Rugged Power Supply Market Overview
Rugged Power Supply Market is expected to grow from USD 13.16 billion in 2020 to USD 17.66 billion by 2027, at a CAGR of 6.1% from 2020 to 2027.
Drivers and Limits
High need for power supply in volatile climatic conditions, standardization of power supply goods and high investment in defense sectors to ensure national security are the main drivers for the growth of rough power supply units worldwide.In most developing economies, however, budget constraints and lack of awareness act as major limiting factors for the development of the rugged power supply market. The rough power supply market is characterized by rapid change, wide range of technologies, and demand for standardized products that provide both opportunities and threats to vendors by stepping up the competition. Most of the major vendors on the market are following the new product launch / product enhancement strategy followed by acquisition to lead in the rugged power supply market.
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Rugged Power Supply Market Regional Assessment
The market is segmented by area into North America, Europe , Asia-Pacific and the rest of the world.
It is expected that the global demand for Rugged Power Supply will expand at a moderate pace during the 2018-2023 forecast period. The global rugged power supply market geographic analysis is being studied for North America, Europe , Asia-Pacific and the rest of the world.
During the forecast period North America is expected to dominate the rugged market in power supply. North America is regarded as the most advanced region in terms of developing and adopting innovative electrical and electronic technologies.The scaffolding market is driven by numerous factors such as growing FDI in construction in the Asia Pacific region, and supportive government reforms and policies. The governments across all regions are observed, promoting and developing their construction sector. The emerging economies are the ones that are particularly bringing various reforms and regulations to fuel their infrastructure development and real estate market. Such expansion is slated to augment the market growth of scaffolding. The scaffolding market has restrictions such as fluctuation in raw material prices and slower economic growth, which hinder the growth of the market.
Rugged Power Supply Market Segmentation
The global market for rugged power supply is segmented into component, system type, vertical industry, and regions / country.
The market is segmented by component into hardware and software. AC / DC Converter, DC / AC Converter, DC / DC Converter, and EMI Filters are among the hardware covered in the study.
The market is segmented by system type into discrete power supply and integrated power modules. Bifurcation of interconnected power modules into synchronous and non-synchronous power modules. The market is segmented by vertical industry into defense , aerospace, telecommunications, health care, engineering, transportation and others. The defense sector, including navy , army, and air force, has the largest adoption of rugged power supply units enabling them to work in harsh air, ground, and sea environments. Due to the increasing development of the industry to offer enhanced and reliable telecom services in all types of areas, both rural and urban, the vertical telecom industry is expected to grow with the fastest CAGR during the forecast time period.
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Rugged Power Supply Market Key players
The prominent players in rugged power supply market are XP Power (US), Aegis Power Systems (US), North Atlantic Industries (US), Schaefer (US), TDK-Lambda (Japan), Evercom (Belgium), Extreme Engineering Solutions (US), ABSOPULSE Electronics (Canada), Crystal Group, Martek Power (US), and Bluestone Technology (UK).