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Battery Chargers Market Trends

  • Report ID: GMI11301
  • Published Date: Sep 2024
  • Report Format: PDF

Battery Chargers Market Trends

Multi-stage charging technology in marine battery chargers is designed to optimize the charging process and extend the life of marine batteries. This technology divides the charging process into several distinct stages: bulk, absorption, and float. During the bulk stage, the charger delivers a high current to the battery to quickly restore charge. This rapid charging phase continues until the battery voltage reaches a predefined level.
 

The absorption stage then takes over, where the charger maintains a constant voltage while the current gradually decreases. This stage ensures that the battery reaches full capacity without overcharging, as the current tapers off as the battery’s charge approaches its maximum.
 

Finally, the float stage provides a lower & maintenance-level voltage to keep the battery at full charge without causing overcharge, thereby maintaining battery health and readiness for use. For instance, in September 2023, Schneider Electric introduced a new line of smart battery chargers designed specifically for scissor lifts. These chargers feature advanced monitoring capabilities, including real-time data analytics and predictive maintenance alerts, aimed at improving operational efficiency and extending the lifespan of the batteries.
 

This multi-stage approach is crucial in marine applications where battery performance and reliability are paramount. By carefully managing the charging process, multi-stage charging technology prevents overcharging and overheating, which can damage batteries and reduce their lifespan. Additionally, it helps in maintaining optimal battery health by avoiding deep discharges and ensuring the battery remains fully charged without excessive stress. This results in better performance and longer life for marine batteries, which is essential for the demanding conditions of boating and maritime operations.

Authors: Ankit Gupta, Pooja Shukla

Frequently Asked Questions (FAQ) :

The market size of battery chargers reached USD 1.2 billion in 2023 and is set to register over 5.5% CAGR between 2023 and 2032, led by rising environmental regulations and sustainability trends.

The 6V-12V battery chargers segment accounted for a market share of over 41% in 2023, as these batteries are often found in older models or specialized equipment, making them essential for maintaining and restoring vintage or niche technology.

North America market held a share of over 34% in 2023, driven by strong boating culture, the growing golf sector, and use of golf carts in various settings.

Battery Tender, Ctek, Delta-Q Technologies Corp., Interstate Batteries, IOTA Engineering, Lester Electrical, Minn Kota, NOCO among others.

Battery Chargers Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 320
  • Countries covered: 24
  • Pages: 200
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