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Global Electronic Load Market Size, Analysis, Research: By Voltage: Low (0V–150V), Medium (0V–600V), High (0V–1,200V); By Current: Alternating Current (AC), Direct Current (DC); By Type: Standalone, Modular, Mainframe; By Application; By End Use; Regional Analysis; Competitive Landscape: Industry Events and Developments; 2022-2027

Global Electronic Load Market Outlook

The global electronic load market size stood at a value of around USD 3.3 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 6.70% to reach USD 4.87 billion by 2027.

 

Heightened Application of DC Electronic Loads in Various Electronic Equipment to Augment the Market

The increasing applications of DC electronic load in electrical devices which store and convert energy, is driving the segment’s growth. The product is also witnessing a heightened application in testing sources of DC, such as batteries, solar panels, LED drivers, and fuel cells, among others, which is further augmenting the segment growth.

 

Over the forecast period, the anticipated increase in demand for fuel cells due to the increasing transition from tradition vehicles to fuel cell vehicles is likely to be a boon for the electronic load market. In addition to this, the product is also expected to witness an escalated application for DC source testing in automotive charging stations.

 

North America Occupies a Sizable Share in the Market for Electronic Load

The market in the North America region is being driven by the technologically advanced wireless communication infrastructure in the United States of America and Canada. In addition to this, the thriving automotive industry in the region owing to the increasing sales of fuel cell or battery driven vehicles is further boosting the demand for electronic loads. Moreover, the increasing research and development activities in various end use industries, coupled with the high military expenditure of the United States are anticipated to accelerate the market in the coming years.

 

Market Segmentation

Electronic load is defined as programmable electrical equipment which is used to provide load to the outputs of a power supply by being set to a particular resistance value. In other words, electronic load transforms the consumed current into various forms such as heat, light, and mechanical energy, etc.

 

Based on voltage, the market can be segmented into:

  • Low (0V–150V)
  • Medium (0V–600V)
  • High (0V–1,200V)

 

By current, the electronic load market has been bifurcated into:

  • Alternating Current (AC)
  • Direct Current (DC)

 

On the basis of type, the market has been categorised into:

  • Standalone
  • Modular
  • Mainframe

 

The significant applications for the market are as follows:

  • Converters
  • Fuel Cells
  • Batteries
  • UPSs
  • Inverters
  • Others

 

The market can be broadly categorised based on end use into:

  • Aerospace, Defence, and Government Services
  • Automotive
  • Wireless Communication and Infrastructure
  • Energy
  • Others

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Applications in the Aerospace and Defence Sector to Boost the Growth of the Electronic Load Industry

The global electronic load market is being driven by the increasing focus on the manufacture of consumer electronics owing to the rapid digitalisation, rising disposable income, and increasing complexity of power infrastructure in urban areas. Meanwhile, the increasing application of electronic loads in the aerospace and defence sector, to increase the efficiency of military-grade power electronics and to improve the energy storage and distribution is further propelling the market growth.

 

Over the forecast period, there is an anticipated increase in incorporation of military-style battery terminals and custom-made power conversion solutions. These are aimed at providing better insights in a mission and are likely to lead to greater emphasis of military equipment manufacturers on the production of electronic loads.

 

The heightened demand for integrated AC and DC power supplies in various end use industries such as energy, is likely to generate a significant demand for electronic loads in the coming years. Furthermore, the market is anticipated to be aided by the growing research and development activities by the power equipment manufacturers. They are likely to lead to the development of innovative wireless communication technologies in the forecast period, thereby, invigorating the market growth.

 

