Batteries, Charging and Exchange Systems for Materials Handling Equipment

Publish Date: May 2019 | Category: Machinery & Equipment | Publisher: BCC Research | Status: Publish

North American market for industrial batteries, battery chargers and battery exchangers based on consensus scenario should grow from $2.3 billion in 2019 to nearly $3.0 billion by 2024 with a compound annual growth rate (CAGR) of 5.0% for the period of 2019-2024.

Report Scope:

The scope of this report is specifically focused on industrial material handling equipment batteries, charging systems and battery exchange systems in North America. The market is broken down by major battery types, charging technologies, exchange systems and owner operations and applications. The market is discussed with estimated values derived from available data.

This report focuses only on off-road, battery-provided motive power industrial applications for material handling equipment. On-road vehicles—such as transport vehicles or trucks, internal combustion and fuel cell powered vehicles and their refueling systems—are not investigated. In a like manner, large specialty applications such as ship cargo handling equipment are not investigated.

Automatic guided vehicles (AGVs) are a special class of robotic material handling equipment. AGVs are the specific focus of BCC Research report IAS099A, “Automated Material Handling Equipment and Systems: The North American Market.” AGVs perform many of the same functions as other material handling equipment and, for this report, will be grouped with the similar class rather than being discussed separately.

The report also includes a discussion of the major vendors across each application and specialty market. Further, it explains the major drivers and dynamics of the market and current trends within the industry.

The report concludes with a special focus on the vendor landscape and includes detailed profiles of the major vendors in the industrial battery, battery charging and battery exchange equipment markets.

This report details actual figures for 2018 and compound annual growth rate (CAGR) projections for 2019 to 2024. A discussion of emerging technologies describes the areas in which research is being performed and incentivized and their anticipated effects in future markets.

Note that values are expressed in millions of dollars, and sales are expressed in 1,000 units. In both cases, totals are rounded to the nearest integer (i.e., less than $500,000 is expressed as $0). Values are based on the equivalent of retail, which is the price publicly advertised. In some cases, sales may be less than 500 units but because of high cost, value may exceed $1 million. In these cases, the quantities are expressed as “<1”.

Report Includes:

- 107 data tables and 89 additional tables
- A detailed overview of batteries, charging and battery exchange systems for material handling equipment in the North American region
- Analyses of the global market trends with data from 2018, estimates for 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Quantitative study of the market by various categories and sub-categories, including major battery types, charging technologies, exchange systems and owner operations, and applications
- Insight into the government regulations, pricing structure, performance monitoring, and pricing pressure for the off-road battery-provided motive power industrial applications for material handling equipment
- Detailed profiles of market leading companies within the industry, including Crown Battery Manufacturing Co., Douglas Battery, Electrovaya, Farasis Energy, Hoppecke Batteries Inc., Storage Battery Systems Inc. and Exide Technologies (GNB)

Summary

The three markets for industrial batteries, industrial battery chargers and exchange systems are interrelated. That is, all three are affected by changes in the other markets as well as the material handling forktruck market. The primary driver of these three markets is the forktruck market. The applications for forktrucks and other material handling equipment is rapidly changing due to the increase in e-commerce and the speed desired to deliver products to the end consumer. Many large companies have shuttered large local stores in recent years due to the competition from e-commerce and direct delivery. A strong economy has had positive effects in this market.

Material handling equipment powered by industrial batteries is the focus of this report. For decades, this market was totally dominated by flooded lead-acid batteries, with some participation by valveregulated lead acid (VRLA) batteries and nickel-metal hydride (NiMH) batteries. This changed in the 1990s with the introduction of fast charging and opportunity charging of flooded lead-acid batteries. The rapid growth of plug-in electric vehicles since 2010 has fueled significant research into large, highdensity batteries, primarily with lithium-ion chemistry. By the middle of this decade, lithium-ion chemistry was being applied to material handling equipment. The charging of lithium-ion batteries
occurs rapidly as well.

As defined in this report, the North American industrial battery market is estimated to have been worth nearly $REDACTED billion in 2018 and is estimated to increase to nearly $REDACTED billion by 2024. This report details the impacts of fast charging and lithium-ion battery technology.

