Industrial Battery Market to 2027 - Global Analysis and Forecasts by Type (Lead-acid Batteries, Lithium-based Batteries, Nickel-based Batteries, Others); Application (Telecom & Data Communication, Industrial Equipment, Uninterruptible Power Supply (Ups)/Backup, Mining, Marine, Others)
The industrial battery market was valued at US$ 12,501.9 Mn in 2019 and is expected to grow at a CAGR of 7.3% from 2020 to 2027 to reach US$ 21,893.5 Mn by 2027.
Industrial batteries are specially designed batteries that can operate under harsh industrial temperatures such as extreme temperatures, more vibrations, and heavy use. Industrial batteries perform batter and are designed to be more powerful. In the present market scenario, the companies are rigorously working towards the development of highly efficient batteries that caters to the varying industrial battery needs. The global industrial battery market is anticipated to witness impressive growth during the forecast period. The demand for Lithium-based batteries is expected to grow significantly during the forecast period. The adoption of Lithium batteries is expected to grow across various verticals owing to the advantages offered by it, such as low emissions, increased lifecycle, and recyclability. The companies operating in the market are focusing on the development of new products to gain a strong customer base and achieve a significant market share.
The Government in North American countries, such as the U.S. are taking continuous steps to enhance the productivity of the manufacturing industry. Such as providing the latest technologies for easing the process of manufacturing and increasing the number of warehouses. The use of automated technologies in these warehouses is anticipated to influence the growth of the industrial battery market in North America. The increased spending by government leads towards the development of any technology. In the North American region, the government spending on technology advance activities is quite high, which makes climate favorable for any business to blossom. IoT, Big Data, and advance technologies have witnessed high adoptions in this region. These technologies, in turn, fuel the requirements of the enhanced network as well as the demand for industrial battery. Few emerging technologies in the industrial battery market are new generation lithium-ion (Li-ion) batteries, lithium-sulfur batteries, solid-state batteries, aluminium-ion batteries, etc.
Lucrative Regional Industrial Battery Markets
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Market Insights
Grid-connected solutions for uninterruptable power supply drives the demand for industrial battery
The most prominent and essential types of renewable energy sources are solar and wind that are stored in the grid. However, the covering of the sun by clouds or fluctuations in the wind current might lead to variations in the process of energy generation. Such changes create a need for flexible grid systems for energy storage. Industrial battery energy storage systems help the grid operators to save electricity when the quantity of power exceeds the demand for electricity. Thus, the increased adoption of these systems helps in improving the reliability and flexibility of the electricity supply system with respect to generation, transmission, and distribution activities. During transmission and distribution, battery energy storage systems handle various aspects such as asset deferral, harmonic suppression, voltage support, frequency regulation, and power quality. Electric energy time-shift, renewable energy time-shift, baseload levelling, and peak shaving, and renewables capacity firming are the other benefits of using battery energy storage systems for grid-connected solutions, which drive the adoption of these systems, thus fuelling the growth of the industrial battery market. The market players are coming up with new grid solutions for maintaining a competitive edge in the industrial battery market. For instance, Siemens offers SIESTORAGE, an intelligent grid solution. SIESTORAGE is capable of overcoming the challenges phased during the three main aspects of power supply, i.e., optimizing grid connections, providing elastic energy for modern grids, and supporting large energy consumers. Further, in July 2015, EDP Distribuicao offered Storage InovGrid tender to Siemens’s SIESTORAGE in Évora (Portugal). The SIESTORAGE system provides services such as voltage regulation, energy back-up, and peak shaving in EDP’s grid stability, and replicates the benefits of intelligent grids to the grid operators.
Type Insights
In type segment, Lead-acid batteries captured the largest share in the global industrial battery market. The lead-acid battery has a low-cost and gives high performance, these can be easily recycled, and they are simple to charge. The deployment of lead-acid battery is wide owing to its low cost and long service life. However, the battery would not be suitable for a sustained high load; also, it has a relatively lower volumetric energy density, which makes their deployment slightly unfeasible for energy management applications; hence it is mainly used for power applications. Advancements of this battery are still on the track, which could allow it to become a more feasible option for the energy management.
