The growing number of engineering activities is leading to a boom in the use of engineering products and services. Different products and services enjoy a big boom in different industries due to which it has become feasible for every industry to run its operations successfully.
According to Markets And Markets, the demand for the product engineering services market is expected to grow to $1,003.12 billion in 2021 from $676.17 billion in 2016. There is going to be growth at a CAGR of 8.2% during the time period, 2016-21.
A load bank is a very useful equipment that is being used by different industries to facilitate the proper running of equipment when there is a power outage. Load banks serve multiple purposes in different industries due to which they enjoy high demand in the engineering world.
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.