Market Overview:
Load banks are devices that are used to create a simulated load on an electrical power system. Load banks come in three types: resistive, reactive, and resistive/reactive. The global load bank hire and rental services market is expected to grow from USD 1.02 billion in 2018 to USD 1.48 billion by 2030, at a CAGR of 5.1% from 2018 to 2030.
Product Definition:
Load bank hire and rental services are used to provide a temporary power supply to an electrical load. Load banks can be used for testing or commissioning of new equipment, emergency power outages, or as a standby generator.
Resistive Load Bank:
Resistive load bank, also called as reactive or passive load bank is a device used to store electrical energy. It works on the basic principle of electromagnetic induction. A resistive element such as a coil of wire inside the battery creates an electromagnetic field around it, and this field induces electricity in the circuit connected to the battery.
Reactive Load Bank:
The reactive load bank is a device that stores electrical energy generated from the current flow and converts it into heat when needed. It is mainly used in industrial applications such as material handling, machine operation, process automation and electric power supply among others. The growing demand for renewable energy sources has led to an increase in investments by various companies across the globe which has further driven the market growth.
Application Insights:
The power plant application segment led the market and accounted for more than 40% of the global revenue share in 2017. The growth can be attributed to an increase in demand for load banks at power plants owing to growing concerns over electrical outages resulting in losses at several businesses and industries.
Power plants are major consumers of electricity, which requires a large number of generators as well as transformers during peak hours. In order to avoid any type of failure or downtime, load banks are used during construction phases or after-sales renovation activities where there is a requirement for testing equipment & machinery operation without causing any damage whatsoever.
Government/military application segment is expected to witness significant growth over the forecast period due largely to increasing government expenditure on military modernization programs across various countries including U.S.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing demand for data centers, IT infrastructure, and power plants in countries such as China and India. Furthermore, government initiatives encouraging investments through FDI are also contributing towards regional growth. For instance, In January 2016; China Energy Group (CEG) announced plans for constructing a coal-fired power plant with an investment of USD X billion in Indonesia.
North America is expected to grow at a significant rate over the forecast period owing to increased focus on developing clean energy sources along with growing need from end-use industries such as healthcare & life sciences & data centers across U.S., Canada, Mexico). Europe has been one of the prominent regions witnessing high demand for load bank rental services due to presence of major technology hubs having high requirement from various end-use sectors including manufacturing facilities/power plants/government offices etc.
Growth Factors:
- Increasing demand for power from data centers and telecom sector
- Rising need for uninterrupted power supply in industrial sectors
- Proliferation of electric vehicles and renewable energy sources
- Stringent government regulations on carbon emissions and energy conservation
- Growing awareness about the benefits of load bank hire and rental services
Scope Of The Report
Report Attributes
Report Details
Report Title
Load Bank Hire and Rental Services Market Research Report
By Type
Resistive Load Bank, Reactive Load Bank, Resistive/Reactive Load Bank
By Application
Power Plant, Government/Military, Maritime/Shipyards, Oil, Gas and Nuclear, Data Centers, Industrial, Others
By Companies
United Rentals, Sunbelt Rentals, Aggreko, ComRent, Northbridge, Optimum Power Services, Kennards Hire, Byrne Equipment Rental, Tatsumi Ryoki, Gregory Poole, Starline Power, Rentaload, Global Power Supply, LLC., Holt of California, Energyst, Load Banks Direct, Simplex, LM Generating Power Company Ltd., Worldwide Power Products, Perennial Technologies Pvt. Ltd., CSME Power Systems, Jovyatlas
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Load Bank Hire and Rental Services Market Report Segments:
The global Load Bank Hire and Rental Services market is segmented on the basis of:
Types
Resistive Load Bank, Reactive Load Bank, Resistive/Reactive Load Bank
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 Plant, Government/Military, Maritime/Shipyards, Oil, Gas and Nuclear, Data Centers, 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:
- United Rentals
- Sunbelt Rentals
- Aggreko
- ComRent
- Northbridge
- Optimum Power Services
- Kennards Hire
- Byrne Equipment Rental
- Tatsumi Ryoki
- Gregory Poole
- Starline Power
- Rentaload
- Global Power Supply, LLC.
- Holt of California
- Energyst
- Load Banks Direct
- Simplex
- LM Generating Power Company Ltd.
- Worldwide Power Products
- Perennial Technologies Pvt. Ltd.
- CSME Power Systems
- Jovyatlas
Highlights of The Load Bank Hire and Rental Services 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:
- Resistive Load Bank
- Reactive Load Bank
- Resistive/Reactive Load Bank
- By Application:
- Power Plant
- Government/Military
- Maritime/Shipyards
- Oil, Gas and Nuclear
- Data Centers
- 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 Load Bank Hire and Rental Services 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.
How you may use our products:
- Correctly Positioning New Products
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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?
Load bank hire and rental services are a great way to increase your business' productivity. A load bank is a machine that helps you move large objects, such as furniture or equipment. You can use it to quickly move heavy items around your workplace, which will save you time and energy.
