Dublin, May 20, 2022 (GLOBE NEWSWIRE) -- The "Global 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) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global Industrial batteries market size is projected to grow from USD 18.1 billion in 2022 to USD 28.1 billion by 2027, at a CAGR of 9.2% between 2022 and 2027.
The Industrial batteries market is expected to grow at a moderate growth rate owing to factors such as increasing demand in plug-in vehicles, rising adoption of lithium-ion batteries in renewable energy sector, and increasing demand for grid energy storage systems owing to ongoing grid modernization. Availability of low-cost substitutes and issues related to transportation and storage of used or spent batteries are hindering the growth of Industrial batteries market.
Lithium-ion industrial batteries is projected to witness considerable CAGR during the forecast period
Lithium-ion industrial batteries market is projected to witness a considerable growth during the forecast period. The growth in this segment is attributed to its properties such as lightweight, portable, and smaller in size as compared to other types of batteries, which has increased their adoption in various applications.
The Stationary segment projected to lead the Industrial batteries market from 2022 to 2027
The stationary segment is the fastest-growing Industrial batteries market by end use. Stationary end-use industry comprises of Telecommunication, UPS and Grid level applications . Grid level has the highest CAGR among all the other applications due to the in-grid and off-grid renewable energy deployments which are witnessing steady growth in developed as well as emerging countries. Batteries have been utilized for energy storage applications over many years. However, recently, the battery storage technology has gained higher traction as a resource to support higher levels of electricity generation from renewable energy.
North America projected to account for the maximum share of the global Industrial batteries market during the forecast period
North America is projected to lead the global Industrial batteries market from 2022 to 2027. North America is the world's leading consumer as well as producer of Industrial batteries. The market in the region is driven because of the developed economies such as US and Canada which have large number of industrial batteries manufacturers as well as consumers. This growth and development are mainly attributed to the high economic growth rate in the region, followed by heavy investments across industries, such as electric vehicle and recreational vehicles.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Industrial Batteries Market
4.2 Industrial Batteries Market, by Battery Type
4.3 Industrial Batteries Market Size, by Stationary End-Use Industry
4.4 Industrial Batteries Market in Europe, by Battery Type and Country
4.5 Industrial Batteries Market, by Region & Battery Type, in 2022
4.6 Industrial Batteries Market: Major Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand for Plug-In Vehicles
5.2.1.2 Rising Adoption of Lithium-Ion Batteries in Renewable Energy Sector
5.2.1.3 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 Telecommunication Sector
5.2.3.2 Increasing Battery Innovation Initiatives by Established Players
5.2.4 Challenges
5.2.4.1 Limited Usage and Overheating Issues of Industrial Batteries
5.2.4.2 Disruptions in Supply Chain due to COVID-19 Pandemic
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
5.4 Macroeconomic Indicators
5.4.1 Gdp Trends and Forecast of Major Economies
5.5 Impact of COVID-19
5.5.1 Introduction
5.5.2 Disruptions in Industry
5.5.3 Changes in Strategies to Overcome Supply Chain Constraints
5.5.4 New Market Opportunities/Growth Opportunities
5.6 Case Study Analysis
5.6.1 Collaboration Between Nexcharge and Tata Power Delhi Distribution (Tpddl) Launched Grid-Connected Lithium-Ion Battery Energy Storage System
