Industrial power supply is an essential component of any
manufacturing or industrial process. It is responsible for providing a stable
and reliable source of electrical power that is critical to the operation of
heavy machinery, production lines, and other equipment used in the industrial
sector. In this essay, we will discuss the various aspects of industrial power
supply, including its importance, types, and applications.
Industrial Power Supply
The importance of industrial power supply cannot be
overstated, as it is a crucial factor in the efficient functioning of any
industrial operation. In the absence of a reliable and stable power supply, the
productivity of the industrial process can suffer, resulting in delays,
downtime, and increased costs. A stable power supply is also essential for the
safety of the workers, as electrical hazards can pose a serious risk to their
health and well-being.
Types of Industrial
Industrial power supply comes in various forms, depending on
the specific needs of the application. The most common types of industrial
power supply include:
- AC Power Supply: AC power supply is the most common type of
industrial power supply, as it is easy to generate and transmit over long
distances. It is used in most industrial applications, including manufacturing,
transportation, and mining.
- DC Power Supply: DC power supply is used in applications
where a stable and consistent power supply is required. It is commonly used in
telecommunications, data centers, and other applications where a reliable power
source is critical.
- Uninterruptible Power Supply (UPS): UPS is used in
applications where continuous power supply is required. It provides a backup
power source in the event of a power outage, allowing the industrial process to
continue without interruption.
Industrial Power Supply
Industrial power supply has a wide range of applications,
- Manufacturing: Industrial power supply is critical in the
manufacturing process, where it powers heavy machinery, conveyor belts, and
other equipment used in production.
- Transportation: Industrial power supply is used in
transportation applications such as trains, subways, and airports, where it
powers signals, lighting, and other equipment.
- Mining: Industrial power supply is used in the mining
industry to power drilling equipment, conveyor belts, and other machinery used
in extraction and processing.
In conclusion, industrial power supply is an essential component
of any industrial process, as it provides a stable and reliable source of
electrical power that is critical to the operation of heavy machinery,
production lines, and other equipment used in the industrial sector.
Understanding the importance, types, and applications of industrial power
supply is critical to ensuring that the industrial process operates
efficiently, safely, and with minimal downtime.
Industrial Power Supply Market Dynamics
Drivers in Industrial
Power Supply Market
The industrial power supply market is influenced by various
factors, one of which is the growing demand for electric vehicles worldwide.
Unlike a decade ago, when fossil fuels, diesel, and petrol were the only fuel
options, mild hybrid electric vehicles (MHEVs), hybrid electric vehicles
(HEVs), and battery electric vehicles (BEVs) have now been introduced in the
market. This has led to a significant rise in the demand for electric vehicles
across the world, primarily driven by the governments of different countries,
including India, China, the US, France, and the UK, who are committed to
reducing carbon emission levels by promoting the use of eco-friendly vehicles.
To encourage the adoption of electric vehicles, governments
are offering several incentives, and are also working on developing public
electric vehicle charging infrastructure. DC-DC converters play a critical role
in electric vehicles by regulating the voltage levels generated by the
batteries, based on the power requirements of different automotive systems.
These converters not only improve power flow and energy efficiency but also
reduce fuel consumption and increase vehicle output power per unit volume. They
are a reliable option for vehicles with limited space due to the deployment of
excessive electronics because they are lightweight, compact, highly efficient,
and have low electromagnetic interference and fewer current/voltage ripples.
DC-DC converters are crucial for electric vehicles to interface fuel
cells/batteries or supercapacitor modules to the DC-link, and are expected to
drive the industrial power supply market during the forecast period.
However, the COVID-19 pandemic has negatively impacted the
industrial power supply market, as the demand for power supply products has
decreased significantly. Governments worldwide have restricted many business
activities to minimize the spread of the virus, which has affected the
renewable energy sector's expansion plans. Many companies had to shut down
their manufacturing facilities and services as partial or full lockdowns were
imposed to contain the pandemic, leading to increased procurement costs of raw
materials due to the shortage of supplies. Ultimately, this has led to delays
in order closures, negatively impacting the demand for industrial power supply
solutions in the short term.
