Industrial Batteries Market Report 2025

This Industrial Batteries market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The industrial batteries market size has grown strongly in recent years. It will grow from $15.37 billion in 2024 to $16.73 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to industrialization and manufacturing growth, telecommunications infrastructure, renewable energy integration, environmental regulations.

The industrial batteries market size is expected to see strong growth in the next few years. It will grow to $23.57 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to energy storage demand, e-mobility expansion, iot and edge computing, electrification of industries, space exploration and aerospace. Major trends in the forecast period include lithium-ion dominance, energy density improvements, rapid charging technology, eco-friendly chemistries, hybrid energy storage.

The industrial battery market is poised for growth, driven by the rapid expansion of the telecommunications sector. Telecommunications involves the electronic transmission of information over a distance, and industrial batteries play a crucial role as power backup for network equipment, running DC equipment, and providing power to remote base stations without access to the national grid. For example, in India, the telecom industry boasts a subscriber base of 1.17 billion mobiles as of April 2022, with the number of telecom towers reaching 660,000 in 2021. This expansion in the telecommunication sector is a key factor propelling the growth of the industrial battery market.

The rising adoption of electric vehicles is anticipated to drive the growth of industrial batteries in the future. The expansion of electric vehicles results in a higher demand for batteries to power these vehicles, promoting innovation, increasing battery production, and broadening battery applications in grid balancing, energy storage, and charging infrastructure. Moreover, sustainability initiatives, incentives, and research into battery technologies further support the growth of the industrial battery market. For example, in July 2023, the International Energy Agency, a France-based intergovernmental organization, reported sales figures for that year. Consequently, the growing adoption of electric vehicles is fueling the expansion of the industrial batteries market.

Innovation in product development is a prominent trend in the industrial batteries market, with major companies focusing on creating advanced solutions for battery power management systems to gain a competitive edge. For instance, Narada Power, a China-based battery manufacturing company, introduced a 512-volt high-voltage lithium battery backup power system designed for industrial use, particularly in Internet Data Centers (IDCs). This system, utilizing lithium-ion (Li-ion) batteries, offers unique benefits such as high power discharge, high energy density, safety, and reliability. The lithium batteries used are significantly lighter and have a lower carbon footprint compared to conventional lead batteries.

Major companies in the industrial batteries market are developing advanced products like electric vehicle (EV) batteries, which improve performance, energy storage capacity, and charging efficiency for an expanding array of electric vehicles. An electric vehicle (EV) battery is a rechargeable energy storage system designed to power electric vehicles. For example, in May 2023, Volkswagen, a Germany-based automotive manufacturer, introduced a new electric vehicle battery named Astroinno, which boasts a range of 1000 km. This new battery may offer higher energy density compared to standard lithium-iron-phosphate (LFP) batteries and could be more cost-effective than those primarily based on nickel and cobalt.

In March 2022, Reliance New Energy, a subsidiary of Reliance Industries, acquired Lithium Werks for $61 million. This acquisition aims to leverage Lithium Werks' expertise and expand Reliance's presence in the battery and energy sector. Lithium Werks, based in the Netherlands, specializes in manufacturing cobalt-free and high-performance lithium iron phosphate (LFP) batteries used in various industrial applications.

Major companies operating in the industrial batteries market include Exide Industries Ltd., C&D Technologies Inc., Enersys Inc., GS Yuasa Corporation, Northstar Battery Company LLC., Amara Raja Batteries Ltd., American Battery Solutions, Bulldog Battery Corporation, Crown Batteries, HOPPECKE Industrial Batteries Ltd., Zhejiang Narada Power Source Co. Ltd., SK Innovation Co. Ltd., The Sunlight Group, TAB batteries, East Penn Manufacturing, EnerSys, Johnson Controls, C&D Technologies, Saft Group, FIAMM Energy, Hoppecke, HBL Power Systems, GS Yuasa, NorthStar Battery, Leoch International, Hitachi Chemical, Narada Power, Storage Battery Systems (SBS), Advanced Energy.

North America was the largest region in the industrial batteries market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial batteries market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial batteries market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Industrial batteries encompass electrochemical devices that transform higher-level active materials into an alternate state during discharge. These batteries are robust and capable of functioning in challenging environments, coming in various sizes and shapes tailored to industrial requirements. They play a crucial role in powering equipment across diverse industries, including automation, construction machinery, robotics, and battery-operated small transport vehicles, by converting chemical energy into electricity.

The market features three main types of industrial batteries such as lithium-ion batteries, nickel-based batteries, and lead-based batteries. Lithium-ion batteries find applications in electronics, both small and large appliances, electric vehicles, and electrical energy storage systems. An advanced battery technology, lithium-ion batteries utilize lithium ions as a key component in their electrochemistry. Various applications span telecom and data communication, uninterruptible power supply (UPS), energy equipment, grid storage, and more. The end users encompass both domestic and industrial sectors.

The industrial batteries market research report is one of a series of new reports that provides industrial batteries market statistics, including industrial batteries industry global market size, regional shares, competitors with an industrial batteries market share, detailed industrial batteries market segments, market trends and opportunities, and any further data you may need to thrive in the industrial batteries industry. This industrial batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The industrial battery market consists of sales of nickel metal hydride batteries, zinc carbon batteries, sodium batteries, and alkaline batteries. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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