$266.4 Million Worldwide Load Bank Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com
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The publisher brings years of research experience to the 6th edition of this report. The 207-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Load Bank Market to Reach $300.4 Million by 2027
Amid the COVID-19 crisis, the global market for Load Bank estimated at US$266.4 Million in the year 2020, is projected to reach a revised size of US$300.4 Million by 2027, growing at a CAGR of 1.7% over the analysis period 2020-2027. Power Generation and T&D, one of the segments analyzed in the report, is projected to record a 2.2% CAGR and reach US$113.3 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Oil & Gas segment is readjusted to a revised 1.5% CAGR for the next 7-year period.