Asia-Pacific industrial power supply market to grow 6.8% CAGR from 2024-2031, driven by consumer electronics, aerospace, & defense.

The Asia-Pacific industrial power supply market is projected to grow at a CAGR of 6.8% from 2024 to 2031, driven by the expansion of the consumer electronics industry and increased spending in the aerospace and defense sectors. The Indian appliance and consumer electronics market is expected to double by 2025. The market is segmented by product type (AC-DC converters, DC-DC converters, DC-AC inverters) and vertical (food and beverage, energy and utilities, telecom & IT, transportation, consumer electronics, aerospace and defense, healthcare, others). Key players in the market include Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others.

August 24, 2024
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