The DIN rail power supply is based upon a series of standards created by Deutsches Institut fur Normung (DIN), which is a national standards organization in Germany. These power supplies are alternating current (AC) to direct current (DC) transformers in a variety of ranges. The end-user can obtain the required DC output power by using the various settings available in the power supply. These power supply units are easy to install and require less or no maintenance.
With above said advantages of DIN rail power supplies, the downtime is kept at a minimum level without compromising the efficiency or the productivity of the plant. The DIN rail power supplies are mainly used in industry automation and control, light industrial, instrumentation, process control etc. It has started playing the role of an indispensable part in terms of power supply quality and reliability.
Currently, Europe was the largest market of DIN rail power supply, with about 31% share of global total demand volume and about 40% revenue share. Germany is the largest market of DIN rail power supply in Europe.
The DIN rail power supply is mainly used in IT, industry, renewable energy, oil & gas, semiconductor, medical. The application market share of industry is more than 60%.
The DIN rail power supply units are very easy to use and more importantly easy to replace when some problem does occur. Thus the downtime of productivity is greatly reduced. Despite the presence of competition problems, due to the awareness of end-users and their demand for high end products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value.
Market Analysis and Insights: Global DIN Rail Power Supply Market The global DIN Rail Power Supply market is valued at 775.5 million US$ in 2020 is expected to reach 969.2 million US$ by the end of 2026, growing at a CAGR of 3.2% during 2021 -2026.
For comprehensive understanding of market dynamics, the global DIN Rail Power Supply market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Post time: May-11-2021