Market Overview:
The global industrial battery market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for industrial batteries from telecom & data communication, industrial equipment, UPS/backup, and grid-level energy storage applications. In terms of type, the lead-acid battery segment is expected to hold the largest share of the global industrial battery market during the forecast period. However, lithium-based batteries are projected to grow at a higher CAGR than other types during the forecast period.
Product Definition:
Industrial batteries are used to store electrical energy for industrial purposes. They are usually made up of lead-acid or nickel-cadmium cells, and can be used to power large machines or entire factories.
Lead-acid Batteries:
Lead-acid batteries are the most commonly used batteries across the globe. They are economical, have a high power to weight ratio and can be recycled. These properties make them ideal for use in numerous applications including automotive, consumer electronics and power tools among others. Lead-acid battery market is expected to witness significant growth over the forecast period owing to its usage in several end-use industries such as automotive & transportation, energy storage systems and electric tools among others.
Lithium-based Batteries:
Lithium-based batteries are widely used in consumer electronic products such as smartphones and tablets. They also find application in electric vehicles, power tools, portable devices, and other industrial applications. The growing demand for these products is expected to drive the market over the forecast period.
Application Insights:
The telecom & data communication segment dominated the global industrial battery market in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for smartphones, tablets, laptops and other electronic devices has resulted in an increased need for lithium-ion batteries across the globe. This trend is likely to continue over the next few years as various manufacturers are focusing on developing energy storage solutions that can power consumer electronics during emergencies or blackouts.
The grid-level energy storage segment is projected to register a CAGR of XX% from 2018 to 2030 owing to growing concerns regarding greenhouse gas emissions and dependence on fossil fuels caused due largely due largely primarily primary primarily in North America but also across much of Europe Central & South America Asia Pacific Africa Middle East & Africa).
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to high product demand from various end-use industries, such as telecom & data communication, industrial equipment, and UPS/backup. China is one of the largest producers and consumers of batteries in this region due to its extensive manufacturing sector.
The European market was valued at USD X billion in 2017 and is projected to grow at a CAGR of XX% over the forecast period on account rising investments in renewable energy storage systems by governments across countries including Germany, Spain, Italy among others will boost industry growth over next eight years or so. North America occupied significant revenue share within global industry with U.S.
Growth Factors:
- Increasing demand for electric vehicles
- Growing demand from renewable energy sector
- Rising investment in smart grid infrastructure
- Proliferation of industrial automation and robotics
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Battery Market Research Report
By Type
Lead-acid Batteries, Lithium-based Batteries, Nickel-based Batteries, Others
By Application
Telecom & Data Communication, Industrial Equipment, Uninterruptible Power Supply (UPS)/Backup, Grid-Level Energy Storage, Others
By Companies
Johnson Controls (US), Exide Technologies (US), EnerSys (US), SAFT (France), GS Yuasa (Japan), Johnson Controls (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Battery Market Report Segments:
The global Industrial Battery market is segmented on the basis of:
Types
Lead-acid Batteries, Lithium-based Batteries, Nickel-based Batteries, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Telecom & Data Communication, Industrial Equipment, Uninterruptible Power Supply (UPS)/Backup, Grid-Level Energy Storage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson Controls (US)
- Exide Technologies (US)
- EnerSys (US)
- SAFT (France)
- GS Yuasa (Japan)
- Johnson Controls (US)
Highlights of The Industrial Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lead-acid Batteries
- Lithium-based Batteries
- Nickel-based Batteries
- Others
- By Application:
- Telecom & Data Communication
- Industrial Equipment
- Uninterruptible Power Supply (UPS)/Backup
- Grid-Level Energy Storage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial batteries are a type of rechargeable battery used in industrial and commercial applications. They are often larger and more powerful than consumer batteries, making them ideal for use in devices that require a high level of power, such as electric vehicles or heavy machinery.
Some of the key players operating in the industrial battery market are Johnson Controls (US), Exide Technologies (US), EnerSys (US), SAFT (France), GS Yuasa (Japan), Johnson Controls (US).
The industrial battery market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Battery Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Battery Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Battery Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Battery Market Size & Forecast, 2020-2028
4.5.1 Industrial Battery Market Size and Y-o-Y Growth
4.5.2 Industrial Battery Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lead-acid Batteries
5.2.2 Lithium-based Batteries
5.2.3 Nickel-based Batteries
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Telecom & Data Communication
6.2.2 Industrial Equipment
6.2.3 Uninterruptible Power Supply (UPS)/Backup
6.2.4 Grid-Level Energy Storage
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lead-acid Batteries
9.6.2 Lithium-based Batteries
9.6.3 Nickel-based Batteries
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Telecom & Data Communication
9.10.2 Industrial Equipment
9.10.3 Uninterruptible Power Supply (UPS)/Backup
9.10.4 Grid-Level Energy Storage
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lead-acid Batteries
10.6.2 Lithium-based Batteries
10.6.3 Nickel-based Batteries
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Telecom & Data Communication
10.10.2 Industrial Equipment
10.10.3 Uninterruptible Power Supply (UPS)/Backup
10.10.4 Grid-Level Energy Storage
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lead-acid Batteries
11.6.2 Lithium-based Batteries
11.6.3 Nickel-based Batteries
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Telecom & Data Communication
11.10.2 Industrial Equipment
11.10.3 Uninterruptible Power Supply (UPS)/Backup
11.10.4 Grid-Level Energy Storage
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lead-acid Batteries
12.6.2 Lithium-based Batteries
12.6.3 Nickel-based Batteries
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Telecom & Data Communication
12.10.2 Industrial Equipment
12.10.3 Uninterruptible Power Supply (UPS)/Backup
12.10.4 Grid-Level Energy Storage
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lead-acid Batteries
13.6.2 Lithium-based Batteries
13.6.3 Nickel-based Batteries
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Telecom & Data Communication
13.10.2 Industrial Equipment
13.10.3 Uninterruptible Power Supply (UPS)/Backup
13.10.4 Grid-Level Energy Storage
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Battery Market: Competitive Dashboard
14.2 Global Industrial Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson Controls (US)
14.3.2 Exide Technologies (US)
14.3.3 EnerSys (US)
14.3.4 SAFT (France)
14.3.5 GS Yuasa (Japan)
14.3.6 Johnson Controls (US)
