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With a Strong Emphasis on Higher Quality and Lower Rejection Rates, Testing Systems are Installed to Perform Quality Checks and Design Optimization
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The global Alternating Current (AC programmable power supplies and DC electronic loads market is mature but continues to exhibit consistent and continuous demand. Industry test equipment vendors specialize in robust test solutions and systems. The sector is characterized by intense competition and limited product differentiation. This research analyses the AC programmable power supplies segments on common aspects that market drivers, restraints, challenges, technology trends, price trends, distribution channels, and competitive structure. Revenue analyses are provided for all segments. DC power supplies and electronic loads segments are further discussed at a subsegment level that includes geographic regions (North America, Europe, Asia-Pacific, and Rest of World), power ranges include low power which is below 5kVA and high power which is above 5kVA. High power is further segmented into 5kVA to 20kVA and above 20kVA power range. End-user verticals are consumer electronics, industrial, automotive, aerospace and defense and others (universities, healthcare, telecom, and research laboratories, among others). The study also highlights the design types (linear design and switching design) prevalent in the market. Market share analysis is provided for revenues at the total level. The study period is 2014 to 2024 (base year of 2018) with forecasts from 2019 to 2024. Though there has been very little change in the technology and principle of operation of these products, vendors in the market have attempted to differentiate themselves by developing better form factors, superior communications, and digital controls. Vendors are developing designs that offer faster response to the change in conditions of the test element. This has become critical, as AC electronic loads are required to match the high speeds of the devices and equipment tested. The introduction of newer interfacing capabilities allows better data acquisition and higher computing ability. A continuous focus on incorporating more power into a smaller space has been the most common development activity taken up by market vendors. There has been a constant effort by vendors to enhance the power density and improve thermal management. Key market drivers include providing value-added customization service, emerging applications, increasing demand for high-power requirements, and growth in the alternative energy sector. North America remains the largest market for DC programmable power supplies and DC electronic loads. However, Asia-Pacific is a key region for growth. Rest of world is also rapidly gaining momentum due to the emerging opportunities in power systems. Aerospace and defense is a key market for AC programmable power supplies and is mainly driven by new programs in military aerospace and new designs in commercial aerospace.Author: Vishal Sapru
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