Market Overview:
The global reactive load bank 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 reactive load banks from various end-use industries, such as power generation, government/military, maritime/shipyards, oil & gas and nuclear sectors, data centers and industrial sector. Additionally, the growing demand for energy-efficient equipment is also fueling the growth of this market. However, volatility in prices of raw materials used in manufacturing reactive load banks may restrain the growth of this market to some extent during the forecast period. On basis of type, portable reactive load banks are expected to account for a major share of global reactive load bank market during forecast period owing to their easy installation and transportation facilities across different locations.
Product Definition:
A reactive load bank is a device used to simulate a real load on an electrical circuit. The importance of reactive load banks is that they allow for the testing of equipment under realistic loading conditions.
Portable:
Portable is a device that can be transported from one place to another without being disassembled or put together. It has certain advantages over fixed devices such as it's usage of less space, flexibility in terms of location and application, and the ability to produce more power when needed. The portable nature also allows for ease in production by allowing easy access to all equipment/devices involved during its' assembly/manufacturing process.
Trailer Mounted:
Trailer mounted is a device that is used to store and restrain the reactive load during transportation. It helps in preventing damage or breakage of loads due to shifting, vibration, or shock. The trailer-mounted system can be either manual or automatic based on the requirement of the load being carried.
Application Insights:
The power generation segment dominated the global market in terms of revenue in 2017. The growth can be attributed to an increase in demand for electricity from various end-use industries. Power generation is one of the major applications where reactive load banks are used as they offer high efficiency, high reliability, and enhanced safety at a lower cost than other alternatives such as transformers or switchgear.
Reactive load banks are widely used across all sectors including government & military, oil & gas and data centers owing to their ability to provide increased power density with improved voltage stability over conventional transformers without additional equipment or installation costs.
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 generation in emerging economies, such as China and India. In addition, rising government initiatives for infrastructure development are likely to boost industry expansion in this region. For instance, according to a white paper released by The Japan Bank of International Cooperation (JBIC), the bank has provided USD X billion funding for renewable energy projects across India and Bangladesh during 2016-2017 fiscal year.
North America accounted for a significant revenue share in 2017 owing to early adoption of Reactive Load Banks across various industries including data centers, healthcare & life sciences sector, government/military sector among others). Moreover; growing penetration of smart grid technology is further anticipated to drive regional growth over the forecast period (2018 - 2030).
Growth Factors:
- Increasing demand for reactive power from the industrial sector
- Rapid growth in data center and telecommunication sectors
- Rising concerns over grid security and resilience
- Proliferation of renewable energy sources
- Growing popularity of microgrids
Scope Of The Report
Report Attributes
Report Details
Report Title
Reactive Load Bank Market Research Report
By Type
Portable, Trailer Mounted, Stationary
By Application
Power Generation, Government/Military, Maritime/Shipyards, Oil, Gas, & Nuclear, Data Centers, Industrial, Others
By Companies
Emerson (Vertiv), Simplex, Tatsumi Ryoki, Kaixiang, Northbridge, Jovyatlas, Load Banks Direct, Sephco Industries, Metal Deploye Resistor, Mosebach, Emerson (Vertiv), Powerohm (Hubbell), Shenzhen Sikes, Pite Tech, Greenlight Innovation, MS Resistances, Thomson, Eagle Eye
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
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Reactive Load Bank Market Report Segments:
The global Reactive Load Bank market is segmented on the basis of:
Types
Portable, Trailer Mounted, Stationary
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 Generation, Government/Military, Maritime/Shipyards, Oil, Gas, & 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:
- Emerson (Vertiv)
- Simplex
- Tatsumi Ryoki
- Kaixiang
- Northbridge
- Jovyatlas
- Load Banks Direct
- Sephco Industries
- Metal Deploye Resistor
- Mosebach
- Emerson (Vertiv)
- Powerohm (Hubbell)
- Shenzhen Sikes
- Pite Tech
- Greenlight Innovation
- MS Resistances
- Thomson
- Eagle Eye
Highlights of The Reactive Load Bank 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:
- Portable
- Trailer Mounted
- Stationary
- By Application:
- Power Generation
- Government/Military
- Maritime/Shipyards
- Oil, Gas, & 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 Reactive Load Bank 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A reactive load bank is a device that helps to simulate the effects of heavy loads on a structure. It does this by using an electric motor to create vibrations that are felt by the structure. This allows engineers to test how well a structure will hold up under different conditions before actually building it.
Some of the key players operating in the reactive load bank market are Emerson (Vertiv), Simplex, Tatsumi Ryoki, Kaixiang, Northbridge, Jovyatlas, Load Banks Direct, Sephco Industries, Metal Deploye Resistor, Mosebach, Emerson (Vertiv), Powerohm (Hubbell), Shenzhen Sikes, Pite Tech, Greenlight Innovation, MS Resistances, Thomson, Eagle Eye.
