Industrial Power Supply Units Market

Industrial Power Supply Units Market Size

The industrial power supply units market was estimated at USD 16.5 billion in 2024. The market is expected to grow from USD 17.2 billion in 2025 to USD 28.2 billion in 2034, at a CAGR of 5.6% according to latest report published by Global Market Insights Inc.

The market for industrial power supply units maintains an upward direction as operations search for compact. As manufacturing and industrial processes increasingly embrace automation, the demand for dependable power supply units essential for operating machinery, robotics, and automated systems continues to surge. Industries, in their search for heightened efficiency and reduced labor costs, are increasingly turning to power supply solutions tailored for advanced technologies. Furthermore, the global shift towards renewable energy sources, notably solar and wind, underscores the necessity for adept power management systems.

Furthermore, the rapid expansion of data centers, fueled by the rise of cloud computing and big data analytics, amplifies the demand for uninterrupted power supply solutions. Additionally, the worldwide momentum towards electric vehicles (EVs) and electrified public transportation systems further propels the need for specialized power supplies. Notably, advancements in power supply technology like enhanced switching techniques and their seamless integration with smart grid systems are significantly boosting performance.

The integration of artificial intelligence and automation is opening up substantial opportunities within the power supply market which promises to significantly enhance grid management, boost efficiency and refine energy and refine energy distribution. AI algorithms are capable of analyzing massive amount of real time energy usage data and accurately forecasting energy demand this allows the power supply system to react dynamically to sift in both supply and demand enabling utilities to manage the flow of electricity far more efficiently and substantially cutting down on energy waste.

Furthermore, AI bring the benefit of automation to the critical task of fault detection and solution within the power grid thereby minimizing system downtime and elevating overall reliability through the application of machine learning and productive analysis AI Analytics can anticipate potential equipment in advance and proactively scheduled necessary maintenance a capability that significantly reduce the occurrence of expensive unplanned outage this also include the use of digital twins virtual replicas of the grid to stimulate what if scenario for proactive planning and improved resilience the incorporation of ai into power supply solution not only facilitate more efficient energy but also enable productive maintenance and optimize load forecasting contribution to the lower operational cost increased system longevity and better integration of decentralized energy sources the global market for power supply is projected for rapid expansion underscoring this trend as a prime investment

• For instance, In January 2025, Siemens Energy achieved a breakthrough by deploying its AI driven GridMind forecast in suite. This system integrates machine learning with weather and consumption data to provide near perfect short term forecasting accuracy for electricity demand and renewable supply, significantly enhancing the real-time prediction capabilities crucial for smart grid modernization and grid stability optimization.
  
• In March 2024, the European Commission launched its “Green Deal” initiative, a comprehensive plan aiming for Europe to achieve climate-neutrality by 2050. This ambitious policy directly mandates the acceleration of renewable energy adoption and the large-scale electrification of transportation and industrial sectors. This regulatory shift directly increases the market need for advanced and reliable power supply systems to support modernized renewable energy grids and expanding electric transportation networks.
  

The global shift to intermittent and often decentralized sources like solar and wind power necessitates more reliable and efficient power supply systems. These advanced systems are crucial for managing the inherent variability of renewable generation (e.g., when the sun isn't shining or the wind isn't blowing), ensuring grid stability, and accommodating the decentralized nature of these energy sources.

Government rules and legal requirements significantly influence the growth of the industrial power supply units market. As industries strive for reduced operational costs and environmental impact, many countries have established strict laws that mandate high power efficiency (e.g., 80 PLUS certifications for IT/data center PSUs, ErP/Ecodesign directives in Europe) and electromagnetic interference (EMI) standards (e.g., IEC, EN, UL norms) for industrial equipment. These laws aim to decrease energy waste and ensure system compatibility and safety by requiring power supply units to meet specific performance and safety standards. With rigorous enforcement and increasing complexity in multi-standard compliance, these laws have led to increased adoption rates of advanced, certified industrial power supply units, especially in developed and rapidly automating areas. Additionally, as more countries create or update their industrial energy-efficiency and safety regulations, the demand for compliant products keeps rising. This makes government rules a major factor in market growth.

The market for DIN-Rail and modular PSUs increased in 2025 as North American and European regulations promoted energy-efficient industrial infrastructure and the adoption of Industry 4.0. Due to their flexibility to accommodate different power needs and easy replacement/upgrade, these units have become a popular option for system integrators in evolving manufacturing environments. Manufacturers improved features such as digital communication interfaces (e.g., PMBus), active power factor correction (PFC), and superior thermal management. In order to comply with changing safety regulations like IEC 62368-1 and enhanced EMC standards, product development concentrated on simplified connection terminals, built-in diagnostic indicators, and resistance to harsh industrial environments. Entities such as growing industrial automation sectors, the data center industry, and renewable energy integration projects are contributing to the market's expansion. The units' capabilities to provide stable and protected power to critical machinery have made them standard equipment for industrial control.

