PORTLAND, Ore., July 30, 2024 /PRNewswire/ -- The global
programmable DC power supplies market is propelled by rise in
technological advancements. Advancements in digital control
technology have enabled programmable DC power supplies to offer
higher precision and efficiency. Programmable DC power supplies are
increasingly integrated with Internet of Things (IoT) and smart
technologies.
Allied Market Research published a report, titled,
"Programmable DC Power Supply Market by Power
Supply (AC-DC and DC-DC), Type (Single Output, Dual-Output and
Multiple Output), Application (Laboratories, Automatic Testing
Systems, IoT Devices, Medical Products, Mobile Phones, Remote
Industrial Sensors, and Others): Global Opportunity Analysis and
Industry Forecast, 2024-2033". According to the report, the
programmable DC power supply market was valued at $0.4 billion in 2023, and is estimated to reach
$1.4 billion by 2033, growing at a
CAGR of 14% from 2024 to 2033.
Download PDF Brochure:
https://www.alliedmarketresearch.com/request-sample/A113495
Prime determinants of growth
The global programmable DC power supplies market is driven by
escalating demand from various end-use sectors such as electronics
& semiconductor, automotive, telecommunications, and aerospace
& defense, and others. The electronics and semiconductor
industry is a major consumer of programmable DC power supplies. The
demand for high-quality and reliable power supplies is driven by
the need for precise testing and manufacturing processes in the
production of semiconductors, consumer electronics, and
communication devices. Furthermore, the rise of electric vehicles
(EVs) has significantly boosted the demand for programmable DC
power supplies. These power supplies are essential for battery
testing, EV component testing, and charging infrastructure
development. The automotive industry's shift towards
electrification and the development of autonomous vehicles further
fuels the demand for programmable DC power supplies market.
However, programmable DC power supplies often come with a high
initial capital cost due to their advanced features and
capabilities. This significant investment can be a barrier for
small and medium-sized enterprises (SMEs) which in turn may
restrain the growth of the programmable DC power supplies
market.
Report coverage & details:
Report
Coverage
|
Details
|
Forecast
Period
|
2024–2033
|
Base
Year
|
2023
|
Market Size In
2023
|
$0.4
Billion
|
Market Size In
2033
|
$1.4
Billion
|
CAGR
|
14.0 %
|
No. Of Pages In
Report
|
450
|
Segments
Covered
|
Power Supply, Type,
Application, And Region.
|
Drivers
|
- Surge In Demand From Automotive
Sector
- Growth In Demand From Aerospace &
Defense Sectors
- Rise In Demand From Telecommunications
Sector
- Rapid Shift Towards Renewable
Energy
|
Opportunities
|
- Government Incentives And
Subsidies
- Technological Advancements
- Rise In Focus On R&D
Activities
|
Restraints
|
- High Initial Capital
Investment
|
The demand for AC-DC type programmable DC power supplies is growing
due to their versatility, precision, and efficiency in various
applications across multiple industries. These power supplies
convert AC to highly stable and customizable DC output, essential
for testing, development, and manufacturing processes in sectors
like electronics, automotive, telecommunications, and aerospace.
The rise of electric vehicles, renewable energy systems, and
advanced electronics has heightened the need for precise power
control and efficiency, driving the adoption of AC-DC programmable
supplies. Additionally, advancements in digital control and
integration with smart technologies further enhance their appeal,
meeting the stringent requirements for modern technological
applications and regulatory compliance.
Procure Complete Report (450 Pages PDF with Insights, Charts,
Tables, and Figures) @ https://bit.ly/4d34Upf
The demand for multiple output type programmable DC power
supplies is growing due to their ability to simultaneously power
and test multiple devices or circuits with varying voltage and
current requirements, enhancing efficiency and reducing the need
for multiple single-output supplies. This versatility is
particularly valuable in complex electronic testing, manufacturing,
and research environments where diverse power needs are common.
Industries such as consumer electronics, telecommunications,
automotive, and aerospace benefit from the space-saving,
cost-effective, and streamlined operations provided by these
supplies. As devices and systems become more sophisticated, the
capability to provide multiple, precise, and independent power
outputs from a single unit becomes increasingly critical, driving
the demand for these advanced power solutions.
The demand for programmable DC power supplies in automatic
testing systems is growing due to their precision, flexibility, and
automation capabilities. In industries like electronics,
automotive, and telecommunications, where rigorous testing of
components and systems is essential, these power supplies provide
accurate and repeatable voltage and current settings crucial for
high-quality testing. Their programmability allows for easy
integration into automated test setups, enabling efficient, high
throughput testing processes. Additionally, the ability to quickly
adapt to different testing scenarios and requirements without
manual adjustments enhances productivity and consistency, making
programmable DC power supplies indispensable in modern automated
testing environments.
The demand for programmable DC power supplies in the North
American region is growing due to the strong presence of advanced
industries such as electronics, automotive, aerospace, and
telecommunications. These sectors require precise and reliable
power supplies for development, testing, and manufacturing
processes. Additionally, the region's emphasis on innovation,
coupled with significant investments in research and development,
drives the need for versatile and high-performance power solutions.
The rise of electric vehicles and renewable energy projects further
boosts demand. Moreover, stringent regulatory standards and a focus
on energy efficiency and sustainability are pushing industries to
adopt programmable DC power supplies that offer superior control,
precision, and efficiency, fueling market growth in North
America.
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Leading Market Players: -
- Ainuo Instrument Co., Ltd
- Array Electronic Co., Ltd.
- B&K Precision Corporation
- Good Will Instrument Co., Ltd.
- AMETEK Programmable Power Inc.
- Maynuo Electronic Co., Ltd
- TEKTRONIX, INC.
- Powertron India Private Limited
- Scientific Mes-Technik Pvt. Ltd.
- EA ELEKTRO-AUTOMATIK GMBH & CO. KG
The report provides a detailed analysis of these key players in
the global programmable DC power supplies market. These players
have adopted different strategies such as new product launches,
collaborations, expansion, joint ventures, agreements, and others
to increase their market share and maintain dominant shares in
different regions. The report is valuable in highlighting business
performance, operating segments, product portfolio, and strategic
moves of market players to showcase the competitive
scenario.
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