Global Industrial Battery Market, by Type – 2018 & 2027
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Application Insights
The industrial battery market, by application, is segmented into telecom & data communication, industrial equipment, uninterruptible power supply (Ups)/Backup, mining, marine, and others. The industrial equipment segment captured dominating share in the global industrial battery market. The growing industry 4.0 trends, such as IoT, Artificial Intelligence (AI), big data analysis, networked communications, cloud computing, and machine learning technologies, marking a substantial change in the way businesses work and how they engage with their customers. Such growing technologies are offering innovative industrial equipment solutions that support the production and delivery of efficient equipment.
Strategic Insights
Merger & acquisition strategy is commonly adopted by companies to expand their footprint worldwide and meet the growing demand. This strategy is mostly observed in North America and Europe. The players present in the Industrial Battery market adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally. Few of the recent acquisitions are listed below;
2019: East Penn announced acquisition of majority interest in Navitas Systems. This acquisition is expected to support the expansion of Motive Power Battery offering.
2019: Saft announced the acquisition of 100 % of the shares of Go Electric Inc., a US-based developer of distributed energy resiliency solutions for micro grids and Commercial & Industrial customers.
Industrial Battery Market – By Type
- Lead-acid Batteries
- Lithium-based Batteries
- Nickel-based Batteries
- Others
Industrial Battery Market – By Application
- Telecom & Data Communication
- Industrial Equipment
- UPS/Backup
- Grid-level Energy Storage
- Mining
- Marine
- Others
Global Industrial Battery Market by Region
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- South Korea
- Japan
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
Companies Profiles
- C&D Technologies, Inc.
- East Penn Manufacturing Company
- EnerSys
- Exide Industries Limited
- General Electric Company
- GS Yuasa International Ltd.
- LG Chem
- Panasonic Corporation
- Robert Bosch GmbH
- Saft Groupe SA
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Battery Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe – PEST Analysis
4.2.3 Asia-Pacific – PEST Analysis
4.2.4 Middle East & Africa – PEST Analysis
4.2.5 South America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Premium Insights
4.5.1 Forklift Truck Battery Market –Revenue and Forecast to 2027 (US$ Million)
4.5.2 Forklift Truck Batteries Market by Battery Type
4.5.3 Forklift Truck Battery Market by Sales Channel
4.5.4 Forklift Truck Battery Market by Capacity
5. Industrial Battery Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing demand for grid-connected solutions to ensure uninterruptable power supply
5.1.2 Increasing requirement of lithium-ion batteries
5.2 Market Restraints
5.2.1 High capital investments required for deployment
5.3 Opportunity
5.3.1 Growing adoption of electric vehicles in Industrial sector
5.4 Trends:
5.4.1 Adoption of advanced technologies such as IoT across various industries
5.5 Impact Analysis of Drivers And Restraints
6. Industrial Battery – Global Market Analysis
6.1 Overview
6.2 Industrial Battery Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Industrial Battery Market Analysis – By Type
7.1 Overview
7.2 Industrial Battery Market, By Type (2019 and 2027)
7.3 Lead-Acid Batteries
7.3.1 Overview
7.3.2 Lead-Acid Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Lithium-Based Batteries
7.4.1 Overview
7.4.2 Lithium-Based Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Nickel-Based Batteries
7.5.1 Overview
7.5.2 Nickel-Based Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8. Industrial Battery Market Analysis – By Application
8.1 Overview
8.2 Industrial Battery Market, By Application (2019 and 2027)
8.3 Telecom and Data Communication
8.3.1 Overview
8.3.2 Telecom and Data Communication: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Industrial Equipment
8.4.1 Overview
8.4.2 Industrial Equipment: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Uninterruptible Power Supply (UPS) Backup
8.5.1 Overview
8.5.2 Uninterruptible Power Supply (UPS) Backup: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Grid-Level Energy Storage
8.6.1 Overview
8.6.2 Grid-Level Energy Storage: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Mining
8.7.1 Overview
8.7.2 Mining: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8.8 Marine
8.8.1 Overview
8.8.2 Marine: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
8.9 Others
8.9.1 Overview
8.9.2 Others: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9. Industrial Battery Market – Geographic Analysis
9.1 Overview
9.2 North America: Industrial Battery Market
9.2.1 North America: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.2.2 North America: Industrial Battery Market, by Type
9.2.3 North America: Industrial Battery Market, by Application
9.2.4 North America: Industrial Battery Market, by Key Country
9.2.4.1 US: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Industrial Battery Market, by Type
9.2.4.1.2 US: Industrial Battery Market, by Application
9.2.4.2 Canada: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Industrial Battery Market, by Type
9.2.4.2.2 Canada: Industrial Battery Market, by Application
9.2.4.3 Mexico: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Industrial Battery Market, by Type
9.2.4.3.2 Mexico: Industrial Battery Market, by Application
9.3 Europe: Industrial Battery Market
