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Global Load Bank Market Share, Size, Forecast, Growth: By Current Type: Alternating current (AC), Direct Current (DC); By Type: Stationary, Portable; By Product Type: Resistive Load Bank, Radiator Load Bank, Resistive Reactive Load Bank; By End Use; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Load Bank Market Report

The global load bank market size is expected to grow at a CAGR of 1.90% in the forecast period of 2023-2028. The growth is likely to be driven by the growing needs for emergency power source and rapid industrialisation in the developing countries.

 

Global Load Bank Market Trends

Load banks are electrical test equipment that generates dummy electric load to test the reliability of power sources, such as diesel generators and uninterrupted power supply (UPS). This equipment is essential for ensuring the proper working of emergency power sources and attached equipment.

 

Rising Demand for Electricity

The demand for electricity is increasing with technological advancements and the developing living standards of people. As new electric grids get created, the demand for load banks will rise to ensure the safety of the grids.

 

Growing Automation in Different Industries

Many industries are automating manual processes to manage digital tools and data to increase efficiency. This, in turn, drives the demand for uninterruptable power supply (UPS).

 

Increasing Demand for Load Banks in the Oil and Gas Industry

Oil and gas industries require continuous and high loads of power, and the amount can differ from facility to facility. Following this scenario, the industry is increasing the use of load banks to ensure the proper performance of systems under different circumstances.

 

Opportunities for the Global Load Bank Market

Developing Market in the Asia Pacific Region

With the increasing investments to increase electricity supply, rapid industrialisation, and rising population in the region, the market is presented with positive opportunities for growth. Many major players have already started to invest in the region.

 

Natural Calamities

Countries that are more prone to natural disasters are always investing in emergency power systems. Many companies are providing governments and private companies in the Asia Pacific region with load banks to support the development of power backup systems.

 

Development of New Variants

Industries need to utilise load banks for different purposes for which they may require resistive and reactive load banks. This can increase the maintenance cost for the industries. For this, the leading manufacturer are making resistive reactive load banks to deliver a single unit for multiple purposes.

 

High Cost of Load Bank Testing to be a Major Challenge for the Market

Load bank testing requires specific resources and skilled workers who know about load bank testing procedures. Developing countries do not have the manpower and resources associated with the testing procedure.

 

Global Load Bank Market Analysis

Based on the current type, the market can be segmented into alternating current (AC) and direct current (DC). Based on the type, it can be bifurcated into stationary and portable. Based on product type, the market segments include resistive load bank, radiator load bank, and resistive reactive load bank. Based on end-use, the market division includes oil and gas, power generation, government, healthcare, and manufacturing, among others. The regional markets can be divided into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

 

The extensive E.M.R. report provides an in-depth evaluation of the market based on Porter's five forces model and a SWOT analysis

 

The load bank market report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • ASCO Power Technologies, L.P.
  • Simplex, Inc.
  • Dekal Load Banks
  • Trystar
  • Cressall Resistors Ltd
  • Aktif Group
  • MegaResistors Corporation
  • M.S. Resistances
  • Others

 

Global Load Bank Market Share by Current Type 

Based on the current type, the market is segmented into alternating current (AC) and direct current (DC). The alternating current load banks are used to receive a certain amount of power from a source in an electrical system to test the reliability of the system. The direct current load banks allow the testing of electrical systems, generators, and uninterrupted power supply units by generating electric load for the electrical systems.

 

Global Load Bank Market Share by Product Type

Based on product type, the market segments include resistive load bank, radiator load bank, and resistive reactive load bank.  Among these product types, resistive load banks are the most used load banks and hold the largest market share. The resistive load banks allow testing of the prime mover and generator with equal loading.

 

The resistive reactive load bank is closely following the resistive load bank segment in terms of market shares as it combines both resistive and reactive technologies in one load bank unit. Resistive reactive load banks are used to test emergency power sources with the load bank acting as both a motor load and electromagnetic device. They are also used to test power sources with resistive loads of lagging or leading power factors.

 

Competitive Landscape

ASCO Power Technologies, L.P. is an electrical equipment manufacturing company based in the United States. This company was founded in 1888 and acquired by Schneider Electric in October 2017. Their equipment are utilized in different sectors, such as healthcare facilities, industrial facilities, data centres, commercial buildings, and communication networks.

