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The power supply market is projected to grow at a CAGR of 5.11% to reach US$33.600 billion by 2024, from US$24.915 billion in 2018. The power supply market is expected to grow on account of rising usage of electronics at home and in industries.
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Power Supply Market Forecast From 2019 to 2024
DESCRIPTION As per the latest reports by Knowledge Sourcing Intelligence, The power supply market is projected to grow at a CAGR of 5.11% to reach US$33.600 billion by 2024, from US$24.915 billion in 2018. The power supply market is expected to grow on account of rising usage of electronics at home and in industries. The market will also grow due to the emerging telecom sector all around the world, as it requires continuous and uninterrupted power supply solutions. In addition, the increasing demand for energy efficient solutions will lead to increasing investment in the power supply market. However, the availability of substitutes in the form of High Voltage Direct Current (HVDC) and renewable forms of energy will be a restraining factor for the growth of this market. The North American region will have a significant share in the market due to early adoption and development of technology.
Key Questions Answered By The Report • What will be Power Supply Market from 2019 to 2024? • How are the major drivers and restraints affecting the Power Supply Market? • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
Segments Covered Under Power Supply Market are : • By Frame Type • Open Frame • Enclosed Frame • By Output • Single Output • Multiple Output • By Mount Type • DIN Rail Mount • Wall Mount • PCB Mount • Panel Mount
Geography North America USA Canada Mexico Others South America Brazil Argentina Others
Geography Europe Germany France United Kingdom Spain Others Middle East and Africa Saudi Arabia Israel Others
Geography Asia Pacific China Japan South Korea India Others
COMPANY PROFILES • Delta Electronics, Inc. • TDK Corporation • AcBel Polytech Inc. • MEAN WELL Enterprises Co. • Sciencetech, Inc. • Siemens AG • ABB • XP Power • MuRata Manufacturing Co. • Artesyn
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