Industrial Battery Charger Market: Global Opportunity Analysis and Industry Forecast, 2021-2031 Market

Industrial Battery Charger Market Outlook - 2027

Industrial battery charger is an important component in every industry. In the machines, which contain the battery, there is requirement of charging that battery so that that machine or equipment runs without any interruptions. An industrial battery charger is a device through which electrical energy is transferred to the rechargeable battery or secondary cell by passing electric current. There are various types of industrial chargers, which are used in different industries. The industrial charger type is selected according to the capacity of the battery, which is installed in the electrical or electronic device.

COVID-19 scenario analysis:

• The demand for industrial battery charger is expected to decrease in 2020 due to low demand from different industries, such as electronics and telecommunication, owing to the lockdown imposed by governments of many countries.
• COVID-19 pandemic has shut-down the production of various products in the industrial battery charger industry, mainly owing to the prolonged lockdown in major global countries. This has hampered the growth of the industrial battery charger market significantly from the last few months and is likely to continue during 2020.
• COVID-19 has already affected the sales of equipment and machinery in the first quarter of 2020 and is likely to cause a negative impact on the market growth throughout the year. 
• The major demand for equipment and machinery was previously noticed from giant manufacturing countries, including the U.S., Germany, Italy, the UK, and China, which have been badly affected by the spread of coronavirus, thereby halting the demand for equipment and machinery.
• Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
• Equipment and machinery manufacturers must focus to protect their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

An industrial battery charger offers application in various industries such as electrical & electronics, power sector, telecom industry, and IT. In these industries, different machines are used for which continuous power supply is required. If there is any power loss, it could result into huge loss. Therefore, equipment with batteries are predominantly used in these industries so that the batteries can be charged and continuous running of equipment or machines is possible. There are various types of industrial chargers, such as fast charger, three-stage charger, induction-powered charger, and motion-powered charger, which are used in various industries according to the device or equipment.

A simple charger is a commonly used type of charger among all the types of industrial battery chargers available in the market. It provides pulsed DC power or constant DC power to the battery. These simple battery chargers contain high ripple voltage and ripple current compared to the other types of industrial battery chargers. Simple battery charges are inexpensive and more commonly used across industries.

Another type of industrial battery charger is induction-powered battery charger. It makes use of electromagnetic induction for charging the batteries. Inductive battery chargers are more commonly used in electrical devices, which are used in electronic toothbrushes. Currently, these batteries are used to charge wireless phones. 

The use of electronic and electrical devices is increasing across the globe. Most of these devices contain rechargeable batteries installed in these devices. Therefore, there is high demand for industrial battery chargers from the electronics industry.

Considering the pollution caused by the emission of harmful gases from vehicles, the demand for electrical vehicle is rising in many countries across the globe. Battery in these electrical vehicles needs to be charged after specific time and proper type of vehicle charger must be used. This is the key driving factor for the growth of the industrial battery charger market. 

New product launch to boost the market 

Many companies in the industrial battery market develop and introduce new products in the market. These products are more advanced and efficient compare to the previous range of their products. In May 2020, a leading player in battery manufacturing Delta Q has launched new advanced sealed charger, QC350. This QC 350 is designed to charge the batteries used in electric vehicles. This charger is compact and small in design so that it can be easily used for charging. 

Key benefits of the report:

• This study presents the analytical depiction of the industrial battery charger market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the industrial battery charger market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed industrial battery charger market analysis based on competitive intensity and how the competition will take shape in coming years. 

 Industrial Battery Charger Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights