The global load bank market is expected to grow at a CAGR of 5.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for load banks in various industries such as power generation, government/military, maritime/shipyards, oil and gas, data centers and industrial applications. The major drivers for this market are the increasing need for uninterrupted power supply in various industries and the growing demand for renewable energy sources.
The global load bank market is segmented on the basis of type into resistive load bank, reactive load bank and resistive/reactive load bank; on the basis of application into power generation, government/military, maritime/shipyards oil & gas industry (including offshore), data centers (including cloud computing) and industrial applications; and on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa (APMEA).
Some Of The Growth Factors Of This Market:
- Load banks are used to provide power for testing and commissioning of electrical equipment, as well as for emergency backup power in the event of a power outage.
- Load banks are also used to provide temporary backup power during construction or maintenance work on the electric grid.
- The load bank market is expected to grow due to increasing demand from industries such as oil and gas, mining, and utilities.
- Increasing demand from emerging economies such as China and India will also drive growth in the load bank market.
- The increasing need for load banks in developing countries will be a key driver of growth.
Industry Growth Insights published a new data on “Load Bank Market”. The research report is titled “Load Bank Market research by Types (Resistive Load Bank, Reactive Load Bank, Resistive/Reactive Load Bank), By Applications (Power Generation, Government/Military, Maritime/Shipyards, Oil, Gas, & Nuclear, Data Centers, Industrial, Other), By Players/Companies Emerson (Vertiv), Simplex, Tatsumi Ryoki, Kaixiang, Northbridge, Jovyatlas, Sephco Industries, Metal Deploye Resistor, Mosebach, Storage Battery Systems, Powerohm (Hubbell), Shenzhen Sikes, Pite Tech, Greenlight Innovation, MS Resistances, Thomson, Eagle Eye”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Load Bank Market Research Report
By Type
Resistive Load Bank, Reactive Load Bank, Resistive/Reactive Load Bank
By Application
Power Generation, Government/Military, Maritime/Shipyards, Oil, Gas, & Nuclear, Data Centers, Industrial, Other
By Companies
Emerson (Vertiv), Simplex, Tatsumi Ryoki, Kaixiang, Northbridge, Jovyatlas, Sephco Industries, Metal Deploye Resistor, Mosebach, Storage Battery Systems, 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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Load Bank Market Report Segments:
The global Load Bank 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 Generation, Government/Military, Maritime/Shipyards, Oil, Gas, & Nuclear, Data Centers, Industrial, Other
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
- Sephco Industries
- Metal Deploye Resistor
- Mosebach
- Storage Battery Systems
- Powerohm (Hubbell)
- Shenzhen Sikes
- Pite Tech
- Greenlight Innovation
- MS Resistances
- Thomson
- Eagle Eye
Highlights of The 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:
- Resistive Load Bank
- Reactive Load Bank
- Resistive/Reactive Load Bank
- By Application:
- Power Generation
- Government/Military
- Maritime/Shipyards
- Oil, Gas, & Nuclear
- Data Centers
- Industrial
- Other
- 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 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?
A load bank is a device used to increase the power output of an electrical system. It consists of a number of banks of batteries or capacitors, each with its own switch. When activated, the switches cause all the batteries or capacitors in one bank to discharge simultaneously, increasing the power output.
Some of the major players in the load bank market are Emerson (Vertiv), Simplex, Tatsumi Ryoki, Kaixiang, Northbridge, Jovyatlas, Sephco Industries, Metal Deploye Resistor, Mosebach, Storage Battery Systems, Powerohm (Hubbell), Shenzhen Sikes, Pite Tech, Greenlight Innovation, MS Resistances, Thomson, Eagle Eye.
