Global AC Power Sources
Market Report
2024
AC Power Sources Market size is USD 1.1 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 2.10% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global AC Power Sources market size is USD 1.1 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global AC Power Sources Market Sales Revenue 2024 | $ 1.1 Billion |
Global AC Power Sources Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.1% |
Market Split by Type |
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Market Split by Modulation Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of AC Power Sources industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
AC Power Sources Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The AC power sources are apparatuses that produce alternating current (AC) electrical power to furnish a dependable electricity supply for diverse applications. Employed across various industries such as automotive, telecommunications, aerospace and defense, consumer electronics, and medical devices among others, AC power sources play a crucial role. They are indispensable for testing and verifying electronic devices and systems, as well as for energizing intricate machinery and equipment. The expansion of the AC power sources market can be credited to the rising production of equipment utilized in renewable power generation, avionics, and electric vehicles. Additionally, the growing requirement for energy-efficient devices in the industrial sector serves as a significant catalyst for market growth.
Rise in Manufacturing of Equipment Utilized in Renewable Power Generation to Increase the Demand Globally - One key driver in the AC Power Sources market is the rising production of equipment used in renewable power generation. Devices like PV inverters undergo thorough testing to obtain certification for grid-tied operation, even under adverse line conditions. The aerospace and defense sector is experiencing substantial growth, propelled by advancements like Unmanned Aircraft Systems (UAS), UAVs, and air traffic control systems. These intricate systems demand lightweight, high-power density AC power sources for compliance, accuracy, and reliability testing, thereby fueling demand for such equipment. Growth of Electric Vehicles (EVs)
High Cost of AC Power Sources Challenges in Integrating Renewable Energy Sources With Existing Power Grids
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In April 2024, AMETEK Programmable Power introduced the latest innovation, the Elgar™ Advanced Solar Power Simulator (ASPS). This series offers either two independent, isolated 600W channels or a single 1200W channel. With an industry-leading 2 second shunt switching recovery time, it ensures optimal power transfer, which is particularly beneficial for rapid PWM shunt switching in satellite PCDUs.
(Source:https://www.programmablepower.com/about-us/news/introducing-the-asps-series)
Top Companies Market Share in AC Power Sources Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the AC Power Sources market due to robust industrial activity and a strong emphasis on reliable power solutions. Additionally, the region's technological advancements and innovation drive demand for AC power sources across various sectors. Furthermore, increasing investments in renewable energy infrastructure contribute to market growth. Lastly, stringent regulatory standards and the need for compliance testing further stimulate demand for AC power sources in North America.
Asia-Pacific stands out as the fastest-growing region in the AC Power Sources market due to several compelling reasons. A substantial rise in industrialization within the region, is creating a heightened need for dependable and high-quality power sources across diverse industries. The region's expanding population and urbanization contribute to increased demand for consumer electronics, further propelling growth in the AC power sources market. Moreover, the Asia-Pacific region's leading position in this market is due to the increasing uptake of renewable energy sources such as solar and wind power.
The current report Scope analyzes AC Power Sources Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global AC Power Sources Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing AC Power Sources Industry growth. AC Power Sources market has been segmented with the help of its Type, Modulation Type Application, and others. AC Power Sources market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for AC Power Sources market.
Type of AC Power Sources analyzed in this report are as follows:
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According to Cognitive Market Research, PWM AC Power Sources stands out as the dominating category. Offering precise control over voltage and frequency, PWM technology meets the demanding requirements of diverse applications such as electronics testing, industrial automation, and power electronics research. Its ability to bracing a wide range of power conditions with high accuracy makes it indispensable for quality assurance and compliance testing. Further, PWM AC power sources are increasingly preferred for their energy efficiency and ability to mitigate harmonic distortion, fueling their adoption across industries and contributing to their accelerated market expansion.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global AC Power Sources Market is witnessing significant growth in the near future.
In 2023, the Single Phase segment accounted for noticeable share of global AC Power Sources Market and is projected to experience significant growth in the near future.
The Linear AC Power Sources segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Keysight Technologies Inc. , AMETEK Programmable Power Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Single Phase, Three Phase |
Modulation Type | Linear AC Power Sources, PWM AC Power Sources |
Application | Aerospace, Defense & Government Services, Energy, Wireless Communication & Infrastructure, Consumer Electronics & Appliances |
List of Competitors | Keysight Technologies Inc., Chroma ATE Inc., AMETEK Programmable Power Inc., B&K Precision Corporation, National Instruments Corporation, Tektronix Inc., California Instruments Corporation, Kikusui Electronics Corporation, MATSUSADA PRECISION Inc., NF Corporation |
This chapter will help you gain GLOBAL Market Analysis of AC Power Sources. Further deep in this chapter, you will be able to review Global AC Power Sources Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Modulation Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global AC Power Sources market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Single Phase have a significant impact on AC Power Sources market? |
What are the key factors affecting the Single Phase and Three Phase of AC Power Sources Market? |
What is the CAGR/Growth Rate of Linear AC Power Sources during the forecast period? |
By type, which segment accounted for largest share of the global AC Power Sources Market? |
Which region is expected to dominate the global AC Power Sources Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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