With product demand that is vulnerable and dependent on the expansion of industrial manufacturing infrastructure, the manufacturers of programmable direct current (DC) power supplies and electronic loads are forced to find ways to invigorate this highly stagnant market of today.
New analysis from Frost & Sullivan Programmable DC Power Supplies and DC Electronic Loads Market, reveals that the market earned revenues of $416.7 million in 2005, and estimates this to reach $889.1 million in 2012.
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With an increasing end-user market for electronic goods, the Asia Pacific region is experiencing a boom in its manufacturing sector. Many electronic goods manufacturers have shifted their production base to Asia to take advantage of lower assembly costs.
“Although electronic equipment functions on DC power, anticipated growth in the vertical segments is not expected to translate into increased demand for programmable DC power supplies and electronic loads,” notes Frost & Sullivan Research Analyst Sarah Najmi. “This contributes to the low growth rate in the DC power supplies and electronic loads market.”
DC power supplies and electronic loads are mandatory equipment in any industrial and manufacturing infrastructure, installed to ensure quality and help optimize design. They are a part of capital equipment, which once installed, are not replaced for a minimum of seven to ten years.
The durability of these products leads to decreased replacement demand. DC power supplies and electronic loads vendors primarily depend on new equipment installation activities to sustain the demand for this market.
In order to overcome restraints prevalent in this sluggish market, low-power market vendors are producing diverse product lines with programmable capabilities to cater to a wide spectrum of applications. This is effective in increasing sales in the market without reducing the unit price of the product.
High power segment participants compete by enhancing their product lines with more features and capabilities. As a result, these companies are responsible for most of the technological advances and innovative product development in the power supplies and electronic loads market.
In terms of operating principles, programmable power supplies and DC electronic loads have experienced different technology trends; however, some technological and design innovations are prevalent in both products. Some of these advancements include modifications to existing form factors, and development of enhanced interface capabilities.
“The existence of programmable power supplies and electronic loads in the market are totally independent of each other,” says Najmi. “However, their combined presence in test systems provides a mutual base for the applications of these products.”
Increasing high-power application demands in the renewable energy market, particularly fuel cells and solar power, military applications and the proliferation of electronics and semiconductor components that use DC testing equipment, provides a strong potential for growth of this market.
These programmable power supplies need to be supported with appropriate software that is able to simulate the necessary test conditions. Due to changes in the end-user technologies, applications now require different duty cycles and test procedures, especially in the power storage and battery markets.
Vendors also need to focus on designing flexible power supplies and software compatible with the present and future systems, thereby meeting the demands of new test procedures and increasing power requirements.
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Programmable DC Power Supplies and DC Electronic Loads Market