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AC Power Sources Market Overview:
The AC Power Sources Market size was valued at 1500 million in 2022, and is projected to reach 1750 million by 2030, growing at a CAGR of 2.50% from 2023 to 2030.
The AC power sources market is a vital segment within the electronics and test equipment industry. It encompasses companies that design, manufacture, and supply AC power sources used for testing and validating electronic devices.
These power sources simulate various voltage and frequency conditions to assess the performance, reliability, and efficiency of devices under real-world scenarios. With increasing technological advancements and the growing demand for reliable electronics, the AC power sources market has witnessed steady growth. Industries such as aerospace, automotive, telecommunications, and energy rely on these sources for accurate and repeatable testing.
Key factors driving the market include stringent quality standards, the need for energy-efficient devices, and the expansion of renewable energy systems. As technological complexity continues to rise, the AC power sources market is likely to evolve with innovations catering to diverse testing requirements.
Market Snapshot:
AC Power Sources Market - Report Coverage:
The “AC Power Sources Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the AC Power Sources Market.
| Attribute | Segment |
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By Type |
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By Industry Vertical |
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By Application |
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By Geography |
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AC Power Sources Market - Top Trends:
Energy Efficiency and Sustainability: Increasing emphasis on energy efficiency and sustainable practices has led to the development of AC power sources that optimize power usage and reduce energy wastage, aligning with global environmental concerns.
Renewable Energy Testing: With the growing adoption of renewable energy sources like solar and wind power, AC power sources are being utilized to simulate varying grid conditions, enabling accurate testing of devices and systems for integration into renewable energy networks.
Smart Grid Simulation: AC power sources are being used to simulate complex grid conditions and disturbances, enabling testing of smart grid technologies, microgrids, and power distribution systems.
Wide Frequency and Voltage Range: The demand for AC power sources capable of providing a wide range of frequencies and voltages to simulate real-world conditions for a diverse range of electronic devices is on the rise.
Digitalization and Remote Control: Integration of digital interfaces and remote control capabilities allow for more efficient testing processes, data collection, and automation, which are becoming increasingly important in modern manufacturing environments.
Harmonics and Distortion Analysis: AC power sources that can accurately replicate harmonics, transients, and distortions in the power supply are gaining significance as devices become more susceptible to such condition.
The AC Power Sources Market - Company Analysis :
Keysight Technologies: A key player in electronic measurement solutions, Keysight offers a wide range of AC power sources known for their precision and advanced features. Their products cater to industries like electronics, automotive, aerospace, and energy, providing accurate testing solutions.
Chroma Systems Solutions: Known for their programmable power supplies and AC power sources, Chroma focuses on delivering innovative and reliable test equipment. They offer solutions for various industries, including electric vehicles, renewable energy, and consumer electronics.
AMETEK Programmable Power: A part of AMETEK, Inc., this company specializes in programmable power supplies and sources. They serve industries like aerospace, defense, electronics, and automotive, providing solutions that offer high performance and flexibility.
B&K Precision Corporation: B&K Precision offers a range of AC power sources for testing various electronic devices and systems. Their solutions target industries like education, research, and electronics manufacturing
Yokogawa Electric Corporation: A global provider of industrial automation and test and measurement solutions, Yokogawa offers precision AC power sources for testing power equipment, renewable energy systems, and electric vehicles.
NH Research: This company focuses on programmable power sources and test solutions for industries like aerospace, defense, and automotive. Their products are known for their modularity and scalability.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the AC Power Sources Market Report. The top 10 companies in this industry are listed below:
Keysight Technologies
Chroma Systems Solutions
AMETEK Programmable Power
Tektronix
Agilent Technologies
Yokogawa Electric Corporation
Pacific Power Source
NH Research
Kepco Inc.
