A new market research report suggests that the dual fuel generator market will grow USD 156.47 million during 2019-2023, throughout the Americas, APAC, and EMEA.
The report, which was published in January 2020 by leading global technology research and advisory company, TechNavio, cites the unreliable global grid infrastructure as one of the primary factors driving this growth in generator sales.
The report states, “With the growing urbanization rate in developing countries and the increasing global population, there is a considerable increase in the overall consumption of power. However, the present grid infrastructure in developing countries is inadequate to cater to the growing demand for power. This will induce consumers to adopt alternatives such as dual power generators as backup power to counter power shortages.”
Paul Brickman, Sales and Marketing Director at Crestchic Loadbanks, commented, “This report certainly backs up what we’re seeing. As life becomes much faster-paced, consumers and businesses simply won’t tolerate power outages or decreased service. Generators are playing a much bigger role in people’s lives, which is reflected in increased demand for load banks. We work with some of the major generator manufacturers, providing testing and ongoing maintenance of their systems.”
As well as working with system manufacturers, Crestchic provides load bank units via contractors, as well as to end-users. Their advice is clear: having back-up power in the form of a generator can help organisations in the event of a power cut. However, failing to test the system on a regular basis is a trap that many businesses fall into.
“Wherever there is a generator,” explains Paul, “there is also a need for a load bank. These huge and complex systems are much like any other internal combustion engine, with various elements, from lubrication, cooling systems, fuel system and electrics, which could go wrong. A load bank allows the user to run the generator at full load – testing the system, identifying potential errors and ensuring it will work as needed should the worst happen.”
With a global reach and operations across the UK, US, APAC and EMEA, Crestchic Loadbanks is well-positioned to provide load testing equipment to meet this growing market.
For more information on Crestchic Loadbanks, visit www.crestchicloadbanks.com
Northbridge Industrial Services (LON:NBI) has two core activities, Crestchic Loadbanks and Tasman Oil Tools. Crestchic is a specialist electrical equipment business which manufactures, sells and rents loadbanks and transformers from its base in Burton on Trent and has depots in France, Germany, Belgium, UAE and Singapore. Crestchic also has satellite locations in China and the USA.