AC power sources are devices that generate and deliver
alternating current (AC) electrical power to different types of equipment and
systems. They are commonly used in industries such as manufacturing,
automotive, aerospace, and telecommunications, among others. AC power sources
are crucial in powering electrical devices, ensuring that they operate
efficiently and reliably.
AC power sources can be classified into two main categories:
fixed frequency and variable frequency. Fixed-frequency power sources operate
at a specific frequency, usually 50 or 60 Hz, and are commonly used for
applications that require a constant power output. On the other hand,
variable-frequency power sources can operate at different frequencies and are
ideal for applications that require variable power output, such as variable
speed drives for motors.
AC power sources are available in different sizes, ranging
from small portable units to large stationary systems. Portable AC power
sources are convenient for applications that require mobility, such as field
testing and on-site troubleshooting. Stationary AC power sources, on the other
hand, are suitable for applications that require high power output and constant
operation, such as industrial automation and production lines.
One of the key features of AC power sources is their ability
to generate high-quality electrical power that meets specific industry
standards. This ensures that the power delivered to electrical devices is
stable and free from interference, which can cause malfunctions or damage to
the equipment. Additionally, AC power sources can be designed to have advanced
features such as programmable output, remote monitoring, and self-diagnostic
capabilities.
The use of AC power sources has become increasingly
important in the development and testing of new technologies, particularly in
the automotive and aerospace industries. AC power sources are used to test and
simulate various electrical conditions that occur in these industries, such as
power surges, voltage fluctuations, and electromagnetic interference. This
helps to ensure that new products are reliable and meet industry standards
before they are released to the market.
In conclusion, AC power sources play a critical role in
various industries, providing stable and reliable power to electrical devices
and systems. They come in different sizes and types to cater to different
applications and can be designed to have advanced features that improve their
functionality. As technology continues to evolve, AC power sources will remain
an essential component in the development and testing of new products, ensuring
that they meet the required standards for performance and reliability.
AC Power Sources Market Dynamics
Drivers in AC Power
Sources Market
The AC Power Sources market is expected to see significant
growth in the upcoming years due to a variety of driving factors. The sales of
electric vehicles are increasing worldwide, leading to a surge in the
production of equipment used in renewable power generation, avionics, and
electric vehicles. The trend towards Industry 4.0 is also contributing to the
growth of the AC Power Sources market. The smart factory initiatives are
creating new opportunities for efficiency and flexibility by streamlining
different processes, information streams, and stakeholders. The development of
these devices requires high-power AC power sources that can perform complex
operations with ease.
The emphasis on clean energy generation and emission control
has resulted in an increase in renewable power generation. Devices like PV
inverters need to undergo extensive testing to get certified for grid-tied
operation under adverse line conditions. The aerospace & defense sector is
also growing due to developments like Unmanned Aircraft Systems (UAS), UAVs,
and air traffic control systems. These complex systems require high power
density and lightweight AC power sources for standard compliance testing,
accuracy, and reliability testing, which further boosts the demand for AC power
sources.
The automotive industry is shifting towards the
manufacturing of electric vehicles, which in turn creates a demand for efficient
electric motors and EV charging stations. The significant risks and costs
associated with any failure in the automotive industry have resulted in a need
for high testing levels compared to normal product reliability testing. The
rising technological advancements and increasing automation across industries
are also driving the demand for AC power sources.
Restraints in AC
Power Sources Market
The AC power sources market faces a significant restraint in
the form of higher R&D and testing rates in developed economies. Mature
markets are characterized by established industry players with R&D
laboratories and manufacturing facilities in countries such as Germany, the UK,
and the US. As a result, few new companies enter the market, and innovation takes
place slowly. Furthermore, competitors in mature markets have more familiarity
with the industry, business operations, and customers, making it challenging
for new entrants to establish themselves. The costs to enter a mature market
successfully are usually high, which puts new entrants at a strategic
disadvantage.
However, AC power sources have a long life span of 5 to 10
years, with repair, maintenance, and recalibration services offered by the
respective original equipment manufacturers (OEMs). AC power sources are used
in various applications such as LED light production lines, medical equipment
testing, home appliances, and avionics and marine equipment testing. The
efficiencies of AC power sources exceed 90%, incurring negligible power loss.
