Global Load Bank Market By Voltage (Low (<1 kV), Medium (1-36 kV), High (>36kV)); By Type (Low Resistance, High Resistance); By Site (Indoor (IP00/IP20), Outdoor (IP23/IP55)), By End-Use Industry (Power Generation, Transmission & Distribution, Data Center, Manufacturing, Healthcare, Oil & Gas, Military & Defense, Others): Opportunity Analysis and Industry Forecast, 2016–2026

Date : Apr 2021

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Report ID : 76

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Category : Transmission and Distribution

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Report Format:  PDF EXCEL PPT WORD

Load Bank Market Report Overview

The global load bank market was valued at US$ 284.8 Million in 2020 and expected to reach US$ 386.7 Million by the end of the forecast period, expanding at a CAGR of 5.3% during the forecast period. The high adoption of diesel generators and power backup systems among various industries is one of the prime factors boosting the demand for load banks worldwide.

Load Bank Market

The Asia Pacific is the largest market for load banks and expected to retain market dominance throughout the forecast period as well. The dominance of the region is supported by huge contributions from China and major players operating in the space of the manufacturing industry. The load bank market is highly fragmented as a large number of players offer a wide range of products and services across the globe. There is no dominant shareholder in the global load bank market, who acquires more than 4% of the total revenue.

The research report analyses the ecosystem of the Load Bank market and categorizes the Load Bank Market to forecast the revenues and analyze the trends in each of the following below-mentioned market segments.

  • Market Size by Current Type

    • Alternating Current (AC)
    • Direct Current (DC)
  • Market Size by Type

    • Stationary
    • Portable
  • Market Size by Product Type

    • Resistive Load Bank
    • Radiator Load Bank
    • Resistive Reactive Load Bank
  • Market Size by End-Use Industry

    • Oil & Gas
    • Power Generation
    • Government
    • Healthcare
    • Manufacturing
    • Others (Data Centers & Telecommunication)
  • Market Size by Region

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • Rest of MEA

The Key Players Operating in the Load Bank Market are:

  1. Metal Deploye Resistor
  2. Simpax Sp. z o.o
  3. Cressall Resistors Ltd.
  4. Schneider Electric S.E. 
  5. Hilkar Ltd
  6. Aktif Group
  7. Microelettrica Scientifica SpA 
  8. Littelfuse, Inc.
  9. MegaResistors Corporation
  10. National Resistors
  11. MS Resistances
  12. Kaixiang
  13. Powerohm (Hubbell)
  14. Eagle Eye
  15. Shenzhen Sikes
  16. Storage Battery Systems
  17. Greenlight Innovation
  18. Mosebach
  19. Pite Tech
  20. Ahuja Engineering Services
  21. Emerson (Vertiv)
  22. Thomson
  23. Sephco Industries
  24. Automation electronics India
  25. Air + Mak Industries

By Type, the stationary segment accounted for a larger market share in the year 2020

Based on the type, the stationary segment of the load bank market accounted for a market share of 61.5% in 2020. Generators are often used for emergency purposes and therefore are commonly used in those industries where power emergencies are on high priority. They are crucial in oil & gas, manufacturing, and service-oriented industries such as healthcare, data center, where generators are used onsite for standby purposes. Any type of backup generator (portable or stationary) gives users assurance of availability for a power source to fall back on. However, the failure of generators might cause severe damage to the production or operations of the manufacturer/company.

By Product Type, resistive load bank is estimated to be a larger type market in the Load Bank market in 2020

Based on product type, load banks can be classified into resistive, radiator, and resistive reactive load banks. Resistive type of load bank is commonly used and thus acquired the largest market share in terms of revenue and number of units sold. Resistive load bank provides loading for prime movers as well as generators. The load elements simulate unity power factor loads such as some type of lighting or heating and resist current flow linearly. Resistive load banks convert electrical energy into heat, which must be removed from it.

