The global DIN rail power supply market is experiencing steady growth, driven by the increasing adoption of industrial automation, rising demand for reliable and efficient power solutions, and expanding applications in manufacturing, energy, and transportation sectors. DIN rail power supplies are widely used in industrial control systems, process automation, and building management due to their compact design, ease of installation, and high efficiency. The market is further supported by the growing shift towards smart factories and Industry 4.0, which require robust power solutions to support automation and IoT-enabled devices.
Global DIN Rail Power Supply Market is valued at USD 953.18 million in 2023 and is expected to reach USD 1,260.90 million by 2031, with a growing at a CAGR of 3.6% during the forecast period 2024 to 2031.
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Below are the Top DIN Rail Power Supply Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Siemens
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Siemens is a global powerhouse focusing on electrification, automation, and digitalization. In the DIN rail power supply sector, Siemens offers a comprehensive range of products designed for reliability and efficiency in industrial applications.
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe
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In October 2024, Siemens partnered with Alliander to enhance flexible grid management in the Netherlands, utilizing the Gridscale X platform to improve grid utilization by up to 30 percent. This collaboration addressed challenges related to the energy transition and helped manage increased customer demand for connections.
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2.
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ABB
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ABB is a Swiss-Swedish multinational corporation operating in robotics, power, heavy electrical equipment, and automation technology areas. Formed in 1988 through the merger of ASEA (Sweden) and BBC (Switzerland), ABB provides a wide array of industrial solutions, including DIN rail power supplies known for their robustness and efficiency.
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe
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In May 2024, The Company revealed it had signed an agreement to acquire Siemens' Wiring Accessories business in China, enhancing its position in the wiring accessories market. This acquisition broadened ABB’s reach in smart buildings and provided access to a vast distribution network across 230 cities
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3.
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MEAN WELL Enterprises Co., Ltd.
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MEAN WELL is a Taiwanese company recognized as a leading manufacturer of standard power supply products. Their DIN rail power supplies are widely used in various industrial applications, valued for their quality and reliability.
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe
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In October 2023, MEAN WELL has launched the DDRH-120/240 series, ultra-wide 250~1500Vdc DIN rail DC-DC converters. Featuring a fanless design, high isolation, and excellent EMC performance, these converters are ideal for renewable energy applications, including photovoltaics and energy storage systems.
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4.
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Schneider Electric
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Schneider Electric is a French multinational corporation specializing in energy management and automation solutions. Their DIN rail power supplies are integral to their extensive portfolio, offering reliable power solutions for industrial and commercial applications.
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North America, South America, Africa, Asia-Pacific, and Europe
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In June 2024, Schneider Electric launched the PowerLogic P7 digital power and control platform in South Africa, designed for complex and high-demand applications. The new platform replaced legacy protection relays, combining features from multiple product ranges into a single tool.
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5.
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Phoenix Contact
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Phoenix Contact is a German manufacturer specializing in industrial automation, interconnection, and interface solutions. Founded in 1923, the company offers a range of products, including DIN rail power supplies, known for their quality and innovation in industrial applications.
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe
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In February 2024, Phoenix Contact's new extensions for ME-IO and ICS DIN rail connectors simplify the implementation of multi-module systems, enabling seamless communication across levels.
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Conclusion
The global DIN rail power supply market is poised for sustained growth as industrial automation and smart manufacturing continue to expand. Increasing investments in energy-efficient and reliable power solutions, coupled with advancements in power electronics, are expected to drive market adoption. While regulatory challenges and competition from alternative power systems exist, ongoing innovations in compact and high-efficiency power supplies will support market growth.
