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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1098774

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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1098774

Industrial Batteries Market Share, Size, Trends, Industry Analysis Report, By Type (Lithium-based, Lead-acid, Nickel-based, Others); By Application; By Region; Segment Forecast, 2022 - 2030

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The global industrial batteries market size is expected to reach USD 36.24 billion by 2030, according to a new study by Polaris Market Research. The report "Industrial Batteries Market Share, Size, Trends, Industry Analysis Report, By Type (Lithium-based, Lead-acid, Nickel-based, Others); By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The lithium-ion battery is expected to exhibit considerable growth during the forecast period. The battery has witnessed the fastest growth due to factors such as lightweight, longer shelf life, portability, and recyclability. This has increased their adoption in various applications and thus boosted the growth of the industry.

Asia-Pacific is expected to lead the global market with maximum share during the forecast period. Increasing urbanization, growing research and development activities, expansion of international players in this region, and technological advancements are some factors attributing to the growth. The growth in countries such as China, India, and Japan and the strengthening telecommunication sector have further increased the demand for the product in the region.

The key players of the industry are Amara Raja Group, American Battery Solutions, Bulldog Battery Corporation, C&D Technologies, Inc., East Penn Manufacturing Co., Exide Technologies, GS Yuasa Corporation, Johnson Controls International, Leoch International Technology Limited Inc., LG Chem, NorthStar Battery Company LLC, Panasonic Corporation, Samsung SDI, TotalEnergies SE, and Victron Energy.

Rapid industrialization and an increase in the requirement for automation of factories across the globe are the key factors driving the growth of the industry. The demand is expected to grow as a result of factors such as a rise in lithium-ion battery adoption in the renewable sector and increasing demand for grid energy storage systems.

Industrial Batteries Market Report Highlights

The lead-acid batteries segment accounted for a major share in 2020. The lead-acid battery segment has been growing due to the rapid technological advancements and expansion in the telecom sector. These are cost-competitive and easily recyclable as compared to lithium-ion batteries.

The telecommunications segment is expected to grow at a significant rate due to an abundance of IT companies in developing countries. Industrial batteries, compared to consumer batteries, have a longer operating life and can be used in harsh situations and isolated areas. As a result, they are widely employed in energy, grid storage, utility, and telecommunications systems. The increased use of industrial batteries in telecom and data communications due to cost-effectiveness and improved discharge and charge efficiency is expected to drive the industry.

The Asia Pacific region is expected to register the highest revenue in the global market. The industry is expanding due to the rising economic growth rate supported by investments in industrial development, driving the growth of the market.

Polaris Market Research has segmented the industrial batteries market report based on type, application, and region:

Industrial Batteries, Type Outlook (Revenue - USD Billion, 2018 - 2030)

Lithium-based

Lead-acid

Nickel-based

Others

Industrial Batteries, Application Outlook (Revenue - USD Billion, 2018 - 2030)

Motive Power

Telecommunication

Electric Grid Storage

Others

Industrial Batteries, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Product Code: PM2475

Table of Contents

1. Introduction

  • 1.1. Report Description
    • 1.1.1. Objectives of the Study
    • 1.1.2. Market Scope
    • 1.1.3. Assumptions
  • 1.2. Stakeholders

2. Executive Summary

  • 2.1. Market Highlights

3. Research Methodology

  • 3.1. Overview
    • 3.1.1. Data Mining
  • 3.2. Data Sources
    • 3.2.1. Primary Sources
    • 3.2.2. Secondary Sources

4. Global Industrial Batteries Market Insights

  • 4.1. Industrial Batteries Market - Industry Snapshot
  • 4.2. Industrial Batteries Market Dynamics
    • 4.2.1. Drivers and Opportunities
      • 4.2.1.1. The rising adoption of lithium-ion batteries in the renewable energy sector
      • 4.2.1.2. Increasing battery innovation
    • 4.2.2. Restraints and Challenges
      • 4.2.2.1. The availability of low-cost substitutes
  • 4.3. Porter's Five Forces Analysis
    • 4.3.1. Bargaining Power of Suppliers (Moderate)
    • 4.3.2. Threats of New Entrants: (Low)
    • 4.3.3. Bargaining Power of Buyers (Moderate)
    • 4.3.4. Threat of Substitute (Moderate)
    • 4.3.5. Rivalry among existing firms (High)
  • 4.4. PESTLE Analysis
  • 4.5. Industrial Batteries Industry trends
  • 4.6. Value Chain Analysis
  • 4.7. COVID-19 Impact Analysis

5. Global Industrial Batteries Market, by Type

  • 5.1. Key Findings
  • 5.2. Introduction
    • 5.2.1. Global Industrial Batteries, by Type, 2018 - 2030 (USD Billion)
  • 5.3. Lithium-based
    • 5.3.1. Global Industrial Batteries Market, by Lithium-based, by Region, 2018 - 2030 (USD Billion)
  • 5.4. Lead-acid
    • 5.4.1. Global Industrial Batteries Market, by Lead-acid, by Region, 2018 - 2030 (USD Billion)
  • 5.5. Nickel-based
    • 5.5.1. Global Industrial Batteries Market, by Nickel-based, by Region, 2018 - 2030 (USD Billion)
  • 5.6. Others
    • 5.6.1. Global Other Industrial Batteries Market, by Region, 2018 - 2030 (USD Billion)

