The Laboratory Power Supply Market is estimated at USD 1,017.8 Million in 2023. Further, the market is expected to grow from USD 1,068.6 Million in 2024 to USD 1358.1 Million in 2031 at a CAGR of 3.5%.
The laboratory power supply market is witnessing steady growth driven by the increasing demand for reliable and precise power sources in research, testing, and educational laboratories worldwide. Laboratory power supplies are essential instruments used to provide controlled voltage and current for circuit testing, device development, and electronic experimentation. The market includes programmable DC power supplies, linear power supplies, and switching power supplies, each catering to different operational requirements for accuracy, stability, and noise levels. Growth is supported by rising investments in R&D across sectors such as electronics, semiconductors, automotive, aerospace, and life sciences, where precise power supply equipment ensures high-quality testing, faster product development, and compliance with international standards. The demand is further strengthened by the shift towards modular designs and multi-channel power supplies, which offer flexibility and compactness, enhancing lab productivity and operational efficiency.
In the coming years, market growth is expected to accelerate due to rapid technological advancements in laboratory equipment, miniaturization of electronic components, and increasing complexity of test protocols requiring stable and programmable power outputs. North America and Europe lead in market share due to strong research infrastructure and high spending on innovation, while Asia Pacific is emerging as a high-growth region driven by expanding electronics manufacturing, R&D investments, and educational laboratory setups in countries such as China, Japan, South Korea, and India. However, market challenges include price competition from regional manufacturers, the need for continuous calibration to ensure measurement accuracy, and compliance with stringent safety and electromagnetic compatibility standards. Leading players are focusing on developing intelligent power supplies with remote connectivity, higher output ranges, and energy-efficient designs to address evolving end-user requirements and strengthen their market positioning.
Multi-channel programmable is the fastest-growing segment by product type in the laboratory power supply market. This growth is driven by increasing demand for flexible testing setups that require simultaneous power outputs for multiple devices under test. Multi-channel programmable power supplies enhance laboratory efficiency, save bench space, and reduce equipment costs by integrating multiple outputs into a single compact unit.
Bench mount is the largest segment by category in the laboratory power supply market. Its dominance is due to wide adoption in research labs, educational institutions, and electronics testing facilities where compact, easy-to-use, and portable power supplies are preferred for daily experiments, prototyping, and training applications, supporting operational convenience and versatility.
Parameter | Detail |
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Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2026-2034 |
Market Size-Units | USD billion |
Market Splits Covered | By Power Range, By Output, By Product Type, By Category, By End User |
Countries Covered |
North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
Customization | 10 % free customization (up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
Post-Sale Support | 4 analyst hours, available up to 4 weeks |
Delivery Format | The Latest Updated PDF and Excel Datafile |
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What You Receive
• Global Laboratory Power Supply market size and growth projections (CAGR), 2024- 2034Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following waysAvailable Customizations
The standard syndicate report is designed to serve the common interests of Laboratory Power Supply Market players across the value chain and include selective data and analysis from entire research findings as per the scope and price of the publication.1. GLOBAL LABORATORY POWER SUPPLY INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. LABORATORY POWER SUPPLY MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2023-2031
2.1. Laboratory Power Supply Market Latest Trends
2.1.1. Increasing Adoption of Digital Controls & Multi-Channel Power Supplies:
2.1.2. Rising Demand for Energy-Efficient Power Supplies:
2.1.3. The Emergence of Wireless Power Supplies & Infrastructure:
2.1.4. Emerging Markets:
2.1.5. Rising R&D Spending & Technological Advancements:
2.2. Laboratory Power Supply Market Insights, 2023-2031
2.2.1. Dominant Laboratory Power Supply, by Power Range, 2023-2031
2.2.2. Leading Laboratory Power Supply, by Output, 2023-2031
2.2.3. Largest Laboratory Power Supply Product Type, 2023-2031
2.2.4. Top Laboratory Power Supply, by Category, 2023-2031
2.2.5. Leading Laboratory Power Supply, by End User, 2023-2031
2.2.6. Fast-Growing Geographies for Laboratory Power Supply, 2023-2031
2.3. Laboratory Power Supply Market Drivers to 2031
2.3.1. Growth in the Automotive Electronics Testing Sector:
2.3.2. Increasing Demand for Power Supplies in Different End-User Industries:
2.3.3. Increasing Product Launches by Key Players:
2.3.4. Growth in DC Programmable Power Supply:
2.3.5. Growing Investments by Governments to Expand Research Laboratories:
2.4. Laboratory Power Supply Market Restraints to 2031
