The global industrial generator sets market is poised to gain immense momentum over the coming years, owing to growing energy demands across a plethora of industries such as oil and gas, mining, transport & logistics, manufacturing, and others. According to the Energy Information Administration, the industrial sector accounts for 29% of the overall electricity consumption in the United States.
North America Industrial Generator Sets Market Size, By Fuel, 2018 & 2025 (USD Million)
Continuous and reliable power supply is one of the most vital requirements for industries in order to ensure maximum performance. Even a brief power outage can lead to significant losses in terms of revenue and productivity. Given the consequences of a power failure, companies invest substantially in back-up power systems, which will help drive industrial generator sets market share.
Heavy investment in infrastructural development, particularly in emerging economies, will support industry growth. Economic growth depends heavily on optimum infrastructure, including roads, power systems, railways, and airports. The demand for robust back-up power systems from the construction sector will propel industrial generator sets market size.
The construction sector is one of the significant end-users of the industrial generator products. Construction boom across emerging economies like India and China will further support market growth. Due to the burgeoning demand for housing, the construction industry in India and China is predicted to grow at a decent pace throughout 2020. Deployment of industrial gensets for large scale construction projects will further amplify industrial generator sets industry share.
Mining end-use segment is projected to emerge as a leading contributor towards industrial gensets market. Resource-rich countries like Canada and Australia accounted for 14 percent and 13 percent of the global mining exploration expenses. Rapid development in mining processes and increasing adoption of automated solutions and high-performance machinery will accelerate mining equipment market share, which in turn will boost global industrial generator sets industry growth.
According to experts, the oil & gas sector is set for a huge operational overhaul through the adoption of technology and digitization. Market players in this business space are digitizing mechanical processes through robotic process automation. Deployment of such technologies would boost the need for industrial generator sets within the oil & gas industry, thereby boosting market growth.
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The natural gas industrial generator sets market is estimated to attain massive impetus owing to increasing focus on energy efficiency, further supported by regulations concerning environmental conservation and green energy. For instance, New York has introduced new climate targets including net-zero carbon emissions by 2050 and carbon-free electricity by 2040. This will accelerate the adoption of natural gas industrial generators in the region.
The United States industrial generator sets market is anticipated to expand over the coming years. The country is home to several major manufacturing plants and is also the world’s second largest coal producer. The vast industrial base in the nation will generate huge demand for industrial gensets from mining, manufacturing, and other sectors.
Major industrial players from developed nations are seeing huge potential in emerging economies such as India, China, and other ASEAN nations, which is a positive sign for Asia Pacific industrial generator sets market growth.
Government efforts to boost the economy will serve a pivotal push toward industrial growth. For instance, India’s new industrial policy aims to establish nation as a global manufacturing hub. The policy will also encourage the adoption of advanced technologies like robotics and artificial intelligence among existing industries, which will drive the nation’s demand for uninterrupted power-supply, thereby boosting industrial gensets demand.
Unlike residential or commercial gensets, industrial gensets are designed to withstand extreme usage for extended periods. These come in various power rating ranging from 75 kVA to 750 kVA and have an ability to stay active in events of major power outages, which makes them an ideal choice for manufacturing plants across the world. Hence, the constant demand for reliable power supply from textile, automotive, chemical, and food manufacturing industries will continue to foster market growth.
A research report by Global Market Insights, Inc. projects industrial generator sets market to be worth more than 13 billion by 2025.
Author Name : Krithika Krishnan
Home standby gensets market to garner substantial proceeds by 2025 subject to the availability of technologically-superior products, U.S. to be the chief growth terrain
The worldwide home standby gensets market share has been demonstrating an appreciable growth pattern in the recent years owing to severe weather conditions. Not to mention, the industry is also gaining traction due to continued underinvestment in the electric grid and the increasing demand for uninterruptible power supply from almost all energy-intensive business verticals. It has also helped that these gensets are recognized as cost-efficient and easier to install than the other alternatives of power generation.
North America Home Standby Gensets Market Size, By Fuel, 2018 & 2025 (USD Million)
The increasing consumer preference for home standby generators over portable home generators is fueling the home standby gensets market trends
In the last few years, the manufacturers of home standby generators have taken a lead in terms of technological advancement over the makers of portable home generators. Featuring A/C shedding and load management options, home standby gensets now allow longer maintenance intervals, muffle sound to residential-friendly levels, demonstrate economical usage of fuel, and are better on numerous other fronts compared to portable home generators. For instance, the Kohler 14RESAL is known as one of the quietest standby generators tested in the recent times. It comes with a transfer switch, a warning indicator, and an add-on module which enables the user to monitor the status of the generator from anywhere using a Windows PC.