 

Simplex, Inc. is an appliances and electronics manufacturing company with a focus on designing load banks and fuel supply systems for the emergency power generation industry. Their products and services are utilised worldwide in different fields, such as manufacturing, hospitals, schools, transportation, public utilities, and the United States Military.It is a Japan-based company established in September 1997.


Trystar is a United States based electric company, founded in 1992. The company provides portable and industrial power solutions and manufactures generator docking stations, cables, and load banks, among other products.

 

Other key players in the market include Dekal Load Banks, Cressall Resistors Ltd, Aktif Group, MegaResistors Corporation, and M.S. Resistances, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Current Type
  • Type
  • Product Type
  • End Use
  • Region
Breakup by Current Type
  • Alternating current (AC)
  • Direct Current (DC)
Breakup by Type
  • Stationary
  • Portable
Breakup by Product Type
  • Resistive Load Bank
  • Radiator Load Bank
  • Resistive Reactive Load Bank
Breakup by End Use
  • Oil and Gas
  • Power Generation
  • Government
  • Healthcare
  • Manufacturing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ASCO Power Technologies, L.P.
  • Simplex, Inc.
  • Dekal Load Banks
  • Trystar
  • Cressall Resistors Ltd
  • Aktif Group
  • MegaResistors Corporation
  • M.S. Resistances
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Load Bank Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Load Bank Historical Market (2018-2022) 
    8.3    Global Load Bank Market Forecast (2023-2028)
    8.4    Global Load Bank Market by Current Type
        8.4.1    Alternating current (AC)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Direct Current (DC)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Load Bank Market by Type
        8.5.1    Stationary
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Portable
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Load Bank Market by Product Type
        8.6.1    Resistive Load Bank
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Radiator Load Bank
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Resistive Reactive Load Bank
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
    8.7    Global Load Bank Market by End Use
        8.7.1    Oil and Gas
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Power Generation
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Government
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Healthcare
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Manufacturing
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Others
    8.8    Global Load Bank Market by Region
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028)
9    North America Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    ASCO Power Technologies, L.P.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Simplex, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Dekal Load Banks
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Trystar
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Cressall Resistors Ltd
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Aktif Group
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    MegaResistors Corporation
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    M.S. Resistances
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Others
16    Key Trends and Developments in the Market


List of Figures and Tables

1.    Global Load Bank Market: Key Industry Highlights, 2018 and 2028
2.    Global Load Bank Historical Market: Breakup by Current Type (USD Million), 2018-2022
3.    Global Load Bank Market Forecast: Breakup by Current Type (USD Million), 2023-2028
4.    Global Load Bank Historical Market: Breakup by Type (USD Million), 2018-2022
5.    Global Load Bank Market Forecast: Breakup by Type (USD Million), 2023-2028
6.    Global Load Bank Historical Market: Breakup by Product Type (USD Million), 2018-2022
7.    Global Load Bank Market Forecast: Breakup by Product Type (USD Million), 2023-2028
8.    Global Load Bank Historical Market: Breakup by End Use (USD Million), 2018-2022
9.    Global Load Bank Market Forecast: Breakup by End Use (USD Million), 2023-2028
10.    Global Load Bank Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Load Bank Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Load Bank Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Load Bank Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Load Bank Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Load Bank Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Load Bank Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Load Bank Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Load Bank Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Load Bank Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Load Bank Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Load Bank Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Load Bank Market Structure

Key Questions Answered in the Report

The market for load banks is expected to grow at a CAGR of 1.90% during the period 2023-2028.

The load bank market is driven by the rising automation in different industries and the increasing need for emergency power generation.

The growing industrialisation of the Asia Pacific region and increasing demand for load banks from the oil and gas industry are key trends in the market.

The regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa

The current types for load banks in the market are alternating current (AC) and Direct Current (DC).

The market segments for types of load banks include stationary and portable.

Based on product type, the market segments include resistive load bank, radiator load bank, and resistive reactive load bank.

Oil and gas, power generation, government, healthcare, and manufacturing, among others.

The key players in the market include ASCO Power Technologies, L.P., Simplex, Inc., Dekal Load Banks, Trystar, Cressall Resistors Ltd, Aktif Group, MegaResistors Corporation, and M.S. Resistances, among others.

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