Report Detail

The global industrial battery market was valued at US$ 12,501.9 million in 2019 and is projected to reach US$ 21,893.5 million by 2027; it is expected to grow at a CAGR of 7.3% during 2020–2027.

The growing scope for industrial equipment, development of mining and marine sectors, stringent environmental regulations, and reduced labor costs associated with battery recycling in APAC are some of the significant factors boosting the Asia Pacific industrial battery market growth. Japan has a legislation requirement for batteries similar to that of Europe. Japan Portable Rechargeable Battery Recycle Centre (JBRC), is a non-profit organization that provides used battery collection boxes for recycling across the country. The production of lithium-ion industrial battery has increased in the region, owing to their capability to deliver superior performance with less self-discharging rate. The increased production of Lithium-ion batteries is further driving the industrial battery market in Asia Pacific. The presence of strong battery manufacturing base in Asia has enabled quick scaling up of the production volume and further development and optimization of the technology. The aforementioned factors are likely to propel the growth of the industrial battery market during the forecast period.

Despite growing community concern regarding the negative impact of waste lithium-ion batteries on the environment and public health, there is lack of appropriate policies and collection systems for used batteries in China. However, the importance of the raw materials, such as cobalt and nickel used in battery manufacturing, is creating awareness among the manufacturers and the government to regulate industrial battery properly.
The market for industrial battery is broadly segmented into type, application, and geography. Based on type, the industrial battery market is segmented into lead-acid batteries, lithium-based batteries, nickel-based batteries, and others. Based on applications, the industrial battery market is segmented into telecom & data communication, industrial equipment, uninterruptible power supply (Ups)/Backup, mining, marine, and others. Based on geography, the global industrial battery market is segmented into five regions—North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Exide Technologies Inc., Enersys Inc., Saft Groupe S.A., GS Yuasa Corporation, LG Chem, Panasonic Corporation, Robert Bosch GmbH, East Penn Manufacturing Company, Saft Groupe SA, C&D Technologies, Inc., and General Electric Company are among the key players present in the global industrial battery market.

The overall size of global industrial battery market is analyzed using primary and secondary sources. The research process begins with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global industrial battery market. It also provides an overview and forecast for the industrial battery market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate and analyze the data. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specialized in industrial batteries.


TABLE OF CONTENTS

    1. Introduction

    • 1.1 Study Scope
    • 1.2 The Insight Partners Research Report Guidance
    • 1.3 Market Segmentation

    2. Key Takeaways

      3. Research Methodology

      • 3.1 Coverage
      • 3.2 Secondary Research
      • 3.3 Primary Research

      4. Industrial Battery Market Landscape

      • 4.1 Market Overview
      • 4.2 PEST Analysis
        • 4.2.1 North America – PEST Analysis
        • 4.2.2 Europe – PEST Analysis
        • 4.2.3 Asia-Pacific – PEST Analysis
        • 4.2.4 Middle East & Africa – PEST Analysis
        • 4.2.5 South America – PEST Analysis
      • 4.3 Ecosystem Analysis
      • 4.4 Expert Opinion
      • 4.5 Premium Insights
        • 4.5.1 Forklift Truck Battery Market –Revenue and Forecast to 2027 (US$ Million)
        • 4.5.2 Forklift Truck Batteries Market by Battery Type
        • 4.5.3 Forklift Truck Battery Market by Sales Channel
        • 4.5.4 Forklift Truck Battery Market by Capacity

      5. Industrial Battery Market – Key Market Dynamics

      • 5.1 Market Drivers
        • 5.1.1 Growing demand for grid-connected solutions to ensure uninterruptable power supply
        • 5.1.2 Increasing requirement of lithium-ion batteries
      • 5.2 Market Restraints
        • 5.2.1 High capital investments required for deployment
      • 5.3 Opportunity
        • 5.3.1 Growing adoption of electric vehicles in Industrial sector
      • 5.4 Trends:
        • 5.4.1 Adoption of advanced technologies such as IoT across various industries
      • 5.5 Impact Analysis of Drivers And Restraints

