• Stacy Lawlor

Global Computer Power Supplies Market Size to grow USD 5070.31 million by 2028

The Global Computer Power Supplies Market Size is projected to grow from USD 3,800.6 million in 2020 to USD 5070.31 million by 2028 at a CAGR of 5.7% during the forecast period.

Global Computer Power Supplies Market Size to grow USD 5070.31 million by 2028

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Computer power supplies are used to deliver the electrical energy that computing devices need to work properly. It's also known as an electric current because it supplies the necessary voltage and ampere (current) to all of the components inside or outside a computer system.


The computer power supplies market is expected to witness substantial growth due to rising demand for laptops, desktop computers, and other electronic peripherals. A power supply converts AC power from the wall/line to DC power, which can then be distributed and used to power various components of a server, including the motherboard and hard drives. There are two types of computer power supplies: AC power supply and DC power supply. Moreover, growing the utilization of computers and laptops increases the demand for power supplies equipment during the forecast period.


COVID-19 can affect the global economy in three major ways: causing supply chain and market disruption, directly impacting production and demand, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities post the COVID-19 pandemic. The purpose of the report is to provide a more detailed representation of the current circumstances, the economic slowdown, and the influence of COVID-19 on the total industry.

Global Computer Power Supplies Market Size to grow USD 5070.31 million by 2028

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Technological Development in the Market Creates a Lucrative Opportunity


Manufacturers are now able to create innovative power supplies due to technological advancements. For example, Akyga has released a 600W Pro modular series compatible with ATX2 that is aimed at power users. Simplicity, low noise levels, reliability, and low cost are all advantages of linear mode power supply. These power supplies, often known as linear regulators (LR), have a relatively simple design with very few components. Further, major manufacturers are highly focusing on the development of innovative products, which is expected to boost market demand during the forecast period.


Increasing Use of Computers in Various Industries Driving Market Growth


Increased digitization in many industrial verticals, such as electricity generation, transmission and distribution, gas distribution, water treatment, manufacturing, oil and gas, chemicals, and so on, is driving demand for industrial PCs for process control and monitoring applications. Edge and fog computing is being used to speed up data processing, which is bringing up new possibilities for digitalization. Because switching power supplies are used in these data servers and industrial computers, their increased usage will help boost the switching power supply market.


North America is the largest market for computer power supplies due to factors such as rising demand for computing devices from end-use industries combined with high penetration of cloud infrastructure across enterprises, the North American region currently holds a dominant position in the market and is expected to maintain this trend during the forecast period.

Global Computer Power Supplies Market Size to grow USD 5070.31 million by 2028

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Europe is expected to be the second-largest market for Computer Power Supplies due to increasing demand from end-use industries such as healthcare, education, and others. The global Computer Power Supplies market is predicted to grow significantly in the Asia Pacific region. The Computer Power Supplies market is predicted to be moderately dominated by the Middle East and Africa.


KEY INDUSTRY DEVELOPMENTS:


In April 2015, Lindsay Corporation opened a new center pivot manufacturing and distribution facility in Turkey to increase its service in the Middle East as well as nations including Russia, Ukraine, and the rest of the CIS.


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https://www.extrapolate.com/Semiconductor-Electronics/computer-power-supplies-market/25679

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