Industrial Batteries Market

Report Code CH 4577
Published in Jul, 2024, By MarketsandMarkets™
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Industrial Batteries Market by Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary (Telecommunication, UPS, Grid), Motive - (LSEV, Floor Scrubber, Material Handling, Marine, Recreational Vehicles)), and Region - Global Forecast to 2029

Overview

The global Industrial batteries market size is projected to grow from USD 21.2 billion in 2024 to USD 34.7 billion by 2029, at a CAGR of 10.3% during the forecast period. The need for industrial batteries is rising as the stationery end-use sector expands. The worldwide market for industrial batteries is also significantly influenced by the growing use of lithium-ion batteries in the renewable energy industry.

Attractive Opportunities in the Industrial Batteries Market

ASIA PACIFIC:

The high growth in the industrial batteries market in Asia Pacific is driven by increasing demand for grid energy storage systems owing to ongoing grid modernization.

Rising adoption of industrial batteries in renewable energy sector, is expected to drive the industrial batteries market.

Advancements in the telecommunication sector is expected to provide lucrative opportunities for market players in the industrial batteries market.

The industrial batteries market is expected to be worth USD 34.7 billion by 2029, at CAGR of 10.3% during the forecast period.

Limited usage and overheating issues of industrial batteries pose a challenge to the growth of this market.

Global Industrial Batteries Market Dynamics

DRIVER: Increase in demand for recycled products and materials

The increasing interest in utilizing recycled materials and batteries is anticipated to promote research and development in the recycling of both batteries and materials. The upward path in material costs, coupled with a growing demand for eco-friendly or recycled products, is projected to create various sectors for growth within the battery recycling market. The mounting interest in recycled products and materials serves as a significant change, expected to have a substantial impact on the electric vehicle battery recycling market. This heightened demand is driven by a worldwide movement toward sustainable practices, a heightened environmental consciousness, and a growing awareness of the limited availability of natural resources.

RESTRAINT: Safety issues related to storage and transportation of spent batteries

Spent batteries has hazardous chemicals, including acids and heavy metals such as mercury. In July 2007, a fire sparked by a lithium-based battery led to the ignition of over 132,000 liters of chemicals, resulting in the closure of two major highways in the UK. These batteries retain some charge after use, posing a risk of unexpected discharges that can harm people or property. It's crucial to handle all batteries cautiously, assuming they still have a charge unless properly labeled, and store them carefully, especially small batteries that could be swallowed by children. Larger lithium-based batteries, commonly found in cars, may be incorrectly identified as lead-acid batteries if not labeled accurately by local manufacturers. To prevent hazards, these batteries must be separated from used lead-acid batteries before storage. Concerns about the potential dangers associated with used batteries have led to regulations by state or national governments governing their storage and transportation.

 

OPPORTUNITY: Rising adoption of lithium-ion batteries due to decline in prices

Expensive lithium-ion batteries have held back market growth since the 1990s. These batteries have various parts, and some are subsidized. The main part, called the cell, makes up about half the cost, with the rest going to electronics, assembly, and packaging. Recent promises from battery and car companies suggest a significant price drop. A Bloomberg NEF survey shows the average battery pack cost went down to USD 137 per kWh in 2020, dropping 88% since 2010. Predictions say prices might go as low as USD 58 per kWh by 2030 and USD 44 per kWh by 2035. Tesla's Gigafactory-1 is one effort to increase battery production and lower prices. With advancements like large-scale manufacturing and better technology, lithium-ion battery prices are expected to decrease. This decline is likely to boost the renewable energy and grid storage markets, favoring lithium-ion batteries and increasing their market share. As a result, there could be a growing demand for recycling used automotive lithium-based batteries.

CHALLENGE: High recycling cost and dearth of technologies

The Centre for Energy Economics (CEE) reports that globally, only 1-3% of lithium is recovered from all applications. Companies like Toxco (US) and Umicore (Belgium) are working on technologies to extract lithium from batteries. However, challenges for the industry include the high recycling costs, lack of proper storage for used batteries, and a shortage of recycling technologies. Recycling lithium-ion batteries is costly, and traditional methods can be energy-intensive. This makes recycling economically challenging compared to extracting materials from raw sources. Additionally, the diverse chemistries of lithium-ion batteries, varying among manufacturers, make it difficult to develop universal and cost-effective recycling processes. The need for customized recycling solutions adds complication and cost to the process, negatively impacting the market for electric vehicle battery recycling.

Global Industrial Batteries Market Ecosystem Analysis

Prominent companies in this market include well-established, and financially stable manufacturers of Industrial Batteries market. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include.

 

"Lithium-ion batteries, by battery type, is estimated to account for the highest CAGR during the forecast period."