      6. Industrial Battery – Global Market Analysis

      • 6.1 Overview
      • 6.2 Industrial Battery Market –Revenue and Forecast to 2027 (US$ Million)
      • 6.3 Market Positioning – Five Key Players

      7. Industrial Battery Market Analysis – By Type

      • 7.1 Overview
      • 7.2 Industrial Battery Market, By Type (2019 and 2027)
      • 7.3 Lead-Acid Batteries
        • 7.3.1 Overview
        • 7.3.2 Lead-Acid Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 7.4 Lithium-Based Batteries
        • 7.4.1 Overview
        • 7.4.2 Lithium-Based Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 7.5 Nickel-Based Batteries
        • 7.5.1 Overview
        • 7.5.2 Nickel-Based Batteries: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 7.6 Others
        • 7.6.1 Overview
        • 7.6.2 Others: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)

      8. Industrial Battery Market Analysis – By Application

      • 8.1 Overview
      • 8.2 Industrial Battery Market, By Application (2019 and 2027)
      • 8.3 Telecom and Data Communication
        • 8.3.1 Overview
        • 8.3.2 Telecom and Data Communication: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 8.4 Industrial Equipment
        • 8.4.1 Overview
        • 8.4.2 Industrial Equipment: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 8.5 Uninterruptible Power Supply (UPS) Backup
        • 8.5.1 Overview
        • 8.5.2 Uninterruptible Power Supply (UPS) Backup: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 8.6 Grid-Level Energy Storage
        • 8.6.1 Overview
        • 8.6.2 Grid-Level Energy Storage: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 8.7 Mining
        • 8.7.1 Overview
        • 8.7.2 Mining: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 8.8 Marine
        • 8.8.1 Overview
        • 8.8.2 Marine: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
      • 8.9 Others
        • 8.9.1 Overview
        • 8.9.2 Others: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)

