Global Load Bank Market Insights and Forecast to 2027

Load banks are devices designed to provide electrical loads for testing power sources such as generators and Uninterruptible Power Supplies (UPS). Load banks are also used to reduce "wet stacking" problems in diesel engines of backup generating systems. They are used in a variety of ways including factory testing of generator sets, periodic exercising of standby engine generator sets, battery system testing, ground power testing, load optimization in prime power applications, and factory testing of turbines. The load bank include resistive load bank, inductive load bank, capacitive load bank and manufacturers can provide the resistive/inductive load bank or resistive/inductive/capacitive load bank according to the Client's request.
The industry concentration is relatively high, with Top 3 companies occupying 52.13% of the global market share. Of the major players of Load Bank, ASCO Power Technologies (Schneider Electric) maintained its first place in the ranking in 2019, with its revenue share at 34.68%, followed by Simplex (11.39%) and Northbridge Industrial Services (Crestchic) (6.06%).
Asia-Pacific, North America and Europe are the main consumption market, accounting for 30.97%, 29.63% and 27.94% of the global sales share in terms of volume in 2019, respectively.

On the basis of product

type, the Resistive/Reactive Load Bank segment accounted for the largest share. This segment accounted for 69.97% of the global revenue share in 2019.
Power Generation, Government/Military, Maritime/Shipyards, Oil, Gas & Nuclear, Data Centers and Industrial have major demands for Load Banks. Power Generation occupies the largest market share, accounting for 31.31% of global sales in 2019.

Market Analysis and Insights: Global Load Bank Market
The global Load Bank market is valued at US$ 168.7 million in 2019. The market size will reach US$ 195.1 million by the end of 2026, growing at a CAGR of 4.4% during 2021-2026.

Global Load Bank Scope and Segment
Load Bank market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Load Bank market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2016-2027.

Segment by Type
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank

Segment by Application
Power Generation
Government/Military
Maritime/Shipyard
Oil, Gas & Nuclear
Data Center
Industrial
Others

By Company
ASCO Power Technologies (Schneider Electric)
Simplex
Northbridge Industrial Services plc (Crestchic)
Kaixiang
Tatsumi Ryoki
Mosebach
Sephco
Metal Deploye Resistor
Shenzhen Sikes
Pite Tech
Hillstone
Load Banks Direct
M.S. RESISTANCES
Greenlight Innovation
Wärtsilä JOVYATLAS

Production by Region
North America
Europe
China
Japan
Australia

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E