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Programmable DC Power Supply Market to Reach $1.4 Billion, Globally, by 2033 at 14% CAGR: Allied Market Research

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PORTLAND, Ore., July 30, 2024 /PRNewswire/ — The global programmable DC power supplies market is propelled by rise in technological advancements. Advancements in digital control technology have enabled programmable DC power supplies to offer higher precision and efficiency. Programmable DC power supplies are increasingly integrated with Internet of Things (IoT) and smart technologies.

Allied Market Research published a report, titled, “Programmable DC Power Supply Market by Power Supply (AC-DC and DC-DC), Type (Single Output, Dual-Output and Multiple Output), Application (Laboratories, Automatic Testing Systems, IoT Devices, Medical Products, Mobile Phones, Remote Industrial Sensors, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the programmable DC power supply market was valued at $0.4 billion in 2023, and is estimated to reach $1.4 billion by 2033, growing at a CAGR of 14% from 2024 to 2033.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A113495 

Prime determinants of growth  

The global programmable DC power supplies market is driven by escalating demand from various end-use sectors such as electronics & semiconductor, automotive, telecommunications, and aerospace & defense, and others. The electronics and semiconductor industry is a major consumer of programmable DC power supplies. The demand for high-quality and reliable power supplies is driven by the need for precise testing and manufacturing processes in the production of semiconductors, consumer electronics, and communication devices. Furthermore, the rise of electric vehicles (EVs) has significantly boosted the demand for programmable DC power supplies. These power supplies are essential for battery testing, EV component testing, and charging infrastructure development. The automotive industry’s shift towards electrification and the development of autonomous vehicles further fuels the demand for programmable DC power supplies market. However, programmable DC power supplies often come with a high initial capital cost due to their advanced features and capabilities. This significant investment can be a barrier for small and medium-sized enterprises (SMEs) which in turn may restrain the growth of the programmable DC power supplies market. 

Report coverage & details: 

Report Coverage 

Details 

Forecast Period 

2024–2033 

Base Year 

2023

Market Size In 2023 

$0.4 Billion 

Market Size In 2033 

$1.4 Billion 

CAGR 

14.0 %

No. Of Pages In Report 

450

Segments Covered 

Power Supply, Type, Application, And Region. 

Drivers  

Surge In Demand From Automotive Sector Growth In Demand From Aerospace & Defense Sectors Rise In Demand From Telecommunications Sector Rapid Shift Towards Renewable Energy 

 

Opportunities 

Government Incentives And Subsidies Technological Advancements Rise In Focus On R&D Activities 

 

Restraints 

High Initial Capital Investment  

 

The demand for AC-DC type programmable DC power supplies is growing due to their versatility, precision, and efficiency in various applications across multiple industries. These power supplies convert AC to highly stable and customizable DC output, essential for testing, development, and manufacturing processes in sectors like electronics, automotive, telecommunications, and aerospace. The rise of electric vehicles, renewable energy systems, and advanced electronics has heightened the need for precise power control and efficiency, driving the adoption of AC-DC programmable supplies. Additionally, advancements in digital control and integration with smart technologies further enhance their appeal, meeting the stringent requirements for modern technological applications and regulatory compliance. 

Procure Complete Report (450 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/4d34Upf 

The demand for multiple output type programmable DC power supplies is growing due to their ability to simultaneously power and test multiple devices or circuits with varying voltage and current requirements, enhancing efficiency and reducing the need for multiple single-output supplies. This versatility is particularly valuable in complex electronic testing, manufacturing, and research environments where diverse power needs are common. Industries such as consumer electronics, telecommunications, automotive, and aerospace benefit from the space-saving, cost-effective, and streamlined operations provided by these supplies. As devices and systems become more sophisticated, the capability to provide multiple, precise, and independent power outputs from a single unit becomes increasingly critical, driving the demand for these advanced power solutions. 

The demand for programmable DC power supplies in automatic testing systems is growing due to their precision, flexibility, and automation capabilities. In industries like electronics, automotive, and telecommunications, where rigorous testing of components and systems is essential, these power supplies provide accurate and repeatable voltage and current settings crucial for high-quality testing. Their programmability allows for easy integration into automated test setups, enabling efficient, high throughput testing processes. Additionally, the ability to quickly adapt to different testing scenarios and requirements without manual adjustments enhances productivity and consistency, making programmable DC power supplies indispensable in modern automated testing environments. 

The demand for programmable DC power supplies in the North American region is growing due to the strong presence of advanced industries such as electronics, automotive, aerospace, and telecommunications. These sectors require precise and reliable power supplies for development, testing, and manufacturing processes. Additionally, the region’s emphasis on innovation, coupled with significant investments in research and development, drives the need for versatile and high-performance power solutions. The rise of electric vehicles and renewable energy projects further boosts demand. Moreover, stringent regulatory standards and a focus on energy efficiency and sustainability are pushing industries to adopt programmable DC power supplies that offer superior control, precision, and efficiency, fueling market growth in North America.  

