Global Industrial Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Battery Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Industrial Battery market finds that the global Industrial Battery market reached a value of USD 18599.54 million in 2022. It’s expected that the market will achieve USD 26314.41 million by 2028, exhibiting a CAGR of 5.95% during the forecast period.

Market Risk

The IMF pointed out that the global economic growth rate has weakened. It is expected that the global economy will grow by 3.5% in 2019 and will increase by 3.6% in 2020, which is 0.2 and 0.1 percentage points lower than the forecast in October last year.
Skin may be burned when handling lead-acid batteries. Sulfuric acid is an acid used in lead-acid batteries and is corrosive. If a worker comes into contact with sulfuric acid when pouring sulfuric acid or touching a leaking battery, it will burn and destroy the skin. It is corrosive to all other body tissues.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

EnerSys is one of the major players operating in the Industrial Battery market, holding a share of 16.75% in 2019.

EnerSys manufactures, markets, and distributes industrial batteries. The Company also manufactures, markets, and distributes related products such as chargers, power equipment, and battery accessories. EnerSys provides related after-market and customersupport services for lead-acid industrial batteries.

Exide Technologies produces and recycles lead-acid batteries. The Company's global transportation and industrial energy groups provide a range of stored electrical energy products and services for industrial and transportation applications.

Segmentation Overview:

Among different product types, Lead-acid Batteries segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Industrial Equipment segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Industrial Battery market covered in Chapter 3:

Exide Technologies
East Penn Manufacturing
Leoch
Hoppecke
Saft Groupe
Crown
EnerSys
China Shoto
Vision
C&D Technologies
Coslight
Sacred Sun
GS Yuasa
Exide Industries
Narada
Amara Raja
Hitachi Chemical
Northstar

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Battery market from 2018 to 2029 is primarily split into:

Lead-acid Batteries
Lithium-based Batteries
Nickel-based Batteries
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Battery market from 2018 to 2029 covers:

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

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)