Market Overview:
The global battery equalizer market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and the growing trend of energy storage systems. Based on type, the global battery equalizer market can be segmented into 12V, 24V, and more than 24V. The 12V segment is expected to account for a major share of the global battery equalizer market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. Based on application, the global battery equalizer market can be divided into VRLA, LFP, Ni / CD, Ni / MH and others segments.
Product Definition:
A battery equalizer is a device used to maintain the voltage of a battery pack by distributing charge equally among the cells in the pack. The equalization process helps to prevent one or more cells from becoming overcharged, which can lead to cell damage or failure.
12V:
12V is the voltage range that all car batteries fall under. The majority of automotive batteries are 12V and there are several reasons for this. For one, it makes charging any device that uses a car battery easy because they all plug into a 12V outlet.
24V:
The 24V battery is used in the market as a source of equalization for batteries with less than 12V. It helps to balance the charge and discharge rates of all batteries connected in series or parallel. The 24V battery has two connections that can be utilized to supply voltage; one positive and one negative terminal.
Application Insights:
The long-distance powerline communication (LDPC) segment is projected to witness significant growth over the forecast period. LDPC systems use optical fiber cables for data transmission that require a constant supply of electricity. The growing adoption of LDPC in telecom networks across various regions is anticipated to drive the market growth over the coming years.
The long-form patrol car application segment accounted for a major share in 2017 and is expected to grow at a steady CAGR from 2018 to 2030 owing to increasing demand from police departments around the world for providing safety and security, especially during nights and weekends. Growing concerns about road accidents, rising alcohol consumption among drivers, as well as pedestrians are some of the factors driving this segment at present.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period owing to increasing demand for battery equalizers from various end-use industries such as transportation, industrial, and communication. The growing adoption of electric vehicles has led to an increase in the requirement for battery charging stations across countries such as China and India. This will drive the regional market growth over the forecast period.
North America accounted for more than 25% of revenue share in 2017 owing to high product demand from renewable energy infrastructure projects mainly across U.S.
Growth Factors:
- Increasing demand for electric vehicles
- Growing demand from the renewable energy sector
- Rising popularity of smart grids and microgrids
- Proliferation of battery storage systems
- Advances in battery technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Equalizer Market Research Report
By Type
12V, 24V, More than 24V
By Application
VRLA, LFP, Ni / CD, Ni / MH, Others
By Companies
Eaton, Muller Industries, Victron Energy, Vanner, Su-Kam Power Systems, EAPRO Global, Taico Power, AQ-TRON, ZHCSolar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Battery Equalizer Market Report Segments:
The global Battery Equalizer market is segmented on the basis of:
Types
12V, 24V, More than 24V
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
VRLA, LFP, Ni / CD, Ni / MH, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eaton
- Muller Industries
- Victron Energy
- Vanner
- Su-Kam Power Systems
- EAPRO Global
- Taico Power
- AQ-TRON
- ZHCSolar
Highlights of The Battery Equalizer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 12V
- 24V
- More than 24V
- By Application:
- VRLA
- LFP
- Ni / CD
- Ni / MH
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Equalizer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Battery Equalizer is a software that helps you optimize the performance of your battery. It identifies which apps are using the most power and makes adjustments to reduce their impact on your battery life.
Some of the major players in the battery equalizer market are Eaton, Muller Industries, Victron Energy, Vanner, Su-Kam Power Systems, EAPRO Global, Taico Power, AQ-TRON, ZHCSolar.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Equalizer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Equalizer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Equalizer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Equalizer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Equalizer Market Size & Forecast, 2020-2028
4.5.1 Battery Equalizer Market Size and Y-o-Y Growth
4.5.2 Battery Equalizer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 12V
5.2.2 24V
5.2.3 More than 24V
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 VRLA
6.2.2 LFP
6.2.3 Ni / CD
6.2.4 Ni / MH
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Equalizer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Equalizer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 12V
9.6.2 24V
9.6.3 More than 24V
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 VRLA
9.10.2 LFP
9.10.3 Ni / CD
9.10.4 Ni / MH
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 12V
10.6.2 24V
10.6.3 More than 24V
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 VRLA
10.10.2 LFP
10.10.3 Ni / CD
10.10.4 Ni / MH
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 12V
11.6.2 24V
11.6.3 More than 24V
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 VRLA
11.10.2 LFP
11.10.3 Ni / CD
11.10.4 Ni / MH
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 12V
12.6.2 24V
12.6.3 More than 24V
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 VRLA
12.10.2 LFP
12.10.3 Ni / CD
12.10.4 Ni / MH
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 12V
13.6.2 24V
13.6.3 More than 24V
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 VRLA
13.10.2 LFP
13.10.3 Ni / CD
13.10.4 Ni / MH
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Equalizer Market: Competitive Dashboard
14.2 Global Battery Equalizer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eaton
14.3.2 Muller Industries
14.3.3 Victron Energy
14.3.4 Vanner
14.3.5 Su-Kam Power Systems
14.3.6 EAPRO Global
14.3.7 Taico Power
14.3.8 AQ-TRON
14.3.9 ZHCSolar
