Market Leaders - Electronic Load Market
The global electronic load market size is expected to grow from an estimated revenue of USD 3.0 billion in 2019 to USD 4.0 billion by 2024, at a CAGR of 6.3% during the forecast period. The growth of this market is driven by the increasing demand for testing electronics components that are used in wireless communication and infrastructure for providing reliability in communication.
The global electronic load market is dominated by both global and regional players, such as Keysight Technologies (US), AMETEK (US), National Instrument (US), Chroma ATE (Taiwan), and Teledyne Technologies (US). The major strategies adopted by the players include new product development, investments & expansions, and partnerships. New product development and subsequently, their launch was the most commonly adopted strategy from January 2017 to July 2019.
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Keysight Technologies is an electronic measurement company offering electronic design and test solutions to communications, networking, and electronics industries. It operates through four main business segments, namely, communications solutions group, electronic industrial solutions group, Ixia solutions group, and services solutions group. The electronic industrial solutions group offers electronic load and test and measurement solutions. It specializes in electronic design and test software, instruments, and systems used in the simulation, design, validation, manufacturing, installation, and optimization of electronic equipment. Some of its major end-user industries are automotive, energy, consumer electronics, research & education, general electronics design & manufacturing, and semiconductor design & manufacturing. It has manufacturing facilities in California and Colorado in the US, Malaysia, China, Germany, and Japan. In 2018, this business segment generated a net revenue of USD 965 million, which accounted for 24.9% of the company’s total net revenue. Keysight Technologies offers low-voltage electronic load, which find their application in power converter and inverter testing, Uninterruptible Power Supply (UPS), batteries & fuel cells, solar panels, and portable devices. Keysight Technologies has a presence in North America, Asia Pacific, and Europe. The company’s Research & Development (R&D) expenses increased by 22% in 2018 from 2017. It has an extensive sales channel that uses direct sales force, distributors, resellers, and manufacturer’s representatives.
AMETEK is a global manufacturer of electronic instruments and electromechanical devices. The company has two operating business segments, namely, electronic instruments and electromechanical devices. It offers electronic load through its electronic instruments business segment, which accounted for 62.5% of AMETEK’s total net sales in 2018. The company offers electronic load through its subsidiary AMETEK Programmable Power. The electronic instruments business segment designs and manufactures advanced analytical, test, and measurement instrumentation for the energy, aerospace, power, research, medical, and industrial markets. Its product portfolio includes power quality monitoring and metering, UPS, programmable power equipment, electromagnetic compatibility (EMC) test equipment, sensors for gas turbines, dashboard instruments for heavy trucks & other vehicles, and instrumentation & controls for the food & beverage industry. It offers both AC and DC electronic load, which are available in high- and low-voltage types. The electronic instruments business segment has 93 operating facilities. The Electronic Instruments Group (EIG) shares operating facilities with Electromechanical Group (EMG) in Brazil, China, and Mexico. AMETEK operates across North America, Europe, Asia, and South America. It has manufacturing plants in Brazil, China, the Czech Republic, Malaysia, Mexico, and Serbia. The company invested 4.8% of the total net sales in R&D activities to design and develop new products and solutions.
Related Reports:
Electronic Load Market by Voltage (Low, High), Current Type (AC, DC), Application (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication and Infrastructure, and Others), Region- Global Trends and Forecast to 2024
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