Elaborating further on the various types of Kohler standby generators, it has been observed that these gensets are designed for a more permanent solution to power outages and can connect automatically in case of a blackout. Moreover, standby generators further run a weekly assessment test to verify if they can respond well to an outage. In this context, it has to be noted that there are many other brands of standby gensets other than Kohler standby generators which come equipped with advanced technical capabilities. For instance, the Generac 6237 is one such standby genset which has the feature of low-oil shutoff with a warning indicator. Apparently, the Generac standby generators provide 7,000 watts of power by utilizing natural gas and another 1,000 watts by utilizing propane.
All the aforementioned characteristics are missing in portable home generators which has driven up the sale of home standby gensets. In addition to this, the introduction of technologically-superior standby generators by prominent industry players is changing the face of the product range of this business vertical. Undeniably, these factors are bound to positively impact the remuneration scale of the global home standby gensets industry, which is forecast to exceed USD 5 billion by 2025, as per trusted estimates.
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How are the adverse consequences of climate change proving beneficial for the U.S. home standby gensets industry?
The U.S. has a very long history of hurricanes devastating its coastal states and disrupting the economy of the overall nation. While the number of hurricanes has remained nearly the same over the past few years, there is growing evidence that the warming of the atmosphere and upper ocean is creating conditions ripe for more destructive and fiercer hurricanes. The climate emergency is tinkering with hurricanes in different ways, resulting in a greater number of the most severe category four and five storms which predominantly vandalize the power transmission lines.
In view of such a scenario, standby gensets play a significant role in ensuring uninterrupted power supply across residential areas. Moreover, they are generally cheaper and quicker to install than solar systems or other alternative power sources. Therefore, the home standby gensets market has assumed an important place in the discussions about disaster preparedness and climate change. The revenue share of this business vertical in the U.S. is exhibiting an upward trajectory as can be observed in a comprehensive research report published by Global Market Insights, Inc. Apparently, the U.S. home standby gensets industry share is set to surpass the 1-billion-dollar mark by the year 2025.
Author Name : Saif Ali Bepari
U.S. oil pipeline infrastructure market valuation to amass hefty proceeds by 2025, regional industry to be characterized by the rising number of exploration activities
The global oil pipeline infrastructure market has emerged as one of the most lucrative investment avenues owing to the increasing demand for oil from a number of industrial sectors across the globe. Oil is still heavily used in transportation and petrochemicals are further utilized to manufacture a plethora of different products used in our day-to-day lives, including medicines, plastics, furniture, appliances, solar panels, wind turbines and cosmetics. With demand coming from such high appetite industries; it comes as no surprise that the level of oil consumption has grown substantially over the last few decades.
Asia Pacific Oil Pipeline Infrastructure Market Size, By Diameter, 2018 & 2025 (USD Million)
In fact, according to Forbes, the International Energy Agency discovered that global oil demand has been rising by approximately 1.3 million barrels per day (b/d) annually for the last 50 years. Moreover, by 2025, the world would be utilizing approximately 3.2 million gallons of oil-based liquids every minute.
Such a massive boost in consumption would require an equally adequate oil pipeline infrastructure to be able to fulfil the demand, warranting a rise in pipeline infrastructure investment which would invariably foster oil pipeline infrastructure market growth.
Impact of the gap between U.S. oil production & infrastructure on global oil pipeline infrastructure market
The United States has been witnessing a massive boom in oil & natural gas production as shale companies started drilling hundreds of new wells since 2008. This sizable boost in production comes as a blessing to the region in one particular aspect that oil & gas would be accounting for a majority of the U.S. energy at least up until 2050.
The Gap: According to a Forbes report, the region has witnessed a 140% growth in oil & 50% natural gas production since 2008. However, despite oil pipeline infrastructure across the U.S. exceeding the 450,000 kilometers, the midstream infrastructure responsible for transporting the new supply across the nation has struggled to keep up.
The Demand: The considerable inadequacies of the oil pipeline infrastructure in the region creates a massive hurdle for the oil & gas industry when transporting oil across the nation. However, given the fact that pipelines are known to be one of the safest & most affordable methods of transporting energy, the industry is slated to boost investments and overcome the hurdle and facilitate oil pipeline infrastructure market growth in forthcoming years.
