About Battery Racks
Battery racks are designed to accommodate various types of batteries in it, whether it is an open or closed type of battery, lead-acid (Pb) or nickel-cadmium (NiCd) battery for its horizontal or vertical placement. These battery racks are designed to be tolerant of earthquakes, the racks are solid and rigid, manageable, acid-resistant. The metal bars of the racks are laminated in plastic and provided a protective coating. The racks are manufactured with hinged components and possible customized features, it includes battery enclosure with cabling and series string for current protection and disconnects. As the need for energy technology is increasing the demand for power storage is increasing and hence the global battery rack market is expected to grow in the forecasted year.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
APC by Schneider Electric (United States), Newton Instrument Company (United States), Storage Battery Systems, LLC (United States), EnviroGuard (United States), Sackett Systems, Inc. (United States), Alpine Power Systems (United States), W. W. Grainger, Inc. (United States), Tripp Lite (United States), Amphenol Network Solutions (United States) and Outback Power Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Battery Racks market by Type (Standard Battery Racks, Seismic Battery Racks, Relay Battery Racks, VRLA Battery Racks and Others), Application (Data Center, Home/Office, Network Closet/Server Room, Forklift {Top Loading, Side Loading} and Others) and Region.
On the basis of geography, the market of Battery Racks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channels, the sub-segment i.e. Online will boost the Battery Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Battery Racks market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Battery Racks in Data Centres and Continuous Technological Advancements in Battery Racks
Market Growth Drivers:
Increasing Need for Battery Management Systems and The Growing Demand for Storage of Power Meters
Challenges:
Heavy Weight of Battery Racks will Hamper the Growth
Restraints:
Cos Associated with Battery Racks Might be the Hindrance
Opportunities:
Surging Demand for Battery racks form Developing Industry and Growing Power Generation in Emerging Countries
Market Leaders and their expansionary development strategies
Storage Battery Systems, LLC is partnering with Systems Sunlight S.A. on the introduction of two new batteries at Promat 2019, the premier trade show serving the motive power and material handling industries. The two new batteries are Xtreme Force featuring Copper Stretch Metal and SUNLIGHT LiON FORCE.
Storage Battery Systems, LLC (SBS) has announced the opening of Battery Academy, a new training facility and program that will offer the utility and telecom industries a wide range of training solutions.
"The Occupational Safety and Health Administration (OSHA) regulations for battery installation are provided, which requires ventilation of gases from storage batteries to prevent the accumulation of explosive mixtures. There are no OSHA regulations specifically applicable to the grounding of battery racks; however, the provisions on the grounding of systems and equipment applies generally. These standards are based on the National Electrical Code (National Fire Protection Association Standard NFPA 70), which contains additional details on battery installations in Article 480. It should be noted that OSHA's regulations apply only to workplaces and not to private residences. They have also stated storage requirements and have provided specific guidelines that businesses must follow to ensure the safety of their workers and customer. The guidelines state barrier protection, ventilation, cleanliness, temperature, safety equipment and periodic maintenance of the battery racks."
Key Target Audience
Battery Racks Manufacturers, Battery Racks International Traders, Battery Racks Distribution and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.