Industrial Battery Chargers – Uptake of Digitization and Utility as Alternate Energy Source
The digital revolution has grown on transformations in battery technology employed in industrial operations, as smart solutions gain traction succoured by IoT proliferation. Growing focus on establishments of new power grids is another significant influencer of industrial battery product installations, in turn propelling adoption of relevant charging technologies.
Top 3 Factors Shaping the Industrial Battery Chargers Market
Extensive Number of End-Use Sectors Deploying Industrial Battery Chargers
The overarching goal of the deployment of industrial battery chargers is to make a grid more safe, secure, cost-effective, and sustainable. Switching from non-renewable to renewable energy is one of the primary factors driving the demand for industrial battery chargers in the utility sector. According to World Bank statistics, around 78 GW solar and wind turbine energy generation capacity was installed by the end of FY 2016, and this is expected to increase to 378 GW by the end of FY 2021.
Rising Power Consumption by the Population Augmenting the Demand for Industrial Battery Chargers
In 2018, according to EIA (United States of Energy Information Administration), the global population was 7.6 Bn, and it is estimated that, energy utilization by the total world population will increase by 48% from now to the end of 2040. Most of this demand is expected to originate from the Middle East & Africa, Europe, and Asian countries. Hence, this consistently expanding demand for energy will promote the demand for industrial batteries, thereby boosting the volume sales of industrial battery chargers.
Digitization and Technological Developments in the Industrial Battery Chargers Market
The ongoing industrial revolution is built on a digital revolution, combining multiple technologies leading to extraordinary shifts in the industry. It is transforming the entire electrical industry with emerging technologies and evolving business strategies. Smart charging with the advent of IoT (Internet of Things) is expected to gain significant traction in the global industrial battery chargers market over the projected period.
Industrial Battery Chargers Market: Structure Analysis
- The global industrial battery chargers market represents a fairly organized competition, wherein, tier-1 manufacturers hold around 53% revenue share.
- Top companies in the industrial battery chargers market include ABB Ltd., Hitachi ltd, Exide Technologies, ENERSYS, Delta Q, Gs Yuasa International Ltd., AMETEK. Inc, Sevcon, Crown Battery Manufacturing Company, Lester Electrical, AEG Power Solutions, and Kirloskar Electric Company, among others.
- The emergence of a large number of manufacturers from Asia Pacific that offer low-cost industrial battery chargers has created a huge price variation in the industrial battery chargers market around the globe.
Market Set to Grow 2.2X between 2018 and 2028
Investments from the government and private organizations on renewable energy projects, particularly for solar panel based, in a bid to achieve the aim of becoming a sustainable economy, have rubbed off on developmental efforts directed toward battery technologies. Deployment of green energy solutions in existing as well as new energy grids will also remain key influencers of industrial battery chargers market prospects.
Why Emerging Markets are Potent Opportunistic Areas?
North America and Western Europe have traditionally led the way in the industrial battery chargers landscape, upheld by the booming oil & gas sector that entails the requirement for industrial batteries. However, emerging nations of APEJ show high-growth potential and evident profitable opportunities, as governments and private sectors across these nations focus more on ICT spending and IT & communication technologies, sensing the sector’s contribution to economic growth.
The Broader Perspective
Industrial battery chargers industry continues to remain inclined toward mergers & acquisitions, along with divestment activities to generate capital while reducing their debts. Innovative development remains the cornerstone among stakeholders as adoption deployments of industrial battery chargers continue to proliferate.
Ferroresonant technology remains preferred among industrial battery charger manufacturers, as it eliminates electronic control that results in greater dependability and durability
Demand for SCR technology will remain significant, accounting for over 30% sales
Adoption of high frequency and hybrid technologies will remain relatively sluggish
Charger sales for SLA batteries remain the largest, accounting for over 7 in 10 sales
NiCd batteries will also account for significant demand for industrial battery chargers
Plante battery and lithium battery will remain comparative less lucrative in the industrial battery chargers landscape
IT & data centre industry continue to account for leading market shares
Energy & power industry will also account for significant sales of industrial battery chargers
Demand from the telecommunications industry will also remain strong in the assessment period
How Growth will Unfold
Investments in the energy transmission & distribution infrastructure continue to grow unabated to meet the growing power demand worldwide. With intelligent power distribution & control networks on the rise, it is highly likely that developments and demand for industrial battery chargers will be remarkable in the foreseeable future
High Frequency | Hybrid | Ferroresonant
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Industrial Battery Chargers Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028
A recent market study published by FMI “Industrial Battery Chargers Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the industrial battery chargers market, the growth prospects of the market are obtained with maximum precision.
Industrial Battery Charger Market Taxonomy
The Global Industrial Battery Chargers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
- High Frequency Chargers/Switch Mode Based
- SCR (Silicon Controlled Rectifier)/ Thyristor Based
- Hybrid (SCR + Ferroresonant)
Battery Rated Voltage
- Up to 24V
- Above 110V
Output Charging Current
- Above 500A
- SLA Batteries
- NiCd Batteries
- Plante Batteries
- Lithium Batteries
- FC & BC (Float and Boost)
- FC & FCBC (Float and Float cum Boost)
- Dual FCBC (Dual Float cum Boost)
- FCBC (Float cum Boost)
- Energy and Power
- IT and Data Centers
- Oil & Gas
- North America
- Latin America
- Western Global
- Eastern Global
- APEJ (Asia Pacific Excluding Japan)
- Middle East & Africa
The report commences with the executive summary of the Industrial Battery Chargers market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Industrial Battery Chargers market.
