AC Power Sources Market Analysis, Size, and Share by 2031

MARKET OVERVIEW

AC power sources are preferred over DC power sources for supply in homes owing to its low cost, ease of transmission, and easy conversion to DC. The increasing production of equipment used in the development of smart cities and consumer electronics boosts the demand for AC power sources in the Asia Pacific region during the forecast period. Besides, the government of the countries in this region is shifting their focus towards renewable power generation, thereby further strengthening the demand in this region.

MARKET SCOPE

The "Global AC Power Sources Market Analysis To 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the AC power sources market with detailed market segmentation by phase, modulation type, application, and geography. The report provides key statistics on the market status of the leading AC power sources market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on phase, the global AC power sources market is segmented into single phase and three phase.
  
•   On the basis of modulation type, the market is segmented into linear and pulse width modulation (PWM).
  
•   Based on application, the market is segmented into wireless communication and infrastructure, energy, consumer electronics and appliances, aerospace and defense, and others.
  

MARKET DYNAMICS

Drivers:

•   The AC power sources market is anticipated to grow in the forecast period on account of driving factors such as increasing equipment production for avionics, electric vehicles, and renewable power generation.
  
•   The concept of smart city and enhanced focus on energy-efficient business operations offer significant growth prospects for the key players active in the AC power sources market in the coming years.
  

Restraints:

•   Mature markets in developed nations are likely to restrain the growth of the AC power sources market during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The AC power sources market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the AC power sources market in these regions.

IMPACT OF COVID-19 ON AC POWER SOURCES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the AC power sources market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from AC power sources market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the AC power sources market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Ainuo Instrument Co., Ltd.
  
•   Aplab Limited
  
•   Associated Power Technologies
  
•   B and K Precision Corporation
  
•   Good Will Instrument Co., Ltd
  
•   Keysight Technologies
  
•   Kikusui Electronics Corporation
  
•   Newtons4th Ltd
  
•   Pacific Power Source, Inc.
  
•   Regatron AG
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

AC Power Sources Report Scope