Industrial Batteries Market Research Report - Forecast to 2027

Global Industrial Batteries Market Information: By Type (Lead-Acid, Nickel-Based, Lithium-Based, And Others), By Application (Telecommunication, Power Storages, Industrial Equipment, Electric Grid Storage, And Others) And Region- Forecast Till 2027

ID: MRFR/CnM/1100-HCR | February 2021 | Region: Global | 137 pages

Please note that the assessment period of the report has been updated from 2019-2023 to 2020-2027. Cordially fill the sample form for the updated data.

Synopsis of Industrial Batteries Market


Industrial Batteries Market is expected to grow at Significant CAGR from 2019 to 2023 as per MRFR Analysis


Industrial batteries are electrochemical devices that convert higher-level active materials into an alternate state during discharge. Battery materials are chemical and metals most widely used to manufacture primary and secondary batteries. These materials depend on the properties such as crystallinity, crystal size and shape, porosity, doping, and surface modification. Following these properties, the battery performance is measured based on energy density, power density, stability or cyclability, price, and safety.


As per our analysis, some of the prominent market factors and trends identified in the global industrial batteries market include rapid industrialization, rising demand for high capacity power storages, and increasing expenditure on research activities. Moreover, the demand for industrial batteries is predicted to witness a significant growth over the assessment period due to surging electrification industry. Rising uninterrupted electric energy demands across the globe are anticipated to be an important driver of the industrial batteries market during the review period. Industrial batteries are extensively used in the industries to incorporate the automation of handling and construction machinery, robotics, and small transport vehicles which requires batteries. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017-2023. However, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of industrial batteries, which is expected to hamper the growth of the market.


The Global Industrial Batteries market share by application, (2016) (%)


 industrial batteries market


Source: MRFR Analysis


Regional Analysis


The global industrial batteries market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow at the highest CAGR during the review period, 2017-2023 on account of expanding telecommunication industry. The demand for industrial batteries is predicted to surge in numerous countries of the Middle East & Africa such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait due to high adoption rate by the crude oil producers. Moreover, the presence of tremendous oil & gas reserves in this region is predicted to propel the industrial market growth of the market.


In the North American region, the U.S. is predicted to be the major contributor to the regional growth of industrial batteries market and is expected to see a significant demand for industrial batteries during the forecast period, 2017-2023. As of 2016, the U.S accounted for the largest global market share in terms of value & volume and is estimated to grow at the moderate CAGR on account of growth in production of electric grid storages. In Europe, the demand for industrial batteries is predicted to grow in various countries such as Italy, Germany, Spain, the U.K, France, and Russia on account of increased expenditure in innovation and growing purchasing power of manufacturers. Moreover, the presence of major automobile manufacturers specifically in Germany is expected to give a push to the market growth. Latin American countries such as Argentina, Colombia, and Brazil are also predicted to witness a substantial growth owing proliferation of industries as well as the involvement of new technologies and inventions in industrial batteries. Asia Pacific industrial batteries market is predicted to grow with the moderate CAGR due to developing telecommunication industry owing to rising demand from the growing population in India and China. Moreover, continuous growth of the electrical industry in various economies of the Asia Pacific such as China, India, Malaysia, Thailand, and Japan is expected to raise the demand for electric grid storages which, in turn, is predicted to fuel the demand for industrial batteries over the forecast period, 2017-2023.


Segmentation


The global industrial batteries market is categorized on the basis of type, application, and region. On the basis of type, the market is bifurcated into acid, nickel-based, lithium-based, and others. On the basis of the application, the industrial batteries market is categorized into telecommunication, power storages, industrial equipment, electric grid storage, and others. On the basis of the region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.


Key Players


Some of the prominent players operating in the global industrial batteries market are Johnson Controls Inc. (U.S.), Exide Technologies Inc. (India), Enersys Inc. (U.S.), Saft Groupe S.A. (France), GS Yuasa Corporation (Japan), Northstar Battery Company LLC (Sweden), C&D Technologies, Inc. (U.S.), Robert Bosch GmbH (Germany), East Penn Manufacturing Company (U.S.), and Toshiba International Corporation (Japan) among others.


