Alternating Current Power System Market by Type, End-user, Product, and Geography - Forecast and Analysis 2023-2027

Published: Jan 2023 Pages: 194 SKU: IRTNTR74904

The global alternating current power system market size is estimated to decline at a CAGR of 4.98% between 2022 and 2027. The size of the market is forecast to increase by USD 60.78 billion.

Governments have been concentrating on boosting power capacity and developing grid infrastructure during the last few years. As a result, a vast network of transmission lines has been built to transport power generated at stations to consumers. The electricity transmission market will grow due to ongoing utility-based transmission network growth and increased grid infrastructure renovation spending. Additionally, factors such as rising demand from the telecom industry, and increasing demand for AC power systems in power generation plants will rapidly propel the market growth.

This report extensively covers market segmentation by type (three-phase and single-phase), end-user (non-residential and residential), product (generator, switchgear, UPS, PDU, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report consists of historic market data from 2017 to 2021.

What will be the size of the Alternating Current Power System Market During the Forecast Period?

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Alternating Current Power System Market: Key Drivers, Trends, Challenges, and Customer Landscape

Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Alternating Current Power System Market Driver

The rising demand from the telecom industry is notably driving market growth. The telecom industry has grown tremendously over the past decade, supported by advanced technologies. Telecom companies are now managing their voice networks along with data, broadband, mobile, and TV-related services. The industry has become highly disruptive, and customers' expectations continue to rise. This has emphasized the need for maintaining smooth operations and efficient management of assets for telecom operators.

Power is the basic requirement for all the equipment and components in the telecom industry, therefore, the industry is highly reliant on generators and uninterruptible power supply (UPS) systems to protect assets from power outages, as minor power outages can also lead to huge revenue losses for telecom companies. The telecom industry is growing because of factors such as a rise in mobile subscriptions due to network expansions by operators and the declining cost of smartphones. Thus, mobile subscriptions are becoming affordable for all income groups. In addition, the growing use of the IoT in the telecom ecosystem and the introduction of 4G and 5G technologies have increased the demand for power demand from the industry. Hence, these factors will boost the global AC power system market during the forecast period.

Significant Alternating Current Power System Market Trend

The growing use of e-commerce is an emerging trend in the market. The growing digitalization and e-commerce industry have compelled several vendors operating in the global market to take their products online to increase their market share and profits. Several vendors are also displaying their products on their websites. E-commerce is viewed by many companies and customers as being more effective than traditional brick-and-mortar establishments. Businesses cut costs, and customers have a wide range of product options and can purchase whenever they want, from anywhere in the world.

E-commerce benefits companies by enabling them to gather customer information. Businesses can sell their products more effectively by using consumer purchasing patterns, demographics, and preferences. Companies can lessen the risk of overstocking or understocking a product by using e-commerce data to forecast when demand for a product will be higher or lower. Additionally, businesses may utilize this data to facilitate customers' buying experiences. Thus, factors like these are expected to drive the growth of the global AC power system market during the forecast period.

Major Alternating Current Power System Market Challenge

Difficulties in keeping pace with changing customer demand are major challenges impeding market growth. AC power system manufacturers are subject to heavy cost pressures due to a demanding consumer base. With the lack of product differentiation of AC power systems, there is a marked variation in prices among manufacturers. There are multiple small and non-branded players that rival major brands. Major players such as ABB, Delta Electronics, and Lite-on Power System Solutions contribute significantly to the worldwide demand for AC power systems. These vendors have the resources to push their products to wider end-users. Major players differentiate their products by offering high quality, which increases the manufacturing cost and product price. As most customers are price-sensitive, they prefer small vendors. This acts as a challenge for vendors operating in the market as they have to balance both the quality and price of their products.

Product differentiation can only be achieved through R&D. However, major players are reluctant to invest in R&D to avoid a further rise in manufacturing costs. All the factors mentioned above reduce the profit margin of vendors. Hence, such factors will hinder the growth of the global AC power system market during the forecast period.

Key Alternating Current Power System Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Alternating Current Power System Market Customer Landscape

Who are the Major Alternating Current Power System Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the alternating current (AC) power system market.

