In spite of the current economic slowdown, the global ac-dc power market is projected to grow from $1.7 billon in 2011 to over $2.2 billion in 2016, a compounded annual growth rate (CAGR) of 5.6%. Not only is the overall market growing, it is undergoing a significant shift in demand characteristics which is expected to result in new product designs and sales opportunities. In fact, emerging applications such as the Smart Grid, Solid-State Lighting (SSL), and Building Automation will surge with over 18% compound annual growth achieving over $750 million in sales in 2016. This is one of several important findings in the Tenth Edition of Darnell Group’s "AC-DC Power Supplies: Worldwide Forecasts."
"One of the more important findings is that the emerging applications – Smart Grid, SSL and Building Automation – are growing three times faster than the traditional applications, and are projected to make up an increasing portion of the unit market over the forecast period, growing from 22.0% to 32.0% of the unit market share," stated Richard Ruiz, research analyst with Darnell.