Published On : 19 Jun 2018
In the recent times, the focus on energy conservation has augmented substantially, leading to a significant rise in the demand for energy conservation solutions. This, consequently, has led to an exceptional growth in the global market for AC and DC power sources. Going forward, the advancements in technologies are likely to support the growth of this market significantly in the near future.
Semiconductor Fabrication Industry to Continue to Report Strong Demand
Broadly, the global market for AC and DC power source is analyzed on the basis of the products and the application. Based on the application, the market is categorized into the semiconductor fabrication, automotive electronics test, industrial production, university and laboratory, and the medical industry. The semiconductor fabrication industry has surfaced as the key application area of AC and DC power source and the trend is anticipated to remain so in the near future. Based on the product, the market is classified into 0.5 KW, 0.5-1 KW, 1-5 KW, 5-10 KW, and above 10 KW.
Europe to Continue to Dominate
On the basis of the geography, the worldwide market for AC and DC power source reports its presence across North America, China, Europe, Southeast Asia, Japan, and India. North America has been leading the global market and is anticipated to remain on the topmost position over the next few years. The presence of a well-established infrastructure and a large pool of leading vendors are the key factors behind the growth of this regional market. Among others, China and Japan have surfaced as the most promising regional markets for AC and DC power source. The advancements in the technologies are likely to open new avenues for growth of these markets in the near future. Europe is also projected to retain its position in the global market over the next few years.
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Players Focusing on Introducing Innovative Products to Gain More Consumers
The global market for AC and DC power source is highly competitive with a large number of companies taking up strategic alliances and mergers and acquisitions, in a bid to expand their reach. AMETEK Programmable Power, Maynuo Electronic, Rigol Technologies, GW Instek, Kikusui, Keysight Technologies, Puissance Plus, Magna-Power Electronics, Inc., EA Elektro-Automatik, Versatile Power, Delta Elektronika, B&K Precision, TDK-Lambda, Kepco Inc, Intepro Systems, Acopian Technical Company, National Instruments Corporation, NF Corporation, CHROMA ATE INC., ITECH Electronic Co.,ltd, EPS Stromversorgung GmbH, Ainuo Instrument, and TEKTRONIX, INC. are some of the established vendors of AC and DC power source across the world. These players are emphasizing more on introducing new and innovative products in this market to raise their consumer count.
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