Despite the benefits, the growth of the AC power sources
market is restricted to some extent due to the quality products being expensive
and the larger penetration of local vendors. Lack of safety factors also acts
as a restraining factor in the growth of the market. Nevertheless, the use of
power transformers to amplify voltage and enable distribution and transmission
is boosting the growth of the AC market.
Furthermore, rising focus on energy-efficient business
operations is fueling the demand for AC power sources. The growth in renewable
energy is also increasing the demand for AC power supply for testing and
manufacturing equipment used in renewable energy generation. Overall, while the
AC power sources market faces some restraints, there are significant growth opportunities
driven by emerging trends and technological advancements.
Opportunities: Smart
City Implementation
The concept of smart cities aims to tackle potential
complexities and costs related to urbanization by utilizing information and
communication technology (ICT) to enhance equipment energy efficiency. By
integrating ICT, companies can gain a data-driven understanding of both
customers and employees, which aligns with their sustainability action plan and
overall strategic objectives. Smart city development is expected to drive
innovation in industries such as automotive, manufacturing, consumer
electronics, wireless communication, and green building infrastructure, leading
to a surge in demand for AC power source devices.
Challenges: Cheap
Products Availability
The AC power source market is highly competitive, with both
local and international players. Manufacturers differentiate themselves by
emphasizing product quality. The organized sector targets industrial buyers and
maintains superior quality by adhering to various industrial standards.
Conversely, local Chinese manufacturers in the unorganized sector offer cheaper
alternatives to enter untapped local markets. These manufacturers aim to
compete with global suppliers in their respective markets, which has resulted
in stiff competition and challenges for the leading market players.
Additionally, the gray market players supply cheaper, low-quality power supply
products that emit toxic gases when exposed to fire, overpowering the
established players in price competitiveness and local distribution network,
posing a significant challenge for the big players in the AC power source
market.
General Insights of AC Power Sources Market
A three-phase AC power supply system comprises of four
wires, including three semiconductors and one neutral wire. The transfer
capacity of a three-phase system is greater than that of a single-phase system,
owing to the equal distribution of load and a continuous flow of power at a
constant rate. This type of power supply offers several advantages, such as
enhanced operator safety, higher conductor efficiency, and the ability to
handle heavy loads. These benefits ultimately lead to increased productivity
and a better load carrying capacity. A variety of applications such as avionics,
mass production, laboratory testing, remote computer-based systems, industrial
high-power motors, quality verification, oilfield instrumentation, network
communication, and audio and video equipment use a three-phase power source.
The PWM segment is projected to be the fastest-growing
market in the global AC power sources market during the forecast period. The
market has been segmented into PWM and linear, and PWM is expected to have the
highest CAGR during the forecast period. The growth of the PWM market is due to
the increasing demand for switch mode power supplies, which provide high
efficiency and a compact size.
The Asia Pacific is expected to be the fastest-growing AC
power sources market. The region has lucrative growth opportunities due to the
presence of a significant number of manufacturers of consumer electronics,
automotive, and energy companies with their research and manufacturing
facilities. Additionally, China and Japan are known for their technological
innovations and manufacturing processes. Furthermore, the region's market is
likely to receive a boost from increasing government focus on renewable power
generation, growth in the production of equipment used in renewable power
generation, development of smart cities, and the growing consumer electronics
industry. North America and Europe are also expected to provide substantial
growth opportunities during the forecast period.
