Load Bank Resistor Market: Introduction
Load banks are devices, which contain resistive, inductive, and/or capacitive loads. These devices apply the load to an electrical power source and dissipate the power of the electrical source. Unlike the on-site loads, which are randomly variable in terms of many electrical parameters, load banks provide predetermined and controllable load that uses its energy output to test, support, or protect the power source. These powerful heating elements form a network of resistors absorbing load from a generator, battery, or other power sources.
Global Load Bank Resistor Market: Competition Landscape
Schneider Electric SE
Founded in 1836, Schneider Electric SE is located in Rueil-Malmaison, France. Schneider Electric provides energy management and automation solutions, spanning hardware, software, and services. The company develops connected technologies and solutions to manage energy and process. The company’s technology, service, and software solutions improve the way customers automate and manage their business operations.
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Founded in 1995, Cermet Resistronics is headquartered in Shindewadi, Bhor, Pune, Maharashtra. Cermet Resistronics Pvt. Ltd manufactures and exports a wide assortment of electronics and electrical grade resistors. The company manufactures high value resistors, metal glaze resistors, metal film fusible resistors, metal oxide resistors, carbon film resistors, and thick film metal oxide resistors.
Vishay Intertechnology, Inc
Founded in 1962, Vishay Intertechnology, Inc is located in Malvern, Pennsylvania, United States. The company manufacturer’s discrete semiconductors, which perform a single function, such as switching, amplifying, rectifying, or transmitting electrical signals. It also manufactures a wide range of resistive products, which consist of discrete resistors based on film, wire wound, Power Metal Strip®, and other technologies, as well as resistor networks and arrays in which, multiple resistors are combined in a single package.
Founded in 1972, Cressall Resistors is headquartered in Evington Valley Rd, Leicester, the U.K. The company manufactures power resistors. It offers a range of solutions, including neutral earthing, dynamic braking, load banks, harmonic filters, and motor control for use in power generation, high and medium voltage power distribution, marine and offshore electrical systems, and other industrial uses. Cressall Resistors serves customers across the U.K.
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Global Load Bank Resistor Market: Dynamics
Increase in Demand for Hand Portable Load Banks
Increase demand for load test activities for generator sets are attracting end-users, owing to a surge in demand for load bank resistors globally. Due to rising investments, several load bank manufacturers have designed and introduced hand portable load banks, which have attracted a significant number of end-users. A fair percentage of end-users prefer renting these load banks; the demand for hand-portable load banks is mounting. Several other wheeled load banks are also available in the load bank resistor market, which are also gaining prominence, thereby, augmenting the growth of load banks.
Growing Adoption of Load Bank Resistors in Oil & Gas Industry
Oil & gas is a prominent industry in the load bank resistor market. Oil & gas companies deploy generator sets to ensure continuous supply of electrical power to their offshore and onshore facilities. The rise in adoption of load banks is directly proportional to the procurement of load bank resistors from manufacturing point of view, and this factor is a crucial driver for the global load bank resistor market.
Global Load Bank Resistor Market: Segmentation
In terms of load bank type, the global load bank resistor market can be segmented into:
- Resistive & Reactive
Based on application, the global load bank resistor market can be divided into:
- Battery System
- Uninterruptible Power Supplies (UPS)
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