February 27, 2020
Industrial Battery Chargers

Industrial Battery Chargers Market | Ferroresonant Technology accounted for the Largest Market Share in 2018

The global industrial battery chargers market is expected to witness a growth of 8.14% CAGR across the forecast period of 2019 to 2027.

Product Insights

The global market for industrial battery chargers is projected to reach US$ 3.42 billion in 2027, increasing to CAGR by 8.14 per cent over the forecast period from 2019 to 2027. Batteries are considered to be a clean and efficient power supply. From last decade, industries such as telecom, IT and data center, energy and power are growing at a faster rate. As a result of this growth, the demand for industrial battery chargers is high, as industrial batteries are one of the key power source equipment in these end-use sectors. Globally, the development of power distribution and infrastructure in the energy sector is increasing. Governments in many countries have also outlined policies for sustainable development using clean energy sources. For example, the American Renewable Energy and Efficiency Act states that the country needs to obtain 25 per cent of electricity from renewable energy sources and to implement energy savings programs in electricity and natural gas utilities, which would save 15 per cent and 10 per cent on sales by 2025, respectively. Such regulations have facilitated the growth of industrial battery chargers in the U.S., which in turn promotes market growth in the region.

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Energy consumption of data centers is around 200TWh every year, which accounts almost 1% of total electricity demand across the globe. Additionally, 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, 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 industrial battery chargers market in 2018. The presence of large number of industry players such as Crown Battery Manufacturing and Ametek Inc. in North America is supporting the regional growth. Also governments of countries such as U.S. and Canada are supportive in developing renewable energy sector. For instance, Quebec Energy policy, 2030 of Canada has adopted a goal to build sustainable economy with low carbon and energy efficient solutions.

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

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

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Competitive Insights:

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.

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