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Competitive Landscape of China's Switching Power Supply Industry in 2024

Article Source：mbd | Author：Sihan Industrial Research Institute | Issuing Time：2024.04.18
Taiwan funded enterprises represented by DELTA, MEAN WELL, LITEON, etc. have a competitive advantage in the field of switching power supplies with advanced technology and high value-added products. Since switching power supply enterprises in Chinese Mainland started late, they are insufficient in R&D ability, manufacturing level and service response ability compared with world-class enterprises.



Due to the low technological content and added value of their products, many enterprises compete fiercely in the mid to low-end product market, resulting in lower overall market concentration. In recent years, with years of technological accumulation, excellent domestic power supply enterprises have continuously achieved breakthroughs in product independent research and development capabilities and production process levels, which can meet the needs of customers for new products and processes. China has gradually become the main production base for switch power supplies worldwide.

Some leading companies in segmented industries have established a good brand image in the industry with their own technological research and development capabilities, rich certification qualifications, extensive global customer base, and excellent service capabilities. With the continuous expansion of their business scale, their product competitiveness has gradually increased, and they have begun to expand overseas markets and compete with world-class manufacturers.

Switching power supply products are widely used in industrial automation control, military equipment, scientific research equipment, LED lighting, industrial control equipment, communication equipment, power equipment, instruments and meters, medical equipment, semiconductor refrigeration and heating, air purifiers, electronic refrigerators, LCD displays, LED lighting, communication equipment, audio-visual products, security monitoring, computer cases, digital products and instruments, and other fields.

As an essential device for electrical equipment, switch mode power supplies have numerous application fields and no substitute devices, resulting in a huge market size. From the perspective of the application fields of switch mode power supplies in China, the industrial sector currently accounts for the highest proportion, reaching 54%, followed by consumer electronics, communication, and PC, accounting for 33%, 7%, and 3% respectively. From the perspective of the usage scope of switch mode power supplies in China, the main focus of switch mode power supplies is currently in the industrial sector, accounting for 53.94%, followed by the consumer electronics sector, accounting for 33.05%. The total proportion of the two exceeds 85%, and the concentration of industry demand is very high.
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