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.
For Purchase Inquiry:
https://www.alliedmarketresearch.com/programmable-dc-power-supply-market/purchase-options
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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