The global electronic load devices market size was valued at $3.1 billion in 2021, and projected to reach $5.2 billion by 2031, with a CAGR of 5.4% from 2022 to 2031.
Electronic load device is a load device designed to provide a specific resistance value. It is a programmable or computer-controlled electrical device that provides a load to the outputs of a power supply equipment. It is usually capable of dynamic loading. The electronic load mimics the real load that a power source encounters in a real application. Still, unlike the total load, which can be unpredictable and random in value, the electronic load is ordered, confined, and entirely controllable.
Increasing wireless communications and infrastructure expenditures would speed up wireless and power supply testing, ensuring that electronic components operate efficiently. The growth in demand for smartphones and mobile phones, particularly in emerging countries, has accelerated the expansion of wireless infrastructure.
Furthermore, to function, mobile phones, too, require batteries, which necessitate precise testing to avoid accidents. Many trends in the wireless communications sector, such as the impending long-term evolution (LTE), growth in usage of smart devices, enhanced mobility, and explosive growth in mobile data traffic are expected to drive the demand for wireless communication & infrastructure segment in electronic load devices market.
North America is a major market for electronic loads due to the widespread usage of intelligent electronics and electrical. The industry would also be fueled by a growing awareness of the benefits of using environmentally-friendly electric automobiles. Furthermore, North America is anticipated to have a large market share, with high demand for electronic load due to increased investment in R&D across multiple end-use sectors. In addition, the region's electronic load industry is likely to benefit from implementation of 5G technology in the communication sector. Owing to rising electrification and quick adoption of electronics, Asia-Pacific is the second-most dominating area in the electronic load sector. Increased investments in electric vehicles drive the Asia-Pacific market growth.
The electronic load devices market is segmented on the basis of by type, voltage, current type, application and region. 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. In addition, on the basis of application, the global electronic load device market is fragmented into aerospace, defense & government services, automotive, energy, wireless communication & infrastructure, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, 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. The rapid industrialization and urbanization have led to the demand for electronic equipment in consumer services and recreation sector, which has further led to the increase in the demand for electronic load devices. The demand for electronic load devices in the construction of smart cities has fueled the demand for electronic load devices market. The demand for the solar based renewable energy due to increase in demand for green energy in the developing countries is another factor that fosters the demand for electronic load devices market. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the type of electronic load devices have led to attain key developments in the global electronic load devices market trends.
The COVID-19 negatively impacted the electronic load devices market as it led to a decline in the sales turnover. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the major manufacturing giants have launched various products related to consumer electronics which will lead to surge in the market growth after the pandemic
Electronic load device is a load device designed to provide a specific resistance value. It is a programmable or computer-controlled electrical device that provides a load to the outputs of a power supply equipment. It is usually capable of dynamic loading. The electronic load mimics the real load that a power source encounters in a real application. Still, unlike the total load, which can be unpredictable and random in value, the electronic load is ordered, confined, and entirely controllable.
Increasing wireless communications and infrastructure expenditures would speed up wireless and power supply testing, ensuring that electronic components operate efficiently. The growth in demand for smartphones and mobile phones, particularly in emerging countries, has accelerated the expansion of wireless infrastructure.
Furthermore, to function, mobile phones, too, require batteries, which necessitate precise testing to avoid accidents. Many trends in the wireless communications sector, such as the impending long-term evolution (LTE), growth in usage of smart devices, enhanced mobility, and explosive growth in mobile data traffic are expected to drive the demand for wireless communication & infrastructure segment in electronic load devices market.
North America is a major market for electronic loads due to the widespread usage of intelligent electronics and electrical. The industry would also be fueled by a growing awareness of the benefits of using environmentally-friendly electric automobiles. Furthermore, North America is anticipated to have a large market share, with high demand for electronic load due to increased investment in R&D across multiple end-use sectors. In addition, the region's electronic load industry is likely to benefit from implementation of 5G technology in the communication sector. Owing to rising electrification and quick adoption of electronics, Asia-Pacific is the second-most dominating area in the electronic load sector. Increased investments in electric vehicles drive the Asia-Pacific market growth.
