DC Power Supplies Market Share

North American Market Forecast

The North America DC power supplies market is anticipated to have largest share of about 33% during the forecast period backed by the boom in the aerospace and defense markets. In 2021, there were around 328 million people in North America who subscribed to a cell phone service. Furthermore, this region is also seeing a rise in the number of consumers using electronic devices that are expected to boost market growth. Numerous technical developments such as the Internet of Things (IoT), and connecting electronic equipment, have also helped to support growth in the North American market. A number of devices, e.g. laptops, smartphones, and tablets in the region, rely on DC power sources to keep the voltage constant so that they can be provided with their demand.

APAC Market Statistics

The Asia Pacific DC power supplies market is estimated to be the second largest with about 28% market share during the forecast period. The Asia Pacific region is projected to be the dominant market due to strong demand for electronic products such as white goods and portable medical devices in addition to regional growth of digitisation and automation. Additionally, it is anticipated that India's electronics manufacturing will expand as a result of the rising demand for DC power supplies being driven in part by the growing use of cell phones, electronic goods, IT equipment, electronic components, corporate strategy electronics, LED bulbs, printed circuit board assembly, wearables, and wearables. As a result, it is anticipated that the expansion of DC power in the Asia Pacific region would also play a role.