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Power Supply Market to Grow by 2.4 Percent in 2013, Following a |
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fter declining by 3.0 percent in 2012, the global market for merchant power supplies is forecast to grow by 2.4 percent in 2013. This rebound is being driven by rising demand in the tablet, smartphone, LED lighting and server markets according to IMS Research, now part of IHS Inc.Strong demand for consumer devices such as tablets and smart phones has driven demand for bundled power adapters, helping to maintain growth in the overall power supply market. Both of these markets are each projected to grow by $250 million from 2012 to 2014 with growth in the tablet PC market showing no signs of slowing. However, longer term growth projections for the mobile phone market are much lower as phones are predicted to begin to ship without a bundled charger in increasing quantities. In addition, the adoption of LED lighting and the continuing growth of datacenters are also projected to help the market to rebound in 2013 and are forecast to be key growth drivers in the coming years. Both the market for power supplies in LED lighting and server and storage applications are each forecast to grow by $500 million over the next five years. However, these four applications account for only 25 percent of the total power supply market. Large, traditional markets such as industrial and telecommunications continue to suffer from a lack of investment and low business confidence which reduces demand for power supplies needed for new equipment and machinery. It is forecast that these two markets in particular will suffer from weak end-equipment demand for the foreseeable future with revenue not returning to 2011 values for a projected four years. The overall long term outlook is relatively positive with the market projected to grow annually through to 2017 at between 2.4% and 4.4%. However, this is below the historical levels of growth experienced in the power supply industry. To ensure growth and recovery in coming years, suppliers must identify and target markets that will provide them with future opportunities as demand remains low in many of the traditional sectors which some suppliers have depended on in the past.
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