The study on the “Industrial Battery Market” by Brand Essence Market Research is a compilation of systematic details in terms of market valuation, market size, revenue estimation, and geographical spectrum of the business vertical. The study also offers a precise analysis of the key challenges and growth prospects awaiting key players of the Industrial Battery market, including a concise summary of their corporate strategies and competitive setting.
In 2018, the Global Industrial Battery Market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
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Global Industrial Battery Market is valued at USD 9.53 Billion in 2018 and expected to reach USD 15.20 Billion by 2025 with the CAGR of 6.9% over the forecast period.
rapid industrialization, growing demand for high capacity power storages are some of the major factors driving the growth of Global Industrial Battery Market.
Scope of Global Industrial Battery Market Report–
Industrial Battery is designed to bear heavy use and more vibration and possible temperature extremes. It is designed exclusively only for industrial uses. It is mainly used in industries for lifting heavy equipment such as trucks, containers, forklifts and others. There are different types of batteries available such as lead-acid, nickel-based, lithium-based and more. Among these, Lithium batteries are most widely used in different fields not only subsea, snow space, aerospace but also some high-temperature environments. A growing number of industrial applications require rechargeable lithium-ion (Li-ion) batteries. Industrial battery is an important part of a UPS system. It is also used in electric vehicles in lifting, transporting and moving materials to warehouses. The main function of industrial batteries is to supply energy to production. Industrial batteries performances as energy source to huge data centers and allow running the internet continuously. It comes in large in size, heavier and more powerful as compared to consumer batteries. Industrial batteries offer various applications such as energy regulation, backup power and operating power. It can be used as uninterrupted power supply in industrial sectors.
Global Industrial Battery Market report is segmented on the basis of type, application and region & country level. Based upon type, industrial battery market is classified into lead-acid, nickel-based, lithium-based and others. Based upon application, industrial battery market is classified into telecommunication, power storages, industrial equipment, electric grid storage and others.
The regions covered in this industrial battery market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of industrial battery is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players Industrial Battery Market Report-
Industrial battery market report covers prominent players are Robert Bosch GmbH, C&D Technologies, Inc., East Penn Manufacturing Company, GS Yuasa Corporation, Enersys Inc., Exide Technologies Inc., Johnson Controls Inc., Northstar Battery Company LLC. , Saft Groupe S.A. and others.
Global Industrial Battery Market Dynamics–
Increasing rapid industrialization and growing demand for high capacity power storages are the major factors driving the growth of the global industrial battery market. According to The World Energy Council, in 2016, projected that there could be as much as 250 GW of energy storage installed by 2030. In addition, the global industrial batteries market is segmented as Lead-Acid, Nickel-Based, Lithium-Based and Others. Among these, the lead-acid battery is expected to be the fastest-growing segment in coming years. It has highest demand across the globe due to low emission, increased life and recyclability. In fact, recyclability of the batteries will also impact the global market in the futures. Also, lithium-ion batteries are highly used in many applications, which are expected to increase growth of market in the forecast period. According to EIA, Lithium-ion represented more than 80% of the installed power and energy capacity of largescale battery storage in operation in the United States at the end of 2016. As per EIA, Over 80% of U.S. large-scale battery storage power capacity is currently provided by batteries based on lithium-ion chemistries in 2017.
However, high cost with limited resources of raw materials and strict regulations regarding use of toxic organic chemicals used in the production of industrial batteries may hamper the market growth. In spite of that, innovative technology in industrial sectors and the increasing investment in research and development can provide various opportunities for the further growth of global industrial battery market.
Global Industrial Battery Market Regional Analysis–
North America is expected to dominate the global industrial battery market with the highest share due to rising industrial sectors and presence of battery manufactures like; Exide Technologies, Northstar Battery Company and others in this region. According to United States Department of Agriculture, agriculture, food and related industries contributed USD 1.053 trillion to U.S. gross domestic product (GDP) in 2017 and over 35,000 food and beverage manufacturing plants located all over the country. In addition, favorable government initiatives regarding power storages and increasing number of research collaborations are some of the drivers expected to accelerate the market growth in this region.
Asia-Pacific is expected to emerge as the fastest-growing regional market over the forecast period due to increasing adoption of batteries in this region. Emerging markets such as South Korea, China, and Japan are major markets for industrial batteries in this region. In addition, the presence of oil & gas industries in this region is also predicted to propel the industrial battery market growth. Furthermore, increasing government initiatives for renewable energy devices and increasing demand for industrial batteries are also supplementing the growth of industrial battery market in this region.
Key Benefits for Industrial Battery Market Report–
Global market report covers in depth historical and forecast analysis.Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.Global market report helps to identify opportunities in market place.Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Industrial Battery Market Segmentation:–
- Power Storages
- Industrial Equipment
- Electric Grid Storage
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- South America
- The Middle East and Africa
- Rest of Middle East and Africa
Table of Contents
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Industrial Battery Market Size Growth Rate by Type (2014-2025)
1.4.2 Topical Products
1.4.4 Dermal Fillers
1.4.5 Chemical Peels
1.4.6 Microabrasion Equipment
1.4.7 Laser Surfacing Treatments
1.5 Market by Application
1.5.1 Global Industrial Battery Market Share by Application (2014-2025)
1.5.3 Dermatology Clinics
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Industrial Battery Market Size
2.2 Industrial Battery Growth Trends by Regions
2.2.1 Industrial Battery Market Size by Regions (2014-2025)
2.2.2 Industrial Battery Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities
3 Market Share by Key Players
3.1 Industrial Battery Market Size by Manufacturers
3.1.1 Global Industrial Battery Revenue by Manufacturers (2014-2019)
3.1.2 Global Industrial Battery Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Industrial Battery Market Concentration Ratio (CR5 and HHI)
3.2 Industrial Battery Key Players Head office and Area Served
3.3 Key Players Industrial Battery Product/Solution/Service
3.4 Date of Enter into Industrial Battery Market
3.5 Mergers & Acquisitions, Expansion Plans
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