Industrial Battery Market to Surpass $25.73 Billion by 2030, Fueled by Technological Advancements and Stringent Environmental Regulations
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The global industrial battery market is expected to increase at an astounding rate, topping $25.73 billion by 2030. This increasing trajectory, with a consistent annual growth rate of 8.9% for the predicted period of 2020-2030, is principally related to a number of important variables. Get A Sneak Peek Into Our Market Research Reports By Downloading… Continue reading
The global industrial battery market is expected to increase at an astounding rate, topping $25.73 billion by 2030. This increasing trajectory, with a consistent annual growth rate of 8.9% for the predicted period of 2020-2030, is principally related to a number of important variables.
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Industrial equipment is in high demand across numerous industries because to the quick improvements in battery technology. Businesses, from manufacturing plants to logistics centres, are seeing the advantages of effective power storage systems, which is driving up market growth. The need for sustainable energy storage solutions has also increased as a result of the implementation of strict environmental rules around the world, with industrial batteries emerging as a workable answer. The adoption of industrial batteries has also been accelerated by the cost-effectiveness of battery recycling, which reduces labour costs.
Highlighted with 64 tables and 64 figures, this 141-page report "Global Industrial Battery Market 2020-2030 by Battery Type (Lithium-based, Lead Acid, Nickel-Based, Others), Application (Industrial Equipment, Telecom & Data Communication, UPS, Grid-Level Energy Storage, Others), and Region: Trend Forecast and Growth Opportunity" is based on a comprehensive research of the entire global industrial battery market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).
In-depth qualitative analyses include identification and investigation of the following aspects:
Market Structure
Growth Drivers
Restraints and Challenges
Emerging Product Trends & Market Opportunities
Porter's Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global industrial battery market in every aspect of the classification from perspectives of Battery Type, Application, and Region.
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Based on Battery Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
Lithium-based Batteries
Lead Acid Batteries
Nickel-Based Batteries
Other Battery Types
Based on Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 included in each section.
Industrial Equipment
Telecom & Data Communication
Uninterrupted Power Supply (UPS)
Grid-Level Energy Storage
Other Applications
Geographically, the following regions together with the listed national/local markets are fully investigated:
North America (U.S., Canada, and Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (UAE, Saudi Arabia, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2019-2030. The breakdown of all regional markets by country and split of key national markets by Battery Type and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
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Key Players (this may not be a complete list and extra companies can be added upon request):
Active Spectrum (Bruker)
Amara Raja Batteries Ltd
C&D Technologies Inc.
East Penn Manufacturing Company Inc.
EnerSys
Exide Industries Ltd
GS Yuasa Corporation
Johnson Controls Inc.
LG Chem.
Panasonic Corporation
Robert Bosch GmbH
Saft Groupe SA
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