Research and Markets has announced the addition of Frost & Sullivan’s new report North Asian AC-DC Converters and SPS Markets to their offering.
The increase in demand for AC-DC converters and Switching Power Supplies (SPS) products from the Chinese market is a result of the strong industrial growth displayed by this region. In a move to improve cost-efficiencies, manufacturing shifted to Asia, specifically China and directly boosted the growth of AC-DC converters. "The demand from end-user markets such as consumer electronics, telecommunications and industrial applications acts as a major driver for the AC-DC power converters market," according to the analyst of the study. "In addition, the boom in China’s manufacturing sector has created a niche for it in the power electronics market which consequently drives demand for AC-DC converters."
Demand from other Asian countries such as the South Korea, Japan, and Taiwan is growing but at a lesser and more stable rate than China’s. The rapid growth of AC-DC converters market segment in China is mainly due to its burgeoning economy, which is pushing the growth of most industries. A major portion of the vast demand is expected to arise from telecommunications as well as the original equipment manufacturing (OEM) industry.
Technological Advances and Growth of End-user Markets Likely to Increase Demand for AC-DC Converters and SPS Products
Currently, AC-DC converters are facing substitution from other technologies such as DC-DC converters, which offer better power densities and efficiencies. However, technological advances such as implementation of digital controls as well as shrinking footprints are significantly boosting the market prospects of AC-DC SPS. Also, an increase in applications usage for SPS products is likely to be a result of the proliferation of telecommunication equipment, consumer electronics, as well as medical devices.
Moreover, China’s improved manufacturing capability and its corresponding effects on the power electronics market is expected to increase the demand for SPS products, especially in the low to medium range. "Currently, telecommunications is one of the fastest growing industries in the world, and it is expected to substantially influence the SPS market," explains the analyst. "The increase in the usage of SPS in telecommunications applications is expected to aid the growth of this market."
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