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Impact of APAC’s Insatiable oil demand on the global oil pipeline infrastructure market
According to the International Energy Agency, the ever-expanding global economy is expected to promote a solid growth in oil demand, especially across regions with developing economies like the APAC.
The Connection: According to the International Monetary Fund, the global economy is expected to progress at a commendable y-o-y growth rate of 3.9% in forthcoming years and strong & rapidly growing economies would in turn consume more oil. In fact, the International Energy Agency expects demand to grow at an average yearly rate of 1.2 million barrels per day by 2023, with India & China accounting for 50% of the global demand.
The Growth: As the aforementioned statistics reveal a strong correlation between a nation’s economic growth and its oil consumption, it is apparent that the APAC oil industry would be expanding at a significant pace in the years to come. Such large consumption demand would require a robust network of oil pipeline infrastructure – a factor that would foster the expansion of oil pipeline infrastructure market share.
The MVP: India is projected to emerge as one of the world’s largest consumers of petroleum products, especially crude oil. This prediction can be corroborated by the estimates published by the Indian Brand Equity Foundation which claims that India’s oil imports rose substantially to $87.37 billion during FY17-18 from the $70.72 billion it was during the FY16-17.
Owing to such rapidly increasing volume of oil imports, India is expected to contribute significantly to the growth of the oil pipeline infrastructure market over the forecast timeframe.
In fact, propelled by increasing consumption & demand from nations such as the U.S, China & India, the growth graph of the global oil pipeline infrastructure market is slated to witness substantial gains in coming years. According to estimates, the global oil infrastructure market size is projected to exceed the remuneration figure of $135 billion by 2025.
Author Name : Akshay Kedari
How have stringent regulatory norms and APAC’s power generation sector contributed to increasing flue gas desulfurization systems market size?
As nations worldwide are imposing strict emission norms over industries, flue gas desulfurization systems market size will witness exponential growth over the coming years. Indeed, sulfur dioxide (SO2) gas represents a key air pollutant that can severely degrade air quality. Coal-fired power plants are the main contributors of this lethal gas in the atmosphere, and in high volumes SO2 could have an adverse effect on human health as well as on the environment by causing increased cases of acid rains.
North America Flue Gas Desulfurization (FGD) Systems Market, By Technology, 2018 & 2025 (USD Million)
With stringent emission norms, industries are increasingly incorporating air quality control systems such as flue gas desulfurization (FGD) to lower sulfur dioxide content from emissions produced via various procedures involved in these businesses. Reports suggest that flue gas desulfurization technology can remove up to 98% of the sulfur gases from smokestacks and in some cases, produce commercial products with the residue.
With a surge in power consumption, several countries are investing actively in their thermal power generation sector which will foster flue gas desulfurization systems market size in the coming years. For instance, in 2019, India’s Cabinet Committee on Economic Affairs cleared the proposal for investing Rs 10,439.09 crore for the 1320 MW Buxar Thermal Power Project in Bihar and an Rs 11,089.42 crore investment for the 1320 MW Khurja Super Thermal Power Plant in Uttar Pradesh and the Madhya Pradesh based Amelia Coal Mine. Additionally, nations worldwide are focusing more on maintaining their ambient air quality index thus enhancing flue gas desulfurization systems market growth.
Key trends that will help expand the flue gas desulfurization systems industry size:
Increased demand for wet flue gas desulfurization systems in coal-fired plants:
Notably, wet flue gas desulfurization technology has been one of the most used SO2 reduction systems in coal-fired power plants, utilities, paper mills, and chemical factories. This method mainly involves the use of lime or limestone as a reagent owing to its acidic gas removing capability. In fact, over 90% of all U.S. flue gas desulfurization (FGD) systems use lime or limestone and this trend is likely to continue into the next phase of mandated reduction in SO2 emissions from coal-fired power plants.
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With growing demand, many flue gas desulfurization systems industry players worldwide are also focusing on developing more advanced wet flue gas desulfurization (WFGD) systems to enhance their system’s offering. For instance, General Electric has introduced a steam power systems WFGD-Open Spray Tower (OST) that offers lower power consumption and has smaller dimensions compared to its previous model, offering close to zero emissions.
Additionally, in 2018, the company had announced the completion of its first wet flue gas desulphurization (WFGD) unit at power giant National Thermal Power Corp’s 500 MW Super Thermal Power project in Madhya Pradesh, India. Similar advancements are expected to boost wet flue gas desulfurization segment growth, in turn supplementing flue gas desulfurization systems market size.
