Market Overview

The Global Industrial Battery Market was valued at USD 19,998.6 million in 2023 and is expected to reach USD 40,437.1 million by 2031 while growing at a CAGR of 9.2% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global industrial battery market growth. An industrial battery, designed for diverse applications, serves as a rechargeable energy storage device in manufacturing, utilities, telecommunications, data centers, and more. It plays a vital role in maintaining uninterrupted power supply, supporting critical operations, and serving as backup power during outages.

Increasing demand for uninterrupted power supply (UPS) and the growth of industrial battery market are driven by the expansion of electric vehicles (EVs) and forklifts. However, challenges like high initial costs and limited energy density in traditional batteries may impede market expansion.

Furthermore, the global industrial battery industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Technology Analysis

The Global Industrial Battery Market is segmented among Lithium-ion Battery, Lead-acid Battery, and Other Technologies, based on Technology. In 2023, Lead-acid Battery accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Industrial Battery Market is segmented among Forklift, Telecom, UPS, and Other Applications, based on Application. In 2023, UPS accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Industrial Battery Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are C&D Technologies Pvt. Ltd, East Penn Manufacturing Company Inc., EnerSys, Exide Industries Ltd, GS Yuasa Corporation, Amara Raja Batteries Ltd, Panasonic Corporation, and Saft Groupe SA.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Industrial Battery Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Industrial Battery Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Industrial Battery Market Segmentation, By Technology  

• Global Industrial Battery Market Share Analysis, By Technology  

• Global Industrial Battery Market Growth Analysis, By Technology  

• Global Industrial Battery Market Trends, By Technology  

o Lithium-ion Battery

o Lead-acid Battery

o Other Technologies

6. Global Industrial Battery Market Segmentation, By Application

• Global Industrial Battery Market Share Analysis, By Application 

• Global Industrial Battery Market Growth Analysis, By Application

• Global Industrial Battery Market Trends, By Application

o Forklift

o Telecom

o UPS

o Other Applications

7. Global Industrial Battery Market Segmentation, By Region

• Global Industrial Battery Market Share Analysis, By Region

• Global Industrial Battery Market Growth Analysis, By Region

• Global Industrial Battery Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• C&D Technologies Pvt. Ltd.*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• East Penn Manufacturing Company Inc.

• EnerSys

• Exide Industries Ltd

• GS Yuasa Corporation

• Amara Raja Batteries Ltd

• Panasonic Corporation

• Saft Groupe SA

 *Similar analysis will be provided for each company listed above.