B&K Precision Corporation
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023 – 2030 |
CAGR | 2.50 % |
Market Size in 2030 | 1750 million |
Segments Covered | By Type, By Industry Vertical, By Application, By Geography |
Geographies Covered |
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Key Market Players |
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1. AC Power Sources Market - Overview
1.1. Definitions and Scope
2. AC Power Sources Market - Executive Summary
3. AC Power Sources Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. AC Power Sources Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.2. Investment
4.3. Revenue
4.4. Venture Capital and Funding Scenario
5. AC Power Sources Market – Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. AC Power Sources Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.5. Bargaining Power of Suppliers
6.6. Bargaining Powers of Customers
6.7. Threat of New Entrants
6.8. Rivalry Among Existing Players
6.9. Threat of Substitutes
7. AC Power Sources Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. AC Power Sources Market – BY TYPE (Market Size – $Million/$Billion)
8.1. Single Phase
8.1.1. Market Trends by Region
8.1.2. Market Share & Forecast by Region
8.2.Three Phase
8.2.1. Market Trends by Region
8.2.2. Market Share & Forecast by Region
8.3.Pulse Width Modulation
8.3.1. Market Trends by Region
8.3.2. Market Share & Forecast by Region
8.4. Linear
8.4.1. Market Trends by Region
8.4.2. Market Share & Forecast by Region
9. AC Power Sources Market – BY INDUSTRY VERTICAL (Market Size – $Million/$Billion)
9.1. Consumer Electronics Appliances
9.1.1. Market Trends by Region
9.1.2. Market Share & Forecast by Region
9.2. Automotive
9.2.1. Market Trends by Region
9.2.2. Market Share & Forecast by Region
9.3. Wireless Communication Infrastructure
9.3.1. Market Trends by Region
9.3.2. Market Share & Forecast by Region
9.4. Energy
9.4.1. Market Trends by Region
9.4.2. Market Share & Forecast by Region
9.5. Others
9.5.1. Market Trends by Region
9.5.2. Market Share & Forecast by Region
10. AC Power Sources Market – By APPLICATION (Market Size – $Million/$Billion)
10.1. Oil Gas
10.1.1. Market Trends by Region
10.1.2. Market Share & Forecast by Region
10.2. Energy Power
10.2.1. Market Trends by Region
10.2.2. Market Share & Forecast by Region
10.3. Automotive
10.3.1. Market Trends by Region
10.3.2. Market Share & Forecast by Region
10.4. Healthcare
10.4.1. Market Trends by Region
10.4.2. Market Share & Forecast by Region
10.5. Others
10.5.1. Market Trends by Region
10.5.2. Market Share & Forecast by Region
11. AC Power Sources Market – By Geography (Market Size – $Million/$Billion)
11.1. North America
11.1.1. The U.S.
11.1.2. Canada
11.1.3. Mexico
11.2. Europe
11.2.1. UK
11.2.2. Germany
11.2.3. France
11.2.4. Italy
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Asia-Pacific
11.3.1. China
11.3.2. India
11.3.3. Japan
11.3.4. South Korea
11.3.5. Australia & New Zealand
11.3.6. Rest of Asia-Pacific
11.4. South America
11.4.1. Brazil
11.4.2. Argentina
11.4.3. Chile
11.4.4. Colombia
11.4.5. Rest of South America
11.5. Rest of the World
11.5.1. Middle East
11.5.2. Africa
12. AC Power Sources Market – Entropy
12.1.1. New product launches
12.1.2. M&A’s, collaborations, JVs and partnerships
13. AC Power Sources Market – Industry/Segment Competition Landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Product Type – Key Companies
13.1.2. Market Share by Region – Key Companies
13.1.3. Market Share by Country – Key Companies
13.2. Competition Matrix
13.3. Best Practices for Companies
14. AC Power Sources Market – Key Company List by Country Premium
15. AC Power Sources Market - Company Analysis
15.1. Keysight Technologies
15.2. Chroma ATE Inc
15.3. AMETEK Programmable Power
15.4. Good Will Instrument Co. Ltd.
15.5. Kikusui Electronics Corporation
15.6. AC Power Corp
15.7. Regatron AG
15.8. BAndK Precision Corporation
15.9. Ainuo Instruments
15.10. Pacific Power Source
15.11. Tektronix
15.12. Agilent Technologies
15.13. Yokogawa Electric Corporation
15.14. NH Research
15.15. Kepco Inc.
15.16. Magna-Power Electronics
15.17. NHM Limited
15.18. Preen AC Power Corp.
15.19. aton Corporation
15.20.Rohde & Schwarz
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The AC Power Sources Market is projected to grow at 2.50 % CAGR during the forecast period 2023-2030.
AC Power Sources Market size is projected to reach 1750 million by 2030
The leading players in the AC Power Sources Market are Keysight Technologies, Chroma Systems Solutions, AMETEK Programmable Power, Tektronix, Agilent Technologies, Yokogawa Electric Corporation, Pacific Power Source, NH Research, Kepco Inc., B&K Precision Corporation.