON, AC Power Corp orbit International Corp, Ikonix Corporation, Newtons4th ltd, Aplab Limited and others.

The major companies are adopting several growth strategies such as acquisitions, product launches and collaborations, contributing to the global growth of the AC power source market.

In October 2019, AMETEK introduced the Asterion range of AC power sources, with an output power of 18 kVA. AMETEK Programmable Power's iX2 current-doubling technology is the secret to the Asterion line's excellent performance. With iX2, the available output current increases up to two times the rated output current as the output voltage lowers from one-half of the maximum.

AMETEK, Inc

Overview: AMETEK, Inc. is an America-based manufacturer of electronic instruments and electromechanical devices, with headquarters in U.S. and over 220 manufacturing sites globally. The company was founded in 1930. The company produces electronic instruments and electromechanical devices, which cater to many markets and applications. Electronic instruments and electromechanical are the two reportable segments in the company's operations. Its electronic instruments sector includes AC power sources. Elgar and California Instruments are two brands of AC power sources offered by AMETEK Programmable Power, a part of AMETEK.

Product Portfolio: Asterion AC: The California Instruments ""Asterion"" range of AC power sources by AMETEK Programmable Power is inspired by the enduring power of a brilliant star. It combines intelligence and flexibility to offer a sophisticated platform of AC solutions. The product is a simple-to-install design incorporating advanced technologies to give high-performance, programmable AC and DC power. Its elegant design crams maximum power density into a small form factor and an intuitive touch screen interface puts that power at your fingertips. Due to its centralized control and unequaled adaptability, Asterion is the most versatile platform. Its ground-breaking capabilities have established a new standard for low-cost, high-precision power sources.

Key Development

In April 2019, AMETEK Inc introduced the Asterion range of AC power sources, which has an output power of 18 kVA. AMETEK Programmable Power's iX2 current-doubling technology is the secret to the Asterion line's excellent performance. With iX2, the available output current increases up to two times the rated output current as the output voltage lowers from one-half of the maximum.

Why Purchase the Report?
• Visualize the global AC power source market segmentation by phase, modulation, application and region, highlighting key commercial assets and players.
• Identify commercial opportunities in the AC power source window market by analyzing trends and co-development deals.
• Excel data sheet with thousands of global AC power source market-level 4/5 segmentation points.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global AC power source market report would provide approximately 61 market data tables, 52 figures and 201 pages.

Target Audience 2022
• Service Providers/ Buyers
• Electronic Companies
• Automotive companies
• Research Laboratory
• Manufacturers
• Consumer Goods Companies
• Distributors