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.
According to the new market research report “Load Bank Hire and Rental Services - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Load Bank Hire and Rental Services market size is projected to reach USD 0.73 billion by 2029, at a CAGR of 4.6% during the forecast period.
- Global Load Bank Hire and Rental Services MarketSize(US$ Million), 2018-2029
Source: QYResearch, "Load Bank Hire and Rental Services - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Load Bank Hire and Rental Services Top17Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, "Load Bank Hire and Rental Services - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
The global key manufacturers of Load Bank Hire and Rental Services include United Rentals, Sunbelt Rentals, Aggreko, ComRent, Northbridge, Simplex, Rentaload, Kennards Hire, Optimum Power Services, Tatsumi Ryoki, etc.
In 2022, the global top five players had a share approximately 43.0% in terms of revenue.
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