Industrial Batteries Industry Size

The report "Industrial Batteries Market by Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast to 2029", 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 market for industrial batteries is being driven by the growing need for grid energy storage solutions as a result of continuous grid modernization. The two most common renewable energy sources that are stored in networks are solar and wind energy. However, fluctuations in the process of energy creation are caused by clouds or wind currents that fluctuate. These variations make flexible grid systems—which are used to store energy—necessary. Industrial batteries are starting to play a crucial role in modernising the grid. When there is a surplus of power produced above what is needed, these solutions assist grid operators in conserving energy. Adoption of these technologies enhances the distribution, transmission, and production of electric power supply systems' flexibility and dependability.

Browse 253 market data Tables and 49 Figures spread through 242 Pages and in-depth TOC on "Industrial Batteries Market by Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast to 2029"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/industrial-batteries-market-36754108.html

The lead acid battery is expected to account for the largest share of the industrial batteries Market, by battery type, during the forecast period, in terms of value

By battery type, Lead-acid batteries are anticipated to account for the largest market share during the forecast period in terms of value due to their widespread use and proven reliability in various industrial applications. These batteries are favored for their cost-effectiveness, robust performance, and ability to provide high surge currents, making them ideal for applications such as backup power systems, forklifts, and large-scale energy storage. The mature technology and established supply chain infrastructure further contribute to their dominant market position. Additionally, ongoing advancements in lead-acid battery technology, such as improved energy density and longer lifespan, ensuring sustained demand and market leadership in the industrial battery market.

By end-use industry, stationery segment is accounted for the largest market share during the forecast period in terms of value.

Based on end-use industry, The stationary segment is projected to hold the largest market share in terms of value during the forecast period due to its critical role in providing reliable power solutions across various industries. This includes applications such as backup power for data centers, telecommunications, and uninterruptible power supplies (UPS) for essential infrastructure. The growing emphasis on maintaining continuous power availability in an increasingly digital and connected world drives demand for industrial batteries. Additionally, the rising adoption of renewable energy sources requires efficient energy storage solutions, further boosting the industrial batteries market. The proven reliability, long service life, and advanced energy management capabilities of these batteries make them indispensable for ensuring operational continuity and grid stability.

North America is projected to register the largest market share during the forecast period.

North America is accounted for the largest market share in the industrial batteries market during the forecast period, driven by several key factors. The region's robust industrial base, significantly boosts demand for reliable and efficient energy storage solutions, and other factors. The strong presence of data centers and telecommunications infrastructure, requiring continuous power backup, also contributes to North America's dominant market position in the industrial batteries sector. The manufacture of industrial batteries in North America are EnerSys Inc. (US), East Penn Manufacturing Company (US), and others.

Some of the leading players in this market include C&D Technologies, Inc. (US), EnerSys, Inc. (US), Exide Industries Ltd. (India), Crown Batteries (US),  GS Yuasa Corporation (Japan), among others.

Don’t miss out on business opportunities in Industrial Batteries Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]