According to a recent study of Fact.MR, ~1,400 thousand units of industrial battery chargers were sold in the year 2018. In addition to the constant surge in uninterrupted operational requirements from a multitude of end users, the growing criticality of quick charging batteries will remain the key factors complementing industrial battery charger market growth in coming years. Marked penetration of intelligent or smart industrial battery chargers will be a notable trend in market over the coming years, according to the study.
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As indicated by the study, mounting demand for smart grid storage will remain a strong booster to industrial battery charger sales. Additionally, a visibly strong surge in adoption of sealed lead acid (SLA) industrial batteries, which are selling high for their compact size and superior capabilities suitable for back-up and cycling applications, will continue to benefit sales of industrial battery charger.
In 2018, the combined demand for industrial battery charger from manufacturing and energy & power industries, along with railways, accounted for ~70% of the sales volume. However, the study indicates that growing dependency on oil & gas energy storage is supplementing investments made in lithium batteries, which synchronize with the sustainable energy storage trend, and thus is likely to create opportunities for manufacturers of lithium-based industrial battery chargers.
Preference for Energy-efficient Battery Technologies Shaping Innovations
The industrial battery charger industry is undergoing a sea change, particularly in terms of charging capabilities. According to the report, transforming battery technologies and innovations in industrial infrastructure are creating favorable ground for adoption of intelligent battery chargers that target industrial applications, thereby, assisting growth of the industrial battery charger market.
Browse Full Report at: https://www.factmr.com/report/3758/industrial-battery-charger-market
The study also mentions that the heightening popularity of energy-efficient and cost-effective technologies, such as ferroresonant and SCR technology, over hybrid and high-frequency battery variants, will significantly contribute towards the growth of industrial battery charger market. Extensive inherent advantages of these energy-efficient technologies, in terms of voltage regulation, low operation costs, easy maintenance, and high reliability, will continue to account for high preference. The subsequent rise in demand for high-efficiency power solutions for different industrial operations is set to augur well for the sales of industrial battery chargers.
According to the latest Fact.MR study, the competition in industrial battery charger market is characterized by a large number of smaller companies, which collectively hold 60% share in the global market revenues. Leaders, such as ABB Ltd, Exide Technologies, and Enersys are emphasizing improved R&D to accelerate new launches, and eventually boost their global presence. To achieve enhanced regional and global foothold in the industrial battery charger market, companies are observed to have adopted effective product innovation strategies. With growing focus on strengthening sales via direct distribution, notable industry players continue to have a strong market footprint, regionally and globally.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=3758
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
Ask for sample link here: https://www.factmr.com/connectus/sample?flag=S&rep_id=3758
As indicated by the study, mounting demand for smart grid storage will remain a strong booster to industrial battery charger sales. Additionally, a visibly strong surge in adoption of sealed lead acid (SLA) industrial batteries, which are selling high for their compact size and superior capabilities suitable for back-up and cycling applications, will continue to benefit sales of industrial battery charger.
In 2018, the combined demand for industrial battery charger from manufacturing and energy & power industries, along with railways, accounted for ~70% of the sales volume. However, the study indicates that growing dependency on oil & gas energy storage is supplementing investments made in lithium batteries, which synchronize with the sustainable energy storage trend, and thus is likely to create opportunities for manufacturers of lithium-based industrial battery chargers.
Preference for Energy-efficient Battery Technologies Shaping Innovations
The industrial battery charger industry is undergoing a sea change, particularly in terms of charging capabilities. According to the report, transforming battery technologies and innovations in industrial infrastructure are creating favorable ground for adoption of intelligent battery chargers that target industrial applications, thereby, assisting growth of the industrial battery charger market.
Browse Full Report at: https://www.factmr.com/report/3758/industrial-battery-charger-market
The study also mentions that the heightening popularity of energy-efficient and cost-effective technologies, such as ferroresonant and SCR technology, over hybrid and high-frequency battery variants, will significantly contribute towards the growth of industrial battery charger market. Extensive inherent advantages of these energy-efficient technologies, in terms of voltage regulation, low operation costs, easy maintenance, and high reliability, will continue to account for high preference. The subsequent rise in demand for high-efficiency power solutions for different industrial operations is set to augur well for the sales of industrial battery chargers.
According to the latest Fact.MR study, the competition in industrial battery charger market is characterized by a large number of smaller companies, which collectively hold 60% share in the global market revenues. Leaders, such as ABB Ltd, Exide Technologies, and Enersys are emphasizing improved R&D to accelerate new launches, and eventually boost their global presence. To achieve enhanced regional and global foothold in the industrial battery charger market, companies are observed to have adopted effective product innovation strategies. With growing focus on strengthening sales via direct distribution, notable industry players continue to have a strong market footprint, regionally and globally.
Request for the Customization of the report: https://www.factmr.com/connectus/sample?flag=RC&rep_id=3758
About Us
We are an insights-driven global market intelligence company with a unique purpose: enabling organizations make better decisions. We do this by creating an ecosystem where an eclectic cognitive collaboration between human imagination and data science leads to path breaking ideas.
Our vision is to foster a pervasive culture where critical business decisions are taken on the basis of facts rather than assumptions and perceptions.
Our mission is empowerment – empowerment of free-thought; empowerment of fact-based decisions; empowerment of decisive action.
For More Information Kindly Contact:
Suite 9884
27 Upper Pembroke Street,
Dublin 2, Ireland
Tel: +353-1-4434-232
Mail: sales@factmr.com
Read Blog: https://theheraldmedia.com/
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