The global electronic load devices market revenue was around US$ 3.2 billion in 2022 and is estimated to reach US$ 5.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.4% during the forecast period from 2023 to 2031.
An electronic load is a test device designed to sink current and absorb power out of a power source. The electronic load tests the energy sources or energy transformation blocks under distinct loading restrictions. An electronic load is a programmable instrument that provides the user with several modes of control such as constant current (CC), constant voltage (CV), constant resistance (CR), or constant power (CP).
Market Driving Factors
The existence of investment of the leading companies in renewable energy and electric vehicles is estimated to boost the market growth. This is mainly owing to the existence of a massive population and immediate development in the economy in developing nations such as China and India have led to a rise in demand for power. As a result, the government has funded the development of solar energy and the production of fuel cells which can be utilized as a power source.
Manufacturers are continuously creating technologically cutting-edge electronic loads due to the increasing need for high-performance electronic loads that can imitate difficult real-world situations. For instance, the development of electronic loads with high power densities and sophisticated cooling systems is estimated to propel the market growth. However, electronic loads are estimated to become more prevalent across a range of end-use sectors as a result of the integration of advanced features such as transient response, dynamic loading, and real-time monitoring.
The requirement for high capital to make electronic load devices and the shortage of technical expertise & skills are some factors that restrict market growth.
Regional Analysis
North America is estimated to dominate the market in terms of the largest shares. This is primarily owing to the widespread usage of intelligent electrical and electronics. The industry will boost by increasing awareness of the advantages of utilizing environmentally friendly electric automobiles. Furthermore, the high demand for electronic load owing to a surge in investment in R&D across numerous end-use sectors is estimated to drive the market. Moreover, the region's electronic load industry is likely to profit from the implementation of 5G technology in the communication sector.
Segmentation Insights
Current Type Insight
The AC segment is predicted to dominate the market in terms of the fastest revenue. This is primarily due to the increasing use of AC electronic loads in several applications, including lighting, power electronics, and motor control. Furthermore, in power electronics testing, AC electronic loads are frequently utilized to mimic and assess the performance of AC power sources such as AC inverters, rectifiers, and converters.
DC segment is estimated to dominate the market in terms of the growth rate. This is mainly owing to the favorable elements such as the high application of DC electronic load devices for testing power in different electronic equipment such as power converters, inverter testing, solar panels, and others. Moreover, the increase in demand for the DC could influence the global market performance in the future.
Application Insight
The automotive segment is estimated to dominate the market in terms of growth rate. This is because increasing use of electronic loads in automotive testing applications. Furthermore, electronic loads are utilized in automotive testing to perform different tests on automobile components and systems, including electric drivetrains, batteries, and regenerative braking systems.
Prominent Companies
Segmentation Outline
The global electronic load devices market segmentation focuses on the Type, Voltage, Current Type, Application, and Region.
By Type
By Voltage
By Current Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL ELECTRONIC LOAD DEVICES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: ELECTRONIC LOAD DEVICES MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL ELECTRONIC LOAD DEVICES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL ELECTRONIC LOAD DEVICES MARKET, BY TYPE
5.1 OVERVIEW
5.2 STANDALONE
5.3 MODULAR
5.4 MAINFRAME
6 GLOBAL ELECTRONIC LOAD DEVICES MARKET, BY VOLTAGE
6.1 OVERVIEW
6.2 LOW
6.3 MEDIUM
6.4 HIGH
7 GLOBAL ELECTRONIC LOAD DEVICES MARKET, BY CURRENT TYPE
7.1 OVERVIEW
7.2 DC
7.3 AC
8 GLOBAL ELECTRONIC LOAD DEVICES MARKET, BY APPLICATION
8.1 OVERVIEW
8.2 AEROSPACE, DEFENSE, AND GOVERNMENT SERVICES
8.3 AUTOMOTIVE
8.4 ENERGY
8.5 WIRELESS COMMUNICATIONS AND INFRASTRUCTURE
8.6 OTHERS
9 GLOBAL ELECTRONIC LOAD DEVICES MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL ELECTRONIC LOAD DEVICES MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 LTECH ELECTRONIC CO. LTD
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 NF CORP
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 TDK-LAMBDA CORPORATION
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 FDK CORPORATION
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 GOOD WILL INSTRUMENT CO.
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 CHROMA ATE
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 KEYSIGHT TECHNOLOGIES
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 TELEDYNE TECHNOLOGIES INC.
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 CHROMA SYSTEMS SOLUTIONS INC.
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 TEKTRONIX
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 MATSUDADA PRECISION
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 KIKUSUI ELECTRONICS CORPORATION
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 GENERAL ELECTRIC
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 NATIONAL INSTRUMENT
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 AMETEK
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.16 AINUO INSTRUMENT CO. LTD
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS
11.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.17 B&K PRECISION CORPORATION
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS
11.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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