Global Industrial Battery Market Growth 2023-2029

Global Industrial Battery Market Growth 2023-2029

An individual battery or a battery pack designed exclusively for professional or industrial use is an industrial battery. An industrial battery consists of two electrodes connected by an electrolyte, which allows the flow of current, converting chemical energy to electric power. Industrial batteries are the energy source for most suppliers and manufacturers and lead-acid based, lithium based and nickel based batteries are the common families of industrial batteries.

LPI (LP Information)' newest research report, the “Industrial Battery Industry Forecast” looks at past sales and reviews total world Industrial Battery sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial Battery sales for 2023 through 2029. With Industrial Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial Battery industry.

This Insight Report provides a comprehensive analysis of the global Industrial Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Industrial Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Industrial Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial Battery and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Industrial Battery.

The global Industrial Battery market size is projected to grow from US$ 9634.8 million in 2022 to US$ 13390 million in 2029; it is expected to grow at a CAGR of 13390 from 2023 to 2029.

Industrial batteries are rigid and generally used in difficult-to-reach or remote areas where appliances need to be self-powered. In these situations, replacement or re-charging of batteries is not an easy alternative or is entirely impossible. Hence, failure of battery often results in device failure. Therefore, it is essential that industrial batteries are capable of providing reliable power to devices, so they may operate for as long as needed.

This report presents a comprehensive overview, market shares, and growth opportunities of Industrial Battery market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Lead-acid Batteries
Lithium-based Batteries
Nickel-based Batteries
Others

Segmentation by application
Telecom & Data Communication
Industrial Equipment
Uninterruptible Power Supply (UPS)/Backup
Grid-Level Energy Storage
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Johnson Controls (US)
Exide Technologies (US)
EnerSys (US)
SAFT (France)
GS Yuasa (Japan)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Industrial Battery market?

What factors are driving Industrial Battery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Industrial Battery market opportunities vary by end market size?

How does Industrial Battery break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.