Market Overview:
The global AC load banks market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for power supply, military, and industrial applications. Additionally, the growing demand for renewable energy sources is also contributing to the growth of this market. The global AC load banks market by type is segmented into under 100V, 100-500V, and above 500V segments. The under 100V segment is projected to grow at a CAGR of 6% from 2018 to 2030 owing to the increasing demand for these products in power supply applications.
Product Definition:
An AC load bank is an electrical device that is used to provide a known loading on an AC power source. The purpose of using a load bank is to test the performance and capacity of the power source, as well as verify the protection devices are functioning properly.
Under 100V:
Under 100V, it's usage and growth factor in AC Load Banks market is expected to witness significant growth over the forecast period. The factors that propel Under 100V, it's usage and growth factor in AC Load Banks market demand include growing urbanization across the globe which leads to an increase in construction activities; rapid industrialization across developing economies such as India & China; rising penetration of electric vehicles (EVs) for transportation purposes; increasing government initiatives towards smart cities development.
100-500V:
The 100-500V segment is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing adoption of electric vehicles and industrial automation worldwide.
100-500V AC power supply is used in several applications including industrial, automotive, medical equipment, electronic devices among others.
Application Insights:
The power supply application segment accounted for the largest revenue share of over 40% in 2017. The growing demand for clean and continuous power supply is expected to drive the product demand in this segment. Over the past few years, load banks have witnessed increased adoption across military bases, industrial sites, data centers and remote locations where electricity is supplied through diesel generators.
Power suppliers use these devices to smooth out short-term fluctuations in electrical loads that may occur due to a change in temperature or voltage as well as human error during start-up or shutdown of a machine. These are also used at airports and seaports where large transformers are not available onsite but instead require an external source from which constant power can be drawn when needed such as during busy travel seasons or special events like New Year¢â‚¬â„¢s Eve fireworks display at sea ports around Asia Pacific region.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for power supply in developing countries, such as China and India. In addition, rising number of manufacturing facilities in this region will drive product demand further. For instance, according to a recent study by IBEF Research Institute Ltd., there were 1,631 industrial plants under construction or expansion projects in China as of 2017 with an investment worth USD X billion till 2020.
North America held a significant share of global market revenue owing to presence of prominent players operating within the region and rapid technological advancements across major end-use industries such as healthcare & life sciences and manufacturing facilities throughout North America are projectededto boost product demand from 2018 To 2030 The U.S.
Growth Factors:
- Increasing demand for energy-efficient technologies
- Rapid growth in data centers and telecommunications sector
- Proliferation of electric vehicles and renewable energy sources
- Stringent government regulations for energy conservation
- Growing awareness about the benefits of using AC load banks
Scope Of The Report
Report Attributes
Report Details
Report Title
AC Load Banks Market Research Report
By Type
Under 100V, 100-500V, Above 500V
By Application
Power Supply, Military, Industrial, Others
By Companies
DEKAL LOAD BANKS, Simplex, Shenzhen Sikes Electric, Crestchic, Aktif, Eagle Eye Power Solutions, CRESSALL RESISTORS, ASCO Power Technologies, Hillstone, Aviation Ground Equipment, Chroma, Coudoint, NH Research
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global AC Load Banks Market Report Segments:
The global AC Load Banks market is segmented on the basis of:
Types
Under 100V, 100-500V, Above 500V
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Supply, Military, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DEKAL LOAD BANKS
- Simplex
- Shenzhen Sikes Electric
- Crestchic
- Aktif
- Eagle Eye Power Solutions
- CRESSALL RESISTORS
- ASCO Power Technologies
- Hillstone
- Aviation Ground Equipment
- Chroma
- Coudoint
- NH Research
Highlights of The AC Load Banks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under 100V
- 100-500V
- Above 500V
- By Application:
- Power Supply
- Military
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the AC Load Banks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
AC load banks are a type of power supply that can be used to produce large amounts of electrical power. They work by using a series of rotating electric motors to create a flow of electricity through the bank. This allows the bank to generate large amounts of power quickly and easily, which is useful for applications like industrial production or data center operations.
Some of the key players operating in the ac load banks market are DEKAL LOAD BANKS, Simplex, Shenzhen Sikes Electric, Crestchic, Aktif, Eagle Eye Power Solutions, CRESSALL RESISTORS, ASCO Power Technologies, Hillstone, Aviation Ground Equipment, Chroma, Coudoint, NH Research.
The ac load banks market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 AC Load Banks Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 AC Load Banks Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 AC Load Banks Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the AC Load Banks Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global AC Load Banks Market Size & Forecast, 2020-2028 4.5.1 AC Load Banks Market Size and Y-o-Y Growth 4.5.2 AC Load Banks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Under 100V
5.2.2 100-500V
5.2.3 Above 500V
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Supply
6.2.2 Military
6.2.3 Industrial
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global AC Load Banks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 AC Load Banks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Under 100V
9.6.2 100-500V
9.6.3 Above 500V
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Supply
9.10.2 Military
9.10.3 Industrial
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Under 100V
10.6.2 100-500V
10.6.3 Above 500V
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Supply
10.10.2 Military
10.10.3 Industrial
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Under 100V
11.6.2 100-500V
11.6.3 Above 500V
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Supply
11.10.2 Military
11.10.3 Industrial
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Under 100V
12.6.2 100-500V
12.6.3 Above 500V
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Supply
12.10.2 Military
12.10.3 Industrial
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Under 100V
13.6.2 100-500V
13.6.3 Above 500V
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Supply
13.10.2 Military
13.10.3 Industrial
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 AC Load Banks Market: Competitive Dashboard
14.2 Global AC Load Banks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DEKAL LOAD BANKS
14.3.2 Simplex
14.3.3 Shenzhen Sikes Electric
14.3.4 Crestchic
14.3.5 Aktif
14.3.6 Eagle Eye Power Solutions
14.3.7 CRESSALL RESISTORS
14.3.8 ASCO Power Technologies
14.3.9 Hillstone
14.3.10 Aviation Ground Equipment
14.3.11 Chroma
14.3.12 Coudoint
14.3.13 NH Research