Flue gas desulfurization systems market to register significant proceeds from the expansion of power generation sector in APAC
Reportedly, India ranks third among the world’s largest emitters of greenhouse gases (GHGs), following China and the U.S. The country’s energy sector comprises electricity production, manufacturing industries, transport sector and fugitive emissions that have contributed to around 71% of its total GHG emission. However, compliance with the new emission norms could lead to retrofitting of existing thermal power plants with auxiliaries SOx and NOx emissions control systems like Flue Gas Desulfurization (FGD).
For instance, the Central Electricity Authority (CEA) recently identified about 300 operational units, totaling about 120 GW, wherein flue gas desulfurization needs to be installed in a phased manner by 2022. The initiative is anticipated to entail an investment of about Rs 50,000 crore, that would provide a considerable boost for flue gas desulfurization systems industry.
Moreover, to comply with the emission standards, power producers will require to make significant investments for installing pollution control technologies, creating an industry opportunity worth around Rs 2500 billion for the pollution control equipment industry, over the next 15 years, claims the Federation of Indian Chambers of Commerce and Industry (FICCI) reports.
Citing a recent investment, in 2018, India’s power major National Thermal Power Corp. (NTPC) offered a Rs 567 crore order to EPC player Reliance Infrastructure to build an FGD plant at its 1500 MW (500 MW x 3) power plant in Haryana. Investments such as these validate that sheer growth prospects in the region for FGD and in turn for flue gas desulfurization systems market size.
Flue gas desulfurization system is used to remove oxides of sulfur from power plants emission and other industrial processes that burn coal to produce steam for process heating and electricity generation. Though the world is increasingly veering towards the use of renewable energy resources, recent findings show that over the last five years, the World Bank has actually increased its investments in fossil fuels. Yet as the threat of global warming is too real to be ignored, stringent emissions norms are anticipated to augment the global flue gas desulfurization systems industry size in the forthcoming years.
Author Name : Mateen Dalal
Surgical robots market to register double-digit CAGR over 2019-2025, technological advancements in medical robotics to drive industry expansion
With technological advancements all set to revolutionize healthcare in the coming years, surgical robots market is anticipated to capture a significant share of the changing medical industry. Of late, precision robots have been able to make minimally invasive surgeries a reality and are being increasingly used in the fields of urology, gynecology, oncology, gastroenterology, thyroid, bariatric, colon and rectal surgeries. Not only does robotic surgery vastly assist doctors in increasing dexterity and reducing fatigue, advancement in robotic technology recently made it possible for the surgeon to conduct the world’s first telerobotic surgery from 32 kilometers away.
U.S. Surgical Robots Market Size, By Component, 2018 & 2025 (USD Million)
Besides such ground breaking progress, surgical robots have been involved for long procedures like knee and hip replacement. For instance, Mako Surgical, the Michigan based orthopedic device giant recorded nearly 76,900 knee and hip replacement procedures in 2018 with 650 Mako robots placed around the world.
Surgical robots market is expected to gain a massive CAGR over 2019-2025 as current trends in healthcare have conclusively indicated that robotic surgery is the future of surgical procedures. There are several prominent factors that will be adding palpable stimulus to the surgical robots industry, the chief among them being a rapidly expanding geriatric population. The aging of the baby boomer generation has affected many aspects of the healthcare sector primarily due to the fact that older individuals tend to require more healthcare services including surgeries. Demographic trends such as the aging of millennials, especially female millennials should also be taken into consideration as far as surgical robots industry projection over the coming years is considered, as hysterectomies are most commonly conducted on women in their early 40s and medical robots are often used in such procedures.
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Prominent surgical robots like Da Vinci, developed by robotic surgery company Intuitive Surgical, completed 5 million surgeries in 2018 through the more than 4,500 surgical robots sold by the company worldwide. Intuitive Surgical, the Sunnyvale, California based company holds a dominant position in the surgical robots industry and in 2019 made it to the headlines as it undertook steps to expand its footprint in Sunnyvale investing over $15 million for expanding its area by 36,000 sq.ft. Such investments not only underline Intuitive’s massive success in the manufacturing of advanced medical devices but also the return of investment promised by robotic surgery in the future.
