The analysts forecast the global load bank market to grow at a CAGR of 2.96% during the period 2017-2021.
Global Load Bank Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Since the amendment of the Kyoto Protocol in 2012 and the implementation of stringent EU emission standards, governments across countries are working to develop renewable energy sources such as wind, nuclear, and solar energy. These renewable energy sources require alternative electricity transmission systems.
The upsurge in the construction of these energy sources has increased the demand for power system testing equipment like load banks. Offshore wind power and solar power represent two of the most prominent renewable energy sources that may impact the market for capacitors. The overview of the installation and their growth potential are mentioned below.
Load bank testing is a way of validating the reliability and correct operational performance of power systems. It tests various power systems under load conditions. It is a important part of electrical preventative maintenance program. Preventive maintenance is essential in mission-critical industries such as power, defense, data centers, and healthcare.
The rising cost of downtime in such industries is also leading to an increased focus on preventive maintenance. The players in various industries are adopting different preventive maintenance programs in order to ensure reliability of power systems and electrical components.
Other prominent vendors
- Load Banks Direct (LBD)
- Powerohm Resistors
- Mosebach Manufacturing Company
- Power House Manufacturing
- Viking Power Systems
- Hillstone Load Banks
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Market challenges
Part 10: Impact of drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/xvvt3p/global_load_bank