The report "Industrial Batteries Market by Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast to 2029", Industrial Batteries Market size is projected to grow from USD 21.2 billion in 2024 to USD 34.7 billion by 2029, at a CAGR of 10.3%. The Research report presents a complete judgment of the market which consists of industrial batteries market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data.
The market for industrial batteries is being driven by the growing need for grid energy storage solutions as a result of continuous grid modernization. The two most common renewable energy sources that are stored in networks are solar and wind energy. However, fluctuations in the process of energy creation are caused by clouds or wind currents that fluctuate. These variations make flexible grid systems—which are used to store energy—necessary. Industrial batteries are starting to play a crucial role in modernising the grid. When there is a surplus of power produced above what is needed, these solutions assist grid operators in conserving energy. Adoption of these technologies enhances the distribution, transmission, and production of electric power supply systems' flexibility and dependability.
Browse in-depth TOC on "Industrial Batteries Market"
228 – Tables
51 – Figures
250 – Pages
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The lead acid battery is expected to account for the largest share of the industrial batteries Market, by battery type, during the forecast period, in terms of value.
By battery type, Lead-acid batteries are anticipated to account for the largest market share during the forecast period in terms of value due to their widespread use and proven reliability in various industrial applications. These batteries are favored for their cost-effectiveness, robust performance, and ability to provide high surge currents, making them ideal for applications such as backup power systems, forklifts, and large-scale energy storage. The mature technology and established supply chain infrastructure further contribute to their dominant market position. Additionally, ongoing advancements in lead-acid battery technology, such as improved energy density and longer lifespan, ensuring sustained demand and market leadership in the industrial battery market.
By end-use industry, stationery segment is accounted for the largest market share during the forecast period in terms of value.
Based on end-use industry, The stationary segment is projected to hold the largest market share in terms of value during the forecast period due to its critical role in providing reliable power solutions across various industries. This includes applications such as backup power for data centers, telecommunications, and uninterruptible power supplies (UPS) for essential infrastructure. The growing emphasis on maintaining continuous power availability in an increasingly digital and connected world drives demand for industrial batteries. Additionally, the rising adoption of renewable energy sources requires efficient energy storage solutions, further boosting the industrial batteries market. The proven reliability, long service life, and advanced energy management capabilities of these batteries make them indispensable for ensuring operational continuity and grid stability.
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North America is projected to register the largest market share during the forecast period.
North America is accounted for the largest market share in the industrial batteries market during the forecast period, driven by several key factors. The region's robust industrial base significantly boosts demand for reliable and efficient energy storage solutions, and other factors. The strong presence of data centers and telecommunications infrastructure, requiring continuous power backup, also contributes to North America's dominant market position in the industrial batteries sector. The manufacture of industrial batteries in North America are EnerSys Inc. (US), East Penn Manufacturing Company (US), and others.
Industrial Batteries Companies
Some of the leading players in this market include C&D Technologies, Inc. (US), EnerSys, Inc. (US), Exide Industries Ltd. (India), Crown Batteries (US), GS Yuasa Corporation (Japan), among others.
Enersys
Enersys is a manufacturer of industrial batteries. The company offers its products through various segments including motive power batteries (for forklifts, material handling equipment etc.), energy system batteries (for data centers, telecom etc.), and specialty batteries for various niche applications. It offers services that include designing, building, installing, and maintaining battery systems. It offers its products in different industrial uses including communications networks, the power of 5G, logistics & warehousing, transportation, cable broadband, data centers, industrial power & utilities, aerospace & defense, safety & security, and medical.
It has a global presence with manufacturing facilities in China, Europe, US, & Oceania and serves customers in over 100 countries. It also has regional headquarters in Europe and Asia. Alpha Technologies Services, Inc., NorthStar Battery, Odyssey Battery, ICS Industries, and Purcell Systems are the subsidiaries of Enersys.
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C&D Technologies, Inc.
C&D Technologies, Inc. is a manufacturer of energy storage solutions and services for various applications, including uninterruptible power supply (UPS), telecommunications, utility, cable, broadband, renewable energy markets. The company provides solutions to different sectors including data centers/UPS, energy and power infrastructure, renewable energy, telecommunications, government and electric vehicles.
The company manufactures two types of batteries including Flooded (VLA) and VRLA. The company has manufacturing facilities located in China, Mexico, and US. The company also has distributors in US, Canada, Europe, Latin America, Africa, Middle East, Asia. It acquired Trojan Battery Company in 2018 which is a manufacturer of deep-cycle batteries for motive and solar applications. Motive products are manufactured under the Trojan brand including, power golf cars, PTVs, EVs, RVs, boats, aerial lifts, and floorcare machines. The company also has two advanced research and development facilities located in the US and offices in Europe and Asia.
Exide Industries Ltd.
Exide Industries Ltd. is an Indian Multinational storage battery manufacturing company. It provides lead-acid storage batteries and power storage solutions in India. It manufactures batteries ranging from 2.5Ah to 20,600Ah capacity, catering to various applications. Its products are applicable in diverse sectors, including automotive, power, telecom, infrastructure, computer, railways, mining and defense sector. The company has nine factories located all over India, out of which 7 factories are dedicated to Battery manufacturing and other 2 are manufacturing Home UPS Systems. It has manufacturing facilities 2 in West Bengal, 1 in Haryana, 3 in Maharashtra, 1 in Tamil Nadu, and 2 in Uttarakhand.
The company sells its products under various brands namely EXIDE, CHLORIDE, CEIL, INDEX, SF SONIC, and DYNEX. The company has a global presence in more than 50 countries. It also offers solutions in areas of equipment selection, battery sizing, optimum room layout, installation, operation and maintenance. The company has in house R&D Centre located in West Bengal, India.
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GS Yuasa International Ltd.
GS Yuasa International Ltd. manufactures and sells automotive batteries, industrial batteries, power supply systems, switch gear, and other electrical equipment. The company also has subsidiaries including GS Yuasa Battery Ltd., GS Yuasa Energy Co., Ltd, GS Yuasa Technology Ltd., and Blue Energy Co., Ltd. GS Yuasa Corporation is the holding company for GS Yuasa International Ltd. The company has manufacturing facilities in Gunma, Kyoto, Shiga, & Saitama and has offices in city of Tokyo, Hokkaido, Miyagi, Aichi, Osaka, Hiroshima, and Fukuoka.
The company operates under business segments including Automotive Batteries (Overseas), Industrial Batteries & Power Supply Systems, Automotive batteries (Japan), Automotive Lithium-ion Batteries, specialized batteries and others. It marks its global presence in the US, Europe, East Asia, Asia & Oceania.
Leoch International Technology Limited Inc
Leoch International Technology Limited Inc is a Chinese Battery Manufacturing company. The company provides lead-acid and lithium batteries. The company operates through two business segments that are power solutions business and recycled lead business. The company has four product categories including Lithium Solutions, Network Power, Transportation, and Motive Power. The company serves its products and services to various industries such as Energy Storage Systems, Telecommunication & Data Center Power Solutions, Starting Power Solutions, Motive Power Solutions, Medical, Renewable energy and Battery Recycling. It has more than 10 manufacturing facilities and serves clients in more than 130 countries and regions worldwide.
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