LOAD BANK MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Load Bank Market, By Product Type (Resistive Load Banks, Reactive Load Banks, Hybrid Load Banks), By Application (Power Generation, Maritime/Shipyards, Data Centers, Oil & Gas, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
In 2023, Crestchic, a leading manufacturer of load banks and testing equipment, announced that it has provided formal load bank training to one of the most elite naval forces globally. The training was conducted following the arrival of Crestchic's 3000 kVA, 3-phase load bank with NOVA control hardware and Orion user interface.
In 2022, Eagle Eye Power Solutions, a leading provider of power system solutions and services, announced the expansion and relocation of its headquarters to Mequon, Wisconsin. The new headquarters features an onsite battery learning lab as part of Eagle Eye University, providing hands-on training and education for customers and partners.
In 2022, Cummins Inc., a global power leader, announced the launch of its new 1MW twin-pack rental generator, C1000D6RE. This new product offers a competitive rental power solution for various applications throughout North America, ensuring greater reliability for rugged portable power applications and others.
In 2022, Resistor manufacturer launches new load bank division