Industrial Battery Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Energy and Power | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC413

Introduction

Batteries or battery pack is used as a source of power for various industrial purposes for instance construction, robotics, handling, and railroad applications. Industrial batteries are able to provide power source as long as the device operates. These batteries are used in remote sensors, oceanographic devices, GPS tracking devices and toll tags of automotive and are able to operate as long as 50 years in the outdoor conditions. Industrial batteries are capable of operating in temperature ranges from -55 to 150° C. Most of the industrial applications require lithium ion (Li-ion) cells as they can operate for 20 years and work under diverse climatic conditions. The oldest industrial battery was made up of Nickel Cadmium (NiCad). The demand for NiCad batteries has decreased over the years as they were large in size and have low energy density. Lithium batteries are the most modern industrial batteries in the market.

Market Dynamics

The global industrial batteries market is growing at a significant pace owing to the growth in demand from automotive industry. The emerging economies such as India, China, Brazil, UAE, Saudi Arabia and some parts of Africa are witnessing rapid growth in automotive sector, thereby driving the market for industrial batteries. Also, the growth in renewable energy sector paves the growth opportunities for industrial batteries market. However, the market for industrial batteries faces hindrance owing to the safety issues associated with its operation. Moreover, huge capital investment required by manufactures for production of industrial batteries also restricts the growth of global industrial batteries market. The growing telecom & data center industry offer huge growth opportunity for the global industrial batteries market in the coming years.

Market Classification and Overview

The global industrial batteries market can be segmented based on type, end-use industry, and geography. Lead-acid based, Nickel based and Lithium based are the various type of industrial batteries present in the market and used for various industrial & commercial purpose. Lead-acid batteries accounted for the largest share in the global industrial battery market. Lithium-based batteries is projected  to be the most preferred battery type during the forecast period as they are rapidly being used  in various industrial applications. Lithium based industrial batteries offer properties such as low carbon emission, and recyclability. These batteries are also small in size compared to the other battery types present in the market. Based on end-use industries, the industrial batteries are used in telecom & data centers, industrial equipment, UPS backup and automotive. The telecom sector was the largest revenue contributor to the global industrial battery market in the current year as the telecom sector requires power backup for its operations.

The market for industrial battery is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). Asia-Pacific was the largest market for industrial battery in 2015 owing to the increased demand for industrial batteries from automotive and telecom sectors. Asia-Pacific is closely followed by North America owing to the industrial battery requirement in data centers. The market for industrial battery in European region is projected to witness a stagnant growth due to the matured automotive and telecom industry. The demand for industrial batteries in LAMEA is likely to grow due to the increase in the telecom industry.

Report Coverage

Market

Global Industrial Battery Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Type, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Key players involved in the global industrial battery market are focusing on key market strategies such as acquisitions and mergers with local and established players. Moreover, companies are also focusing on R&D of batteries with low carbon emission. Some of the players involved in manufacture and supply of industrial batteries include Saft Groupe S.A., East Penn Manufacturing Company, Exide Technologies Inc., Johnson Controls Inc., NorthStar Battery Company LLC and EnerSys Inc. among others.

Market Segmentation

Market by Type

·         Lead-acid based

·         Nickel based

·         Lithium based

Market by End-User Industry

·         Telecom & data centers

·         Industrial equipment

·         UPS backup

·         Automotive

·         Others

Market by Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Philippines

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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