Key Highlights
• Industrial battery chargers are an essential part of any business. In battery powered machines, the batteries must be charged for uninterrupted operation of the machine or equipment. A battery charger is a device that converts electricity into a rechargeable battery or from electrical current to another battery. There are many types of commercial chargers used in different industries. The type of commercial charger is selected based on the capacity of the battery installed in electrical or electronic equipment. Commercial battery chargers are used in many sectors such as electronic electronics, energy sector, telecommunications sector and informatics. Different machines are used in these industries that require continuous electricity. When there is a power outage, it can be expensive. For this reason, these industries often use equipment with batteries so that the batteries can be recharged and equipment or machines can be kept running continuously. Fast chargers, three-phase chargers, induction chargers, motion power chargers, etc., used in various industries according to different products or equipment.
• The market size of the worldwide Industrial Battery Charger market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In April 2023, EnerSys® announced that it has acquired Industrial Battery and Charger Services Limited (IBCS). The acquisition will help EnerSys® increase its energy services and strengthen its position in the UK market.
• The increase in demand for industrial energy products, coupled with the demand for batteries for grid storage, is driving the growth of the market. In addition, the widespread use of these batteries in various applications such as UPS and electrical appliances is expected to drive market expansion. The United States had the largest market share in the North American market in 2019, and this trend is expected to continue throughout the forecast period as mobile devices and Datacom, uninterruptible power supply (UPS) etc. In addition, the strength of major US-based companies such as Exide, Johnson Controls and Odyssey is expected to support market growth in the region over the forecast period. Increasing demand for forklifts in America and because Canada is growing industry with many warehouses, large-scale use of SLA fuel in electrical applications such as forklifts in the manufacturing industry will also support business development. The development of appropriate government policies for infrastructure development in the country through the National Infrastructure Program (NIP) is expected to fuel the growth of the UPS industry during the forecast period, which in turn increases the demand for existing batteries. However, high investment costs combined with safety concerns regarding battery charging and lead acid waste should somewhat limit the growth of the market.
Scope of the Application Profile
Key Players
• ABB Ltd. (Switzerland)
• Hitachi ltd (Japan)
• Exide Technologies (US)
• ENERSYS (US)
• Delta Q (Canada)
• GS Yuasa International Ltd. (Japan)
• AMETEK. Inc. (US)
• Kirloskar Electric Company (India)
• Crown Battery Manufacturing Company (US)
• Lester Electrical (US)
Segmentation
By Technology
• Switch Mode Based
• SCR/Thyristor Based
• Ferro-resonant
• Hybrid (SCR + Ferro-resonant)
By Battery Type
• SLA Batteries
• NiCd Batteries
• Plante Batteries
• Lithium Batteries
By Configuration
• FC & BC (Float and Boost)
• FC & FCBC (Float and Float cum Boost)
• Dual FCBC (Dual Float cum Boost)
• FCBC (Float cum Boost)
By Battery Rated Voltage
• Up to 24V
• 24 - 48V
• 48 - 60V
• 60 - 110V
• Above 110V
By Application
• Railways
• Energy and Power
• Manufacturing
• IT and Data Centers
• Infrastructure
• Other Application
What to Expect from Application Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Industrial Battery Charger market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Industrial Battery Charger market.
3. Leading company profiles reveal details of key Industrial Battery Charger market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Industrial Battery Charger market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In April 2023, EnerSys® announced that it has acquired Industrial Battery and Charger Services Limited (IBCS). The acquisition will help EnerSys® increase its energy services and strengthen its position in the UK market.
• In May 2020, Delta Q, a leader in battery manufacturing, introduced a new closed-loop generator, the QC350. The QC 350 is designed to charge batteries used in electric vehicles. The charger has a design and small size and can be easily charged.
Segment Insights
By Battery Type
SLA batteries had the largest share of more than 47% in 2019 and are expected to be the main market during the forecast period. Lead acid batteries find application in uninterruptible power supply (UPS) systems because they have fast energy and long life expectancy. A UPS system is an electronic device that supplies electricity in the event of a mains or power outage. The high energy consumption of SLA oil is expected to drive the growth of this segment over the forecast period. They are also used in industrial applications such as forklifts due to their low cost, reliability and chain design. The fast-paced economy and increasing number of factories are expected to drive the future growth of the segment. The expansion of warehouse space, the growth of e-commerce, high demand for forklifts and large investments from new industry players are also expected to accelerate growth in this segment over the next eight years.
By Application
Energy and power emerged as the largest market, accounting for more than 33% of the world's share in 2022. This segment will maintain its dominant position throughout the forecast period due to the widespread use of industrial power tools such as forklifts. The fast-paced economy and growing manufacturing sector are expected to fuel the growth of this segment. In addition, the expansion of warehouse space, growth of e-commerce and increased demand for forklift replacement will support the growth of this segment over the next eight years. The grid-connected energy storage segment is expected to record a CAGR of over 9% over the forecast period.
