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. Technavio's 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.
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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
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Radiant Insights Inc. is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street,
Suite 3036 San Francisco,
CA 94105 United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Website: http://www.radiantinsights.com/
Email: sales@radiantinsights.com
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. Technavio's 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.
Click Here For Complete Report @ http://www.radiantinsights.com/research/global-battery-market-for-inverters-2015-2019
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
Browse More Categories @ http://www.radiantinsights.com/catalogs
About Us:
Radiant Insights Inc. is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street,
Suite 3036 San Francisco,
CA 94105 United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Website: http://www.radiantinsights.com/
Email: sales@radiantinsights.com
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