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Industrial Battery Chargers Market By Technology Type (Ferroresonant, SCR, High Frequency, Hybrid), By Battery Type (SLA, NiCd, Plante Battery, Lithium Battery), By Battery Voltage (Upto 24V, 24V-48V, Above 48V), By Output Current (Upto 50A, 51A-150A, 151A-250A, 251A-500A, Above 500A), By End-use Industry (IT & Data Centre, Energy & Power, Transportation, Telecommunication, Oil And Gas, Metal And Mining) - Growth, Future Prospects & Competitive Analysis, 2019 – 2027

Overview:

The industrial battery chargers market is expected to reach US$ 3.42 Bn in 2027, growing at a CAGR of 8.14% during the forecast period from 2019 to 2027. Industrial battery chargers are used for charging large battery banks that find its applications in various industries such as IT, telecom and power. Continuous supply of power is very crucial in large industries as few minutes of power downtime could incur huge amount of loss. To avoid such occurrences, batteries are predominantly used. Rising technology innovation in battery powered transportation, energy and power sector, etc. has created huge demand for storage of energy. This, in turn has resulted into high demand for industrial battery chargers worldwide. Also, growing installations of new power-grids across the globe further stimulates the growth of industrial battery chargers market.

According to, “World Economic and Social Survey, 2018”, conducted by the United Nations, recent developments in battery technology has made renewable energy technology for off-grid power more viable in many communities of Asia and other developing parts of the world such as Latin America and Africa. United Nations also emphasized on increasing use of battery technology for achieving the goal of sustainable development.

Batteries store energy for reasonably longer period of time. They are of great help in delivering energy more effectively than thermal engine. Responsiveness of battery is instant compared to other source of power such as generator. For instance, a diesel generator requires about 2-3 min for starting and also it generates lot of smoke which cause air pollution. On the contrary, batteries are smokeless and they supply power instantly.

Market Snapshot

Industrial Battery Chargers Market

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"Ferroresonant Technology accounted for the Largest Market Share in 2018"

Technological upgradation has enhanced the efficiency of ferroresonant chargers, while increasing the power factor as well. Ferroresonant technology chargers provide better protection against A.C. fluctuation. This helps to avoid any damage to machine working on it and fluctuation in battery efficiency. Ferroresonant chargers are not affected by environmental factors such as humidity or temperature. This acts as a major advantage of ferroresonant technology chargers. Having a long life cycle, this type of chargers are long-lasting and can serve for almost 15 years with minimum amount of repair and maintenance. In addition to this, ferroresonant chargers are easy to diagnose and repair. The aforementioned benefits of ferroresonant technology chargers have put it ahead than other charger technologies in overall market share. Apart from this, recent developments in charger technologies such as reduction in size and weight, the high frequency chargers are expected to have a steady growth in the market.

Industrial Battery Chargers Market

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"North America Garnered Largest Market Share in 2018"

In 2018, North America led the industrial battery chargers market worldwide. The region is expected to witness a considerable growth during the forecast period from 2019 to 2027. North America has highly developed power, IT and data center sectors. These sectors are gobbling large amount of energy every day. Currently, data centers in the U.S. use almost 90 Bn KWh of energy every year and this number is increasing on yearly basis. With the increasing growth in IT and data centers, the demand for industrial battery chargers is increasing at a rapid pace. Moreover, the growth and acceptance of IoT further aids the growth in number of data centers and ultimately supporting the demand of industrial battery chargers, thereby enhancing the market growth in the region.

Industrial Battery Chargers Market

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Competitive Insights

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 Corp., Sevcon Inc., Lester Electrical, Kirloskar Electric Company, AEG Power Solutions Ltd., Motor Appliance Corporation, Schumacher Electric Corp. etc. among others. These companies are adopting several strategies for gaining larger share of the market. For instance, in May 2019, Exide Technologies launched their next generation technology for automotive and industrial application. The carbon boost 2.0 technology can attain 75% more energy saving on EFB start-stop battery. It can be used for EFB and premium batteries that are used in light vehicles. Moreover, in February 2016, Sevcon Inc. acquired Italy based privately held battery charger manufacturing company Bassi S.r.l. With this acquisition the company is expecting 35% share in vehicle electrification market.

Industrial Battery Chargers Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2017 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Industrial battery chargers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global industrial battery chargers market based on technology type, water depth, end-use industry and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Technology Type Segment (2017-2027; US$ Bn)
 • Ferroresonant
 • SCR
 • High Frequency
 • Hybrid

 Battery Type Segment (2017-2027; US$ Bn)
 • NiCd
 • SLA
 • Plante Battery
 • Lithium Battery

 Battery Voltage Segment (2017-2027; US$ Bn)
 • Upto 24V
 • 24V-48V
 • Above 48V

 Output Current Segment (2017-2027; US$ Bn)
 • Upto 50A
 • 51A-150A
 • 151A-250A
 • 251A-500A
 • Above 500A

 End-use Industry Segment (Bn)
 • IT and Data Center
 • Energy and Power
 • Transportation
 • Telecommunication
 • Oil and Gas
 • Metal and Mining

 Geography Segment (2017-2027; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Rest of the World (Middle East & Africa, Latin America) 

Key questions answered in this report

  • What was the market size of industrial battery chargers market in 2018 and forecast up to 2027?
  • What are the key factors driving the global industrial battery chargers market?
  • What are the key market trends and high-growth opportunities observed in the industrial battery chargers market?
  • Which is the largest regional market for industrial battery chargers market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the industrial battery chargers market?
  • What are the sustainability strategies adopted by the key players operating in the market?

 

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Aug 2019
Category:  Technology & Media
Report ID:   59858
Report Format:   PDF
Pages:   120
Rating:    4.2 (69)
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