AC Power Supplies Market Analysis with Key Players, Applications, Trends and Forecast To 2026
Category: #business  By Ashwin Naphade  Date: 2020-02-21
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AC Power Supplies Market Analysis with Key Players, Applications, Trends and Forecast To 2026

According to credible estimates, global AC power supplies market is presumed to expand significantly by the year 2026. Rising dependency on electrical energy has surged the demand for electricity which is driving the AC power supplies market growth. AC power systems help generate electricity at low voltage and further aid in long distance power transmission. This factor along with rapid industrialization and rising adoption of HVAC systems in residential and commercial sector is fostering the demand for AC power supplies across the globe.

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AC generators are less complicated and cheaper as compared to DC generators which in turn is stimulating the industry outlook. Moreover, governments across the globe are introducing electrification projects for lighting up remote areas. Adding to this, there has been an upsurge in investments by public entities in replacement and renovation of existing distribution infrastructure. Thus, aforementioned factors are further aiding the AC power supplies market expansion. However, AC generators cause vibrations and loud noise during operations, as well as huge volume of electrical energy is wasted in the form of heat energy, which may hinder the market growth to certain extent.

As per product type, the AC power supplies market is classified into:

  • 0-30 kVA and above 30 kVA segments

The 0-30 kVA market segment is expected to register substantial growth during the estimated timeframe. AC power supplies with less than 30 kVA offer efficient and cheap power generation as compared to other products. This type of AC generator is widely used in commercial and residential infrastructure as a backup power supply, and thus rising need for continuous and reliable electricity is fueling the segmental growth. However, this type of power generator may malfunction during excess use, which is estimated to inhibit the market growth.

Based on the application spectrum, the AC power supplies market is bifurcated into:

Aerospace & military, research & design, power industry, and manufacturing tests application segments. The power industry applications of AC power supplies are predicted to grow significantly during the forecast period. Alternative currents are extensively used in power industry since transformers require alternative current to operate. Moreover, it is easier to transform alternative current transform to direct current. Thus, growing power generation industry along with rising adoption of AC power supplies are propelling the market growth. Also, the research and design segment will witness considerable growth in the coming years, due to rising research and design activities by various companies to develop innovative products.

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Regional analysis

The AC power supplies market is divided into North America, Latin America, Europe, and Asia-Pacific. The North America AC power supplies industry is poised to acquire significant gains in the ensuing years. Escalating investments by public and private entities in renovation and remodeling of current distribution systems are driving the market growth. Additionally, increasing demand for reliable and uninterrupted is slated to augment regional revenues.

Major players in the market

Pacific Power Source, Kikusui Electronics, Chroma Systems Solutions, Munk GmbH, Keysight Tech, Preen (AC Power Corp.), Ametek, Matsusada Precision, B&K Precision Corp., Behlam Electronics, and Ainuo Instrument are the prominent companies operating in the AC power supplies market.

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GaN and SiC Power Semiconductor Market 2019-2025

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About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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