Report overview
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. This report studies the Load Bank Hire and Rental Services market.
This report contains market size and forecasts of Load Bank Hire and Rental Services in Global, including the following market information:
Global Load Bank Hire and Rental Services Market Revenue, 2018-2023, 2023-2030, ($ millions)
Global top five companies in 2022 (%)
The global Load Bank Hire and Rental Services market was valued at 525.5 million in 2022 and is projected to reach US$ 714.1 million by 2030, at a CAGR of 4.5% during the forecast period 2023-2030.
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million by 2030.
Resistive/Reactive Load Bank Segment to Reach $ Million by 2030, with a % CAGR in next six years.
The global key manufacturers of Load Bank Hire and Rental Services include United Rentals, Sunbelt Rentals, Aggreko, ComRent, Northbridge, Simplex, Rentaload, Kennards Hire and Tatsumi Ryoki, etc. In 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Load Bank Hire and Rental Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Load Bank Hire and Rental Services Market, by Type, 2018-2023, 2023-2030 ($ millions)
Global Load Bank Hire and Rental Services Market Segment Percentages, by Type, 2022 (%)
Resistive/Reactive Load Bank
Reactive Load Bank
Resistive Load Bank
Global Load Bank Hire and Rental Services Market, by Application, 2018-2023, 2023-2030 ($ millions)
Global Load Bank Hire and Rental Services Market Segment Percentages, by Application, 2022 (%)
Power Generation
Government/Military
Maritime/Shipyards
Oil, Gas, & Nuclear
Data Centers
Industrial
Others
Global Load Bank Hire and Rental Services Market, By Region and Country, 2018-2023, 2023-2030 ($ Millions)
Global Load Bank Hire and Rental Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Load Bank Hire and Rental Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Load Bank Hire and Rental Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
United Rentals
Sunbelt Rentals
Aggreko
ComRent
Northbridge
Simplex
Rentaload
Kennards Hire
Tatsumi Ryoki
Optimum Power Services
Energyst
Holt of California
Byrne Equipment Rental
Gregory Poole
Starline Power
Global Power Supply
Load Banks Direct