The market for lithium-ion industrial batteries is anticipated to expand significantly in terms of value, during the forecast period. Due to its advantages over other battery types, including being more compact, lightweight, and portable, these batteries are becoming more and more popular across a range of applications. Also, lithium-ion batteries other characteristics such as longer lifespan and faster charging capabilities is creating a dominant choice in the rapid growing battery market.

"Stationary, by end-use, is expected to hold the largest market share during the forecast period."

By end-use industry, the stationary industrial batteries market is expected to have the largest market share during the forecast period. Grid level applications, UPS, and telecommunications are examples of stationary end-use industries. Because off-grid and on-grid renewable energy installations are steadily increasing in both developed and developing nations, the grid level application has the greatest compound annual growth rate (CAGR) of all the other applications. For many years, batteries have been used in energy storage applications. But as a resource to enable larger levels of power generation from renewable energy, battery storage technology has gained more attention recently. The demand for stationary industrial batteries is growing majorly due to increase in the need for energy security and expansion of renewable energy infrastructure.

ASIA PACIFIC Region Holds the larLest Share of the Industrial Batteries Market.

During the forecast period Asia Pacific is anticipated to dominate the global market for industrial batteries. This can be attributed to the region's rapid industrialization, rising need for renewable energy, and expanding automotive industry, which includes the development of electric vehicles (EVs). The need for effective energy storage solutions is fueled by the significant investments made in smart grid and infrastructure development by nations like China, India, and Japan. Government programs promoting renewable energy and developments in battery technology are also driving market expansion in this area.

 
 

Recent Developments of Industrial Batteries Market industry

  • March 2023, CATL has partnered with HGP Storage, LLC, a specialist in advanced battery energy storage systems (BESS). Under the agreement, CATL will supply over 450 MWh of BESS. Additionally, the two companies have committed to a long-term partnership, aiming to facilitate the development of up to 5 GWh of utility-scale and distributed energy projects. In Sep-2022 Umicore and PowerCo had announced the founding of a joint venture for precursor and cathode material production in Europe. From 2025 onwards, the joint venture will supply PowerCo's European battery cell factories with key materials. It also aims to include elements of refining and battery recycling based on Umicore's technology.
  • In March 2022, Neometals and Mercedes-Benz confirmed their plans for a battery recycling joint venture. Through the JV, the companies intend to build a 2,500-ton-per-year lithium-ion battery recycling plant in Germany. In November 2022, Li-Cycle Corp. has announced a strategic partnership with Vines Energy Solutions, a battery & cell pack manufacturer and a member company of Vingroup. Through this partnership, Li-Cycle provided its recycling solutions to Vines Energy Solutions

Key Market Players

KEY PLAYERS IN THE Industrial Batteries Market INCLUDE

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Scope of the Report

Report Attribute Details
Market Size Available for Years 2019–2022
Base Year Considered 2023
Forecast Period 2024–2029
Forecast Units Value (USD Billion/Million) and Volume (Gwh)
Segments Covered Battery Type, End-Use Industry, and Region.
Geographies Covered Asia Pacific, Europe, South America, Middle East & Africa, and North America
Companies Covered Enersys (US), Exide Industries Ltd. (India), C&D Technologies, Inc. (US), GS Yuasa International Ltd. (Japan), Leoch International Technology Limited Inc (China), Samsung SDI Co., Ltd. (South Korea), SK Innovation Co., Ltd (South Korea), LG Chem (South Korea), Yuasa Battery (Thailand) Public Company Ltd. (Thailand), and U.S. Battery (US) are the major players in the market.

 

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Table of Contents

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TITLE
PAGE NO
TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 23)
    1.1 STUDY OBJECTIVES 
    1.2 COMPETITIVE INTELLIGENCE 
    1.3 MARKET DEFINITION 
           1.3.1 INCLUSIONS AND EXCLUSIONS
    1.4 MARKET SCOPE 
           1.4.1 REGIONAL SCOPE
           1.4.2 YEARS CONSIDERED
           1.4.3 CURRENCY CONSIDERED
    1.5 LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA 
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 MATRIX CONSIDERED FOR DEMAND-SIDE ANALYSIS 
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Calculations for supply-side analysis
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 
    2.5 DATA TRIANGULATION 
    2.6 IMPACT OF RECESSION 
    2.7 KEY ASSUMPTIONS WHILE CALCULATING DEMAND- SIDE MARKET SIZE 
    2.8 RESEARCH LIMITATIONS 
    2.9 RISK ANALYSIS 
 
3 EXECUTIVE SUMMARY (Page No. - 38)
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL BATTERIES MARKET 
    4.2 INDUSTRIAL BATTERIES MARKET, BY REGION 
    4.3 INDUSTRIAL BATTERIES MARKET, BY MAJOR COUNTRIES 
 
