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AC Power Sources Market Revenue to Hit $1.1 billion by 2024 at a CAGR of 2.4% from 2019 to 2024


(EnergyIndustry.Net, February 13, 2020 ) According to the new market research report “AC Power Sources Market by Phase Type (Single, Three) Modulation Type (PWM, Linear) Application (Aerospace, Defence & Government Services, Energy, Wireless Communication &Infrastructure, Consumer Electronics & Appliances, Others) Region - Global Forecast to 2024” published by MarketsandMarkets™, the AC Power Sources Market is expected to grow from an estimated USD 1.0 billion in 2019 to USD 1.1 billion by 2024, at a CAGR of 2.4%, during the forecast period. The growth of the AC Power Sources Market can be attributed to the increasing manufacturing of equipment used in renewable power generation, avionics and electric vehicles, implementation of smart cities, and growing focus on energy-efficient business operations.

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The PWM segment is expected to hold the largest share of the AC Power Sources Market, by modulation type, during the forecast period.

The PWM segment led the AC Power Sources Market in 2018 and is also projected to dominate the AC Power Sources Market during the forecast period. PWM AC power sources cater to applications such as LED light production line, AC motors, medical equipment testing, home appliances, and avionics & marine equipment testing. The PWM AC power sources are comparatively smaller in size and more efficient than linear AC power sources. The efficiencies of PWM AC power sources exceed 90%, and hence, incur negligible power loss. Such advantages of PWM AC power sources are expected to drive the growth of the PWM AC power source during the forecast period.

The energy segment, by application, is expected to be the largest segment of the AC Power Sources Market.

The energy segment is expected to be the largest segment of the AC Power Sources Market, by application, during the forecast period. The AC power sources are used for testing batteries, inverters, UPS, solar panels, and other grid-tied devices. There is a rapid increase in the number of renewable energy projects which in turn boost the demand for testing and manufacturing equipment used for renewable power generation. The demand for AC power sources is driven by an increasing need for testing and manufacturing equipment used in renewable power generation and government initiatives for clean and efficient power generation.

Browse and in-depth TOC on “AC Power Sources Market”

104 - Tables

38 - Figures

148 - Pages

Asia Pacific: the leading AC Power Sources Market

In this report, the AC Power Sources Market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific market is expected to lead the AC Power Sources Market by region. The growth of the AC Power Sources Market in the Asia Pacific region can be attributed to increased testing of consumer electronics & appliances, equipment used in renewable power generation, and development of smart cities infrastructure.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the AC Power Sources Market. They are AMETEK Inc (US), Chroma ATE (Taiwan), Keysight Technologies (US), Kikusui Electronics Corporation (Japan), Pacific Power Source (US), and Matsusada Precision (Japan). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Sanjay Gupta

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441



Mr. Sanjay Gupta


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