New York – January 22, 2024 - Research Nester’s recent market research analysis on “DC Power Supplies Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global DC power supplies market in terms of market segmentation by vertical, type, output power, and by region.

Increasing Demand for Electronic Devices to Promote Global Market Share of DC Power Supplies
By 2021, sales of electric vehicles were around 5 million, at a new record level compared with the previous year. The global sale of electric cars amounted to more than 119,000 at the end of 2012. All the time, DC electricity flows in the same direction. Batteries, solar panels and fuel cells are just some of the devices using this kind of energy. Despite the fact that DC is mainly replaced by AC in electricity grid operations because a large number of modern devices use it, DC power has started to be used again recently. Therefore, DC power is relied upon for the propulsion of electrical vehicles. It also implies that the market will increase in view of a growing demand for vehicles powered by electricity.

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Furthermore, government initiatives are becoming more and more widespread with a view to promoting the adoption of electric vehicles. For example, in Phase II of the FAME programme which was launched on 1 April 2019, India's Government allocated a budget amounting to 121 million US dollars for three years. In order to increase the use of electric vehicles in the country, an 86 per cent demand incentive was earmarked for overall financial support. This phase is expected to allow up to 7 000 electric buses, 5 000 electric bikes, 55000 Electric 4-wheel cars and 10 0000 electric two wheels vehicles with a view to creating demand. Consequently, it is estimated that this will result in an increased demand for electric vehicles and market growth over the next few years.

Some of the major growth factors and challenges that are associated with the growth of the global DC power supplies market are:

Growth Drivers:
• Surge in Demand for LEDs
• Rising Demand for Smartphones

Challenges:
The world producers of DCDC converters, as well as their trade mark holders in the local markets, are facing serious threats from unauthorized and lower quality goods. Local producers of AC DC power supply converters frequently offer their products at reduced rates while using stolen trademarks and logos of well-known brands, which causes a significant loss to the market for DC power supplies globally. Increase in government regulation of high voltage direct current, HVDC and stringency is orderly reducing e-waste are some of the major factors anticipated to hamper the global market size of DC power supplies.

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By vertical, the global DC power supplies market is segmented into telecommunications, consumer electronics, medical & healthcare, military & aerospace, transportation, lighting, food & beverages, and industrial. The consumer electronics segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The increasing demand for consumer electronics has led to an increase in this segment. The segment is estimated to be growing on the back of increased investment in consumer electronics. The Indian Government claims that through the PLI programme, which is focused on mobile phones and electronic components, investment of about USD 413.4 million in India's electronics manufacturing sector will be generated by 2025. In both domestic as well as abroad, the proliferation of mobile phones and tablets continues to increase. The demand for innovative, innovative, and highly advanced electrical equipment is also increasing. This development is expected to lead to a growth in the production and manufacture of DC power adapter units, for recharging and operating these electronic devices.

By region, the Europe DC power supplies market is to generate the highest revenue by the end of 2036. Two key factors supporting market growth in this region are the development of food and beverages industries, as well as its growing aerospace and defence sectors. Moreover, the high outage DC power supplies are extensively used in Europe region. The high cost factor had been a decisive factor in Europe's decision to deploy the large power outage.

This report also provides the existing competitive scenario of some of the key players of the global DC power supplies market which includes company profiling of Ametek Inc., B&K Precision Corporation, Chroma ATE Inc., Good Will instrument Co., ltd., Keysight Technologies Inc., Magna -Power Electronics Inc., Tektronix, Inc., Rohde & Schwarz India Pvt Ltd, MEAN WELL Enterprises Co. Ltd., and others.

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