Germany industrial power supply market is estimated to grow at a CAGR of 4.8% during the forecast period. The rising food and beverage industry is one of the key factors contributing to market growth. The food and beverage sector in Germany is the fourth largest industry sector in the country, creating a manufacturing value of nearly $215.7 billion in 2017. Germany’s food and beverage sector are characterized by small and medium enterprises (SMEs) of over 6,000 companies that employ a workforce of nearly 600,000. This results in an increasing demand for industrial power supplies that are destined for severe environments as then have a very small size and can withstand high temperatures. Some important parameters that need to consider while evaluating the reliability and quality of switching power supplies. These parameters comprise permissible operating temperature, efficiency, ambient temperature, thermal management, and derating curves for input voltage and bridging time in the event of a power failure.

The market is segmented based on material and vertical. Based on product type, the market is classified into AC-DC converter, DC-DC converter, and DC-AC inverter. Based on vertical, the market is classified into food and beverage, energy and utilities, telecom & IT, transportation, consumer electronics, aerospace and defense, healthcare, and others. Rising military spending to offer an opportunity for power supply devices in the country. In 2019, Germany’s military spending increased by 10%, to $49.3 billion. This results in an increasing demand for military land vehicles that require power supplies that are ultra-reliable for mission-critical electrical equipment. Therefore, rugged solutions can be offered with mechanical modifications for the protection of the power supply against humidity, shock, and vibration.

Some prominent players in the market include ABB Ltd., Siemens AG, TDK Corp., and Phoenix Contact. Product launches and mergers and acquisitions are some pivotal strategies implemented by the market players to enhance their position in the marketplace. For instance, in September 2020, Conrad Electronic declared the expansion of the DC-DC converter range from TDK-Lambda Germany. Conrad entered into a strategic partnership agreement with manufacturer TDK-Lambda Germany. This agreement will support making a successful business relationship between these companies to the next level and emphasizes its expertise and superior performance in the e-commerce sector. TDK Lamba is focusing on significantly reinforcing its positioning and presence within the DC-DC converter market. Therefore, this agreement will enable the firm to achieve this objective. 

Research Methodology

The market study of the Germany industrial power supply market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany Industrial Power Supply Market Research and Analysis by Product Type
2. Germany Industrial Power Supply Market Research and Analysis by Vertical

The Report Covers

• Comprehensive research methodology of the Germany industrial power supply market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Germany industrial power supply market.
• Insights about market determinants that are stimulating the Germany industrial power supply market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.