Electronic Load Market Research Report Reveals Massive Growth Opportunities In The Industry, 2030
Electronic Load Market Highlights Electronic Load Market size is projected to reach USD 4.91 Billion , with 6.83% CAGR between 2022 and 2030. Electronic load devices are devices that consume electrical energy in the form of current and converts it into heat and light. In 2019, North America dominated the electronic load market in terms of share: MRFR 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