HOME Top Market Reports Industrial Batteries Market by type (Lead-Acid, Nickel-Based, Lithium-Based), end-user industry (Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Industrial Equipment, Grid-Level Energy Storage), and region - Global Forecast to 2021

Industrial Batteries Market by type (Lead-Acid, Nickel-Based, Lithium-Based), end-user industry (Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Industrial Equipment, Grid-Level Energy Storage), and region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: September 2016
Report Code: CH 4577

 

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The industrial batteries market is projected to grow from USD 7.45 Billion in 2015 to USD 10.84 Billion by 2021, at a CAGR of 6.5% between 2016 and 2021. The years considered for the study are:

  • Historical Year – 2014
  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2021
  • Forecast Period – 2016 to 2021

For company profiles in the report, 2015 has been considered as the base year. In certain cases, wherein information was not available for the base year, the years prior to that have been considered.

The objectives of this study are: 

  • To define, describe, and forecast the industrial batteries market on the basis of type, end-user industry, and region
  • To provide market share analysis of the industrial batteries market
  • To provide detailed information regarding the key market dynamics, such as drivers, restraints, opportunities, and industry-specific challenges that may affect growth of the industrial batteries market
  • To provide detailed analyses of the value chain of the industrial batteries market
  • To forecast size of the industrial batteries market, in terms of value with respect to the five main regions (along with their respective countries), namely, the Middle East & Africa, Asia-Pacific, North America, Europe, and South & Central America
  • To forecast the size of the industrial batteries market, in terms of value, on the basis of different end-user industries, such as telecom & data communications, uninterruptible power supply (UPS)/backup, grid-level energy storage, industrial equipment, and others. The others segment of the industrial batteries market includes transport infrastructure, medical devices, and aerospace & defense
  • To forecast the size of the industrial batteries market, in terms of value, on the basis of type, such as lead-acid batteries, nickel-based batteries, lithium-based batteries, and others. The others segment includes sodium-nickel chloride and sodium-sulfur batteries
  • To analyze opportunities present in the industrial batteries market for stakeholders, along with detailed competitive landscape and SWOT analysis of market leaders
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies in the industrial batteries market
  • To analyze competitive developments, such as acquisitions, investments, expansions, partnerships, agreements, joint ventures, and new product developments in the industrial batteries market

Research Methodology

The research methodology used to estimate and forecast the industrial batteries begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below.

Industrial Batteries Market

To know about the assumptions considered for the study, download the pdf brochure

The industrial batteries market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, end users, and government organizations. Companies operating in the industrial batteries include Johnson Controls (U.S.), Exide Technologies Inc. (U.S.), EnerSys Inc. (U.S.), SAFT Groupe S.A. (France), and GS Yuasa Corporation (Japan), among others.

The report provides detailed qualitative and quantitative analysis of the industrial batteries market, along with market drivers, restraints, opportunities, and challenges. The top players of this market are profiled in detail, along with recent developments and other strategic industry-related activities.

Target Audience

  • Manufacturers of Industrial Batteries
  • Industrial Batteries Traders, Suppliers, and Distributors
  • Government and Research Organizations
  • Association and Industrial Bodies
  • Raw Material Suppliers and Distributors
  • Shipping Companies
  • Industry Associations
  • “This study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments”.

Scope of the Report: This research report categorizes the industrial batteries on the basis of type, end-user industry, and region, forecasting revenues as well as analyzing trends in each of the submarkets.

On the basis of Type:

  • Lead-acid Batteries
  • Lithium-based Batteries
  • Nickel-based Batteries
  • Others

On the basis of End-User industry:

  • Telecom & Data Communication
  • Industrial Equipment
  • Uninterruptible Power Supply (UPS)/Backup
  • Grid-Level Energy Storage
  • Others

On the basis of Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South & Central America

The following customization options are available for the report:

Along the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of rest of APAC and rest of Europe industrial batteries

