Global Load Bank Resistor Market is estimated to account to US$ 214.48 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2027, to account to US$ 318.57 Mn by 2027.
The global load bank resisitor market is experiencing steady growth in the forecast period. The increasing demand for load test activities for gen-sets, and portability and reliable constructions attract the end-users are owing to the surge the load bank resistor market globally. Due to the 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 is also gaining prominence, thereby, catalyzing the growth of load banks. Oil & gas is one of the prominent industries in the load bank resistor market.
Top Prominent players like: ASCO Power Limited, Cermet Resistor Pvt. Ltd., Cressall Resistor Ltd., Crestchic Limited, Danotherm Electric A/S, Mosebach Manufacturing Company, Sandvik AB, Tutco-Farnam Custom Products, Vishay Intertechnology, Widap AG
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A key trend that will prominently affect the load bank resisitor market in the coming years is the transforming trend of resistive load banks to resistive & reactive load banks in the forecast period. This factor is expected to boost the load bank resisitor market. The resistive load banks have dominated and are continuing to dominate the load testing industry, attributing to several advantages. The significant adoption of resistive load banks is major because, these load banks test the generators at full capacity, thereby, providing the end-users with accurate and precise results.
The rising adoption of reactive load banks is directly proportional to the growth of load bank resistors market in the coming years. The demand for periodic testing activities of these power generators and UPSs are increasing the requirement of load banks, thereby, throttling the growth of load bank resistor market in the current scenario. These factors are expected to enhance the demand of reactive load banks in the load bank resistor market globally. Similarly, referring to the growing number of natural calamities in countries such as Japan, Indonesia, and Vietnam, among others, several load bank companies are offering their products to the respective governments as well as private organizations. This factor is leapfrogging the growth of the revenue size of load bank resistor market in the Asia Pacific region. Thus, APAC region is one the fastest growing region in the load bank resistor market across the world.
The overall load bank resistor market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the load bank resistor market. Also, multiple primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the load bank resistor market.
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TABLE OF CONTENTS
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Load Bank Resistor Market – By Load Bank Type
1.3.2 Global Load Bank Resistor Market – By Application
1.3.3 Global Load Bank Resistor Market – By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Load Bank Resistor Market Landscape
4.1 Market Overview
4.2 Load Bank Resistor Market – PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East & Africa – PEST Analysis
4.2.5 South America- PEST Analysis
4.3 Load Bank Resistor Market – Ecosystem Analysis
5. Load Bank Resistor Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Demand for Load Test Activities for Gen-sets
5.1.2 Portability and Reliable Constructions Attract the End-Users
5.2 Key Market Restraints
5.2.1 Volatility in Raw Material Costs
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This post was originally published on The Picayune Current