Insights on the Industrial Batteries Global Market to 2027 - by Drive Type, Technology, Application and Region


Dublin, Feb. 16, 2022 (GLOBE NEWSWIRE) -- The "Industrial Batteries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to's offering.

The global industrial batteries market reached a value of US$ 19.33 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 28.68 Billion by 2027, exhibiting a CAGR of 6.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor

Industrial batteries are electrochemical devices used as a power source for large, rugged equipment. They consist of cathodes, anodes and electrolyte solutions and offer resistance to vibrations and extreme temperatures. Lithium-ion, nickel-based, lithium titanate, lithium magnesium oxide and lead-based batteries are some of the commonly available variants. They are widely used in medical equipment, uninterruptible power source (UPS), safety alarms, tracking systems and automobile accessories. In comparison to the traditionally used consumer batteries, industrial variants have longer operation life and can be utilized in extreme environments and remote locations. As a result, industrial batteries are extensively used in energy, grid storage, utility, and telecommunication systems

Industrial Batteries Market Trends:

Rapid industrialization and increasing requirement for factory automation across the globe are among the key factors driving the growth of the market. The rising requirement for continuous and reliable sources of energy is leading to the widespread adoption of industrial batteries to power heavy-duty equipment. Additionally, the increasing utilization of lithium-ion (Li-ion) batteries across industries is favouring the market growth. Li-ion batteries are widely used in surveillance and alarm systems, industrial electronics, and solar power backup storage systems.

Moreover, various product innovations, such as the launch of green industrial batteries that assist in reducing carbon footprint and are environmentally friendly, are providing a thrust to the market growth. In line with this, the increasing product utilization in health monitoring systems, critical care equipment and power cleaning tools in hospitals and healthcare centres is positively impacting the market growth. Other factors, including the rising demand for electric vehicles (EVs), along with the widespread product adoption in the manufacturing industry, are anticipated to drive the market toward growth

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global industrial batteries market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on drive type, technology and application

Breakup by Drive Type:

  • Electric
  • Hydraulic
  • Others

Breakup by Technology:

  • Lithium-Ion Battery
  • Lead-Acid Battery
  • Others

Breakup by Application:

  • Forklift
  • Telecom
  • UPS
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH, Amara Raja Group, American Battery Solutions, Bulldog Battery Corporation, C&D Technologies Inc., EnerSys, Exide Industries Limited, GS Yuasa Corporation, Industrial Battery & Services Inc., Johnson Controls International, Panasonic Corporation and Saft (TotalEnergies SE)

Key Questions Answered in This Report:

  • How has the global industrial batteries market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global industrial batteries market?
  • What are the key regional markets?
  • What is the breakup of the market based on the drive type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global industrial batteries market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Industrial Batteries Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Drive Type
6.1 Electric
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hydraulic
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Technology
7.1 Lithium-Ion Battery
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Lead-Acid Battery
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by Application
8.1 Forklift
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Telecom
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 UPS
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Accumulatorenwerke HOPPECKE Carl Zoellner & Sohn GmbH Company Overview Product Portfolio
14.3.2 Amara Raja Group Company Overview Product Portfolio Financials
14.3.3 American Battery Solutions Company Overview Product Portfolio
14.3.4 Bulldog Battery Corporation Company Overview Product Portfolio
14.3.5 C&D Technologies Inc. Company Overview Product Portfolio SWOT Analysis
14.3.6 EnerSys Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 Exide Industries Limited Company Overview Product Portfolio Financials
14.3.8 GS Yuasa Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Industrial Battery & Services Inc. Company Overview Product Portfolio
14.3.10 Johnson Controls International Company Overview Product Portfolio Financials SWOT Analysis
14.3.11 Panasonic Corporation Company Overview Product Portfolio Financials SWOT Analysis
14.3.12 Saft (TotalEnergies SE) Company Overview Product Portfolio

For more information about this report visit


Global Industrial Batteries Market

Contact Data