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.

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.

Some key players in the market include ABB Ltd., TDK Corp., Siemens AG, XP Power, Delta Electronics, Inc., and COSEL Co., Ltd. The market players are actively focusing on gaining potential share in the market and therefore adopting strategies such as mergers and acquisitions and product launches. For instance, in June 2018, Cosel Co, Ltd declared the acquisition of the Powerbox Group. Powerbox Group has design centers in Germany, Sweden (HQ), and the Netherlands as well as offices all over Europe, the US, Australia, and China. Powerbox is engaged in the design & manufacturing of standard, semi-standard, and full custom power supplies all over the transportation, industrial, medical, and defense sectors.

Research Methodology

The market study of the Asia-Pacific industrial power supply market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia-Pacific Industrial Power Supply Market Research and Analysis by Product Type
2. Asia-Pacific Industrial Power Supply Market Research and Analysis by Vertical

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.