The market for industrial power supply units in the US is expanding due to government initiatives encouraging domestic manufacturing and infrastructure spending, growing automation adoption, and industries' increasing concern for energy efficiency and system reliability. The Department of Energy (DOE) and other regulatory bodies have strict guidelines on the usage of industrial power supplies, namely those that are suitable for high-efficiency operation and specific EMI limits.

All demonstrated in the market signs of growing further as technology develops and the respective demand continues.

Industrial Power Supply Units Market Trends

The Industrial power supply units industry constantly evolves, driven mainly by new technologies and changing user needs. Suppliers and customers prefer smaller, advanced seats that are more energy-efficient, operate quietly, and move easily in tight spaces. As smart features like pre-programmed safety systems become common, new controls allow operators to perform tasks safely and efficiently. This shift in demand shows a growing acceptance of cleaner, more adaptable equipment, catering to the pace and size of today's users.

The Industrial power supply units market continually changes, primarily due to new power conversion topologies, digital control, and shifting industrial needs. Smaller, more sophisticated PSUs that are more energy-efficient (higher power density), dependable in challenging conditions, and simple to incorporate into small industrial cabinets are preferred by suppliers and customers. New controls enable operators and automated systems to safely and effectively manage power delivery as smart features like digital monitoring, predictive maintenance, and programmable outputs proliferate. This change in demand reflects a growing acceptance of high-performance, more intelligent, and flexible power equipment that can handle the complexity and speed of today's industrial applications.

• According to the International Council on Clean Transportation, sales of new electric light-duty vehicles in the United States hit approximately 1.4 million in 2023, a significant increase from nearly 1 million in 2022. This surge translates to a sales share of roughly 9%. However, it is noteworthy that the growth rate of the electric vehicle market has varied across different states in the country. Innovations in power supply technology, marked by heightened efficiency and compact designs, are broadening product applications across diverse sectors.
  
• Automation and Robotics: The Industrial power supply units industry is increasingly incorporating automation, especially in manufacturing and quality assurance processes within the PSU manufacturing itself, but more importantly, as a component within automated systems. Automated systems, such as robotic arms, Automated Guided Vehicles (AGVs), and AI-driven assembly lines, require highly stable, certified, and compact power supplies. PSUs designed for automation must handle dynamic loads, provide high peak power, and communicate digitally (e.g., via PMBus or CAN bus) to ensure precision in machine operation, minimize downtime, and improve safety standards. These technologies streamline complex industrial processes, boosting productivity and reducing operational costs while staying compliant with safety and EMC regulations.
  
• Digital Control and Monitoring (Industry 4.0): Industrial power supply units' capabilities are greatly increased by using digital control (microcontrollers) and data analytics. Through network interfaces, it makes it simple to obtain real-time data on PSU performance, output voltage/current, temperature, and lifespan from any location. This helps manufacturers offer proactive customer support and permits predictive maintenance (monitoring degradation trends). Analytics can be used by fleet operators and system integrators to reduce energy inefficiencies throughout their installations, forecast equipment failure, and optimize energy usage.
  
• Modularity and Power Density: Hot-swappable and configurable technology is being adopted for new applications, especially in data centers and high-availability systems, and industrial power supply units are becoming more modular and have a higher power density. By enabling quick replacement and optimizing power distribution through shared bus systems, quick-change technology (such as standardized rack-mount or DIN-Rail formats) increases adaptability and versatility while decreasing maintenance time. This trend is driven by the need to pack more processing power into smaller spaces while maintaining thermal and operational efficiency.
  

Industrial Power Supply Units Market Analysis

Based on product type, the market is divided into AC-DC power supplies, DC-DC converters, UPS (uninterruptible power supply), and modular & redundant power supplies. The AC-DC power supplies hold the major market share of 42.90% in 2024 with a CAGR of 5.3% expected through 2034.

• DC-DC converters emerge as the preferred choice for stepping down high-voltage DC power to lower voltages. With advantages like high efficiency, a broad input voltage range, and impressive power density, these converters are increasingly powering sophisticated electronics, from medical devices and industrial machinery to telecommunications systems.
  
• AC-DC units dominate due to their universal role in industrial machinery, factory automation, and process equipment that require robust conversion from mains AC to stable DC rails.
  
