Industrial Power Supply Market to Reach $14.5 Billion by 2027 | ABB, Siemens, TDK Lambda, Delta Electronics, Murata Power Solutions.

The global Industrial Power Supply Market is expected to grow from USD 10.8 billion in 2022 to USD 14.5 billion by 2027, at a CAGR of 6.0%. The growth of the industrial power supply market can be attributed to growing investments in energy-efficient devices in the industrial sectors and the adoption of robots across several industries. The growing sale of electric vehicles is also an important driver for the industrial power supply market.

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Robotics segment, by vertical, is expected to grow at the highest CAGR during forecast period

The robotics segment is expected to register the highest CAGR of 7.9% during the forecast period. Robotics applications of industrial power supplies include factory and warehouse automation systems, goods handling and transportation systems, manufacturing and packaging systems, and automated assembly systems.

The Very low output (up to 500 W), by output power, is expected to be the largest industrial power supply market during the forecast period

By output power, the industrial power supply market has been segmented into very low output (up to 500 W), low output (500-1,000 W), medium output (1,000 W-10 kW), high output (10-75 kW), and very high output (75-150 kW). very low output (up to 500 W) is expected to be the largest segment during the forecast period. The rising use of automation solutions and digital technology by industries based in China, India, and Japan is the prime reason for the growth of this market.

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Asia Pacific is expected to dominate the global industrial power supply market during the forecast period

In this report, the industrial power supply market has been analyzed for five regions, namely Asia Pacific, North America, Europe, Middle East & Africa, South America. Asia Pacific is expected to lead the market during the forecast period. The growing inclination of China and Japan toward industrial automation and the rising adoption of electric vehicles in the region are among the reasons for the region's significant market size

Some of the top players in the Industrial Power Supply Market. These include TDK Lambda (Japan), Siemens (Germany), Delta Electronics (Taiwan), ABB (Switzerland), and Murata Power Solutions (US).

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