Asia-Pacific industrial power supply market is estimated to grow at a CAGR of 6.8% during the forecast period. The growing consumer electronics sector and increasing spending in the aerospace and defense sector are some pivotal factors encouraging market growth. As per the India Brand Equity Foundation (IBEF), the Indian appliance and consumer electronics market reached $10.9 billion in 2019. It is expected to double to reach $21.2 billion by 2025. Demand for consumer durables such as consumer electronic goods and refrigerators is expected to witness an increased demand in the upcoming period, primarily in the rural areas as the Indian government plans to significantly invest in rural electrification. The presence of major consumer electronics players such as Samsung and LG is further strengthening the consumer electronics market in the region. The power supply is significantly utilized to deliver power to the electrical load. It is an essential device for diverse engineering-associated areas and appliances. Different kinds of power supplies are utilized to deliver power to different appliances and different circuits.
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The market is segmented based on material and vertical. Based on product type, the market is classified into AC-DC converter, DC-DC converter, and DC-AC inverter. Based on vertical, the market is classified into food and beverage, energy and utilities, telecom & IT, transportation, consumer electronics, aerospace and defense, healthcare, and others. The increasing number of data centers coupled with the growing digitalization is leading to increasing demand for power supply devices in the region. The energy stored in the batteries is known as DC power. Inverters play a vital role to convert AC power into storable DC power. During the event of a power outage, the uninterruptible power supply (UPS) system utilizes the power inverter to convert stored DC power from the batteries to AC power which allows data centers to continue their operations.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Industrial Power Supply Market-Segmentation
By Product Type
- AC-DC Converter
- DC-DC Converter
- DC-AC Inverter
By Vertical
- Food and Beverage
- Energy and Utilities
- Telecom & IT
- Transportation
- Consumer Electronics
- Aerospace and Defense
- Healthcare
- Others
Asia-Pacific Industrial Power Supply Market– Segment by Country
- China
- India
- Japan
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific industrial power supply market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific industrial power supply market.
- Insights about market determinants that are stimulating the Asia-Pacific industrial power supply market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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