Laboratory Power Supply Market Outlook Report

Published On: Feb, 2025
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Pages: 162

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%.

Laboratory Power Supply Market Market Overview

Power supplies are essential for any lab, as they are used to test electrical components and circuits. Laboratory power supplies can be defined as equipment that converts it into stabilized DC voltage at the output after connecting to AC voltage. At the same time, it allows for ongoing adjustment of the most important power supply parameters (voltage, current intensity). Laboratory power supplies usually feature two programmable modes, a constant-voltage output over a selected range of load current and a constant-current output over a wide range of voltage.
The main applications of power supplies include electrospinning, electro-spraying, applied mechanics, applied science & engineering, biotechnology, biochemical, polymer & process engineering, sputtering, high voltage testing, and others. Many models of laboratory power supplies are marketed by large, reputable manufacturers and smaller, more specialized brands. Laboratory power supplies are classified into single and multi-channel, programmable and non-programmable, and switch-mode and linear power supplies.

North America is the largest region in the Laboratory Power Supply Market, powered by strong investments in R&D, a high concentration of advanced research institutions, and increasing demand for precision testing equipment. The DC power supply segment is the dominating category, spurred by its widespread use in electronics testing, academic labs, and industrial automation systems requiring stable and adjustable power outputs.

https://oganalysis.com/images/adminImages/og-Global Laboratory Power Supply Market.png

Latest Trends in the Laboratory Power Supply Market

Increasing Adoption of Digital Controls & Multi-Channel Power Supplies:
With the advancements in digital technology, laboratory power supplies are increasingly adopting digital controls such as microcontrollers, DSPs, and FPGAs. Digital control offers high precision, fast response, and programmability advantages. Laboratory power supply technology constantly evolves, introducing new products and features regularly. This can make it difficult for manufacturers to keep up with the latest trends and maintain their competitive edge. Multi-channel power supplies are becoming increasingly popular, especially in the automotive, aerospace, and telecommunications industries. These power supplies allow users to power multiple devices simultaneously and reduce the clutter of multiple power supplies.

Driving Factors

Growth in the Automotive Electronics Testing Sector:
The automobile sector has witnessed a continuous rise in the integration of electronics architecture in vehicles. Development engineers require many electronic testing and verification systems to develop and integrate vehicle components into the entire vehicle. The increasing demand for safety and comfort features has led to huge innovations and R&D efforts from OEMs and automotive suppliers for the testing of electronic components and compliance with government regulations. The growing application of DC power supplies in the automotive industry for various purposes, including power battery testing, fuel cell testing, AC/DC charging station testing, DC-DC converter testing, and others, is more likely to accelerate the market growth. The automotive sector uses single-programmable power supplies extensively because they provide testing options for electric drives, hybrid drive technology, and damping control. For businesses, faster testing rates mean shorter manufacturing times and higher profit margins. In the same way that the need for faster-charging technologies creates a demand for greater capacity batteries working at higher voltages, which drives the need for a single programmable power supply, improved profits led to more investment in advanced testing solutions.

Market Challenges

Restricted Usage and Changing Regulatory Efficiency Standards:
Laboratory power supplies are often subject to stringent regulatory requirements, especially in the healthcare and aerospace industries. Manufacturers must comply with various safety, performance, and quality standards, which can increase production costs and lead times. Laboratory power supplies must comply with strict regulations regarding safety and reliability. This can add to the cost of producing these products and can also limit the number of manufacturers who can produce them. 
Additionally, regulatory changes can impact the market and require manufacturers to update their products to comply with new standards. Different product restrictions, such as quick changes in these products' regulatory standards, abrupt changes in safety laws, and inefficient criteria, can seriously disrupt the market's supply chain. Trade restrictions, problems with intellectual property, and other market supply chain bottlenecks may be caused by several nations, including the European Union.

Companies Mentioned

·  Tektronix

·  B&K Precision

·  TDK-Lambda

·  Chroma ATE

·  Keithley Instruments

·  Rigol Technologies

·  Mastech Power Supply

·  Delta Electronics

·  Advanced Energy

·  FSP Group

·  Ametek Programmable Power

·  National Instruments

·  Texas Instruments

·  Fluke Corporation

·  Sorensen

·  Kepco

·  Elektro-Automatik

·  Aim-TTi

·  ITECH Electronic Co.

·  Good Will Instrument Co. (GW Instek)

·  UNI-T

·  Wanptek

·  PeakTech

·  PCWork

Market Scope:

Parameter

Detail

Base Year

2024

Estimated Year

2025

Forecast Period

2026-2032

Market Size-Units

USD billion

Market Splits Covered

By Power range, By output, By Product type, By category and 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, Trade Analysis, Price Analysis, 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 Data file

Market Segmentation


Market Split

    
     Detail

By Power Range

  • upto 500W
  • 501 to 1000W
  • 1001 to 3000W
  • above 3000W

By Output

  • AC only
  • DC only
  • AC & DC

By Product Type

  • Single Channel
  • Multi-Channel
  • Programmable

By Category

  • Bench Mount
  • Rack Mount

By End user

  • Educational Institutes
  • Industrial

By Geography

  • 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)

                  

                       

TABLE OF CONTENTS

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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