LS ELECTRIC Co. Ltd. -. The company offers solutions, systems, and devices. The key offerings of the company include alternating current power systems. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • ABB Ltd.
  • Advanced Energy Industries Inc.
  • AEG Power Solutions BV
  • Delta Electronics Inc.
  • Eaton Corp. Plc
  • EnerSys
  • General Electric Co.
  • Hitachi Ltd.
  • Infineon Technologies AG
  • Itech Electronic Co. Ltd.
  • Joe Powell and Associates Inc.
  • MEAN WELL Enterprises Co. Ltd.
  • Mitsubishi Electric Corp.
  • Myers Power Products Inc.
  • Powertek US Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Alternating Current Power System Market?

The market share growth by the three-phase segment will be significant during the forecast period. Three current-carrying conductors are the main component of three-phase power systems. These power supplies' circuits might be set up in a wye or delta configuration.

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The three-phase segment was valued at USD 156.60 billion in 2017 and continued to grow until 2021. There is a neutral wire in wye designs. Three sine waves, one for each conductor, with a phase difference of 1200, are used to depict a three-phase electrical system. Each phase has a frequency and amplitude that are equal. In this power system, the waves twice reach the peak voltage for each full cycle, and the net voltage never falls below zero. As a result, the load receives a consistent stream of electricity at a nearly constant rate. When carrying the same load, a three-phase power supply's efficiency is much higher than that of a single power supply. Heavy-duty industrial equipment with high power requirements uses three-phase power systems. They are frequently employed to power motors, electric heaters, pumps, and other devices. Their operation is more cost-effective. Thus, increasing high power requirements are expected to drive the growth of the segment in the global market during the forecast period.

Which are the Key Regions for the Alternating Current Power System Market?

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APAC is estimated to contribute 65% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The market in APAC is anticipated to grow during the forecast period due to the fact that nations such as China, India, and Japan have a strong demand for electricity. Power transmission and distribution infrastructures are receiving a major investment from governments of Asia-Pacific nations. This is expected to increase the demand for flexible AC transmission systems in the near future. The demand for power in the Asia Pacific region is also significantly influenced by consistent economic expansion, rapid urbanization, and rising living standards.

The world's largest manufacturing hub, China, has grown to be an important market for alternating current power systems. Power generation capacity increased substantially in 2020, which surged the need for power transformers, switchgear, and related accessories in the country. In addition, the country had planned to add a major amount of hydropower and wind power capacity by 2020, thereby boosting the need for alternating current power systems.

Furthermore, India contributes immensely to the AC power system market in the region. Rapid developments in both commercial and industrial infrastructures are taking place in the country. The government emphasizes the expansion of T&D networks to improve the existing infrastructure that will propel the demand for AC power systems such as power transformers and switch gears in the country during the forecast period. Moreover, programs such as Make in India are anticipated to strengthen India's industrial manufacturing and processing sectors, placing the nation as one of the most promising markets for alternating current power systems during the forecast period.

In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in APAC. However, the initiation of vaccination drives and the lifting of lockdown restrictions by the end of 2020 led to the resumption of industrial operations in the region. This led to a resurgence in the demand for electricity. Therefore, these factors are expected to foster the demand for AC power systems during the forecast period. Hence, such factors are expected to drive the growth of the AC power system market in APAC during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (USD Billion, 2017 - 2027)
    • Three-phase
    • Single-phase
  • End-user Outlook (USD Billion, 2017 - 2027)
    • Non-residential
    • Residential
  • Product Outlook (USD Billion, 2017 - 2027)
    • Generator
    • Switchgear
    • UPS
    • PDU
    • Others
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Alternating Current Power System Market Scope

Report Coverage

Details

Page number

194

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Decelerate at a CAGR of 4.98%

