The external power supplies (EPS) market refers to the industry that produces and supplies power adapters or power bricks used to convert electrical energy from a power source into a format suitable for powering electronic devices. EPSs are commonly used to power a wide range of devices such as laptops, smartphones, gaming consoles, routers, and other consumer electronics.
The EPS market has witnessed significant growth in recent years due to the increasing adoption of electronic devices across various industries, as well as the growing demand for energy-efficient and environmentally friendly power solutions. EPSs are designed to meet various power requirements and are available in different wattages, sizes, and configurations to cater to the diverse needs of consumers.
The global market for Uninterruptible Power Supply (UPS) Systems estimated at USD 10270 million in the year 2023, is projected to reach a revised size of USD 14900 million by 2030, growing at a CAGR of 6.4% during the forecast period 2023-2030.
Factors driving the growth of the EPS market include:
- Rising demand for electronic devices: The proliferation of smartphones, tablets, laptops, and other consumer electronics has fueled the demand for EPSs. As more devices are being used globally, the need for compatible power supplies has increased.
- Technological advancements: The development of advanced power management technologies, such as USB Power Delivery (USB-PD) and Quick Charge, has further propelled the EPS market. These technologies enable faster charging and improved power efficiency, enhancing the user experience.
- Energy efficiency regulations: Governments and regulatory bodies worldwide have implemented energy efficiency standards for external power supplies to reduce energy consumption and greenhouse gas emissions. Compliance with these regulations has led to the replacement of older, less efficient power supplies with energy-efficient alternatives, driving the market growth.
- Increasing awareness of environmental impact: Consumers are becoming more conscious of the environmental impact of their electronic devices and are opting for greener power solutions. EPS manufacturers are focusing on developing energy-efficient products with reduced standby power consumption and improved power factor correction.
- Growing demand for portable and wireless charging solutions: The rising popularity of portable electronic devices and wireless charging technologies has spurred the demand for compact and portable EPSs. These power supplies are designed to be lightweight, portable, and capable of charging devices wirelessly, enhancing convenience for users.
Key players in the EPS market include major electronics manufacturers, power supply manufacturers, and technology companies. The market is highly competitive, with companies constantly innovating to introduce more efficient and compact power supply solutions.
key growth opportunities in the EPS market are:
- Increasing adoption of USB Type-C Power Delivery (USB-PD): USB-PD is a fast-charging standard that allows for higher power delivery and faster charging speeds. As more devices, including smartphones, laptops, and tablets, adopt USB Type-C ports with USB-PD support, there is a growing demand for compatible external power supplies. EPS manufacturers can capitalize on this opportunity by developing USB-PD-compliant power adapters and power banks.
- Expansion of electric vehicle charging infrastructure: The electric vehicle (EV) market is experiencing rapid growth globally, leading to an increased demand for EV charging stations. External power supplies play a crucial role in providing power to these charging stations. As the EV market expands, there will be a corresponding rise in the demand for EPSs specifically designed for charging electric vehicles.
- Surge in smart home devices: The proliferation of smart home devices, such as smart speakers, smart thermostats, and security systems, presents a significant growth opportunity for EPS manufacturers. These devices require external power supplies to function, and as smart home adoption continues to rise, the demand for EPSs catering to these devices will increase.
- Rise of wearable technology: Wearable devices, including smartwatches, fitness trackers, and augmented reality (AR) glasses, have gained popularity in recent years. These devices often rely on compact and portable external power supplies to provide power on-the-go. With the continuous advancements in wearable technology, there is a growing market for EPSs designed specifically for wearable devices.
- Increasing demand for renewable energy storage solutions: The integration of renewable energy sources like solar and wind power into the energy grid has created a need for energy storage solutions. External power supplies, such as battery backup systems and power inverters, play a crucial role in storing and converting renewable energy. As the adoption of renewable energy continues to grow, the demand for EPSs in this sector is expected to rise.
- Expansion of IoT (Internet of Things) devices: The IoT market is expanding rapidly, with a wide range of connected devices being deployed across various industries. These IoT devices often require external power supplies to function reliably. As the number of IoT devices increases, the demand for EPSs catering to the unique power requirements of these devices will also grow.
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Market Segmentations:
Global External Power Supplies (EPS) Market: By Company
• Eaton
• Delta Electronics (Eltek)
• Lite-On Technology
• Acbel Polytech
• Salcomp
• Chicony Power
• Emerson (Artesyn)
• Flextronics
• Mean Well
• TDK Lambda
• Phihong
• FSP Group
• GlobTek
• Extron
• Bosch Security Systems
Global External Power Supplies (EPS) Market: By Type
• Below 10W
• 10-100W
• 100W-250W
Global External Power Supplies (EPS) Market: By Application
• Mobile Communications
• Consumer Electronics
• Telecom/Datacomm
• Wireless Power & Charging
• Other
Global External Power Supplies (EPS) Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global External Power Supplies (EPS) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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