Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Load Bank, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Load Bank. This report contains market size and forecasts of Load Bank in global, including the following market information:
Global Load Bank Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Load Bank Market Sales, 2018-2023, 2024-2029, (Units)
Global top five Load Bank companies in 2022 (%)
The global Load Bank market was valued at US$ 165.2 million in 2022 and is projected to reach US$ 215 million by 2029, at a CAGR of 3.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main global Load Bank players include ASCO Power Technologies (Schneider Electric), Simplex, Northbridge Industrial Services plc (Crestchic), etc. The top three Load Bank players account for approximately 45% of the total global market. Asia-Pacific is the largest consumer market for Load Bank, accounting for about 24%, followed by Europe and America. In terms of type, Resistive/Reactive Load Bank is the largest segment, with a share over 70%. And in terms of application, the largest application is Power Generation, followed by Government/Military.
We surveyed the Load Bank manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Load Bank Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Load Bank Market Segment Percentages, by Type, 2022 (%)
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank
Global Load Bank Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Load Bank Market Segment Percentages, by Application, 2022 (%)
Power Generation
Government/Military
Maritime/Shipyards
Oil, Gas, & Nuclear
Data Centers
Industrial
Others
Global Load Bank Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Load Bank Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Load Bank revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Load Bank revenues share in global market, 2022 (%)
Key companies Load Bank sales in global market, 2018-2023 (Estimated), (Units)
Key companies Load Bank sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ASCO Power Technologies(Schneider Electric)
Simplex
Northbridge Industrial Services plc (Crestchic)
Kaixiang
Tatsumi Ryoki
Mosebach
Sephco
Metal Deploye Resistor
Shenzhen Sikes
Pite Tech
Load Banks Direct
M.S. RESISTANCES
Greenlight Innovation
W?rtsil? JOVYATLAS
Outline of Major Chapters:
Chapter 1: Introduces the definition of Load Bank, market overview.
Chapter 2: Global Load Bank market size in revenue and volume.
Chapter 3: Detailed analysis of Load Bank manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Load Bank in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Load Bank capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