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5 companies)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Industrial Batteries Market
    4.2 Industrial Batteries Market, By Battery
    4.3 Industrial Batteries Market
    4.4 China to Lead the Industrial Batteries Market By 2021
    4.5 Industrial Batteries Market, By End-User Industry
    4.6 Industrial Batteries Market: Developed & Emerging Nations
    4.7 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Demand for Grid-Connected Solutions for Uninterruptable Power Supply
                    5.3.1.2 High Requirement of Lithium-Ion Batteries in Various Applications
                    5.3.1.3 Government Incentives for Clean Energy Sources and Adoption of Electric Vehicles
           5.3.2 Restraints
                    5.3.2.1 Safety Issues Related to Battery Usage
                    5.3.2.2 High Capital Investment Requirement
           5.3.3 Opportunities
                    5.3.3.1 High Demand From Datacenters and Telecom Companies
           5.3.4 Challenges
                    5.3.4.1 Upcoming Technologies Including Chemical Energy Storage, Compressed Energy Storage, Pumped Hydro Technology
                    5.3.4.2 Batteries Have Low Power Density
    5.4 Revenue Pocket Matrix
           5.4.1 Revenue Pocket Matrix for Industrial Batteries Market, By End-User Industry
           5.4.2 Revenue Pocket Matrix for Industrial Batteries Market, By Type
    5.5 Industry Trends
    5.6 Value Chain Analysis

6 Industrial Batteries Market, By Type (Page No. - 44)
    6.1 Introduction
    6.2 Market Size & Projection
    6.3 Lead-Acid
    6.4 Nickel-Based
    6.5 Lithium-Based
    6.6 Others

7 Industrial Batteries Market, By End-User Industry (Page No. - 52)
    7.1 Introduction
    7.2 Market Size & Projection
    7.3 Telecom & Data Communication
    7.4 Uninterruptible Power Supply (UPS)/Backup
    7.5 Grid-Level Energy Storage
    7.6 Industrial Equipment
    7.7 Others

8 Regional Analysis (Page No. - 62)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 India
           8.2.2 China
           8.2.3 Japan
           8.2.4 Indonesia
           8.2.5 Australia
           8.2.6 Taiwan
           8.2.7 South Korea
           8.2.8 Rest of Asia-Pacific
    8.3 North America
           8.3.1 U.S.
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 U.K.
           8.4.4 Italy
           8.4.5 Spain
           8.4.6 Russia
           8.4.7 The Netherlands
           8.4.8 Rest of Europe
    8.5 Middle East & Africa
           8.5.1 Iran
           8.5.2 Turkey
           8.5.3 Egypt
           8.5.4 South Africa
           8.5.5 Rest of Middle East & Africa
    8.6 South & Central America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Colombia
           8.6.4 Rest of South & Central America

9 Competitive Landscape (Page No. - 109)
    9.1 Overview
    9.2 Competitive Situations and Trends
    9.3 Key Growth Strategies in the Industrial Batteries Market, 2010–2016
    9.4 New Product Developments
    9.5 Expansions
    9.6 Agreements
    9.7 Mergers & Acquisitions and Joint Ventures
    9.8 Partnerships/Contracts

10 Company Profiles (Page No. - 119)
(Overview, Products and Services, Financials, Strategy & Development)*
     10.1 Johnson Controls Inc.
     10.2 Exide Technologies Inc.
     10.3 Enersys Inc.
     10.4 Saft Groupe S.A.
     10.5 GS Yuasa Corporation
     10.6 Northstar Battery Company LLC
     10.7 C&D Technologies, Inc.
     10.8 Robert Bosch GmbH
     10.9 East Penn Manufacturing Company

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 148)
     11.1 Discussion Guide
     11.2 Introducing RT: Real-Time Market Intelligence
     11.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports


List of Tables (90 Tables)

