Energy and Power

Global Battery Market for Inverters 2015-2019

  • TEC339884
  • 75 Pages
  • October 2015
  • Energy and Power
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
Eaton
EnerSys
Exide Technologies
HOPPECKE Batterien
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.

Related reports

Global Solar PV Inverter Market: Research Scope 2015-2019
Global Battery Energy Storage Market for Renewables 2015-2019
Global Battery Market for Energy Storage in Telecom 2015-2019
Global Battery Market for UPS 2015-2019
Global Battery Market for ESS - Market Analysis 2015-2019
Please Select Format

Enquiry About Report

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

World Fault Current Limiter Market - Opportunities and Forecasts, 2014 - 2020

Fault current limiter (FCL) minimizes the occurrence of fault currents and is a vital protection component in modern T&D networks to function properly. Growing concerns for reliable & efficient power supply ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World High Voltage Capacitors Market - Opportunities and Forecasts, 2014 - 2020

High Voltage (HV) capacitors consists of TRV capacitors, grading capacitors, coupling capacitors others, which serve various applications such as in power generation & distribution. Enhanced and modern grid infrastructure in order ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World Subsea Systems Market - Opportunities and Forecasts, 2014 - 2020

Subsea systems consists of ideal solutions for great oil recovery in maturing offshore wells by offering cost effective, and maintain the stability of offshore basins. Subsea processing systems comprise subsea ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World DC Drives Market - Opportunities and Forecasts, 2014 - 2020

DC drive is defined as an electric device, which is used for controlling the speed of DC motors by adjusting the input voltage or amperage or both. Reduction in operational ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World Screw Compressor Market - Opportunities and Forecasts, 2014 - 2020

Screw compressors consists of two helical rotors which are used in compressing external air to a set pressure, ensuring dry, clean, and compressed air.

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

World AC Drives Market - Opportunities and Forecasts, 2014 - 2020

Alternate Current (AC) drives are electronic devices that control the speed & torque of an electric motor by alternating parameters such as voltage, frequency & magnetic flux. Optimizing energy consumption ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

2017 © Copyright Big Market Research

View Pricing >>