PUBLISHER: Lucintel | PRODUCT CODE: 1416736
PUBLISHER: Lucintel | PRODUCT CODE: 1416736
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 $35.1 billion by 2030 with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are rising adoption of renewable energy sources and growing demand for backup power.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global industrial battery by battery type, application, end use, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies industrial battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the industrial battery companies profiled in this report include-
Lucintel forecasts that lead-acid is expected to witness the highest growth over the forecast period due to its various advantages, such as lower cost, reliability, and easier maintenance.
Within this market, telecom & data communication is expected to witness the highest growth.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization and presence of key players in this region.
Market Size Estimates: Industrial battery market size estimation in terms of value ($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.
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:
Q6. Which industrial battery market segment will be the largest in future?
Answer: Lucintel 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, Lucintel provides 10% customization without any additional cost.