According to Cognitive Market Research, The Global Laboratory Power Supply market size will grow at a compound annual growth rate (CAGR) of 7.20% from 2023 to 2030.
The demand for the laboratory power supply market is rising due to the growing electronics industry driving the demand for laboratory power supplies for research, and development.
Demand for product type II remains higher in the laboratory power supply market.
The research institutes category held the highest laboratory power supply market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific laboratory power supply market will experience the strongest growth until 2030.
