Key vendors to focus on adoption of advanced technologies to keep competition at bay
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global deep cycle batteries market in their latest research report. This report also lists 18 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global deep cycle batteries market is comprised of several global, regional, and local vendors. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are some of the key factors that hinder the growth of this market. The declining prices of the Li-ion batteries and rapidly changing preferences of end-user toward other advanced batteries will likely present a significant challenge for lead-acid battery vendors.
According to Abhay Sinha, a lead analyst at Technavio for research on energy storage, “As standards related to carbon emissions become stricter year by year due to increasing GHG emission rates; investors are taking stronger measures before investing in the market. New and existing vendors are making efforts to improve their sales, distribution, and working capital effectively to sustain their operations, as the market dynamics for lead-acid batteries are volatile.”
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Top five vendors in the deep cycle batteries market space
East Penn Manufacturing
East Penn Manufacturing product portfolio comprises of lead-acid batteries, wires, cable products, and battery accessories. The company operates through four subsidiaries — East Penn Canada, East Penn International, Ecoult, and MK Powered. Its distribution networks include over 90 warehouses and distribution locations in the US and Canada. The business segments of the company are classified into transportation, motive power, reserve power, and wire and cable.
Key products: Deka marine batteries, Intimidator AGM batteries, and Deka dominator GEL batteries.
EnerSys
EnerSys manufactures, markets, and distributes industrial batteries and related products such as chargers, outdoor cabinet enclosures, power equipment, and battery accessories. It also offers related after-market and customer-support services for industrial batteries. The company markets and sells its products to more than 10,000 customers in over 100 countries.
Key products: Hawker series and ODYSSEY Extreme series.
Exide Technologies
Exide Technologies serves the complex stored energy needs of customers worldwide. It provides services and systems that enhance vehicle performance and fleet utilization. It aims at reducing the risk of temporary power supply interruptions. Through its transportation segment, Exide Technologies offers a full range of starting, lighting, ignition (SLI) and deep cycle batteries for a multitude of applications.
Key products: Exide Nautilus series, Exide Edge Marine/RV batteries, and Excide Megacycle batteries.
GS Yuasa
GS Yuasa designs, manufactures, and markets a wide range of batteries, power supply systems, lighting equipment, and other electrical equipment worldwide. The company’s business segments include – overseas operations, domestic industrial batteries and power supplies, domestic automotive batteries, Li-ion batteries, and others.
Key products: Advanced nano cycle deep cycle VRLA batteries, Deep cycle VRLA batteries, and VRLA batteries.
Johnson Controls
Johnson Controls operates as a diversified technology and industrial company. The company’s subsidiaries include the Johnson Controls Battery Group and York International.
Key products: Automotive AGM batteries, Heavy-duty truck AGM batteries, Motorcycle power sports AGM batteries, and OPTIMA AGM batteries.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Deep Cycle Batteries Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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