Significant Military Spending to Drive the North American Industrial Power Supply Market

North American industrial power supply market is estimated to grow at a CAGR of 5.0% during the forecast period. Significant military spending is one of the major factors accelerating market growth. For instance, according to the Stockholm International Peace Research Institute (SIPRI), the US military expenditure increased for the first time in seven years to reach $649 billion in 2019, which makes it the world’s largest military spender. This results in an increasing demand for the military ground vehicle to carry out some military operations. In June 2017, VPT Inc. in Blacksburg, Virginia, US is launching the dual output VXR series DC-DC converters for applications ranges from military ground vehicles to military and commercial aircraft. 

Browse the full report description of "North American Industrial Power Supply Market Size, Share & Trends Analysis Report, By Product Type (AC-DC Converter, DC-DC Converter, and DC-AC Inverter), By Vertical (Food and Beverage, Telecom & IT, Transportation, Energy and Utilities, Consumer Electronics, Aerospace and Defense, Healthcare, and Others) and Forecast, 2020-2026" at https://www.omrglobal.com/industry-reports/north-american-industrial-power-supply-market

Such high-reliability commercial off-the-shelf (COTS) products characterize advanced packaging technology and broad input voltage ranges for operation in challenging environments. The VXR series comprises dual and single-output offerings from 7 to 100 Watts and 2-to-20-amp EMI filters. The single-output converters fulfill the 100-volt surge need of MIL-STD-1275 and DO-160. The 100-volt surge operation is accomplished without incorporating outside components to the converters.

Scope of the North American Industrial Power Supply Market

Market Coverage

• Market number available for 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- By Product Type and Vertical
• Countries Covered- US and Canada
• Competitive Landscape- XP Power, ABB Ltd., Murata Power Solutions, Siemens AG, and TDK Corp.

Recent Strategic Initiatives in the North American Industrial Power Supply Market

• In May 2019, Cooler Master, declared the availability of the new V Gold power supply unit, offering a new and improved series of power supply units for the next generation of high-end PC builders. Available in the US and Canada in two wattage levels, 650W and 750W, the new V Gold power supply unit feature a semi-fanless mode that supports the 135mm fan at 40% load. The users can manually de-activate the semi-fanless mode through the hybrid switch located at the rear of the power supply unit. 
• In June 2018, Murata declared the 1 kW DRQ-11.4/88-L48 series of quarter brick, intermediate bus, DC/DC converter modules that meet the increasing power requirements of high-reliability networking and telecommunications infrastructure equipment. 

Key questions addressed by the report

• What is the market growth rate?
• Which segment/country dominates the market in the base year?
• Which segment/country will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID forecast

o Most affected segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

North American Industrial Power Supply Market-Segmentation

By Product Type

• AC-DC Converter
• DC-DC Converter
• DC-AC Inverter

By Vertical

• Food and Beverage
• Energy and Utilities 
• Telecom & IT
• Transportation
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others

North America Industrial Power Supply Market– Segment by Country

• US
• Canada