Industrial Power Supply Market
The increasing adoption of High-Voltage Direct Current
(HVDC) and renewable energy sources is a trend that is being observed in many
regions around the world, including the Americas, Asia, and Europe. The
traditional method of power transfer, which involves AC-DC conversion, leads to
significant power loss ranging from 5-20%. The UHVDC transmission scheme is a
cost-effective alternative to AC transmission, with HVDC lines experiencing
only around 3.5% power loss per 1,000 km compared to 6.7% for AC lines at
similar voltage levels. Hence, the use of DC power sources is gaining
popularity and could be a better solution in the future.
Renewable energy sources such as solar and wind are also
being increasingly utilized, with the International Energy Agency (IEA)
reporting an increase in the share of renewable energy in the global power
generation mix from 22% in 2013 to 29% in 2020. China accounted for nearly half
of the total renewable power capacity growth in 2020, with this figure expected
to reach 58% by the end of 2022. As renewable sources supply DC energy, which
can be stored in batteries, they are compatible with the use of HVDC, further
promoting the adoption of these technologies.
However, the increasing adoption of HVDC and renewable
energy sources, as well as the varying regulatory and safety standards across
different regions, are expected to hinder the growth of the AC-DC power supply
market in the near future. Moreover, the design considerations for input power
and non-standard AC and DC inputs are projected to pose challenges to the power
supply market in the forecast period of 2022-2029.
This power supply market report offers a comprehensive
analysis of various aspects of the market, including new developments, trade
regulations, import-export analysis, production analysis, value chain
optimization, market share, domestic and localized market players' impact,
emerging revenue pockets, market regulations changes, strategic growth
analysis, market size, category market growths, application niches and
dominance, product approvals, product launches, geographic expansions, and
technological innovations. For more information on the power supply market,
contact Data Bridge Market Research for an Analyst Brief, where our team will
help you make informed market decisions to achieve market growth.
Industrial Power Supply Market
The industrial power supply market faces challenges due to
the availability of inexpensive products of inferior quality in the gray
market. The market is highly fragmented with several local and international
players. Manufacturers in the organized sector mainly target industrial buyers
and maintain superior product quality by adhering to various industrial
standards. On the other hand, local Chinese manufacturers and other players in
the unorganized sector offer cheaper but low-quality alternatives to enter
untapped local markets. This results in intense competition, with local manufacturers
offering products that emit toxic gases when exposed to heat or fire. Gray
market players often outperform big players in terms of price competitiveness
and local distribution network, posing a significant challenge for the
industrial power supply market.
During the forecast period, the robotics segment is expected
to grow at the highest compound annual growth rate (CAGR) of 7.9%. Industrial
power supplies find applications in various robotics systems such as factory
and warehouse automation systems, goods handling and transportation systems,
manufacturing and packaging systems, and automated assembly systems. This
growth is attributed to the increasing demand for automation in various
industries and the need for reliable and efficient power supplies to support
Industrial Power Supply Market
Opportunities are arising in the market due to the
increasing demand for unmanned aerial vehicles (UAVs) and the growing adoption
of the Internet of Things (IoT) in various sectors. IoT has been increasingly
adopted by mainstream businesses in recent years, with industries such as
manufacturing, mobility, energy, retail, and healthcare utilizing IoT to
improve their operations. As a result of this increasing demand for IoT, Murata
Manufacturing Co. Ltd. has introduced compact and low-profile DC-DC converters,
PoE IEEE 8.2.3bt, which provide maximum power supply over LAN cables and enable
the transfer of larger volumes of data in a faster and more efficient manner,
resulting in better connectivity.
The aerospace industry is also experiencing significant
growth, with the rise in unmanned aerial vehicles (UAVs) and satellite
operations leading to an increase in related applications. As the drone market
expands across various regions due to rising military operations, the demand
for DC-DC converters in such remotely controlled aircraft will increase.