For Purchase Inquiry: https://www.alliedmarketresearch.com/programmable-dc-power-supply-market/purchase-options 

Leading Market Players: – 

Ainuo Instrument Co., Ltd Array Electronic Co., Ltd. B&K Precision Corporation Good Will Instrument Co., Ltd. AMETEK Programmable Power Inc. Maynuo Electronic Co., Ltd TEKTRONIX, INC. Powertron India Private Limited Scientific Mes-Technik Pvt. Ltd. EA ELEKTRO-AUTOMATIK GMBH & CO. KG 

The report provides a detailed analysis of these key players in the global programmable DC power supplies market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

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SOFTSWISS Presents Three Innovative Products in South Africa

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September 30, 2024

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GZIRA, Malta, Sept. 30, 2024 /PRNewswire/ — SOFTSWISS, a global tech expert with over 15 years of experience in iGaming, has presented three new products made in collaboration with Turfsport, a leading South African software provider, recently acquired by the company.

Lotto Software
The online lottery market is projected to generate over $16.9 billion in revenue in 2024 and reach over $22.0 billion by 2029. The new Lotto Software enables operators to offer a wide range of lottery draw betting options independent of traditional lottery organisers.

The solution handles up to 80 bets and processes 3,333 bet results per second covering over 300 lottery draws worldwide. It provides an intuitive betting experience, offering numbers, sum, count, positions, colours, even/odd, and jackpot-type draws. The platform seamlessly integrates with external wallet connections without additional software. In-house lottery feed ensures fraud prevention through dual-source validation and advanced web scraping technologies.

Retail Betting Solution
The global sports betting and lotteries market is rebounding post-pandemic, with industry revenue estimated at $243.7 billion in 2024. The Retail Betting Solution, supporting betting on sports, horse racing, lottery draws, and casino games, empowers operators to establish offline gambling businesses swiftly and legally.

The solution allows players to manage their accounts across channels by connecting retail and online platforms. Operators can set up various shop configurations and track profits with a comprehensive cash management tool. The Retail Betting Solution offers pre-match and live event feeds and casino games from multiple providers at dedicated kiosks.

Horse Racing Module
The global horse betting market is expected to reach $91.2 billion by 2032, registering a CAGR of 7.6% from 2023 to 2032. The new Horse Racing Module integrated into the SOFTSWISS Sportsbook, enriches the betting portfolio by allowing players to place fixed-odds bets on multiple markets.

The Horse Racing Module provides operators with additional business opportunities, covering over 2,400 international and local races monthly. The solution engages players with race cards, silks, and multiple bet types and offers operators unique skins and configurations to align with various brand identities.

Max Trafimovich, CCO at SOFTSWISS, shares: “We present a product portfolio that not only meets the growing demand for diverse and engaging betting options but also equips our clients with an effective tool to grow their businesses. With these new solutions, operators can now offer their players a unique, reliable, and enjoyable experience.”

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Viet Nam Inaugurates Center for the Fourth Industrial Revolution during Ho Chi Minh City Economic Forum

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49 mins ago

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September 30, 2024

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HO CHI MINH CITY, Vietnam, Sept. 30, 2024 /PRNewswire/ — Ho Chi Minh City, a leading center for economic, technological, and scientific development and international gateway of Viet Nam, recently hosted the 5th Ho Chi Minh City Economic Forum (HEF 2024) from September 24-27. The Forum focused on “Industrial Transformation: A New Growth Driver for Sustainable Development in Ho Chi Minh City” and culminated with the inauguration of the Center for the Fourth Industrial Revolution (C4IR) in Ho Chi Minh City.

The event welcomed nearly 1,500 delegates, including Viet Nam’s Prime Minister Pham Minh Chinh, government representatives, local leaders, international organizations, experts, and businesses from countries, such as the United States, China, Japan, South Korea and across Europe.

During the Policy Dialogue, Prime Minister Pham Minh Chinh emphasized “The industrial transformation in Ho Chi Minh City must be comprehensive, tied closely to the ambition of building a smart city with smart governance. Thus, The City will need to have special independent policies to accelerate industrial transformation.”

Ho Chi Minh City has already implemented strategies focused on the green economy, digital transformation for businesses, and favorable policies for startups and innovation. City leaders announced their commitment to further accelerate efforts in twin transformation (green hand in hand with digital) and expanding cooperation with international organizations, such as the World Bank and the Fourth Industrial Revolution Center Network of the World Economic Forum. A key focus will be establishing a modern civil service system with incentives to enhance policy implementation.

The inauguration of C4IR marks a significant milestone in the cooperation between the Vietnamese government and the World Economic Forum period 2023-2026. As the second C4IR in Southeast Asia and the 19th globally, C4IR Ho Chi Minh City will serve as a key hub for the WEF, connecting Viet Nam with global experts to drive industrial transformation.

