Load Bank Market is estimated to be 225.7 million by 2029 with a CAGR of 3.10%
Manju Gupta04 Aug, 2022News
Load Bank is a device to deliver electrical loads for testing power sources such as UPS and generators. Usually load Banks are used in factory testing of generator set, testing of battery system, ground power testing, and factory testing of turbines. Large amount of investment in industries, real estates, IT & telecom, and power generation plants will drive the market for generators and thus for load Banks market. The global load bank market is estimated to be US$ 225.7 million by 2029 and is anticipated to register a CAGR of 3.10%. The report "Global Load Bank Market, By Type (Resistive, Reactive, and Combined), By Application (Power Generation, Government/Military, Maritime/Shipyards, Oil, Gas, & Nuclear, Data Centers, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029?.
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