      9. Industrial Battery Market – Geographic Analysis

      • 9.1 Overview
      • 9.2 North America: Industrial Battery Market
        • 9.2.1 North America: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
        • 9.2.2 North America: Industrial Battery Market, by Type
        • 9.2.3 North America: Industrial Battery Market, by Application
        • 9.2.4 North America: Industrial Battery Market, by Key Country
          • 9.2.4.1 US: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
          • 9.2.4.1.1 US: Industrial Battery Market, by Type
          • 9.2.4.1.2 US: Industrial Battery Market, by Application
          • 9.2.4.2 Canada: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
          • 9.2.4.2.1 Canada: Industrial Battery Market, by Type
          • 9.2.4.2.2 Canada: Industrial Battery Market, by Application
          • 9.2.4.3 Mexico: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
          • 9.2.4.3.1 Mexico: Industrial Battery Market, by Type
          • 9.2.4.3.2 Mexico: Industrial Battery Market, by Application
          • 9.3 Europe: Industrial Battery Market
            • 9.3.1 Europe: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
            • 9.3.2 Europe: Industrial Battery Market, by Type
            • 9.3.3 Europe: Industrial Battery Market, by Application
            • 9.3.4 Europe: Industrial Battery Market, by Key Country
              • 9.3.4.1 Germany: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
              • 9.3.4.1.1 Germany: Industrial Battery Market, by Type
              • 9.3.4.1.2 Germany: Industrial Battery Market, by Application
              • 9.3.4.2 France: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
              • 9.3.4.2.1 France: Industrial Battery Market, by Type
              • 9.3.4.2.2 France: Industrial Battery Market, by Application
              • 9.3.4.3 Italy: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
              • 9.3.4.3.1 Italy: Industrial Battery Market, by Type
              • 9.3.4.3.2 Italy: Industrial Battery Market, by Application
              • 9.3.4.4 UK: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
              • 9.3.4.4.1 UK: Industrial Battery Market, by Type
              • 9.3.4.4.2 UK: Industrial Battery Market, by Application
              • 9.3.4.5 Russia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
              • 9.3.4.5.1 Russia: Industrial Battery Market, by Type
              • 9.3.4.5.2 Russia: Industrial Battery Market, by Application
              • 9.3.4.6 Rest of Europe: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
              • 9.3.4.6.1 Rest of Europe: Industrial Battery Market, by Type
              • 9.3.4.6.2 Rest of Europe: Industrial Battery Market, by Application
              • 9.4 APAC: Industrial Battery Market
                • 9.4.1 APAC: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                • 9.4.2 APAC: Industrial Battery Market, by Type
                • 9.4.3 APAC: Industrial Battery Market, by Application
                • 9.4.4 APAC: Industrial Battery Market, by Key Country
                  • 9.4.4.1 Australia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                  • 9.4.4.1.1 Australia: Industrial Battery Market, by Type
                  • 9.4.4.1.2 Australia: Industrial Battery Market, by Application
                  • 9.4.4.2 China: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                  • 9.4.4.2.1 China: Industrial Battery Market, by Type
                  • 9.4.4.2.2 China: Industrial Battery Market, by Application
                  • 9.4.4.3 India: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                  • 9.4.4.3.1 India: Industrial Battery Market, by Type
                  • 9.4.4.3.2 India: Industrial Battery Market, by Application
                  • 9.4.4.4 Japan: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                  • 9.4.4.4.1 Japan: Industrial Battery Market, by Type
                  • 9.4.4.4.2 Japan: Industrial Battery Market, by Application
                  • 9.4.4.5 South Korea: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                  • 9.4.4.5.1 South Korea: Industrial Battery Market, by Type
                  • 9.4.4.5.2 South Korea: Industrial Battery Market, by Application
                  • 9.4.4.6 Rest of APAC: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                  • 9.4.4.6.1 Rest of APAC: Industrial Battery Market, by Type
                  • 9.4.4.6.2 Rest of APAC: Industrial Battery Market, by Application
                  • 9.5 MEA: Industrial Battery Market
                    • 9.5.1 MEA: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                    • 9.5.2 MEA: Industrial Battery Market, by Type
                    • 9.5.3 MEA: Industrial Battery Market, by Application
                    • 9.5.4 MEA: Industrial Battery Market, by Key Country
                      • 9.5.4.1 South Africa: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                      • 9.5.4.1.1 South Africa: Industrial Battery Market, by Type
                      • 9.5.4.1.2 South Africa: Industrial Battery Market, by Application
                      • 9.5.4.2 Saudi Arabia: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                      • 9.5.4.2.1 Saudi Arabia: Industrial Battery Market, by Type
                      • 9.5.4.2.2 Saudi Arabia: Industrial Battery Market, by Application
                      • 9.5.4.3 UAE: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                      • 9.5.4.3.1 UAE: Industrial Battery Market, by Type
                      • 9.5.4.3.2 UAE: Industrial Battery Market, by Application
                      • 9.5.4.4 Rest of MEA: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                      • 9.5.4.4.1 Rest of MEA: Industrial Battery Market, by Type
                      • 9.5.4.4.2 Rest of MEA: Industrial Battery Market, by Application
                      • 9.6 SAM: Industrial Battery Market
                        • 9.6.1 SAM: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                        • 9.6.2 SAM: Industrial Battery Market, by Type
                        • 9.6.3 SAM: Industrial Battery Market, by Application
                        • 9.6.4 SAM: Industrial Battery Market, by Key Country
                          • 9.6.4.1 Brazil: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                          • 9.6.4.1.1 Brazil: Industrial Battery Market, by Type
                          • 9.6.4.1.2 Brazil: Industrial Battery Market, by Application
                          • 9.6.4.2 Argentina: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                          • 9.6.4.2.1 Argentina: Industrial Battery Market, by Type
                          • 9.6.4.2.2 Argentina: Industrial Battery Market, by Application
                          • 9.6.4.3 Rest of SAM: Industrial Battery Market – Revenue and Forecast to 2027 (US$ Million)
                          • 9.6.4.3.1 Rest of SAM: Industrial Battery Market, by Type
                          • 9.6.4.3.2 Rest of SAM: Industrial Battery Market, by Application

