The global industrial batteries market size reached USD 23.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 36.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.98% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 23.2 Billion |
Market Forecast in 2033
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USD 36.7 Billion |
Market Growth Rate 2025-2033 | 4.98% |
Industrial batteries are electrochemical devices used as a power source for large, rugged equipment. They consist of cathodes, anodes and electrolyte solutions and offer resistance to vibrations and extreme temperatures. Lithium-ion, nickel-based, lithium titanate, lithium magnesium oxide and lead-based batteries are some of the commonly available variants. They are widely used in medical equipment, uninterruptible power source (UPS), safety alarms, tracking systems and automobile accessories. In comparison to the traditionally used consumer batteries, industrial variants have longer operation life and can be utilized in extreme environments and remote locations. As a result, industrial batteries are extensively used in energy, grid storage, utility, and telecommunication systems.
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Rapid industrialization and increasing requirement for factory automation across the globe are among the key factors driving the growth of the market. The rising requirement for continuous and reliable sources of energy is leading to the widespread adoption of industrial batteries to power heavy-duty equipment. Additionally, the increasing utilization of lithium-ion (Li-ion) batteries across industries is favouring the market growth. Li-ion batteries are widely used in surveillance and alarm systems, industrial electronics, and solar power backup storage systems. Moreover, various product innovations, such as the launch of green industrial batteries that assist in reducing carbon footprint and are environmentally friendly, are providing a thrust to the market growth. In line with this, the increasing product utilization in health monitoring systems, critical care equipment and power cleaning tools in hospitals and healthcare centres is positively impacting the market growth. Other factors, including the rising demand for electric vehicles (EVs), along with the widespread product adoption in the manufacturing industry, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial batteries market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on drive type, technology and application.
Breakup by Drive Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The report provides a comprehensive analysis of the competitive landscape in the global industrial batteries market with detailed profiles of all major companies, including:
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Drive Type, Technology, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Amara Raja Energy & Mobility Limited, American Battery Solutions Inc., C&D Technologies, Inc, East Penn Manufacturing Company, EnerSys, GS Yuasa International Ltd., HOPPECKE Batterien GmbH & Co. KG, Industrial Battery and Services, Leoch International Technology Limited Inc, Schneider Electric, etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global industrial batteries market was valued at USD 23.2 Billion in 2024.
We expect the global industrial batteries market to exhibit a CAGR of 4.98% during 2025-2033.
The advent of environmentally friendly batteries, such as green industrial batteries that assist in reducing carbon footprint is primarily driving the global industrial batteries market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for industrial batteries.
Based on the technology, the global industrial batteries market can be segmented into lithium-ion battery, lead-acid battery, and others. Currently, lead-acid battery accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global industrial batteries market include Amara Raja Energy & Mobility Limited, American Battery Solutions Inc., C&D Technologies, Inc, East Penn Manufacturing Company, EnerSys, GS Yuasa International Ltd., HOPPECKE Batterien GmbH & Co. KG, Industrial Battery and Services, Leoch International Technology Limited Inc, and Schneider Electric.