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Global Industrial Batteries Market With Covid-19 Impact Analysis, By Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Forecast to 2027

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    Report

  • 254 Pages
  • April 2022
  • Region: Global
  • Markets and Markets
  • ID: 3849658
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Increasing Demand for Plug-In Vehicles

The global Industrial batteries market size is projected to grow from USD 18.1 billion in 2022 to USD 28.1 billion by 2027, at a CAGR of 9.2% between 2022 and 2027. The Industrial batteries market is expected to grow at a moderate growth rate owing to factors such as increasing demand in plug-in vehicles, rising adoption of lithium-ion batteries in renewable energy sector, and increasing demand for grid energy storage systems owing to ongoing grid modernization. Availability of low-cost substitutes and issues related to transportation and storage of used or spent batteries are hindering the growth of Industrial batteries market.



Lithium-ion industrial batteries is projected to witness considerable CAGR during the forecast period


Lithium-ion industrial batteries market is projected to witness a considerable growth during the forecast period. The growth in this segment is attributed to its properties such as  lightweight, portable, and smaller in size as compared to other types of batteries, which has increased their adoption in various applications.  
 

The Stationary segment projected to lead the Industrial batteries market from 2022 to 2027


The stationary segment is the fastest-growing Industrial batteries market by end use. Stationary end-use industry comprises of Telecommunication, UPS and Grid level applications . Grid level has the highest CAGR among all the other applications due to the in-grid and off-grid renewable energy deployments which are witnessing steady growth in developed as well as emerging countries. Batteries have been utilized for energy storage applications over many years. However, recently, the battery storage technology has gained higher traction as a resource to support higher levels of electricity generation from renewable energy.

North America projected to account for the maximum share of the global Industrial batteries market during the forecast period


North America is projected to lead the global Industrial batteries market from 2022 to 2027. North America is the world's leading consumer as well as producer of Industrial batteries. The market in the region is driven because of the developed economies such as US and Canada which have large number of industrial batteries manufacturers as well as consumers. This growth and development are mainly attributed to the high economic growth rate in the region, followed by heavy investments across industries, such as electric vehicle and recreational vehicles.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations operating in the Industrial batteries market. 

  • By Company Type: Tier 1 - 52%, Tier 2 - 31%, and Tier 3 - 17% 
  • By Designation: C-level Executives - 47%, Directors - 31%, and Others - 22% 
  • By Region: North America - 41%, Europe - 30%, Asia Pacific - 19%, and Rest of World - 10%


The global Industrial batteries market comprises major manufacturers such as report  EnerSys, Inc. (US), C&D Technologies, Inc. (US), Exide Industries Ltd. (India), GS Yuasa Corporation (Japan), Crown Batteries (US), East Penn Manufacturing Company (US), Leoch International Technology Limited Inc. (China), Samsung SDI Co., Ltd. (South Korea), LG Chem (South Korea), Narada Power (China), Vision Group (China), Saft Groupe (France), Hoppecke (Germany), Tab (Slovenia), Sunlight (Greece), Yuasa (Thailand), Rolls Battery(Canada), U.S. Battery Manufacturing (US), Victron Energy (Netherlands) and SK Innovation (South Korea).

Research Coverage 


The market study covers the Industrial batteries market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on battery type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the Industrial batteries market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall Industrial batteries market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