Key Players in the Global Market for Electronic Load

The report gives a detailed analysis of the following key players in the global electronic load market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Keysight Technologies, Inc.
  • National Instruments Corporation
  • Chroma ATE Inc.
  • B&K Precision Corporation
  • Good Will Instrument Co., Ltd.
  • ITECH ELECTRONIC CO., LTD.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Voltage
  • Current 
  • Type
  • Application 
  • End Use
  • Region
Breakup by Voltage
  • Low (0V–150V)
  • Medium (0V–600V)
  • High (0V–1,200V)
Breakup by Current 
  • Alternating Current (AC)
  • Direct Current (DC)
Breakup by Type
  • Standalone
  • Modular
  • Mainframe
Breakup by Application 
  • Converters
  • Fuel Cells
  • Batteries
  • UPSs
  • Inverters
  • Others
Breakup by End Use
  • Aerospace, Defence, and Government Services
  • Automotive
  • Wireless Communication and Infrastructure
  • Energy
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Keysight Technologies, Inc.
  • National Instruments Corporation
  • Chroma ATE Inc.
  • B&K Precision Corporation
  • Good Will Instrument Co., Ltd.
  • ITECH ELECTRONIC CO., LTD.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electronic Load Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electronic Load Historical Market (2017-2021) 
    8.3    Global Electronic Load Market Forecast (2022-2027)
    8.4    Global Electronic Load Market by Voltage
        8.4.1    Low (0V–150V)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Medium (0V–600V)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    High (0V–1,200V)
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    8.5    Global Electronic Load Market by Current 
        8.5.1    Alternating Current (AC)
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Direct Current (DC)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Electronic Load Market by Type
        8.6.1    Standalone
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Modular
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Mainframe
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Global Electronic Load Market by Application 
        8.7.1    Converters
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Fuel Cells
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Batteries
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    UPSs
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Inverters
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021)
            8.7.5.3    Forecast Trend (2022-2027)
        8.7.6    Others
    8.8    Global Electronic Load Market by End Use
        8.8.1    Aerospace, Defence, and Government Services
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Automotive
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Wireless Communication and Infrastructure
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021)
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Energy
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021)
            8.8.4.3    Forecast Trend (2022-2027)
        8.8.5    Others
    8.9    Global Electronic Load Market by Region       
       8.9.1    North America
           8.9.1.1    Market Share
           8.9.1.2    Historical Trend (2017-2021) 
           8.9.1.3    Forecast Trend (2022-2027)
       8.9.2    Europe
           8.9.2.1    Market Share
           8.9.2.2    Historical Trend (2017-2021) 
           8.9.2.3    Forecast Trend (2022-2027)
       8.9.3    Asia Pacific
           8.9.3.1    Market Share
           8.9.3.2    Historical Trend (2017-2021) 
           8.9.3.3    Forecast Trend (2022-2027)
       8.9.4    Latin America
           8.9.4.1    Market Share
           8.9.4.2    Historical Trend (2017-2021) 
           8.9.4.3    Forecast Trend (2022-2027)
       8.9.5    Middle East and Africa
           8.9.5.1    Market Share
           8.9.5.2    Historical Trend (2017-2021) 
           8.9.5.3    Forecast Trend (2022-2027)
9    North America Electronic Load Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Electronic Load Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Electronic Load Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Electronic Load Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Electronic Load Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Keysight Technologies, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    National Instruments Corporation
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Chroma ATE Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    B&K Precision Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Good Will Instrument Co., Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    ITECH ELECTRONIC CO., LTD.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
            15.2.7    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Electronic Load Market: Key Industry Highlights, 2017 and 2027
2.    Global Electronic Load Historical Market: Breakup by Voltage (USD Million), 2017-2021
3.    Global Electronic Load Market Forecast: Breakup by Voltage (USD Million), 2022-2027
4.    Global Electronic Load Historical Market: Breakup by Current (USD Million), 2017-2021
5.    Global Electronic Load Market Forecast: Breakup by Current (USD Million), 2022-2027
6.    Global Electronic Load Historical Market: Breakup by Type (USD Million), 2017-2021
7.    Global Electronic Load Market Forecast: Breakup by Type (USD Million), 2022-2027
8.    Global Electronic Load Historical Market: Breakup by Application (USD Million), 2017-2021
9.    Global Electronic Load Market Forecast: Breakup by Application (USD Million), 2022-2027
10.    Global Electronic Load Historical Market: Breakup by End Use (USD Million), 2017-2021
11.    Global Electronic Load Market Forecast: Breakup by End Use (USD Million), 2022-2027
12.    Global Electronic Load Historical Market: Breakup by Region (USD Million), 2017-2021
13.    Global Electronic Load Market Forecast: Breakup by Region (USD Million), 2022-2027
14.    North America Electronic Load Historical Market: Breakup by Country (USD Million), 2017-2021
15.    North America Electronic Load Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Europe Electronic Load Historical Market: Breakup by Country (USD Million), 2017-2021
17.    Europe Electronic Load Market Forecast: Breakup by Country (USD Million), 2022-2027
18.    Asia Pacific Electronic Load Historical Market: Breakup by Country (USD Million), 2017-2021
19.    Asia Pacific Electronic Load Market Forecast: Breakup by Country (USD Million), 2022-2027
20.    Latin America Electronic Load Historical Market: Breakup by Country (USD Million), 2017-2021
21.    Latin America Electronic Load Market Forecast: Breakup by Country (USD Million), 2022-2027
22.    Middle East and Africa Electronic Load Historical Market: Breakup by Country (USD Million), 2017-2021
23.    Middle East and Africa Electronic Load Market Forecast: Breakup by Country (USD Million), 2022-2027
24.    Global Electronic Load Market Structure

Key Questions Answered in the Report

In 2021, the global market size attained a value of nearly USD 3.3 billion.

In the forecast period of 2022-2027, the market is estimated to witness a healthy growth to reach USD 4.87 billion by 2027.

The market is estimated to grow at a CAGR of 6.70% between 2022 and 2027.

The major regions in the industry identified by the EMR report are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing focus on the manufacturing of consumer electronics, rapid digitalisation, and emerging power infrastructure in the urban areas. 

The growing research and development activities in the aerospace and defence industry are likely to be the key trends in the market.  

Low (0V–150V), medium (0V–600V), and high (0V–1,200V) are the different segments based on voltage.

Alternating current (AC) and direct current (DC) are the bifurcation of the market based on current.

Standalone, modular, and mainframe are the different types of products. 

Converters, fuel cells, batteries, UPSs, and inverters, among others are the significant applications of the product.

Aerospace, defence, and government services, automotive, wireless communication and infrastructure, and energy, among others are the significant end uses of the product. 

The major players in the industry are Keysight Technologies, Inc., National Instruments Corporation, Chroma ATE Inc., B&K Precision Corporation, Good Will Instrument Co., Ltd., and ITECH ELECTRONIC CO., LTD., among others. 
 

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