Competitive Landscape

The key player's operation in the global Load Bank market includes Metal Deploye Resistor, Simpax Sp. z o.o, Cressall Resistors Ltd., Schneider Electric S.E., Hilkar Ltd, Aktif Group, Microelettrica Scientifica SpA, Littelfuse, Inc., MegaResistors Corporation, National Resistors, among others. The market dominance of these companies is characterized by their vast product portfolio of Load Bank, high investment in R&D activities for Load Bank, revenue, capital expenditure, employee strength, and geographical presence of companies.

In-depth analysis of market dynamics such as drivers, restraints opportunities, and challenges:

Drivers:

  • Rapid Growth of Industrialization across Developing Countries
  • Rising Demand and Supply of Electricity is Influencing the Growth of Load Banks

Restraints:

  • Cost Associated with the Load Bank Testing Process

Opportunities:

  • Rising Need for Continuous Power Source & Back-up Power

The report also provides an in-depth analysis of key trends:

Sr. No. Key Trends Impact
1 The rising industrial automation requires a continuous power supply thereby driving the demand for uninterruptible power supplies Positive
2 Increasing efforts made to reduce carbon emissions and to encourage sustainable lifestyle, thereby accelerating the use of renewable energy sources Positive
3 Accelerating demand for lead-acid batteries as most popular standby UPS power source across data centers, offices, and other commercials, industrial, and retail environments Positive
4 Flexible and innovative methods adopted to boost the renewable energy sector as the world is moving towards 100% renewable energy Positive

The report also provides an in-depth analysis of recent News Developments and Investments:

  1. In February 2018, Cressall signed an agreement with RS for the global distribution of its portable load bank and range of resistors. RS operates in 32 countries enabling industrial customers to purchase Cressall’s products.
  2. In October 2017, Schneider Electric S.E acquired ASCO Power Technologies to enhance Schneider Electric’s EcoStruxure Power Platform in key markets and segments. This strategy is anticipated to enhance Group’s Low Voltage business.

The unique insights provided by this report also includes the following:

  1. In-depth value chain analysis
  2. Opportunity mapping
  3. Sector snapshot
  4. Key Players Positioning Matrix
  5. Regulatory scenario
  6. Strategies Adopted-Benchmarking Heat Map
  7. Market trends
  8. Covid-19 impact analysis
  9. Product comparison
  10. Pre & Post COVID 19 impact on Load Bank Market
  11. Business Model
  12. Value Chain Analysis
  13. Competitive Landscape
  14. DROs Mapping

Author Credentials

Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.

Chapter 1. Executive Summary

  • Market Summary
  • Market Snapshot: Global Load Bank Market
    • Regional Snapshot
  • Premium Insights
    • Regulatory Landscape
    • Technology Landscape
    • Price Trend Analysis (US$/Kg), by Region
    • Mega Trends Impacting the Load Bank Market

Chapter 2. Market Dynamics and Outlook

  • Market Dynamics
    • Drivers
      • Rapid Growth of Industrialization across Developing Countries
      • Rising Demand and Supply of Electricity is Influencing the Growth of Load Banks
    • Restraints
      • Cost Associated with the Load Bank Testing Process
    • Future Prospect & Its Impact
      • Rising Need for Continuous Power Source & Back-up Power
  • Porter's Five forces analysis
  • Industry SWOT analysis

Chapter 3. Global Load Bank Market (US$ Mn, Units), by Current Type, 2016 -2026

  • Overview
  • Market Share Analysis by Current Type, 2020 vs. 2026     (Value, %)
    • Alternating Current (AC)
    • Direct Current (DC)

Chapter 4. Global Load Bank Market (US$ Mn, Units), by Type, 2016 -2026

  • Overview
  • Market Share Analysis by Type, 2020 vs. 2026 (Value, %)
    • Stationary
    • Portable

