The DIN rail power supply is based upon a series of standards created by Deutsches Institut fur Normung (DIN), which is a national standards organization in Germany. These power supplies are alternating current (AC) to direct current (DC) transformers in a variety of ranges. The end-user can obtain the required DC output power by using the various settings available in the power supply. These power supply units are easy to install and require less or no maintenance. With above said advantages of DIN rail power supplies, the downtime is kept at a minimum level without compromising the efficiency or the productivity of the plant. The DIN rail power supplies are mainly used in industry automation and control, light industrial, instrumentation, process control etc. It has started playing the role of an indispensable part in terms of power supply quality and reliability.
As to the market volume, it is estimated that the global sales volume of DIN rail power supply was about 8.6 Million Units in 2017.
Currently, Europe was the largest market of DIN rail power supply, with about 31% share of global total demand volume and about 40% revenue share. Germany is the largest market of DIN rail power supply in Europe.
The DIN rail power supply is mainly used in IT, industry, renewable energy, oil & gas, semiconductor, medical. The application market share of industry is more than 60%.
Currently, a major challenge affecting the market growth is the high price of DIN rail power supplies. As large demand of power supply products at home and abroad, many companies began to enter the field. The competition is very fierce.
The DIN rail power supply units are very easy to use and more importantly easy to replace when some problem does occur. Thus the downtime of productivity is greatly reduced. Despite the presence of competition problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
According to this study, over the next five years the DIN Rail Power Supply market will register a 3.3% CAGR in terms of revenue, the global market size will reach US$ 880 million by 2024, from US$ 730 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in DIN Rail Power Supply business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of DIN Rail Power Supply market by product type, application, key manufacturers and key regions and countries.
This study considers the DIN Rail Power Supply value and volume generated from the sales of the following segments:
Global DIN Rail Power Supply Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.DIN Rail Power Supply Industry report also provides essential attributes associated with DIN Rail Power Supply market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global DIN Rail Power Supply Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.DIN Rail Power Supply business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents DIN Rail Power Supply market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Bel Power Solutions
Market Segment by Type, covers:
Market Segment by Applications, can be divided into:
Power & Energy
Oil & Gas
The prospective of this DIN Rail Power Supply industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, DIN Rail Power Supply present market share and future prospects of the segment in terms of has also been explored in this report.
Global DIN Rail Power Supply market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. DIN Rail Power Supply report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the DIN Rail Power Supply Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.