Electronic Load - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Electronic Load Market is accounted for $3.05 billion in 2019 and is expected to reach $5.78 billion by 2027 growing at a CAGR of 8.3% during the forecast period. Some of the factors such as capitalize on the dependability of wireless communication and emphasis on testing of customer electronics & appliances are the major factors propelling market growth. However, the high capital cost of electronic loads is hindering the market growth.
Electronic Loads are load devices that are used to place the required resistance value. The alternate current and direct current electronic loads are used to test a large series of power sources such as converters, inverters, and electrotechnical sources such as the battery, wind, and fuel cells.
Based on the application, the wireless communication and infrastructure segment is going to have a lucrative growth during the forecast period as it is used across various industries such as aerospace, automotive, and consumer electronics, among others, as it provides a reliable control system and improves productivity. Thus, increasing dependency on wireless communication has raised the demand for electronic load for various wireless and power supply testing to ensure efficient operation of the electronic components.
By geography, North America is going to have a lucrative growth during the forecast period due to the increased investment in R&D across various end-use sectors. Also, the adoption of 5G technology is expected to boost the electronic load market in the region.
Some of the key players profiled in the Electronic Load Market include AMETEK, Inc., B&K Precision Corporation, Chroma ATE, Inc., Good Will Instrument Co. Ltd., Keysight Technologies, Kikusui Electronics Corporation, Matsusada Precision, Inc., National Instruments Corporation, Tektronix, Teledyne Technologies, National Instruments, Rigol Technologies, Magna-Power Electronics, Beich Electronics, and Array Electronics.
Current Types Covered:
• DC (Direct Current)
• AC (Alternate Current)
• Low Voltage (0V–150V)
• Medium Voltage (0V–600V)
• High Voltage (0V–1,200V)
• Fuel Cells
• Charging Pile
End Users Covered:
• Wireless Communications & Infrastructure
• Solar, Wind, and Energy
• Aerospace, Defense & Government Services
• Battery Manufacturing
• Power Supply Equipment Manufacturing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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