Chapter 5. Global Load Bank Market (US$ Mn, Units), by Product Type, 2016 -2026

  • Overview
  • Market Share Analysis by Product Type, 2020 vs. 2026 (Value, %)
    • Resistive Load Bank
    • Radiator Load Bank
    • Resistive Reactive Load Bank

Chapter 6. Global Load Bank Market (US$ Mn, Units), by End-Use Industry, 2016 -2026

  • Overview
  • Market Share Analysis by End-Use Industry, 2020 vs.        2026 (Value, %)
    • Oil & Gas
    • Power Generation
    • Government
    • Healthcare
    • Manufacturing
    • Others (Data Centers & Telecommunication)

Chapter 7. Global Load Bank Market (US$ Mn, Units), by Geography, 2016 -2026

  • Overview
  • Market Share Analysis by Geography, 2020 vs.    2026 (Value, %)
  • North America
    • North America Load Bank Market Size (Units) (US$ Mn), by Type, 2016 -2026
    • North America Load Bank Market Size (Units) (US$ Mn), by Product Type, 2016 -2026
    • North America Load Bank Market Size (Units) (US$ Mn), by End-Use Industry, 2016 - 2026
    • North America Load Bank Market Size (Units) (US$ Mn), by Country, 2016 -2026 (U.S., Canada)
  • Europe
    • Europe Load Bank Market Size (Units) (US$ Mn), by Type, 2016 -2026
    • Europe Load Bank Market Size (Units) (US$ Mn), by Product Type, 2016 -2026
    • Europe Load Bank Market Size (Units) (US$ Mn), by End-Use Industry, 2016 - 2026
    • Europe Load Bank Market Size (Units) (US$ Mn), by Country, 2016 -2026 (U.K., Germany, France, Rest of            Europe)
  • Asia Pacific
    • Asia Pacific Load Bank Market Size (Units) (US$ Mn), by Type, 2016 -2026
    • Asia Pacific Load Bank Market Size (Units) (US$ Mn), by Product Type, 2016 -2026
    • Asia Pacific Load Bank Market Size (Units) (US$ Mn), by End-Use Industry, 2016 - 2026
    • Asia Pacific  Load Bank Market Size (Units) (US$ Mn), by Country, 2016 -2026 (China, India, Japan, Rest of Asia Pacific)
  • Latin America
    • Latin America Load Bank Market Size (Units) (US$ Mn), by Type, 2016 -2026
    • Latin America Load Bank Market Size (Units) (US$ Mn), by Product Type, 2016 -2026        
    • Latin America Load Bank Market Size (Units) (US$ Mn), by End-Use Industry, 2016 - 2026
    • Latin America Load Bank Market Size (Units) (US$ Mn), by Country, 2016 -2026 (China, India, Japan, Rest of Asia Pacific)

Chapter 8. Competitive Intelligence

  • Market Share of Key Players
  • Market Positioning of Key Players, 2020 

Chapter 9. Company Profiles

  • Metal Deploye Resistor
  • Simpax Sp. z o.o
  • Cressall Resistors Ltd.
  • Schneider Electric S.E. 
  • Hilkar Ltd
  • Aktif Group
  • Microelettrica Scientifica SpA 
  • Littelfuse, Inc.
  • MegaResistors Corporation
  • National Resistors
  • MS Resistances
  • Kaixiang
  • Powerohm (Hubbell)
  • Eagle Eye
  • Shenzhen Sikes
  • Storage Battery Systems
  • Greenlight Innovation
  • Mosebach
  • Pite Tech
  • Ahuja Engineering Services
  • Emerson (Vertiv)
  • Thomson
  • Sephco Industries
  • Automation electronics India
  • Air + Mak Industries

Chapter 10. Research Methodology

  • Data Triangulation
  • Research Methodology
    • Phase I – Secondary Research                    
    • Phase II – Primary Research
    • Phase III – Expert Panel Review
    • Approach Adopted
      • Top-Down Approach
      • Bottom-Up Approach
    • Supply–Demand Side
    • Breakup of the Primary Profiles
Research Methodology

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