According to Stratistics MRC, the Global Electronic Load Market is accounted for $3.05 billion in 2019 and is expected to reach $5.78 billion by 2027 growing at a CAGR of 8.3% during the forecast period. Some of the factors such as capitalize on the dependability of wireless communication and emphasis on testing of customer electronics & appliances are the major factors propelling market growth. However, the high capital cost of electronic loads is hindering the market growth.
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By geography, North America is going to have a lucrative growth during the forecast period due to the increased investment in R&D across various end-use sectors. Also, the adoption of 5G technology is expected to boost the electronic load market in the region.
Some of the key players profiled in the Electronic Load Market include AMETEK, Inc., B&K Precision Corporation, Chroma ATE, Inc., Good Will Instrument Co. Ltd., Keysight Technologies, Kikusui Electronics Corporation, Matsusada Precision, Inc., National Instruments Corporation, Tektronix, Teledyne Technologies, National Instruments, Rigol Technologies, Magna-Power Electronics, Beich Electronics, and Array Electronics.
Current Types Covered:
• DC (Direct Current)
• AC (Alternate Current)
Voltages Covered:
• Low Voltage (0V–150V)
• Medium Voltage (0V–600V)
• High Voltage (0V–1,200V)
Types Covered:
• Standalone
• Mainframe
• Modular
Applications Covered:
• Converters
• Fuel Cells
• Inverters
• Batteries
• UPSs
• Pumps
• Fans
• Compressors
• Extruders
• Conveyors
• Charging Pile
End Users Covered:
• Wireless Communications & Infrastructure
• Automotive
• Solar, Wind, and Energy
• Aerospace, Defense & Government Services
• Battery Manufacturing
• Power Supply Equipment Manufacturing
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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