Load banks are devices designed to provide electrical loads for testing power sources such as generators and Uninterruptible Power Supplies (UPS). Load banks are also used to reduce "wet stacking" problems in diesel engines of backup generating systems. They are used in a variety of ways including factory testing of generator sets, periodic exercising of standby engine generator sets, battery system testing, ground power testing, load optimization in prime power applications, and factory testing of turbines. The load bank include resistive load bank, inductive load bank, capacitive load bank and manufacturers can provide the resistive/inductive load bank or resistive/inductive/capacitive load bank according to the Client's request.
At present, in the European and American developed countries, the load banks industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in Europe and USA. The European/American based companies, such as Emerson Electric, Northbridge Industrial Services, Simplex, Inc. have more advanced equipment, strong R & D capability, the technical level is in a leading position.
Emerging countries will be more attention to their control of important industries, and therefore will develop related industries to replace existing products. Chinese manufacturers have successfully developed some advanced products, and due to policy the domestic manufacturers will have an optimistic future comparing to the international manufactures.
Currently the global largest external sale manufacturer is: Emerson (Vertiv) their sales revenue market share is over 38%, although recent years a batch of new projects are put into production, in short future, the competition pattern will not change.
With the rapid development of downstream industries, European and American markets still dominate the industry. However, emerging markets such as China will experience faster growth rate.
According to this study, over the next five years the Load Bank market will register a 2.9% CAGR in terms of revenue, the global market size will reach US$ 190 million by 2024, from US$ 160 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Load Bank business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Load Bank market by product type, application, key manufacturers and key regions and countries.
This study considers the Load Bank value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Power Generation
Government/Military
Maritime/Shipyards
Oil, Gas, & Nuclear
Data Centers
Industrial
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Emerson (Vertiv)
Simplex
Tatsumi Ryoki
Kaixiang
Northbridge
Jovyatlas
Sephco Industries
Metal Deploye Resistor
Mosebach
Storage Battery Systems
Powerohm (Hubbell)
Shenzhen Sikes
Pite Tech
Greenlight Innovation
MS Resistances
Thomson
Eagle Eye
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Load Bank consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Load Bank market by identifying its various subsegments.
Focuses on the key global Load Bank manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Load Bank with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Load Bank submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Load Bank . Industry analysis & Market Report on Load Bank is a syndicated market report, published as Global Load Bank Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Load Bank market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.