The reactive load bank 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 Reactive Load Bank 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 Reactive Load Bank Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reactive Load Bank 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 Reactive Load Bank 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 Reactive Load Bank Market Size & Forecast, 2018-2028
4.5.1 Reactive Load Bank Market Size and Y-o-Y Growth
4.5.2 Reactive Load Bank Market Absolute $ Opportunity
Chapter 5 Global Reactive Load Bank 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 Reactive Load Bank Market Size Forecast by Type
5.2.1 Portable
5.2.2 Trailer Mounted
5.2.3 Stationary
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reactive Load Bank 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 Reactive Load Bank Market Size Forecast by Applications
6.2.1 Power Generation
6.2.2 Government/Military
6.2.3 Maritime/Shipyards
6.2.4 Oil
6.2.5 Gas
6.2.6 & Nuclear
6.2.7 Data Centers
6.2.8 Industrial
6.2.9 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reactive Load Bank 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 Reactive Load Bank 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 Reactive Load Bank Analysis and Forecast
9.1 Introduction
9.2 North America Reactive Load Bank 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 Reactive Load Bank Market Size Forecast by Type
9.6.1 Portable
9.6.2 Trailer Mounted
9.6.3 Stationary
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 Reactive Load Bank Market Size Forecast by Applications
9.10.1 Power Generation
9.10.2 Government/Military
9.10.3 Maritime/Shipyards
9.10.4 Oil
9.10.5 Gas
9.10.6 & Nuclear
9.10.7 Data Centers
9.10.8 Industrial
9.10.9 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 Reactive Load Bank Analysis and Forecast
10.1 Introduction
10.2 Europe Reactive Load Bank 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 Reactive Load Bank Market Size Forecast by Type
10.6.1 Portable
10.6.2 Trailer Mounted
10.6.3 Stationary
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 Reactive Load Bank Market Size Forecast by Applications
10.10.1 Power Generation
10.10.2 Government/Military
10.10.3 Maritime/Shipyards
10.10.4 Oil
10.10.5 Gas
10.10.6 & Nuclear
10.10.7 Data Centers
10.10.8 Industrial
10.10.9 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 Reactive Load Bank Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reactive Load Bank 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 Reactive Load Bank Market Size Forecast by Type
11.6.1 Portable
11.6.2 Trailer Mounted
11.6.3 Stationary
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 Reactive Load Bank Market Size Forecast by Applications
11.10.1 Power Generation
11.10.2 Government/Military
11.10.3 Maritime/Shipyards
11.10.4 Oil
11.10.5 Gas
11.10.6 & Nuclear
11.10.7 Data Centers
11.10.8 Industrial
11.10.9 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 Reactive Load Bank Analysis and Forecast
12.1 Introduction
12.2 Latin America Reactive Load Bank 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 Reactive Load Bank Market Size Forecast by Type
12.6.1 Portable
12.6.2 Trailer Mounted
12.6.3 Stationary
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 Reactive Load Bank Market Size Forecast by Applications
12.10.1 Power Generation
12.10.2 Government/Military
12.10.3 Maritime/Shipyards
12.10.4 Oil
12.10.5 Gas
12.10.6 & Nuclear
12.10.7 Data Centers
12.10.8 Industrial
12.10.9 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) Reactive Load Bank Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reactive Load Bank 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) Reactive Load Bank Market Size Forecast by Type
13.6.1 Portable
13.6.2 Trailer Mounted
13.6.3 Stationary
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) Reactive Load Bank Market Size Forecast by Applications
13.10.1 Power Generation
13.10.2 Government/Military
13.10.3 Maritime/Shipyards
13.10.4 Oil
13.10.5 Gas
13.10.6 & Nuclear
13.10.7 Data Centers
13.10.8 Industrial
13.10.9 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 Reactive Load Bank Market: Competitive Dashboard
14.2 Global Reactive Load Bank Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Emerson (Vertiv)
14.3.2 Simplex
14.3.3 Tatsumi Ryoki
14.3.4 Kaixiang
14.3.5 Northbridge
14.3.6 Jovyatlas
14.3.7 Load Banks Direct
14.3.8 Sephco Industries
14.3.9 Metal Deploye Resistor
14.3.10 Mosebach
14.3.11 Emerson (Vertiv)
14.3.12 Powerohm (Hubbell)
14.3.13 Shenzhen Sikes
14.3.14 Pite Tech
14.3.15 Greenlight Innovation
14.3.16 MS Resistances
14.3.17 Thomson
14.3.18 Eagle Eye
