Future Market Insights
Industrial battery charger Market: Introduction
An Industrial battery charger or an industrial battery recharger is a device used to provide energy to a rechargeable battery or a secondary cell by passing current through it. Industrial battery chargers are typically used for charging huge battery banks and also provide DC output to the load. Industrial batteries and industrial battery chargers are like a carriage and a horse, the two always go together. Industrial batteries require high rate chargers. A battery charger is an external device which supplies power to batteries used in electronic vehicles or equipment. It converts AC Current into low voltage AC or low voltage DC Protocol of charging depends on the type and size of batteries. Industrial battery chargers are generally Single phase or three phase and typically three phase industrial chargers are used. Some batteries have high tolerance overcharging and others cannot stand high rate charging and the charger must, thus, have a voltage sensing or temperature sensing circuit and a microprocessor controller to adjust the charging current and cutoff at the end of the charger.
Industrial battery chargers are used globally for various applications such as Distributed Control Panel (DCS) systems, Co generation Projects, Golf Cart, scissor lift, utility, pallet jack, floor care machine and electrical vehicles. Industrial battery chargers have high efficiency and they do not require any maintenance service. They are very critical for some key industries such as power plant, substation, Telecomm, oil & Gas and Railways etc. Market statistics of end use markets have a large impact on industrial battery charger sale as they have long life expectancy and they can adopt harsh environment. With evolving requirements for end use devices, such as improving functionality, increasing power capacity and miniaturization, industrial battery chargers are evolving to become smaller, affordable and more powerful. Similarly, techniques of safe charging which prevent over charging and protect battery systems during charging are helping in the growth of the market.
Industrial battery charger Market: Dynamics
Rapid innovation in charging technology, growing demand of consumers for battery powered devices and increasing need of high end powered management system globally will result in market growth. The market for industrial battery chargers is expected see parallel and potential growth with industrial batteries.
The growth in the electronic industry and rising demand for connected devices and electrical vehicles (EVs) are some of the factors driving the industrial battery charger market. Evaluation of new Industrial battery chargers and the emerging evolution in application areas will provide huge opportunities for industrial battery chargers.
Multifunctional chargers’ compatibility with batteries and charging ports of multiple types and sizes as well as innovations in smart energy efficient charging are some of the factors leading to the growth in their popularity.
However, high risk of duplication is holding back the sales of industrial battery chargers to some extent. Also, as Industrial batteries are high rate chargers, their distribution and installation is an issue. Slow moving sales and limited number of players in the market is another key issue holding back the market of industrial battery chargers.
Industrial Battery Charger Market: Segmentation
On the basis of battery type, the industrial battery charger can be segmented into:
On the basis of battery configuration, the industrial battery charger can be segmented into:
On the basis of application, industrial battery chargers can be segmented into:
Industrial battery charger Market: Regional Outlook
The United States owns a huge portion in the industrial battery charger market around the globe and the Asia Pacific is expected to experience a potential increase in industrial battery charger demand due to growing demand for battery supported systems that regulate power frequency and also store energy.
Western Europe is a growing market for Industrial battery chargers due to the increasing output from the manufacturing sector, especially in the electronic manufacturing industries and motor vehicles. Particularly, in the United States, the industrial battery suppliers are prospering from rising installation of off grid renewable energy systems and microgrids renewable energy systems.
Industrial battery charger Market: Key Players
Some of the key players identified across the value chain of the Industrial Battery Charger market are:
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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