Industrial Batteries Market – Global Opportunities & Forecast, 2020-2027
The market report analyses the market while considering various aspects of the market such as market size, market status, market trends, and forecast. The report also offers brief information on the competitors and specific growth opportunities while covering the key drivers of the market. The report has been categorized based on the different segments, including type, application, and regions.
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Leading Players in the Industrial
Batteries Market:
The Industrial Batteries Market is fairly
fragmented, and a number of global and regional players operating in the market
are:
·
Johnson Controls International
Plc
·
Exide Technologies
·
EnerSys
·
Panasonic Corporation
·
Saft Groupe S.A.
·
GS Yuasa International Ltd.
·
C&D Technologies, Inc.
·
Robert Bosch GmbH
·
East Penn Manufacturing Company
·
LG Chem, Ltd.
Industrial Batteries Market drivers:
The industrial batteries market is
witnessing strong growth in the upcoming years include growing demand for high
capacity power storages, continuous industrialization, and growing demand for
uninterrupted electric energy globally. Moreover, increasing demand for back-up
power in the industrial sector, along with surged recycling efficiency and
energy density of lead-acid and lithium-based industrial batteries, are
enhancing the demand of the market. Furthermore, the growing demand for
industrial batteries in different sectors, including the automotive,
construction, material handling industry, telecommunication, data centers,
power generation, and utility sector, is opening new doors for market growth.
In addition to this, rapidly rising industries that includes IT,
telecommunication, power and energy, automotive, among other, are further
enhancing the demand for industrial batteries across the globe. On the other
hand, high capital investment requirements and rigorous government regulation
for the use of some toxic chemicals in the production of batteries will hinder
the growth of the market in the upcoming years.
Based on the region, the Asia-Pacific
region is expected to grow at a higher CAGR during the forecast period due to
the growing urbanization and increasing per capita purchasing parity in
developing economies, including India, China, Japan, and South Korea. Moreover,
the rising automotive and telecom industries in the region and the growing
demand for uninterrupted power supply and energy storage devices in these
industries are propelling the growth of the market.
Industrial Batteries Market Segmentation:
According to the report published by GMI
Research, titled “Industrial Batteries Market,” the industry is predicted to
witness the highest CAGR during the forecast period. The segmentation of the
market is as follows:
By Type:
·
Lead-Acid
·
Nickel-Based
·
Lithium-Based
·
Others
By
End-user Industry:
·
Telecom & Data Communication
·
Uninterruptible Power Supply (UPS)/Backup
·
Grid-Level Energy Storage
·
Industrial Equipment
·
Others
By Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining
countries of the LAMEA region)
About GMI
Research
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