Global Industrial Battery Chargers Market Is Projected To Witness Growth At A CAGR of 2.6% By 2030

Therefore, the global industrial battery chargers market is projected to witness growth at a CAGR of 2.6% to create an absolute $ opportunity of more than US$ 486 million. The market is projected to be valued at more than US$ 2.1 billion by the end of the forecast period (2020 - 2030)

global industrial battery chargers market is projected to witness stagnancy owing to the economic slowdown from COVID-19. Significant drop in the demand for oil & gas due to nation-wide lockdowns in many of the countries and a sharp decline in IT spending, has led to demand destruction of industrial battery chargers globally. In addition, irregularity and price variations of raw material supplies due to high demand-supply ratio is expected to hamper production of industrial battery chargers in the coming years. However, the global industrial battery market is projected to regain traction in the second half of the forecast period when the economy is anticipated to return to normalcy.

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Key Takeaways of Industrial Battery Chargers Market

• Global industrial battery chargers market is expected to grow at a volume CAGR of 2.7% and is anticipated to expand 1.3X through 2030.

• Ferro resonant technology will hold maximum share in terms of value and is projected to be valued at US$ 907.4 million by the end of forecast period (2020 - 2030).

• 60V battery rated voltage is expected to grow at a value CAGR of 3.7% and it is expected to gain 246 BPS into its market share by the end of forecast period.

• 251A - 500A output charging current is anticipated to account for majority share in terms of value and is projected to create an absolute $ opportunity of more than US$ 66 million during the forecast period.

• Up to 5KW & greater than 15KW power rating is projected to grow at a value CAGR of 3.3% & 1.7% respectively and will collectively create an absolute $ opportunity of more than US$ 306 million by the end of forecast period.

• Sealed Lead Acid (SLA) battery is anticipated to grow at a value CAGR of more than 2.4% and will account for a valuation of more than US$ 1,527 million by the end of forecast period.

• Float & boost (FC & BC) configuration is projected to hold maximum share in global industrial battery chargers market and is expected to grow 1.9X more float boost configuration by the end of forecast period.

• IT & Data Centre end use sector is expected to hold more than 23% share and it is expected to create an absolute $ opportunity of more than US$ 147 million during forecast period.

• APEJ is expected to hold maximum share in terms of value and will gain 72 BPS on its market share in terms of value by the end of forecast period.

"Demand for industrial battery chargers will be impacted & will witness sharp downfall in the next couple of years due to economic slowdown amid COVID-19 pandemic. However, the market is set to regain traction in the second half of the forecast period and poised to create significant opportunities" says the Fact.MR analyst.

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Key Companies Profiled

• Hitachi Ltd.
• Exide Technologies
• Delta Q
• GS Yuasa Corporation
• AMETEK Inc
• Crown Battery Manufacturing Company

Key Segments of the Industrial Battery Chargers Market

Fact.MR's study on the industrial battery chargers market offers information divided into two key segments-technology, a battery rated voltage, output charging current, power rating, battery type, configuration, and end-use sectors across eight major regions. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.

• By Technology :

o Ferroresonant Chargers
o High Frequency Chargers Sanitizer
o Hybrid Chargers
o SCR Chargers

• By Battery Rated Voltage :

o Up to 24V
o 48V
o 60V
o 110 V
o Above 110V

• By Output Charging Current :

o 15A-50A
o 51A-150A
o 151A-250A
o 251A-500A
o Above 500A

• By Power Rating :

o Up to 5kW
o 5KW-15KW
o 10KW-15KW
o Above 15KW

• By Battery Type :

o Lithium Battery
o NiCd Battery
o Plante Battery
o Sealed Lead Acid (SLA) Battery

• By Configuration :

o Dual FCBC
o FC & BC
o FC % FCBC
o FCBC

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Questionnaire answered in the Industrial Battery Chargers Market report include:

• How the market for Industrial Battery Chargers has grown?
• What is the present and future outlook of the global Industrial Battery Chargers on the basis of region?
• What are the challenges and opportunities for the Industrial Battery Chargers?
• Why the consumption of Industrial Battery Chargers highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Industrial Battery Chargers market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Industrial Battery Chargers market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Industrial Battery Chargers market and assists to create strategies to overcome the obstacles that may hinder the growth of the Industrial Battery Chargers market.

• Leverage: The Industrial Battery Chargers market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Industrial Battery Chargers market.

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