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Industrial Batteries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global industrial batteries market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

Industrial Batteries Market Trends:

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global industrial batteries market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on drive type, technology and application.

Breakup by Drive Type:

  • Electric
  • Hydraulic
  • Other
     

Breakup by Technology:

  • Lithium-Ion Battery
  • Lead-Acid Battery
  • Other
     

Breakup by Application:

  • Forklift
  • Telecom
  • UPS
  • Other
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Amara Raja Group, American Battery Solutions, Bulldog Battery Corporation, C&D Technologies Inc., EnerSys, Exide Industries Limited, GS Yuasa Corporation, Industrial Battery & Services Inc., Johnson Controls International, Panasonic Corporation and Saft (TotalEnergies SE).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Amara Raja Group, American Battery Solutions, Bulldog Battery Corporation, C&D Technologies Inc., EnerSys, Exide Industries Limited, GS Yuasa Corporation, Industrial Battery & Services Inc., Johnson Controls International, Panasonic Corporation and Saft (TotalEnergies SE).
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
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)

 

Key Questions Answered in This Report:

  • How has the global industrial batteries market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial batteries market?
  • What are the key regional markets?
  • What is the breakup of the market based on the drive type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global industrial batteries market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Industrial Batteries Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Drive Type
    6.1    Electric
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Hydraulic
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Others
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Lithium-Ion Battery
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Lead-Acid Battery
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Application
    8.1    Forklift
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Telecom
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    UPS
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Amara Raja Group
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    American Battery Solutions
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Bulldog Battery Corporation
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    C&D Technologies Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 SWOT Analysis
        14.3.6    EnerSys
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Exide Industries Limited
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
        14.3.8    GS Yuasa Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Industrial Battery & Services Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Johnson Controls International
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Panasonic Corporation
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Saft (TotalEnergies SE)
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Industrial Batteries Market: Major Drivers and Challenges
Figure 2: Global: Industrial Batteries Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Industrial Batteries Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Industrial Batteries Market: Breakup by Drive Type (in %), 2021
Figure 5: Global: Industrial Batteries Market: Breakup by Technology (in %), 2021
Figure 6: Global: Industrial Batteries Market: Breakup by Application (in %), 2021
Figure 7: Global: Industrial Batteries Market: Breakup by Region (in %), 2021
Figure 8: Global: Industrial Batteries (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Industrial Batteries (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Industrial Batteries (Hydraulic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Industrial Batteries (Hydraulic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Industrial Batteries (Other Drive Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Industrial Batteries (Other Drive Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Industrial Batteries (Lithium-Ion Battery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Industrial Batteries (Lithium-Ion Battery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Industrial Batteries (Lead-Acid Battery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Industrial Batteries (Lead-Acid Battery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Industrial Batteries (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Industrial Batteries (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Industrial Batteries (Forklift) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Industrial Batteries (Forklift) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Industrial Batteries (Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Industrial Batteries (Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Industrial Batteries (UPS) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Industrial Batteries (UPS) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Industrial Batteries (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Industrial Batteries (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Industrial Batteries Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Industrial Batteries Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Industrial Batteries Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Industrial Batteries Industry: SWOT Analysis
Figure 78: Global: Industrial Batteries Industry: Value Chain Analysis
Figure 79: Global: Industrial Batteries Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Industrial Batteries Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Industrial Batteries Market Forecast: Breakup by Drive Type (in Million US$), 2022-2027
Table 3: Global: Industrial Batteries Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Industrial Batteries Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Industrial Batteries Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Industrial Batteries Market: Competitive Structure
Table 7: Global: Industrial Batteries Market: Key Players

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