The industrial battery-charging market, directly affected by these batteries, is estimated to have been worth $REDACTED million in 2018. It is projected to increase to $REDACTED million by 2024. This report again details the contributions of fast charging to both lead-acid and lithium battery types.

These technological advances are putting new pressures on supply chain management, where customer demands are placing extreme pressure on the rapid delivery of products. High-throughput facilities are seeking these technologies in order to become more efficient and reduce costs. The industrial Internet of Things is also driving data collection, management and reporting for actionable results. The higher technologies of fast charging and lithium charging are supporting these efforts.

These technologies will greatly impact the industrial battery exchanger market. Estimated to have been worth $REDACTED million in 2018, the market is expected to increase in the coming years but to decrease againby 2024 with an overall CAGR of REDACTED%.

This forecast suggests that the introduction of lithium-ion batteries in the material handling market is expected to have a significant impact on the studied industries in this reporting period. Several scenarios are presented; in all, battery exchange equipment is shown to be a declining market. Many new industrial battery suppliers have entered the industrial material handling material market with lithiumion batteries as their sole product (albeit in several different sizes). Many of the long-standing leaders in the lead-acid battery market have also introduced lithium-ion batteries.

Table of Contents

Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of the Report
Intended Audiences
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research 
Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background
General Background
Lift Truck Features
Counterweight
Battery Compartment
Lifting Height
Reach
Man-Up
Electric Lift Truck Types
Class I: Electric Motor Rider Trucks
Class II: Electric Motor Narrow Aisle
Class III: Electric Motor Hand Trucks or Hand/Rider Trucks
Class VI: Electric and Internal Combustion Engine Tractors
Automatic Guided Vehicles
Miscellaneous Battery-Powered Equipment
Summary of the Material Handling Equipment Market
Function and Design of Material Handling Equipment Batteries
Overview
Charge and Discharge Processes
Terminology
Industrial Battery Chemistries
Lead-Acid Batteries
Lithium-Ion Batteries
Nickel-Metal Hydride Batteries
Industrial Battery Sizes
Comparisons of Battery Technologies
Battery Distribution Channels
Battery Company Associations
Battery Council International
Canadian Battery Association
Consortium for Battery Innovation (Formerly Advanced Lead-Acid Battery Consortium)
Global Battery Alliance
Portable Rechargeable Battery Association
Trends in the Industrial Battery Market
Industrial Battery Operations
Industrial Battery Use for Demand Response
Peak Shaving
Demand-Response Programs
Bi-directional Power Flow
Function and Design of Industrial Battery Chargers
Overview
Traditional Battery Chargers
Development of “Fast Charging”
Battery Charging Connection
Power Conversion Methods
Battery-Charging Technologies
Conventional
Opportunity
Fast Charging
Battery Communication Technologies
Battery Information Modules
Smart Battery System
Function and Design of Battery Exchange Equipment
Overview
Battery Exchange Technology
Battery Exchange Operations
Systems of Batteries, Chargers and Exchange Equipment
Trends in Networking and Smart Batteries, Chargers and Exchange Equipment
Battery and Charger Monitoring
Industrial Internet of Things
Automated Warehousing

Chapter 4 Market Breakdown by Battery Technology
Battery Technology
Overall Industrial Battery Technology Market Summary
Industrial Battery Market Drivers
Industrial Battery Market by Lift Truck Type
Industrial Battery Market for Electric Counterbalance Trucks
Industrial Battery Market for Electric Reach Trucks
Industrial Battery Market for Straddle/Stacker Trucks
Industrial Battery Market for Walkie/Rider Pallet Jack Trucks
Industrial Battery Market for Other Electric Trucks
Industrial Battery Market by Owner Operations
Industrial Operational Categories
Industrial Battery Market by Owner Operation
Industrial Battery Market by Charger Technology
Industrial Battery Market by Application
Industrial Applications
Trends in Applications

Chapter 5 Market Breakdown by Charging Technology
Charging Technology
Overall Industrial Battery Charging Technology Market Summary
Charging Technology Market by Battery Technology
Charging Technology Market by Owner Operations

Chapter 6 Market Breakdown by Exchange Technology
Exchange Technology
Overall Industrial Battery Exchange Technology Market Summary
Industrial Battery Exchange Equipment Market Summary