• Growth is supported by energy-efficiency regulations, higher reliability requirements, and adoption of advanced topologies (e.g., PFC, LLC resonant).
  
• Furthermore, with the ongoing miniaturization of electronic devices, there is a parallel demand for smaller, compact power supplies. This relentless drive for miniaturization has led to the emergence of a new generation of tiny yet powerful DC/DC converters and AC/DC power supplies, delivering robust performance despite their reduced size.
  

Based on the distribution channel, the industrial power supply units market is segmented into direct and indirect sales. The Indirect sales segment generated a revenue of USD 4.3 billion in 2024.

• Indirect channels are prevalent where local presence, fast availability, and standard configurations are critical—serving SMEs and regional integrators.
  
• Dealers provide value-added services such as trade-in programs, rentals, and immediate field support; yet OEMs increasingly participate deeper in the purchase process, which raises expectations from VARs/dealers.
  
• Direct Sales is the fastest-growing segment, with a CAGR of 6.2% between 2025 and 2034. The preference for direct channels is rising due to the unique, complex applications involved with large-scale industrial projects (e.g., automotive manufacturing, hyperscale data centers).
  
• Direct sales allow the manufacturer to control the relationship, provide highly customized power solutions, and offer a complete service package including configuration support, installation guidance, and ongoing predictive maintenance services. This channel is vital for integrated packages that include specialized, high-power, or redundant equipment.
  
• The increasing use of direct channels allows manufacturers to gain vital market intelligence and stay connected to the customer regarding product services, inspections, and maximizing customer lifetime value based on service contracts.
  

U.S. dominated the North America Industrial power supply units market with around 84.5% share and generating USD 3.5 billion revenue in 2024.

• North America represents a large portion of the global industry share and has fared well for consistent growth on the premise of its established logistics network and widespread acceptance of technology.
  
• The market is driven by the surge in manufacturing automation, the expansion of cloud computing and data storage solutions, and the rising adoption of electric vehicles.
  
• On the other hand, Canada industrial power supply unit’s market expressing notable growth rate of around 5.5% in 2024. Canada is actively reducing greenhouse gas emissions and boosting renewable energy sources, especially hydroelectric, solar, and wind. This commitment is spurring the demand for advanced power supply solutions that seamlessly integrate with these energy systems.
  

Europe Industrial power supply units market, Germany leads the 18.8% share in 2024 and is expected to grow at 6.3% CAGR during the forecast period.

• Germany leads regional demand, supported by its strong automotive and manufacturing sectors, which result in significant adoption of advanced technologies. The country's broad industrial strength positions it as a leader in the sustainable and automated transformation of Europe.
  
• The larger European market benefits from sustainability initiatives and Industry 4.0 initiatives to drive operational efficiency, minimize environmental impact, and promote innovation. These initiatives position Europe as a competitive market for advanced technologies and sustainable industrial practices.
  

The Asia Pacific leads the Industrial power supply units market. China holds around 32% share in 2024 and is anticipated to grow with a CAGR of 6.2% from 2025 to 2034.

• Rapid industrialization in the Asia-Pacific, notably in China and India, is escalating the demand for reliable power supply units across diverse sectors, including manufacturing, automotive, and electronics.
  
• In terms of country, China is dominating the Asia Pacific industrial power supply unit’s market in terms of market share of around 31% in 2023. China, recognized as the world's largest manufacturing hub, highlights a pronounced demand for industrial power supply units spanning sectors like electronics, automotive, and heavy industry.
  
• Rising awareness and costs to produce, surging demand for high-quality products, and the desire for improved operational efficiency are key factors contributing to growth in the Asia Pacific manufacturing market, driving innovation and competitiveness across the region.
  
• The evolution of the manufacturing sector in Asia Pacific is changing with the uptake of smart manufacturing practices and Industry 4.0 technologies, allowing various manufacturing companies to enhance operations through improved productivity while responding to the needs of a changing market due to the impact of coronavirus or COVID manufacturing. 
  

Middle East and Africa represent over 5.6% of global industrial power supply units revenue, with an estimated market size of USD 708 million in 2024. The region is expected to grow at around 5.6% CAGR from 2025 to 2034.

• UAE lead the Middle East and Africa Industrial Power Supply (IPS) market, driven by aggressive industrial modernization and significant infrastructure investment. UAE large industrial base, particularly in automotive and aerospace, demands reliable, high-power PSUs, while Saudi expanding mining and construction sectors require robust, certified industrial power solutions.
  