5 MARKET OVERVIEW (Page No. - 43)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Rising adoption of lithium-ion batteries in renewable energy sector
                    5.2.1.2 Increasing demand for grid energy storage systems owing to ongoing grid modernization
           5.2.2 RESTRAINTS
                    5.2.2.1 Availability of low-cost substitutes
                    5.2.2.2 Issues related to transportation and storage of used or spent batteries
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Advancements in telecommunications sector
                    5.2.3.2 Increasing battery innovation initiatives by established players
           5.2.4 CHALLENGES
                    5.2.4.1 Limited usage and overheating
    5.3 PORTER’S FIVE FORCES ANALYSIS 
           5.3.1 BARGAINING POWER OF SUPPLIERS
           5.3.2 BARGAINING POWER OF BUYERS
           5.3.3 THREAT OF NEW ENTRANTS
           5.3.4 THREAT OF SUBSTITUTES
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
 
6 INDUSTRY TRENDS (Page No. - 51)
    6.1 VALUE CHAIN ANALYSIS 
    6.2 ECOSYSTEM ANALYSIS 
    6.3 PRICING ANALYSIS 
           6.3.1 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY REGION
           6.3.2 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY CHEMISTRY
    6.4 TARIFF AND REGULATORY LANDSCAPE 
           6.4.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    6.5 KEY CONFERENCES AND EVENTS 
    6.6 KEY STAKEHOLDERS AND BUYING CRITERIA 
           6.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
           6.6.2 BUYING CRITERIA
    6.7 PATENT ANALYSIS 
           6.7.1 METHODOLOGY
           6.7.2 MAJOR PATENTS
    6.8 CASE STUDY ANALYSIS 
           6.8.1 GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM BY NEXCHARGE AND TATA POWER DELHI DISTRIBUTION
           6.8.2 DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT
    6.9 TECHNOLOGY ANALYSIS 
           6.9.1 KEY TECHNOLOGIES
                    6.9.1.1 Lithium metal battery
                    6.9.1.2 Sodium-sulfur batteries
                    6.9.1.3 Metal-air batteries
                    6.9.1.4 Liquid-metal batteries
           6.9.2 ADJACENT TECHNOLOGIES
                    6.9.2.1 Modern off-grid technology
    6.10 TRADE ANALYSIS 
           6.10.1 IMPORT DATA
           6.10.2 EXPORT DATA
    6.11 TRENDS/ DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    6.12 INVESTMENT AND FUNDING SCENARIO 
 
7 INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE (Page No. - 68)
    7.1 INTRODUCTION 
    7.2 LEAD-ACID 
           7.2.1 INCREASING ADOPTION IN GRID ENERGY STORAGE TO DRIVE GROWTH
    7.3 LITHIUM-ION 
           7.3.1 DECREASE IN PRICES TO DRIVE GROWTH
    7.4 OTHERS 
 
8 INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY (Page No. - 81)
    8.1 INTRODUCTION 
    8.2 STATIONARY BATTERY 
           8.2.1 INCREASING GRID-LEVEL APPLICATIONS TO DRIVE GROWTH
           8.2.2 TELECOMMUNICATIONS
           8.2.3 UNINTERRUPTIBLE POWER SUPPLY
           8.2.4 GRID LEVEL
    8.3 MOTIVE BATTERY 
           8.3.1 EFFICIENT STORAGE OF ELECTRICITY FROM RENEWABLE ENERGY SOURCES TO DRIVE GROWTH
           8.3.2 LOW-SPEED ELECTRIC VEHICLE
           8.3.3 FLOOR SCRUBBER
           8.3.4 MATERIAL HANDLING
           8.3.5 MARINE
           8.3.6 RECREATIONAL VEHICLE
 
9 INDUSTRIAL BATTERIES MARKET, BY REGION (Page No. - 89)
    9.1 INTRODUCTION 
    9.2 NORTH AMERICA 
           9.2.1 US
                    9.2.1.1 Increasing demand for batteries in grid-level energy storage to drive growth
           9.2.2 CANADA
                    9.2.2.1 Innovations in grid-connected solutions to drive growth
           9.2.3 MEXICO
                    9.2.3.1 Expansion of domestic automotive sector to drive growth
    9.3 ASIA PACIFIC 
           9.3.1 CHINA
                    9.3.1.1 Increasing production of electric vehicles to drive growth
           9.3.2 JAPAN
                    9.3.2.1 Expansion of R&D resources by battery giants to drive growth
           9.3.3 INDIA
                    9.3.3.1 Rising adoption of electric vehicles to drive growth
           9.3.4 REST OF ASIA PACIFIC
    9.4 EUROPE 
           9.4.1 GERMANY
                    9.4.1.1 Increasing expansion of residential energy storage sector to drive growth
           9.4.2 UK
                    9.4.2.1 Investments in lithium-ion battery materials for electric vehicles to drive growth
           9.4.3 FRANCE
                    9.4.3.1 Diversified electricity production goals to drive growth
           9.4.4 REST OF EUROPE
    9.5 MIDDLE EAST & AFRICA 
           9.5.1 GCC
                    9.5.1.1 Saudi Arabia
                               9.5.1.1.1 Government initiatives toward renewable energy sector to drive growth
                    9.5.1.2 UAE
                               9.5.1.2.1 Development of telecom & data communications sector to drive growth
           9.5.2 SOUTH AFRICA
                    9.5.2.1 Rising demand for portable devices to drive growth
           9.5.3 REST OF MIDDLE EAST & AFRICA
    9.6 SOUTH AMERICA 
           9.6.1 BRAZIL
                    9.6.1.1 Rising demand for consumer and automotive batteries to drive growth
           9.6.2 REST OF SOUTH AMERICA
 