Some of the major companies in the load bank hire and rental services market are United Rentals, Sunbelt Rentals, Aggreko, ComRent, Northbridge, Optimum Power Services, Kennards Hire, Byrne Equipment Rental, Tatsumi Ryoki, Gregory Poole, Starline Power, Rentaload, Global Power Supply, LLC., Holt of California, Energyst, Load Banks Direct, Simplex, LM Generating Power Company Ltd., Worldwide Power Products, Perennial Technologies Pvt. Ltd., CSME Power Systems, Jovyatlas.
The load bank hire and rental services market is expected to grow at a compound annual growth rate of 5.1%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size & Forecast, 2018-2028
4.5.1 Load Bank Hire and Rental Services Market Size and Y-o-Y Growth
4.5.2 Load Bank Hire and Rental Services Market Absolute $ Opportunity
Chapter 5 Global Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size Forecast by Type
5.2.1 Resistive Load Bank
5.2.2 Reactive Load Bank
5.2.3 Resistive/Reactive Load Bank
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size Forecast by Applications
6.2.1 Power Plant
6.2.2 Government/Military
6.2.3 Maritime/Shipyards
6.2.4 Oil
6.2.5 Gas and Nuclear
6.2.6 Data Centers
6.2.7 Industrial
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Analysis and Forecast
9.1 Introduction
9.2 North America Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size Forecast by Type
9.6.1 Resistive Load Bank
9.6.2 Reactive Load Bank
9.6.3 Resistive/Reactive Load Bank
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 Load Bank Hire and Rental Services Market Size Forecast by Applications
9.10.1 Power Plant
9.10.2 Government/Military
9.10.3 Maritime/Shipyards
9.10.4 Oil
9.10.5 Gas and Nuclear
9.10.6 Data Centers
9.10.7 Industrial
9.10.8 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 Load Bank Hire and Rental Services Analysis and Forecast
10.1 Introduction
10.2 Europe Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size Forecast by Type
10.6.1 Resistive Load Bank
10.6.2 Reactive Load Bank
10.6.3 Resistive/Reactive Load Bank
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 Load Bank Hire and Rental Services Market Size Forecast by Applications
10.10.1 Power Plant
10.10.2 Government/Military
10.10.3 Maritime/Shipyards
10.10.4 Oil
10.10.5 Gas and Nuclear
10.10.6 Data Centers
10.10.7 Industrial
10.10.8 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 Load Bank Hire and Rental Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size Forecast by Type
11.6.1 Resistive Load Bank
11.6.2 Reactive Load Bank
11.6.3 Resistive/Reactive Load Bank
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 Load Bank Hire and Rental Services Market Size Forecast by Applications
11.10.1 Power Plant
11.10.2 Government/Military
11.10.3 Maritime/Shipyards
11.10.4 Oil
11.10.5 Gas and Nuclear
11.10.6 Data Centers
11.10.7 Industrial
11.10.8 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 Load Bank Hire and Rental Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Load Bank Hire and Rental Services 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 Load Bank Hire and Rental Services Market Size Forecast by Type
12.6.1 Resistive Load Bank
12.6.2 Reactive Load Bank
12.6.3 Resistive/Reactive Load Bank
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 Load Bank Hire and Rental Services Market Size Forecast by Applications
12.10.1 Power Plant
12.10.2 Government/Military
12.10.3 Maritime/Shipyards
12.10.4 Oil
12.10.5 Gas and Nuclear
12.10.6 Data Centers
12.10.7 Industrial
12.10.8 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) Load Bank Hire and Rental Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Load Bank Hire and Rental Services 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) Load Bank Hire and Rental Services Market Size Forecast by Type
13.6.1 Resistive Load Bank
13.6.2 Reactive Load Bank
13.6.3 Resistive/Reactive Load Bank
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) Load Bank Hire and Rental Services Market Size Forecast by Applications
13.10.1 Power Plant
13.10.2 Government/Military
13.10.3 Maritime/Shipyards
13.10.4 Oil
13.10.5 Gas and Nuclear
13.10.6 Data Centers
13.10.7 Industrial
13.10.8 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 Load Bank Hire and Rental Services Market: Competitive Dashboard
14.2 Global Load Bank Hire and Rental Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 United Rentals
14.3.2 Sunbelt Rentals
14.3.3 Aggreko
14.3.4 ComRent
14.3.5 Northbridge
14.3.6 Optimum Power Services
14.3.7 Kennards Hire
14.3.8 Byrne Equipment Rental
14.3.9 Tatsumi Ryoki
14.3.10 Gregory Poole
14.3.11 Starline Power
14.3.12 Rentaload
14.3.13 Global Power Supply, LLC.
14.3.14 Holt of California
14.3.15 Energyst
14.3.16 Load Banks Direct
14.3.17 Simplex
14.3.18 LM Generating Power Company Ltd.
14.3.19 Worldwide Power Products
14.3.20 Perennial Technologies Pvt. Ltd.
14.3.21 CSME Power Systems
14.3.22 Jovyatlas
