1 / 13

Load Bank Resistor Market: Latest Trends, Demand and Advancement 2019 to 2027

The primary reason for the growth of load bank resistor market is the The US government spends significant amounts in its electricity department to continuously provide the US population with the required electricity. For instance, in 2018, the country generated 4,178 billion kWh of electricity, out of which, fossil fuels such as natural gas, coal, petroleum (liquids and coke), and other gases held 63%, nuclear power plants held 20%, and 17% of electricity was generated from renewable sources.

Jitendra_More
Download Presentation

Load Bank Resistor Market: Latest Trends, Demand and Advancement 2019 to 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Load Bank Resistor Market Load Bank Resistor Market to 2027 - Global Analysis and Forecasts by Load Bank Type (Resistive, Reactive, and Resistive & Reactive) and Application (Battery System, Generator, Uninterruptible Power Supplies (UPS), Turbines, and Others)

  2. Load Bank Resistor Market Current and future MarketScenario • The global load bank resistor market is estimated to account US$ 214.5 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2027, to account to US$ 318.6 Mn by 2027. • The global power generation industry is growing flamboyantly in recent years. The demand for power generation is constantly upsurging attributing to the increase in industrialization and urbanization. • The rising economic conditions in different regions across the globe has resulted in movement from rural areas to urban areas, which has increased in the real estate sector. The growing number of residential sectors and commercial sectors (hospitals, banks, shopping malls, airports, and railway stations) is increasing the demand for electrical power supply. • Additionally, the industrial sector is also growing with the increase in demand for several commodities. The industrial sector is one of the prominent end-users of electrical power. Pertaining to the rise in industrial facilities across the globe, the need for electricity is growing.

  3. Load Bank Resistor Market Factors Contributing to MarketGrowth • Load banks offer tremendous advantages to end-users businesses. Regular maintenance and testing of standby gen-sets such as annual load bank testing are highly recommended as these gen-set play a critical role in the seamless continuity of business. • Testing of power equipment and turbines with load banks enhances the reliability of the power systems, reduces maintenance costs, improves engine efficiency, prevent oil deterioration, lessens smoke exhaust, and finally increases the lifespan of the equipment. With the increase in orders and purchase of load banks, the load bank manufacturers are increasingly procuring load bank resistors, which is catalyzing the revenue growth of load bank resistor market. • The increasing investment towards development of load bank resistor market is intended towards supplying of consistent power supply to different industries. For instance, in 2019, ASCO launched Sigma LT Control System for 5000 Series Load Banks. The Sigma LT digital control system can now be utilized for offering advanced control and data logging for ASCO’s Model 5505, 5605, and 5905 load banks.

  4. Key Findings • Similarly, in the same year, Danotherm’s sister company ATE Electronics introduced next power level thick film resistor PR800. This new resistor has 30% higher power capability when compared with the latest PR600 with the same footprint of 57(65) x 60mm. These resistors are mainly used in many low and medium voltage filter applications. • Some of the factors propelling the market for load bank resistor include the increasing demand for load test activities for gen-sets, portability and reliability are the key attractions to the end-users. However, volatility in raw material cost is a key restraint that is hampering the growth of the load bank resistor market. Nonetheless, quest for renewable energy is anticipated to be opportunistic for the load bank resistor market. • The market players present in load bank resistor market are mainly focusing on the product enhancements by implementation of advanced technologies. The large firms are adopting the strategy of contracts and acquisitions with the various companies for enhancing its capabilities and expanding its footprint in various geographies. These type of strategies allow the companies in strengthening their footprint in the market. • Get sample PDF copy @ https://www.theinsightpartners.com/sample/TIPRE00006326/

  5. Load Bank Resistor Market MarketSegments Load Bank Type (Resistive, Reactive, and Resistive & Reactive) Application Battery System, Generator, Uninterruptible Power Supplies (UPS), Turbines Geography (North America, Europe, Asia Pacific (APAC) Middle EAST & Africa (MEA) South America)

  6. Load Bank Resistor Market DominatingSegments • The load bank resistor market by type is segmented into resistive, reactive, and resistive and reactive. The increasing number of data centers across the globe is leading to rising in the adoption of UPS and additional power generators. • Thus, the rising trend of installation of backup power generation system leads to the adoption of load banks. Pertaining to the fact that resistive load banks offer substantial benefits, the growing trend of data centers is foreseen to create lucrative opportunities in the market. These factors resulted in the steady growth of load bank resistor market. • Investments in the development of data centers in developed countries as well as developing countries are anticipated to soar in the coming years. This factor is foreseen to result in an increase in the procurement of battery systems, which needs to be monitored for smooth functioning under different conditions. Accentuating demand for battery system testing is expected to drive the load bank industry, thereby, catalyzing the market size of load bank resistor market. Thus, these factors are driving the adoptions of these load bak resistor across various applications.

  7. DominatingSegments • Load Bank Resistor Market Insights • Increasing Demand for Load Test Activities for Gen-sets • The global electricity generation industry is observing a constant rise in terms of electricity generated and revenue earned out of generation. The continuous growth in industrialization is leading to an increase in the number of industrial infrastructures, resulting in demand for increased power generation and power distribution.  • The quantity of power required to run an industrial facility varies from one facility to another. Pertaining to this, several industrial facilities are increasingly inclining towards the utilization of load banks, to gather information related to the system performance and load capacity under different conditions. • Oil & gas is one of the prominent industries in the load bank resistor market. The oil & gas companies deploy gen-sets to ensure a continuous supply of electrical power to their offshore and onshore facilities. In case of any power disruptions at the offshore facility, the companies incur a huge loss.

  8. Dominating Segments •  Transforming Trend of Resistive Load Banks to Resistive & Reactive Load Banks • 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. • However, various industries require resistive load banks as well as reactive load banks for different purposes. This factor results in increased maintenance cost. Attributing to this, the preference of choosing load banks among these industries is shifting from two separate load banks to a single unit. • The Sigma LT digital control system can now be utilized for offering advanced control and data logging for ASCO’s Model 5505, 5605, and 5905 load banks. Furthermore, in 2015, Mosebach Manufacturing company displayed its wide range of load banks at Power Gen International in Las Vegas. These market initiatives and strategic expansions are expected to continue during the forecast period, contributing to the high growth of load bank resistor market in the region.

  9. Load Bank Resistor Market LeadingPlayers • Global Load Bank Resistor Market - Company Profiles • ASCO Power Technologies • Cermet Resistronics Private Limited • Danotherm Electric Aands • Mosebach Manufacturing Company • Megaresistors • Cressall • Sandvik AB • TutcoFarnam • Vishay Intertechnology Inc. • Widap AG

  10. REGIONAL FRAMEWORK REGIONAL FRAMEWORK

  11. MARKET SEGMENTATION Exhibit: MARKET SEGMENTATION

  12. Load Bank Resistor Market

  13. Load Bank Resistor Market Access Full Research Report at: https://www.theinsightpartners.com/reports/load-bank-resistors-market Thank You! Thank You!

More Related