AC Power Sources Market
AC Power Sources Market is anticipated to witness a boom over the forecast period, owing to the growing demand for production equipment used in electric vehicles and consumer electronics.
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Strategic government initiatives across the leading nations, increasing investment in smart city, and growing emphasis on energy effective business operations are some major drivers fueling the AC power sources market. The surging use of equipment across renewable power production, avionics, and electric vehicles, accelerating population, and deployment of consumer electronic products will bolster the AC Power Sources Market size.
By Phase Type, the three-phase segment is anticipated to lead the market during the forecast period because of its enhanced safety, ability to function on high loads. Also, as per the AC Power Sources Market analysis, the augmenting adoption for three phase AC power supply for laboratory testing, faster authorization, and audio & video equipment have driven the market growth.
By Modulation Type, the Pulse Width Modulation (PWM) segment is predicted to expand at a higher CAGR over the forecast period, owing to the growing use of PWM across different application like home appliance, LED light production line, avionics, medical equipment testing and AC motors. Also, the compact size and cost-efficiency of PVM as compared to linear Ac power supply will drive the AC Power Sources Market growth.
By Application, the energy segment will witness a promising growth during the forecast period, owing to the expansion in inexhaustible energy and surging demand for AC power supply for manufacturing equipment used in renewable energy sources.
Key Development:
In Dec 2019, Good Will Instrument launched ASR-2000 Series Programmable AC/DC Power Source aiming for system integration or desktop applications, providing both rated power output for AC output and rated power output for DC output.
In Oct 2019, Ametek launched programmable AC and DC power test solutions; 18kVA power source. It stands behind the quality and reliability of the Asterion line of AC/DC power sources.
AC Power Sources Market Segmentation:
AC Power Sources Market by Phase Type
· Single Phase
· Three Phase
AC Power Sources Market by Modulation Type
· Pulse Width Modulation (PWM)
· Linear
AC Power Sources Market by Application
· Consumer Electronics & Appliances
· Automotive
· Wireless Communication & Infrastructure
· Energy
· Others
AC Power Sources Market by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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