                          10. Industry Landscape

                          • 10.1 Overview
                          • 10.2 Market Initiative
                          • 10.3 Merger and Acquisition
                          • 10.4 New Development

                          11. Key Company Profiles

                          • 11.1 C&D Technologies, Inc.
                            • 11.1.1 Key Facts
                            • 11.1.2 Business Description
                            • 11.1.3 Products and Services
                            • 11.1.4 Financial Overview
                            • 11.1.5 SWOT Analysis
                            • 11.1.6 Key Developments
                          • 11.2 East Penn Manufacturing Company
                            • 11.2.1 Key Facts
                            • 11.2.2 Business Description
                            • 11.2.3 Products and Services
                            • 11.2.4 Financial Overview
                            • 11.2.5 SWOT Analysis
                            • 11.2.6 Key Developments
                          • 11.3 EnerSys
                            • 11.3.1 Key Facts
                            • 11.3.2 Business Description
                            • 11.3.3 Products and Services
                            • 11.3.4 Financial Overview
                            • 11.3.5 SWOT Analysis
                            • 11.3.6 Key Developments
                          • 11.4 Exide Industries Limited
                            • 11.4.1 Key Facts
                            • 11.4.2 Business Description
                            • 11.4.3 Products and Services
                            • 11.4.4 Financial Overview
                            • 11.4.5 SWOT Analysis
                            • 11.4.6 Key Developments
                          • 11.5 General Electric Company
                            • 11.5.1 Key Facts
                            • 11.5.2 Business Description
                            • 11.5.3 Products and Services
                            • 11.5.4 Financial Overview
                            • 11.5.5 SWOT Analysis
                            • 11.5.6 Key Developments
                          • 11.6 GS Yuasa International Ltd.
                            • 11.6.1 Key Facts
                            • 11.6.2 Business Description
                            • 11.6.3 Products and Services
                            • 11.6.4 Financial Overview
                            • 11.6.5 SWOT Analysis
                            • 11.6.6 Key Developments
                          • 11.7 LG Chem
                            • 11.7.1 Key Facts
                            • 11.7.2 Business Description
                            • 11.7.3 Products and Services
                            • 11.7.4 Financial Overview
                            • 11.7.5 SWOT Analysis
                            • 11.7.6 Key Developments
                          • 11.8 Panasonic Corporation
                            • 11.8.1 Key Facts
                            • 11.8.2 Business Description
                            • 11.8.3 Products and Services
                            • 11.8.4 Financial Overview
                            • 11.8.5 SWOT Analysis
                            • 11.8.6 Key Developments
                          • 11.9 Robert Bosch GmbH
                            • 11.9.1 Key Facts
                            • 11.9.2 Business Description
                            • 11.9.3 Products and Services
                            • 11.9.4 Financial Overview
                            • 11.9.5 SWOT Analysis
                            • 11.9.6 Key Developments
                          • 11.10 Saft Groupe SA
                            • 11.10.1 Key Facts
                            • 11.10.2 Business Description
                            • 11.10.3 Products and Services
                            • 11.10.4 Financial Overview
                            • 11.10.5 SWOT Analysis
                            • 11.10.6 Key Developments

                          12. Appendix

                          • 12.1 About The Insight Partners
                          • 12.2 Word Index

      Summary:
      Get latest Market Research Reports on Industrial Battery . Industry analysis & Market Report on Industrial Battery is a syndicated market report, published as Industrial Battery Market to 2027 - Global Analysis and Forecasts by Type (Lead-acid Batteries, Lithium-based Batteries, Nickel-based Batteries, Others); Application (Telecom & Data Communication, Industrial Equipment, Uninterruptible Power Supply (Ups)/Backup, Mining, Marine, Others). It is complete Research Study and Industry Analysis of Industrial Battery market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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