Readers can find the detailed taxonomy and the definition of the Industrial Battery Chargers market in this chapter, which will help them understand the basic information about the Industrial Battery Chargers market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Industrial Battery Chargers market report.
The report provides key market trends that are expected to impact the market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market development or product innovations.
This section includes the key inclusions of the report. It includes product adoption & usage analysis, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures strategies for market expansion.
This section explain the Global market value analysis and forecast for the Industrial Battery Chargers market between the forecast periods of 2013-2028 is highlights in this section. This chapter includes the detailed analysis of the historical Industrial Battery Chargers market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2020), and an incremental opportunity for the forecast period (2018 – 2028).
This section highlights the average price of Industrial Battery Chargers in the different region throughout the globe. The pricing benchmark for manufacturer level pricing and distributor level pricing is analysed in this section.
This section explain the Global market volume analysis and forecast for the Industrial Battery Chargers market between the forecast periods of 2018-2028 is highlights in this section.
This chapter explains the key macro-economic factors that are expected to influence the growth of the Industrial Battery Chargers market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the Industrial Battery Chargers market. This chapter also highlights the key market dynamics of the Industrial Battery Chargers market, which include the drivers, restraints and trends. Moreover, readers will understand the key trends followed by the leading manufacturers in the Industrial Battery Chargers market.
Based on Technology, the Industrial Battery Chargers market is segmented into High Frequency Chargers/Switch Mode Based, SCR (Silicon Controlled Rectifier)/ Thyristor Based, Ferroresonant and Hybrid (SCR + Ferroresonant). In this chapter, readers can find information about the key trends and developments in the Industrial Battery Chargers market and market attractiveness analysis based on the technology.
This chapter provides details about the Industrial Battery Chargers market on the basis of battery rated voltage, and has been classified into Up to 24V, 48V, 60V, 110V and Above 110V. In this chapter, readers can understand the market attractive analysis based on Battery Rated Voltage.
This chapter provides details about the Industrial Battery Chargers market on the basis of Output Charging Current, and has been classified into 15A-50A, 51A-150A, 151A-250A, 251A-500A and above 500A. In this chapter, readers can understand the market share and BPS analysis based on Output Charging Current.
Based on Battery Type, the Industrial Battery Chargers market is segmented into SLA Batteries, NiCd Batteries, Plante Batteries and Lithium Batteries. In this chapter, readers can find information about the product trends and key developments in the Industrial Battery Chargers market.
Based on Configuration, the Industrial Battery Chargers market is segmented into FC & BC (Float and Boost), FC & FCBC (Float and Float cum Boost), Dual FCBC (Dual Float cum Boost) and FCBC (Float cum Boost). In this chapter, readers can find information about the growth trends and market attractiveness analysis by configuration.
This chapter provides details about the Industrial Battery Chargers market on the basis of Railways, Energy and Power, Mining, Manufacturing, IT and Data Centers, Marine, Telecommunications, Infrastructure and Oil & Gas. In this chapter, readers can understand the market value and volume analysis by each mentioned segments in the global as well as the regional market
This chapter explains how the Industrial Battery Chargers market will grow across various geographic regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ (Asia Pacific Excluding Japan), Middle East & Africa, Oceania and Japan
This chapter includes a detailed analysis of the growth of the North America Industrial Battery Chargers market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, total sales by key countries, which are impacting the growth of the Latin America Industrial Battery Chargers market. This chapter also includes the growth prospects of the Industrial Battery Chargers market in the leading LATAM countries such as Brazil, Mexico, Argentina, and the Rest of Latin America.
Important growth prospects of the Industrial Battery Chargers market based on its end users in several Western and Eastern Europe countries, such as Germany, the UK, France, Spain, Italy, Russia, Poland and the Rest of Europe, are included in this chapter.
India, Indonesia, Thailand , Malaysia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia Industrial Battery Chargers market in this chapter. Readers can find detailed information about the growth parameters of the South Asia Industrial Battery Chargers market during the period 2018-2028.
This chapter highlights the growth of the Industrial Battery Chargers market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Industrial Battery Chargers market in East Asia.
In this chapter, Australia and New Zealand are among the leading countries in the Oceania region, which are the prime subjects of assessment to obtain the growth prospects of the Oceania Industrial Battery Chargers market.
This chapter provides information about how the Industrial Battery Chargers market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Turkey, Northern Africa and the rest of MEA, during the forecast period 2018 - 2028.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the Industrial Battery Chargers market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Industrial Battery Chargers market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are ABB Ltd., Hitachi ltd, Exide Technologies, ENERSYS, Delta Q, Gs Yuasa International Ltd., AMETEK.Inc, Sevcon, Crown Battery Manufacturing Company, Lester Electrical, AEG Power Solutions, and Kirloskar Electric Company, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Industrial Battery Chargers report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the Industrial Battery Chargers market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Product Line Managers
- Procurement Heads
- Channel Managers
- Sales Executives
- Product Manufacturers
- Traders / Importers
- Raw Material / Component Providers
- Aftersales Service Providers
- Industry Experts
- End Users
- Assemblers / integrators
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
- Industry Magazines
- Industry Associations
- China Industrial Association of Power Sources
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
- World Bank, UNIDO, IMF
Primary Interview Splits