Load Bank Resistor Market: Introduction

  • Load bank resistors 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 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.

Rise in Demand for Load Bank Resistors in Oil & Gas Industry

  • Increase in demand for load test activities for generator sets are attracting end-users, owing to a surge in demand for load bank resistors globally.
  • Several load bank manufacturers have designed and introduced hand portable load banks due to rising investments, which have attracted a significant number of end-users.
  • A fair percentage of end-users prefer renting these load banks; demand for hand-portable load banks is rising. Several other wheeled load banks are also available in the load bank resistor market, which are also gaining prominence, thereby, augmenting the growth of the load bank resistor market.
  • 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. 
  • Rise in adoption of load banks is directly proportional to the procurement of load bank resistors from a manufacturing point of view, and this factor is a crucial driver of the global load bank resistor market.

Asia Pacific to Lead the Global Load Bank Resistor Market

  • In terms of region, the global load bank resistor market can be divided into Asia Pacific, North America, Europe, Middle East & Africa, and South America.
  • Geographically, Asia Pacific holds the dominant share in the load bank resistor market, owing to rapid technological developments, and numerous investments in Asia Pacific countries. 
  • Several countries in the Asia Pacific region face natural calamities that demand emergency power systems. Load banks are among the prominent solutions to assess the emergency power supplies deployed in such critical situations. Portable load banks are the most preferred solution owing to the advantage of their flexibility.
  • North America holds the second highest market share in the load bank resistor market. The primary reason for the growth of the market is because the United States government spends significant amounts on its electricity departments to continuously provide the US population with the required electricity.

Key Players in the Global Load Bank Resistor Market

  • ASCO Power Technologies
  • Cermet Resistronics
  • Mosebach Manufacturing Company
  • Megaresistors
  • Cressall
  • Sandvik AB
  • Tutco Farnam
  • Vishay Intertechnology Inc.
  • Widap AG

Global Load Bank Resistor, Research Scope

Global Load Bank Resistor, by Type

  • Resistive
  • Reactive
  • Resistive & Reactive

Global Load Bank Resistor, by Application

  • Battery System
  • Generator
  • Uninterruptible Power Supplies (UPS)
  • Turbines
  • Others

Global Load Bank Resistor, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

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All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
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  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
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  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Load Bank Resistor Market