The AC-DC power supply market is set to grow significantly over the next five years, according to a new report by Bharat Book Bureau.
The report indicates this market to grow from $20.0 billion in 2013 to $26.8 billion in 2018. This compounded annual growth rate (CAGR) of 6.0 percent will be due to the popularity of several traditional applications such as communications and computers.
In recent years, the AC-DC power supply market was characterized by a steady growth, but it will now grow at a very high pace due to decreasing popularity of desktop power supply market and an increase of high-growth emerging applications.
Bharat Book Bureau advises manufacturers to tap the emerging opportunities presented by the embedded power supply market for 41 applications divided among eight categories including Communications, Computers and Smart Grid.
This report indicates the communications power supply segment to have the largest dollar market over the forecast period. Applications in the consumer premises equipment sector will lead this segment.
Despite this positive prediction the report warns a slight decline in dollar market share for this segment over the forecast period as the industrial and solid state lighting segments try to compete in the market.
Projected to have both the fastest growing unit and dollar markets in this report Solid state lighting (SSL) is set to be one of the stronger areas of opportunity for the embedded power supply market.
Manufacturers can expect opportunities in the area of efficient general purpose lighting over the next several years.
Power supplies for smart grid applications will make up the fastest growing unit market and the largest area of concentration will be in the area of consumer energy consumption.
Smart Grid, Solid State Lighting (SSL) and Building Automation application segments will continue growing over three times as fast as the traditional applications such as communications and computers.
Edited by Cassandra Tucker