Key Players in AC Power Sources Market
- KEYSIGHT TECHNOLOGIES
- CHROMA ATE
- AMETEK
- PACIFIC POWER SOURCE
- MATSUSADA PRECISION
- ADAPTIVE POWER SYSTEMS
- KIKUSUI ELECTRONICS CORPORATION
- GOOD WILL INSTRUMENT
- REGATRON
- AC POWER CORPORATION
- B&K PRECISION CORPORATION
- AINUO INSTRUMENTS
- ORBIT INTERNATIONAL
- IKONIX
- APLAB LIMITED
- NH RESEARCH
- NF CORPORATION
- SOPHPOWER ELECTRONICS
- ET SYSTEM ELECTRONIC GMBH
- ITECH ELECTRONIC
Recent Developments in AC Power Sources Market
The AC power sources market has witnessed several recent
developments. In November 2021, Chroma introduced a new product called Chroma
61800-100 Regenerative Grid Simulator, which offers 105 kVA high-power AC power
supply solutions for EVSE testing. Similarly, in March 2021, Keysight launched
the SL1200A Series Scienlab Regenerative 3-phase AC emulators for electric
vehicle charging and grid-tied applications. Another noteworthy development was
in April 2019, when Pacific Power Source introduced the ADF Series of AC power
sources. This series offers cost-effective, stable, and well-regulated AC power
conversion in frequencies ranging from 45 to 500 Hz, available in both single-
and three-phase models. In July 2018, AMETEK developed MIL-STD-1399 300 Revision
B, which is an electrical interface designed for shipboard and submarine
equipment. These recent developments showcase the market's continuous evolution
and the players' efforts to offer innovative and cost-effective solutions to
meet the increasing demand for AC power sources.
The AC power sources market has been witnessing significant
growth in recent years, owing to the increasing demand for reliable power
supply across various industries. AC power sources are used for various
applications such as testing, industrial high-power motors, oilfield
instrumentation, avionics, and audio and video equipment.
In recent developments, the global AC power sources market
has witnessed the introduction of several advanced technologies. One such
technology is Pulse Width Modulation (PWM), which is expected to be the fastest
growing market for the AC power sources market during the forecast period. The
rising demand for PWM in switch mode power supplies due to its high efficiency
and compact size is a prime reason for the growth of this market.
Another recent development in the AC power sources market is
the increasing focus on energy-efficient business operations, which is fueling
the demand for AC power supplies. AC power sources have high efficiencies
exceeding 90%, which incurs negligible power loss. The market is expected to
witness substantial growth owing to the growing demand for energy-efficient
solutions in various end-use industries.
Moreover, the Asia-Pacific region is expected to emerge as
the fastest-growing market for AC power sources during the forecast period.
China and Japan are the major countries known for their innovations in
technology and manufacturing processes, offering lucrative growth
opportunities. Additionally, the increasing government focus on renewable power
generation, rise in production of equipment used in renewable power generation,
development of smart cities, and growing consumer electronics industry in the
region are some of the factors driving the growth of the market in the
Asia-Pacific region.
Overall, the AC power sources market is expected to witness
significant growth in the coming years, owing to technological advancements,
increasing demand for energy-efficient solutions, and the emergence of new
growth opportunities in developing economies.
1.
Research Sources
We at Zettabyte Analytics have a
detailed and related research methodology focussed on estimating the market
size and forecasted value for the given market. Comprehensive research
objectives and scope were obtained through secondary research of the parent and
peer markets. The next step was to validate our research by various market
models and primary research. Both top-down and bottom-up approaches were
employed to estimate the market. In addition to all the research reports, data
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segments and sub-segments.
Research Methodology

1.1. Secondary Research
The secondary research study involves various sources and databases used
to analyze and collect information for the market-oriented survey of a specific
market. We use multiple databases for our exhaustive secondary research, such
as Factiva, Dun & Bradstreet, Bloomberg, Research article, Annual reports,
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makes an extensive and unique segmentation related to the latest market
development.
1.2. Primary Research
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experts through a detailed questionnaire, emails, telephonic interviews, and
web-based surveys. The primary interviewees for this study include an expert
from the demand and supply side, such as CEOs, VPs, directors, sales heads, and
marketing managers of tire 1,2, and 3 companies across the globe.
1.3. Data Triangulation
The data triangulation is very important for any market study, thus we
at Zettabyte Analytics focus on at least three sources to ensure a high level
of accuracy. The data is triangulated by studying various factors and trends
from both supply and demand side. All the reports published and stored in our
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1.4. In-House Verification
To validate the segmentation
and verify the data collected, our market expert ensures whether our research
analyst is considering fine distinction before analyzing the market.
1.5. Reporting
In the end,
presenting our research reports complied in a different format for straightforward
valuation such as ppt, pdf, and excel data pack is done.