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.
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Most industrial, commercial, and home operations are becoming increasingly electrified.
The telecommunications industry's tremendous growth.
Lithium-ion or lithium-ion batteries are quite expensive.
The price of the battery
Increasing the demand for electric vehicles
Increasing in demand for the industrial batteries market.
The use of toxic organic chemicals
Strict regulations regarding chemicals
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.
Lithium Cobalt Oxide
Lithium Magnesium Oxide
Telecom & Data Communication
Uninterruptible Power Supply (UPS)
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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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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
|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|
|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
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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 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
9. Industrial Batteries Market Segment, By Application
9.1 Telecom & Data Communication
9.2 Uninterruptible Power Supply (UPS)
9.5 Grid Storage
9.6 Others (Railways, Utility, and Security)
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 East Penn Manufacturing Company
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
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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.
Step 2: Primary Research
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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.
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