Intended Audience



  • Industrial batteries manufacturers

  • Traders and Distributors of industrial batteries

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Frequently Asked Questions (FAQ) :


Exide Technologies Inc. (India), Johnson Controls Inc. (U.S.), Saft Groupe S.A. (France), Enersys Inc. (U.S.), Northstar Battery Company LLC (Sweden), GS Yuasa Corporation (Japan), Robert Bosch GmbH (Germany), East Penn Manufacturing Company (U.S.), C&D Technologies, Inc. (U.S.), and Toshiba International Corporation (Japan) are expected to play prominent roles in the industrial batteries market.

Industries like industrial equipment, power storages, telecommunication, and electric grid storage are going to take the industrial batteries market forward.

The Asia Pacific industrial batteries market to register the fastest CAGR between 2020 and 2027 (forecast period as mentioned by MRFR).

Rising need for uninterrupted electric energy supply to inspire growth for the industrial batteries market growth.

Strict regulations regarding the use of toxic chemicals can hamper the industrial batteries market growth.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Industrial Batteries Market

5 Industry Overview of Global Industrial Batteries Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Industrial Batteries Market by Type

7.1 Introduction

7.2 Lead-Acid

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Nickel-Based

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Lithium-Based

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Others

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Industrial Batteries Market by Application

8.1 Introduction

8.2 Telecommunication

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Power Storages

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Industrial Equipment

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Electric Grid Storage

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Others

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

9. Global Industrial Batteries Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Type, 2020-2027

9.2.3 Market Estimates & Forecast by Application, 2020-2027

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2020-2027

9.2.4.2 Market Estimates & Forecast by Type, 2020-2027

9.2.4.3 Market Estimates & Forecast by Application, 2020-2027

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2020-2027

9.2.5.2 Market Estimates & Forecast by Type, 2020-2027

9.2.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Type, 2020-2027

9.3.3 Market Estimates & Forecast by Application, 2020-2027

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2020-2027

9.3.4.2 Market Estimates & Forecast by Type, 2020-2027

9.3.4.3 Market Estimates & Forecast by Application, 2020-2027

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2020-2027

9.3.5.2 Market Estimates & Forecast by Type, 2020-2027

9.3.5.3 Market Estimates & Forecast by Application, 2020-2027

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Type, 2020-2027

9.3.6.3 Market Estimates & Forecast by Application, 2020-2027

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Type, 2020-2027

9.3.7.3 Market Estimates & Forecast by Application, 2020-2027

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Type, 2020-2027

9.3.8.3 Market Estimates & Forecast by Application, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Type, 2020-2027

9.3.9.3 Market Estimates & Forecast by Application, 2020-2027

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Type, 2020-2027

9.3.10.3 Market Estimates & Forecast by Application, 2020-2027

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2020-2027

9.4.4.2 Market Estimates & Forecast by Type, 2020-2027

9.4.4.3 Market Estimates & Forecast by Application, 2020-2027

9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2020-2027

9.4.5.2 Market Estimates & Forecast by Type, 2020-2027

9.4.5.3 Market Estimates & Forecast by Application, 2020-2027

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Type, 2020-2027

9.4.6.3 Market Estimates & Forecast by Application, 2020-2027

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Type, 2020-2027

9.4.7.3 Market Estimates & Forecast by Application, 2020-2027

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Type, 2020-2027

9.4.8.3 Market Estimates & Forecast by Application, 2020-2027

9.4.9 Rest of Asia Pacific

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Type, 2020-2027

9.4.9.3 Market Estimates & Forecast by Application, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2020-2027

9.5.4.2 Market Estimates & Forecast by Type, 2020-2027

9.5.4.3 Market Estimates & Forecast by Application, 2020-2027

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2020-2027

9.5.5.2 Market Estimates & Forecast by Type, 2020-2027

9.5.5.3 Market Estimates & Forecast by Application, 2020-2027

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Type, 2020-2027

9.5.6.3 Market Estimates & Forecast by Application, 2020-2027

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Type, 2020-2027

9.5.7.3 Market Estimates & Forecast by Application, 2020-2027

9.5.8 Rest of Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Type, 2020-2027

9.5.8.3 Market Estimates & Forecast by Application, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Type, 2020-2027

9.6.4.3 Market Estimates & Forecast by Application, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Type, 2020-2027

9.6.5.3 Market Estimates & Forecast by Application, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Type, 2020-2027

9.6.6.3 Market Estimates & Forecast by Application, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Type, 2020-2027

9.6.7.3 Market Estimates & Forecast by Application, 2020-2027

10. Company Landscape

11. Company Profiles

11.1 Johnson Controls Inc.

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Exide Technologies Inc.

