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PUBLISHER: IMARC | PRODUCT CODE: 1451460
PUBLISHER: IMARC | PRODUCT CODE: 1451460
Industrial Batteries Market Report by Drive Type (Electric, Hydraulic, and Others), Technology (Lithium-Ion Battery, Lead-Acid Battery, and Others), Application (Forklift, Telecom, UPS, and Others), and Region 2024-2032
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The global industrial batteries market size reached US$ 22.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.24% during 2024-2032.
Industrial batteries are electrochemical devices used as a power source for large, rugged equipment. They consist of cathodes, anodes and electrolyte solutions and offer resistance to vibrations and extreme temperatures. Lithium-ion, nickel-based, lithium titanate, lithium magnesium oxide and lead-based batteries are some of the commonly available variants. They are widely used in medical equipment, uninterruptible power source (UPS), safety alarms, tracking systems and automobile accessories. In comparison to the traditionally used consumer batteries, industrial variants have longer operation life and can be utilized in extreme environments and remote locations. As a result, industrial batteries are extensively used in energy, grid storage, utility, and telecommunication systems.
Industrial Batteries Market Trends:
Rapid industrialization and increasing requirement for factory automation across the globe are among the key factors driving the growth of the market. The rising requirement for continuous and reliable sources of energy is leading to the widespread adoption of industrial batteries to power heavy-duty equipment. Additionally, the increasing utilization of lithium-ion (Li-ion) batteries across industries is favouring the market growth. Li-ion batteries are widely used in surveillance and alarm systems, industrial electronics, and solar power backup storage systems. Moreover, various product innovations, such as the launch of green industrial batteries that assist in reducing carbon footprint and are environmentally friendly, are providing a thrust to the market growth. In line with this, the increasing product utilization in health monitoring systems, critical care equipment and power cleaning tools in hospitals and healthcare centres is positively impacting the market growth. Other factors, including the rising demand for electric vehicles (EVs), along with the widespread product adoption in the manufacturing industry, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial batteries market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on drive type, technology and application.
Breakup by Drive Type:
Electric
Hydraulic
Others
Breakup by Technology:
Lithium-Ion Battery
Lead-Acid Battery
Others
Breakup by Application:
Forklift
Telecom
UPS
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Amara Raja Group, American Battery Solutions, Bulldog Battery Corporation, C&D Technologies Inc., EnerSys, Exide Industries Limited, GS Yuasa Corporation, Industrial Battery & Services Inc., Johnson Controls International, Panasonic Corporation and Saft (TotalEnergies SE).
Key Questions Answered in This Report
- 1. What was the size of the global industrial batteries market in 2023?
- 2. What is the expected growth rate of the global industrial batteries market during 2024-2032?
- 3. What are the key factors driving the global industrial batteries market?
- 4. What has been the impact of COVID-19 on the global industrial batteries market?
- 5. What is the breakup of the global industrial batteries market based on the technology?
- 6. What are the key regions in the global industrial batteries market?
- 7. Who are the key players/companies in the global industrial batteries market?
Product Code: SR112024A4851
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Industrial Batteries Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Drive Type
- 6.1 Electric
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Hydraulic
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Others
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Lithium-Ion Battery
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Lead-Acid Battery
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Application
- 8.1 Forklift
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Telecom
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 UPS
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Others
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Amara Raja Group
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 American Battery Solutions
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Bulldog Battery Corporation
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 C&D Technologies Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 SWOT Analysis
- 14.3.6 EnerSys
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Exide Industries Limited
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 GS Yuasa Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Industrial Battery & Services Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 Johnson Controls International
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Panasonic Corporation
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Saft (TotalEnergies SE)
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
Product Code: SR112024A4851
List of Figures
- Figure 1: Global: Industrial Batteries Market: Major Drivers and Challenges
- Figure 2: Global: Industrial Batteries Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Industrial Batteries Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Industrial Batteries Market: Breakup by Drive Type (in %), 2023
- Figure 5: Global: Industrial Batteries Market: Breakup by Technology (in %), 2023
- Figure 6: Global: Industrial Batteries Market: Breakup by Application (in %), 2023
- Figure 7: Global: Industrial Batteries Market: Breakup by Region (in %), 2023
- Figure 8: Global: Industrial Batteries (Electric) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Industrial Batteries (Electric) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Industrial Batteries (Hydraulic) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Industrial Batteries (Hydraulic) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Industrial Batteries (Other Drive Types) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Industrial Batteries (Other Drive Types) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Industrial Batteries (Lithium-Ion Battery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Industrial Batteries (Lithium-Ion Battery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Industrial Batteries (Lead-Acid Battery) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Industrial Batteries (Lead-Acid Battery) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Industrial Batteries (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Industrial Batteries (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Industrial Batteries (Forklift) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Industrial Batteries (Forklift) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Industrial Batteries (Telecom) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Industrial Batteries (Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Industrial Batteries (UPS) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Industrial Batteries (UPS) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Industrial Batteries (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Industrial Batteries (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia-Pacific: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia-Pacific: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Industrial Batteries Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Industrial Batteries Market: Breakup by Country (in %), 2023
- Figure 76: Middle East and Africa: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Global: Industrial Batteries Industry: SWOT Analysis
- Figure 78: Global: Industrial Batteries Industry: Value Chain Analysis
- Figure 79: Global: Industrial Batteries Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Industrial Batteries Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Industrial Batteries Market Forecast: Breakup by Drive Type (in Million US$), 2024-2032
- Table 3: Global: Industrial Batteries Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 4: Global: Industrial Batteries Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Industrial Batteries Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Industrial Batteries Market: Competitive Structure
- Table 7: Global: Industrial Batteries Market: Key Players
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