Ac Power Source Market Report

Market Insights

AC Power Sources Market is likely to witness a modest CAGR of 2.4% during the forecast period. One of the prime factors driving the market is the increasing production of equipment used in renewable power generation, avionics, and electric vehicles. Other trends such as rising concerns towards development of smart city infrastructure and increasing focus towards energy-efficient business operations are likely to fuel the market during the forecast period.

What is AC Power Source?

AC power source or alternative current power supply is a source of generating alternating current which flows in reverse direction periodically completing a cycle. This process is distinct from direct current or DC which flows in a straight direction. Application areas of AC power source are businesses and residences; used by consumers for various utility applications such as kitchen appliances, computers, lamps, and others as it is an alternative power source converting current, making it safer and more reliable for such applications. In most countries, domestic utility is AC with a frequency of 60 Hz (60 full cycles/sec), or 50 Hz.

Key Player's

Some of the major players in the AC power sources market are-

• AMETEK Inc.
• Chroma ATE, Inc.
• Keysight Technologies
• Kikusui Electronics Corporation
• Pacific Power Source, Inc.
• Matsusada Precision, Inc.

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Segment Analysis

AC Power Sources Market Share: By Modulation Type

Based on the modulation type, the AC power sources market is segmented as PWM and Linear. The PWM segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period.

• Serving a broad range of applications, such as AC motors, LED light production line, medical equipment testing, home appliances, and avionics & marine equipment testing.  
• The PWM technique generates low-frequency signals from high-frequency pulses, cutting the AC waveforms into various pieces and changing them to the required voltage level with a smaller transformer. 
• It offers greater efficiency and space-saving due to its comparatively small size.
• PWM AC power sources incur negligible power loss owing to their efficiencies exceeding 90%. 
• In this technique, the switching can be modulated in various ways, as in Switch-Mode Power Supply (SMPS), depending on the load conditions which prove to be another great advantage.

AC Power Sources Market Share: By Phase Type

Based on the phase type, the AC power sources market is segmented as one-phase and three-phase. The three-phase segment is expected to grow at a higher rate during the forecast period. 

• A three-phase AC power supply consists of four wires which include one neutral wire and three semiconductors.
• The capacity of power transfer is more in a three-phase as compared to that in a single phase due to an equal load distribution and a steady stream of power being delivered at a constant rate.
• Increased safety of operators, higher conductor efficiency, and capacity to run on high loads are some of the advantages offered by three-phase, all leading to higher productivity and better load carrying capacity. 
• Applications such as avionics, mass production, laboratory testing, remote computer-based systems, industrial high-power motors, quality verification, oilfield instrumentation, network communication, and audio & video equipment utilize a three-phase power source.

Regional Analysis of the Market

Asia-Pacific is estimated to be the largest as well as the fastest-growing AC power sources market during the forecast period.

• China and Japan are the major countries known for their innovations in technology and manufacturing processes, offering lucrative growth opportunities, in addition to the presence of a number of manufacturers of consumer electronics, automotive, and energy companies with their research and manufacturing facilities in this region.
• Increasing government focus on renewable power generation, rise in production of equipment used in renewable power generation, development of smart cities, and growing consumer electronics industry in the Asia-Pacific region are some of the factors which are likely to act as a catalyst for the region's market during the forecast period.
• North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Market Scope & Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The AC power sources market is segmented into the following categories. 

AC Power Sources Market Size, Share, & Forecast, by Phase Type:

• Single-Phase (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Three-Phase (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

AC Power Sources Market Size, Share, & Forecast, by Modulation Type:

• Pulse Width Modulation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Linear (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

AC Power Sources Market Size, Share, & Forecast, by Application Type:

• Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Wireless Communication & Infrastructure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Consumer Electronics & Appliances (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

AC Power Sources Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the phase types and by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.