Rising Military Spending to Reflect Positively on Germany Industrial Power Supply Market

Germany industrial power supply market is estimated to grow at a CAGR of 4.8% during the forecast period. Rising military spending is one of the crucial factors that is expected to drive the demand for power supply devices in the country. In 2019, Germany’s military spending increased by 10%, to $49.3 billion. This results in an increasing demand for ground military vehicles and modernization of military vehicles, which in turn, is accelerating the adoption of power supply devices as these vehicles require ultra-reliable power supplies for mission-critical electrical equipment. On-board devices including communication or sensors and weapon systems need a constant power supply. An additional power supply is required for reliable availability of on-board devices in standby mode. DC/DC converter is particularly designed for converting electrical power from a high voltage DC-bus to the military vehicles conventional low-voltage DC (24-28V DC) network. DC-DC converter features scalable, water-cooled, high-efficiency, CAN-bus interface, and others. With the growing modernization of military vehicles, there is a continuous rise in power demand in such systems, which in turn, is contributing to the growth of the market.

Browse the full report description of "Germany Industrial Power Supply Market Size, Share & Trends Analysis Report, By Product Type (AC-DC Converter, DC-DC Converter, and DC-AC Inverter), By Vertical (Food and Beverage, Telecom & IT, Transportation, Energy and Utilities, Consumer Electronics, Aerospace and Defense, Healthcare, and Others) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/germany-industrial-power-supply-market

Scope of the Germany Industrial Power Supply Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product Type and Vertical
• Competitive Landscape- ABB Ltd., Siemens AG, TDK Corp., and Phoenix Contact

Recent Strategic Initiatives in the Germany Industrial Power Supply Market

• In September 2020, Conrad Electronic declared the expansion of the DC-DC converter range from TDK-Lambda Germany. Conrad entered into a strategic partnership agreement with manufacturer TDK-Lambda Germany. This agreement will support making a successful business relationship between these companies to the next level and emphasizes its expertise and superior performance in the e-commerce sector. TDK Lamba is focusing on significantly reinforcing its positioning and presence within the DC-DC converter market. Therefore, this agreement will enable the firm to achieve this objective. 
• In March 2019, Siemens declared the expansion of its range of DC/DC converters by launching a new range of Sitop PSU3400 devices for the lower output range up to 120 watts. These new power supply units facilitate stable output voltage even with voltage fluctuations of +/-25%. The benefits for users comprise a high degree of efficiency of 92% and high safety during operation coupled with the wide input range with reverse polarity protection.

Key questions addressed by the report

• What is the market growth rate?
• Which segment/country dominates the market in the base year?
• Which segment/country will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Germany Industrial Power Supply Market-Segmentation

By Product Type

• AC-DC Converter
• DC-DC Converter
• DC-AC Inverter

By Vertical

• Food and Beverage
• Energy and Utilities 
• Telecom & IT
• Transportation
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others

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