According to the new research report published by The Insight Partners, titled Load Bank Resistor - Global Analysis and Forecast to 2027, the global load bank resistor market is expected to reach US$ 214.5 Mn in 2027, registering a CAGR of 4.5% during the forecast period 2019-2027.

In 2019, Asia Pacific is estimated to account to dominate the market, with a market share of 38.8%. The Asia Pacific region shared the maximum revenue share in 2018, owing to a significantly higher volume of electrical power production and supply. Additionally, the number of industrial facilities are constantly growing in different countries across the Asia Pacific. China and India are major electricity generating countries in the region and accounted for 68.2% of the total electricity generation in the Asia Pacific in 2018. The constantly rising economic conditions in these two countries have led to an expansion in the number of electricity generation companies industries, which procure increased number of load banks for testing for gas turbines, generators, battery systems, and UPS, among others.

In the recent few years, load bank resistor market has noticed noteworthy M&A and partnership activity. Some of the significant deals includes, in 2018, Widap AG acquired S.I.R. Società Italiana Resistor in Catellanza, Italy. This acquisition has facilitated the company to expand its resistor technology in the Europe. As a result of this acquisition, S.I.R has been operating as a long-standing supplier of Widap AG products. Similarly in 2017, Widap AG acquired ELKO-Systeme AG. Thus, through this acquisition, Widap AG caters ELKO-Systeme's wide range of devices and services for measuring instruments & systems for controlling and optimizing the consumption of electrical energy. Also, in 2016, Danotherm Electric A/S acquired ATE-Electronics s.r.l., a power resistor manufacturer. This acquisition gave improved possibilities to the customers of both the companies, by providing a complete assortment of power resistor products. 

The resistive & reactive segment in types segment of the load bank resistor market is expected to create significant opportunities in the load bank resistor market during the forecast period. The benefit of precision testing and accurate results while testing generators and engines at their full capacity has attracted several industries worldwide. Increasing hydro-electric power generation facilities and renewable power generation plants in both developed and developing countries are anticipated to catalyze the adoption rate of resistive & reactive load banks in the coming years.

Key findings of the study:
- 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
- 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
- Vishay Intertechnology introduced high power, high current mica grid resistors (GREM). Vishay Milwaukee GREM resistors are featured with EDG technology for improvements in power capacity, watt density, and weight, while maintaining the same package size. These specifications make the devices ideal for dynamic braking, load banks, and motor control in low vibration industrial and alternative energy applications

Contractual alliances, acquisition, and joint ventures along with product innovation is expected to be the key growth strategy to be adopted by players for next two-three years. However, this strategy could impact competition level. It is also expected to generate new market as well as product opportunities as recently combined companies will thrive to maintain position and profitability.

Some of the key players operating in the load bank resistor market are ASCO Power Technologies, Cermet Resistronics Private Limited, Danotherm Electric Aands, Mosebach Manufacturing Company, Megaresistors, Cressall, Sandvik AB, Tutco Farnam, Vishay Intertechnology Inc., and Widap AG, among others."
 

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