The growth of the global energy storage market is expected to increase battery consumption in the coming years. Grid power storage systems, original or historic, must compete with transmission and distribution. As the industry progresses, manufacturers must develop and implement new business models for the use and operation of storage. It is anticipated that this will further impact operational capability, allowing projects to be more reliable and more efficient with the use of batteries in industry.
Regional Insights
By 2022, Asia Pacific will be the largest market in the region, accounting for more than 34% of the global market. The market is expected to be the largest in the region during the forecast period, mainly due to strong economic growth and rising public employment in China, India, Australia and many Southeast Asian countries. Various initiatives from the Indian government have encouraged entrepreneurs in the country, which is expected to increase battery demand during the forecast period. The construction industry in the region, IT, telecom etc. It has seen strong growth in business and industry and this has resulted in high demand for batteries used as electrical products in these locations. North America is estimated to be the Americas, the second largest market in the region. This is due to the strong US production of large companies such as Exide, Johnson Controls and Odyssey and the rapid growth of the US auto industry. The United States will increase demand for commercial vehicles such as battery-powered forklifts, which will increase battery demand in the coming years.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 INDUSTRIAL BATTERY CHARGER MARKET
OVERVIEW, BY TECHNOLOGY
6.1 Global Market Revenue & Share Analysis, By Technology
6.1.1 Switch Mode Based
6.1.2 SCR/Thyristor Based
6.1.3 Ferro-resonant
6.1.4 Hybrid (SCR + Ferro-resonant)
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 INDUSTRIAL BATTERY CHARGER MARKET
OVERVIEW, BY BATTERY TYPE
7.1 Global Market Revenue & Share Analysis, By Battery Type
7.1.1 SLA Batteries
7.1.2 NiCd Batteries
7.1.3 Plante Batteries
7.1.4 Lithium Batteries
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 INDUSTRIAL BATTERY CHARGER MARKET
OVERVIEW, BY CONFIGURATION
8.1 Global Market Revenue & Share Analysis, By Configuration
8.1.1 FC & BC (Float and Boost)
8.1.2 FC & FCBC (Float and Float cum Boost)
8.1.3 Dual FCBC (Dual Float cum Boost)
8.1.4 FCBC (Float cum Boost)
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 INDUSTRIAL BATTERY CHARGER MARKET
OVERVIEW, BY BATTERY RATED VOLTAGE
9.1 Global Market Revenue & Share Analysis, By Battery Rated
Voltage
9.1.1 Up to 24V
9.1.2 24 - 48V
9.1.3 48 - 60V
9.1.4 60 - 110V
9.1.5 Above 110V
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4. Key Takeaways
10 INDUSTRIAL BATTERY CHARGER MARKET
OVERVIEW, BY APPLICATION
10.1 Global Market Revenue & Share Analysis, By Application
10.1.1 Railways
10.1.2 Energy and Power
10.1.3 Manufacturing
10.1.4 IT and Data Centers
10.1.5 Infrastructure
10.1.6 Other Application
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4. Key Takeaways
11 INDUSTRIAL BATTERY CHARGER MARKET
OVERVIEW, BY REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By Technology
12.2 North America Market Revenue & Share Analysis, By Battery
Type
12.3 North America Market Revenue & Share Analysis, By
Configuration
12.4 North America Market Revenue & Share Analysis, By Battery
Rated Voltage
12.5 North America Market Revenue & Share Analysis, By
Application
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Technology
13.2 Europe Market Revenue & Share Analysis, By Battery Type
13.3 Europe Market Revenue & Share Analysis, By Configuration
13.4 Europe Market Revenue & Share Analysis, By Battery Rated
Voltage
13.5 Europe Market Revenue & Share Analysis, By Application
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Technology
14.2 APAC Market Revenue & Share Analysis, By Battery Type
14.3 APAC Market Revenue & Share Analysis, By Configuration
14.4 APAC Market Revenue & Share Analysis, By Battery Rated
Voltage
14.5 APAC Market Revenue & Share Analysis, By Application
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Technology
15.2 MEA Market Revenue & Share Analysis, By Battery Type
15.3 MEA Market Revenue & Share Analysis, By Configuration
15.4 MEA Market Revenue & Share Analysis, By Battery Rated
Voltage
15.5 MEA Market Revenue & Share Analysis, By Application
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Technology
16.2 SA Market Revenue & Share Analysis, By Battery Type
16.3 SA Market Revenue & Share Analysis, By Configuration
16.4 SA Market Revenue & Share Analysis, By Battery Rated
Voltage
16.5 SA Market Revenue & Share Analysis, By Application
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Source Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 ABB Ltd. (Switzerland)
18.2.1.1 Business Overview
18.2.1.2 Product Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 Hitachi ltd (Japan)
18.2.3 Exide Technologies (US)
18.2.4 ENERSYS (US)
18.2.5 Delta Q (Canada)
18.2.6 GS Yuasa International Ltd. (Japan)
18.2.7 AMETEK. Inc. (US)
18.2.8 Kirloskar Electric Company (India)
18.2.9 Crown Battery Manufacturing Company (US)
18.2.10 Lester Electrical (US)
19 DISCLAIMER
20 APPENDIX
