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Industrial Power Supply Market Forecast: What Value Will The Market Reach By 2030?
The industrial power supply market size has demonstrated significant growth in recent years. It is anticipated to expand from $9.88 billion in 2025 to $10.66 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.9%. The growth observed in the historic period can be attributed to factors such as the expansion of industrial automation, the increasing adoption of ac-dc and dc-dc converters, a rising demand for reliable power in manufacturing, the early implementation of UPS systems, and the broadening use of industrial robotics and test systems.
The industrial power supply market is projected to experience substantial expansion over the coming years. This market is predicted to reach $14.43 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.9%. Key factors driving this growth during the forecast period include innovations in high-efficiency power supply technologies, the incorporation of smart manufacturing systems, an increasing requirement for scalable and modular power solutions, the rising demand for predictive maintenance and remote monitoring capabilities, and wider adoption within the semiconductor and automotive sectors. Significant trends anticipated in this period encompass the deployment of uninterruptible power supplies (UPS) for essential systems, the merging of intelligent AC-DC and DC-DC converters, the proliferation of modular and scalable power supply architectures, a focus on high-efficiency and low-loss power supplies, and the rollout of predictive maintenance and remote monitoring solutions.
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Industrial Power Supply Market Growth Factors Behind Sustained Expansion
The increasing acceptance of electric vehicles is projected to stimulate the growth of the industrial power supply market going forward. Electric vehicles are defined as vehicles equipped with an electric motor powered by electricity stored in batteries. They operate using electric motors and recharge their batteries electrically, which necessitates various industrial power supply subsystems like AC/DC converters and battery management systems for their operations. Additionally, efforts to mitigate COVID-19 impacts and ambitions to achieve net-zero emissions have accelerated the adoption of EV and hybrid vehicles. This substantial increase in electric vehicle demand has consequently boosted the production and need for industrial power supply. For instance, in May 2025, data from the International Energy Agency (IEA), a France-based intergovernmental energy authority, revealed that global electric car sales surpassed 17 million units in 2024, with projections indicating sales will exceed 20 million units in 2025, implying that electric vehicles will constitute more than one in four new cars sold worldwide. Thus, the rising adoption of electric vehicles is propelling the expansion of the industrial power supply market.
Industrial Power Supply Market Segmentation And Category Overview
The industrial power supply market covered in this report is segmented –
1) By Product Type: AC-DC Converters, DC-DC Converters
2) By Output Power: Very Low Output (up To 500 W), Low Output (500-1, 000 W), Medium Output (1, 000 W-10 kW), High Output (10-75 kW), Very High Output (75-150 kW)
3) By Vertical Type: Transportation, Semiconductor, Military And Aerospace, Robotics, Test And Measurement, Industrial 3-D Printing, Battery Charging And Test, Automotive, Energy, Other Verticals
Subsegments:
1) By AC-DC Converters: Linear Power Supplies, Switching Power Supplies, Uninterruptible Power Supplies (UPS)
2) By DC-DC Converters: Buck Converters, Boost Converters, Buck-Boost Converters, Isolated DC-DC Converters, Non-Isolated DC-DC Converters
Industrial Power Supply Market Industry Trends Fueling Future Revenue Growth
Leading firms within the industrial power supply market are creating novel offerings, specifically digitally configurable power solutions, to attract a wider range of customers, boost sales volumes, and generate higher earnings. Such solutions denote power systems or their constituent parts that permit dynamic modification, regulation, and enhancement via digital methods. An example is the launch of iHP Liquid in September 2023 by Advanced Energy Industries Inc., a US-based company specializing in power conversion, measurement, and control solutions. This novel power solution, which can provide up to 20 kW within a compact 4U rack form factor, is distinctive as a completely sealed unit, removing the requirement for fan-driven air cooling in delicate settings. A key differentiating factor for the iHP Liquid is its flexible setup, enabling users to select either a single output or as many as eight outputs according to their particular needs. The power solution features 10 programmable output modules, providing versatility to function in either constant voltage or constant current modes. Every module is highly customizable, and a distinctive aspect of this power solution is its capability to connect modules in series or parallel, allowing users to augment voltage or current as required. Delivering currents reaching 1600 A or voltages up to 1000 V, the iHP Liquid establishes new benchmarks for flexibility and adaptability in power solutions across industrial, lighting, horticulture, medical, and semiconductor sectors.
Industrial Power Supply Market Competitive Overview And Top Companies
Major companies operating in the industrial power supply market are Siemens AG, Delta Electronics Inc, ABB Ltd, TDK Corporation, Mean Well Enterprises Co Ltd, XP Power PLC, Murata Manufacturing Co Ltd, Phoenix Contact GmbH & Co KG, Advanced Energy Industries Inc, Cosel Co Ltd, Astrodyne TDI Inc, MTM Power GmbH, GlobTek Inc, Excelsys Technologies Ltd, HiTek Power GmbH, Powerbox International AB, Triad Magnetics, Axiomatic Technologies Corp, Neeltran Inc, Mingston Electronics Inc, PULS GmbH, RECOM Power Inc, Borri Srl, Vertiv Holdings Co, Chloride Group, TMEIC Corporation
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Industrial Power Supply Market Top Region: Where Does Most Revenue Come From?
Asia-Pacific was the largest region in the industrial power supply market share in 2025. The regions covered in the industrial power supply market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.