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WAWT to Predict a Significant Decline in the AC-DC and DC-DC Power Supply Market for 2024
Wired and Wireless Technologies (WAWT) to publish its core report on the power supply market titled, ‘AC-DC and DC-DC Merchant Power Supply Market Report’ in August 2024.
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CIO Applications | Tuesday, July 30, 2024

Leamington Spa, UK—Wired and Wireless Technologies (WAWT) to publish its core report on the power supply market, ‘AC-DC and DC-DC Merchant Power Supply Market Report,’ in August 2024. This comprehensive report holistically illustrates the ambience of the power supply market (current and future state), detailing applications, power class levels, and the market share of power supply companies.
In its earlier 2023 Edition of this report, WAWT projected an overall growth in the global AC-DC and DC-DC merchant power supply revenue market of 4% in 2023 and around 6% in 2024. The growth rate was expected to differ based on the performance of each application sector i.e. telecom, industrial, medical, lighting, servers, storage, networking, military and civil aerospace and consumer.
WAWT expects to publish the 2024 edition of this core report in August 2024. Meanwhile, the preliminary data of the research unveiled a startling revelation. WAWT expects the global AC-DC and DC-DC merchant power supplies market to not only register a mid-single-digit percentage decline in 2013 but also expect a steep closer to a ‘double-digit’ decline in 2024. However, these estimates based on the preliminary research are subject to validation.
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The extensive research conducted by WAWT across regional and global power supply companies and through the value chain attributes several key factors contributing to this decline. WAWT also incited that the distorted nature of the market also resulted in a change in the market share ranking across power supply vendors, in this ever-consolidating but mature global power supply market.
Based on WAWT’s 2023 edition of the report, the total AC-DC and DC-DC merchant power supply market was projected to grow by 4% and cross US$ 30 billion in revenues in 2023.
● The LED lighting application sector, which maintained its top position with the largest share of revenue, was expected to grow the fastest.
● The second growth driver of the total power supply market was expected to be the industrial sector due to expected demand across sub-sectors i.e. factory automation, robotics, test and measurement, railways as well as semiconductor manufacturing.
● The medical application segment proved to be the third growth driver sector, deemed promising due to the increasing digitisation and advancement in healthcare, with growth across consumer medical care devices and clinical care device market segments.
● However, mobile devices, computing devices, and access control and storage application sectors were expected to exhibit a decline in growth.
Analysing the regional performance, WAWT’s research suggested that Asia which holds the largest share of revenues, was projected to grow slowest compared to Americas (fastest) and EMEA (faster).
“However, the market did not perform as per the expectation of the industry across 2023 and the first half of 2024”, says Dinesh Kithany, founder and lead analyst at WAWT. “Though the power supply market skimmed over the recent recessionary concerns across markets, the overall demand continued to be quite sluggish since mid-2023. The prolonged geo-political issues, trade wars, Russian aggression in Ukraine, Israel and Palestine disputes, higher inflation levels across markets, and relatively higher inventory levels in 2023, accompanied by low demand in 2024 all play their role towards a declining trend across the last six quarters through mid-2024. Elections across the world’s largest economy (US) and the world’s fastest-growing economy (India), and other markets (Taiwan and few European countries) seem to slow the pace further”.
WAWT anticipates growth from the third quarter as it picks up pace in the fourth quarter of 2024. But whether this positive growth would be sufficient enough to negate the decline witnessed in the first half of 2024 remains debatable. WAWT’s 2024 edition of the ‘AC-DC and DC-DC Merchant Power Supply Report’ will be able to give a more conclusive insight into the various shifts in market trends across regions and application sectors.
Post thorough validation of the research data by the key industry associates, the final estimates and forecast this report is scheduled to be published in August 2024.
Part of WAWT’s Power Supply Intelligence Service, the 2024 edition of the ‘AC-DC and DC-DC Merchant Power Supply Report’’ will provide in-depth analysis and insights into the factors influencing the performance and future outlook of the power supply industry. Stakeholders are encouraged to review this report to better understand the evolving dynamics and prepare for the anticipated challenges in the coming years.
WAWT defines the global AC-DC and DC-DC power supply markets as encompassing the trade and distribution of standardised power supplies that convert AC supply to DC supply as well as DC supply to DC supply. The market is vertically segmented into industrial, medical, lighting, telecom, servers, storage, networking, datacenters, consumer electronics, military and civil aerospace and other application sectors.
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