A programmable power supply (PPS) is a device that may be controlled remotely by an analogue input or a digital interface like RS232 or GPIB. DC power supplies generate a regulated DC output that can be used to power a component, module, or device. The growing demand for industrial automation and adoption of smart grid systems & renewable energy sources are the key factors driving the programmable DC power supply market. In addition, modernization of old grid infrastructure and increased awareness of carbon footprint management are propelling the smart grid market. The grid project aims to encourage the use of renewable energy sources and the development of technology to integrate new clean energy sources without jeopardising the stability and dependability of existing networks. Thus, growing initiatives for incorporating the industrial automation and upcoming smart grid projects offers lucrative growth opportunity for the market growth.
MARKET SCOPE
The "Global High Voltage Programmable DC Power Supplies Market Analysis to 2028" is a specialized and in-depth study of the power supply components with a special focus on the global market trend analysis. The report aims to provide an overview of the high voltage programmable DC power supplies market with detailed market segmentation by product type, application, industry vertical and geography. The report provides key statistics on the market status of the leading high voltage programmable DC power supplies market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of product type the market is segmented into single output power supply, dual output power supply, and multiple output power supply
- On the basis of application the market is segmented into wireless and communication power, automotive electronics components, laboratory and system integration, mobile, and others
- On the basis industry vertical, the market is segmented as IT and Telecommunication, automotive, defense, education, research, and others
Drivers:
- Growing demand for industrial automation
- Increase in adoption of smart grid systems & renewable energy sources
- Country-wise safety standards might restraints the market growth
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The high voltage programmable DC power supplies market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the high voltage programmable DC power supplies market in these regions.
IMPACT OF COVID-19 ON HIGH VOLTAGE PROGRAMMABLE DC POWER SUPPLIES MARKET
The emergence of the COVID-19 has severely impacted the power supply industries, which resulted decline in the demand for high voltage programmable DC power supplies in the year 2020. With ease in restrictions and reopening of business units, the adoption of IoT platforms, cloud-based solutions, and industrial automation is growing rapidly. From the first half of 2021, market players have significantly invested in adopting advanced technologies leveraging the demand for high voltage programmable DC power supplies, which helped the market to expand in coming years. The COVID-19 pandemic has forced businesses to restructure their business models to implement strategies to achieve economic goals. Furthermore, the pandemic has invoked a rising need for featured programmable DC power supplies solutions in various applications across numerous industries. Therefore, although the global programmable DC power supplies market plummeted initially due to the adverse impact of the COVID-19 pandemic and the related regulations, the market has achieved a strong recovery during the post-pandemic period and is expected to grow in the coming years owing to the rise in adoption of renewable energy across the globe.
MARKET PLAYERS
The report covers key developments in the high voltage programmable DC power supplies market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in high voltage programmable DC power supplies market are anticipated to get lucrative growth opportunities in the future owing increase in demand for DC power supplies.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the high voltage programmable DC power supplies market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Chroma ATE Inc
- AMETEK Programmable Power
- Puissance Plus
- GW Instek
- Rigol Technologies
- XP Power
- Versatile Power
- Keysight Technologies
- Acopian Technical Company
- B&K Precision