The load bank market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Load Bank Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Load Bank Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Load Bank Market - Supply Chain
4.5. Global Load Bank Market Forecast
4.5.1. Load Bank Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Load Bank Market Size (000 Units) and Y-o-Y Growth
4.5.3. Load Bank Market Absolute $ Opportunity
5. Global Load Bank Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Load Bank Market Size and Volume Forecast by Type
5.3.1. Resistive Load Bank
5.3.2. Reactive Load Bank
5.3.3. Resistive/Reactive Load Bank
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Load Bank Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Load Bank Market Size and Volume Forecast by Application
6.3.1. Power Generation
6.3.2. Government/Military
6.3.3. Maritime/Shipyards
6.3.4. Oil, Gas, & Nuclear
6.3.5. Data Centers
6.3.6. Industrial
6.3.7. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Load Bank Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Load Bank Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Load Bank Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Load Bank Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Load Bank Demand Share Forecast, 2019-2026
9. North America Load Bank Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Load Bank Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Load Bank Market Size and Volume Forecast by Application
9.4.1. Power Generation
9.4.2. Government/Military
9.4.3. Maritime/Shipyards
9.4.4. Oil, Gas, & Nuclear
9.4.5. Data Centers
9.4.6. Industrial
9.4.7. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Load Bank Market Size and Volume Forecast by Type
9.7.1. Resistive Load Bank
9.7.2. Reactive Load Bank
9.7.3. Resistive/Reactive Load Bank
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Load Bank Demand Share Forecast, 2019-2026
10. Latin America Load Bank Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Load Bank Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Load Bank Market Size and Volume Forecast by Application
10.4.1. Power Generation
10.4.2. Government/Military
10.4.3. Maritime/Shipyards
10.4.4. Oil, Gas, & Nuclear
10.4.5. Data Centers
10.4.6. Industrial
10.4.7. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Load Bank Market Size and Volume Forecast by Type
10.7.1. Resistive Load Bank
10.7.2. Reactive Load Bank
10.7.3. Resistive/Reactive Load Bank
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Load Bank Demand Share Forecast, 2019-2026
11. Europe Load Bank Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Load Bank Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Load Bank Market Size and Volume Forecast by Application
11.4.1. Power Generation
11.4.2. Government/Military
11.4.3. Maritime/Shipyards
11.4.4. Oil, Gas, & Nuclear
11.4.5. Data Centers
11.4.6. Industrial
11.4.7. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Load Bank Market Size and Volume Forecast by Type
11.7.1. Resistive Load Bank
11.7.2. Reactive Load Bank
11.7.3. Resistive/Reactive Load Bank
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Load Bank Demand Share, 2019-2026
12. Asia Pacific Load Bank Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Load Bank Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Load Bank Market Size and Volume Forecast by Application
12.4.1. Power Generation
12.4.2. Government/Military
12.4.3. Maritime/Shipyards
12.4.4. Oil, Gas, & Nuclear
12.4.5. Data Centers
12.4.6. Industrial
12.4.7. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Load Bank Market Size and Volume Forecast by Type
12.7.1. Resistive Load Bank
12.7.2. Reactive Load Bank
12.7.3. Resistive/Reactive Load Bank
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Load Bank Demand Share, 2019-2026
13. Middle East & Africa Load Bank Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Load Bank Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Load Bank Market Size and Volume Forecast by Application
13.4.1. Power Generation
13.4.2. Government/Military
13.4.3. Maritime/Shipyards
13.4.4. Oil, Gas, & Nuclear
13.4.5. Data Centers
13.4.6. Industrial
13.4.7. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Load Bank Market Size and Volume Forecast by Type
13.7.1. Resistive Load Bank
13.7.2. Reactive Load Bank
13.7.3. Resistive/Reactive Load Bank
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Load Bank Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Load Bank Market: Market Share Analysis
14.2. Load Bank Distributors and Customers
14.3. Load Bank Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson (Vertiv)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Simplex
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tatsumi Ryoki
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Kaixiang
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Northbridge
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jovyatlas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sephco Industries
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Metal Deploye Resistor
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Mosebach
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Storage Battery Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Powerohm (Hubbell)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shenzhen Sikes
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pite Tech
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Greenlight Innovation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MS Resistances
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Thomson
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Eagle Eye
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
