In the ever-evolving world of technology, the demand for reliable and efficient power supplies continues to increase. The global AC-DC and DC-DC power supply market is projected to grow by approximately 5% in the upcoming years, driven by various factors shaping the industry. Let’s delve into the details of this growth and its implications in the following sections.
Based on this report, the overall AC-DC and DC-DC Power Supply Market is expected to grow by around 5% in the next five years, with each application sector growing differently. The power supply market will continue to consolidate as we expect a few mergers and acquisitions towards the end of 2024.
WAWT defines the global AC-DC and DC-DC merchant power supply market as encompassing a wide range of power supply solutions designed to convert alternating current (AC) to direct current (DC) and to convert DC power from one voltage level to another.
These power supplies are utilized across a wide range of application sectors – industrial, telecom, servers, storage, networking, datacentres, medical, military, lighting, consumer and others. The LED Lighting sector was estimated to have the largest share and was also projected to grow the fastest in the next five years.
To read more about the global AC-DC And DC-DC power supply market visit https://wawt.tech/2024/05/29/the-global-ac-dc-and-dc-dc-power-supply-market-to-grow-around-5/
