DUBLIN, June 16, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Genset Battery Market 2016-2020" report to their offering.

The global genset battery market is forecast to grow at a CAGR of 7.25% during the period 2016-2020.

The report 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.

A key trend which is boosting market growth is the increase in power generation capacity. Countries worldwide are in the process of increasing their power generation capacity to reduce their energy dependence and overcome issues related to power blackouts. Many end-users are shifting toward alternative energy forms such as renewable-based installations rather than depending on gensets. Solar PV, wind energy, and other forms of renewable energy are gaining popularity as they prove to be cost-effective solutions compared to diesel gensets. This trend is observed primarily in EMEA and APAC countries, as they are focusing more on the development of alternate sources of energy.

According to the report, a key growth driver is the effectiveness of genset batteries. One of the key performance attributes required by any battery is high power density. Genset batteries provide high power density that enables them to supply power to large diesel engines at low temperatures by occupying the least space.

Another notable feature of genset batteries is their long service life that makes them capable of lasting for several years under continuous trickle charge and be able to fire up the genset whenever required. In addition, genset batteries have quick recharge capability, which is necessary in case of installations where there are frequent power outages.

Further, the report states that one challenge that could restrict market growth is the hazardous nature NiCd. The major drawback in NiCd batteries is their high self-discharge rate. For instance, large battery systems can lead to higher float charge energy costs.

Key vendors:

• Cummins
• Eaton
• EnerSys
• Exide Industries
• Leoch International

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by end-user

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

For more information visit http://www.researchandmarkets.com/research/5j4cwc/global_genset

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SOURCE Research and Markets