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he world market for merchant power supplies is rose 3.9 percent year over year to reach $19.7 billion in 2015. Growth is expected to remain flat in 2016, before stabilizing to modest growth from 2017 to 2020. IHS Markit forecasts that the market will reach $23 billion in revenue by 2020.
AC-DC Non-Commodity Market to Exceed AC-DC Commodity Market in 2016
IHS Markit splits the market into “commodity” high-volume consumer power supplies and lower-volume “non-commodity” power supplies, in order to improve the clarity of the analysis.
The AC-DC non-commodity market is projected to be the fastest-growing market on a revenue basis from 2015 to 2020, with a compound annual growth rate (CAGR) of 9.2 percent, according to the IHS Markit Power Supplies Intelligence Service. The increase will be driven by strong growth in the lighting and military and aerospace markets, in particular. In 2016 the AC-DC non-commodity market is expected to exceed the AC-DC commodity market in revenue, becoming the largest merchant power-supply market by type.
Revenue for the AC-DC commodity market peaked in 2015, as demand declined in key commodity applications -- in particular, power supplies for computer and office and mobile devices and chargers.
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Revenue for the DC-DC converter market is estimated to have grown by almost 4 percent in 2015. Much of this growth was driven by the server, networking and the military and aerospace markets. Growth is predicted to slow from 2016 to 2020, as demand for some segments of end-equipment weakens – particularly, cellular infrastructure.
LED Lighting Leads Growth in Non-Commodity Power Supplies
Lighting is projected to be the fastest-growing application from 2015 to 2020. The market for merchant power supplies in lighting applications is estimated to have been worth $1.26 billion in 2015, which accounted for 6.4 percent of total market revenues. The lighting market for power supplies is projected to increase to $5.2 billion in 2020 as LED lighting adoption penetrates the commercial markets.
Provided by Victoria Fodale,
Senior Analyst, IHS Markit |
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