Global Battery Industrial and Market studies for Inverters 2016-2019
"Global
Battery Market for Inverters 2015-2019"
The Report covers current Market Trends, Analysis, Forecast, Review,
Share, Size, Growth, Effect.
Description-
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?
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