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


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


Global Industrial Battery Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year


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

Related Reports

Electrostatic Precipitator Market (By Application: Chemical, Metal, Power Generation, Cement, Manufacturing, Others; By Technology: Dry, Wet) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global Electrostatic Precipitator Market size is anticipated to around USD 15.2 billion by 2026, this market is anticipated to grow with 3.9% CAGR during the forecast time period. Rising purchaser mindfulness, tendency towards healthy lifestyle, and ascend in air contamination are required to drive the market development.

Coal to Liquid (CTL) Market (By Product: Diesel, Gasoline, Others; By Technology: DCL, ICL) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The international Coal to Liquid (CTL) is estimated to develop with 4.2% CAGR during the coming years and the industry is predicted to reach USD 5.8 billion by 2026. Market Dynamics Increase in the expenses of natural gas processing or crude oil is additionally a

String Inverter Market (By Power Class: Single Phase, Three Phase [Low Power (?99 kW), High Power (>99 kW)]; By Nominal Output Power: ?500 W, 500-1500W, > 1500 W; By Nominal Output Voltage: ? 230 V, 230 - 400 V, > 400 V; By Connectivity: Stand-alone, On-grid; By Application: Residential, Commercial [College/University, Office , Government/Military, Others], Industrial [Chemical , Paper, Food Processing, Others], Utility) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction String inverter is a machine coupled with the equipment of solar photovoltaic power generation equipment. A string inverter makes the sufficient conversion of electricity from Direct Current (DC) to Alternating Current (AC). String inverters are the fundamental element of a solar panel system. The report provides analysis of global string inverter market for the period 2016-2026, wherein 2018

Air Pollution Control System Market (By Application: Chemical, Iron & Steel, Power Generation, Cement, Others; By Product: Scrubbers, Thermal Oxidizers, Catalytic Converters, Electrostatic Precipitators, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026

Introduction The global air pollution control systems market size in terms of revenue was valued at USD 66.62 billion by 2017 and is expected to exhibit a 5.1% CAGR during the forecast period. Alarming levels of pollution, along with government regulations, are encouraging the adoption of air pollution control systems. Rising urbanization leading to growing respira

Wind Turbine Operations & Maintenance Market - (By Application- Offshore, Onshore)- Global Industry Size, Share, Trends, and Forecast, 2018-2026

Introduction Wind turbine operations and maintenance is the services of maintaining the smooth working of the wind turbines. It is one of the most prominent segment and business having a huge opportunity in the near future. During last few years, increase in attention toward renewable and nonconventional source of energy has led to increased in the demand for the various mainten

Cart Summary