Eagle Eye Power Solutions
1-877-805-3377

June 2020 Update on Industry News

Posted June 2, 2020


Global Telecom Power System Market Growth

Reporterlink, a reputable market research organization, in an extensive report titled Telecom System Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2024, predicts the global telecom power system market to grow with a compound annual growth rate (CAGR) of 10. Exciting times for telecom power systems and battery manufacturers. Competition will be fierce, but will reliability and quality suffer? Caveat emptor!


Coronavirus and Exide

Exide Technologies, a global player in energy storage solutions – particularly in the battery sector – is feeling the brunt of the Corona crisis and cash flow. It is filing for a voluntary Chapter 11 petition for the third time in 20 years. It intends to spin of its EMEA and Asian Pacific entities, which are not included in the Chapter 11 petition. Exide will support its North American operations during restructuring. The big question is, what is the future for GNB Industrial Power, a long-time supplier of stationary batteries in North America? They have a sizable installed base, so I will be watching this one closely. There a lot of good folks there, and we wish them well.


Uninterruptible Power Supply (UPS) Market Growth

In a Market Report from marketwatch.com, it is predicted that the Uninterruptible Power Supply (UPS) worldwide market will grow by $4.4 billion. This is mainly driven by a compounded growth of 5.1% in the 5kVA and below market. OpenPR (openpr.com) states that the market will double from 2018 to 2026 to an estimated value of $14.58 billion. This is a CAGR of 8.08%. I cannot help but think that lithium batteries will have a lot to do with the “smaller and lighter” trend. Still, I wouldn’t like one sitting under my desk, at least until safety is improved. Keep an eye on the transfer time of the cheaper UPS’s, as the hold up (ride-through) time of many modern loads are narrowing because of skimping on the front-end design.


Next Generation Battery Monitors

In a late April market watch report on the global battery monitoring systems market, while mainly geared towards electric vehicles, does have some interesting comments regarding stationary batteries. It states that some key drivers for battery monitoring systems are “the increased operating efficiencies of batteries” and “growing investment in data centers.” Eagle Eye is mentioned as one of the industry players. “Furthermore, growing renewable power generation capacity is expected to create growth prospects of the battery monitoring system market across the globe.” It goes on to indicate that the high cost of monitoring systems for use with large batteries will act as a restraint to growth in this industry segment. I believe that this has always been the case, but mainly applicable to small battery systems. Users tend to look at the ratio of battery cost compared to the cost of a monitor. Next-generation monitors will have to do more in order to make the investment worthwhile. Did anyone say, “onboard analysis and even artificial intelligence?”

Eagle Eye Power Solutions respects your privacy. We don't rent or sell your personal information to anyone. Ever. Read our Privacy Policy.