Standardized flow of electricity toward various parts of the UAVs is crucial to
avoid chances of errors. The efficiency of UAV operations can be increased with
the use of power DC-DC converters. The demand for DC-DC converters will
continue to rise during the forecast period due to the increasing demand for
drones in military, agriculture, logistics, and transportation. Power
electronics companies are also focusing on manufacturing more efficient DC-DC
converters for the aerospace industry. Vicor Power (US) announced its support
to Boeing (US) for the manufacture of the O3b mPOWER satellite in January 2021.
The DC-DC converter used in the satellite is the first radiant fault-tolerant
converter with a form factor of SM-Chip, capable of working even in low-power
The global industrial power supply market has been segmented
by output power into five categories, namely 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). Among these, the very low output segment (up
to 500 W) is expected to be the most significant contributor to the market
during the forecast period. The market's growth in this segment is primarily
driven by the increasing adoption of automation solutions and digital
technology by industries in China, India, and Japan.
In terms of regional analysis, the Asia Pacific region is
expected to dominate the global industrial power supply market from 2022 to
2027, followed by North America and Europe. The region's substantial market
size can be attributed to China and Japan's growing interest in industrial
automation and the rising adoption of electric vehicles in the region.
Key Players in Industrial Power Supply Market
- TDK LAMBDA
- DELTA ELECTRONICS
- MURATA POWER SOLUTIONS
- BEL FUSE
- ADVANCED ENERGY
- ASTRODYNE TDI
- TRACO POWER
- XP POWER
- MEAN WELL
- MTM POWER
- PHOENIX CONTACT
- AMARA RAJA POWER SYSTEMS
- INVENTUS POWER
Recent Developments in Industrial Power Supply Market
The industrial power supply market has witnessed several
recent developments in terms of technological advancements, collaborations, and
partnerships among key players. Here are some of the notable developments in
The industrial power supply market has recently witnessed
several noteworthy developments. In January 2022, ABB acquired InCharge Energy,
an electric vehicle (EV) commercial charging infrastructure solutions company,
to strengthen its E-mobility Division in the North American market. The
acquisition of InCharge Energy is expected to expand ABB's customer base and
enhance its fleet electrification software and digital services offering.
In December 2021, Delta Electronics acquired Universal
Instruments, an automation solution company, to boost its smart manufacturing
and industrial automation capabilities. This acquisition is expected to
generate significant research and development and customer base synergies for
In January 2019, TDK Lambda acquired Nextys, a company that
designs and manufactures DIN rail power supplies and accessories. TDK Lambda
aimed to strengthen its market position in DIN rail power supplies through this
In August 2018, Murata Power Solutions acquired Calex
Manufacturing, Inc., located in Concord, California. This acquisition enabled
Murata Power Solutions to expand its product line and offer a broader range of
power supply products to its customers.
Technological Advancements: With the increasing demand for
energy-efficient and reliable power supplies, several key players are focusing
on developing advanced power supply technologies. For instance, in 2021, TDK
Corporation launched a new DC-DC converter that offers high power density and
low acoustic noise. The converter is specifically designed for use in electric
and hybrid vehicles, and other industrial applications.
Collaborations and Partnerships: Key players in the
industrial power supply market are collaborating with other companies to expand
their market presence and offer advanced power supply solutions. In 2021, Bel
Power Solutions announced a collaboration with FSP Group to jointly develop and
distribute high-efficiency power supply solutions for various industrial
Increasing Demand for Renewable Energy: The growing demand
for clean energy sources is driving the adoption of renewable energy systems
such as solar and wind power. As a result, there is an increasing demand for
reliable and efficient power supplies to support these systems. In 2021, ABB
announced the launch of its new PVS-175-TL string inverter for use in
large-scale solar power plants. The inverter offers high efficiency and is
designed to support the growing demand for renewable energy.
Government Initiatives: Governments worldwide are
implementing various initiatives to promote the adoption of clean energy
sources and reduce carbon emissions. These initiatives are driving the demand
for energy-efficient power supplies for use in various industries. For
instance, in 2021, the Indian government announced plans to invest in the
development of a domestic manufacturing ecosystem for renewable energy systems,
which is expected to drive the demand for power supplies.
Overall, the industrial power supply market is witnessing
significant developments and is expected to grow in the coming years, driven by
technological advancements and increasing demand for energy-efficient and
reliable power supplies.