PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Introduction of New Chemistries and Applications Aids Development of Global Industrial Batteries Market Finds Frost & Sullivan - Strong demand in the long term will arise from advanced grid-level energy storage applications - PowerSupplies.Frost.com
Introduction of New Chemistries and Applications Aids Development of Global Industrial Batteries Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Singapore, Singapore, 2013/10/23 - Strong demand in the long term will arise from advanced grid-level energy storage applications - PowerSupplies.Frost.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

The global industrial batteries market is evolving rapidly as the trend toward sustainability leads to the introduction of new battery chemistries and applications, focusing on increasing battery energy density and battery life. Expanding product portfolio in new applications and battery chemistries and exploring newer geographies will be crucial to achieve growth since the market is likely to witness strong competition as companies try to increase their global presence.

New analysis from Frost & Sullivan (powersupplies.frost.com) Global Industrial Batteries Market, finds that the market earned revenues of US$15.36 billion in 2012 and estimates this to reach US$21.98 billion in 2017. Of the different end-user segments, which includes telecom and data communication, uninterruptible power supply, industrial equipment, medical devices, aerospace and defense, telecom and data communication as well as grid level energy storage are expected to be key growth sectors. Asia-Pacific will be the biggest regional market.

The increasing use of new equipment across different sectors has not only augmented the uptake of industrial batteries but has also led to the upgrading of existing batteries.

"Advanced applications such as energy storage create new markets, as utilities are driven to provide better utility services and increase renewable energy penetration in the grid, that boosts demand for batteries in the long term," says Vishal Narain T, Industry Analyst for Frost & Sullivan's Energy and Environmental practice. "Moreover, battery manufacturers that traditionally offered only lead acid batteries are looking to diversify and add newer chemistries such as lithium ion and sodium nickel chloride to their portfolio inorganically and through greenfield expansion," he added

However, concerns regarding the safety and business viability of new chemistries peg back the market growth of newer chemistries to a certain degree. Lithium-ion and sodium-sulfur batteries were suspected of causing fire accidents in industrial and vehicle applications. The battery-related problems witnessed in the Boeing Dreamliner that also led to widespread caution in adopting newer chemistries. Although these problems have been rectified, new industrial battery chemistries are still viewed skeptically.

In addition, the Eurozone debt crisis has affected major industrial battery firms in Europe and the supply markets in Asia-Pacific and other developing regions. As competition heats up further, owing to decreasing prices and the growth of domestically focused firms, battery suppliers will be compelled to engage in mergers and acquisitions to stay competitive.

"Market leadership is likely to shift to companies with robust product portfolios that can cater to strong future application segments," added Narain. "Battery manufacturers must broaden their presence in high-growth markets that are on the cusp of technological evolution, where end users are looking for better products."

Global Industrial Batteries Market is part of the Power Supplies & Batteries Growth Partnership Service program. Frost & Sullivan's related research services include: Asia-Pacific Lithium-Ion Batteries Market, Asia-Pacific Energy Storage Systems Market, Central and Eastern European Uninterruptible Power Supply (UPS) Market, European Battery Technologies for the Telecom Market, Global UPS Market, European Marine Generator Set Market, Argentinean and Chilean UPS Market, Mexican Market For Diesel Generators, and Global Non-renewable Inverter Market, among others. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Global Industrial Batteries Market / P71A-27

Media Contacts:
Melissa Tan, Corporate Communications - Asia Pacific
P: +65 6890 0926 / F: +65 6890 0999 - E: melissa.tan[.]frost.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Introduction of New Chemistries and Applications Aids Development of Global Industrial Batteries Market Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Donna Jeremiah / Carrie Low 
+61(2) 8247 8927 / +603 6204 5910 djeremiah[.]frost.com / carrie.low[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

LANXESS Adds New Closed Circuit Reverse Osmosis (CCRO) Module to its Innovative LewaPlus Design Software
Infineon Partners with Smart Wires to Shape Up Existing Grids for Renewables
SCHOTT Launches New High-powered Laser Glass with Improved Thermomechanical Strength and Optical Performance
ITT Veam to Showcase Innovative Rail Interconnect Solutions at APTA EXPO 2017
BASF Receives EPA Approval for Fourth Application of Lexicon Intrinsic Brand Fungicide
Atlas Copco Completes Divestment of Road Construction Equipment Business
Rockwell Automation Takes Manufacturing Decision-Making from Hours to Milliseconds with Industrial IoT Technologies
Tripp Lite 3-Phase Rack ATS PDUs Receive Gold Innovation Award from Cabling Industry Group
ITT Enidine to Display Vibration Isolation and Energy Absorption Solutions At Helitech 2017
Rockwell Automation to Showcase Smart Automation Technology at WEFTEC 2017
Borealis to Proceed to Next Phase for New, World-scale Propane Dehydrogenation Plant in Belgium
SCHOTT Expands U.S. Manufacturing with Investment in New Generation of Pharma Vials
BASF’s Keropur DP Detergent Technology is Approved for Auto Industry’s TOP TIER Diesel Standard
Growth in Infrastructure and Construction Sectors Boost Demand for Paints and Coatings in India Finds Frost & Sullivan
Enidine and Aerospace Controls to Display Rate Controls, Fluid and Environmental Control Systems and Solutions At Aircraft Interiors Expo 2017

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  RightITnow Ltd





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)