Market outlook of the global battery market for inverters
The rising incidences of power outages in developed and developing countries is driving the global battery market for inverters, which has resulted in a projected CAGR of close to 13% for the market during the forecast period. The market is spread across the Americas, the APAC, and the EMEA region, with APAC leading the market with over 50% of the overall market revenue as of 2014. Technavios market research analysts expect the APAC region to continue maintaining its leading position, followed by EMEA and the Americas through 2019.
The demand for inverters is expected to surge from the growing economies such as Indonesia, Malaysia, Thailand, Vietnam, and India due to the rising demand for sustainable power for residential and commercial sectors. This growing demand is likely to put forth a positive impact on the inverter battery market. The rising number of solar PV installations is also a key factor impacting the inverter battery market.
Segmentation of the global battery market for inverters by inverter type
Inverter systems use two types of batteries, namely:
Renewable inverter battery
Non-renewable inverter battery
As of 2014, the renewable inverter battery segment dominated the market with over 60% of the overall revenue, which is attributed to the higher capacity installation in the residential and non-residential sectors such as hospitals, government, SMEs, IT, and telecommunications that require a large number of battery units.
Competitive landscape and key vendors
The global inverter battery market is highly diversified with the presence of many international and domestic inverter battery providers. However, the market is vulnerable to technical and financial challenges, facilitating inorganic growth within the market, compelling vendors to seek strong partnerships with automotive, industrial, and commercial companies to maintain their position in the market and avoid becoming targets for acquisition.
Key vendors in this market are -
East Penn Manufacturing
Su-Kam Power Systems
Growth drivers, challenges, and upcoming trends: Battery market for inverters
Technavios market research analysts have analyzed upcoming trends such as the growing battery demand for non-renewable inverters. These inverters are in high demand in regions where power infrastructure is still unreliable and grid power is unavailable. To cater to the growing demands and bridge the demand-supply gap, governments and companies are looking at alternative renewable power sources such as solar and wind inverter systems, thus propelling the growth of the market.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global battery market for inverters. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?
What are the key factors driving the global battery market for inverters?
What are the key market trends impacting the growth of the global battery market for inverters?
What are the challenges to market growth?
Who are the key vendors in the global battery market for inverters?
What are the market opportunities and threats faced by the vendors in the global battery market for inverters?
What are the trending factors influencing the market shares of the APAC, EMEA, and the Americas?
What are the key outcomes of the five forces analysis of the global battery market for inverters?
Technavio also offers customization on reports based on specific client requirement.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
Key market highlights
Overview of global solar PV market
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Market segmentation by inverter type
Global inverter battery market by inverter type 2014-2019
Global renewable inverter battery market
Global non-renewable inverter battery market
PART 07: Geographical segmentation
Segmentation of global inverter battery market by geography 2014-2019
Inverter battery market in APAC
Inverter battery market in EMEA
Inverter battery market in Americas
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
East Penn Manufacturing
Su-Kam Power Systems
PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
List of Exhibits
Exhibit 01: The global inverter battery market
Exhibit 02: Global inverter battery market 2014-2019 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global inverter battery market by inverter type 2014
Exhibit 05: Global inverter battery market by inverter type 2019
Exhibit 06: Global inverter battery market by inverter type 2014-2019
Exhibit 07: Global renewable inverter battery market 2014-2019 ($ billions)
Exhibit 08: Global renewable inverter battery market 2014-2019 ($ billions)
Exhibit 09: Segmentation of global inverter battery market by geography 2014
Exhibit 10: Segmentation of global inverter battery market by geography 2019
Exhibit 11: Inverter battery market in APAC ($ billions)
Exhibit 12: Inverter battery market in EMEA ($ billions)
Exhibit 13: Inverter battery market in Americas ($ billions)
Exhibit 14: Impact of drivers
Exhibit 15: Impact of drivers and challenges
Exhibit 16: East Penn Manufacturing: Business segmentation
Exhibit 17: Eaton: Business segmentation by revenue 2014
Exhibit 18: Eaton: Business segmentation by revenue 2013 and 2014
Exhibit 19: Eaton: Geographical segmentation by revenue 2014
Exhibit 20: EnerSys: Product segmentation by 2015
Exhibit 21: EnerSys: Geographical segmentation by revenue 2015
Exhibit 22: Exide Technologies: Product segmentation
Exhibit 23: HOPPECKE Batterien: Business offerings
Exhibit 24: Su-Kam Power Systems: Business segmentation