Electronic Load Devices Market By Type (Standalone, Modular, Mainframe), By Voltage (Low, Medium, High), By Current Type (AC, DC), By Application (Aerospace, Defense and Government Services, Automotive, Energy, Wireless Communications and Infrastructure,

Electronic Load Devices Market By Type (Standalone, Modular, Mainframe), By Voltage (Low, Medium, High), By Current Type (AC, DC), By Application (Aerospace, Defense and Government Services, Automotive, Energy, Wireless Communications and Infrastructure, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

The global electronic load devices market size was valued at $3.1 billion in 2021, and projected to reach $5.2 billion by 2031, with a CAGR of 5.4% from 2022 to 2031.

Electronic load device is a load device designed to provide a specific resistance value. It is a programmable or computer-controlled electrical device that provides a load to the outputs of a power supply equipment. It is usually capable of dynamic loading. The electronic load mimics the real load that a power source encounters in a real application. Still, unlike the total load, which can be unpredictable and random in value, the electronic load is ordered, confined, and entirely controllable.

Increasing wireless communications and infrastructure expenditures would speed up wireless and power supply testing, ensuring that electronic components operate efficiently. The growth in demand for smartphones and mobile phones, particularly in emerging countries, has accelerated the expansion of wireless infrastructure.

Furthermore, to function, mobile phones, too, require batteries, which necessitate precise testing to avoid accidents. Many trends in the wireless communications sector, such as the impending long-term evolution (LTE), growth in usage of smart devices, enhanced mobility, and explosive growth in mobile data traffic are expected to drive the demand for wireless communication & infrastructure segment in electronic load devices market.

North America is a major market for electronic loads due to the widespread usage of intelligent electronics and electrical. The industry would also be fueled by a growing awareness of the benefits of using environmentally-friendly electric automobiles. Furthermore, North America is anticipated to have a large market share, with high demand for electronic load due to increased investment in R&D across multiple end-use sectors. In addition, the region's electronic load industry is likely to benefit from implementation of 5G technology in the communication sector. Owing to rising electrification and quick adoption of electronics, Asia-Pacific is the second-most dominating area in the electronic load sector. Increased investments in electric vehicles drive the Asia-Pacific market growth.

The electronic load devices market is segmented on the basis of by type, voltage, current type, application and region. On the basis of type, it is segmented into standalone, modular, and mainframe. On the basis of voltage, the market is divided into low, medium, and high. On the basis of current type, the market is bifurcated into AC and DC. In addition, on the basis of application, the global electronic load device market is fragmented into aerospace, defense & government services, automotive, energy, wireless communication & infrastructure, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, followed by Asia-Pacific, and Europe.

The major companies profiled in this report include AMETEK, Ainuo Instrument CO., Ltd, B&K Precision Corporation, Chroma ATE, Chroma Systems Solutions Inc., FDK Corporation, General Electric, Good Will Instrument Co., Itech Electronic Co. Ltd, Keysight Technologies, Kikusui Electronics Corporation, Matsudada Precision, National Instrument, NFCorp, TDK-Lambda Corporation, Tektronix, and Teledyne Technologies. The rapid industrialization and urbanization have led to the demand for electronic equipment in consumer services and recreation sector, which has further led to the increase in the demand for electronic load devices. The demand for electronic load devices in the construction of smart cities has fueled the demand for electronic load devices market. The demand for the solar based renewable energy due to increase in demand for green energy in the developing countries is another factor that fosters the demand for electronic load devices market. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the type of electronic load devices have led to attain key developments in the global electronic load devices market trends.

Impact of Covid-19 on Global Electronic Load Devices Market

The global COVID-19 pandemic has negative impact on the electronic load devices market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market exhibited a decline by about 20% in 2020 compared to 2019.

The COVID-19 negatively impacted the electronic load devices market as it led to a decline in the sales turnover. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the major manufacturing giants have launched various products related to consumer electronics which will lead to surge in the market growth after the pandemic

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electronic load devices market analysis from 2021 to 2031 to identify the prevailing electronic load devices market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the electronic load devices market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global electronic load devices market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

Standalone
Modular
Mainframe

By Voltage

Low
Medium
High

By Current Type

DC
AC

By Application

Aerospace, Defense and Government Services
Automotive
Energy
Wireless Communications and Infrastructure
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
AMETEK
Ainuo Instrument CO., Ltd
B&K Precision Corporation
Chroma ATE
Chroma Systems Solutions Inc.
FDK Corporation
General Electric
Good Will Instrument Co.
Ltech Electronic Co. Ltd
Keysight Technologies
Kikusui Electronics Corporation
Matsudada Precision
National Instrument
NFCorp
TDK-Lambda Corporation
Tektronix
Teledyne Technologies Inc.

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