Market growth 2023-2027

USD 60.78 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

4.56

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 65%

Key countries

US, China, India, Japan, and Germany

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Advanced Energy Industries Inc., AEG Power Solutions BV, Delta Electronics Inc., Eaton Corp. Plc, EnerSys, General Electric Co., Hitachi Ltd., Infineon Technologies AG, Itech Electronic Co. Ltd., Joe Powell and Associates Inc., LITE ON Technology Corp., LS ELECTRIC Co. Ltd., MEAN WELL Enterprises Co. Ltd., Mitsubishi Electric Corp., Myers Power Products Inc., Powertek US Inc., Schaefer Inc., Schneider Electric SE, Siemens AG, Vertiv Holdings Co., Vicor Corp., Zhejiang CHINT Electrics Co. Ltd., and Fuji Electric Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Alternating Current Power System Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the  alternating current (AC) power system Market between 2023 and 2027
  • Precise estimation of the size of the alternating current power system market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of alternating current power system market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 08: Executive Summary – Chart on Incremental Growth
    • Exhibit 09: Executive Summary – Data Table on Incremental Growth
    • Exhibit 10: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 11: Parent market
    • Exhibit 12: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 13: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 14: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 15: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 17: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 18: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global alternating current power system market 2017 - 2021
      • Exhibit 19: Historic Market Size – Data Table on Global alternating current power system market 2017 - 2021 ($ billion)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
    • 4.4 Non-residential end-user Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Non-residential end-user Segment 2017 - 2021 ($ billion)
    • 4.5 Product Segment Analysis 2017 - 2021
      • Exhibit 23: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.6 Geography Segment Analysis 2017 - 2021
      • Exhibit 24: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.7 Country Segment Analysis 2017 - 2021
      • Exhibit 25: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Historic Market Size

    • 5.1 Global alternating current power system market 2022 - 2027
      • Exhibit 26: Historic Market Size (value) – Data Table on Global alternating current power system market 2022 - 2027 ($ billion)
      • Exhibit 27: Historic Market Size (volume) – Data Table on Global alternating current power system market 2022 - 2027 ($ billion)
    • 5.2 Global alternating current power system market by Segment – Historic Analysis 2022 - 2027
      • Exhibit 28: Historic Market Size (value) - Data Table on Global alternating current power system market Segment 2022 - 2027 ($ billion)

    6 Five Forces Analysis

    • 6.1 Five forces summary
      • Exhibit 29: Five forces analysis - Comparison between 2022 and 2027
    • 6.2 Bargaining power of buyers
      • Exhibit 30: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 6.3 Bargaining power of suppliers
      • Exhibit 31: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 6.4 Threat of new entrants
      • Exhibit 32: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 6.5 Threat of substitutes
      • Exhibit 33: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 6.6 Threat of rivalry
      • Exhibit 34: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 6.7 Market condition
      • Exhibit 35: Chart on Market condition - Five forces 2022 and 2027

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 36: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 37: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 38: Chart on Comparison by Type
      • Exhibit 39: Data Table on Comparison by Type
    • 7.3 Three-phase - Market size and forecast 2022-2027
      • Exhibit 40: Chart on Three-phase - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 41: Data Table on Three-phase - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 42: Chart on Three-phase - Year-over-year growth 2022-2027 (%)
      • Exhibit 43: Data Table on Three-phase - Year-over-year growth 2022-2027 (%)
    • 7.4 Single-phase - Market size and forecast 2022-2027
      • Exhibit 44: Chart on Single-phase - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 45: Data Table on Single-phase - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 46: Chart on Single-phase - Year-over-year growth 2022-2027 (%)
      • Exhibit 47: Data Table on Single-phase - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 48: Market opportunity by Type ($ billion)

    8 Market Segmentation by End-user

    • 8.1 Market segments
      • Exhibit 49: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 50: Data Table on End-user - Market share 2022-2027 (%)
    • 8.2 Comparison by End-user
      • Exhibit 51: Chart on Comparison by End-user
      • Exhibit 52: Data Table on Comparison by End-user
    • 8.3 Non-residential - Market size and forecast 2022-2027
      • Exhibit 53: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 54: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 55: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 56: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
    • 8.4 Residential - Market size and forecast 2022-2027
      • Exhibit 57: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 58: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 59: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 60: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 8.5 Market opportunity by End-user
      • Exhibit 61: Market opportunity by End-user ($ billion)