6. Global Industrial Batteries Market, by Application

  • 6.1. Key Findings
  • 6.2. Introduction
    • 6.2.1. Global Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • 6.3. Motive Power
    • 6.3.1. Global Industrial Batteries Market, by Motive Power, by Region, 2018 - 2030 (USD Billion)
  • 6.4. Telecommunication
    • 6.4.1. Global Industrial Batteries Market, by Telecommunication, by Region, 2018 - 2030 (USD Billion)
  • 6.5. Electric Grid Storage
    • 6.5.1. Global Industrial Batteries Market, by Electric Grid Storage, by Region, 2018 - 2030 (USD Billion)
  • 6.6. Others
    • 6.6.1. Global Other Industrial Batteries Market, by Region, 2018 - 2030 (USD Billion)

7. Global Industrial Batteries Market, by Geography

  • 7.1. Key findings
  • 7.2. Introduction
    • 7.2.1. Industrial Batteries Market Assessment, By Geography, 2018 - 2030 (USD Billion)
  • 7.3. Industrial Batteries Market - North America
    • 7.3.1. North America: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
    • 7.3.2. North America: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.3.3. Industrial Batteries Market - U.S.
      • 7.3.3.1. U.S.: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.3.3.2. U.S.: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.3.4. Industrial Batteries Market - Canada
      • 7.3.4.1. Canada: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.3.4.2. Canada: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • 7.4. Industrial Batteries Market - Europe
    • 7.4.1. Europe: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
    • 7.4.2. Europe: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.3. Industrial Batteries Market - UK
      • 7.4.3.1. UK: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.3.2. UK: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.4. Industrial Batteries Market - France
      • 7.4.4.1. France: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.4.2. France: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.5. Industrial Batteries Market - Germany
      • 7.4.5.1. Germany: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.5.2. Germany: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.6. Industrial Batteries Market - Italy
      • 7.4.6.1. Italy: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.6.2. Italy: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.7. Industrial Batteries Market - Spain
      • 7.4.7.1. Spain: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.7.2. Spain: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.8. Industrial Batteries Market - Netherlands
      • 7.4.8.1. Netherlands: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.8.2. Netherlands: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.4.9. Industrial Batteries Market - Russia
      • 7.4.9.1. Russia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.4.9.2. Russia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • 7.5. Industrial Batteries Market - Asia Pacific
    • 7.5.1. Asia Pacific: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
    • 7.5.2. Asia Pacific: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.5.3. Industrial Batteries Market - China
      • 7.5.3.1. China: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.5.3.2. China: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.5.4. Industrial Batteries Market - India
      • 7.5.4.1. India: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.5.4.2. India: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.5.5. Industrial Batteries Market - Malaysia
      • 7.5.5.1. Malaysia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.5.5.2. Malaysia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.5.6. Industrial Batteries Market - Japan
      • 7.5.6.1. Japan: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.5.6.2. Japan: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.5.7. Industrial Batteries Market - Indonesia
      • 7.5.7.1. Indonesia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.5.7.2. Indonesia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.5.8. Industrial Batteries Market - South Korea
      • 7.5.8.1. South Korea: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.5.8.2. South Korea: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • 7.6. Industrial Batteries Market - Middle East & Africa
    • 7.6.1. Middle East & Africa: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
    • 7.6.2. Middle East & Africa: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.6.3. Industrial Batteries Market - Saudi Arabia
      • 7.6.3.1. Saudi Arabia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.6.3.2. Saudi Arabia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.6.4. Industrial Batteries Market - UAE
      • 7.6.4.1. UAE: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.6.4.2. UAE: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.6.5. Industrial Batteries Market - Israel
      • 7.6.5.1. Israel: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.6.5.2. Israel: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.6.6. Industrial Batteries Market - South Africa
      • 7.6.6.1. South Africa: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.6.6.2. South Africa: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • 7.7. Industrial Batteries Market - Latin America
    • 7.7.1. Latin America: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
    • 7.7.2. Latin America: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.7.3. Industrial Batteries Market - Mexico
      • 7.7.3.1. Mexico: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.7.3.2. Mexico: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.7.4. Industrial Batteries Market - Brazil
      • 7.7.4.1. Brazil: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.7.4.2. Brazil: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
    • 7.7.5. Industrial Batteries Market - Argentina
      • 7.7.5.1. Argentina: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
      • 7.7.5.2. Argentina: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)

8. Competitive Landscape

  • 8.1. Expansion and Acquisition Analysis
    • 8.1.1. Expansion
    • 8.1.2. Acquisitions
  • 8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