Table of Contents

1 Introduction
1.1 Objectives of the Study 1.2 Market Definition 1.3 Study Scope 1.3.1 Markets Covered 1.3.2 Years Considered for the Study 1.4 Currency & Pricing 1.5 Limitations 1.6 Stakeholders
2 Research Methodology
2.1 Research Data 2.1.1 Key Data From Secondary Sources 2.1.2 Key Data From Primary Sources 2.1.2.1 Key Industry Insights 2.1.2.2 Breakdown of Primary Interviews 2.2 Market Size Estimation 2.3 Market Breakdown & Data Triangulation 2.4 Research Assumptions and Limitations 2.4.1 Assumptions 2.4.2 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Industrial Batteries Market 4.2 Industrial Batteries Market, By Battery 4.3 Industrial Batteries Market 4.4 China to Lead the Industrial Batteries Market By 2021 4.5 Industrial Batteries Market, By End-User Industry 4.6 Industrial Batteries Market: Developed & Emerging Nations 4.7 Life Cycle Analysis, By Region
5 Market Overview
5.1 Introduction 5.2 Market Segmentation 5.3 Market Dynamics 5.3.1 Drivers 5.3.1.1 Rising Demand for Grid-Connected Solutions for Uninterruptable Power Supply 5.3.1.2 High Requirement of Lithium-Ion Batteries in Various Applications 5.3.1.3 Government Incentives for Clean Energy Sources and Adoption of Electric Vehicles 5.3.2 Restraints 5.3.2.1 Safety Issues Related to Battery Usage 5.3.2.2 High Capital Investment Requirement 5.3.3 Opportunities 5.3.3.1 High Demand From Datacenters and Telecom Companies 5.3.4 Challenges 5.3.4.1 Upcoming Technologies Including Chemical Energy Storage, Compressed Energy Storage, Pumped Hydro Technology 5.3.4.2 Batteries Have Low Power Density 5.4 Revenue Pocket Matrix 5.4.1 Revenue Pocket Matrix for Industrial Batteries Market, By End-User Industry 5.4.2 Revenue Pocket Matrix for Industrial Batteries Market, By Type 5.5 Industry Trends 5.6 Value Chain Analysis
6 Industrial Batteries Market, By Type
6.1 Introduction 6.2 Market Size & Projection 6.3 Lead-Acid 6.4 Nickel-Based 6.5 Lithium-Based 6.6 Others
7 Industrial Batteries Market, By End-User Industry
7.1 Introduction 7.2 Market Size & Projection 7.3 Telecom & Data Communication 7.4 Uninterruptible Power Supply (UPS)/Backup 7.5 Grid-Level Energy Storage 7.6 Industrial Equipment 7.7 Others
8 Regional Analysis
8.1 Introduction 8.2 Asia-Pacific 8.2.1 India 8.2.2 China 8.2.3 Japan 8.2.4 Indonesia 8.2.5 Australia 8.2.6 Taiwan 8.2.7 South Korea 8.2.8 Rest of Asia-Pacific 8.3 North America 8.3.1 U.S. 8.3.2 Canada 8.3.3 Mexico 8.4 Europe 8.4.1 Germany 8.4.2 France 8.4.3 U.K. 8.4.4 Italy 8.4.5 Spain 8.4.6 Russia 8.4.7 The Netherlands 8.4.8 Rest of Europe 8.5 Middle East & Africa 8.5.1 Iran 8.5.2 Turkey 8.5.3 Egypt 8.5.4 South Africa 8.5.5 Rest of Middle East & Africa 8.6 South & Central America 8.6.1 Brazil 8.6.2 Argentina 8.6.3 Colombia 8.6.4 Rest of South & Central America
9 Competitive Landscape
9.1 Overview 9.2 Competitive Situations and Trends 9.3 Key Growth Strategies in the Industrial Batteries Market, 2010–2016 9.4 New Product Developments 9.5 Expansions 9.6 Agreements 9.7 Mergers & Acquisitions and Joint Ventures 9.8 Partnerships/Contracts
10 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)* 10.1 Johnson Controls Inc. 10.2 Exide Technologies Inc. 10.3 Enersys Inc. 10.4 Saft Groupe S.A. 10.5 GS Yuasa Corporation 10.6 Northstar Battery Company LLC 10.7 C&D Technologies, Inc. 10.8 Robert Bosch GmbH 10.9 East Penn Manufacturing Company *Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies
11 Appendix
11.1 Discussion Guide 11.2 Introducing RT: Real-Time Market Intelligence
List of Tables
Table 1 Industrial Batteries Market, By Type Table 2 Industrial Batteries Market, By End-User Industry Table 3 Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 4 Lead-Acid Industrial Batteries Market Size, By Region, 2014–2021 (USD Million) Table 5 Nickel-Based Industrial Batteries Market Size, By Region, 2014–2021 (USD Million) Table 6 Lithium-Based Industrial Batteries Market Size, By Region, 2014–2021 (USD Million) Table 7 Other Industrial Batteries Market Size, By Region, 2014–2021 (USD Million) Table 8 Industrial Batteries Market, By End-User Industry, 2014-2021 (USD Million) Table 9 Industrial Batteries Market in Telecom & Data Communication End-User Industry, By Region, 2014–2021 (USD Million) Table 10 Industrial Batteries Market in Uninterruptible Power Supply (UPS)/Backup End-User Industry, By Region, 2014–2021 (USD Million) Table 11 Industrial Batteries Market in Grid-Level Energy Storage Industry, By Region, 2014–2021 (USD Million) Table 12 Industrial Batteries Market in Industrial Equipment Industry, By Region, 2014–2021 (USD Million) Table 13 Industrial Batteries Market in Others End-User Industry, By Region, 2014–2021 (USD Million) Table 14 Industrial Batteries Market, By Region, 2014–2021 (USD Million) Table 15 Asia-Pacific Industrial Batteries Market, By Country, 2014–2021 (USD Million) Table 16 Asia-Pacific Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 17 Asia-Pacific Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 18 India Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 19 India Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 20 China Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 21 China Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 22 Japan Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 23 Japan Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 24 Indonesia Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 25 Indonesia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 26 Australia Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 27 Australia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 28 Taiwan Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 29 Taiwan Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 30 South Korea Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 31 South Korea Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 32 Rest of Asia-Pacific Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 33 Rest of Asia-Pacific Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 34 North America Industrial Batteries Market, By Country, 2014–2021 (USD Million) Table 35 North America Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 36 North America Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 37 U.S. Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 38 U.S. Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 39 Canada Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 40 Canada Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 41 Mexico Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 42 Mexico Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 43 Europe Industrial Batteries Market, By Country, 2014–2021 (USD Million) Table 44 Europe Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 45 Europe Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 46 Germany Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 47 Germany Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 48 France Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 49 France Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 50 U.K. Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 51 U.K. Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 52 Italy Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 53 Italy Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 54 Spain Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 55 Spain Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 56 Russia Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 57 Russia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 58 Netherlands Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 59 Netherlands Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 60 Rest of Europe Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 61 Rest of Europe Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 62 Middle East & Africa Industrial Batteries Market, By Country, 2014–2021 (USD Million) Table 63 Middle East & Africa Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 64 Middle East & Africa Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 65 Iran Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 66 Iran Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 67 Turkey Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 68 Turkey Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 69 Egypt Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 70 Egypt Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 71 South Africa Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 72 South Africa Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 73 Rest of Middle East & Africa Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 74 Rest of Middle East & Africa Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 75 South & Central America Industrial Batteries Market, By Country, 2014–2021 (USD Million) Table 76 South & Central America Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 77 South & Central America Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 78 Brazil Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 79 Brazil Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 80 Argentina Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 81 Argentina Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 82 Colombia Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 83 Colombia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 84 Rest of South & Central America Industrial Batteries Market, By Type, 2014-2021 (USD Million) Table 85 Rest of South & Central America Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million) Table 86 New Product Developments, 2010–2016 Table 87 Expansions, 2010–2016 Table 88 Agreements, 2010–2016 Table 89 Mergers & Acquisitions and Joint Ventures, 2010–2016 Table 90 Partnerships/Contracts, 2010–2016
List of Figures
