Global Industrial Batteries Market Forecast to 2030

The global industrial battery market size reached USD 17.0 Billion in 2021 and is expected to register a revenue CAGR of 9.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing demand for lithium-ion batteries from the automotive industry is a major factor driving market revenue growth. Rising demand for industrial batteries to power homes, buildings, machinery, and equipment at construction sites is also a factor driving revenue growth in the market. For instance, South Australia is home to the largest lithium-ion battery installation and is powered by Tesla. It has a 100-megawatt capacity and powers 30,000 homes. It has also announced a 50% increase, which will raise its capacity to 150 MW.

With the reader's comprehension in mind, the team of analysts at Emergen Research painstakingly put up the new study named "Global Industrial Batteries Market." A sizable database on industry distribution is also included. The study takes into account both historical and current market conditions in order to forecast the worldwide Industrial Batteries Market outlook during the forecast period (2022–2030). Researchers who thoroughly examined the global market were able to identify the factors affecting the industry's overall growth. Strong analytical techniques, such as SWOT analysis and Porter's Five Forces, are used in the research to assess the strengths, weaknesses, opportunities, and threats connected to the growth of different market segments.

An emerging trend in large-scale battery storage is to deploy centralized batteries in a district to store the surplus energy generated by locally distributed generation plants, such as rooftop solar PV and others. These battery storage systems are connected to the distribution network and can be directly controlled by the distribution system operator. The stored electricity can be utilized later when demand exceeds supply in the specific district. Such a pilot project is being implemented in Walldorf, Germany, with a 100 kW battery system connected to 40 households.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Industrial Batteries market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

EnerSys, Exide Industries Ltd., LG Chem, CD Technologies, Inc., SK Innovation Co., Ltd., GS Yuasa International Ltd., Robert Bosch GmbH, SAMSUNG SDI Co., LTD., Solid Power, Inc., Amara Raja Group, Rolls Battery, and Saft

Research Report on the Industrial Batteries Market Addresses the Following Key Questions:

• Who are the dominant players of the Industrial Batteries market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Industrial Batteries market?
• What are the key growth drivers and restraining factors of the Industrial Batteries market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Industrial Batteries market and its key segments?

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Some Key Highlights From the Report

• The Nickel-Metal Hydride batteries segment is expected to register a steady growth rate due to content of fewer toxic metals as compared to other batteries such as Nickel Cadmium (Ni-Cad), and is currently labeled as environmentally friendly. This battery type has approximately 30% more capacity and periodic exercise cycles need to be done less often, is also easy to store and transport, and not subject to regulatory guidelines.
• Automotive segment revenue is expected to register a rapid growth rate during the forecast period due to high demand for rechargeable batteries with greater power capacity for powering Electric Vehicles (EVs). Moreover, Automotive Original Equipment Manufacturers (OEMs) are increasing investment in developing more advanced technologies, including battery power capacity, production volume, and plant upgrade, among others, which is driving revenue growth of the segment.
• The market in Asia Pacific accounted for largest revenue share in 2021 due to presence of major companies such as LG Chem, SAMSUNG SDI Co., LTD., and others. Increasing government initiatives to reduce environmental pollution and reduce dependency on and use of non-renewable energy resources are some key factors contributing to revenue growth of the market.

Market Segmentations of the Industrial Batteries Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Industrial Batteries market on the basis of product, application, and region:

Segments Covered in this report are:

• Product Type Outlook (Revenue, USD Billion; 2019–2030)
• Lithium-Ion
• Lead-Acid
• Nickel-Metal Hydride
• Nickel-Cadmium
• Others

• Battery Type Outlook (Revenue, USD Billion; 2019–2030)
• Primary Battery
• Secondary Battery

• End-Use Outlook (Revenue, USD Billion; 2019–2030)
• Automotive
• Telecom Data Communication
• Grid-Level Energy Storage
• Power Supply/Backup
• Others

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Regional Landscape section of the Industrial Batteries report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Industrial Batteries Market report:

1. The latest report comprehensively studies the global Industrial Batteries market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Industrial Batteries Market report is an exhaustive database that will help readers formulate lucrative strategies. The Industrial Batteries Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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