5.6.2 Deployment of Off-Grid Battery Energy Storage Systems for Renewable Energy Project
5.6.3 Saft Group's Lithium-Ion Batteries Used in IoT Platform
5.7 Technology Analysis
5.7.1 Lithium Metal Battery
5.7.2 Lithium-Sulfur Batteries
5.7.3 Sodium-Sulfur Batteries
5.7.4 Cobalt-Free Batteries
5.7.5 Metal-Air Batteries
5.7.6 Liquid-Metal Batteries
5.7.7 Potassium Metal Batteries
5.7.8 Zinc Manganese Batteries
5.7.9 Vanadium-Flow Batteries
5.7.10 Gold Nanowire Gel Electrolyte Batteries
5.8 Value Chain Analysis
5.9 Tariff and Regulatory Landscape
5.9.1 Regulatory Bodies, Government Agencies, and Other Organizations
5.10 Ecosystem
5.11 Key Conferences & Events in 2022-2023
5.12 Trade Analysis
5.13 Key Stakeholders & Buying Criteria
5.13.1 Introduction
5.13.2 Key Stakeholders in Buying Process
5.13.3 Buying Criteria
5.14 Patent Analysis
5.14.1 Introduction
5.14.2 Methodology
5.14.3 Document Type
5.14.4 Insights
5.14.5 Legal Status of Patents
5.14.6 Top Companies/ Applicants
5.15 Trends/Disruptions Impacting Customer Businesses
6 Industrial Batteries Market, by Battery Type
6.1 Introduction
6.2 Lead-Acid
6.2.1 Increasing Adoption of Lead-Acid Batteries in Grid Energy Storage
6.3 Lithium-Ion
6.3.1 Decrease in Prices to Increase Demand for Lithium-Ion Batteries
6.4 Others
6.4.1 Less Expensive Batteries to Drive Demand
7 Industrial Batteries Market, Market by End-Use Industry
7.1 Introduction
7.2 Stationary Industrial Batteries
7.2.1 Telecommunication
7.2.2 Uninterruptible Power Supply (Ups)/Backup
7.2.3 Grid Level
7.3 Motive Industrial Battery
7.3.1 Light Speed Electric Vehicles
7.3.2 Floor Scrubbers
7.3.3 Material Handling
7.3.4 Marine
7.3.5 Recreational Vehicles
8 Industrial Batteries Market, by Region
9 Competitive Landscape
9.1 Introduction
9.1.1 Revenue Analysis of Top Companies
9.2 Market Share Analysis of Top Players, 2021
9.3 Company Evaluation Quadrant, 2021
9.3.1 Star
9.3.2 Emerging Leader
9.3.3 Pervasive
9.3.4 Participant
9.4 Small and Medium-Sized Enterprises (Sme) Evaluation Quadrant, 2021
9.4.1 Progressive Company
9.4.2 Responsive Company
9.4.3 Dynamic Company
9.4.4 Starting Block
9.5 Industrial Batteries Market: Startup Matrix
9.6 Industrial Batteries Market: Company Footprint
9.7 Competitive Scenario and Trends
9.7.1 Product Launches
9.7.2 Deals
9.7.3 Others
10 Company Profile
10.1 Key Players
10.1.1 Enersys Inc.
10.1.1.1 Business Overview
10.1.1.2 Products/Solutions/Services Offered
10.1.1.3 Recent Developments
10.1.1.3.1 Product Launches
10.1.10.3.2 Deals
10.1.1.4 Analyst's View
10.1.1.4.1 Key Strengths/Right to Win
10.1.1.4.2 Winning Imperatives
10.1.1.4.3 Strategic Choices
10.1.1.4.4 Weaknesses and Competitive Threats
10.1.2 C&D Technologies, Inc.
10.1.2.1 Business Overview
10.1.2.2 Products/Solutions/Services Offered
10.1.2.3 Analyst's View
10.1.2.3.1 Key Strengths/Right to Win
10.1.2.3.2 Strategic Choices
10.1.2.3.3 Weaknesses and Competitive Threats
10.1.3 Gs Yuasa Corporation
10.1.3.1 Business Overview
10.1.3.2 Products/Solutions/Services Offered
10.1.3.3 Recent Developments
10.1.3.3.1 Product Launches
