Load Bank Resistor Market is estimated to account US$ 214.5 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2018 – 2027, to account to US$ 318.6 Mn by 2027.
The global power generation industry is growing flamboyantly in recent years. The demand for power generation is constantly upsurging attributing to the increase in industrialization and urbanization. The rising economic conditions in different regions across the globe has resulted in movement from rural areas to urban areas, which has increased in the real estate sector. The growing number of residential sectors and commercial sectors (hospitals, banks, shopping malls, airports, and railway stations) is increasing the demand for electrical power supply. Additionally, the industrial sector is also growing with the increase in demand for several commodities. The industrial sector is one of the prominent end-users of electrical power. Pertaining to the rise in industrial facilities across the globe, the need for electricity is growing.
Top Leading Market Players:
The increasing investment towards development of load bank resistor market is intended towards supplying of consistent power supply to different industries. For instance, in 2019, ASCO launched Sigma LT Control System for 5000 Series Load Banks. The Sigma LT digital control system can now be utilized for offering advanced control and data logging for ASCO’s Model 5505, 5605, and 5905 load banks. Similarly, in the same year, Danotherm’s sister company ATE Electronics introduced next power level thick film resistor PR800. This new resistor has 30% higher power capability when compared with the latest PR600 with the same footprint of 57(65) x 60mm. These resistors are mainly used in many low and medium voltage filter applications.
Some of the factors propelling the market for load bank resistor include the increasing demand for load test activities for gen-sets, portability and reliability are the key attractions to the end-users. However, volatility in raw material cost is a key restraint that is hampering the growth of the load bank resistor market. Nonetheless, quest for renewable energy is anticipated to be opportunistic for the load bank resistor market.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
The global power generation industry is growing flamboyantly in recent years. The demand for power generation is constantly upsurging attributing to the increase in industrialization and urbanization. The rising economic conditions in different regions across the globe has resulted in movement from rural areas to urban areas, which has increased in the real estate sector. The growing number of residential sectors and commercial sectors (hospitals, banks, shopping malls, airports, and railway stations) is increasing the demand for electrical power supply. Additionally, the industrial sector is also growing with the increase in demand for several commodities. The industrial sector is one of the prominent end-users of electrical power. Pertaining to the rise in industrial facilities across the globe, the need for electricity is growing.
Top Leading Market Players:
- ASCO Power Limited
- Cermet Resistor Pvt. Ltd.
- Cressall Resistor Ltd.
- Crestchic Limited
- Danotherm Electric A/S
- Mosebach Manufacturing Company
- Sandvik AB
- Tutco-Farnam Custom Products
- Vishay Intertechnology, Inc.
- Widap AG
The increasing investment towards development of load bank resistor market is intended towards supplying of consistent power supply to different industries. For instance, in 2019, ASCO launched Sigma LT Control System for 5000 Series Load Banks. The Sigma LT digital control system can now be utilized for offering advanced control and data logging for ASCO’s Model 5505, 5605, and 5905 load banks. Similarly, in the same year, Danotherm’s sister company ATE Electronics introduced next power level thick film resistor PR800. This new resistor has 30% higher power capability when compared with the latest PR600 with the same footprint of 57(65) x 60mm. These resistors are mainly used in many low and medium voltage filter applications.
Some of the factors propelling the market for load bank resistor include the increasing demand for load test activities for gen-sets, portability and reliability are the key attractions to the end-users. However, volatility in raw material cost is a key restraint that is hampering the growth of the load bank resistor market. Nonetheless, quest for renewable energy is anticipated to be opportunistic for the load bank resistor market.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
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