• The market is evolving with increased industrial digitalization (Industry 4.0) and rising investment in renewable energy and data centers, creating demand for high-efficiency, modular, and rugged power supplies. Companies are prioritizing system reliability and energy consumption, boosting the adoption of advanced models like high-density AC-DC and DC-DC converters.
  
• Technological innovations like PMBus/CAN Bus digital communication, active power factor correction (PFC), and GaN/SiC wide-bandgap semiconductors are appealing to manufacturing and utility operators. These features align with global trends in smart grid infrastructure, factory automation, and reducing operational expenditure (OPEX) through superior energy efficiency.
  

Industrial Power Supply Units Market Share

TDK Corporation is leading with 5% market share. Weidmueller Interface, XP Power, Emerson, Murata Manufacturing and TDK Corporation collectively hold around 20%, indicating moderately fragmented market concentration. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broad customer base, and strengthen their market position.

• Delta unveiled a sophisticated power supply automated testing system to increase efficiency.  This advanced equipment has integrated power testing capabilities that meet worldwide standards, guaranteeing accurate and dependable outcomes.  Because of its modular architecture, the system may be expanded to meet a variety of testing needs.  Automated methods that greatly speed up product verification are made possible by user-friendly software that makes it simple for users to modify testing protocols.  This technique enables producers to react quickly to market demands by cutting down on R&D and manufacturing periods.
  
• Murata introduced three cutting-edge power system products one is two step-down DC-DC converters and a state-of-the-art charge pump integrated circuit. These solutions are designed to deal with low-output voltage applications and power issues in consumer devices. The step-down converters provide small, high-performance solutions for designs with limited space, while the charge pump IC's ultra-high efficiency makes it perfect for portable devices.
  

Industrial Power Supply Units Market Companies

Major players operating in the Industrial power supply units industry are:

• ABB
• Assa Abloy
• Berger Stromversorgungen
• Camtec Power Supplies
• Delta Electronics
• Emerson
• Gebruder Frei
• Mean Well
• Murata Manufacturing
• Murrelektronik  
• Schneider Electric
• Siemens
• TDK Corporation
• Weidmueller Interface
• XP Power
  

These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.Companies are heavily investing in research and development to develop advanced power solutions that align with the industry's evolving demands, especially emphasizing sustainability and smart technologies. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Industrial Power Supply Units Industry News

• In May 2024, COSEL introduced the HFA3500TF, a 3-phase AC/DC enclosed power supply for industrial use. With a compact design, 3.5kW output, high energy efficiency, parallel operation, and a 200-480V AC input range, it ensures reliable performance even in harsh conditions. It supports automation, robotics, and power systems, offering a versatile solution for industrial needs.
  
• In March 2024, Schneider Electric has introduced the Back-UPS BE Series - 900 and 1050 VA, expanding its lineup of uninterruptible power supplies (UPS). These units offer increased power capacity, ranging from 900VA to a new 1050VA option.
  
• In February 2024, Murata, a global electronics innovator, launched three new power products to tackle challenges in the power electronics industry. These include the PE25208, an ultra-efficient charge pump IC for portable consumer electronics like laptops and USB PD high power applications. Murata also introduced the PE24109 and PE24110, compact and efficient step-down DC-DC converters for low output voltage applications, such as high-density optical transceiver modules.
  
• In September 2023, TDK Corporation expanded its TDK-Lambda GENESYS+ series with 15kW and 22.5kW scalable power systems. Available in 2U or 3U heights, these systems offer 12 factory-configured output voltages and currents, ranging from 0-20V/0-1125A to 0-1500V/0-15A.
  
• In May 2023, SolaHD, an Emerson brand, introduced its next-gen power solution. The upgraded SDN-D high-performance DC power supply now features network connectivity, making it IIoT-ready. It provides condition monitoring, asset tracking, and faster troubleshooting, in addition to its role as a power converter.
  

The Industrial power supply units market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Product Type

• AC-DC Power Supplies
• DC-DC Converters
• UPS (Uninterruptible Power Supply)
• Modular & Redundant Power Supplies

Market, By Number of Phases

• Single phase
• Dual phase
• Three phases

Market, By Voltage

• Up to 12 V
• 12 V - 24 V
• 24 V - 48 V
• Above 48 V   

Market, By Application

• Central locking systems
• Access control systems
• Automated doors
• Lighting control systems
• Others (alarm and security systems etc.)

Market, By End Use Industry

• Automotive
• Energy
• Medical
• Solar industry
• Telecommunications
• Others (logistics etc.)   

Market, By Distribution Channel

• Direct sales
• Indirect sales   

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE