The global single programmable power supply market is estimated to grow by US$ 401.7 million between 2022 and 2030 and is estimated to reach US$ 1,095.7 Mn by 2030, registering a CAGR of 5.9% during the forecast period. 

The market growth is attributed to factors such as improving monetary support by governments for the digitalization of frameworks and the rising need for continuous monitoring. Advancements in programmable power supply have transformed charging technologies, enabling applications to derive precise and adjustable degrees of voltage, current, and recurrence from the power supply systems. Programmable power supply systems have a digital control system that operates through a digital interface or analog input. These single-channel supply systems provide a wide range of voltage output of up to 1,500 W and are mostly used to test portable devices such as mobile phones, radios, and wireless devices. 

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Factors leading to the growth of the single programmable power supply market are:

Growth of automotive electronics testing industry

Single programmable power supplies are widely used in the automotive industry as they offer testing solutions like hybrid drive technology, electric drives, and damping control. Improved testing speeds reduce production time and increase profit margins for businesses. Increased profits lead to increased investment in advanced testing solutions like the demand for faster-charging technology created a need for larger capacity batteries operating at higher voltages which drives the demand for single programmable power supplies.

Current trends in the market:

Increasing investment and product launches in the global markets

The adequate investment in the power supply helps in mobility, communication, etc., and makes other services easily available and cheaper. Reduced energy spending does not stifle economic growth; rather, it redirects consumer spending to other areas of the economy, reallocating resources and boosting growth. As a result, companies are investing in R&D for the development of technologically advanced products in the market. In August 2021, Advanced Energy, a global pioneer in highly designed, precision power conversion, measurement, and control solutions announced the debut of the Intelligent Laboratory series TM (iLSTM) of programmable DC power supply in the test and measurement industry. The iLS600, iL600-R, and iLS1500 have industry-leading small footprints and high-power density but their application is limited to test and measurement due to their low voltage capacity.

Factors restraining market growth

Limited applications and changing regulatory efficiency standards

Programmable power supplies can provide AC, DC, or both outputs. AC outputs are single or three-phase. Single-phase outputs are often used only for low-voltage applications while three-phase programmable power supplies can be used for a wide range of applications such as power pumps, electric heaters, motors, etc. The difference in the product regulations like rapid changes in the regulatory standards of these devices, sudden changes in safety regulations, and efficient parameters can create a serious gap in the supply chain of the market. Various countries like European Union can create trade barriers, IP issues, and other bottlenecks in the supply chain of the market. 

The power sector witnessed a decline during COVID-19

Power consumption of industrial and commercial sectors fell massively due to government-imposed lockdowns and other restrictions amid the COVID-19 pandemic. Therefore, the power sector witnessed a fall in demand for commercial and industrial electricity during the pandemic, considerably affecting the growth prospects of the single programmable power supply market

Market Segmentation

Product Type Analysis

Based on product type, the DC programmable power supply segment held the highest share of 61.2% in 2021 and is expected to retain its dominance during the forecast period. The high demand for DC programmable power supplies is attributed to its wide application and to train new engineers in areas such as manufacturing ultra-low power. DC programmable power supplies are available in a wide range of power, voltage, and current outputs for labs or different applications. 

In addition, the DC programmable power supply segment holds a growth opportunity of US$ 435.4 Mn during 2022-2030. Many versions of DC programmable power supplies include a larger operating range with constant power, higher current ranges, etc., and the ability to create complicated DC transient waveforms to test device behaviour with voltage variations.

Mount Analysis

The rack mount segment held the highest share of 58.9% in 2021 with a revenue of US$ 388.7 Mn in 2021, followed by the chassis segment. Rack-mount power supplies provide programmable DC power in full rack-width. Companies offer power up to 1500 W in 1U, full-rack form factor with flexible voltage and current limits ranging up to 650 VDC, making them ideal for test systems that require a large amount of power with a broad range of voltage and current values. The flexible voltage and current limits offered by rack-mounted power supply devices are used widely for industrial use for manufacturing or processing activities.

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Application Analysis

In terms of application, the industrial production segment accounted for the highest share of 24.7% and the batteries segment held the lowest share of 1.9% in 2021. The rising demand for efficient testing devices across a number of industries supports the growth of the segment. The industrial production segment holds a revenue opportunity of US$ 135.4 Mn during 2022-2030. Further, Industrial production is followed by automatic test equipment as it is widely used in the manufacturing of aircraft, semiconductors, vehicles, etc.

Regional Analysis

The Asia Pacific single programmable power supply market held the highest market share of 38.7% in 2021 and is expected to continue to dominate the global market over the forecast period. The regional market holds a revenue opportunity of US$ 194.2 Mn between 2022 and 2030. The rapid development of wireless infrastructure and the promising growth of the aerospace and defense sector in countries such as India and China are expected to drive the demand for DC programmable power supplies. 

India is the world’s second-largest telecommunication market, which has experienced remarkable growth during the last decade. India surpassed the U.S. as the second largest market for app downloads in 2019. According to a report published by GSM application in collaboration with Boston Consulting Group, India’s mobile economy is rapidly growing and will contribute considerably to the country’s GDP. Owing to all these factors, the region is expected to register the highest CAGR over the forecast period.

Key Industry Players

A few of the players in the market collectively account for nearly 50% of the market share. The market seems to be perfectly competitive in nature and is projected to shift towards an oligopoly nature by 2030. AMETEK Programmable power, Mouser, Keysight Technologies, and Rigol Technologies are some of the key players in the market, and companies like B&K Precision, CHROMA ATE, TEKTRONIX, Magna-Power Electronics, Versatile Power, ITECH Electronic, and Kepco are holding a fragmented share. These market players are adopting various strategies to stay competitive in the market, including product launches, mergers, and acquisitions. 

List of Key Companies Profiled:

• AMETEK Programmable Power
• CHROMA ATE
• TEKTRONIX
• Keysight Technologies
• Magna-Power Electronics
• ITECH Electronic
• B&K Precision
• Rigol Technologies
• Versatile Power
• Kepco
• Other Prominent players

Strategies adopted by key market players:

• In February 2022, AMETEK Programmable Power introduced the CSW5550 emulation on the Asterion AC AST6003A1 model. The emulator was designed to make it easy for legacy CSW series clients to upgrade to the Asterion AC AST6003A1 model.
• In January 2022, Chroma ATE Inc. introduced the 62000E family of single-channel/three-channel DC power supplies that are only 1.75 inches high and deliver the low-noise output and high-speed transient response characteristics of classic linear regulators. The remote web control system does not require any additional software and the users only require a browser to read and control data from mobile devices such as smartphones, computers, or tablets.
• In December 2021, ITECH Electronics Co., Ltd. introduced the IT-M3900, a four-series product that includes the IT-M3900B regenerative power system, IT-M3900D high power DC supply, and IT-M3800 regenerative DC electronic power loads.
• In July 2021, Magna-Power Electronics, Inc. launched a new series of rack-mount programmable DC power supply products, ensuring normal operation at extremely low temperatures. It meets MIL-STD-810G C1 cold climate design criteria, allowing Magna-Power standardized commercial products to continue to be used in extremely difficult conditions.

Segmentation Overview

(Note*: We also provide granular level reports, made to sub-segment level or only for niche segments. Contact us, if you require more details.)

The single programmable power supply market is segmented into:

By Product Type

• DC Programmable Power Supply
  • <100 kW
  • 100 kW-2000 kW
  • >2000 kW
• Bi-Directional DC Programmable Power Supply
  • <10 kW
  • 10 kW- 100 kW
  • >100 kW
• Programmable AC Sources
  • 1 kVA-50 kVA
  • 50 kVA-250 kVA
  • 250 kVA-1000 kVA
  • >1000 kVA
• Programmable Grid Simulators 1 kVA~50 kVA
  • 1 kVA-50 kVA
  • 50 kVA-250 kVA
  • 250 kVA-1000 kVA
  • >1000 kVA
• Regenerative DC Loads 1 kW~100 kW

By Mount

• Rack
• Chassis
• Bench
• Custom

By Application

• Semiconductor Manufacturing
• Automotive Testing
• Electric Vehicles
• Renewable Energy Applications
  • Solar Inverters
  • PV Panels Manufacturing
  • Fuel Cell Manufacturing
• Industrial Production
• Energy Management System Manufacturing
• Batteries
• Consumer Electronics
• Universities and Laboratories
• Medical
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America