2.4.1. Restricted Usage and Changing Regulatory Efficiency Standards:
2.4.2. High Cost & High Competition:
2.4.3. Economic Downturns & Environmental Concerns:
2.5. Laboratory Power Supply Market-Five Forces Analysis
3. GLOBAL LABORATORY POWER SUPPLY MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
3.1. Global Laboratory Power Supply Market Overview, 2023
3.2. Global Laboratory Power Supply Market Size and Share Outlook, By Power Range, 2023-2031
3.2.1. Upto 500W
3.2.2. 501 to 1000W
3.2.3. 1001 to 3000W
3.2.4. Above 3000W
3.3. Global Laboratory Power Supply Market Size and Share Outlook, By Output, 2023-2031
3.3.1. AC only
3.3.2. DC only
3.3.3. AC & DC
3.4. Global Laboratory Power Supply Market Size and Share Outlook, By Product Type, 2023-2031
3.4.1. Single Channel
3.4.2. Multi-Channel
3.4.3. Programmable
3.5. Global Laboratory Power Supply Market Size and Share Outlook, By Category, 2023-2031
3.5.1. Bench Mount
3.5.2. Rack Mount
3.6. Global Laboratory Power Supply Market Size and Share Outlook, By End User, 2023-2031
3.6.1. Educational Institutes
3.6.2. Industrial
3.7. Global Laboratory Power Supply Market Size and Share Outlook by Region, 2023-2031
4. NORTH AMERICA LABORATORY POWER SUPPLY MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
4.1. North America Laboratory Power Supply Market Overview, 2023
4.2. North America Laboratory Power Supply Market Size and Share Outlook by Power Range, 2023-2031
4.3. North America Laboratory Power Supply Market Size and Share Outlook, By Output, 2023-2031
4.4. North America Laboratory Power Supply Market Size and Share Outlook, By Product Type, 2023-2031
4.5. North America Laboratory Power Supply Market Size and Share Outlook by Category, 2023-2031
4.6. North America Laboratory Power Supply Market Size and Share Outlook by End User, 2023-2031
4.7. North America Laboratory Power Supply Market Size and Share Outlook by Country, 2023-2031
4.7.1. U.S.A
4.7.2. Canada
4.7.3. Mexico
5. EUROPE LABORATORY POWER SUPPLY MARKET VALUE, MARKET SHARE, AND FORECAST TO 2031
5.1. Europe Laboratory Power Supply Market Overview, 2023
5.2. Europe Laboratory Power Supply Market Size and Share Outlook by Power Range, 2023-2031
5.3. Europe Laboratory Power Supply Market Size and Share Outlook, By Output, 2023-2031
5.4. Europe Laboratory Power Supply Market Size and Share Outlook, By Product Type, 2023-2031
5.5. Europe Laboratory Power Supply Market Size and Share Outlook by Category, 2023-2031
5.6. Europe Laboratory Power Supply Market Size and Share Outlook by End User, 2023-2031
5.7. Europe Laboratory Power Supply Market Size and Share Outlook by Country, 2023-2031
5.7.1. Germany
5.7.2. France
5.7.3. UK
5.7.4. Italy
5.7.5. Spain
5.7.6. Rest of Europe
6. ASIA PACIFIC LABORATORY POWER SUPPLY MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
6.1. Asia Pacific Laboratory Power Supply Market Overview, 2023
6.2. Asia Pacific Laboratory Power Supply Market Size and Share Outlook by Power Range, 2023-2031
6.3. Asia Pacific Laboratory Power Supply Market Size and Share Outlook, By Output, 2023-2031
6.4. Asia Pacific Laboratory Power Supply Market Size and Share Outlook, By Product Type, 2023-2031
6.5. Asia Pacific Laboratory Power Supply Market Size and Share Outlook by Category, 2023-2031
6.6. Asia Pacific Laboratory Power Supply Market Size and Share Outlook by End User, 2023-2031
6.7. Asia Pacific Laboratory Power Supply Market Size and Share Outlook by Country, 2023-2031
6.7.1. China
6.7.2. Japan
6.7.3. India
6.7.4. South Korea
6.7.5. Rest of Asia Pacific
7. SOUTH AND CENTRAL AMERICA LABORATORY POWER SUPPLY MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
7.1. South and Central America Laboratory Power Supply Market Overview, 2023
7.2. South and Central America Laboratory Power Supply Market Size and Share Outlook by Power Range, 2023-2031
7.3. South and Central America Laboratory Power Supply Market Size and Share Outlook, By Output, 2023-2031
7.4. South and Central America Laboratory Power Supply Market Size and Share Outlook, By Product Type, 2023-2031
7.5. South and Central America Laboratory Power Supply Market Size and Share Outlook by Category, 2023-2031
7.6. South and Central America Laboratory Power Supply Market Size and Share Outlook by End User, 2023-2031
7.7. South and Central America Laboratory Power Supply Market Size and Share Outlook by Country, 2023-2031
7.7.1. Brazil
7.7.2. Argentina
7.7.3. Rest of South and Central America
8. MIDDLE EAST AFRICA LABORATORY POWER SUPPLY MARKET VALUE, MARKET SHARE AND FORECAST TO 2031
8.1. Middle East Africa Laboratory Power Supply Market Overview, 2023
8.2. Middle East Africa Laboratory Power Supply Market Size and Share Outlook by Power Range, 2023-2031
8.3. Middle East Africa Laboratory Power Supply Market Size and Share Outlook, By Output, 2023-2031
8.4. Middle East Africa Laboratory Power Supply Market Size and Share Outlook, By Product Type, 2023-2031
8.5. Middle East Africa Laboratory Power Supply Market Size and Share Outlook by Category, 2023-2031
8.6. Middle East Africa Laboratory Power Supply Market Size and Share Outlook by End User, 2023-2031
8.7. Middle East Africa Laboratory Power Supply Market Size and Share Outlook by Country, 2023-2031
8.7.1. Middle East
8.7.2. Africa
9. LABORATORY POWER SUPPLY MARKET STRUCTURE
9.1. AMETEK, Inc.
9.2. Gossen Metrawatt GmbH
9.3. B&K Precision Corporation
9.4. EA Elektro-Automatik GmbH & Co. KG
10. APPENDIX
10.1. About Us
10.2. Sources
10.3. Research Methodology
10.4. Research Process
10.5. Research Execution
10.6. Contact Information
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