Boston, MA -- (SBWIRE) -- 06/16/2016 -- 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.

Get More Details on this Report and a Full Table of Contents at Global Genset Battery Market 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Cummins, Eaton, EnerSys, Exide Industries, Leoch International, Amara Raja Batteries, Generac Holdings, Kohler

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