Electronic Load Market Growth, Trends, Absolute Opportunity and Value Chain 2020-2026

The major factors which are driving the growth of the Global Electronic Load market include the rising emphasis on consumer electronic & appliance testing and boosting the reliability on wireless communication. The increasing investments in aerospace, defence & government services to develop technologically advanced spacecraft as well as aircraft and defence systems is further propelling the growth of the market. Moreover, favourable policies and growing infrastructure development for electric vehicle across the globe coupled with the rising investment in research & development (R&D) to develop equipment, is further fuelling the growth of the market. However, high cost of electronic load may hamper the growth of the market.

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Electronic Loads are load devices that is used to set to the desired resistance value. The AC and DC electronic loads are used to test large range of power sources such as inverters, converters, UPSs, and electrotechnical sources such as battery, solar, wind, and fuel cells. Manufacturers of solar, power supply, and battery need to test their supplies dynamically due to the repeated increasing and declining load capacity.

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Based on the Voltage, the low voltage segment is expected to grow at a higher CAGR during the forecast period owing to the surging demand for electronic load for testing and measuring of equipment’s reliability to avoid malfunctioning of equipment coupled with the growing demand for portable devices. Low voltage electronic load is widely used by manufacturer to test devices during early stage of production in order to identify product features.

Based on the Current Type, the DC segment is projected to grow at a higher CAGR in the market during the forecast period owing to the increasing usage of DC electronic load to test power devices such as inverter, power supplies, power converter, solar panel, and batteries.

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Based on the Application, the Automotive segment is expected to grow at a higher CAGR during the forecast period due to the growing development of electric vehicle and autonomous vehicles. Electric vehicles are highly dependent on batters and battery manufacturer are using electronic load to test battery capability.

Based on the region, North America is projected to grow at a higher CAGR in the global Electronic Load market during the forecast period owing to the increasing investment on Research & Development (R&D) across industries, which increases the demand for electronic load. The increased demand of electronic load by aerospace, defence and government services, automotive wireless communication and the increasing adoption of 5G technology is also expected to fuel the growth of the market.

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The major key players in the market include Keysight Technologies, AMETEK, Inc., Teledyne Technologies, National Instruments Corporation, Good Will Instrument Co. Ltd., Tektronix, B&K Precision Corporation, Chroma ATE, Inc., Kikusui Electronics Corporation, Matsusada Precision, Inc. among others.

The Global Electronic Load market has been segmented based on the Voltage, Current Type, Application, and key region. Based on Voltage, the market is segmented into High Voltage and Low Voltage. Based on Current Type, the market is segmented into AC, DC, and Above 100 Mhz. Based on Application, the market is segmented into Aerospace, Defence & Government Services, Automotive, Energy, Wireless Communication & Infrastructure, and Others.

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