Direct Current (DC) Power Supplies - Global Market Outlook (2021 - 2028)

Direct Current (DC) Power Supplies - Global Market Outlook (2021 - 2028)

According to Stratistics MRC, the Global Direct Current (DC) Power Supplies Market is accounted for $367.24 million in 2021 and is expected to reach $582.03 million by 2028 growing at a CAGR of 6.8% during the forecast period. Direct current (DC) power supplies refer to an embedded circuit that provides constant and stabilized power supply to electronic modules. They are commonly available in two forms, namely switching and linear power supplies. The switching variants are compact and light-weight, offer higher power efficiency and can be efficiently used for devices with low, medium and high power output. The linear variants use large transformers to drop the voltage to alternating current (AC) and then convert it into DC voltage. DC power supplies offer various benefits, such as repeatable power on and off with minimal input related problems and higher accuracy in read backs, thereby eliminating the need for external meters, shunts, relays and switching calibration.

Market Dynamics:

Driver:

Surge in use in automotive applications

Rapid growth in the electronics industry with increasing adoption of automation profiting the DC power supply market. Power battery testing, fuel cell testing, AC/DC charging station, DC-DC converter testing, on-board chargers & charging interface testing, and high-power battery testing are some of the areas wherein automotive electronic testing is done using DC power supplies which is likely to expand the DC power supply market. With increasing population, automotive industry is also growing and this boosts the DC power supply market.

Restraint:

Rapid growth of the electronic business

Rapid growth of the electronic business is set to impel the DC power supply market over the coming years. Besides, the DC power supply marker is required to relatively increment with the consistent development of the industrial sector. Growing basic electronic applications require exact voltage, which should be settled against fluctuations in input voltage and burden with providing the exact voltage as per the requirement.

Opportunity:

New product launches

Key sight launched a new series of single and dual output power supplies that provides more usable power, bench friendly design with low background noise, and large display. The launch of new power supplies address customers’ bench applications that require power up to 400 W. Key sight’s new E36200 series enables engineers to test and use their designs across multiple end-use industries including automotive electronics, consumer goods, medical devices, power tools, and industrial applications.

Threat:

Imposition of regional/country-wise regulatory compliance

A number of regulatory international and domestic standards are imposed by governments to ensure the development of quality power supply products. These standards vary from country to country; therefore, to achieve significant sales, power supply manufacturers must adhere to the standards that are specific to a country or a region. These standards are defined and administered by national or international agencies, with various government-recognized testing laboratories.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is growing at the highest CAGR in the market as some applications such as power battery testing, fuel cell testing, AC/DC charging station, DC-DC converter testing, on-board chargers & charging interface testing, and high-power battery testing, are performed employing DC power supplies.

The energy segment is expected to be the largest during the forecast period

The energy segment is expected to be the largest share during the forecast period. The increasing demand for energy-efficient power supplies for consumer electronics, along with the emerging trend of industrial automation across the globe, represents one of the key factors driving the growth of the market.

Region with highest share:

North America is projected to hold the largest share in the market. The expansion of wireless network & the advancements in medical equipment in the US along with stringent energy efficiency regulations and standards for power electronic products in the US and Canada are likely to contribute to the growth of the DC power supplies market.

Region with highest CAGR:

North America is projected to have the highest CAGR in the market due to the growing wireless communication & infrastructure and aerospace & defense segment in countries such as the US & Canada is likely to boost the demand of DC power supplies market in the region.

Key players in the market:

Some of the key players profiled in the Direct Current (DC) Power Supplies Market include Acopian, Adaptive Power Systems, AIM-TTI, AMETEK, Artesyn Embedded Power, B&K Precision, Chroma ATE, Good Will Instrument, Itech Electronic, Keysight Technologies, Kikusui Electronics, Magna-Power, Matsusada Precision, Mean Well, Regatron, Rohde & Schwarz, Sophpower Electronics, TDK Lambda, Tektronix, and Zenone Elettronica.

Key developments:

In January 2022: Magna-Power launched E-commerce platform with fully custom product configurators. The new platform, now online, fully integrates product specification and manufacturing, allowing customers to go from configuration to production in seconds, completely independently.

Products Covered:
Multiple-Output
Single-Output

Types Covered:
Alternating Current-Direct Current (AC-DC)
Direct Current-Direct Current (DC-DC)

Sales Channels Covered:
Aftermarket
Manufacturer/Distributor/Service Provider

Output Powers Covered:
Low Output (Less Than 10 kW)
Medium Output (10–100 kW)
High Output (Above 100 kW)

Applications Covered:
Aerospace, Defense, & Government Services
Automotive
Consumer Electronics
Energy
Industrial Electronics
Wireless Communication & Infrastructure
Telecommunication
Healthcare

Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances