More than 1.3 million industrial battery chargers were sold in 2018, according to a recent market research intelligence presented by Future Market Insights (FMI). The study projects a strong increase of over 7% in the procurement of industrial battery chargers in 2019.
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.
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As industrialization continues to generate ever-growing demand for energy storage, the industrial battery chargers are likely to witness heavy adoption. More than 35% of the global demand for industrial battery chargers is accounted by IT & data center, and energy & power industries, as indicated by FMI’s analysis.
- SLA (sealed lead acid) batteries, representing a dominant market value share, will face strong competition from NiCd (Nickel-Cadmium) and plante batteries in coming years.
- FCBC (float cum boost) and dual FCBC configurations are likely to emerge highly lucrative for industrial battery charger manufacturers.
- Hybrid technology industrial battery chargers will reportedly emerge as the most attractive segment in industrial battery chargers market, within the next few years.
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.
By Segmentation:
Technology
- High Frequency Chargers/Switch Mode Based
- SCR (Silicon Controlled Rectifier)/ Thyristor Based
- Ferroresonant
- Hybrid (SCR + Ferroresonant)
Battery Rated Voltage
- Up to 24V
- 48V
- 60V
- 110V
- Above 110V
Output Charging Current
- 15A-50A
- 51A-150A
- 151A-250A
- 251A-500A
- Above 500A
Battery Type
- SLA Batteries
- NiCd Batteries
- Plante Batteries
- Lithium Batteries
Configuration
- FC & BC (Float and Boost)
- FC & FCBC (Float and Float cum Boost)
- Dual FCBC (Dual Float cum Boost)
- FCBC (Float cum Boost)
End-Use Sector
- Railways
- Energy and Power
- Mining
- Manufacturing
- IT and Data Centers
- Marine
- Telecommunications
- Infrastructure
- Oil & Gas
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ (Asia Pacific Excluding Japan)
- Middle East & Africa
- Oceania
- Japan
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Favorable Government Initiatives to Accelerate Adoption of Industrial Battery Chargers
Increase in the energy distribution and transmission infrastructure backed by favorable governmental regulatory framework, and the flourishing trend of sustainability through non-conventional alternatives as energy sources are playing a vital role in establishing a strong adoption base for industrial battery chargers.
“The rate of industrial battery chargers’ procurement will significantly take off as electrification continues to receive strong governmental support. Mounting pace of the smart grid adoption across industries will remain another key factor encouraging preference for industrial battery chargers in the years to come,” says a senior market research professional at FMI.
Subsidies offered by regional and local governments for procurement of energy systems based on alternative sources at economical capital costs are strongly backed by climbing new grid sales, which necessitate the deployment of secondary or rechargeable batteries for energy transmission and distribution. FMI’s report opines that this will play a pivotal role in encouraging sales of industrial battery chargers in the near future.
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.
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Major Key Players:
Some of the major companies active in industrial battery charger market have been covered in FMI’s report, including 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.