The global programmable power supply space is undergoing strong growth, enabled by trends in automation, precision testing, remote diagnostics, and the electrification of end-user industries. In 2024, industry revenue reached USD 1.61 billion and is projected to rise to USD 2.36 billion by 2029, at a CAGR of 7.9%. Product innovation in programmable DC power supply and programmable AC-DC power supply industry segments—including advanced digital control, bi-directionality, and higher voltage applications—supports end uses in automotive, semiconductors, renewables, aerospace, and defense. The landscape is rapidly shifting from traditional capex-heavy hardware models to recurring revenue and service-oriented approaches, as manufacturers respond to global supply chain pressures, stringent regulation, and the rising importance of cybersecurity for remote power management.

• How can you capitalize on the demand for high-voltage, low-noise programmable supplies, the expansion in electric vehicle (EV) and battery manufacturing, and the adoption of programmable DC power supply and bi-directional segments?
• What are the growth avenues in renewables, microgrids, and industrial automation that require programmable AC-DC supplies?
• Which growth prospects are emerging due to the digitization of power infrastructure and the deployment of remote diagnostics, predictive maintenance, and digital twin platforms?