Alternative Current (AC) power sources refers to the source of generating alternating current (AC) which flows in reverses direction periodically completing a cycle distinct from DC or direct current that flows in a straight direction. The AC power sources are widely used in consumer electronics, home appliance, automotive, and other industries.
The primary factor that is driving the growth of the Global AC Power Sources market includes the growing demand for equipment used in electric vehicle, renewable power generation, and avionics. The increasing population growth rate and growing usage of various consumer electronics products across the globe increases the demand for AC power sources market. Furthermore, the favourable government initiatives in key economies around the globe coupled with rising investments on smart city leads to increase in the demand for AC power supply. In addition to this, the rising focus on energy efficient business operation is further fuelling the demand for AC power sources market. However, lack of safety standard acts as restraining factors in the growth of the market.
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The major key players in the market include Keysight Technologies, Chroma ATE Inc., Ametek, Good Will Instrument Co. Ltd., Kikusui Electronics Corporation, Matsusada Precision, AC Power Corp., Regatron AG, B&K Precision Corporation, Ainuo Instruments, Pacific Power Source among others.
The Global AC Power Sources market has been segmented based on the Phase Type, Modulation Type, Application, and key region. Based on Phase Type, the market is segmented into Single Phase, and Three Phase. Based on Modulation Type, the market is segmented into Pulse Width Modulation (PWM), and Linear. Based on Application, the market is segmented into Consumer Electronics & Appliances, Automotive, Wireless Communication & Infrastructure, Energy, and Others.
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