Monday, March 21, 2016

Woodridge-based Navitas System named one of 7 leading vendors in Technavio report

LONDON--(BUSINESS WIRE)--The technology research and advisory firm Technavio has announced the top seven leading vendors in its recent global golf cart battery market report.

Navitas System was founded in 2010 and is headquartered in Woodridge, Illinois. The company designs, develops, and manufactures energy storage products and energy enabled system solutions for industrial, commercial, and government agency customers.

Image credit: Navitas System
In October 2014, the company received a contract from Alion Science and Technology (a technology company that delivers operational support and technical expertise to the Department of Defense, commercial customers, and civilian government agencies) worth $1.55 million for the development of the Li-ion 6T battery system that is used in military applications.

Competitive vendor landscape

The global golf cart battery market is highly diverse, with leading vendors providing cost-effective lead-acid batteries with limited features and functionalities. Overall, the market is highly competitive. Intense competition and rapid advances in technology are the key factors that may affect market growth. However, the declining price of lead-acid batteries and end-user preferences for other advanced batteries will also present significant challenges to lead-acid battery vendors.

“The golf course industry is seeing a transformation with the use of the latest technologies. To increase a golfer’s preference and attract new customers, golf clubs are integrating the latest models of golf carts. For instance, the Yamaha Golf-Car Company launched its Drive AC golf cart in January 2015 during the PGA Merchandise Show in Orlando,” says Vishu Rai, a lead analyst at Technavio for energy storage.

The other companies listed among the top seven golf cart battery market vendors are:

Axion Power International

Axion Power International, formerly known as Tamboril, was established in 2003 through a reverse acquisition with Tamboril Cigar. It is headquartered in New Castle, Pennsylvania.

The company offers uninterruptible power supply (UPS) batteries under the brand name SureEnergy. These batteries are used in emergency lighting systems, hospitals, data centers, medical systems, federal data systems, network operation centers, reservation systems, banks and financial markets, emergency response facilities, manufacturing facilities, and industrial process controls, and Internet service providers.

Crown Battery

Crown Battery was founded in 1926 and is headquartered in Fremont, California. It is one of the leading battery manufacturing companies.

East Penn Manufacturing

East Penn Manufacturing was founded in 1946 and is headquartered in Pennsylvania. The company offers lead-acid batteries, wire and cable products, and battery accessories.

In July 2015, East Penn Manufacturing received $25,000 from Ben Franklin Technology Partners of Northeastern Pennsylvania to conduct a comprehensive analysis of recycling considerations at its Lyon Station facility. This relates to the growing need for new battery technology to cope with the high demand for HEVs.

Exide Technologies

Exide Technologies was founded in 1888 and is headquartered in Milton, Georgia. The company serves the complex stored energy needs of customers worldwide. It provides services and systems to enhance vehicle performance and fleet utilization with an aim to reduce the risk of temporary power supply interruptions.

Exide Technologies is one of the leading stored electrical energy solution providers, with subsidiaries in more than 80 countries. The company operates through its 33 manufacturing facilities in 11 countries. It has partnerships with OEMs and serves the spare parts market for industrial and transportation applications.

EnerSys

EnerSys was incorporated in 2000 and is headquartered in Pennsylvania. The company manufactures, markets, and distributes industrial batteries and related products such as chargers, outdoor cabinet enclosures, power equipment, and battery accessories. It offers related after-market and customer support services for industrial batteries.

EnerSys markets and sells its products to more than 10,000 customers in over 100 countries via a network of distributors, independent representatives, and its internal sales force.

Trojan Battery

Trojan Battery was founded in 1925 and is headquartered in Santa Fe Springs, California. It is a manufacturer of deep-cycle batteries. The company offers a broad range of batteries such as deep-cycle flooded, deep-cycle AGM, and gel batteries. These batteries are used in golf carts and utility, aerial work platforms, commercial trucking, marine, floor machines, RVs, material handling applications, and renewable energy systems.

The company operates through its manufacturing plants in California and Georgia. As of 2015, the company had over 600 employees.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.