Chapter 7 Patent Review and New Developments
Industrial Battery Patents
Industrial Battery Patents Granted, by Patent Number, 2017-2019
Industrial Battery Patents Granted, by Company, 2017-2019
Industrial Battery Patents Granted, by Subject, 2017-2019
Industrial Battery Applications, by Patent Number, 2017-2019
Industrial Battery-Charging Patents
Industrial Battery-Charging Patents Granted, by Patent Number, 2017-2019
Industrial Battery-Charging Patents Granted, by Company, 2017-2019
Industrial Battery-Charging Patents Granted, by Subject, 2017-2019
Industrial Battery-Handling Patents
Industrial Battery-Handling Patents Granted, by Patent Number, 2017-2019
Industrial Battery Handling Applications, by Application Number, 2017-2019

Chapter 8 Company Profiles by Market
Industrial Battery Suppliers
ATLANTIC BATTERY SYSTEMS
BATTERY BUILDERS INC.
B. B. BATTERY
BULLDOG BATTERY CORP.
BYD CO. LTD.
BYD MOTORS INC.
CCB INDUSTRIAL BATTERY CO.
CELL-CON BATTERY & CHARGER SOLUTIONS
CLARK MATERIAL HANDLING
CROWN BATTERY MANUFACTURING CO.
DOUGLAS BATTERY
DYNO BATTERY
EAST PENN MANUFACTURING (DEKA BATTERY)
ELECTROVAYA
ENERSYS
EXIDE TECHNOLOGIES (GNB)
GNB INDUSTRIAL POWER
FARASIS ENERGY
FLUX POWER
FULL RIVER BATTERY
GB INDUSTRIAL BATTERY
GREEN CUBES TECHNOLOGY
HARRIS BATTERY CO.
HAWKER POWERSOURCE
HITACHI CHEMICAL ENERGY TECHNOLOGY CO. LTD.
HOPPECKE BATTERIES INC.
HOPPECKE, NORTH AMERICA
INDUSTRIAL BATTERY & CHARGER INC.
INDUSTRIAL BATTERY ENGINEERING INC.
NAVITAS SYSTEMS
NAVITAS SYSTEMS ADVANCED SOLUTIONS GROUP
ONE CHARGE
RELION BATTERIES
ROMEO SYSTEMS INC.
SAFT
SAFT AMERICA
STORAGE BATTERY SYSTEMS INC.
SWIFT INDUSTRIAL POWER
TROJAN BATTERY CO.
U.S. BATTERY MANUFACTURING CO.
Battery Charging Suppliers
ADVANCED CHARGING TECHNOLOGIES (ACT)
AMETEK INC. (PRESTOLITE POWER)
APPLIED ENERGY SOLUTIONS
CELL-CON BATTERY & CHARGER SOLUTIONS
CHARGING TECHNOLOGIES INC.
CLARK MATERIAL HANDLING
CROWN BATTERY MANUFACTURING CO.
DC POWER TECHNOLOGIES (DCPT)
DELTA-Q TECHNOLOGIES
DOUGLAS BATTERY
ELECTROVAYA
ENERSYS
EXIDE TECHNOLOGIES (GNB)
FULL RIVER BATTERY
GREEN ENERGY CONCEPTS INC. (GECI)
HAWKER POWERSOURCE
HOPPECKE BATTERIES INC.
HOPPECKE, NORTH AMERICA
INDUSTRIAL BATTERY ENGINEERING INC.
KODIAK INDUSTRIES INC.
LAMARCHE MFG
MINIT-CHARGER (ACCESS CONTROL GROUP)
PBM
POSICHARGE/WEBASTO CHARGING SYSTEMS
POWER DESIGNERS SIBEX
RELION BATTERIES
STANBURY ELECTRICAL ENGINEERING
STORAGE BATTERY SYSTEMS INC. (SBS)
SWIFT INDUSTRIAL POWER
Industrial Battery Exchange System Providers
BHS INC.
CARNEY BATTERY HANDLING
MTC USA
MULTI-SHIFTER
PHILADELPHIA SCIENTIFIC
SACKETT SYSTEMS

Chapter 9 Appendix: Acronyms
Acronyms
Report Sources

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