Press release
Global Load Bank Market is projected to reach 200 Million US$ by 2025
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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.
The Load Bank market was valued at 160 Million US$ in 2017 and is projected to reach 200 Million US$ by 2025, at a CAGR of 2.9% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Load Bank.
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The following manufacturers are covered in this report:
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
Load Bank Breakdown Data by Type
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank
Load Bank Breakdown Data by Application
Power Generation
Government/Military
Maritime/Shipyards
Oil, Gas, & Nuclear
Data Centers
Industrial
Other
Load Bank Production by Region
United States
Europe
China
Japan
Other Regions
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