Since experts in the medical field consider robotic surgeries to be the future of myriad surgical procedures, various surgical robotic companies such as TransEnterix, Mazor Robotics, Stryker, Medrobotics are striving to capture larger share in the surgical robots market. For instance, in late 2017 TransEnterix gained FDA approval for its Senhance robotic surgery system that has the potential to challenge the Da Vinci surgical system in the future. Medtronic, the medical-device giant, with its acquisition of Mazor Robotics, plans to launch its own robotic surgical system that is anticipated to present a challenge to Intuitive Surgical.
Johnson & Johnson has made its foray into robotic surgery with the acquisition of Auris Health. Auris’ surgical robotic system such as the Monarch is a competitor for the ION system designed by Intuitive for minimally invasive lung biopsy. Additionally, Johnson & Johnson is also working with Verily, an Alphabet subsidiary, over a joint venture named Verb Surgical that focuses on developing robotic surgery technology.
Researchers seem to be on the run, and are expected to continue developing surgical robots that add precision to a surgeon’s maneuvers. Rather they are surging forward with the development of robots that can perform surgeries on their own. Recently, ripples had been created in the surgical robots industry with bioengineers from Boston Children’s Hospital developing a robot that has navigated independently within an animal heart to repair a cardiac valve. This goes beyond surgeons using controllers in surgical procedures and utilizes AI and image-trained algorithms for autonomous navigation. With the rapid pace of technological innovations assuring further advancements in the field of robotic surgery technology, surgical robots market size is poised to surpass $24 billion by 2025.
Author Name : Paroma Bhattacharya
Ethane-based natural gas liquid market to record exponential growth over 2019-2025, recent U.S. shale boom to add impetus to industry expansion
The global natural gas liquid market come to forge several growth avenues in recent times, chiefly due to the diverse applications of natural gas liquids such as ethane, propane butane and pentane plus in industrial processes. Indeed, manufacturing plastic and producing petrochemical feedstock to create ethylene and propylene, synthetic rubber, etc., are rather commonplace across industries. The continued growth of these sectors will add stimulus to natural gas liquid market, the size of which is expected to surpass 14 million barrels per day by 2025.
Norway Natural Gas Liquid Market Size, By Product, 2018 & 2025 (Mbl/day)
Though the world is debating the effects of plastics on the environment, the oil and gas sector has projected that plastics and chemicals will record sharp rise in demand and will end up compensating for shrinking demand for gasoline post 2030. Such projections are supported by the increased demand for ethane registered in the petrochemicals industry as ethane is the natural gas liquid feedstock of choice for this particular industry.
It is being speculated that the global natural gas liquid market will receive immense impetus from the expansion of the plastics industry. In spite of the hue and cry against the use of plastics, according to a report by the International Energy Agency, the demand for plastics has actually doubled since 2000. Oil and gas companies have spent several billion dollars developing petrochemical plants across the globe to meet the growing demand for ethylene, the building block of plastic that comes from ethane.
Low natural gas prices have brought more than 40% of the global ethane-based petrochemical production capacity to the United States. It is notable to mention that U.S. has in the recent years outpaced the Middle East in capacity for petrochemical production due to a surge in natural gas production in the shale fields in the Permian basin and elsewhere. The demand for ethane has been pivotal to the dramatic shift in regional petrochemical production, clearly underlining the future growth potential for the ethane-based natural gas liquid industry.
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To further elaborate on the matter, it should be mentioned that in the U.S. domestic ethane production is anticipated to surpass 2 million barrels per day by 2021. Experts are of the opinion that nearly two-third of the increased ethane production capacity will be allotted to producing ethylene, which is used in the manufacturing of polyethylene, the most common type of plastic used around the world. According to estimates, over 2019 – 2020, the U.S. will add approximately 6.1 million tons of ethylene production capacity, which will far outdo the 304,000 tons capacity anticipated from the Middle East.
Ethane is a key feedstock for petrochemical manufacturing and the U.S. petrochemical industry reacted to increased feedstock accessibility and resultant lower prices of ethane by adding capacity to existing plants. For instance, ExxonMobil plans a $2 billion expansion of its petrochemicals complex located at Baytown, Texas. The expansion is the latest round of extension underway that has mainly been undertaken due to the cheap U.S. natural gas liquids unearthed by the domestic gas shale boom. The U.S. is currently planning to expand the petrochemical infrastructure of the country with an investment of more than $200 billion and many projects are either already operational or under construction. ExxonMobil’s project is only one instance of the immense progress of the petrochemical industry in the country.
