DC power supply market to reach $520 M by 2027
The global DC power supplies market reached a value of $400 M in 2021.
Looking forward, the publisher expects the market to reach $520.1 M by 2027, exhibiting a CAGR of 4.47 % during 2021–2027.
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 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. Furthermore, the widespread adoption of wireless communication systems across industries, such as aerospace, defence and telecommunications, is also driving the market growth. Electronic systems in industrial units require precise voltage supply that is stabilized over fluctuations, thereby enhancing the requirement for DC power supplies. They are also used to test automobile batteries, fuel cells, charging stations, on-board chargers and digital interfaces.
The competitive landscape of the industry has also been examined with some of the key players being Acopian Technical Company, Ametek Inc., B&K Precision Corporation, Chroma ATE Inc., etc.
Source: Research and Markets