Global Load Bank Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Load Bank market:
The latest research study on the global Load Bank market finds that the global Load Bank market reached a value of USD 382.93 million in 2022. It’s expected that the market will achieve USD 407.49 million by 2028, exhibiting a CAGR of 1.04% during the forecast period.

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 includes 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.

Market Opportunities
The growing focus on preventive maintenance will drive the growth prospects for the global load bank market in the next few years. One of the major factors responsible for the growing focus on preventive maintenance is the rising cost of downtime in various mission-critical industries such as power, defense, data centers, and healthcare. Consequently, a multitude of players in these industries are increasingly adopting different preventive maintenance programs to ensure the reliability of power systems and electrical components. It has been observed that electrical equipment can deteriorate under hostile conditions such as overload or severe duty cycle, which can be prevented by one of the most commonly used methods called load bank testing.
A large number of vendors are increasingly focusing on offering value-added products in addition to the introduction of new advanced technologies to expand their geographical reach and product base. One of the major factors responsible for the increasing growth potential of these vendors in the market includes essentiality of testing power critical technology in banking, medical, marine, and defense industries.

Region Overview:
From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:
The top three companies are Emerson (Vertiv), Kaixiang and Jovyatlas with the revenue market share of 29.11%, 12.04% and 10.59% in 2018.

Vertiv brings together hardware, software, analytics and ongoing services to enable continuous and optimal running of vital applications for data centers, communication networks, and commercial and industrial facilities. Its portfolio comprises of power, cooling and IT infrastructure solutions and services, extending from the cloud to the edge of the network.

Hebei Kaixiang Electrical Technology Co., Ltd is a leading manufacturer in emergency power supply test & maintenance industry. Specialized in the design, R&D, manufacture of the high capacity AC & DC load bank, it owns the professional intelligent power supply testing equipment R & D centre in China. Kaixiang offer one-stop solutions to generator set & battery & UPS power manufacturers.

Segmentation Overview:
Among different product types, Resistive Load Bank segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Power Generation segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Load Bank market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Load Bank market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Load Bank and its sub-markets in an intuitive way.

Key Companies in the global Load Bank market covered in Chapter 3:
Emerson (Vertiv)
Kaixiang
Shenzhen Sikes
Eagle Eye
Mosebach
Storage Battery Systems
Northbridge
Tatsumi Ryoki
Greenlight Innovation
Metal Deploye Resistor
Powerohm (Hubbell)
Sephco Industries
Pite Tech
Thomson
MS Resistances
Jovyatlas

In Chapter 4 and Chapter 14.2, on the basis of types, the Load Bank market from 2018 to 2029 is primarily split into:
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Load Bank market from 2018 to 2029 covers:
Power Generation
Government/Military
Maritime/Shipyards
Oil, Gas & Nuclear
Data Centers
Industrial
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Load Bank market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions