Industrial Battery Market Growth, Trends, Industry Analysis and Forecast – 2028

The Industrial Battery Market size is expected to grow at an annual average of CAGR 12% during the forecast period (2022-2028). Annual batch capacity of industrial batteries has increased by 200%. From traditional batteries used primarily in home appliances in the 90s and early 2000s, industrial batteries are now powering many end-use applications such as grid storage and uninterruptible power systems. Industrial batteries are used in remote, hard-to-reach areas where equipment/devices require self-powering and charging and replacing batteries is difficult or impossible. The basic components mounted on these batteries are mainly composed of a positive electrode, a negative electrode, and an electrolyte, and the positive electrode accounts for about 30% of the total battery cost. Industrial batteries are rechargeable and are commonly used as power sources in various data centers, grid storage, and telecommunication centers.

The following segmentation are covered in this report:

By End-User industry

• Telecom & Data Communication
• Industrial Equipment
• Uninterruptible Power Supply (UPS)/Backup
• Grid-Level Energy Storage

 By Type

• Lead-acid Batteries
• Lithium-based Batteries
• Nickel-based Batteries
• Others

 Company Profile

• Johnson Controls, Inc.
• Exide Technologies, Inc.
• Enersys, Inc.
• Saft Groupe S.A.
• GS Yuasa Corp.
• Northstar Battery Company LLC
• C&D Technologies, Inc.
• Robert Bosch GmbH
• East Penn Manufacturing Co.

Scope of the report

The research study analyses the Industrial Battery Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent developments

• Market overview and growth analysis
• Import and export overview
• Volume analysis
• Current market trends and future outlook
• Market opportunistic and attractive investment segment

Geographic coverage

• North America market size and/or volume
• Latin America market size and/or volume
• Europe market size and/or volume
• Asia-pacific market size and/or volume
• Rest of the world market size and/or volume

Key Questions Answered by Industrial Battery Market Report

• What was the Industrial Battery Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028)
• What will be the Industrial Battery Market CAGR of Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Industrial Battery Market was the market leader in 2022?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.