9.3.1 Europe: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.2 Europe: Industrial Battery Market, by Type
9.3.3 Europe: Industrial Battery Market, by Application
9.3.4 Europe: Industrial Battery Market, by Key Country
9.3.4.1 Germany: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.1.1 Germany: Industrial Battery Market, by Type
9.3.4.1.2 Germany: Industrial Battery Market, by Application
9.3.4.2 France: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.2.1 France: Industrial Battery Market, by Type
9.3.4.2.2 France: Industrial Battery Market, by Application
9.3.4.3 Italy: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.3.1 Italy: Industrial Battery Market, by Type
9.3.4.3.2 Italy: Industrial Battery Market, by Application
9.3.4.4 UK: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.4.1 UK: Industrial Battery Market, by Type
9.3.4.4.2 UK: Industrial Battery Market, by Application
9.3.4.5 Russia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Industrial Battery Market, by Type
9.3.4.5.2 Russia: Industrial Battery Market, by Application
9.3.4.6 Rest of Europe: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Industrial Battery Market, by Type
9.3.4.6.2 Rest of Europe: Industrial Battery Market, by Application
9.4 APAC: Industrial Battery Market
9.4.1 APAC: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.2 APAC: Industrial Battery Market, by Type
9.4.3 APAC: Industrial Battery Market, by Application
9.4.4 APAC: Industrial Battery Market, by Key Country
9.4.4.1 Australia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.1.1 Australia: Industrial Battery Market, by Type
9.4.4.1.2 Australia: Industrial Battery Market, by Application
9.4.4.2 China: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.2.1 China: Industrial Battery Market, by Type
9.4.4.2.2 China: Industrial Battery Market, by Application
9.4.4.3 India: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Industrial Battery Market, by Type
9.4.4.3.2 India: Industrial Battery Market, by Application
9.4.4.4 Japan: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.4.1 Japan: Industrial Battery Market, by Type
9.4.4.4.2 Japan: Industrial Battery Market, by Application
9.4.4.5 South Korea: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Industrial Battery Market, by Type
9.4.4.5.2 South Korea: Industrial Battery Market, by Application
9.4.4.6 Rest of APAC: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Industrial Battery Market, by Type
9.4.4.6.2 Rest of APAC: Industrial Battery Market, by Application
9.5 MEA: Industrial Battery Market
9.5.1 MEA: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.5.2 MEA: Industrial Battery Market, by Type
9.5.3 MEA: Industrial Battery Market, by Application
9.5.4 MEA: Industrial Battery Market, by Key Country
9.5.4.1 South Africa: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.1.1 South Africa: Industrial Battery Market, by Type
9.5.4.1.2 South Africa: Industrial Battery Market, by Application
9.5.4.2 Saudi Arabia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.2.1 Saudi Arabia: Industrial Battery Market, by Type
9.5.4.2.2 Saudi Arabia: Industrial Battery Market, by Application
9.5.4.3 UAE: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.3.1 UAE: Industrial Battery Market, by Type
9.5.4.3.2 UAE: Industrial Battery Market, by Application
9.5.4.4 Rest of MEA: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Industrial Battery Market, by Type
9.5.4.4.2 Rest of MEA: Industrial Battery Market, by Application
9.6 SAM: Industrial Battery Market
9.6.1 SAM: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.6.2 SAM: Industrial Battery Market, by Type
9.6.3 SAM: Industrial Battery Market, by Application
9.6.4 SAM: Industrial Battery Market, by Key Country
9.6.4.1 Brazil: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Industrial Battery Market, by Type
9.6.4.1.2 Brazil: Industrial Battery Market, by Application
9.6.4.2 Argentina: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Industrial Battery Market, by Type
9.6.4.2.2 Argentina: Industrial Battery Market, by Application
9.6.4.3 Rest of SAM: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Industrial Battery Market, by Type
9.6.4.3.2 Rest of SAM: Industrial Battery Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Key Company Profiles
11.1 C&D Technologies, Inc.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 East Penn Manufacturing Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 EnerSys
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Exide Industries Limited
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 General Electric Company
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 GS Yuasa International Ltd.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 LG Chem
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Panasonic Corporation
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Robert Bosch GmbH
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Saft Groupe SA
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Forklift Truck Battery Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. Forklift Truck Batteries Market Revenue And Forecasts To 2027, By Battery Type (US$ Mn)
Table 3. Forklift Truck Batteries Market Revenue And Forecasts To 2027, By Sales Channel (US$ Mn)
Table 4. Forklift Truck Batteries Market Revenue And Forecasts To 2027, By Capacity (US$ Mn)
Table 5. Industrial Battery Market –Revenue and Forecast to 2027 (US$ Million)
Table 6. North America: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 7. North America: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 8. US: Industrial Battery Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. US: Industrial Battery Market, by Application –Revenue and Forecast to 2027 (US$ Million)
