Report Scope & Overview:

Industrial Batteries Market Size was valued at USD 21.34 billion in 2022, and is expected to reach USD 44.11 billion by 2030, and grow at a CAGR of 9.5% over the forecast period 2023-2030. Industrial batteries are rechargeable electrochemical devices that can handle high-energy power sources. These batteries transform high-energy active materials during discharge. These batteries are utilised to power a variety of end-use applications such as grid storage and power supply systems with no interruptions. These batteries are utilised in light cars, telecommunications backup systems, and data storage. Industrial batteries have the advantage of not emitting dangerous chemicals such as sulphuric acid. These are more environmentally friendly than other batteries and help to reduce carbon emissions. It will see a growth in demand in the next years due to its environmentally friendly character.

Industrial Batteries Market Revenue Analysis

Get More Information on Industrial Batteries Market - Request Sample Report

Market Dynamics:


  • Most industrial, commercial, and home operations are becoming increasingly electrified.

  • The telecommunications industry's tremendous growth.



  • Increasing the demand for electric vehicles 

  • Increasing in demand for the industrial batteries market.


Impact of Covid-19:

The industrial battery industry has been slightly depressed for some time due to the abrupt breakout of COVID-19 and trade and commerce limitations. The industrial battery's largest supply chain is linked to China, resulting in negative output and sales in the first two quarters of the pandemic. Furthermore, consumers from the fastest-growing economies have lower purchasing power, which has a negative impact on the market.

On the other hand, in this pandemic condition, the use of electrical items has increased because most organisations have instituted work from home policies that need the use of electrical gadgets and batteries. As a result, there is a surge in demand for electrical gadgets and industrial batteries. As a result of the epidemic, consumer awareness of environmentally responsible products has increased. However, most countries are converting to electric vehicles, which is boosting industry development. We may conclude that the industrial batteries industry has benefited from the pandemic situation as a result of these variables.

Market Segmentation:

By Type

  • Lithium-Ion Battery

  • Lithium Cobalt Oxide

    • Lithium Magnesium Oxide

    • Lithium Titanite

    • Others

  • Nickel-based

  • Lead-based

By Application

  • Telecom & Data Communication

  • Uninterruptible Power Supply (UPS)

  • Energy

  • Equipment

  • Grid Storage

  • Others

Industrial Batteries Market Segmentation Analysis

To Get Customized Report as per your Business Requirement - Request For Customized Report

Regional Analysis:

North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa are the four primary regions studied in the industrial batteries market. Due to the existence of four rising countries in the region, such as Japan, India, China, and South Korea, Asia-Pacific has the greatest market share. The region's massive demands are being fueled by rapid industrialisation and the rise of the IT sector. Due to demand for industrial batteries from the vehicle industry, electric grid storage, and the IT sector, North America has the second biggest market share.

Europe will grow at a moderate pace during the projection period, thanks to increased spending on research and development. Automobile manufacturers' presence in Germany is likely to boost demand in this region. The Middle East and Africa region's industrial batteries market is also accelerating due to the needs of oil and gas producing units. Latin America is expected to have a large demand for industrial batteries as a result of industrialization and development efforts.


  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Key Players:

East Penn Manufacturing Company, GS Yuasa Corporation, Saft Groupe S.A., Robert Bosch GmbH, C & D Technologies, Inc., Johnson Controls Inc., Enersys Inc., Exide Technologies Inc., Toshiba International Corporation, and other players.

GS Yuasa Corporation-Company Financial Analysis


Industrial Batteries Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 21.34 Billion
Market Size by 2028 US$ 44.11 Billion
CAGR CAGR of 9.5% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Lithium-Ion Battery, Nickel-based, Lead-based)
• By Application (Telecom & Data Communication, Uninterruptible Power Supply (UPS), Energy, Equipment, Grid Storage, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles East Penn Manufacturing Company, GS Yuasa Corporation, Saft Groupe S.A., Robert Bosch GmbH, C & D Technologies, Inc., Johnson Controls Inc., Enersys Inc., Exide Technologies Inc., Toshiba International Corporation, and other players.
DRIVERS • Most industrial, commercial, and home operations are becoming increasingly electrified.
• The telecommunications industry's tremendous growth.
Restraints • Lithium-ion or lithium-ion batteries are quite expensive.
• The price of the battery

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.


Ans: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa are the four primary regions studied in the industrial batteries market.

Ans: Increasing the demand for electric vehicles and Increasing in demand for the industrial batteries market are the opportunity faced by the Industrial Batteries Market.

Ans: The use of toxic organic chemicals and Strict regulations regarding chemicals are the challenges faced by the Industrial Batteries Market.

Ans: Industrial Batteries Market Size was valued at USD 19.49 billion in 2021, and expected to reach USD 36.79 billion by 2028, and grow at a CAGR of 9.5 % over the forecast period 2022-2028.


Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies US Canada Germany France United Kingdom China Japan South Korea Rest of the World


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Industrial Batteries Market Segment, By Type

8.1 Lithium-Ion Battery

8.1.1 Lithium Cobalt Oxide

8.1.2 Lithium Magnesium Oxide

8.1.3 Lithium Titanite

8.1.4 Others

8.2 Nickel-based

8.3 Lead-based


9. Industrial Batteries Market Segment, By Application

9.1 Telecom & Data Communication

9.2 Uninterruptible Power Supply (UPS)

9.3 Energy

9.4 Equipment

9.5 Grid Storage

9.6 Others (Railways, Utility, and Security)


10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America


11. Company Profile

11.1 East Penn Manufacturing Company

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

  11.2 GS Yuasa Corporation

11.3 Saft Groupe S.A.

11.4 Robert Bosch GmbH

11.5 C & D Technologies, Inc.

11.6 Johnson Controls Inc.

11.7 Enersys Inc.

11.8 Exide Technologies Inc.

11.9 Toshiba International Corporation


12. Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share Analysis

12.3 Recent Developments


13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.


The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Share Page
Start a Conversation

Hi! Click one of our member below to chat on Phone