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22 Nov 2018  |  Global
Rising Adoption of Electric Vehicles and Increasing Popularity of Renewable Energy Integration Drives BMS Demand
Battery management systems (BMS) are critical to ensure the safe and reliable operation of batteries, especially in advanced applications. The BMS market mirrors the growth of the battery market, and it is expected to grow steadily throughout the forecast period due to the increasing adoption of electric vehicles (xEVs), rising popularity of batter...
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16 Nov 2018  |  Global
Efficient Power Quality Driving the Demand for Harmonic Filters
A harmonic filter is used to eliminate the harmonic distortion caused by electrical appliances. The role of harmonic filter is critical of the commercial and industrial sector as it can cause malfunctioning of the system, leading to downtimes and increases in operating costs. With latest technological advances and upgrades of infrastructural reform...
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24 Aug 2018  |  Global
Despite Penetration from Lithium-ion, Lead-acid Battery Will Dominate Deep Cycle Application
The well-established global motive lead acid battery market is expected to witness a CAGR of 4.2% between 2017 and 2024. Material handling equipment is the key application using lead acid batteries, globally. Increase in eCommerce models is driving the need for warehouse. These warehouses need electric forklift for indoor operation that boosts the ...
09 Apr 2018  |  Global
T&D Infrastructure Investments in Developing Regions and Aging Grid in Developed Regions Spur Market Demand
A transformer is an electrical device that transfers electrical energy between two or more circuits through electromagnetic induction. The total global transformers market is forecast to register a CAGR of below 5% from 2017 to 2022. During the forecast period, the power and distribution transformer segments are expected to witness strong growth be...
28 Mar 2018  |  Global
With Increasingly Favourable Market Conditions, Rapid Price Reductions and Rampant Technological Innovation, the Global Residential Battery Storage Market Will Show Dramatic Growth Till 2022
The residential battery storage market is expected to show enormous growth over the period of 2016 to 2022, from a market of USD744 million in 2016 to USD3.6 billion by 2022. The market is being spurred on by feed-in tariff and net metering revisions in historic residential PV hotspots, subsidies and tax incentives, rapid price reductions in lithiu...
27 Mar 2018  |  Global
Growing Solar PV Installations in Asia to Drive Inverter Market Growth
The rapid expansion of renewables based power generation is expected to play a significant role in the growth of the inverter market in the coming years. The market is expected to grow steadily over the medium term and decline after 2020. The growth will be driven mainly by solar photovoltaic (PV) installations mainly in Asia and North America whic...
01 Mar 2018  |  Global
Solar Photovoltaic (PV) Gains Momentum as a Globally Irreversible Mainstream Energy Source
This research report presents the Global Solar Power Market, with a specific focus on solar photovoltaic (PV). The study includes an in-depth analysis of the solar power market with a specific focus on eight regions—North America, Europe, Latin America, Asia-Pacific, China, India, Africa, and the Middle East. End-user groups are residential, comm...
09 Feb 2018  |  Global
Telecom, Data Center, and Backup Applications Boost Battery Demand
The stationary lead-acid battery is an important and the most dominating chemistry with revenues in billions of dollars in 2017. Telecom, data center, and UPS applications are driving the demand for efficient, cost-effective, reliable, and long-standing solutions. Lead-acid battery, with all its desirable features, including affordability and avail...
12 Jan 2018  |  Global
Growth in Renewable Energy and Distributed Generation to Drive the Global Industrial Battery Market
The global industrial battery market is a well-established one which is expected to grow at a CAGR of 7.1% between 2014 and 2023. The major factors driving industrial batteries are the surging demand from energy storage and stationary applications, reinforced by advancements in battery technology. Industrial batteries for grid storage represent a u...