DIN Rail Power Supply Market Size, Share, Growth, And Industry Analysis, By Type (Single-Phase DIN Rail Power Supply, Two-Phase DIN Rail Power Supply, and Three-Phase DIN Rail Power Supply), By Application (IT, Industrial, Power & Energy, Oil & Gas, and Others), and Regional Forecast to 2028

Updated On: 06 May 2024

Report Overview

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The global DIN rail power supply market size was USD 836.1 million in 2022. As per our research, the market is expected to reach USD 1010 million in 2028, exhibiting a CAGR of 3.2% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the DIN rail power supply market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A DIN rail is a standardized metal rail that is used to install a variety of electrical and industrial equipment. A DIN rail power supply is a particular kind of power supply made to be mounted on a DIN rail. Power for devices such as programmable logic controllers (PLCs), sensors, actuators, and other control and monitoring equipment is frequently provided via DIN power supplies in industrial and automation applications. These power supplies are made to be small and simple to mount on the DIN rail, allowing for effective use of space and simple maintenance in commercial settings. Screw terminals are often used to connect the input and output wires, and they frequently have metal casing.

Due to a number of factors, the rail power supply industry is expanding. First off, the requirement for dependable and effective power supply solutions is being driven by the rising need for industrial automation and control systems in a variety of industries. Furthermore, DIN power supplies are perfect for locations with limited space due to their small size and simple installation. Since DIN rail supply can enable these energy-efficient applications, the market is being further boosted by the focus on energy efficiency and the growing acceptance of renewable energy sources.

COVID-19 Impact: Disruptions is the Global Supply Chain Severely Affected the Availability of Raw Materials

Global supply chains were hampered by the pandemic, which also affected the availability of the components and raw materials needed to produce DIN. Production and delivery of these goods were impeded by factory closures and logistical issues. Many industries also experienced slowdowns or temporary closures as a result of lockdown procedures and economic ambiguity. Due to the delay or reduction in the size of industrial automation projects, this led to a decline in the demand for rail power supplies.

Latest Trends

"Increasing Need for Intelligent Power Supply to Connect Easily with Control Systems for Industries "

One of the most recent developments in the DIN power supply industry is the rise in demand for intelligent power supply with sophisticated monitoring and control capabilities. This tendency fits in with the bigger picture of Industry 4.0 as well as the rising popularity of automated and smart production. Intelligent DIN supplies come with built-in communication interfaces (such as Ethernet, USB, or RS485) and protocols (including Modbus or CANbus) that make it possible for them to be seamlessly integrated with control systems for industries and network monitoring tools. These power supplies are capable of supplying real-time data on power usage, voltage, current, temperature, and other characteristics, enabling operators to track and analyses power usage, identify problems, and improve energy efficiency.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into single-phase din rail power supply, two-phase din rail power supply, and three-phase din rail power supply.

• By Application Analysis

Based on application, the market can be divided into IT, industrial, power & energy, oil & gas, and others.

Driving Factors

"Expansion of the Industrial Infrastructure is Growing the Demand for DIN Supplies"

The market for DIN supplies is being fueled by the development of manufacturing facilities, particularly in emerging economies. There is a demand for dependable power supply solutions to support the growing infrastructure as industrial sectors such as manufacturing, energy, transportation, and telecommunications increase. DIN rail supplies are ideal for industrial installations since they provide small and room-saving solutions for power distribution and control in control cabinets and panels. Demand for DIN rail supplies is driven by the construction of new industrial facilities and the modernization of existing infrastructure.

"Rising Emphasis on Energy Efficiency is Driving the Market for the Rail Supplies"

The market for DIN rail power supply is being driven by the rising emphasis on energy efficiency and the incorporation of renewable energy sources. Industries work to lower their carbon impact and optimize their energy use. High power efficiency ratings on power supplies reduce energy losses and promote sustainable practices. Additionally, DIN rail supplies are essential for effectively converting and delivering the generated power to the industrial loads as renewable energy sources such as solar and wind power gain popularity. Greener and more sustainable energy solutions are made possible by the combination of renewable energy systems with DIN supplies.

Restraining Factors

"Availability of Alternative Power Supply Solutions is Limiting the Growth Potential of DIN"

The availability of alternative power supply solutions is one issue limiting the DIN rail power supply market growth. Other power supply solutions including modular power supplies, enclosed power supplies, and rack-mounted power supplies may also be able to suit the demands of some applications, despite the fact that rail power supplies have unique advantages such as compactness and ease of installation. Customers now have options thanks to the availability of these alternative solutions, which encourages competition in the power supply market and may in certain cases limit the growth potential of the power supplies.

Regional Insights

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"Robust and Diverse Industrial Landscape is Fueling the Regional Market Need for the Power Supply"

With industries including manufacturing, transportation, and infrastructure development, Europe boasts a robust and diverse industrial landscape. These sectors require power supply solutions that are dependable and effective, which makes DIN power supplies an essential part of their operations. The need for rail power supplies is fueled in part by the strength of Europe's industrial sector, which might give it a monopoly on the market. Engineering prowess and robust manufacturing capacities are well-known for Europe. Furthermore, there are numerous reputable power supply manufacturers and providers in the area, and they provide a wide selection of power supply options. In the DIN rail power supply market share, Europe continues to hold a commanding position due to the presence of these well-established businesses and their proficiency in designing and producing high-quality goods.

Key Industry Players

"Key Players Are Investing in R&D to Growing their Product Lines "

Several strategies are being focused on by players in the DIN rail power market in an effort to gain market dominance. This entails making investments in R&D to develop cutting-edge and effective power supply solutions, growing their product lines to serve a variety of applications, improving their manufacturing capacities to keep up with demand, bolstering distribution systems to ensure widespread availability, and actively engaging with customers to comprehend their changing needs. Players are also using partnerships and collaborations to gain access to new markets and technology with the goal of becoming market leaders through constant innovation and customer-centric strategies.

List of Market Players Profiled

• PULS (U.S.)
• Phoenix Contact (Germany)
• Siemens (Germany)
• Weidmuller (The Netherlands)
• Mean Well (Taiwan)

Report Coverage

This report covers the DIN rail power supply market. The CAGR expected to be in during the forecast period, and also the USD value in 2022 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.