Global Industrial Batteries Market Size Study & Forecast, by Type and Application, and Regional Forecasts 2025-2035

Description

The Global Industrial Batteries Market is valued at approximately USD 22.44 billion in 2024 and is projected to expand at a robust compound annual growth rate (CAGR) of 7.60% during the forecast period from 2025 to 2035. Industrial batteries, characterized by their resilience and extended lifecycle, play a pivotal role in applications where energy reliability and storage efficiency are non-negotiable-ranging from motive power systems to vast grid-level energy storage operations. These powerhouses are engineered to deliver performance under demanding industrial environments, whether powering forklifts in bustling warehouses or balancing energy loads across expansive utility grids. The resurgence of electrification across industrial infrastructures, combined with the soaring focus on clean energy integration, has propelled the significance of advanced battery systems. With lithium-based chemistries surging ahead due to their high energy density and durability, and lead-acid batteries maintaining relevance for cost-effective stationary applications, the market dynamics continue to evolve rapidly.

The industrial landscape is undergoing a seismic shift, driven by digitization, electrification, and sustainability mandates. This transition is manifesting in a heightened demand for reliable and scalable battery systems capable of powering autonomous vehicles, managing grid fluctuations, and ensuring uninterrupted energy supply across mission-critical applications. According to the International Energy Agency (IEA), global investments in battery storage surpassed USD 26 billion in 2023-a signal of the accelerating global commitment to battery technologies. Additionally, as manufacturers grapple with decarbonization targets and seek alternatives to fossil-fueled operations, industrial batteries are becoming the linchpin of operational continuity. The rapid advancement in battery chemistries, modular energy storage solutions, and integration capabilities further opens avenues for customized energy systems tailored to specific industrial needs.

From a regional standpoint, North America continues to anchor the market with its solid foundation of technological innovation, growing adoption of renewable energy, and strong government incentives aimed at battery manufacturing and storage deployments. The United States, in particular, has emerged as a hotbed for energy storage installations, driven by grid modernization initiatives and the booming electric mobility sector. Europe, with its aggressive green energy policies and electrification of industrial fleets, remains a critical growth territory-especially in countries like Germany and France. Meanwhile, Asia Pacific is witnessing a meteoric rise in demand, spurred by rapid industrialization, soaring energy requirements, and strategic investments from governments and private stakeholders in China, Japan, and India. These regional dynamics collectively underscore a fertile landscape for industrial battery manufacturers, integrators, and service providers aiming to solidify their global footprint.

Major market players included in this report are:

Tesla Inc.
LG Energy Solution
Panasonic Corporation
Samsung SDI Co. Ltd.
BYD Company Ltd.
Exide Technologies
EnerSys
East Penn Manufacturing Company
GS Yuasa Corporation
Saft Groupe S.A.
Hitachi Chemical Co., Ltd.
Leclanche S.A.
Amara Raja Batteries Ltd.
Contemporary Amperex Technology Co. Limited (CATL)
Johnson Controls International Plc

Global Industrial Batteries Market Report Scope:

Historical Data - 2023, 2024
Base Year for Estimation - 2024
Forecast period - 2025-2035
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Type:

Lead-acid
Lithium-based

By Application:

Motive Power
Grid-level Energy Storage

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Market Estimates & Forecast for 10 years from 2025 to 2035.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Industrial Batteries Market Report Scope & Methodology

1.1. Research Objective
1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study

Chapter 2. Executive Summary

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

Chapter 3. Global Industrial Batteries Market Forces Analysis

3.1. Market Forces Shaping the Global Industrial Batteries Market (2024-2035)
3.2. Drivers
- 3.2.1. Rising demand for grid-scale energy storage systems
- 3.2.2. Rapid industrial electrification and decarbonization initiatives
3.3. Restraints
- 3.3.1. High initial cost and complex disposal concerns
- 3.3.2. Supply chain instability of critical raw materials
3.4. Opportunities
- 3.4.1. Technological advancements in lithium-based batteries
- 3.4.2. Strategic investments in renewable energy infrastructure

Chapter 4. Global Industrial Batteries Industry Analysis

4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Forecast Model (2024-2035)
4.3. PESTEL Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024-2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Batteries Market Size & Forecasts by Type 2025-2035

5.1. Market Overview
5.2. Global Industrial Batteries Market Performance - Potential Analysis (2025)
5.3. Lead-acid
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market Size Analysis, by Region, 2025-2035
5.4. Lithium-based
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 6. Global Industrial Batteries Market Size & Forecasts by Application 2025-2035

6.1. Market Overview
6.2. Global Industrial Batteries Market Performance - Potential Analysis (2025)
6.3. Motive Power
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market Size Analysis, by Region, 2025-2035
6.4. Grid-level Energy Storage
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market Size Analysis, by Region, 2025-2035

Chapter 7. Global Industrial Batteries Market Size & Forecasts by Region 2025-2035

7.1. Industrial Batteries Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America Industrial Batteries Market
- 7.3.1. U.S.
  - 7.3.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.3.2. Canada
  - 7.3.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.3.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.4. Europe Industrial Batteries Market
- 7.4.1. UK
  - 7.4.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.2. Germany
  - 7.4.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.3. France
  - 7.4.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.4. Spain
  - 7.4.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.5. Italy
  - 7.4.5.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.4.6. Rest of Europe
  - 7.4.6.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.4.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.5. Asia Pacific Industrial Batteries Market
- 7.5.1. China
  - 7.5.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.2. India
  - 7.5.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.3. Japan
  - 7.5.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.4. Australia
  - 7.5.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.4.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.5. South Korea
  - 7.5.5.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.5.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.5.6. Rest of Asia Pacific
  - 7.5.6.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.5.6.2. Application Breakdown Size & Forecasts, 2025-2035
7.6. Latin America Industrial Batteries Market
- 7.6.1. Brazil
  - 7.6.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.6.2. Mexico
  - 7.6.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.6.2.2. Application Breakdown Size & Forecasts, 2025-2035
7.7. Middle East and Africa Industrial Batteries Market
- 7.7.1. UAE
  - 7.7.1.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.1.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.2. Saudi Arabia
  - 7.7.2.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.2.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.3. South Africa
  - 7.7.3.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.3.2. Application Breakdown Size & Forecasts, 2025-2035
- 7.7.4. Rest of Middle East & Africa
  - 7.7.4.1. Type Breakdown Size & Forecasts, 2025-2035
  - 7.7.4.2. Application Breakdown Size & Forecasts, 2025-2035

Chapter 8. Competitive Intelligence

8.1. Top Market Strategies
8.2. Tesla Inc.
- Company Overview
- Key Executives
- Company Snapshot
- Financial Performance (Subject to Data Availability)
- Product/Services Port
- Recent Development
- Market Strategies
- SWOT Analysis
8.3. LG Energy Solution
8.4. Panasonic Corporation
8.5. Samsung SDI Co. Ltd.
8.6. BYD Company Ltd.
8.7. Exide Technologies
8.8. EnerSys
8.9. East Penn Manufacturing Company
8.10. GS Yuasa Corporation
8.11. Saft Groupe S.A.
8.12. Hitachi Chemical Co., Ltd.
8.13. Leclanche S.A.
8.14. Amara Raja Batteries Ltd.
8.15. Contemporary Amperex Technology Co. Limited (CATL)
8.16. Johnson Controls International Plc