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Global Genset Battery Market 2016-2020

About the Genset Battery Market

Growing urbanization and industrialization have resulted in high demand for power. Industries are rapidly adopting gensets to ensure continuous supply of electric power to facilitate smooth business operations. Usually, the start function of a genset is battery operated. An installed battery charger keeps the battery charged by ensuring the supply of precise float voltage. If the float voltage is low, the battery will remain undercharged. If it is high, then there is a possibility of shortened battery life.

In order to function effectively, genset batteries must have higher power density, long service life quick recharge capability, and low rate of self-discharge. These attributes allow the crank power to start gensets at lower temperatures. Vendors worldwide are manufacturing batteries that offer efficient cranking power.

Technavio’s analysts forecast the global genset battery market to grow at a CAGR of 7.25% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global genset battery market for 2016-2020. To calculate the market size, the report considers the global demand for generator batteries from various end-user applications.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Genset Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cummins
  • Eaton
  • EnerSys
  • Exide Industries
  • Leoch International
Other prominent vendors
  • Amara Raja Batteries
  • Generac Holdings
  • Kohler
Market driver
  • Effective characteristics of genset batteries
  • For a full, detailed list, view our report
Market challenge
  • Hazardous nature of NiCd
  • For a full, detailed list, view our report
Market trend
  • Increase in power generation capacity
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Genset Battery Market 2016-2020

Technavio recognizes the following companies as the key players in the global genset battery market: Cummins, Eaton, EnerSys, Exide Industries, and Leoch International.

Other Prominent Vendors in the market are: Amara Raja Batteries, Generac Holdings, and Kohler.

Commenting on the report, an analyst from Technavio’s team said: “A key trend which is boosting market growth is the increase in power generation capacity. Countries worldwide are in the process of increasing their power generation capacity to reduce their energy dependence and overcome issues related to power blackouts. Many end-users are shifting toward alternative energy forms such as renewable-based installations rather than depending on gensets. Solar PV, wind energy, and other forms of renewable energy are gaining popularity as they prove to be cost-effective solutions compared to diesel gensets. This trend is observed primarily in EMEA and APAC countries, as they are focusing more on the development of alternate sources of energy.”

According to the report, a key growth driver is the effectiveness of genset batteries. One of the key performance attributes required by any battery is high power density. Genset batteries provide high power density that enables them to supply power to large diesel engines at low temperatures by occupying the least space. Another notable feature of genset batteries is their long service life that makes them capable of lasting for several years under continuous trickle charge and be able to fire up the genset whenever required. In addition, genset batteries have quick recharge capability, which is necessary in case of installations where there are frequent power outages.

Further, the report states that one challenge that could restrict market growth is the hazardous nature NiCd. The major drawback in NiCd batteries is their high self-discharge rate. For instance, large battery systems can lead to higher float charge energy costs.

Companies Mentioned

Cummins, Eaton, EnerSys, Exide Industries, Leoch International, Amara Raja Batteries, Generac Holdings, Kohler.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Comparison between lead-acid and NiCd batteries
  • Market landscape
    • Market overview
      • Table Global genset battery market
    • Market size and forecast
      • Table Global genset battery market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
    • Global genset battery market by end-user 2015-2020
      • Table Global genset battery market by end-user 2015
      • Table Global genset battery market by end-user 2020
      • Table Global genset battery market by end-user 2015-2020
    • Global genset battery market in industrial segment 2015-2020
      • Table Global genset battery market in industrial segment 2015-2020 ($ millions)
    • Global genset battery market in residential segment 2015-2020
      • Table Global genset battery market in residential segment 2015-2020 ($ millions)
    • Global genset battery market in commercial segment 2015-2020
      • Table Global genset battery market in commercial segment ($ millions)
  • Geographical segmentation
    • Market overview
    • Global genset battery market by geography 2015-2020
      • Table Global genset battery market by geography 2015
      • Table Global genset battery market by geography 2020
      • Table Global genset battery market by geography 2015-2020
    • Genset battery market in APAC 2015-2020
      • Table Genset battery market in APAC 2015-2020 ($ millions)
      • Table Major telecom tower installations in APAC
    • Genset battery market in Americas 2015-2020
      • Table Genset battery market in Americas 2015-2020 ($ millions)
    • Genset battery market in EMEA 2015-2020
      • Table Genset battery market in EMEA 2015-2020 ($ millions)
  • Market drivers
    • Advantages of lead-acid and NiCd batteries
      • Table Advantages of lead-acid in comparison to NiCd batteries for genset applications
    • Effective characteristics of genset batteries
    • Growing application base
      • Table Application areas of gensets
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Hazardous nature of NiCd
    • Problems related to sulfation
      • Table Sulfation types in genset batteries
    • Strict emission norms by major countries
      • Table Emission standards for diesel engines = 800 kW for gensets in India 2014
      • Table Emission standards for >560 kW gensets in US 2015
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Rising cost of raw materials
      • Table The price trend of lead and nickel 2014-2015
    • Growing presence of local vendors
    • Increase in power generation capacity
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Cummins
    • Eaton
    • EnerSys
    • Exide Industries
    • Leoch International
  • Appendix
    • List of abbreviations
  • Explore Technavio

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