The electronic load devices market is segmented on the basis of by type, voltage, current type, application and region. 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. In addition, on the basis of application, the global electronic load device market is fragmented into aerospace, defense & government services, automotive, energy, wireless communication & infrastructure, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest share of the market, 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. The rapid industrialization and urbanization have led to the demand for electronic equipment in consumer services and recreation sector, which has further led to the increase in the demand for electronic load devices. The demand for electronic load devices in the construction of smart cities has fueled the demand for electronic load devices market. The demand for the solar based renewable energy due to increase in demand for green energy in the developing countries is another factor that fosters the demand for electronic load devices market. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the type of electronic load devices have led to attain key developments in the global electronic load devices market trends.
Impact of Covid-19 on Global Electronic Load Devices Market
The global COVID-19 pandemic has negative impact on the electronic load devices market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market exhibited a decline by about 20% in 2020 compared to 2019.The COVID-19 negatively impacted the electronic load devices market as it led to a decline in the sales turnover. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the major manufacturing giants have launched various products related to consumer electronics which will lead to surge in the market growth after the pandemic
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electronic load devices market analysis from 2021 to 2031 to identify the prevailing electronic load devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electronic load devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electronic load devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Standalone
- Modular
- Mainframe
By Voltage
- Low
- Medium
- High
By Current Type
- DC
- AC
By Application
- Aerospace, Defense and Government Services
- Automotive
- Energy
- Wireless Communications and Infrastructure
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- AMETEK
- Ainuo Instrument CO., Ltd
- B&K Precision Corporation
- Chroma ATE
- Chroma Systems Solutions Inc.
- FDK Corporation
- General Electric
- Good Will Instrument Co.
- Ltech Electronic Co. Ltd
- Keysight Technologies
- Kikusui Electronics Corporation
- Matsudada Precision
- National Instrument
- NFCorp
- TDK-Lambda Corporation
- Tektronix
- Teledyne Technologies Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ELECTRONIC LOAD DEVICES MARKET, BY TYPE
CHAPTER 5: ELECTRONIC LOAD DEVICES MARKET, BY VOLTAGE
CHAPTER 6: ELECTRONIC LOAD DEVICES MARKET, BY CURRENT TYPE
CHAPTER 7: ELECTRONIC LOAD DEVICES MARKET, BY APPLICATION
CHAPTER 8: ELECTRONIC LOAD DEVICES MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Electronic Load Devices Market," the electronic load devices market size was valued at $3.1 billion in 2021, and electronic load devices industry is estimated to reach $5.2 billion by 2031, growing at a CAGR of 5.4% from 2022 to 2031.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.
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.
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.
- Impact of Covid-19 on Global Electronic Load Devices Market
- The global COVID-19 pandemic has negative impact on the electronic load devices market. This market has experienced lower than anticipated demand across all regions compared to pre pandemic levels. The global market exhibited a decline by about 20% in 2020 compared to 2019.
- The COVID-19 negatively impacted the electronic load devices market as it led to a decline in the sales turnover. Owing to stringent lockdown restrictions, the manufacturing activity got severely affected, which hampered the market growth and profitability. However, during the forecast period, the market is expected to recover due to eased lockdown restrictions in most nations. Furthermore, the major manufacturing giants have launched various products related to consumer electronics which will lead to surge in the electronic load devices market opportunities after the pandemic.
Companies Mentioned
- Ametek
- Ainuo Instrument Co. Ltd
- B&K Precision Corporation
- Chroma Ate
- Chroma Systems Solutions Inc.
- Fdk Corporation
- General Electric
- Good Will Instrument Co.
- Ltech Electronic Co. Ltd
- Keysight Technologies
- Kikusui Electronics Corporation
- Matsudada Precision
- National Instrument
- Nfcorp
- Tdk-Lambda Corporation
- Tektronix
- Teledyne Technologies Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 438 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3.1 billion |
| Forecasted Market Value ( USD | $ 5.2 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