    9 Market Segmentation by Product

    • 9.1 Market segments
      • Exhibit 62: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 63: Data Table on Product - Market share 2022-2027 (%)
    • 9.2 Comparison by Product
      • Exhibit 64: Chart on Comparison by Product
      • Exhibit 65: Data Table on Comparison by Product
    • 9.3 Generator - Market size and forecast 2022-2027
      • Exhibit 66: Chart on Generator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Data Table on Generator - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 68: Chart on Generator - Year-over-year growth 2022-2027 (%)
      • Exhibit 69: Data Table on Generator - Year-over-year growth 2022-2027 (%)
    • 9.4 Switchgear - Market size and forecast 2022-2027
      • Exhibit 70: Chart on Switchgear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Data Table on Switchgear - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 72: Chart on Switchgear - Year-over-year growth 2022-2027 (%)
      • Exhibit 73: Data Table on Switchgear - Year-over-year growth 2022-2027 (%)
    • 9.5 UPS - Market size and forecast 2022-2027
      • Exhibit 74: Chart on UPS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Data Table on UPS - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 76: Chart on UPS - Year-over-year growth 2022-2027 (%)
      • Exhibit 77: Data Table on UPS - Year-over-year growth 2022-2027 (%)
    • 9.6 PDU - Market size and forecast 2022-2027
      • Exhibit 78: Chart on PDU - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Data Table on PDU - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 80: Chart on PDU - Year-over-year growth 2022-2027 (%)
      • Exhibit 81: Data Table on PDU - Year-over-year growth 2022-2027 (%)
    • 9.7 Others - Market size and forecast 2022-2027
      • Exhibit 82: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 84: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 85: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 9.8 Market opportunity by Product
      • Exhibit 86: Market opportunity by Product ($ billion)

    10 Customer Landscape

    • 10.1 Customer landscape overview
      • Exhibit 87: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    11 Geographic Landscape

    • 11.1 Geographic segmentation
      • Exhibit 88: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 89: Data Table on Market share by geography 2022-2027 (%)
    • 11.2 Geographic comparison
      • Exhibit 90: Chart on Geographic comparison
      • Exhibit 91: Data Table on Geographic comparison
    • 11.3 APAC - Market size and forecast 2022-2027
      • Exhibit 92: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 93: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 95: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 11.4 North America - Market size and forecast 2022-2027
      • Exhibit 96: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 97: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 99: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 11.5 Europe - Market size and forecast 2022-2027
      • Exhibit 100: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 101: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 103: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 11.6 South America - Market size and forecast 2022-2027
      • Exhibit 104: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 105: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 106: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 107: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 11.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 108: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 109: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 110: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 111: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 11.8 China - Market size and forecast 2022-2027
      • Exhibit 112: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 113: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 114: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 115: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 11.9 US - Market size and forecast 2022-2027
      • Exhibit 116: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 117: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 118: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 119: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 11.10 India - Market size and forecast 2022-2027
      • Exhibit 120: Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 121: Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 122: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 123: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 11.11 Japan - Market size and forecast 2022-2027
      • Exhibit 124: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 125: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 126: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 127: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 11.12 Germany - Market size and forecast 2022-2027
      • Exhibit 128: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 129: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 130: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 131: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 11.13 Market opportunity by geography
      • Exhibit 132: Market opportunity by geography ($ billion)

    12 Drivers, Challenges, and Trends

    • 12.1 Market drivers
      • 12.2 Market challenges
        • 12.3 Impact of drivers and challenges
          • Exhibit 133: Impact of drivers and challenges in 2022 and 2027
        • 12.4 Market trends

          13 Vendor Landscape

          • 13.1 Overview
            • 13.2 Vendor landscape
              • Exhibit 134: Overview on Criticality of inputs and Factors of differentiation
            • 13.3 Landscape disruption
              • Exhibit 135: Overview on factors of disruption
            • 13.4 Industry risks
              • Exhibit 136: Impact of key risks on business