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Enersys Inc.

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Saft Groupe S.A.

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 GS Yuasa Corporation

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Northstar Battery Company LLC

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 C&D Technologies, Inc.

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Robert Bosch GmbH

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 East Penn Manufacturing Company

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Toshiba International Corporation

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

12. Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2030)

Table 2 Global Industrial Batteries Market: By Region, 2020-2027

Table 3 North America Industrial Batteries Market: By Country, 2020-2027

Table 4 Europe Industrial Batteries Market: By Country, 2020-2027

Table 5 Asia-Pacific Industrial Batteries Market: By Country, 2020-2027

Table 7 Middle East & Africa Industrial Batteries Market: By Country, 2020-2027

Table 6 Latin America Industrial Batteries Market: By Country, 2020-2027

Table 8 Global Industrial Batteries by Types Market: By Regions, 2020-2027

Table 9 North America Industrial Batteries by Types Market: By Country, 2020-2027

Table 10 Europe Industrial Batteries by Types Market: By Country, 2020-2027

Table11 Asia-Pacific Industrial Batteries by Types Market: By Country, 2020-2027

Table13 Middle East & Africa Industrial Batteries by Types Market: By Country, 2020-2027

Table12 Latin America Industrial Batteries by Types Market: By Country, 2020-2027

Table14 North America Industrial Batteries for Application Market: By Country, 2020-2027

Table13 Europe Industrial Batteries for Application Market: By Country, 2020-2027

Table14 Asia-Pacific Industrial Batteries for Application Market: By Country, 2020-2027

Table16 Middle East & Africa Industrial Batteries for Application Market: By Country, 2020-2027

Table15 Latin America Industrial Batteries for Application Market: By Country, 2020-2027

Table23 Global Types Market: By Region, 2020-2027

Table24 Global Application Market: By Region, 2020-2027

Table25 North America Industrial Batteries Market, By Country

Table26 North America Industrial Batteries Market, By Types

Table27 North America Industrial Batteries Market, By Application

Table28 Europe: Industrial Batteries Market, By Country

Table29 Europe: Industrial Batteries Market, By Types

Table30 Europe: Industrial Batteries Market, By Application

Table31 Asia-Pacific: Industrial Batteries Market, By Country

Table32 Asia-Pacific: Industrial Batteries Market, By Types

Table33 Asia-Pacific: Industrial Batteries Market, By Application

Table36 Middle East & Africa: Industrial Batteries Market, By Country

Table37 Middle East & Africa Industrial Batteries Market, By Types

Table33 Middle East & Africa: Industrial Batteries Market, By Application

Table34 Latin America: Industrial Batteries Market, By Country

Table35 Latin America Industrial Batteries Market, By Types

Table33 Latin America: Industrial Batteries Market, By Application

LIST OF FIGURES

FIGURE 1 Global Industrial Batteries Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Industrial Batteries Market

FIGURE 4 Value Chain of Global Industrial Batteries Market

FIGURE 5 Share of Global Industrial Batteries Market in 2020, by country (in %)

FIGURE 6 Global Industrial Batteries Market, 2020-2027,

FIGURE 7 Sub segments of Type

FIGURE 8 Global Industrial Batteries Market size by Type, 2020

FIGURE 9 Share of Global Industrial Batteries Market by Type, 2020 to 2027

FIGURE 10 Sub segments of Application

FIGURE 11 Global Industrial Batteries Market size by Application, 2020

FIGURE 12 Share of Global Industrial Batteries Market by Application, 2020 to 2027