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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Cermet Resistronics

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.

Cressall Resistors

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
  • Resistive & Reactive

Based on application, the global load bank resistor market can be divided into:

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

The report on the global load bank resistor market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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