North American industrial power supply market is estimated to grow at a CAGR of 5.0% during the forecast period. The major factors encouraging the market growth include the growing aerospace and defense sector and the increasing telecom and IT sector in the region. The region is significantly focused on modernizing military infrastructure and thereby invests highly in military expenditure. For instance, according to the Stockholm International Peace Research Institute (SIPRI), the US military expenditure increased for the first time in seven years to reach $649 billion in 2019, which makes it the world’s largest military spender. The US represented 36% of total global military spending in 2019. This results in an increasing demand for military land vehicles which significantly require ultra-reliable power supplies for mission-critical electrical equipment. Military vehicles use a nominal 28 V power supply system and much of MIL-STD-1275 which needs ensuring such systems can handle transient surges and spikes. 

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 growing telecom and IT sector are one of the major factors accelerating market growth. The significant presence of major telecom & IT firms such as IBM Corp., Microsoft Corp., and Oracle Corp. are supporting to drive the market growth. This leads to an increasing demand for DC-DC converter modules that meets the emerging power needs of telecommunications infrastructure equipment and high-reliability networking.

Some key players in the market include XP Power, ABB Ltd., Murata Power Solutions, Siemens AG, and TDK Corp. Product launches and mergers and acquisitions are some pivotal strategies implemented by the market players to enhance their position in the marketplace. For instance, in May 2019, Cooler Master, declared the availability of the new V Gold power supply unit, offering a new and improved series of power supply units for the next generation of high-end PC builders. Available in the US and Canada in two wattage levels, 650W and 750W, the new V Gold power supply unit feature a semi-fanless mode that supports the 135mm fan at 40% load. The users can manually de-activate the semi-fanless mode through the hybrid switch located at the rear of the power supply unit. 

Research Methodology

The market study of the North American 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. North American Industrial Power Supply Market Research and Analysis by Product Type
2. North American Industrial Power Supply Market Research and Analysis by Vertical

The Report Covers

• Comprehensive research methodology of the North American 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 North American industrial power supply market.
• Insights about market determinants that are stimulating the North American industrial power supply market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.