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The market size for electronic loads was estimated to be USD 3.9 billion in 2022. The industry for electronic loads is anticipated to increase from USD 4.6 billion in 2023 to USD 7.08 billion in 2030, with a compound annual growth rate (CAGR) of 7.80% over the five-year projection period (2023–2030). The primary market factors accelerating market expansion include an increase in the use of various portable electronic devices as well as an increase in the use of converters in the renewable energy sector.
The market CAGR for electronic loads is being driven by rising investments in wireless communications and infrastructure, which will hasten the testing of power supplies and wireless networks to ensure the efficient operation of electronic components. Smartphone and mobile phone demand is increasing, especially in developing nations, which has sped up the creation of wireless infrastructure. Mobile phone batteries are also required for operation, and they must be accurately examined to avoid errors.
Even the military, the government, and the aerospace industries employ wireless communication systems to stay in touch even in remote locations. It is essential to ensure the efficient operation of every component because wireless communications are becoming more and more dependent on in all areas of operation. Therefore, the demand for electronic load would be driven during the predicted period by rising investments in wireless communications and infrastructure.
The need to reduce carbon emissions and the rise in environmental consciousness among people are the primary drivers behind the creation of renewable energy. As a result of the growth of the renewable energy sector, governments have constructed massive facilities all over the world to create electricity from hydro, solar, wind, and tidal resources. The growing proportion of power generated from renewable energy sources can also be attributed to the fact that they require far less capital than oil and gas. The total global capacity of renewable energy increased by 10.3% to 2799094 MW in 2020, according to the International Renewable Energy Agency's Renewable Capacity Statistics 2021. Before being used, renewable energy must first be stored in batteries. Throughout the forecast period, this factor is anticipated to drive the electronic load market's revenue.
Voltage-based market segmentation for electronic loads includes low and high. In 2022, the low segment dominated the market, and this trend is probably going to hold throughout the projected period as well. This market is growing as a result of the rising demand for testing and measurement tools during the early stages of development to reduce malfunctions later.
Report Coverage
Global Electronic Load research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electronic Load report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electronic Load competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electronic Load market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electronic Load market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electronic Load market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Keysight Technologies (US), Ametek (US), National Instruments (US), Chroma ATE (Taiwan), Teledyne Technologies (US), B&K 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).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electronic Load market based on the below-mentioned segments:
Global Electronic Load Market, By Type
AC
DC
Global Electronic Load market, By Application
Aerospace, Defense, And Government Services
Automotive
Energy
Wireless Communication and Infrastructure
Others
Global Electronic Load Market, By End User
Low
High
Global Electronic Load market, Regional Analysis
The market CAGR for electronic loads is being driven by rising investments in wireless communications and infrastructure, which will hasten the testing of power supplies and wireless networks to ensure the efficient operation of electronic components. Smartphone and mobile phone demand is increasing, especially in developing nations, which has sped up the creation of wireless infrastructure. Mobile phone batteries are also required for operation, and they must be accurately examined to avoid errors.
Even the military, the government, and the aerospace industries employ wireless communication systems to stay in touch even in remote locations. It is essential to ensure the efficient operation of every component because wireless communications are becoming more and more dependent on in all areas of operation. Therefore, the demand for electronic load would be driven during the predicted period by rising investments in wireless communications and infrastructure.
The need to reduce carbon emissions and the rise in environmental consciousness among people are the primary drivers behind the creation of renewable energy. As a result of the growth of the renewable energy sector, governments have constructed massive facilities all over the world to create electricity from hydro, solar, wind, and tidal resources. The growing proportion of power generated from renewable energy sources can also be attributed to the fact that they require far less capital than oil and gas. The total global capacity of renewable energy increased by 10.3% to 2799094 MW in 2020, according to the International Renewable Energy Agency's Renewable Capacity Statistics 2021. Before being used, renewable energy must first be stored in batteries. Throughout the forecast period, this factor is anticipated to drive the electronic load market's revenue.
Voltage-based market segmentation for electronic loads includes low and high. In 2022, the low segment dominated the market, and this trend is probably going to hold throughout the projected period as well. This market is growing as a result of the rising demand for testing and measurement tools during the early stages of development to reduce malfunctions later.
Report Coverage
Global Electronic Load research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electronic Load report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electronic Load competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electronic Load market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Keysight Technologies (US), Ametek (US), National Instruments (US), Chroma ATE (Taiwan), Teledyne Technologies (US), B&K 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). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electronic Load Market from 2021 to 2030.
- Market Forecast for Electronic Load Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electronic Load competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electronic Load
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electronic Load market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electronic Load market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Keysight Technologies (US), Ametek (US), National Instruments (US), Chroma ATE (Taiwan), Teledyne Technologies (US), B&K 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).
Primary Target Market
- Market Players of Electronic Load
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electronic Load market based on the below-mentioned segments:
Global Electronic Load Market, By Type
AC
DC
Global Electronic Load market, By Application
Aerospace, Defense, And Government Services
Automotive
Energy
Wireless Communication and Infrastructure
Others
Global Electronic Load Market, By End User
Low
High
Global Electronic Load market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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