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Industrial Batteries Market

Industrial Batteries Market Size and segment By Type (Lithium-Ion Battery, Nickel-based, Lead-based), By Application (Telecom & Data Communication, Uninterruptible Power Supply (UPS), Energy, Equipment, Grid Storage, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1708 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

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

Market Dynamics:

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 

Opportunity:

  • Increasing the demand for electric vehicles 

  • Increasing in demand for the industrial batteries market.

Challenge:

  • 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.

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.

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 Segment Pie Chart

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.

REGIONAL COVERAGE:

  • 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

Industrial Batteries Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 19.49 Billion
Market Size by 2028 US$ 36.79 Billion
CAGR CAGR of 9.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 (FAQ) :

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

 

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

 

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Secondary Research

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