Table 10. Canada: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Canada: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 12. Mexico: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 13. Mexico: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 14. Europe: Industrial Battery Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 15. Europe: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 16. Germany: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 17. Germany: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 18. France: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 19. France: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 20. Italy: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 21. Italy: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 22. UK: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 23. UK: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 24. Russia: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. Russia: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 26. Rest of Europe: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 27. Rest of Europe: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 28. APAC: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 29. APAC: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 30. Australia: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 31. Australia: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 32. China: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 33. China: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 34. India: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 35. India: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 36. Japan: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 37. Japan: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 38. South Korea: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. South Korea: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 40. Rest of APAC: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 41. Rest of APAC: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 42. MEA: Industrial Battery Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 43. MEA: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 44. South Africa: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 45. South Africa: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 46. Saudi Arabia: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 47. Saudi Arabia: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 48. UAE: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. UAE: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 50. Rest of MEA: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 51. Rest of MEA: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 52. SAM: Industrial Battery Market, by Type– Revenue and Forecast to 2027 (US$ Million)
Table 53. SAM: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 54. Brazil: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 55. Brazil: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 56. Argentina: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 57. Argentina: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 58. Rest of SAM: Industrial Battery Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 59. Rest of SAM: Industrial Battery Market, by Application – Revenue and Forecast to 2027 (US$ Million)
Table 60. List of Abbreviation
LIST OF FIGURES
Figure 1. Industrial Battery Market Segmentation
Figure 2. Industrial Battery Market Segmentation – By Geography
Figure 3. Global Industrial Battery Market Overview
Figure 4. Others Application to Show Remarkable Traction During Forecast Period
Figure 5. Lead-Acid Batteries Type to Dominate the Industrial Battery Market
Figure 6. Global Industrial Battery Market, Industry Landscape
Figure 7. Global Industrial Battery Market, Geography Analysis
Figure 8. North America – PEST Analysis
Figure 9. Europe – PEST Analysis
Figure 10. Asia-Pacific – PEST Analysis
Figure 11. Middle East & Africa – PEST Analysis
Figure 12. South America – PEST Analysis
Figure 13. Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Industrial Battery Market Impact Analysis of Drivers And Restraints
Figure 16. Global Industrial Battery Market
Figure 17. Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Industrial Battery Market Revenue Share, by Type (2019 and 2027)
Figure 19. Lead-Acid Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Lithium-Based Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Nickel-Based Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Others: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Industrial Battery Market Revenue Share, by Application (2019 and 2027)
Figure 24. Telecom and Data Communication: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Industrial Equipment: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Uninterruptible Power Supply (UPS) Backup: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Grid-Level Energy Storage: Industrial Battery Market – Revenue and Forecast to 2027 (US$ million)
Figure 28. Mining: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Marine: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 30. Others: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Global Industrial Battery Market Revenue Share, by Region (2018 and 2027)
Figure 32. North America: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. North America: Industrial Battery Market Revenue Share, by Type (2018 and 2027)
Figure 34. North America: Industrial Battery Market Revenue Share, by Application (2018 and 2027)