10 COMPETITIVE LANDSCAPE (Page No. - 123)
     10.1 INTRODUCTION 
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 
             10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS
     10.3 REVENUE ANALYSIS 
     10.4 MARKET SHARE ANALYSIS 
             10.4.1 MARKET RANKING ANALYSIS
                        10.4.1.1 EnerSys. (US)
                        10.4.1.2 GS Yuasa International Ltd. (Japan)
                        10.4.1.3 Leoch International Technology Limited Inc (China)
                        10.4.1.4 Exide Industries Ltd. (India)
                        10.4.1.5 C&D Technologies, Inc. (US)
     10.5 BRAND/PRODUCT COMPARISON 
             10.5.1 DATASAFE XE BATTERIES
             10.5.2 LCT-HP FLOODED BATTERY
             10.5.3 NP SERIES
             10.5.4 EXIDE POWERSAFE EHP
             10.5.5 PU UPS SHORT-TIME BACKUP POWER SERIES
     10.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             10.6.1 STARS
             10.6.2 EMERGING LEADERS
             10.6.3 PERVASIVE PLAYERS
             10.6.4 PARTICIPANTS
             10.6.5 COMPANY FOOTPRINT
     10.7 COMPANY EVALUATION MATRIX: START-UP/SMES, 2023 
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
             10.7.5 COMPETITIVE BENCHMARKING
     10.8 COMPANY VALUATION AND FINANCIAL METRICS 
     10.9 COMPETITIVE SCENARIOS AND TRENDS 
             10.9.1 PRODUCT LAUNCHES
             10.9.2 DEALS
 
11 COMPANY PROFILES (Page No. - 142)
     11.1 MAJOR PLAYERS 
             11.1.1 ENERSYS.
                        11.1.1.1 Business overview
                        11.1.1.2 Products offered
                        11.1.1.3 MnM view
                                     11.1.1.3.1 Right to win
                                     11.1.1.3.2 Strategic choices
                                     11.1.1.3.3 Weaknesses and competitive threats
             11.1.2 C&D TECHNOLOGIES, INC.
                        11.1.2.1 Business overview
                        11.1.2.2 Products offered
                        11.1.2.3 Recent developments
                        11.1.2.4 MnM view
                                     11.1.2.4.1 Right to Win
                                     11.1.2.4.2 Strategic choices
                                     11.1.2.4.3 Weaknesses and competitive threats
             11.1.3 GS YUASA INTERNATIONAL LTD.
                        11.1.3.1 Business overview
                        11.1.3.2 Products offered
                        11.1.3.3 MnM view
                                     11.1.3.3.1 Right to Win
                                     11.1.3.3.2 Strategic choices
                                     11.1.3.3.3 Weaknesses and competitive threats
             11.1.4 EXIDE INDUSTRIES LTD.
                        11.1.4.1 Business overview
                        11.1.4.2 Products offered
                        11.1.4.3 MnM view
                                     11.1.4.3.1 Right to win
                                     11.1.4.3.2 Strategic choices
                                     11.1.4.3.3 Weaknesses and competitive threats
             11.1.5 LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC
                        11.1.5.1 Business overview
                        11.1.5.2 Products offered
                        11.1.5.3 Recent developments
                        11.1.5.4 MnM view
                                     11.1.5.4.1 Right to Win
                                     11.1.5.4.2 Strategic choices
                                     11.1.5.4.3 Weaknesses and competitive threats
             11.1.6 CROWN BATTERY
                        11.1.6.1 Business overview
                        11.1.6.2 Products offered
             11.1.7 EAST PENN MANUFACTURING COMPANY
                        11.1.7.1 Business overview
                        11.1.7.2 Products offered
             11.1.8 SAMSUNG SDI CO., LTD.
                        11.1.8.1 Business overview
                        11.1.8.2 Products offered
             11.1.9 SK INNOVATION CO., LTD
                        11.1.9.1 Business overview
                        11.1.9.2 Products offered
             11.1.10 NARADA POWER
                        11.1.10.1 Business overview
                        11.1.10.2 Products offered
                        11.1.10.3 Recent developments
             11.1.11 VISION GROUP
             11.1.12 LG CHEM
             11.1.13 YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.
             11.1.14 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED
             11.1.15 HOPPECKE BATTERIEN GMBH & CO. KG
                        11.1.15.3.1 Others
                        11.1.15.3.2 Deals
             11.1.16 THE SUNLIGHT GROUP
                        11.1.16.3.1 Product launches
                        11.1.16.3.2 Deals
             11.1.17 TAB
                        11.1.17.3.1 Deals
             11.1.18 RITAR INTERNATIONAL GROUP
             11.1.19 U.S. BATTERY
                        11.1.19.1 Business overview
                        11.1.19.2 Products offered
                        11.1.19.3 Recent developments
                                     11.1.19.3.1 Product launches
                                     11.1.19.3.2 Deals
             11.1.20 AMARA RAJA ENERGY & MOBILITY LIMITED
                        11.1.20.1 Business overview
                        11.1.20.2 Products offered
                        11.1.20.3 Recent developments
             11.1.21 IPOWER BATTERIES
                        11.1.21.1 Business overview
                        11.1.21.2 Products offered
                        11.1.21.3 Recent developments
                                     11.1.21.3.1 Product launches
                                     11.1.21.3.2 Deals
             11.1.22 JYC BATTERY MANUFACTURER CO., LTD
                        11.1.22.1 Business overview
                        11.1.22.2 Products offered
                        11.1.22.3 Recent developments
                                     11.1.22.3.1 Product launches
     11.2 OTHER PLAYERS 
             11.2.1 AMARON BATTERIES
             11.2.2 SAFT GROUPE
                        11.2.2.1 Recent developments
             11.2.3 ROLLS BATTERY
             11.2.4 VICTRON ENERGY
             11.2.5 NORTHVOLT AB
                        11.2.5.1 Recent developments
 
12 ADJACENT AND RELATED MARKETS (Page No. - 233)
     12.1 INTRODUCTION 
     12.2 LIMITATIONS 
     12.3 INTERCONNECTED MARKETS 
     12.4 LITHIUM-ION BATTERY MARKET 
             12.4.1 MARKET DEFINITION
             12.4.2 MARKET OVERVIEW
             12.4.3 LITHIUM-ION BATTERY MARKET, BY VOLTAGE
                        12.4.3.1 Low voltage
                        12.4.3.2 Medium voltage
                        12.4.3.3 High voltage
 
13 APPENDIX (Page No. - 236)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 
 
LIST OF TABLES (228 TABLES)
 
TABLE 1 INDUSTRIAL BATTERIES MARKET: INCLUSIONS AND EXCLUSIONS
TABLE 2 INDUSTRIAL BATTERIES MARKET SNAPSHOT: 2024 VS. 2029
TABLE 3 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 ROLE OF COMPANIES IN ECOSYSTEM
TABLE 5 TARIFF DATA
TABLE 6 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 7 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 INDUSTRIAL BATTERIES MARKET: KEY CONFERENCES AND EVENTS, 2024−2025
TABLE 11 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES (%)
TABLE 12 KEY BUYING CRITERIA FOR TOP END USES
TABLE 13 IMPORT DATA ON LITHIUM CELLS AND BATTERIES (USD BILLION), 2019−2022
TABLE 14 EXPORT DATA ON LITHIUM CELLS AND BATTERIES (USD BILLION), 2019−2022
TABLE 15 INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 16 INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 17 LEAD-ACID BATTERY MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 18 LEAD-ACID BATTERY MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 19 LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 20 LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 21 LEAD-ACID BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 22 LEAD-ACID BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 23 STATIONARY LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 24 STATIONARY LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 25 MOTIVE LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 26 MOTIVE LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 27 LITHIUM-ION BATTERY MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 28 LITHIUM-ION BATTERY MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 29 LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 30 LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 31 LITHIUM-ION BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 32 LITHIUM-ION BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 33 STATIONARY LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 34 STATIONARY LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 35 MOTIVE LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 36 MOTIVE LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 37 OTHER INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 38 OTHER INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 39 OTHER INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 40 OTHER INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 41 OTHER INDUSTRIAL BATTERIES MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 42 OTHER INDUSTRIAL BATTERIES MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 43 OTHER STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 44 OTHER STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 45 OTHER MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 46 OTHER MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 47 INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 48 INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 49 STATIONARY INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 50 STATIONARY INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 51 STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 52 STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 53 STATIONARY INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 54 STATIONARY INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 55 MOTIVE INDUSTRIAL BATTERIES MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 56 MOTIVE INDUSTRIAL BATTERIES MARKET, BY APPLICATION, 2023–2029 (USD MILLION)
TABLE 57 MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 58 MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 59 MOTIVE INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 60 MOTIVE INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 61 INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 62 INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)
TABLE 63 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 64 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 65 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 66 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 67 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 68 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 69 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 70 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 71 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 72 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 73 US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 74 US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 75 CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 76 CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 77 MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 78 MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 79 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 80 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 81 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 82 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 83 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 84 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 85 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 86 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 87 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 88 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 89 CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 90 CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 91 JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 92 JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 93 INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 94 INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 95 REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 96 REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 97 EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 98 EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 99 EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 100 EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 101 EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 102 EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 103 EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 104 EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 105 EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 106 EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 107 GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 108 GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 109 UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 110 UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 111 FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 112 FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 113 REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 114 REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 115 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 116 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 117 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 118 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 119 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 120 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 121 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 122 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 123 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 124 MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 125 SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 126 SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 127 UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 128 UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 129 SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 130 SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 131 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 132 REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 133 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 134 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2023–2029 (USD MILLION)
TABLE 135 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 136 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 137 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 138 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 139 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 140 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 141 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 142 SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)
TABLE 143 BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 144 BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 145 REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)
TABLE 146 REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)
TABLE 147 DEGREE OF COMPETITION: INDUSTRIAL BATTERIES MARKET
TABLE 148 INDUSTRIAL BATTERIES MARKET: REGION FOOTPRINT (21 COMPANIES)
TABLE 149 INDUSTRIAL BATTERIES MARKET: BATTERY TYPE FOOTPRINT (21 COMPANIES)
TABLE 150 INDUSTRIAL BATTERIES MARKET: END-USE INDUSTRY FOOTPRINT (21 COMPANIES)
TABLE 151 INDUSTRIAL BATTERIES MARKET: LIST OF KEY START-UPS/SMES
TABLE 152 INDUSTRIAL BATTERIES MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
TABLE 153 INDUSTRIAL BATTERIES MARKET: PRODUCT LAUNCHES (JANUARY 2021–APRIL 2024)
TABLE 154 INDUSTRIAL BATTERIES MARKET: DEALS (JANUARY 2021–DECEMBER 2023)
TABLE 155 ENERSYS.: COMPANY OVERVIEW
TABLE 156 ENERSYS.: PRODUCTS OFFERED
TABLE 157 C&D TECHNOLOGIES, INC.: COMPANY OVERVIEW
TABLE 158 C&D TECHNOLOGIES, INC.: PRODUCTS OFFERED
TABLE 159 C&D TECHNOLOGIES, INC.: PRODUCT LAUNCHES
TABLE 160 GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW
TABLE 161 GS YUASA INTERNATIONAL LTD.: PRODUCTS OFFERED
TABLE 162 EXIDE INDUSTRIES LTD.: COMPANY OVERVIEW
TABLE 163 EXIDE INDUSTRIES LTD.: PRODUCTS OFFERED
TABLE 164 LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: COMPANY OVERVIEW
TABLE 165 LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: PRODUCTS OFFERED
TABLE 166 LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: PRODUCT LAUNCHES
TABLE 167 CROWN BATTERY: COMPANY OVERVIEW
TABLE 168 CROWN BATTERY: PRODUCTS OFFERED
TABLE 169 EAST PENN MANUFACTURING COMPANY: COMPANY OVERVIEW
TABLE 170 EAST PENN MANUFACTURING COMPANY: PRODUCTS OFFERED
TABLE 171 SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW
TABLE 172 SAMSUNG SDI CO., LTD.: PRODUCTS OFFERED
TABLE 173 SK INNOVATION CO., LTD: COMPANY OVERVIEW
TABLE 174 SK INNOVATION CO., LTD: PRODUCTS OFFERED
TABLE 175 NARADA POWER: COMPANY OVERVIEW
TABLE 176 NARADA POWER: PRODUCTS OFFERED
TABLE 177 NARADA POWER: OTHERS
TABLE 178 NARADA POWER: PRODUCT LAUNCHES
TABLE 179 VISION GROUP: COMPANY OVERVIEW
TABLE 180 VISION GROUP: PRODUCTS OFFERED
TABLE 181 LG CHEM: COMPANY OVERVIEW
TABLE 182 LG CHEM: PRODUCTS OFFERED
TABLE 183 LG CHEM: DEALS
TABLE 184 LG CHEM: OTHERS
TABLE 185 YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.: COMPANY OVERVIEW
TABLE 186 YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.: PRODUCTS OFFERED
TABLE 187 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW
TABLE 188 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED
TABLE 189 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES
TABLE 190 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS
TABLE 191 HOPPECKE BATTERIEN GMBH & CO. KG.: COMPANY OVERVIEW
TABLE 192 HOPPECKE BATTERIEN GMBH & CO. KG.: PRODUCTS OFFERED
TABLE 193 HOPPECKE BATTERIEN GMBH & CO. KG: OTHERS
TABLE 194 HOPPECKE BATTERIEN GMBH & CO. KG.: DEALS
TABLE 195 THE SUNLIGHT GROUP: COMPANY OVERVIEW
TABLE 196 THE SUNLIGHT GROUP: PRODUCTS OFFERED
TABLE 197 THE SUNLIGHT GROUP: PRODUCT LAUNCHES
TABLE 198 THE SUNLIGHT GROUP: DEALS
TABLE 199 TAB: COMPANY OVERVIEW
TABLE 200 TAB: PRODUCTS OFFERED
TABLE 201 TAB: DEALS
TABLE 202 RITAR INTERNATIONAL GROUP: COMPANY OVERVIEW
TABLE 203 RITAR INTERNATIONAL GROUP: PRODUCTS OFFERED
TABLE 204 RITAR INTERNATIONAL GROUP: OTHERS
TABLE 205 U.S. BATTERY: COMPANY OVERVIEW
TABLE 206 U.S. BATTERY: PRODUCT OFFERED
TABLE 207 U.S. BATTERY.: PRODUCT LAUNCHES
TABLE 208 U.S. BATTERY.: DEALS
TABLE 209 AMARA RAJA ENERGY & MOBILITY LIMITED: COMPANY OVERVIEW
TABLE 210 AMARA RAJA ENERGY & MOBILITY LIMITED.: PRODUCTS OFFERED
TABLE 211 AMARA RAJA ENERGY & MOBILITY LIMITED: OTHERS
TABLE 212 IPOWER BATTERIES: COMPANY OVERVIEW
TABLE 213 IPOWER BATTERIES: PRODUCTS OFFERED
TABLE 214 IPOWER BATTERIES.: PRODUCT LAUNCHES
TABLE 215 IPOWER BATTERIES.: DEALS
TABLE 216 JYC BATTERY MANUFACTURER CO., LTD.: COMPANY OVERVIEW
TABLE 217 JYC BATTERY MANUFACTURER CO., LTD.: PRODUCT OFFERINGS
TABLE 218 JYC BATTERY MANUFACTURER CO., LTD.: PRODUCT LAUNCHES
TABLE 219 AMARON BATTERIES: COMPANY OVERVIEW
TABLE 220 SAFT GROUPE: COMPANY OVERVIEW
TABLE 221 SAFT GROUPE: DEALS
TABLE 222 SAFT GROUPE: OTHERS
TABLE 223 ROLLS BATTERY: COMPANY OVERVIEW
TABLE 224 VICTRON ENERGY: COMPANY OVERVIEW
TABLE 225 NORTHVOLT AB: COMPANY OVERVIEW
TABLE 226 NORTHVOLT AB: PRODUCT LAUNCHES
TABLE 227 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD BILLION)
TABLE 228 LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD BILLION)
 
