Industrial Battery Trends and Forecast
The future of the global industrial battery market looks promising with opportunities in the telecom & data communication, uninterruptible power supply, energy, equipment, and grid storage markets. The global industrial battery market is expected to reach an estimated $35.1 billion by 2030 with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are rising adoption of renewable energy sources and growing demand for backup power.Industrial Battery by Segment
The study includes a forecast for the global industrial battery by battery type, application, end use, and region.Industrial Battery Market by Battery Type [Shipment Analysis by Value from 2018 to 2030]
- Lead-Acid
- Lithium-Ion
- Others
Industrial Battery Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Telecom & Data Communication
- Uninterruptible Power Supply
- Energy
- Equipment
- Grid Storage
- Others
Industrial Battery Market by End Use [Shipment Analysis by Value from 2018 to 2030]
- Stationary
- Motive
Industrial Battery Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Industrial Battery Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial battery companies profiled in this report include-- EnerSys
- C&D Technologies
- Exide Industries
- GS Yuasa
- Crown Batteries
Industrial Battery Market Insights
The publisher forecasts that lead-acid is expected to witness the highest growth over the forecast period due to its various advantages, such as lower cost, reliability, and easier maintenance.Within this market, telecom & data communication is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization and presence of key players in this region.
Features of the Global Industrial Battery Market
- Market Size Estimates: Industrial battery market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Industrial battery market size by battery type, application, end use, and region in terms of value ($B).
- Regional Analysis: Industrial battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different battery types, applications, end uses, and regions for the industrial battery market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the industrial battery market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the industrial battery market size?Answer: The global industrial battery market is expected to reach an estimated $35.1 billion by 2030.
Q2. What is the growth forecast for industrial battery market?
Answer: The global industrial battery market is expected to grow with a CAGR of 8.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the industrial battery market?
Answer: The major drivers for this market are rising adoption of renewable energy sources and growing demand for backup power.
Q4. What are the major segments for industrial battery market?
Answer: The future of the industrial battery market looks promising with opportunities in the telecom & data communication, uninterruptible power supply, energy, equipment, and grid storage markets.
Q5. Who are the key industrial battery market companies?
Answer: Some of the key industrial battery companies are as follows:
- EnerSys
- C&D Technologies
- Exide Industries
- GS Yuasa
- Crown Batteries
Answer: The publisher forecasts that lead-acid is expected to witness the highest growth over the forecast period due to its various advantages, such as lower cost, reliability, and easier maintenance.
Q7. In industrial battery market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and presence of key players in this region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the industrial battery market by battery type (lead-acid, lithium-ion, and others), application (telecom & data communication, uninterruptible power supply, energy, equipment, grid storage, and others), end use (stationary and motive), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Industrial Battery Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- EnerSys
- C&D Technologies
- Exide Industries
- GS Yuasa
- Crown Batteries
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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