DC Power Supplies Market Size & Share, by Vertical (Telecommunications, Consumer Electronics, Medical & Healthcare, Military & Aerospace, Transportation, Lighting, Food & Beverages, Industrial); Type (AC-DC, DC-DC); Output Power (Up To 10kw, 10-100 kw, 100-250 kw) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 4790
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2036

DC Power Supplies Market size is predicted to reach USD 3.6 Billion by the end of 2036, growing at a CAGR of 7.7% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of DC power supplies was over USD 1.5 Billion. Growth in the market may be due to a growing adoption of electricity vehicles. In terms of sales of electric vehicles, the year 2021 was an important turning point. From 2020 to 6.75 million, there was a twofold increase in the number of EVs sold. The number of electric cars sold in a week in 2021 was higher than that which had been sold for the entire year 2012. DC electricity flows in the same direction all the time. This kind of energy is used in all sorts of devices like batteries, solar panels and fuel cells.

Moreover, in order to promote the adoption of electric vehicles, government initiatives have become more and more widespread. For instance, the Indian government has granted a budget of USD 121 million to phase II of FAME which started on 1 April 2019 and is for three years. A demand incentive has been set aside for 86 % of the overall financial support, with a view to increasing the adoption of EVs in the country. It has been estimated that this phase will support up to 7 000 electric buses, 5 000 electric 3-wheelers, 55000 electric 4 wheel passenger cars, and 10 lakhs of electric two wheelers with a view to creating demand. It is thus expected that, in the coming years, this will increase demand for electric vehicles and also lead to market growth.

DC Power Supplies Market
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DC Power Supplies Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for LED- LEDs are semiconductors that have the ability to transform electrical energy into light energy. They are similar to transistors or other diode kinds. As a result, unlike an incandescent light bulb, they operate on low DC voltages and cannot be connected directly to an AC power supply. Although over 49% of the world's light sources were LEDs in 2019, it is predicted that this number will rise to approximately 86% by the year 2030.
  • Rise in Demand for Smartphones- By 2023, about five billion smartphones are expected to be in use around the globe, and it is estimated that over 85% of the world's population have a mobile phone. However, smartphones have some problems after a certain period of time and will be supplied with DC power to check for errors.
  • Growth in Power Generation from Solar- In 2021, solar PV generated an all-time high of approximately 178 TWh more electricity. Solar PV has accounted for approximately 2% of global electricity production, making it the 3rd biggest renewable energy technology after hydropower and wind. DC systems are generally more reliable and efficient when it is necessary to rely on the sun's energy in order to provide basic electric needs.


  • Unauthorized & Low-Quality Products- Unlicensed and inferior goods are posing a serious threat to the worldwide producers of DCDC converters, or their trade mark owners on regional markets. Local producers of AC DC power supply converters frequently offer their products at reduced rates while using stolen trademarks and logos of well-known brands, which causes a significant loss to the market for DC power supplies globally.
  • Growing adoption of high-voltage direct current (HVDC) may hinder the growth of the market.
  • Stringent government regulation is order reduce E-Waste which could negatively affect the market.

DC Power Supplies Market: Key Insights

Base Year


Forecast Year



~ 7.7%

Base Year Market Size (2023)

 ~ USD 1.5 Billion

Forecast Year Market Size (2036)

 ~ USD 3.6 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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DC Power Supplies Segmentation

Vertical (Telecommunications, Consumer Electronics, Medical & Healthcare, Military & Aerospace, Transportation, Lighting, Food & Beverages, Industrial)

The consumer electronics segment in the DC power supplies market is anticipated to grow at a significant CAGR with about 25% share during the forecast period. The increase in this segment can be attributed to the increasing consumer electronics market. In addition, the segment is projected to grow as a result of an increasing investment in consumer electronics. According to the Indian government, investments of approximately USD 413 million would be generated in India's electronics manufacturing sector through the PLI programme by 2025 with a particular focus on cell phones and electronic components. Smartphones and other electronic devices are becoming more and more common in both domestic and foreign markets. There is also an increasing demand for innovative, innovative, and highly advanced electrical equipment. As a result of this development, there is expected to be growth in the production and supply of DC power adapter units for charging and operating these electronic devices.

Output Power (Up To 10kw, 10-100 kw, 100-250 kw)

DC power supplies market from the 100-250 kw segment is anticipated to have largest share of about 58% during the forecast period. For energy storage, semiconductor production, automotive test equipment, and other applications, programmable high output power supplies are usually used. Some of the principal characteristics of these high output power sources are constant controls, wide voltage range, high frequency and improved design. Moreover, due to the need of military avionics and testing goods that must be operational in extreme conditions, demand for high output DC power supplies on the market is expected to increase.

Our in-depth analysis of the global DC power supplies market includes the following segments:


  • Telecommunications
  • Consumer Electronics
  • Medical & Healthcare
  • Military & Aerospace
  • Transportation
  •  Lighting
  • Food & Beverages
  • Industrial


  • Alternative Current-Direct Current (AC-DC)
  • Direct Current-Direct Current (DC-DC)

     Output Power

  • Up to 10kw
  • 10-100 kw
  • 100-250 kw

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DC Power Supplies Industry - Regional Synopsis

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.

Research Nester
DC Power Supplies Market Size
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Companies Dominating the DC Power Supplies Landscape

    • Acopian Technical Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Ametek Inc.
    • B&K Precision Corporation
    • Chroma ATE Inc.
    • Good Will instrument Co., ltd.
    • Keysight Technologies Inc.
    • Magna -Power Electronics Inc.
    • Tektronix, Inc.
    • Rohde & Schwarz India Pvt Ltd
    • MEAN WELL Enterprises Co. Ltd.


In The News

  • Chroma ATE Inc. unveiled the single-channel and three-channel DC power supplies in the 62000E series, which are only 1U high and offer the high-speed transient response and low-noise output characteristics of conventional linear regulators. Users could remotely view and control the data using a browser on a computer, smart phone, or tablet without needing any additional software or drivers owing to the remote web control interface. The web interface would also deliver an alarm message when the equipment detects an anomaly, in addition to the device’s alarm sound, so that users may monito the situation on-site from a distance.
  • Keysight technologies, Inc., has introduced a new line of single and dual output power supplies that deliver more usable power, bench-friendly design with low background noise, small footprint, and large display. Keysight technologies, Inc. helps businesses, service providers, and governments accelerate innovation to connect and secure the world. With the help of Keysight’s new E36200 series, engineers could now test their creations in variety of markets, including automotive electronics, consumer products, healthcare, power tools, and industrial applications.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 4790
  • Published Date: Oct 03, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing demand for LED, rise in demand for smartphones, surge in adoption of IoT, and others.

The market size of DC power supplies is anticipated to attain a CAGR of 7.7% over the forecast period, i.e., 2024 – 2036.

The major players in the market are Ametek Inc., B&K Precision Corporation, Chroma ATE Inc., Good Will instrument Co., ltd., Keysight Technologies Inc., Magna -Power Electronics Inc., Tektronix, Inc., Rohde & Schwarz India Pvt Ltd, MEAN WELL Enterprises Co. Ltd., and others.

The consumer electronics segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
DC Power Supplies Market Report Scope

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