Global Industrial Battery Chargers Market by Technology, Battery, Voltage, Output Current, End-use Industry & Geography - Forecast to 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 20, 2019--
The “Global Industrial Battery Chargers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2019 to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global industrial battery chargers market is projected to reach US$ 3.42 Bn in 2027, expanding at a CAGR of 8.14% across the forecast period of 2019 to 2027.
Batteries are considered to be a clean and efficient source of power supply. From the last decade, industries such as telecom, IT and data center, energy and power are growing at a faster rate. With this growth, the demand for industrial battery chargers is high as industrial batteries are one of the crucial equipment of power source in these end-use sectors.
Globally, there is an increase in the development of power distribution and the infrastructure in the energy sector. Also, governments of many countries are charting policies for sustainable development using clean energy sources. For instance, The American Renewable Energy and Efficiency Act of U.S.A. states that the country needs to obtain 25% of electricity from a renewable energy source and the implementation of energy savings programs in electric and natural gas utilities that would save 15% and 10% on sales respectively by 2025. Such regulations have facilitated the growth of the industrial battery chargers in the U.S., which in turn is supporting the market growth in the region.
Energy consumption of data centers is around 200TWh every year, which accounts for almost 1% of total electricity demand across the globe. Additionally, the data center has contributed about 0.3% of the overall carbon emission worldwide. These facts have made data center one of the reasons for environmental degradation. With the rise of IoT, the market share of data centers is expected to increase rapidly in the coming years. In order to keep data centers working continuously, a large number of batteries are deployed and used to achieve the required power.
Industrial battery chargers market, based on technology type was dominated by ferroresonant technology in 2018. This type of charger has no electronic control unit which makes it dependable and durable. In addition to this, long term serviceability of ferroresonant chargers is ideal for users in industries such as telecommunication, energy, and power, etc. These advantages offered by ferroresonant technology chargers are ideal for industries including oil and gas, metal and mining, etc.
In terms of geography, North America held the largest share in the industrial battery chargers market in 2018. The presence of a large number of industry players such as Crown Battery Manufacturing and Ametek Inc. in North America is supporting regional growth. Also, governments of countries such as the U.S. and Canada are supportive in developing the renewable energy sector. For instance, Quebec Energy policy, 2030 of Canada has adopted a goal to build a sustainable economy with low carbon and energy-efficient solutions.
Some of the major players profiled in industrial battery chargers market includes ABB Ltd., Exide Technologies, EnerSys, GS Yuasa Corporation, Ametek, Inc., Crown Battery Manufacturing, Hitachi Ltd., Delta Q Technologies Corporation, Sevcon, Lester Electrical, Kirloskar Electric Company, AEG Power Solutions Ltd., Motor Appliance Corporation, Schumacher Electric Corporation etc. among others. These players are adopting various strategies such as new product launch and partnership with other players to increase their market share.
For instance, in November 2018, Toyota Material Handling, U.S.A., the manufacturer of industrial lifts and material handling equipment, has declared that battery and chargers of EnerSys will be available in their STARLIFT Parts Program. This program offers lifts and material handling equipment in North America. Moreover, in October 2018, Delta Q Technologies Corporation launched its new charger RC1000 in its RC Series. The RC1000 charger has enhanced reliability and charging quality when used in electric vehicles and commercial machines.
Key Topics Covered
2. Executive Summary
2.1. Market Snapshot: Global Industrial Battery Chargers Market
2.2. Global Industrial Battery Chargers Market, by Technology Type, 2018 (US$ Bn)
2.3. Global Industrial Battery Chargers Market, by Battery Type, 2018 (US$ Bn)
2.4. Global Industrial Battery Chargers Market, by Battery Voltage, 2018 (US$ Bn)
2.5. Global Industrial Battery Chargers Market, by Output Current, 2018 (US$ Bn)
2.6. Global Industrial Battery Chargers Market, by End-use Industry, 2018 (US$ Bn)
2.7. Global Industrial Battery Chargers Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1.1. Global Industrial Battery Chargers Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Industrial Battery Chargers Market, by Technology Type , 2017-2027 (US$ Bn)
4.4. High Frequency
5. Global Industrial Battery Chargers Market, by Battery Type, 2017-2027 (US$ Bn)
5.4. Plante Battery
5.5. Lithium Battery
6. Global Industrial Battery Chargers Market, by Battery Voltage, 2017-2027 (US$ Bn)
6.2. Upto 24V
6.4. Above 48V
7. Global Industrial Battery Chargers Market, by Output Current, 2017-2027 (US$ Bn)
7.2. Upto 50A
7.6. Above 500A
8. Global Industrial Battery Chargers Market, by End-use Industry, 2017-2027 (US$ Bn)
8.2. IT & Data Centre
8.3. Energy & Power
8.6. Oil and Gas
8.7. Metal and Mining
9. North America Industrial Battery Chargers Market Analysis, 2017-2027 (US$ Bn)
10. Europe Industrial Battery Chargers Market Analysis, 2017-2027 (US$ Bn)
11. Asia Pacific Industrial Battery Chargers Market Analysis, 2017-2027 (US$ Bn)
12. Rest of the World Industrial Battery Chargers Market Analysis, 2017-2027 (US$ Bn)
13. Company Profiles
13.1. ABB Ltd.
13.2. Exide Technologies
13.4. GS Yuasa Corporation
13.5. Ametek, Inc.
13.6. Crown Battery Manufacturing
13.7. Hitachi Ltd.
13.8. Delta Q Technologies Corporation
13.10. Lester Electrical
13.11. Kirloskar Electric Company Ltd.
13.12. AEG Power Solutions Ltd.
13.13. Motor Appliance Corporation
13.14. Schumacher Electric Corporation
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PUB: 11/20/2019 11:32 AM/DISC: 11/20/2019 11:32 AM