            14 Vendor Analysis

            • 14.1 Vendors covered
              • Exhibit 137: Vendors covered
            • 14.2 Market positioning of vendors
              • Exhibit 138: Matrix on vendor position and classification
            • 14.3 ABB Ltd.
              • Exhibit 139: ABB Ltd. - Overview
              • Exhibit 140: ABB Ltd. - Business segments
              • Exhibit 141: ABB Ltd. - Key news
              • Exhibit 142: ABB Ltd. - Key offerings
              • Exhibit 143: ABB Ltd. - Segment focus
            • 14.4 Advanced Energy Industries Inc.
              • Exhibit 144: Advanced Energy Industries Inc. - Overview
              • Exhibit 145: Advanced Energy Industries Inc. - Business segments
              • Exhibit 146: Advanced Energy Industries Inc. - Key offerings
              • Exhibit 147: Advanced Energy Industries Inc. - Segment focus
            • 14.5 AEG Power Solutions BV
              • Exhibit 148: AEG Power Solutions BV - Overview
              • Exhibit 149: AEG Power Solutions BV - Product / Service
              • Exhibit 150: AEG Power Solutions BV - Key offerings
            • 14.6 Delta Electronics Inc.
              • Exhibit 151: Delta Electronics Inc. - Overview
              • Exhibit 152: Delta Electronics Inc. - Business segments
              • Exhibit 153: Delta Electronics Inc. - Key offerings
              • Exhibit 154: Delta Electronics Inc. - Segment focus
            • 14.7 EnerSys
              • Exhibit 155: EnerSys - Overview
              • Exhibit 156: EnerSys - Business segments
              • Exhibit 157: EnerSys - Key news
              • Exhibit 158: EnerSys - Key offerings
              • Exhibit 159: EnerSys - Segment focus
            • 14.8 General Electric Co.
              • Exhibit 160: General Electric Co. - Overview
              • Exhibit 161: General Electric Co. - Business segments
              • Exhibit 162: General Electric Co. - Key news
              • Exhibit 163: General Electric Co. - Key offerings
              • Exhibit 164: General Electric Co. - Segment focus
            • 14.9 Hitachi Ltd.
              • Exhibit 165: Hitachi Ltd. - Overview
              • Exhibit 166: Hitachi Ltd. - Business segments
              • Exhibit 167: Hitachi Ltd. - Key news
              • Exhibit 168: Hitachi Ltd. - Key offerings
              • Exhibit 169: Hitachi Ltd. - Segment focus
            • 14.10 Infineon Technologies AG
              • Exhibit 170: Infineon Technologies AG - Overview
              • Exhibit 171: Infineon Technologies AG - Business segments
              • Exhibit 172: Infineon Technologies AG - Key news
              • Exhibit 173: Infineon Technologies AG - Key offerings
              • Exhibit 174: Infineon Technologies AG - Segment focus
            • 14.11 Joe Powell and Associates Inc.
              • Exhibit 175: Joe Powell and Associates Inc. - Overview
              • Exhibit 176: Joe Powell and Associates Inc. - Product / Service
              • Exhibit 177: Joe Powell and Associates Inc. - Key offerings
            • 14.12 LITE ON Technology Corp.
              • Exhibit 178: LITE ON Technology Corp. - Overview
              • Exhibit 179: LITE ON Technology Corp. - Business segments
              • Exhibit 180: LITE ON Technology Corp. - Key offerings
              • Exhibit 181: LITE ON Technology Corp. - Segment focus
            • 14.13 MEAN WELL Enterprises Co. Ltd.
              • Exhibit 182: MEAN WELL Enterprises Co. Ltd. - Overview
              • Exhibit 183: MEAN WELL Enterprises Co. Ltd. - Product / Service
              • Exhibit 184: MEAN WELL Enterprises Co. Ltd. - Key offerings
            • 14.14 Mitsubishi Electric Corp.
              • Exhibit 185: Mitsubishi Electric Corp. - Overview
              • Exhibit 186: Mitsubishi Electric Corp. - Business segments
              • Exhibit 187: Mitsubishi Electric Corp. - Key news
              • Exhibit 188: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 189: Mitsubishi Electric Corp. - Segment focus
            • 14.15 Schaefer Inc.
              • Exhibit 190: Schaefer Inc. - Overview
              • Exhibit 191: Schaefer Inc. - Product / Service
              • Exhibit 192: Schaefer Inc. - Key offerings
            • 14.16 Schneider Electric SE
              • Exhibit 193: Schneider Electric SE - Overview
              • Exhibit 194: Schneider Electric SE - Business segments
              • Exhibit 195: Schneider Electric SE - Key news
              • Exhibit 196: Schneider Electric SE - Key offerings
              • Exhibit 197: Schneider Electric SE - Segment focus
            • 14.17 Siemens AG
              • Exhibit 198: Siemens AG - Overview
              • Exhibit 199: Siemens AG - Business segments
              • Exhibit 200: Siemens AG - Key news
              • Exhibit 201: Siemens AG - Key offerings
              • Exhibit 202: Siemens AG - Segment focus

            15 Appendix

            • 15.1 Scope of the report
              • 15.2 Inclusions and exclusions checklist
                • Exhibit 203: Inclusions checklist
                • Exhibit 204: Exclusions checklist
              • 15.3 Currency conversion rates for US$
                • Exhibit 205: Currency conversion rates for US$
              • 15.4 Research methodology
                • Exhibit 206: Research methodology
                • Exhibit 207: Validation techniques employed for market sizing
                • Exhibit 208: Information sources
              • 15.5 List of abbreviations
                • Exhibit 209: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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