Feb 11, 2020   SOURCE: PR NewsWire

Increasing Demand From Military for Stable Power Supply Driving Rugged Power Supply Market: Transparency Market Research

ALBANY, New York, Feb. 11, 2020 /PRNewswire/ -- Owing to a number of factors, the global rugged power supply market is set to chart an upward growth trajectory over the forecast period of 2018 to 2026. As per Transparency Market Research, the growth rate, compounded annually would be a steady 5.5%, taking the market on to a valuation of USD 26.1 bn. by the end of the period. It is a significant rise from valuation of USD 16.3 bn. in the year 2017.

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As per Transparency Market Research, "Growing demand in healthcare and telecommunications will contribute to significant growth in the global rugged power supply market over the stated period of market assessment. Besides, it is worth noting that the power supply market is witnessing massive transformation with micro grids and renewable energy making notable inroads."

Key Findings of the Rugged Power Supply Market Study

    --  Military and Aerospace Industry to hold prominent place in market growth
        owing to increase in demand for supply that can withstand extreme
        conditions in terms of weather; increase in use of digital to fuel this
        demand
    --  Need to protect critical information from the instability of grid power
        is also generating demand for rugged power supply from military sector;
        reliability on renewable energy sources and smart grid systems to grow
    --  In 2017, AC/DC accounted for about 50% of total market share and the
        trend might continue over the forecast period

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Explore 248 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on rugged power supply market by Type - Programmable, Non Programmable; Component - Hardware (DC/AC Convertor, AC/DC Convertor, DC/DC Convertor, EMI Filters), Software; System Type - Discrete Power Supply System, Integrated Power Modules (Synchronous, Non Synchronous); Industry - Telecommunications, Medical and Healthcare, Military and Aerospace, Transportation, Lighting, Food and Beverage

Rugged Power Supply Market: Key Driving Factors

Numerous trends and drivers are keeping the global rugged power supply market buoyant. Prominent among them are growing demand from military, use in transportation, telecommunications, and food and beverage industries. Besides, medical and healthcare is also calling for a stable power supply.

    --  Better durability, and reliability to underline demand for rugged power
        supply from the military as it operates in harsh climate and rugged
        terrains - minimal maintenance and long cycle to help gain further
        traction
    --  Telecommunication towers demanding stable power supply to work
        seamlessly even in intense conditions such as very dirty and dusty
        environment; it is important to ensure minimum downtime
    --  Adoption of COTS - Commercial off-the-shelf - software to propel market
        on to an upward facing growth curve over the forecast period

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Key Impediments for Rugged Power Supply Market Players

Though on a growth trajectory, the global rugged power supply market has few restraints. These are acting as hurdles, stopping the market form reaching its full potential. However, innovation will counteract the effect quite successfully over the forecast period of 2018 to 2026. As per Transparency Market Research, some of the most significant restraints are lack of awareness in certain developing economies, leading to low penetration in these markets, and high costs.

Rugged Power Supply Market: Region-wise Analysis

    --  North America will dominate the regional landscape of global rugged
        power supply market over the forecast period owing to high contribution
        from the United States of America
    --  The country will ride on the back of high defense expenditure; it boasts
        of the strongest military presence and uses advanced technology in its
        operations
    --  The fastest growing region, producing lucrative growth opportunities,
        will be Asia Pacific (APAC) owing to rapid technological adoption and
        players directing efforts towards bringing innovation to the table

Analyze rugged power supply market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study,

Competition Landscape

According to Transparency Market Research, the global rugged power supply market is fragmented owing to the presence of a large number of players operating in the market landscape.

Some of the notable players that are contributing to the growth of global rugged power supply market with their pro-activeness include XP Power, Advanced Conversion Technology, Eaton Corporation, Aegis Power System, Inc., TDK-Lambda Americas, Inc., Abbott Technologies, AGMA Power Systems Ltd., Energy Technologies Inc., Synqor, Inc., AJ's Power Source Inc., Prime Power Inc., Powerbox International AB, Milpower Source, Astrodyne TDI Power Supplies & EMI Filters, Artesyn, Behlman Electronics, Inc., and Mitsubishi Electric Corporation. These are profiled in the report prepared by Transparency Market Research.

Transparency Market Research has segmented the rugged power supply market based on type, component, system type, industry, and region.

The global rugged power supply market has been segmented as follows:

Market Segmentation:

Rugged Power Supply, by Type

    --  Programmable
    --  Non Programmable

Rugged Power Supply, by Component

    --  Hardware
        --  DC/AC Convertor
        --  AC/DC Convertor
        --  DC/DC Convertor
        --  EMI Filters
        --  Others (Inductors, Transformers, etc.)
    --  Software

Rugged Power Supply, by System Type

    --  Discrete Power Supply System
    --  Integrated Power Modules
        --  Synchronous
        --  Non synchronous

Rugged Power Supply, by Industry

    --  Telecommunications
    --  Consumer Electronics
    --  Medical & Healthcare
    --  Military & Aerospace
    --  Transportation
    --  Lighting
    --  Others

By Geography

    --  North America
    --  Europe
    --  Asia Pacific
    --  Middle East & Africa (MEA)
    --  South America

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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