Electronic Load Market Size Highlights
Electronic Load Market Size is projected to reach USD 4.91 Billion, with 6.83% CAGR between 2022 and 2030. Electronic load devices are devices that consume electrical energy in the form of current and converts it into heat and light.
In 2019, North America dominated the Electronic Load Market Size in terms of share: MRFR
Global Electronic Load Market Size has been segmented into five regions, namely, Asia-Pacific, the Middle East Africa, Europe, North America, and South America. North America is expected to hold the largest share of the Electronic Load Market Size during the forecast period. The demand for electronic load devices in this region is growing primarily due to aerospace, defence, government services, and automotive applications.
Device manufacturers use electronic loads to test various power devices in the US, making it one of the potential markets for electronic loads. In Asia-Pacific, China held the largest market share in 2019 due to extensive government support and increasing investment in the power industry. In Europe, Germany held the largest market share in 2018 and is expected to grow at the fastest rate during the forecast period, primarily due to the increase in spending in the aerospace defence industry. In the Middle East Africa, the UAE is expected to be one of the leading markets for electronic load devices.
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Report Attribute/Metric | Details |
CAGR | 6.83% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Voltage, Application and Current Type |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
The global Electronic Load Market Size has been segmented based on voltage, application, and current type. Based on voltage, the global market is divided into low and high. The low voltage segment is expected to hold the larger share of the global market and grow at the faster rate during the study period. Based on application, the global market is segmented into aerospace, defence, and government services, automotive, energy, wireless communication and infrastructure, and others.
The automotive segment is projected to grow at the fastest rate during the forecast period due to the increase in the development of electric and autonomous vehicles. Based on the current type, the global Electronic Load Market Size has been divided into AC and DC. The DC segment is expected to hold a larger share within the global Electronic Load Market Size.
Scope of the Report
This report provides an in-depth analysis of the global Electronic Load Market Size, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Electronic Load Market Size by voltage, application, current type, and region.
- Voltage
- Low
- High
- Application
- Aerospace, defence government services
- Automotive
- Energy
- Wireless communication and infrastructure
- Others
- Current type
- AC
- DC
- By Region
- North America
- Asia-Pacific
- Europe
- Middle East Africa
- South America
Key Players
The Key Players operating in the Global Electronic Load Market are Teledyne Technologies (US), Keysight Technologies (US), Ametek (US), National Instruments (US), Chroma ATE (Taiwan), BK Precision Corporation (US), Tektronix (US), Good Will Instrument Co., Ltd. (Taiwan), NFcorp (Japan), Kikusui Electronics Corporation (Japan), Hocherl Hackl GmbH (Germany), Matsusada Precision (Japan), Magna-Power Electronics (US), Beich Electronics (China) and Itech Electronic Co. Ltd. (Taiwan).
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