Industrial Power Supply

Global Industrial Power Supply Market to Reach US$13.9 Billion by 2030

The global market for Industrial Power Supply estimated at US$9.3 Billion in the year 2024, is expected to reach US$13.9 Billion by 2030, growing at a CAGR of 6.8% over the analysis period 2024-2030. AC-DC Converter, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$10.2 Billion by the end of the analysis period. Growth in the DC-DC Converter segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.4 Billion While China is Forecast to Grow at 10.0% CAGR

The Industrial Power Supply market in the U.S. is estimated at US$2.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2030 trailing a CAGR of 10.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 6.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Global Industrial Power Supply Market - Key Trends and Drivers Summarized

Why Is Industrial Power Supply Essential for Reliable Operations?

Industrial power supply systems are critical for ensuring the reliable operation of machinery, equipment, and processes across industries such as manufacturing, telecommunications, healthcare, and energy. These systems provide stable and uninterrupted electrical power to industrial devices, enabling them to operate efficiently and without disruption. Industrial power supply solutions range from uninterruptible power supplies (UPS) and power distribution units (PDUs) to transformers and generators, all designed to meet the high power demands of industrial environments. In sectors such as healthcare and data centers, where even a brief power interruption can result in significant financial losses or safety risks, industrial power supplies are vital for maintaining continuous operations and safeguarding sensitive equipment.

How Are Technological Advancements Shaping the Industrial Power Supply Market?

Technological advancements in power supply systems are enhancing the efficiency, reliability, and sustainability of industrial power supply solutions. Innovations in power electronics, such as high-efficiency inverters and converters, are improving the performance of power supply systems, reducing energy losses and extending the lifespan of industrial equipment. Additionally, the integration of smart grid technologies and IoT-based monitoring systems is enabling real-time power management and predictive maintenance, allowing companies to optimize energy consumption and prevent costly downtime. The development of renewable energy-based power supplies, such as solar and wind-powered solutions, is also gaining traction as industries look to reduce their carbon footprint and achieve energy sustainability goals.

How Do Market Segments Define the Growth of the Industrial Power Supply Market?

Product types include AC-DC converters, DC-DC converters, uninterruptible power supplies (UPS), and inverters, with UPS systems holding the largest market share due to their widespread use in critical applications such as healthcare and data centers. Power ratings range from low to high power, with high-power systems seeing rapid growth as industries such as manufacturing and telecommunications demand more robust solutions to support heavy machinery and complex networks. End-use industries include manufacturing, healthcare, telecommunications, and energy, with the telecommunications and data center sectors driving demand for reliable and uninterrupted power supply systems as digital infrastructure expands globally.

What Factors Are Driving the Growth in the Industrial Power Supply Market?

The growth in the industrial power supply market is driven by several factors, including the increasing demand for reliable and energy-efficient power solutions, the expansion of industrial automation, and the growing adoption of renewable energy sources. As industries continue to automate processes and digitize operations, the need for uninterrupted power supply systems that can support critical equipment is becoming more pronounced. Technological advancements in power electronics and energy storage are also driving demand for more efficient and sustainable power solutions. Additionally, the rising focus on renewable energy integration in industrial power systems is contributing to market growth, as companies seek to reduce their reliance on traditional energy sources and lower their environmental impact.

SCOPE OF STUDY:

The report analyzes the Industrial Power Supply market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Type (AC-DC Converter, DC-DC Converter); Vertical (Transportation, Semiconductor, Military & Aerospace, Robotics, Test & Measurement, Other Verticals)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• ABB
• Acopian
• Amara Raja Power Systems
• Artesyn Embedded Power
• Cosel
• CUI
• Delta Electronics
• FSP
• Mean Well
• MTM Power
• Murata Power Solutions
• Phoenix Contact
• Puls
• Siemens
• TDK Lambda
• XP Power

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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