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 contains market size and forecasts of Load Bank in global, including the following market information:
Global Load Bank Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Load Bank Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Load Bank companies in 2021 (%)
The global Load Bank market was valued at 165.2 million in 2021 and is projected to reach US$ 215 million by 2028, at a CAGR of 3.8% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Resistive Load Bank Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Load Bank include ASCO Power Technologies(Schneider Electric), Simplex, Northbridge Industrial Services plc (Crestchic), Kaixiang, Tatsumi Ryoki, Mosebach, Sephco, Metal Deploye Resistor and Shenzhen Sikes, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has 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, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Load Bank Market Segment Percentages, by Type, 2021 (%)
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank
Global Load Bank Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Load Bank Market Segment Percentages, by Application, 2021 (%)
Power Generation
Government/Military
Maritime/Shipyards
Oil, Gas, & Nuclear
Data Centers
Industrial
Others
Global Load Bank Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Load Bank Market Segment Percentages, By Region and Country, 2021 (%)
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, 2017-2022 (Estimated), ($ millions)
Key companies Load Bank revenues share in global market, 2021 (%)
Key companies Load Bank sales in global market, 2017-2022 (Estimated), (Units)
Key companies Load Bank sales share in global market, 2021 (%)
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
Wärtsilä JOVYATLAS