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.
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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
Technavio's 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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