Global Power Supply Market Size, Share, and COVID-19 Impact Analysis, By Type of Product (AC-DC Power Supply, and DC-DC Power Supply), By Type of Vertical (Aerospace and Defense, Consumer Electronics, Data Centers, Food & Beverages, Healthcare, Industrial, Lighting, Telecommunication, Transportation, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035

Global Power Supply Market Insights Forecasts to 2035

• The Global Power Supply Market Size Was Estimated at USD 39.40 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.2% from 2025 to 2035
• The Worldwide Power Supply Market Size is Expected to Reach USD 76.35 Billion by 2035
• North America is expected to grow the fastest during the forecast period.

 

According to a research report published by Spherical Insights and Consulting, the global power supply market size was worth around USD 39.40 billion in 2024, growing to USD 41.85 billion in 2025, and is predicted to grow to around USD 76.35 billion by 2035 with a compound annual growth rate (CAGR) of 6.2% from 2025 to 2035. With the growing demand for energy-efficient solutions, smart grid technologies, electric vehicles, industrial automation, renewable energy integration, and sophisticated power management systems, the power supply industry has significant opportunities that spur innovation and global market expansion.

 

Global Power Supply Market Forecast and Revenue Size

• 2024 Market Size: USD 39.40 Billion
• 2025 Market Size: USD 41.85 Billion
• 2035 Projected Market Size: USD 76.35 Billion
• CAGR (2025-2035): 6.2%
• Asia Pacific: Largest market in 2024
• North America: Fastest growing market

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Market Overview   

The global ecosystem for the production, transmission, distribution, and sale of electrical energy is included in the power supply market, which facilitates power exchange via interconnected grids and marketplaces. It is controlled by organizations such as public utility commissions and operates through wholesale auctions for energy output and capacity, guaranteeing a consistent supply in the face of varying demand. For instance, In October 2025, State Grid Jinchang Power Supply Company launched a special power security campaign for citywide heating stations, enhancing inspections, emergency coordination, and proactive services to ensure stable electricity and warm winter conditions for residents. The industry is expanding since LED lighting uses a lot of power supply. The growing demand from the industrial sector is driving the worldwide power supply market. The market for power supplies is growing as a result of the increased use of power supplies in a variety of industries, including transportation, aerospace, and defense. The need for power supplies is also being driven by an increase in building and construction activity worldwide.

 

Key Market Insights

• Asia Pacific is expected to account for the largest share in the power supply market during the forecast period.     
• In terms of type of product, the AC-DC power supply segment is projected to lead the power supply market throughout the forecast period   
• In terms of type of vertical, the consumer electronics segment captured the largest portion of the market       

 

Power Supply Market Trends

• The increasing demand for the integration of renewable energy sources (wind, solar, and hybrid systems).
• Infrastructure for electric vehicles (EVs) is expanding, necessitating sophisticated charging methods.
• The shift in consumer and industrial electronics toward low-power and energy-efficient solutions.
• The expansion of the use of sophisticated power management technologies and smart grids.
• Uninterruptible power supply (UPS) and data center backup solutions are becoming more and more popular.

 

Report Coverage

This research report categorizes the power supply market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the power supply market. Recent market developments and competitive strategies, such as expansion, Product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the power supply market.     

Driving factors:  

The global power supply market is being driven by the growing use of power supplies in consumer electronics goods such as smartphones, wearable fitness devices, street lighting, health monitoring devices, and residential lighting. The global power supply market is anticipated to be driven by the rise in demand for power supplies in the manufacturing, communications, healthcare, and consumer electronics sectors. The global market for power supplies is being driven by an increase in demand from the transportation, industrial, and aerospace and defense industries. The market is expanding as a result of the increased demand for AC-DC power supplies across several industry verticals, including transportation, aerospace & military, telecommunication, and industrial.

 

Restraining Factors:  

High initial investment costs, challenging integration with current infrastructure, volatile raw material prices, regulatory obstacles, and problems with technological compatibility are some of the challenges facing the power supply market. These factors may restrict adoption and impede market expansion across commercial and industrial sectors.

 

Market Segmentation       

The global power supply market is divided into type of product and type of vertical.

Global Power Supply Market, By Type of Product:      

The AC-DC power supply segment led the power supply market, generating the largest revenue share. The market for AC-DC power supplies is growing owing to their widespread use in consumer electronics, commercial, industrial, and telecommunications applications. The increasing ubiquity of smart gadgets, data centers, and industrial automation systems necessitating dependable and energy-efficient power conversion solutions is driving up demand for AC-DC power supplies.  

 

The DC-DC power supply segment in the power supply market is expected to grow at the fastest CAGR over the forecast period. The growing use of DC-DC power supplies in electric cars, portable electronics, renewable energy systems, and edge computing infrastructure, all of which depend on effective voltage conversion and small size, is driving the segment's expansion.  

 

Global Power Supply Market, By Type of Vertical:     

The consumer electronics segment held the largest market share in the power supply market. the consumer electronics market as a result of the extensive use of wearable electronics, smart devices, home automation systems, and portable computers. This market has been strengthened by the growing need for small, high-performance, energy-efficient power solutions to support cutting-edge features like fast charging, miniaturization, and improved device reliability.