 
LIST OF FIGURES (51 FIGURES)
 
FIGURE 1 INDUSTRIAL BATTERIES MARKET: MARKET SEGMENTATION
FIGURE 2 INDUSTRIAL BATTERIES MARKET: RESEARCH DESIGN
FIGURE 3 MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND IN INDUSTRIAL BATTERIES MARKET
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF INDUSTRIAL BATTERIES MARKET (1/2)
FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF INDUSTRIAL BATTERIES MARKET (2/2)
FIGURE 8 INDUSTRIAL BATTERIES MARKET: DATA TRIANGULATION
FIGURE 9 LEAD-ACID SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 10 STATIONARY SEGMENT TO ACCOUNT FOR DOMINANT MARKET SHARE DURING FORECAST PERIOD
FIGURE 11 ASIA PACIFIC TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 12 SHIFT TO SUSTAINABLE ENERGY TO DRIVE MARKET
FIGURE 13 ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
FIGURE 14 CHINA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BATTERIES MARKET
FIGURE 16 LITHIUM-ION BATTERY PACK PRICE, 2018−2023
FIGURE 17 INDUSTRIAL BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 18 VALUE CHAIN ANALYSIS FOR INDUSTRIAL BATTERIES MARKET
FIGURE 19 ECOSYSTEM OF INDUSTRIAL BATTERIES MARKET
FIGURE 20 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY REGION, 2019−2023
FIGURE 21 AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY CHEMISTRY, 2023
FIGURE 22 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES
FIGURE 23 KEY BUYING CRITERIA FOR TOP END USES
FIGURE 24 LIST OF MAJOR PATENTS FOR INDUSTRIAL BATTERIES
FIGURE 25 TRENDS/ DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 26 INVESTMENT AND FUNDING SCENARIO FOR STARTUPS/SMES IN INDUSTRIAL BATTERIES MARKET
FIGURE 27 LEAD-ACID SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 28 STATIONARY BATTERY END-USE INDUSTRY TO LEAD INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD
FIGURE 29 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 30 NORTH AMERICA: INDUSTRIAL BATTERIES MARKET SNAPSHOT
FIGURE 31 ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET SNAPSHOT
FIGURE 32 EUROPE: INDUSTRIAL BATTERIES MARKET SNAPSHOT
FIGURE 33 REVENUE ANALYSIS OF KEY COMPANIES, 2019–2023
FIGURE 34 INDUSTRIAL BATTERIES MARKET SHARE ANALYSIS, 2023
FIGURE 35 RANKING OF TOP 5 PLAYERS IN INDUSTRIAL BATTERIES MARKET, 2023
FIGURE 36 BRAND/PRODUCT COMPARISON
FIGURE 37 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
FIGURE 38 INDUSTRIAL BATTERIES MARKET: COMPANY FOOTPRINT (21 COMPANIES)
FIGURE 39 START-UP/SME EVALUATION MATRIX, 2023
FIGURE 40 COMPANY VALUATION
FIGURE 41 COMPANY FINANCIAL METRICS
FIGURE 42 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS
FIGURE 43 ENERSYS.: COMPANY SNAPSHOT
FIGURE 44 GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
FIGURE 45 EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT
FIGURE 46 LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: COMPANY SNAPSHOT
FIGURE 47 SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT
FIGURE 48 SK INNOVATION CO., LTD: COMPANY SNAPSHOT
FIGURE 49 LG CHEM: COMPANY SNAPSHOT
FIGURE 50 YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.: COMPANY SNAPSHOT
FIGURE 51 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT
 

