The power market is expected to produce in toughness 2014 onwards. This was the forecast which was given in the 11th edition of AC-DC Power Supplies Worldwide Forecasts Trends, Developments and Competitive Environment. The article indicates that 2014 will be the ideal year for standard AC/DC power applications as well as new emerging power solutions.
As per the report, a range of industries are most likely to experience numerous changes in 2014. Some of the industries highlighted are communications, medical, military, consumer, and LED.
Communications: This industry is being promoted to be the greatest market for DC and AC power supply products. Its consumer products segment is going to be the principle reason behind its growth. However, a little competition from the LED industry will be seen by the communications sector.
LED: The growing global acceptance of LED lighting in household, professional, and industrial uses will see a much better expansion because of this industry in the coming years. ecopac led driver is expected to be the fastest growing 1 after the communications industry.
Consumers: Surprisingly, the consumer market isn’t supposed to see a considerable amount of growth. This sector has probably the most amount of less priced, low wattage products. It is because of the immense demand as well as supply of these cheap solutions that the consumer market won’t see huge dollar growth despite its size.
Medical: Overall, the medical industry is expected to make excellent strides. But, there might not be an enormous dollar development for the portable medical device segment. Medical devices are starting to grow in popularity for clinics and hospitals along with commercial business and domestic health care.
Military: This is said to be a small market for AC/DC power supplies products. The cause is the number of regulations plus certifications needed before products can be sold. Though the military industry is acknowledged for its great sales, due to the size of its, major growth just isn’t supposed to occur.
Deductions from Experts
In spite of the forecast, industry consultants are excited to find out what the New Year has for the power industry. Earlier, AC/DC power supply products weren’t paid that much attention. Right now these items are coming to the forefront, and are participating in a vital role in systems that are new.
With developments in technology, the necessity now’s for power supply items with tight tolerances for high tech electronic products. Experts suggest that manufacturers are able to try and generate products with the option of adjustable voltage. This might be done by using digital power.
With an even greater focus on energy efficient solutions, numerous pros believe that AC/DC converters will make a larger impact this season. They may be utilized to produce energy cost savings in large scale global information networks.
This year, like every other sector, the power industry will probably see a few highs and lows. But there’s no doubt it is going to grow to turn into one of the most crucial segments in the future.