 

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The industrial segment in the power supply market is expected to grow at the fastest CAGR over the forecast period. The quick development of Industry 4.0, automation technologies, and the electrification of industrial equipment are the main drivers of the industrial vertical growth. Stable, high-efficiency power systems are necessary to guarantee operational continuity and safety when robotics, AI, and smart industrial processes are integrated.   

 

Regional Segment Analysis of the Global Power Supply Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific Power Supply Market Trends

Growing energy consumption brought on by industrialization, urbanization, and digital revolution is driving the Asia Pacific area. Energy demand in the manufacturing, infrastructure, and commercial sectors has significantly increased as a result of rapid industrialization in nations like China, India, and South Korea. Furthermore, the area is seeing a notable increase in renewable energy installations, such as solar, wind, and hybrid systems, which call for sophisticated and dependable power supply solutions. In October 2025, The Asian Development Bank (ADB) and World Bank Group launched the ASEAN Power Grid Financing Initiative, mobilizing USD 10 billion to enhance cross-border interconnections and accelerate renewable energy integration across Southeast Asia.

 

China Power Supply Market Trends

The nation is rapidly increasing its capacity for renewable energy, especially solar and wind, which calls for sophisticated power conversion and grid integration technologies. The need for dependable, high-efficiency power supply is further driven by the expansion of data centers, smart grid technologies, and electric car infrastructure. Government initiatives encouraging electrification and carbon reduction, along with technological advancements in modular and small power systems, facilitate market growth.

 

Japan Power Supply Market Trends

The market for power supplies in Japan is distinguished by a significant emphasis on dependability, technological innovation, and energy efficiency. The market places a strong emphasis on enhanced uninterruptible power supply (UPS), high-efficiency inverters, and smart grid integration due to industrial automation, the adoption of renewable energy, and rising data center demand. Energy regulations following Fukushima have sped up investments in resilient infrastructure and clean energy.  

 

North America Power Supply Market Trends

The demand for dependable, high-efficiency, and continuous power supply systems is rising dramatically due to the region's quick adoption of advanced industrial automation, data center growth, and electric vehicle (EV) infrastructure. Further driving market expansion is the integration of renewable energy sources, such as solar, wind, and battery storage, which calls for sophisticated power conversion and grid management solutions. The U.S. Government launched an $80 million nuclear reactor partnership on October 28 to accelerate advanced carbon-free power, while Canada launched a $13 million initiative modernizing Ontario’s electricity grid to improve transmission efficiency.  

 

U.S Power Supply Market Trends

The growing use of renewable energy, the development of infrastructure for electric vehicles, and the growing need for dependable and energy-efficient power solutions are driving the U.S. power supply market. Advanced power conversion and management systems are becoming more and more necessary as a result of data center expansion, smart grid implementation, and industrial automation. Government programs that promote electrification, infrastructure upgrade, and carbon reduction encourage market expansion.

 

Canada Power Supply Market Trends   

The market for power supplies in Canada has been steadily expanding thanks to the incorporation of renewable energy sources including solar, wind, and hydro. The need for dependable and effective power supply systems is rising due to the development of smart grids, energy storage technologies, and industrial electrification. Market development is further supported by government initiatives that support carbon reduction, sustainability, and the upgrade of power transmission networks.

 

Competitive Analysis:    

The report offers the appropriate analysis of the key organizations/companies involved within the global Power Supply market, along with a comparative evaluation primarily based on their Product of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes Product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

Worldwide Top Key Players in The Power Supply Market Include

• Artesyn
• XP Power
• PULS GmbH
• SIEMENS AG
• General Electric
• COSEL ASIA LTD
• Phoenix Contact
• Delta Electronics Inc
• Murata Power Solutions
• TDK-Lambda Corporation
• MEAN WELL Enterprises Co. Ltd
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In October 2025, Bel Fuse Inc. launched two new 65W open-frame AC-DC power supply series, the MDP65 for medical use and HDP65 for industrial and ITE applications, featuring Gallium Nitride (GaN) technology for enhanced performance and compact design efficiency.

 

• In October 2025, Schneider Electric launched Schneider Boost Pro, a local battery energy storage solution enabling commercial and industrial sites to lower energy costs, cut carbon emissions, and enhance power supply flexibility, stability, and efficiency while supporting the global energy transition.

 

• In September 2025, Infineon Technologies AG announced a 12 kW reference design for high-performance power supply units (PSUs) targeting AI data centers and servers, featuring high efficiency, power density, and advanced semiconductor materials including silicon, silicon carbide, and gallium nitride. 

 

Market Segment    

This study forecasts revenue at the global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the power supply market based on the following segments:

 

Global Power Supply Market, By Type of Product

• AC-DC Power Supply
• DC-DC Power Supply

 

Global Power Supply Market, By Type of Vertical

• Aerospace and Defense
• Consumer Electronics
• Data Centers
• Food & Beverages
• Healthcare
• Industrial
• Lighting
• Telecommunication
• Transportation
• Others

 

Global Power Supply Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa