Press release
Industrial Battery Chargers Market 2023 Growth, Leading Players and Business Insights Forecast to 2031 | ABB Ltd.,, Hitachi ltd, Exide Technologies, ENERSYS, Delta Q
Industrial Battery Chargers Market
Industrial battery chargers are designed to charge large batteries used in industrial applications. These chargers are typically much larger and more powerful than standard chargers used in consumer electronics. Industrial battery chargers typically have multiple charging ports to charge multiple batteries at the same time. Many industrial battery chargers also have features that allow them to be used in hazardous environments.
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Key Trends
The key trends in industrial battery chargers technology are:
1. Increasing use of high performance batteries: High performance batteries are being increasingly used in industrial applications due to their higher energy density and longer life span. This has led to a corresponding increase in the demand for high performance industrial battery chargers.
2. Growing popularity of lithium ion batteries: Lithium ion batteries are gaining popularity in industrial applications due to their high energy density and long life span. This has led to a corresponding increase in the demand for lithium ion battery chargers.
3. Increasing use of renewable energy sources: Renewable energy sources such as solar and wind energy are being increasingly used to power industrial battery chargers. This is due to the growing concern about environmental issues and the need to reduce dependence on fossil fuels.
4. Technological advances: There have been various technological advances in industrial battery chargers in recent years. These include the development of more efficient chargers and the use of new materials and technologies to improve charger performance.
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Key Drivers
The global industrial battery chargers market is anticipated to grow on the back of the rising demand for uninterrupted power supply (UPS) systems and backup power solutions. The increasing number of power outages and grid failures is also expected to drive the demand for industrial battery chargers. Moreover, the rapid industrialization and urbanization in developing countries is projected to create a significant demand for UPS systems, which, in turn, is expected to fuel the growth of the industrial battery chargers market.
The increasing adoption of renewable energy sources is also expected to boost the demand for industrial battery chargers. The growing focus on reducing carbon emissions and shifting preference towards sustainable energy sources is expected to fuel the demand for solar and wind energy. This, in turn, is expected to create a significant demand for industrial battery chargers for storing and supplying power during power outages.
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Market Segments
By Technology
Ferroresonant Chargers
High Frequency Chargers Sanitizer
Hybrid Chargers
SCR Chargers
By Battery Rated Voltage
Up to 24V
48V
60V
110 V
Key Players
The Industrial Battery Chargers Market includes players such as ABB Ltd.,, Hitachi ltd, Exide Technologies, ENERSYS, Delta Q, GS Yuasa International Ltd., AMETEK. Inc., Sevcon, Crown Battery Manufacturing Company and Lester Electrical.
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Reasons to buy Industrial Battery Chargers Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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