Industrial Batteries Market Growth, Share, Forecast 2024-2032

Industrial batteries are electrochemical devices used as a power source for large, rugged equipment.

According to IMARC Group latest report titled “Industrial Batteries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on industrial batteries market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global industrial batteries market size reached US$ 22.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.24% during 2024-2032.

Request a Free Sample Report: https://www.imarcgroup.com/industrial-batteries-market/requestsample

Industrial batteries play a pivotal role in powering a wide range of applications within various industrial sectors. These batteries are designed for heavy-duty use, providing reliable and consistent energy storage for demanding applications. Common types include lead-acid batteries, nickel-cadmium batteries, and increasingly, lithium-ion batteries. Lead-acid batteries are prevalent in applications like forklifts and backup power systems, offering a cost-effective solution. Nickel-cadmium batteries are known for their durability and ability to withstand extreme conditions, making them suitable for industries such as aerospace and telecommunications. The emergence of lithium-ion batteries in industrial settings brings advancements in energy density and longer life cycles. Industrial batteries contribute to uninterrupted operations, efficient material handling, and backup power solutions, ensuring the reliability and productivity of diverse industrial processes. The market for industrial batteries continues to evolve with ongoing technological advancements, emphasizing energy efficiency and sustainability in industrial operations.

Market Trends:

The global market is majorly driven by the increasing demand for reliable and sustainable energy solutions. Furthermore, the increasing automation and electrification of industrial processes across sectors such as manufacturing, logistics, and telecommunications drive the demand for efficient and high-capacity energy storage systems, catalyzing the market. As industries strive for operational continuity and efficiency, the role of industrial batteries in providing uninterruptible power supply and facilitating peak demand management becomes paramount, propelling the market. Besides, the global emphasis on sustainability and the transition towards clean energy sources propel the adoption of energy storage solutions like lithium-ion batteries within industrial settings, aiming to reduce the carbon footprint and enhance environmental responsibility. Additionally, the growth of renewable energy installations, such as solar and wind power, intensifies the need for industrial batteries to store excess energy generated during peak production for use during periods of low renewable output, bolstering the market. Moreover, the rise of electric vehicles and material handling equipment within industrial operations increases the demand for advanced and durable batteries to power these electric fleets, fostering innovations in battery technology. Apart from this, the continuous expansion of data centers and the telecommunications industry, coupled with the increasing reliance on uninterrupted power supply, contribute to the robust demand for reliable industrial battery solutions.

View Full Report with TOC List of Figure: https://www.imarcgroup.com/industrial-batteries-market

 Competitive Landscape

  • Accumulatorenwerke HOPPECKE Carl Zoellner Sohn GmbH
  • Amara Raja Group
  • American Battery Solutions
  • Bulldog Battery Corporation
  • CD Technologies Inc.
  • EnerSys
  • Exide Industries Limited
  • GS Yuasa Corporation
  • Industrial Battery Services Inc.
  • Johnson Controls International
  • Panasonic Corporation
  • Saft (TotalEnergies SE).

Key Market Segmentation:

Our report has categorized the market based on region, 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)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1–631–791–1145 | United Kingdom: +44–753–713–2163


oliver reigns

13 Blog posts

Comments