  • 9.1. Amara Raja Group
    • 9.1.1. Company Overview
    • 9.1.2. Financial Performance
    • 9.1.3. Product Benchmarking
    • 9.1.4. Recent Development
  • 9.2. American Battery Solutions
    • 9.2.1. Company Overview
    • 9.2.2. Financial Performance
    • 9.2.3. Product Benchmarking
    • 9.2.4. Recent Development
  • 9.3. Bulldog Battery Corporation
    • 9.3.1. Company Overview
    • 9.3.2. Financial Performance
    • 9.3.3. Product Benchmarking
    • 9.3.4. Recent Development
  • 9.4. C&D Technologies, Inc
    • 9.4.1. Company Overview
    • 9.4.2. Financial Performance
    • 9.4.3. Product Benchmarking
    • 9.4.4. Recent Development
  • 9.5. East Penn Manufacturing Co
    • 9.5.1. Company Overview
    • 9.5.2. Financial Performance
    • 9.5.3. Product Benchmarking
    • 9.5.4. Recent Development
  • 9.6. Exide Technologies
    • 9.6.1. Company Overview
    • 9.6.2. Financial Performance
    • 9.6.3. Product Benchmarking
    • 9.6.4. Recent Development
  • 9.7. GS Yuasa Corporation
    • 9.7.1. Company Overview
    • 9.7.2. Financial Performance
    • 9.7.3. Product Benchmarking
    • 9.7.4. Recent Development
  • 9.8. Johnson Controls International
    • 9.8.1. Company Overview
    • 9.8.2. Financial Performance
    • 9.8.3. Product Benchmarking
    • 9.8.4. Recent Development
  • 9.9. Leoch International Technology Limited Inc
    • 9.9.1. Company Overview
    • 9.9.2. Financial Performance
    • 9.9.3. Product Benchmarking
    • 9.9.4. Recent Development
  • 9.10. LG Chem
    • 9.10.1. Company Overview
    • 9.10.2. Financial Performance
    • 9.10.3. Product Benchmarking
    • 9.10.4. Recent Development
  • 9.11. NorthStar Battery Company LLC
    • 9.11.1. Company Overview
    • 9.11.2. Financial Performance
    • 9.11.3. Product Benchmarking
    • 9.11.4. Recent Development
  • 9.12. Panasonic Corporation
    • 9.12.1. Company Overview
    • 9.12.2. Financial Performance
    • 9.12.3. Product Benchmarking
    • 9.12.4. Recent Development
  • 9.13. Samsung SDI
    • 9.13.1. Company Overview
    • 9.13.2. Financial Performance
    • 9.13.3. Product Benchmarking
    • 9.13.4. Recent Development
  • 9.14. TotalEnergies SE
    • 9.14.1. Company Overview
    • 9.14.2. Financial Performance
    • 9.14.3. Product Benchmarking
    • 9.14.4. Recent Development
  • 9.15. Victron Energy
    • 9.15.1. Company Overview
    • 9.15.2. Financial Performance
    • 9.15.3. Product Benchmarking
    • 9.15.4. Recent Development
Product Code: PM2475

List of Tables

  • Table 1 Global Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 2 Global Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 3 Industrial Batteries Market Assessment, By Geography, 2018 - 2030 (USD Billion)
  • Table 4 North America: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 5 North America: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 6 U.S.: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 7 U.S.: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 8 Canada: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 9 Canada: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 10 Europe: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 11 Europe: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 12 UK: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 13 UK: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 14 France: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 15 France: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 16 Germany: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 17 Germany: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 18 Italy: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 19 Italy: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 20 Spain: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 21 Spain: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 22 Netherlands: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 23 Netherlands: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 24 Russia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 25 Russia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 26 Asia Pacific: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 27 Asia Pacific: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 28 China: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 29 China: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 30 India: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 31 India: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 32 Malaysia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 33 Malaysia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 34 Japan: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 35 Japan: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 36 Indonesia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 37 Indonesia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 38 South Korea: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 39 South Korea: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 40 Middle East & Africa: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 41 Middle East & Africa: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 42 Saudi Arabia: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 43 Saudi Arabia: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 44 UAE: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 45 UAE: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 46 Israel: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 47 Israel: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 48 South Africa: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 49 South Africa: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 50 Latin America: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 51 Latin America: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 52 Mexico: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 53 Mexico: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 54 Brazil: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 55 Brazil: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)
  • Table 56 Argentina: Industrial Batteries Market, by Application, 2018 - 2030 (USD Billion)
  • Table 57 Argentina: Industrial Batteries Market, by Type, 2018 - 2030 (USD Billion)

List of Figures

Figure 1 Global Industrial Batteries Market, 2018 - 2030 (USD Billion)

Figure 2 Integrated Ecosystem

Figure 3 Research Methodology: Top-Down & Bottom-Up Approach

Figure 4 Market by Geography

Figure 5 Porter's Five Forces

Figure 6 Market by Application

Figure 7 Global Industrial Batteries Market, by Application, 2021 & 2030 (USD Billion)

Figure 8 Market by Type

Figure 9 Global Industrial Batteries Market, by Type, 2021 & 2030 (USD Billion)

Figure 10 Industrial Batteries Market Assessment, By Geography, 2018 - 2030 (USD Billion)

Figure 11 Strategic Analysis - Industrial Batteries Market

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Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

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