Industrial Battery Market, By Battery Type, By Application, By Region

Description

Industrial Battery Market is estimated to be valued at USD 26,577.3 Mn in 2025 and is expected to reach USD 48,709.3 Mn by 2032, growing at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 26,577.3 Mn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	9.00%	2032 Value Projection:	USD 48,709.3 Mn

Batteries are manufactured to perform in extreme conditions. They can be used in remote locations, such as on boats and in arctic climates. Industrial batteries are designed to handle heavy use and vibrations. However, the initial cost can be high, especially when compared to consumer-grade rechargeable batteries.

Many companies manufacture industrial batteries for a variety of applications. Some of these are lithium-based, lead-acid, and nickel-based. While lithium-based batteries are the most expensive option, they are also the most powerful and provide a long life. Lead-acid and nickel-based batteries are cheaper.

Market Dynamics:

The expansion of the telecommunications industry is one of the factors expected to boost growth of the global industrial battery market over the forecast period. Increasing demand for high-efficiency power backup has fueled the need for batteries in the telecommunications segment. Another aspect that is expected to drive the growth of the industrial battery market is the increase in usage of these units for safety and alarm systems.

However, availability of alternatives and demand-supply mismatch in raw material are the factors expected to hinder growth of the global industrial battery market over the forecast period.

Key features of the study:

This report provides in-depth analysis of the global industrial battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global industrial battery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Saft Groupe SA, C&D Technologies Inc., Panasonic Corporation, East Penn Manufacturing Company Inc., Amara Raja Batteries Ltd., EnerSys, GS Yuasa Corporation, and Exide Industries Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global industrial battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global industrial battery market

Detailed Segmentation:

Global Industrial Battery Market, By Battery Type
- Lead-acid
- Nickle-based
- Lithium-ion
- Other Battery Types
Global Industrial Battery Market, By Application
- Forklift
- Telecom
- UPS
- Other Applications
Global Industrial Battery Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles
- C&D Technologies Inc.
- East Penn Manufacturing Company Inc.
- EnerSys
- Exide Industries Ltd
- GS Yuasa Corporation
- Amara Raja Batteries Ltd
- Panasonic Corporation
- Saft Groupe SA

Product Code: CMI5549

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Battery Type
- Market Snapshot, By Application
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Declining cost of lithium-ion battery
Rise in demand from data centers
- Restraints
Demand-supply mismatch of raw materials
Unfavourable conditions arising due to Covid-19 pandemic
- Opportunities
Technological development in batteries
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Industrial Battery Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Industrial Battery Market , By Battery Type, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Lead-acid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(US$ Mn)
Nickle-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(US$ Mn)
Lithium-ion
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(US$ Mn)
Other Battery Types
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032,(US$ Mn)

6. Global Industrial Battery Market , By Application, 2020 - 2032, (US$ Mn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Forklift
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Telecom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
UPS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)
Other Applications
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Million)

7. Global Industrial Battery Market , By Region, 2020-2032, (US$ Mn)

Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021-2032
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Battery Type, 2020-2032,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Mn)

8. Competitive Landscape

C&D Technologies Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
East Penn Manufacturing Company Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
EnerSys
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Exide Industries Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
GS Yuasa Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Amara Raja Batteries Ltd
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Panasonic Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Saft Groupe SA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views

9. Section

Research Methodology
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