An electronic load is a device designed to simulate the load, such as a resistor, in an electrical circuit. It is commonly used in the testing and characterization of power supplies, batteries, fuel cells, and other power sources. Rather than dissipating energy like a traditional resistor, an electronic load consumes electrical power and converts it into heat or other forms of energy. The key factor driving the market growth is rising emphasis on testing of consumer electronics & appliances, rising demand in automotive industry, and growing wireless communications and infrastructure. These factors are anticipated to create the lucrative demand for the market during forecast period 2023-2030.
Moreover, the surging consumption of renewable energy can support the growth of the electronic load market. As renewable energy sources such as solar and wind power become more prevalent, there is a growing need to test the performance and reliability of related electronic components and systems. This includes testing electronic loads, which simulate the power consumption of devices under different operating conditions. The increased adoption of renewable energy creates a larger market for electronic load testing equipment and services. According to the International Renewable Energy Agency's Renewable Capacity Statistics 2021, the world's total renewable capacity increased by 10.3% in 2020 to 2799094 MW. Additionally, support policies and infrastructure development for electric vehicles (EV), and increasing investments in research and development (R&D) for test and measurement equipment is anticipated to create the lucrative growth opportunity for the market over the forecast period. However, the high capital cost of electronic loads and rapid technological changes stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Electronic Load Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the presence of key market players, growing focus on R&D for aerospace & defense, rising adoption of autonomous vehicles, and growing foreign direct investments (FDI) for the automotive sector. Whereas, the Asia Pacific is expected to grow at fastest growth rate during the forecast period, owing to factors such as the cohesive government policies for electric mobility, rising adoption of 5G technology, rising investments in R&D and growing wireless communications & infrastructure in the region.
Major market player included in this report are:
- Keysight Technologies (US)
- AMETEK (US)
- National Instruments (US)
- Chroma ATE (Taiwan)
- Teledyne Technologies (US)
- B&K Precision Corporation(US)
- Tektronix, Inc (US)
- Good Will Instrument Co., Ltd. (Taiwan)
- NF corporation (Japan)
- Kikusui Electronics Corporation (Japan)
Recent Developments in the Market:
Global Electronic Load Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Voltage, Application, Current Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Voltage:
By Application:
- Aerospace, Defense & Government Services
- Automotive
- Energy
- Wireless Communications & Infrastructure
- Others
By Current Type:
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Electronic Load Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Electronic Load Market, by Voltage, 2020-2030 (USD Billion)
- 1.2.3. Electronic Load Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Electronic Load Market, by Current Type, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Electronic Load Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Electronic Load Market Dynamics
- 3.1. Electronic Load Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising emphasis on testing of consumer electronics & appliances,
- 3.1.1.2. Increasing demand in automotive industry
- 3.1.1.3. Growing wireless communications and infrastructure
- 3.1.2. Market Challenges
- 3.1.2.1. High capital cost of electronic loads
- 3.1.2.2. Rapid technological changes
- 3.1.3. Market Opportunities
- 3.1.3.1. Cohesive government policies and infrastructure development for electric vehicles (EV)
- 3.1.3.2. Increasing investments in research and development (R&D) for test and measurement equipment
Chapter 4. Global Electronic Load Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Electronic Load Market, by Voltage
- 5.1. Market Snapshot
- 5.2. Global Electronic Load Market by Voltage, Performance - Potential Analysis
- 5.3. Global Electronic Load Market Estimates & Forecasts by Voltage 2020-2030 (USD Billion)
- 5.4. Electronic Load Market, Sub Segment Analysis
- 5.4.1. High Voltage
- 5.4.2. Low Voltage
Chapter 6. Global Electronic Load Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Electronic Load Market by Application, Performance - Potential Analysis
- 6.3. Global Electronic Load Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Electronic Load Market, Sub Segment Analysis
- 6.4.1. Aerospace, Defence & Government Services
- 6.4.2. Automotive
- 6.4.3. Energy
- 6.4.4. Wireless Communications & Infrastructure
- 6.4.5. Others
Chapter 7. Global Electronic Load Market, by Current Type
- 7.1. Market Snapshot
- 7.2. Global Electronic Load Market by Current Type, Performance - Potential Analysis
- 7.3. Global Electronic Load Market Estimates & Forecasts by Current Type 2020-2030 (USD Billion)
- 7.4. Electronic Load Market, Sub Segment Analysis
Chapter 8. Global Electronic Load Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Electronic Load Market, Regional Market Snapshot
- 8.4. North America Electronic Load Market
- 8.4.1. U.S. Electronic Load Market
- 8.4.1.1. Voltage breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Current Type breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Electronic Load Market
- 8.5. Europe Electronic Load Market Snapshot
- 8.5.1. U.K. Electronic Load Market
- 8.5.2. Germany Electronic Load Market
- 8.5.3. France Electronic Load Market
- 8.5.4. Spain Electronic Load Market
- 8.5.5. Italy Electronic Load Market
- 8.5.6. Rest of Europe Electronic Load Market
- 8.6. Asia-Pacific Electronic Load Market Snapshot
- 8.6.1. China Electronic Load Market
- 8.6.2. India Electronic Load Market
- 8.6.3. Japan Electronic Load Market
- 8.6.4. Australia Electronic Load Market
- 8.6.5. South Korea Electronic Load Market
- 8.6.6. Rest of Asia Pacific Electronic Load Market
- 8.7. Latin America Electronic Load Market Snapshot
- 8.7.1. Brazil Electronic Load Market
- 8.7.2. Mexico Electronic Load Market
- 8.8. Middle East & Africa Electronic Load Market
- 8.8.1. Saudi Arabia Electronic Load Market
- 8.8.2. South Africa Electronic Load Market
- 8.8.3. Rest of Middle East & Africa Electronic Load Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Keysight Technologies (US)
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. AMETEK, Inc (US)
- 9.3.3. National Instruments (US)
- 9.3.4. Chroma ATE (Taiwan)
- 9.3.5. Teledyne Technologies (US)
- 9.3.6. B&K Precision Corporation (US)
- 9.3.7. Tektronix, Inc (US)
- 9.3.8. Good Will Instrument Co., Ltd. (Taiwan)
- 9.3.9. NF Corporation (Japan)
- 9.3.10. Kikusui Electronics Corporation (Japan)
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption