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Substation Battery Market Key Developments, Research Methodology and Top Player Forecast Overview Till 2026

February 13, 2020 | About:

Top Players in Substation Battery Market are Exide Technologies, GS Yuasa International Ltd., Saft, Robert Bosch GmbH, Johnson Controls, Amara Raja Group, EnerSys, Luminous Power Technologies (P) Ltd, Trojan Battery Company, Exide Industries, SolarEdge Technologies, Tesla, HBL Power Systems Ltd

The rising demand for uninterrupted power supply is a crucial factor predicted to spur growth opportunities for the substation battery market, says Fortune Business Insights™ in a report titled “Substation Battery Market Size, Share and Industry Analysis, By Type (Nickel Cadmium Battery, Lead Acid Battery, Others), By Application (Residential and Commercial, Industrial, Utilities) and Regional Forecast, 2019-2026” the increasing adoption of e-vehicle and e-mobility is predicted to accelerate the substation battery market growth during the forecast period.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/substation-battery-market-101494

According to the report, based on type, the substation battery market is classified into the lead-acid battery, nickel-cadmium battery, and others. The lead-acid battery is predicted to account for maximum share in the market owing to its extensive use in substation because of its reliable performance and matured technology. Based on application, the market is classified into residential and commercial, industrial and utilities. The industrial and commercial sector is likely to witness high growth during the forecast period owing to the rising demand for uninterrupted power supply.

Some of the Major Companies in the Substation Battery Market Include:

  • Exide Technologies
  • GS Yuasa International Ltd.
  • Saft
  • Robert Bosch GmbH
  • Johnson Controls
  • Amara Raja Group
  • EnerSys
  • Luminous Power Technologies (P) Ltd
  • Trojan Battery Company
  • Exide Industries
  • SolarEdge Technologies
  • Tesla
  • HBL Power Systems Ltd.

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/substation-battery-market-101494

The report on the substation battery market focuses on illustrating a comprehensive assessment of the market and contains facts, thoughtful insights, historical information, industry-validated market information, and projections with a suitable set of assumptions and methodology.It offers revealing insights into all the significant developments of the market. It shares a complete overview of all the segments and parts of the market and also provides statistical data on all the regions. It is put together after extensive research, followed by an all-encompassing analysis to benefit companies, stakeholders, financers, and potential investors. Moreover, it also includes product launches, acquisitions, collaborations and partnerships, and industry developments.

Development of New Battery Plant by Indian Oil to C Growth Opportunities

The announcement of the 1GW electric vehicle battery plant by Indian Oil is predicted to bolster the healthy growth of the market during the forecast period. For instance, in August 2019, Indian Oil announced to build a 1GW electric vehicle battery plant with a globally acclaimed start-up company. The move will assist in government vision of green mobility and facilitate the adoption of EV’s in the country. Furthermore, the acquisition of Kokam by SolarEdge is predicted to enable speedy growth of the market. For instance, in October 2018, SolarEdge acquired a 75% share of South Korean battery manufacturer company Kokam for $88 million and intended to buy remaining stakes in the future. In addition, the rising demand for uninterrupted power supply from industries and commercial spaces to avoid power losses to enhance productivity is predicted to augment the growth of the market during the forecast period.

However, the rising popularity of generators owing to their wide range of high voltage application and reliability compared to substation battery is a factor to restrict the growth of the market in the forthcoming years. Additionally, the performance of the battery degrades over the years which negatively impacts the longevity of the battery and limits the growth of the substation battery market.

Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/substation-battery-market-101494

Rising Technological Advancement to Facilitate Growth in North America

Geographically, the substation battery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Rising technological advancement is predicted to augment the growth of the market in North America. Deployment of batteries in large scale companies to avoid power failure and increasing demand for uninterrupted power supply is expected to bolster the growth of the substation battery market in North America. The increasing adoption of e-mobility for public transportation and the rising popularity of e-vehicle to mitigate the growing GHG emission is predicted to boost the substation battery market revenue. Asia Pacific is anticipated to dominate the substation battery market owing to rising industrialization and commercialization. The steadily rising economy of China and India is also predicted to contribute to the growth of the substation battery market. The substation battery market in MEA is expected to grow at a considerable rate due to lack of infrastructure, low-level income, limited industrial scope which inhibits growth opportunities.

Key Segmental Overview:

  • By Type
  • By Application
  • By Geography

Regional Analysis:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Ask for customization https://www.fortunebusinessinsights.com/enquiry/customization/substation-battery-market-101494

Major Table of Content For Substation Battery Market:

  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Substation Battery Market Analysis, Insights and Forecast, 2026
  6. North America Substation Battery Market Analysis, Insights and Forecast, 2026
  7. Europe Substation Battery Market Analysis, Insights and Forecast, 2026
  8. Asia Pacific Substation Battery Market Analysis, Insights and Forecast, 2026
  9. Middle East and Africa Substation Battery Market Analysis, Insights and Forecast, 2026
  10. Latin America Substation Battery Market Analysis, Insights and Forecast, 2026
  11. Competitive Landscape
  12. Company Profile
  13. Conclusion

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

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