- Power supplies are essential components used to convert and regulate electric power for a wide range of end-use applications including industrial automation, consumer electronics, telecommunications, and healthcare equipment
- The demand for power supplies is significantly driven by the accelerating shift toward energy-efficient systems and the electrification of industrial processes.
- For instance, TDK Corporation launched a new series of AC-DC power supplies (CUS400M) in February 2024, designed for medical and industrial applications, emphasizing efficiency and compact design. Such developments reflect growing industry needs for flexible and high-performance solutions
- North America dominates the power supply market, driven by advanced infrastructure, high adoption of renewable energy solutions, and a strong presence of key market players in the region
- Globally, power supplies are increasingly central to the deployment of renewable energy systems and electric vehicles
