"Actionable Insights to Fuel Your Growth"
An uninterrupted power supply is essential for a higher level of productivity to avoid losses. Frequent power outage or unreliable power supply causes overall performance of the company and hampers the productivity incurred in major losses. The industries and commercial buildings constructing their own substation with the help of batteries to avoid power outage. Substation battery ensures that all the electrical equipment in a substation continue to operate in the event of a power outage.
The DC system is vital component of a high voltage industrial or utility substation. It supplies energy needed to manage the protective devices and high voltage component and allows electrical faults to be safely isolated. Therefore, in many industrial and commercial application substation batteries are deployed to enhance the reliability of power supply and avoid power outage.
To gain extensive insights into the market, Request for Customization
The substation battery market is segmented into type and application. Types are further divided into the lead-acid battery, nickel-cadmium battery, and others. The lead-acid battery is extensively used for in substation owing to its highly reliable performance and matured technology. Industrial and commercial sector accounts the major market of substation battery due to demand for uninterrupted power supply.
Steadily rising demand for uninterrupted power supply from industries and commercial spaces to avoid power losses in order to enhance productivity is boosting the growth of the substation battery market. Many countries across the globe embracing e-mobility for public transportation and promoting e-vehicle along with building battery charging station infrastructure is expected to drive the substation battery market.
Generators are flexible with a wide range of high voltage application, and they are highly reliable as compared to substation battery. Also performance of the battery degrades over the years which negatively impacts the longevity of the battery which limits the growth of the substation battery market.
The major substation battery companies 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 substation battery market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Technological development augmented the growth of the substation battery market in North America. Deployment of batteries in large scale companies to avoid power failure and rising demand for uninterrupted power supply is supposed to enlarge the growth of the substation battery market in North America. Europe is adapting e-mobility for public transportation and promoting e-vehicle to mitigate the rising GHG emission. Auto companies along with government assistance building charging station for e-vehicle is expected to leverage the demand for substation battery market in Europe. The Asia Pacific is dominating the substation battery market owing to rising industrialization and commercialization which needs an uninterrupted power supply to enhance productivity. The steadily rising economy of China and India is also contributing to the growth of the substation battery market. The substation battery market in MEA is expected to grow at steady rate due to lack of infrastructure, low-level income, limited industrial scope which inhibits the growth opportunities.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry