Electronic Load Market to hit USD 40.82 Billion by 2026
Global Electronic Load Market is projected to be valued at USD 40.82 Billion by 2026, with 17.93%
CAGR during the forecast period, 2020–2026. Electronic load devices are devices that consume
electrical energy in the form of current and converts it into heat and light.
Global Electronic Load Market has been segmented into five regions, namely, Asia-Pacific, the Middle
East & Africa, Europe, North America, and South America. North America is expected to hold the
largest share of the electronic load market during the forecast period. The demand for electronic load
devices in this region is growing primarily due to aerospace, defence, government services, and
automotive applications. Device manufacturers use electronic loads to test various power devices in
the US, making it one of the potential markets for electronic loads. In Asia-Pacific, China held the
largest market share in 2019 due to extensive government support and increasing investment in the
power industry. In Europe, Germany held the largest market share in 2018 and is expected to grow at
the fastest rate during the forecast period, primarily due to the increase in spending in the aerospace
& defence industry. In the Middle East & Africa, the UAE is expected to be one of the leading markets
for electronic load devices.
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The global electronic load market has been segmented based on voltage, application, and current
type. Based on voltage, the global market is divided into low and high. The low voltage segment is
expected to hold the larger share of the global market and grow at the faster rate during the study
period. Based on application, the global market is segmented into aerospace, defence, and
government services, automotive, energy, wireless communication and infrastructure, and others.
The automotive segment is projected to grow at the fastest rate during the forecast period