Load Bank Resistor Market Comprehensive Analysis and Future Estimations with Top Key Players: ASCO Power Limited, Crestchic Limited, Sandvik AB, Widap AG

The global load bank resistor market is estimated to account US$ 214.48 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2027, to account to US$ 318.57 Bn by 2027.

The resistive load banks have dominated and are continuing to dominate the load testing industry, attributing to several advantages. The significant adoption of resistive load banks is major because, these load banks test the generators at full capacity, thereby, providing the end-users with accurate and precise results. However, various industries require resistive load banks as well as reactive load banks for different purposes. This factor results in increased maintenance cost. Attributing to this, the preference of choosing load banks among these industries is shifting from two separate load banks to a single unit.

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North America holds the second highest market share in the load bank resistor market. The primary reason for the growth of load bank resistor market is the The US government spends significant amounts in its electricity department to continuously provide the US population with the required electricity. For instance, in 2018, the country generated 4,178 billion kWh of electricity, out of which, fossil fuels such as natural gas, coal, petroleum (liquids and coke), and other gases held 63%, nuclear power plants held 20%, and 17% of electricity was generated from renewable sources. The country invests decent amounts in procuring temporary power generating solutions to provide electricity in case of natural disaster or emergency power need. Similarly, Canada, on the other hand, also require temporary power solutions during emergencies such as natural disasters or sudden electricity outage in oil & gas producing areas. Canada houses several onshore and offshore oil & gas fields, which demands continuous power generation. For instance, in 2019, ASCO launched Sigma LT Control System for 5000 Series Load Banks. The Sigma LT digital control system can now be utilized for offering advanced control and data logging for ASCO’s Model 5505, 5605, and 5905 load banks. Furthermore, in 2015, Mosebach Manufacturing company displayed its wide range of load banks at Power Gen International in Las Vegas. These market initiatives and strategic expansions are expected to continue during the forecast period, contributing to the high growth of load bank resistor market in the region.

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- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Load Bank Resistor market
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- The key findings and recommendations highlight crucial progressive industry trends in the Load Bank Resistor Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals

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Load Bank Resistor Market Key Players:
• ASCO Power Limited
• Cermet Resistor Pvt. Ltd.
• Cressall Resistor Ltd.
• Crestchic Limited
• Danotherm Electric A/S
• Mosebach Manufacturing Company
• Sandvik AB
• Tutco-Farnam Custom Products
• Vishay Intertechnology, Inc.
• Widap AG

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