Figure 1 Industrial Batteries Market: Research Design Figure 2 Breakdown of Primary Interviews: By Company Type, Designation & Region Figure 3 Bottom-Up Approach Figure 4 Top-Down Approach Figure 5 Data Triangulation Figure 6 The Telecom & Data Communications Segment of the Industrial Batteries Market Projected to Grow at the Highest CAGR During the Forecast Period Figure 7 The Lithium-Based Segment of the Industrial Batteries Market Projected to Grow the Highest CAGR During the Forecast Period Figure 8 The Asia-Pacific Region Accounted for the Largest Share in the Industrial Batteries Market in 2015 Figure 9 The Industrial Batteries Market Projected to Grow at A High Rate Between 2016 and 2021 Figure 10 The Lithium-Based Batteries Segment of the Industrial Batteries Market Projected to Grow at the Highest CAGR Between 2016 and 2021 Figure 11 The Telecom & Data Communications Segment Led the Industrial Batteries Market in 2015 Figure 12 China Projected to Be the Fastest-Growing Market for Industrial Batteries From 2016 to 2021 Figure 13 Asia-Pacific Dominates Across All End-User Industries in 2015 Figure 14 Japan and Germany to Emerge as Lucrative Markets for Industrial Batteries Between 2016 and 2021 Figure 15 The Asia-Pacific Industrial Batteries Market to Witness the Highest Growth in 2016 Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Industrial Batteries Market Figure 17 Global Photovoltaic (PV) Demand, 2015-2016 Figure 18 Projected Market for Li-Ion Batteries in Electric Vehicles Figure 19 Revenue Pocket Matrix: End-User Industry Figure 20 Revenue Pocket Matrix: By Type Figure 21 Industrial Batteries Market: Value Chain Analysis Figure 22 Industrial Batteries Market, By Type, 2016 & 2021 (USD Million) Figure 23 Asia-Pacific Projected to Dominate the Lead-Acid Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 24 APAC Projected to Dominate the Nickel-Based Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 25 Asia-Pacific Projected to Dominate the Lithium-Based Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 26 Asia-Pacific Projected to Dominate the Other Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 27 Industrial Batteries Market, By End-User Industry, 2016 & 2021 (USD Million) Figure 28 Asia-Pacific Projected to Dominate the Telecom & Data Communication Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 29 North America Projected to Dominate the Uninterruptible Power Supply (UPS)/Backup Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 30 Asia-Pacific Projected to Dominate the Grid-Level Energy Storage Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 31 Asia-Pacific Projected to Dominate the Industrial Equipment Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 32 Asia-Pacific Projected to Dominate the Others Segment of the Industrial Batteries Market Between 2016 and 2021 Figure 33 China, South Korea and Taiwan are Emerging as Strategic Destinations Figure 34 Asia-Pacific Industrial Batteries Market: Regional Snapshot (2015) Figure 35 North America Industrial Batteries Market Snapshot Figure 36 Europe Industrial Batteries Market Snapshot Figure 37 Middle East & Africa Industrial Batteries Market Snapshot Figure 38 Brazil is the Largest Consumer of Industrial Batteries in South & Central America Figure 39 Companies Adopted the Strategy of New Product Developments to Achieve Growth in the Industrial Batteries Market Between 2010 and 2016 Figure 40 New Product Developments and Expansions are the Major Growth Strategies Adopted By Key Players Between 2012 and 2016 Figure 41 New Product Developments and Expansions Accounted for Major Shares in the Growth Strategies Adopted By the Key Players Between 2010 and 2016 Figure 42 Johnson Controls Inc.: Company Snapshot Figure 43 SWOT Analysis: Johnson Controls Inc. Figure 44 Exide Technologies Inc. : Company Snapshot Figure 45 SWOT Analysis: Exide Technologies Inc. Figure 46 Enersys Inc. : Company Snapshot Figure 47 SWOT Analysis: Enersys Inc. Figure 48 Saft Groupe S.A.: Company Snapshot Figure 49 SWOT Analysis: Saft Groupe S.A. Figure 50 GS Yuasa Corporation: Company Snapshot Figure 51 SWOT Analysis: GS Yuasa Corporation Figure 52 Robert Bosch GmbH. : Company Snapshot

Executive Summary

Companies Mentioned

  • Amaron Batteries
  • C&D Technologies, Inc.
  • Crown Battery
  • East Penn Manufacturing Company
  • Enersys Inc.
  • Exide Industries
  • Gs Yuasa Corporation
  • Hoppecke
  • Leoch International Technology Limited Inc.
  • Lg Chem
  • Narada Power
  • Northvolt Ab
  • Onecharge
  • Relion
  • Ritar International Group
  • Rolls Battery
  • Saft Groupe
  • Samsung Sdi Co., Ltd.
  • Sk Innovation
  • Sunlight
  • Tab
  • U.S. Battery Mfg.
  • Victron Energy
  • Vision Group
  • Yuasa Battery (Thailand) Public Company Limited

Methodology

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Table Information

Report AttributeDetails
No. of Pages254
PublishedApril 2022
Forecast Period2022 - 2027
Estimated Market Value ( USD ) in 2022 $ 18.1 Billion
Forecasted Market Value ( USD ) by 2027 $ 28.1 Billion
Compound Annual Growth Rate9.2%
Regions CoveredGlobal
No. of Companies Mentioned25

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