10.1.3.3.2 Deals
10.1.3.3.3 Others
10.1.3.4 Analyst's View
10.1.3.4.1 Key Strengths/Right to Win
10.1.3.4.2 Winning Imperatives
10.1.3.4.3 Strategic Choices
10.1.3.4.4 Weaknesses and Competitive Threats
10.1.4 Exide Industries
10.1.4.1 Business Overview
10.1.4.2 Products/Solutions/Services Offered
10.1.4.3 Recent Developments
10.1.4.3.1 Others
10.1.5 Crown Battery
10.1.5.1 Business Overview
10.1.5.2 Products/Solutions/Services Offered
10.1.6 East Penn Manufacturing Company
10.1.6.1 Business Overview
10.1.6.2 Products/Solutions/Services Offered
10.1.6.3 Recent Developments
10.1.6.3.1 Product Launches
10.1.7 Leoch International Technology Limited Inc.
10.1.7.1 Business Overview
10.1.7.2 Products/Solutions/Services Offered
10.1.8 Samsung Sdi Co., Ltd.
10.1.8.1 Business Overview
10.1.8.2 Products/Solutions/Services Offered
10.1.8.3 Recent Developments
10.1.8.3.1 Product Launches
10.1.8.4 Analyst's View
10.1.8.4.1 Key Strengths/Right to Win
10.1.8.4.2 Strategic Choices
10.1.8.4.3 Weaknesses and Competitive Threats
10.1.9 Sk Innovation
10.1.9.1 Business Overview
10.1.9.1 Products/Solutions/Services Offered
10.1.9.2 Recent Developments
10.1.9.2.1 Deals
10.1.9.2.2 Others
10.1.10 Narada Power
10.1.10.1 Business Overview
10.1.10.2 Products/Solutions/Services Offered
10.1.10.3 Recent Developments
10.1.10.3.1 Product Launches
10.1.10.3.2 Deals
10.1.11 Vision Group
10.1.11.1 Business Overview
10.1.11.2 Products/Solutions/Services Offered
10.1.11.3 Recent Developments
10.1.11.3.1 Product Launches
10.1.12 Lg Chem
10.1.12.1 Business Overview
10.1.12.2 Products/Solutions/Services Offered
10.1.12.3 Recent Developments
10.1.12.3.1 Product Launches
10.1.12.3.2 Deals
10.1.13 Yuasa Battery (Thailand) Public Company Limited
10.1.13.1 Business Overview
10.1.13.2 Products/Solutions/Services Offered
10.1.14 Hoppecke
10.1.14.1 Business Overview
10.1.14.2 Products/Solutions/Services Offered
10.1.14.3 Recent Developments
10.1.14.3.1 Product Launches
10.1.14.3.2 Deals
10.1.15 Sunlight
10.1.15.1 Business Overview
10.1.15.2 Products/Solutions/Services Offered
10.1.16 Tab
10.1.16.1 Business Overview
10.1.16.2 Products/Solutions/Services Offered
10.1.16.3 Recent Developments
10.1.16.3.1 Deals
10.1.17 Relion
10.1.17.1 Business Overview
10.1.17.2 Products/Solutions/Services Offered
10.1.17.3 Recent Developments
10.1.17.3.1 Product Launches
10.1.17.3.2 Deals
10.1.17.3.3 Others
10.1.18 Onecharge
10.1.18.1 Business Overview
10.1.18.2 Products/Solutions/Services Offered
10.1.18.3 Recent Developments
10.1.18.3.1 Deals
10.1.18.3.2 Product Launches
10.1.18.3.3 Others
10.1.19 Ritar International Group
10.1.19.1 Business Overview
10.1.19.2 Products/Solutions/Services Offered
10.1.19.3 Recent Developments
10.1.19.3.1 Others
10.1.20 U.S. Battery Mfg.
10.1.21 Business Overview
10.1.21.1 Products/Solutions/Services Offered
10.2 Other Players
10.2.1 Amaron Batteries
10.2.2 Saft Groupe
10.2.3 Rolls Battery
10.2.4 Victron Energy
10.2.5 Northvolt Ab
11 Adjacent Market
12 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/q3scse
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