Press release
Competitive Landscape: Leading Companies and New Entrants in the Genset Battery Market
Genset Battery Market
Projected Market Value and Growth Rate of the Genset Battery Market
The genset battery market is expected to reach a valuation of $12.31 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.3%. This expansion is fueled by the transition towards lithium-ion battery technology, greater integration with renewable energy setups, and rising industrial and commercial demand for backup power solutions. Additionally, the adoption of predictive maintenance technologies and an increasing need for uninterrupted power supply contribute significantly to this growth. Key trends anticipated to shape the market include smart battery management systems, fast recharge capabilities, modular and scalable battery designs, predictive diagnostics, and enhanced safety and reliability features.
Download a free sample of the genset battery market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=29070&type=smp
Major Companies Leading the Genset Battery Industry
Several prominent organizations dominate the genset battery landscape, including Cummins Inc., EnerSys Inc., Camel Group Co. Ltd., Exide Industries Limited, Amaron Batteries Private Limited, Saft S.A., HOPPECKE Batterien GmbH & Co. KG, C&D Technologies Inc., Crown Battery Manufacturing Company, Mutlu Akü Sanayi ve Ticaret A.S., Shenzhen ere*xceed Industrial Co., Ltd., MIDAC S.p.A., GS Yuasa International Ltd., Leoch Batteries India Private Limited, Microtex Energy Private Limited, Calibre Power Controls, Clarios International Inc., Kay Kay Industries, SF Batteries, and YBK Industries Private Limited.
In a strategic move in May 2024, Germany-based diesel engine manufacturer DEUTZ AG acquired Blue Star Power Systems Inc., a US-based genset battery producer, for an undisclosed sum. This acquisition is helping DEUTZ transition from being a component supplier to a comprehensive solutions provider. DEUTZ anticipates that the deal will bring in additional annual revenues exceeding $100 million, potentially growing beyond $150 million in the medium term.
View the full genset battery market report:
https://www.thebusinessresearchcompany.com/report/genset-battery-global-market-report
Emerging Trends Shaping the Genset Battery Market
Leading companies in the genset battery sector are focusing on innovation, particularly by developing lithium-ion-based electronic gensets that offer greater energy efficiency, reduced downtime, and longer lifespans compared to traditional lead-acid batteries. These advanced gensets combine lithium-ion batteries with electronic controls to deliver reliable, low-maintenance power backup or off-grid solutions.
An example of this innovation is showcased by Su-vastika Systems Private Limited from India, which introduced "Power on Wheels" in May 2023. This lithium-ion-based electronic genset serves as an eco-friendly, silent, and cost-effective alternative to conventional diesel generators. The system features lithium batteries that charge fully within 4 to 5 hours, offer a lifespan of 5 to 7 years, and provide flexible capacity and backup durations. It supports various load types, integrates with solar power, requires no maintenance, and produces zero emissions. This technology is ideal for commercial spaces, hospitals, and residential use, cutting operational costs and carbon footprints while ensuring swift power switching to protect sensitive equipment.
Breakdown of the Genset Battery Market Segments
The comprehensive genset battery market report categorizes the industry into multiple segments for clarity and detailed analysis:
1) By Battery Type:
- Lead-Acid Batteries
- Lithium-Ion Batteries
- Nickel-Cadmium Batteries
- Gel Batteries
- Absorbent Glass Mat (AGM) Batteries
2) By Distribution Channel:
- Offline
- Online
3) By Application:
- Residential Use
- Commercial Use
- Industrial Use
- Telecommunication
4) By End-User:
- Utilities
- Oil and Gas
- Manufacturing
- Construction
- Marine
- Other End-Users
Further subcategories specify the types within each battery group, such as:
- Lead-Acid Batteries: Flooded Lead-Acid, Sealed Lead-Acid, Deep Cycle Lead-Acid, Valve Regulated Lead-Acid
- Lithium-Ion Batteries: Lithium Iron Phosphate, Lithium Nickel Manganese Cobalt Oxide, Lithium Cobalt Oxide, Lithium Manganese Oxide, Lithium Titanate
- Nickel-Cadmium Batteries: Vented, Sealed, Pocket Plate, Sintered Plate
- Gel Batteries: Deep Cycle, Standby
- Absorbent Glass Mat Batteries: Deep Cycle, Standby, High Performance, Marine
This detailed segmentation offers a clear perspective on the diverse products, distribution channels, and end-user applications that define the genset battery market today and will continue to influence its trajectory in the years ahead.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Competitive Landscape: Leading Companies and New Entrants in the Genset Battery Market here
News-ID: 4375054 • Views: …
More Releases from The Business Research Company
Leading Companies Reinforce Their Presence in the Guitar Pedals Market
The guitar pedals industry is on the brink of notable expansion as it adapts to evolving musical preferences and technological advancements. With musicians increasingly seeking versatile sound options and enhanced performance tools, this sector is set to experience steady growth. Let's explore the market's size projections, key players, driving forces, and emerging trends shaping its future landscape.
Projected Growth and Market Size of the Guitar Pedals Industry
The guitar pedals market…
Future Perspectives: Key Trends Shaping the Graphene Electronics Market Until 20 …
The graphene electronics market is on the brink of remarkable expansion, driven by cutting-edge technological advancements and increasing applications across various industries. As interest grows in flexible, high-performance electronic components, the market is set to experience significant transformations through 2030. Let's explore the size, key players, trends, and segmentation defining this evolving field.
Projected Growth Trajectory for the Graphene Electronics Market Size by 2030
The graphene electronics market is projected to…
Growth Patterns, Market Segmentation, and Competitive Tactics Influencing the Ga …
The gasoline gensets market is on track for significant expansion as demand for dependable power solutions continues to rise across various sectors. Increasing needs for efficient backup power and advancements in generator technology are setting the stage for notable industry growth in the coming years. Let's explore the current market valuation, key players, emerging trends, and the segmentation shaping this dynamic market.
Market Value Forecast and Growth Trajectory of the Gasoline…
Future Perspectives: Key Trends Shaping the G.Fast Chipset Market Until 2030
The G.Fast chipset market is on the brink of remarkable growth, driven by increasing demands for faster broadband and more efficient last-mile connections. As digital connectivity becomes essential in both residential and commercial settings, advancements in this technology are set to transform how high-speed internet is delivered, especially over existing copper infrastructures.
Projected Expansion of the G.Fast Chipset Market by 2030
The global G.Fast chipset market is anticipated to expand significantly…
More Releases for Batteries
Lithium Coin Batteries Market | Duracell, Energizer, FDK, GP Batteries
The global lithium coin batteries market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the lithium coin batteries market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
Motorcycle Batteries Market Growing Up By Type: Lithium-ion Batteries, Lead-acid …
Acumen Research and Consulting has announced the addition of the "Motorcycle Batteries Market” report to their offering.
The Motorcycle Batteries Market Report 2018 is an in depth study analyzing the current state of the Motorcycle Batteries Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Motorcycle Batteries Market provides analysis of China market covering the industry trends, recent…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
