Rugged Power Supply Market Key Leaders, Emerging Technology, future 2027
Globally, the rugged power supply market is expected to have moderate growth over the forecast period. This is due to the strong need for durable and reliable power supply in industry verticals that operate in unpredictable climatic conditions, standardization of power supply products, and high investments in defense sectors to ensure national security. However, budget constraints and lack of awareness in most of the developing economies act as major restraining factors for the growth of the rugged power supply market.
Rugged Power Supply market Analysis is expected to grow from USD 13.16 billion in 2018 to USD 17.66 billion by 2023
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The prominent players in global rugged power supply market are XP Power (US), North Atlantic Industries (US), Aegis Power Systems (US), Schaefer (US), TDK-Lambda (Japan), Extreme Engineering Solutions (US), Evercom (Belgium), Crystal Group, Martek Power (US), ABSOPULSE Electronics (Canada), and Bluestone Technology (UK).
The global market for global rugged power supply is estimated to grow at a moderate rate during the forecast period from 2018 to 2023. The geographical analysis of the market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
North America is presumed to have moderate growth in the rugged power supply market. The US and Canada are the leading countries in the region. The growth is attributed to increase in demand for the rugged power supply units in the defense and aerospace industry verticals. Asia Pacific is also anticipated to be the fastest growing region in the rugged power supply market over the forecast period. India, Japan, South Korea, and China are the leading countries in the rugged power supply market. Increasing need for rugged power supply in the defense and telecommunication sector is expected to boost the growth of the market in the APAC region.
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