Electronic Load Market Size, Share & COVID-19 Impact Analysis
The global electronic load market size was USD 2.93 billion in 2020 and is projected to grow from USD 3.11 billion in 2021 to USD 4.99 billion in 2028 at a CAGR of 7.0% in the 2021-2028 period.
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Growing Wireless Communications and Infrastructure to Aid the Market Dynamics
The electronic load market was marked by rising demand driven by renewable energy testing and electric vehicle technologies. There was a shift towards higher power and precision requirements, with a growing emphasis on digital load simulators. Regenerative loads were gaining popularity for their energy-efficient features. Remote monitoring and control via IIoT were being in