The study involved four major activities in estimating the current size of the Industrial batteries market. Exhaustive secondary research was done to collect information on the market, peer markets, and parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the Industrial batteries value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources for this research study include annual reports, press releases, and investor presentations of companies; white papers; certified publications; and articles by recognized authors; gold- and silver-standard websites; Industrial batteries manufacturing companies, regulatory bodies, trade directories, and databases. The secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. It has also been used to obtain information about key developments from a market-oriented perspective.

Primary Research

The Industrial batteries market  comprises several stakeholders, such as such as raw material suppliers, technology support providers, Industrial batteries manufacturers, and regulatory organizations in the supply chain. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the Industrial batteries market . Primary sources from the demand side included directors, marketing heads, and purchase managers from various sourcing industries. Following is the breakdown of the primary respondents:

Industrial Batteries Market Size, and Share

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Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the total size of the Industrial batteries market. These approaches have also been used extensively to estimate the size of various dependent subsegments of the market. The research methodology used to estimate the market size included the following:

The following segments provide details about the overall market size estimation process employed in this study

  • The key players in the market were identified through secondary research.
  • The market shares in the respective regions were identified through primary and secondary research.
  • The value chain and market size of the Industrial batteries market, in terms of value and volume, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of annual and financial reports of the top market players and interviews with industry experts, such as CEOs, VPs, directors, sales managers, and marketing executives, for key insights, both quantitative and qualitative.

Global Industrial Batteries Market Size: Bottom-Up Approach

Industrial Batteries Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Industrial Batteries Market Size: Top-Down Approach

Industrial Batteries Market Size, and Share

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the industrial batteries sector.

Market Definition

The industrial batteries market encompasses the production and distribution of batteries and battery packs designed for large-scale applications in sectors such as manufacturing, transportation, energy storage, and infrastructure. These batteries, manufactured for industrial and professional use, serve as rugged high-drain standby power sources. They are integral for providing reliable power in critical operations, including backup power for data centers, renewable energy storage, and powering industrial machinery and electric vehicles. Specifically used in motive and stationary power applications, the market is characterized by advancements in battery technologies, including lithium-ion and lead-acid batteries, which offer improved efficiency, longevity, and environmental sustainability. As industries increasingly adopt electrification and seek sustainable energy solutions, the demand for robust and efficient industrial batteries continues to rise.

Key Stakeholders

  • Raw material manufacturers
  • Technology support providers
  • Manufacturers of industrial batteries market
  • Traders, distributors, and suppliers
  • Regulatory Bodies and Government Agencies
  • Research & Development (R&D) Institutions
  • End-use Industries
  • Consulting Firms, Trade Associations, and Industry Bodies
  • Investment Banks and Private Equity Firms

Report Objectives

  • To analyze and forecast the market size of Industrial batteries market in terms of value and volume
  • To provide detailed information regarding the major factors (drivers, restraints, challenges, and opportunities) influencing the regional market
  • To analyze and forecast the global Industrial batteries on the basis of battery type, end-use industry, and region.
  • To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
  • To forecast the size of various market segments based on four major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America along with their respective key countries
  • To track and analyze the competitive developments, such as acquisitions, partnerships, collaborations, expansion, agreements and expansions in the market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the client-specific needs.

The following customization options are available for the report:

  • Additional country-level analysis of the Industrial batteries market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company.

Previous Versions of this Report

Industrial Batteries Market With Covid-19 Impact Analysis, By Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2027

Report Code CH 4577
Published in Apr, 2022, By MarketsandMarkets™

Industrial Batteries Market With Covid-19 Impact Analysis, By Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2027

Report Code CH 4577
Published in Sep, 2016, By MarketsandMarkets™
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