The US industrial power supply market is estimated to grow at a CAGR of 5.2% during the forecast period. The major factors encouraging the market growth include the growing manufacturing sector and increasing aerospace and defense sector in the country. As per the National Association of Manufacturers (NAM), in the US, manufacturers represent 11.4% of the total output in the economy, using 8.51% of the workforce. In 2018, the total output generation from the manufacturing sector was $2,334.6 billion. Industrial automation is gaining significance coupled with the increasing focus on boosting manufacturing capabilities. 

Power supply acts as a basic component in the automated manufacturing process that needs safety protection functions and high stability. This results in an increasing demand for industrial power supplies that are destined for severe environments as they have a very small size and can withstand high temperatures. Some important parameters that need to consider while evaluating the reliability and quality of switching power supplies. These parameters comprise permissible operating temperature, efficiency, ambient temperature, thermal management, and derating curves for input voltage and bridging time in the event of a power failure.

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 June 2018, Murata declared the 1 kW DRQ-11.4/88-L48 series of quarter brick, intermediate bus, DC/DC converter modules that meet the increasing power requirements of high-reliability networking and telecommunications infrastructure equipment. 

Research Methodology

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

The Report Covers

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