The invention relates to the field of power circuit, in particular to a power supply module for a power supply analyzer. On one hand, the power supply module provided by the invention uses the sampling current and the sampling voltage, combining the zigzag wave control signal issued by the control circuit, to generate zigzag waves in any specified waveforms. On the other hand, an anti-backflow circuit is arranged in the front end of the power conversion circuit to effectively prevent the device damages caused by the reverse current. A dummy load circuit is arranged at the output end of the power conversion circuit, to effectively solve the problem that when the output voltage is small, and the duty ratio of the PWM has decreased to the minimum value, if the power output is without load at this moment, since the energy storage inductance cannot work in the CCM mode, this will lead to the discontinuity of PWM, and will cause the unstable output shocks and larger ripple waves.