Figure 35. North America: Industrial Battery Market Revenue Share, by Key Country (2018 and 2027)
Figure 36. US: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 37. Canada: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 38. Mexico: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 39. Europe: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 40. Europe: Industrial Battery Market Revenue Share, by Type (2018 and 2027)
Figure 41. Europe: Industrial Battery Market Revenue Share, by Application (2018 and 2027)
Figure 42. Europe: Industrial Battery Market Revenue Share, by Key Country (2018 and 2027)
Figure 43. Germany: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 44. France: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 45. Italy: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 46. UK: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 47. Russia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 48. Rest of Europe: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 49. APAC: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 50. APAC: Industrial Battery Market Revenue Share, by Type (2019 and 2027)
Figure 51. APAC: Industrial Battery Market Revenue Share, by Application (2019 and 2027)
Figure 52. APAC: Industrial Battery Market Revenue Share, by Key Country (2019 and 2027)
Figure 53. Australia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 54. China: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 55. India: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 56. Japan: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 57. South Korea: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 58. Rest of APAC: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 59. MEA: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 60. MEA: Industrial Battery Market Revenue Share, by Type (2019 and 2027)
Figure 61. MEA: Industrial Battery Market Revenue Share, by Application (2019 and 2027)
Figure 62. MEA: Industrial Battery Market Revenue Share, by Key Country (2019 and 2027)
Figure 63. South Africa: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 64. Saudi Arabia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 65. UAE: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 66. Rest of MEA: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 67. SAM: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 68. SAM: Industrial Battery Market Revenue Share, by Type (2019 and 2027)
Figure 69. SAM: Industrial Battery Market Revenue Share, by Application (2019 and 2027)
Figure 70. SAM: Industrial Battery Market Revenue Share, by Key Country (2019 and 2027)
Figure 71. Brazil: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 72. Argentina: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
Figure 73. Rest of SAM: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
The List of companies - Industrial Battery Market
- C&D Technologies, Inc.
- East Penn Manufacturing Company
- EnerSys
- Exide Industries Limited
- General Electric Company
- GS Yuasa International Ltd.
- LG Chem
- Panasonic Corporation
- Robert Bosch GmbH
- Saft Groupe SA
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global industrial battery market.
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- The key findings and recommendations highlight crucial progressive industry trends in the global industrial battery market, thereby allowing players across the value chain to develop effective long-term strategies.
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- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Frequently Asked Questions
The APAC region led the Industrial Battery market in 2019 as the factors such as the growing industrial equipment, mining, and marine industries, stringent environmental regulations, and reduced labor costs associated with battery recycling are the factors boosting the APAC industrial battery market growth.
Governments across the world are focusing on expanding the reach of digitization and promoting the utilization of several electronic devices, and have become the most important storage technology in the areas of portable and mobile applications (e.g., laptop, cell phone, electric bicycle, and electric car). Other important uses of lithium-ion batteries include storage in electrical grids. Moreover, the performance of Lithium-ion batteries (LIBs) used in grid-level energy storage systems is analyzed by service providers with regard to frequency regulation, peak shifting, integration with renewable energy sources, and power management. The increasing requirement of lithium-ion batteries in various applications is one of the major factors driving the industrial battery market.
The Industrial Equipment sector is the leading industry in the market, which comprises machinery, large scale process, and construction industry plants. The growing industry 4.0 trends, such as IoT, Artificial Intelligence (AI), big data analysis, networked communications, cloud computing, and machine learning technologies, are marking a substantial change in the businesses model and the way of attracting customers. Such growing technologies are offering innovative industrial equipment solutions that support the production and delivery of efficient equipment. In order to operate a warehouse or heavy machinery, the need for material handling equipment batteries is necessary. Lithium-ion batteries are ideally used for the equipment used in various industries, such as food and beverage and tissue industries. Increasing use of industrial equipment in areas such as airport ground support, lift trucks, sweepers, and scrubbers, and automatic guided vehicles (AGV) is propelling the growth of industrial battery market.