DC Power Supplies Market Analysis | 2022-2028

Market Insights

The DC power supplies Market is likely to grow from USD 375.94 million in 2021 to USD 518.49 billion by 2028 at an impressive CAGR of 4.64% during the forecast period.

What is a DC power supply?

A DC power supply, or direct current power supply, is a device that converts alternating current (AC) electrical energy into direct current (DC) electrical energy. It typically takes AC power from a mains outlet or other power source and converts it to a steady and continuous DC voltage or current output. DC power supplies are commonly used in various electronic devices and systems where a stable and controlled source of DC power is required, such as in electronics testing, battery charging, telecommunications, and many other applications. They come in various forms, including linear power supplies and switching power supplies, each with its own advantages and disadvantages in terms of efficiency, cost, size, and complexity.

Market Dynamics

The major factors contributing to the growth of the market for DC power supplies are the growing wireless communication & infrastructure and aerospace & defense sectors in countries such as the US and Canada and the mounting demand for industrial automation and consumer electronic sectors in developing economies such as India, China, and Japan.

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Key Players

Some of the top players in the DC power supplies market are- 

• Keysight Technologies
• AMETEK
• Chroma ATE
• Good Will Instrument
• B&K Precision
• TDK Lambda
• Mean Well
• Artesyn Embedded Power
• Acopian
• Rohde & Schwarz

Segment Analysis

By Type

Based on the type, the market is segmented as AC-DC and DC-DC. The AC-DC segment is projected to be the faster-growing segment during the forecast period, owing to a rise in demand for AC-DC power supplies for various testing & measurement applications of medical & industrial equipment, which is expected to drive the growth of this segment of the DC power supplies market during the forecast period.

By Application Type

Based on the application type, the DC power supplies market is segmented as aerospace, defense & government services, automotive, energy, wireless communication & infrastructure, and others. The automotive segment commands 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.

By Region

In terms of regions, North America is estimated to be the largest as well as the fastest-growing market for DC power supplies during the forecast period, owing to the growing wireless communication & infrastructure and aerospace & defense segments of countries such as the US & Canada, which are likely to accelerate the demand for DC power supplies market in the region

Research Methodology

This report offers high-quality insights and results from a 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 books, press releases, journals, investor presentations, 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 qualitative and quantitative insights.

Report Features

This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.

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Report Customization Options

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 types by application type.  

Competitive Benchmarking

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

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