Global Electronic Load Market Size study & Forecast, by Voltage (High Voltage, Low Voltage) by Application (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communications & Infrastructure, Others), by Current Type (AC, DC) and Regional Analysis, 2023-2030
Global Electronic Load Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. An electronic load is a device designed to simulate the load, such as a resistor, in an electrical circuit. It is commonly used in the testing and characterization of power supplies, batteries, fuel cells, and other power sources. Rather than dissipating energy like a traditional resistor, an electronic load consumes electrical power and converts it into heat or other forms of energy. The key factor driving the market growth is rising emphasis on testing of consumer electronics & appliances, rising demand in automotive industry, and growing wireless communications and infrastructure. These factors are anticipated to create the lucrative demand for the market during forecast period 2023-2030.
Moreover, the surging consumption of renewable energy can support the growth of the electronic load market. As renewable energy sources such as solar and wind power become more prevalent, there is a growing need to test the performance and reliability of related electronic components and systems. This includes testing electronic loads, which simulate the power consumption of devices under different operating conditions. The increased adoption of renewable energy creates a larger market for electronic load testing equipment and services. According to the International Renewable Energy Agency's Renewable Capacity Statistics 2021, the world's total renewable capacity increased by 10.3% in 2020 to 2799094 MW. Additionally, support policies and infrastructure development for electric vehicles (EV), and increasing investments in research and development (R&D) for test and measurement equipment is anticipated to create the lucrative growth opportunity for the market over the forecast period. However, the high capital cost of electronic loads and rapid technological changes stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Electronic Load Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the presence of key market players, growing focus on R&D for aerospace & defense, rising adoption of autonomous vehicles, and growing foreign direct investments (FDI) for the automotive sector. Whereas, the Asia Pacific is expected to grow at fastest growth rate during the forecast period, owing to factors such as the cohesive government policies for electric mobility, rising adoption of 5G technology, rising investments in R&D and growing wireless communications & infrastructure in the region.
Major market player included in this report are:Keysight Technologies (US)
AMETEK (US)
National Instruments (US)
Chroma ATE (Taiwan)
Teledyne Technologies (US)
B&K Precision Corporation(US)
Tektronix, Inc (US)
Good Will Instrument Co., Ltd. (Taiwan)
NF corporation (Japan)
Kikusui Electronics Corporation (Japan)
Recent Developments in the Market:NA
Global Electronic Load Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Voltage, Application, Current Type, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below: By Voltage:
High Voltage
Low Voltage
By Application:
Aerospace, Defense & Government Services
Automotive
Energy
Wireless Communications & Infrastructure
Others
By Current Type:
AC
DC
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies MentionedKeysight Technologies (US)
AMETEK (US)
National Instruments (US)
Chroma ATE (Taiwan)
Teledyne Technologies (US)
B&K Precision Corporation(US)
Tektronix, Inc (US)
Good Will Instrument Co., Ltd. (Taiwan)
NF corporation (Japan)
Kikusui Electronics Corporation (Japan)
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