The Industrial Power Supply Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Industrial Power Supply Market?
The historical growth pattern in the Industrial Power Supply market shows that it expanded robustly in recent times. The market size rose from $9.29 billion in 2024 to $9.97 billion in 2025, marking a compound annual growth rate (CAGR) of 7.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Industrial Power Supply Industry?
The Industrial Power Supply market is predicted to expand to a value of $13.65 billion in 2029, with a compound annual growth rate (CAGR) of 8.2%.
Download Your Free Sample of the 2025 Industrial Power Supply Market Report and Uncover Key Trends Now!
What are the Key Growth Drivers Fueling the Industrial Power Supply Market?
The key drivers in the industrial power supply market are:
• Adoption of industry digitization and Internet of Things (IoT)
• Integration of renewable energy sources
• Transition to electric vehicles
• Expansion of smart manufacturing and Industry 4.0 initiatives
Global Market Segmentation: Identifying Major Industrial Power Supply Industry Segments
The industrial power supply market covered in this report is segmented –
1) By Product Type: AC-DC Converters, DC-DC Converters
2) By Output Power: 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), Very High Output (75-150 kW)
3) By Vertical Type: Transportation, Semiconductor, Military And Aerospace, Robotics, Test And Measurement, Industrial 3-D Printing, Battery Charging And Test, Automotive, Energy, Other Verticals
Pre-order the 2025 Industrial Power Supply Global Market Report for Fast Delivery & Comprehensive Insights!
What are the Emerging Trends Shaping the Future of the Industrial Power Supply Market?
The key trends in the industrial power supply market are:
• The adoption of Industry 4.0 and smart manufacturing techniques is shaping the future of the industrial power supply market.
• There is an emerging trend of integrating renewable energy sources in the industrial power supply sector.
• Advancements in material technologies and product innovations are significantly affecting the market.
• The market is also influenced by strategic collaborations and the implementation of IoT-based solutions.
Who Are the Top Competitors & Leading Players in the Industrial Power Supply Market?
Major companies in the industrial power supply market are:
• Siemens AG
• Delta Electronics Inc.
• ABB Ltd.
• Murata Manufacturing Co. Ltd.
• Bel Fuse Inc.
• Advanced Energy Industries Inc.
• XP Power PLC
• Mean Well Enterprises Co. Ltd.
• COSEL Co. Ltd.
• Amara Raja Power Systems Limited
• Astrodyne TDI Inc.
• MTM Power GmbH
• Phoenix Contact GmbH & Co. KG
• GlobTek Inc.
• Excelsys Technologies Ltd.
• FSP Group
• HiTek Power GmbH
• Lambda Americas
• LHV Power Corp.
• Mornsun Power Supply
• Powerbox International AB
• Triad Magnetics
• Axiomatic Technologies Corp
• Neeltran Inc.
• Mingston Electronics Inc.
• Schneider Electric SE
• PULS GmbH
• RECOM Power Inc.
• Sager Electronics
• Schaefer Inc.
• SynQor Inc.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the industrial power supply market share in 2024
