The global industrial batteries market size reached USD 17.0 Billion in 2021 and is expected to register a revenue CAGR of 9.0% during the forecast period, according to latest analysis by Emergen Research.
Increasing demand for lithium-ion batteries from the automotive industry is a major factor driving market revenue growth. Rising demand for industrial batteries to power homes, buildings, and machinery and equipment at construction sites is also a factor driving revenue growth of the market. For instance, South Australia is home to the largest lithium-ion battery installation and is powered by Tesla. It has a 100-megawatt capacity that powers 30,000 homes. It has also announced 50%, which will raise its capacity to 150 MW.
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An emerging trend in large-scale battery storage is to deploy centralized batteries in a district to store the surplus energy generated by locally distributed generation plants, such as rooftop solar PV and others. These battery storage systems are connected to the distribution network and can be directly controlled by the distribution system operator.
The latest market intelligence report, titled ‘Global Industrial Batteries Market’, is intended to provide the target audience with the necessary information about the global Industrial Batteries Market industry. The report comprises a detailed analysis of the vital elements of the Industrial Batteries Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Industrial Batteries Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline.
Key players in the market include EnerSys, Exide Industries Ltd., LG Chem, C&D Technologies, Inc., SK Innovation Co., Ltd., GS Yuasa International Ltd., Robert Bosch GmbH, SAMSUNG SDI Co., LTD., Solid Power, Inc., Amara Raja Group, Rolls Battery, and Saft.
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Emergen Research has segmented the global industrial batteries market on the basis of product type, battery type, end-use, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Lithium-Ion
Lead-Acid
Nickel-Metal Hydride
Nickel-Cadmium
Others
Battery Type Outlook (Revenue, USD Billion; 2019–2030)
Primary Battery
Secondary Battery
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Automotive
Telecom & Data Communication
Grid-Level Energy Storage
Power Supply/Backup
Others
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Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Industrial Batteries market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Industrial Batteries market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Industrial Batteries market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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