After five editions of the Ho Chi Minh City Economic Forum, The City is ready to shape the Forum into an independent organization that will support the City’s socio-economic development goals. HEF 2024 followed the 2nd Ho Chi Minh City Friendship Dialogue (September 23-24), themed “Industrial Transformation: Experiences and Priorities in Development Cooperation,” aimed to strengthen cooperative relationships between Ho Chi Minh City and its sister cities worldwide, while promoting Vietnamese culture and people.

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UST to Expand India Presence with State-of-the-art Kochi Campus and Create Over 3,000 New Jobs in the Next 5 Years

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49 mins ago

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September 30, 2024

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Laid Foundation Stone for Own Campus at Kochi Infopark, Kochi Phase 2; To be the second owned campus in India for UST after Thiruvananthapuram.

KOCHI, India, Sept. 30, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, announced plans to expand its presence in India by adding over 3000 new jobs at its upcoming Kochi campus in the next five years, as it gets ready to inaugurate its own campus in Kochi, Kerala, by December 2027. The company, which has set itself a target of 6,000 employees in the next five years, currently employs more than 2,800 people in its existing facility at Infopark Kochi.

The foundation stone for its new Kochi campus that will come up in a sprawling 9-acre land at Infopark Kochi Phase 2, was laid, by Krishna Sudheendra, Chief Executive Officer, UST. Susanth Kurunthil, CEO, Infopark Kochi; Alexander Varghese, Chief Operating Officer, UST; Sunil Balakrishnan, Chief Values Officer & Kochi Center Head, UST; Anil Pillai, Vice President, Campus Development Team, UST, Shilpa Menon, UST Thiruvananthapuram Center Head; Sheffi Anwar, General Manager – Business Operations & Workforce Management, UST; and other leaders and employees, were present.              

The new UST campus in Kochi, which will be completed in three years, will be a 10-floor building and 4400 seats, with an area of over 6,00,000 sq. ft.  The new building will also have a modern gym for employees, and an auditorium with a seating capacity of 1400 seats. The new UST campus building will be built incorporating the latest technology, and energy efficient measures generating green energy. When the Kochi campus goes on stream, it will become the second owned campus in India for UST after Thiruvananthapuram.

UST, which already has a facility operating out of Infopark Kochi, currently caters to US, UK and APAC clients from almost all domains such as healthcare, retail, telecom, financial services/asset management, and hi-tech. Speaking after laying the foundation stone for the new campus building, Krishna Sudheendra, CEO, UST, said that the new campus will not only strengthen UST’s presence in the region but also attract more clients and create new work opportunities, positioning Kochi as a dynamic hub for innovation and growth.

“I congratulate and wish the best to UST in building its own campus at Infopark. The company has shown high levels of commitment and determination in setting this goal of having its own state-of-the-art space in the industrial hub of Kerala, and the results will soon show off,” said Susanth Kurunthil, Chief Executive Officer, Infopark Kochi.

Alexander Varghese, Chief Operating Officer, UST, spoke high of the state-of-the-art infrastructure planned for the campus and appreciated the architecture company’s role in shaping its vision. “Ever since UST began its Kochi operations in 2007, we have been able to post steady growth. The strategic location of Kochi aids companies to easily connect and reach out to other IT locations in South India. This aspect, along with Kochi’s development in social and physical infrastructure arenas, has helped UST attract talent from other locations. With UST’s own campus coming up in Kochi, we will be able to add jobs and customers in a big way,” Alexander Varghese added.

Kochi has built a name as the industrial capital of Kerala. Kochi boasts of advanced infrastructure, a large and highly skilled workforce, and a supportive business environment. With the aim of having its own campus in the city, UST had started the pre-construction work before Covid-19 pandemic.

Sunil Balakrishnan, Chief Values Officer & Kochi Center Head, UST, who expressed pride in the project’s progress, also spoke about the challenges that had arisen, and how the company had overcome all hassles to stay firmly in track. Anil Pillai, Vice President, Campus Development Team, UST, unveiled the new campus design for Kochi Center at the event.

Founded in 1999, UST, which began its India operations with its headquarters in Thiruvananthapuram, has expanded its presence across India with offices in Hyderabad, Kochi, Bengaluru, Pune, Chennai, Coimbatore, Delhi NCR, Ahmedabad, and Hosur.

About UST

Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com

Media Contacts, UST:

Tinu Cherian Abraham
+1 (949) 415-9857 (US)
+91-7899045194 (India)

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+44-7341787926

Roshini Das K
+91-7736795557
media.relations@ust.com

Media Contacts, India:

Adfactors PR
ust@adfactorspr.com

Media Contacts, U.S.:

S&C PR
+1-646.941.9139
media@scprgroup.com

Makovsky
ust@makovsky.com

Media Contacts, U.K.:

FTI Consulting
UST@fticonsulting.com

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