Natural gas liquids are possibly some of the most underappreciated chemical feedstocks that play a considerable role in the manufacturing of numerous consumer goods. For instance, in the case of a simple running shoes, the outsole and midsole of the shoe are made of sturdy polyurethane foam, the insole cushion is made of ethylene vinyl acetate (EVA) an ethylene derivative and the exterior is of nylon, a derivative of benzene.
All of these are natural gas liquid derivatives which are all pervasive and can be found in heating fuels, building materials, car parts, synthetic fabrics, carpeting, snowboards, backpacks, hiking boots and countless other items that are indispensable for the modern world. With the petrochemicals industry on the verge of experiencing a massive push from the shale boom in the U.S., it is only natural that the natural gas liquid market will boast of immense growth prospects over 2019-2025.
Author Name : Paroma Bhattacharya
America SLI battery market trends set to be characterized by overseas expansion by battery makers, U.S. to be a chief growth avenue
Owing to the ever-expanding automotive sector coupled with easier availability of lead-acid batteries, the America SLI battery market share has been growing at an exceptional pace in the last few years. The technological enhancements being made in terms of product design and development has prompted the regional governments to unveil favorable policies pertaining to automotive sector. This has invariably helped the America SLI battery industry participants to focus on the refining the EFB, AGM, and flooded SLI battery technology to gain competitive advantage and fulfill the varying demands of the automotive sector.
Brazil SLI Battery Market Size, By Technology, 2018 & 2025 (USD Million)
U.S. to be the major contributor toward strengthening the growth potential of America SLI battery industry
One of the most prominent countries to have secured a leading position in terms of research and development pertaining to SLI batteries is the United States. Governmental initiatives involving industry participants to enhance the automotive SLI battery technology has been a pivotal factor that has benefited the U.S. SLI battery market in the recent times. This particular trend can be affirmed by the recently signed agreement between the U.S. Department of Energy’s Argonne National Laboratory and 14 members of the Advanced Lead Acid Battery Consortium. The agreement aims to overhaul the lead-acid battery technology and transform it into the next generation of advanced batteries.
Specifically, the collaboration would use advanced X-ray technology to see if the participants can improve the potential of lead-acid batteries like SLI. In this regard, it has to be noted that lead-acid batteries are well-established in both industrial and automotive settings in the last few decades. However, they have fallen behind rival technologies such as lithium-ion batteries which have secured about 90 percent of the global battery market for utility energy storage.
In the light of such circumstances, the collaboration between the U.S. Department of Energy and the prominent 14-member battery manufacturers consortium appears significant as it would work to make the lead acid batteries more appealing to the power grid and improve the automotive SLI battery technology.
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Apart from research programs and governmental support, it is quite prudent to mention that the surge in investments toward automobile production coupled with robust battery recycling infrastructure across the nation has undoubtedly assisted the U.S. SLI battery industry to accelerate the pace of product penetration in the last few years. This momentum is likely to sustain in the forthcoming years as has been noted in the research report put together by Global Market Insights, Inc., which predicts that the U.S. SLI battery industry would register an annual growth rate of more than 1 percent over 2019-2025.
With the presence of globally renowned battery manufacturers such as Crown Battery, Trojan Battery Company, Johnson Controls, Exide Technologies, Continental Battery, Power Sonic Corporation, and many others, the competitive spectrum of America SLI battery industry is quite saturated. Apparently, these companies have now turned their attention toward developing countries to gain competitive edge and expand their business overseas.
For instance, the US-based Johnson Controls unveiled a strategic investment plan in 2015 which aims to expand AGM SLI battery production capacity in China, Germany, and the U.S. as well. Since 2011, the company has invested USD 112 million in Europe to increase manufacturing of AGM batteries and its flagship Johnson Controls SLI battery units. It invested a similar amount to expand its Zwickau plant and is now planning to pour in USD 200 million to construct a new automotive battery manufacturing plant in Shenyang, China. Reportedly, the proposed plant would manufacture 6 million proprietary Johnson Controls SLI battery models each year.
Apart from overseas expansion, the major battery manufacturers are further focusing on improving automotive battery technology by partnering with regional players. Needless to mention, with improved product design and production technologies, the America SLI battery market is set to unveil a new range of batteries that would be more durable and corrosion-resistant than ever before. This would certainly augment the revenue share of America SLI battery industry which is, as per reliable estimates, slated to surpass USD 16 billion by 2025.
Author Name : Saif Ali Bepari