PUBLISHER: The Business Research Company | PRODUCT CODE: 1877766
PUBLISHER: The Business Research Company | PRODUCT CODE: 1877766
A genset battery is a specially engineered battery that supplies the necessary electrical power to start the engine of a generator set, ensuring dependable ignition whenever the generator is activated. Along with its primary role of engine cranking, the genset battery also powers auxiliary systems such as the control panel, monitoring equipment, and safety devices, supporting smooth operation and consistent power delivery during outages or continuous use.
The key types of genset batteries include lead-acid batteries, lithium-ion batteries, nickel-cadmium batteries, gel batteries, and absorbent glass mat (AGM) batteries. Lead-acid batteries comprise cells with lead plates submerged in sulfuric acid, generating electrical energy through chemical reactions. They are available in different capacities, including below 100 mAh, 101-200 mAh, 201-500 mAh, and above 500 mAh, and are distributed through both offline and online channels. These batteries are used in applications such as residential, commercial, and industrial power systems, telecommunications, and renewable energy storage, serving end-users across sectors such as utilities, oil and gas, manufacturing, construction, marine, and others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The rapid rise in U.S. tariffs and the subsequent trade frictions in spring 2025 are having a major impact on the electrical and electronics sector, with semiconductors, display panels, and rare-earth metals (essential for batteries and motors) subject to steep duties. Consumer electronics brands face profit erosion, as competitive markets limit their ability to pass costs to buyers. Industrial electronics manufacturers, meanwhile, grapple with delayed projects due to shortages of tariff-impacted components like printed circuit boards. Companies are responding by relocating assembly to tariff-exempt countries, increasing inventory buffers, and redesigning products to reduce dependency on restricted materials.
The genset batteries market research report is one of a series of new reports from The Business Research Company that provides genset batteries market statistics, including genset batteries industry global market size, regional shares, competitors with a genset batteries market share, detailed genset batteries market segments, market trends and opportunities, and any further data you may need to thrive in the genset batteries industry. This genset batteries market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The genset battery market size has grown strongly in recent years. It will grow from $8.46 billion in 2024 to $9.03 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the increasing demand for uninterrupted power supply, the rising frequency of power outages, the growth in data center construction, the expansion of telecommunication networks, and the rising industrialization in emerging economies.
The genset battery market size is expected to see strong growth in the next few years. It will grow to $11.59 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising demand for data centers and cloud storage, increasing severity and frequency of weather-related power outages, growth of 5G network infrastructure deployment, rising adoption of lithium-ion batteries for gensets, and increasing investments in smart grid and microgrid systems. Major trends in the forecast period include advancement in lithium-ion battery technology, development of smart battery monitoring systems, innovation in lead-acid designs for enhanced performance, integration of genset batteries with hybrid energy systems, and integration of the Internet of Things (IoT).
The rising energy generation and storage demand is expected to drive the growth of the genset battery market going forward. Energy generation and storage demand refers to the need for producing electricity and storing it for future use to ensure a stable and continuous power supply. The demand is increasing due to the growing integration of renewable energy sources, which require efficient storage systems to maintain grid stability and ensure a reliable energy supply. Genset batteries play a vital role in supporting energy generation and storage by efficiently storing surplus power from generators and renewable sources, ensuring uninterrupted electricity availability, and providing dependable backup during power outages for industrial, commercial, and residential applications. For instance, in April 2024, according to the Department of Climate Change, Energy, the Environment, and Water, an Australia-based government department, Australia's total electricity generation remained steady in 2023 at approximately 273,106 gigawatt hours (GWh). Renewable energy contributed about 95,963 GWh, accounting for 35% of the country's total generation, representing a 3-percentage-point increase compared to 2022. Therefore, the rising energy generation and storage demand is fueling the growth of the genset battery market.
Key companies operating in the genset battery market are focusing on introducing innovative technologies such as lithium-ion-based electronic gensets to enhance energy efficiency, minimize operational downtime, and extend lifecycle performance compared to traditional lead-acid batteries. A lithium-ion-based electronic genset is a generator system that utilizes lithium-ion batteries and electronic controls to provide efficient, reliable, and low-maintenance backup or off-grid power. For instance, in May 2023, Su-vastika Systems Private Limited, an India-based power backup and energy storage solutions company, launched a lithium-ion-based electronic genset named Power on Wheels, offering an eco-friendly, silent, and cost-effective alternative to conventional diesel generators. This genset features lithium batteries that fully charge within 4 to 5 hours, have a lifespan of 5 to 7 years, and offer customizable capacity and backup duration. It supports various load types, integrates with solar power, and requires no maintenance while producing zero emissions, making it suitable for commercial spaces, hospitals, and residential areas. It also reduces operational costs and carbon emissions compared to diesel gensets while providing instant power switching to protect sensitive equipment.
In May 2024, DEUTZ AG, a Germany-based manufacturer of diesel engines, acquired Blue Star Power Systems Inc. for an undisclosed amount. Through this acquisition, DEUTZ is advancing its transformation from a component manufacturer to a complete solutions provider. The acquisition of Blue Star Power Systems is expected to generate additional annual revenue exceeding $100 million, with potential to surpass $150 million in the medium term. Blue Star Power Systems Inc. is a US-based manufacturer of genset batteries.
Major players in the genset battery market are Cummins Inc., EnerSys Inc., Camel Group Co. Ltd., Exide Industries Limited, Amaron Batteries Private Limited, Saft S.A., HOPPECKE Batterien GmbH & Co. KG, C&D Technologies Inc., Crown Battery Manufacturing Company, Mutlu Aku Sanayi ve Ticaret A.S., Shenzhen EverExceed Industrial Co., Ltd., MIDAC S.p.A., GS Yuasa International Ltd., Leoch Batteries India Private Limited, Microtex Energy Private Limited, Calibre Power Controls, Clarios International Inc., Kay Kay Industries, SF Batteries, YBK Industries Private Limited.
Asia-Pacific was the largest region in the genset battery market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in genset battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the genset battery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The genset battery market consists of sales of starter batteries, emergency power systems, industrial gensets, marine genset batteries, and military genset batteries. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Genset Battery Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on genset battery market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for genset battery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The genset battery market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.