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Merchant power supply market to grow 9.3% this year

Posted: 03 Sep 2012 ?? ?Print Version ?Bookmark and Share

Keywords:power supply market? LED lighting? Wired Universal Charging Solution?

According to IMS Research, the merchant power supply market projects a strong 2012, with revenue growth forecast to reach 9.3 percent. This is despite the decline in 2H11 due to various economic problems. Even so, the market registered 6.5 percent growth in H1.

The strong revenue growth forecast for 2012 will drive the market to a total of almost $23 billion. IMS Research projects positive growth annually through 2016, although at a slower rate owing to the impact that adoption of the Wired Universal Charging Solution for cellphones is predicted to have on the overall market beginning in 2014. According to the report, the three fastest growing markets for power supplies in the next five years will be lighting, tablets and storage (for servers). The lighting market in particular is forecast to grow rapidly due to the widespread adoption of LED lighting, indicated the market research firm.

The individual global market rankings for the top six merchant power supply manufacturers remained unchanged in 2011, although collectively they grew slightly slower than the overall market. Out of the top ten suppliers, seven were Asian, two were American and one was European. GE Energy (through its acquisition of Lineage Power) and ZTE were new entries to the top ten global AC/DC and DC/DC market rankings and ZTE is the first Chinese supplier to make the list.

"The Chinese merchant power supply market is forecast to overtake the North American market in 2014 to become the largest market in the world. This means that it is likely that we'll see more Chinese suppliers follow ZTE into the top ten," stated market analyst Jonathon Eykyn, IMS Research.

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