Electronic load devices are used for testing various electronic
products through varying resistance. The surge in the utilization of electric
products in various sectors and increase in the utilization of the electronic
testing equipment in research facilities will create the demand for the
electronic load devices. The awareness among the people regarding the
environment has led to the surge in the utilization of electric vehicles and
launch of wide range of EV's and Fuel cell vehicles. The above mentioned all
require the testing in order to avoid accidents, hence driving the demand for
the electronic device market.
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An electronic load is a test instrument designed to sink current and absorb
power from a power source. Power supplies and electronic loads are
complementary test equipment. The power supply tests electronic circuits under
specific sourcing conditions. The surge in the development in electronic
adoption across the world has led to the market growth. The revolution in
various fields such as aerospace, defense, government services, automotive,
energy, and wireless communication & infrastructure have led to
industrialization and urbanization, which have positive impact on the demand
for electronic equipment and electric supply reliability. The instrument used
to test AC and DC electronic and electric current is expected to have huge
demand during the forecast period.
The presence of adoption of electronics in various industries such as oil &
gas, automobiles, renewable energy, wireless communications and infrastructure,
and many other sectors to improve the efficiency in regards with utilization of
power without loss. The rising utilization of consumer electronics from the
past few years in the developing countries such as India and China have led to
increase in the demand for the electronic load devices for testing purpose. The
increase in awareness among the people toward environment has led to the
utilization of alternative power sources in automotive industry and utilization
of green energy. The presence of surge in the EV industry after pandemic has
led to increase in the utilization of battery pack which led to the demand for
battery testing equipment. The increase in the investment of the government toward
renewable energy such as solar and wind have led to increase in the demand for
DC electronic load devices. Furthermore, electrification in the developing
countries has led to investment in the transmission line and power grid, which
led to increased demand for AC electronic load devices market growth during the
forecast period.
The electronic load devices market forecast is segmented on the basis of by
type, voltage, current type, application and region.
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On the basis of type, it is segmented into standalone, modular, and mainframe.
On the basis of voltage, the market is divided into low, medium, and high. On
the basis of current type, the market is bifurcated into AC and DC. On the
basis of application, the electronic load device market is fragmented into
aerospace, defense & government services, automotive, energy, wireless
communication & infrastructure, and others.
Region wise, the market is studied across North America, Europe, Asia-Pacific,
and LAMEA. Presently, North America accounts for the largest electronic load
devices market share, followed by Asia-Pacific, and Europe.
The major companies profiled in this report include AMETEK, Ainuo Instrument
CO., Ltd, B&K Precision Corporation, Chroma ATE, Chroma Systems Solutions
Inc., FDK Corporation, General Electric, Good Will Instrument Co., Itech
Electronic Co. Ltd, Keysight Technologies, Kikusui Electronics Corporation,
Matsudada Precision, National Instrument, NFCorp, TDK-Lambda Corporation,
Tektronix, and Teledyne Technologies. Owing to increase in utilization of
wireless technology in the consumer electronics and surge in the employment of
battery in portable electronic gadgets have led to the demand for various
testing equipment to avoid accidents. Additional growth strategies such as
expansion of production capacities, acquisition, partnership and research &
innovation in the detection technologies have led to attain key developments in
the global electronic load devices market trends.
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Key findings of the study
• North America would exhibit CAGR of 4.9% during 2022-2031.
• As per global electronic load devices market analysis, by type, the modular
segment accounted for the largest share in 2021.
• By voltage, low was the leading segment in 2021.
• By current type, DC segment has largest market share in 2021.
• By application, wireless communication & infrastructure has largest
market share in 2021.
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