What is Programmable Power Supply?
Since the current and voltage sensitive electrical devices are manufactured majorly across the globe for better efficiency and effectiveness of the electrical equipment. Also, the power or current supplied by the major service providers mainly comes in AC or whether it is DC the Current-Voltage graph always fluctuates. Thus, Programmable power supply is one of the vital needs to improve the durability of the electrical appliances. In addition to this, it improves the loss of head as well as loss of current. Moreover, upsurging electrical and electronics infrastructure across the globe will generate significant demand over the forecasted period.
The market study is broken down by Type (Single-Output Type , Dual-Output Type and Multiple-Output Type), by Application (Semiconductor Fabrication , Automotive Electronics Test , Industrial Production , University & Laboratory , Medical and Others ) and major geographies with country level break-up. and may see market size of USD1.18 Billion by 2026.
The Vendors having a strong hold in the market are AMETEK Programmable Power, Inc., TDK Corporation, Tektronix, Inc., Chroma ATE Inc., and Keysight Technologies. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Programmable Power Supply market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Programmable Power, Inc. (United States), TDK Corporation (Japan), Tektronix, Inc. (United States), Chroma ATE Inc. (Taiwan), Keysight Technologies (United States), Magna-Power Electronics, Inc. (United States), National Instruments Corporation (United States), B&K Precision Corporation (United States), EA Elektro-Automatik GmbH & Co. KG (Germany) and XP Power LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are GW Instek (Taiwan), Rigol Technologies (China), Kepco Inc. (United States), Acopian Technical Company (United States), Puissance Plus SA (France), Versatile Power (United States) and EPS Stromversorgung GmbH (Germany).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Programmable Power Supply market by Type, Application and Region. On the basis of Type, Single-Output Type are dominating the market in the year 2020 where as Multiple Output Type stood as second largest market share.
On the basis of geography, the market of Programmable Power Supply has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Type of Supply, the sub-segment i.e. Direct Current Supply will boost the Programmable Power Supply market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On July 17, 2018, the global leader in programmable AC and DC power test solutions, ‘AMETEK Programmable Power’ has introduced a Shipboard Power Test Software Option compliant with MIL-STD 1399 Section 300B of the Department of Defense Interface Standard for Electric Power, Alternating Current.
Due to the generation of robust E-waste across the globe, the United States Government has given utmost importance to control environmental pollution. The small-scale entrepreneurs should have an environmentally friendly attitude and adopt pollution control measures in manufacturing and developing devices to provide programmable power supply. Moreover, India has acceded to the Montreal Protocol which restricts production and use of Ozone Depleting Substances (ODS) like Chloroform Carbon (CFCs), Carbon Tetrachloride, Halons, and methyl Chloroform etc. in power supply regulations. They should be phased out immediately with alternative chemical/solvents. A notification for detailed Rules to regulate ODS phase-out under the Environment Protection Act, 1986 has been put in place with effect from 19th July 2000.
Market Trend
- Introduction to Programmable Power Supply Management with Test Device Behavior & Voltage Deviations
- Adoption of Fast transient Response Solar Array Simulation
Market Drivers
- Provides Wide Range of Voltage and Current Output Variations
- Generates Precision Read Back of Output Voltage and Current
Opportunities
- Low Noise and Stable Output Generations Provides Favorable Environment for Electrical Appliances
- Cost-Effectiveness over other available Current or Voltage Stabilizers
Restraints
- Growing Instances of Error in case of Very High Temperatures
- Higher Loss of Energy majorly Thermal Energy Since significant Heat Loss is observed
Challenges
- Oversized Equipment might increase the Size and Weight of the Power Supply
- Lack of Efficiency as Compared to Switch Mode Power Supply
Key Target Audience
Programmable Power Supply Providers, Programmable Power Supply Equipment Manufacturers, Power Supply Distributors and Traders, Electrical Industry Associations, Research and Development Organizations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.