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 aims to provide a comprehensive presentation of the global market for Load Bank Hire and Rental Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Load Bank Hire and Rental Services. 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, 2024-2030, ($ millions)
Global top five companies in 2022 (%)
The global Load Bank Hire and Rental Services market was valued at US$ 525.5 million in 2022 and is projected to reach US$ 644.8 million by 2029, at a CAGR of 3.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of load bank hire and rental services include United Rentals, Sunbelt Rentals, Aggreko, ComRent, etc. Global top five manufacturers hold a share over 43%. In terms of product, resistive/reactive load bank is the largest segment, with a share over 70%. And in terms of application, the largest application is power generation, with a share over 31%.
We 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, 2024-2030 ($ millions)
Global Load Bank Hire and Rental Services Market Segment Percentages, by Type, 2022 (%)
Resistive Load Bank
Reactive Load Bank
Resistive/Reactive Load Bank
Global Load Bank Hire and Rental Services Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Load Bank Hire and Rental Services Market Segment Percentages, by Application, 2022 (%)
Power Plant
Government/Military
Maritime/Shipyards
Oil, Gas and Nuclear
Data Centers
Industrial
Others
Global Load Bank Hire and Rental Services Market, By Region and Country, 2018-2023, 2024-2030 ($ 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
Optimum Power Services
Kennards Hire
Byrne Equipment Rental
Tatsumi Ryoki
Gregory Poole
Starline Power
Rentaload
Global Power Supply, LLC.
Holt of California
Energyst
Load Banks Direct
Simplex
LM Generating Power Company Ltd.
Worldwide Power Products
Perennial Technologies Pvt. Ltd.
CSME Power Systems
Jovyatlas
Outline of Major Chapters:
Chapter 1: Introduces the definition of Load Bank Hire and Rental Services, market overview.
Chapter 2: Global Load Bank Hire and Rental Services market size in revenue.
Chapter 3: Detailed analysis of Load Bank Hire and Rental Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Load Bank Hire and Rental Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