Table 1 Industrial Batteries Market, By Type
Table 2 Industrial Batteries Market, By End-User Industry
Table 3 Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 4 Lead-Acid Industrial Batteries Market Size, By Region, 2014–2021 (USD Million)
Table 5 Nickel-Based Industrial Batteries Market Size, By Region, 2014–2021 (USD Million)
Table 6 Lithium-Based Industrial Batteries Market Size, By Region, 2014–2021 (USD Million)
Table 7 Other Industrial Batteries Market Size, By Region, 2014–2021 (USD Million)
Table 8 Industrial Batteries Market, By End-User Industry, 2014-2021 (USD Million)
Table 9 Industrial Batteries Market in Telecom & Data Communication End-User Industry, By Region, 2014–2021 (USD Million)
Table 10 Industrial Batteries Market in Uninterruptible Power Supply (UPS)/Backup End-User Industry, By Region, 2014–2021 (USD Million)
Table 11 Industrial Batteries Market in Grid-Level Energy Storage Industry, By Region, 2014–2021 (USD Million)
Table 12 Industrial Batteries Market in Industrial Equipment Industry, By Region, 2014–2021 (USD Million)
Table 13 Industrial Batteries Market in Others End-User Industry, By Region, 2014–2021 (USD Million)
Table 14 Industrial Batteries Market, By Region, 2014–2021 (USD Million)
Table 15 Asia-Pacific Industrial Batteries Market, By Country, 2014–2021 (USD Million)
Table 16 Asia-Pacific Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 17 Asia-Pacific Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 18 India Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 19 India Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 20 China Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 21 China Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 22 Japan Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 23 Japan Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 24 Indonesia Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 25 Indonesia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 26 Australia Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 27 Australia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 28 Taiwan Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 29 Taiwan Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 30 South Korea Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 31 South Korea Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 32 Rest of Asia-Pacific Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 33 Rest of Asia-Pacific Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 34 North America Industrial Batteries Market, By Country, 2014–2021 (USD Million)
Table 35 North America Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 36 North America Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 37 U.S. Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 38 U.S. Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 39 Canada Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 40 Canada Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 41 Mexico Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 42 Mexico Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 43 Europe Industrial Batteries Market, By Country, 2014–2021 (USD Million)
Table 44 Europe Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 45 Europe Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 46 Germany Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 47 Germany Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 48 France Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 49 France Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 50 U.K. Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 51 U.K. Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 52 Italy Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 53 Italy Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 54 Spain Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 55 Spain Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 56 Russia Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 57 Russia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 58 Netherlands Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 59 Netherlands Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 60 Rest of Europe Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 61 Rest of Europe Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 62 Middle East & Africa Industrial Batteries Market, By Country, 2014–2021 (USD Million)
Table 63 Middle East & Africa Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 64 Middle East & Africa Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 65 Iran Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 66 Iran Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 67 Turkey Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 68 Turkey Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 69 Egypt Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 70 Egypt Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 71 South Africa Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 72 South Africa Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 73 Rest of Middle East & Africa Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 74 Rest of Middle East & Africa Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 75 South & Central America Industrial Batteries Market, By Country, 2014–2021 (USD Million)
Table 76 South & Central America Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 77 South & Central America Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 78 Brazil Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 79 Brazil Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 80 Argentina Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 81 Argentina Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 82 Colombia Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 83 Colombia Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 84 Rest of South & Central America Industrial Batteries Market, By Type, 2014-2021 (USD Million)
Table 85 Rest of South & Central America Industrial Batteries Market, By End-Use Industry, 2014-2021 (USD Million)
Table 86 New Product Developments, 2010–2016
Table 87 Expansions, 2010–2016
Table 88 Agreements, 2010–2016
Table 89 Mergers & Acquisitions and Joint Ventures, 2010–2016
Table 90 Partnerships/Contracts, 2010–2016


List of Figures (52 Figures)

Figure 1 Industrial Batteries Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation
Figure 6 The Telecom & Data Communications Segment of the Industrial Batteries Market Projected to Grow at the Highest CAGR During the Forecast Period
Figure 7 The Lithium-Based Segment of the Industrial Batteries Market Projected to Grow the Highest CAGR During the Forecast Period
Figure 8 The Asia-Pacific Region Accounted for the Largest Share in the Industrial Batteries Market in 2015
Figure 9 The Industrial Batteries Market Projected to Grow at A High Rate Between 2016 and 2021
Figure 10 The Lithium-Based Batteries Segment of the Industrial Batteries Market Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 11 The Telecom & Data Communications Segment Led the Industrial Batteries Market in 2015
Figure 12 China Projected to Be the Fastest-Growing Market for Industrial Batteries From 2016 to 2021
Figure 13 Asia-Pacific Dominates Across All End-User Industries in 2015
Figure 14 Japan and Germany to Emerge as Lucrative Markets for Industrial Batteries Between 2016 and 2021
Figure 15 The Asia-Pacific Industrial Batteries Market to Witness the Highest Growth in 2016
Figure 16 Drivers, Restraints, Opportunities, and Challenges in the Industrial Batteries Market
Figure 17 Global Photovoltaic (PV) Demand, 2015-2016
Figure 18 Projected Market for Li-Ion Batteries in Electric Vehicles
Figure 19 Revenue Pocket Matrix: End-User Industry
Figure 20 Revenue Pocket Matrix: By Type
Figure 21 Industrial Batteries Market: Value Chain Analysis
Figure 22 Industrial Batteries Market, By Type, 2016 & 2021 (USD Million)
Figure 23 Asia-Pacific Projected to Dominate the Lead-Acid Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 24 APAC Projected to Dominate the Nickel-Based Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 25 Asia-Pacific Projected to Dominate the Lithium-Based Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 26 Asia-Pacific Projected to Dominate the Other Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 27 Industrial Batteries Market, By End-User Industry, 2016 & 2021 (USD Million)
Figure 28 Asia-Pacific Projected to Dominate the Telecom & Data Communication Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 29 North America Projected to Dominate the Uninterruptible Power Supply (UPS)/Backup Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 30 Asia-Pacific Projected to Dominate the Grid-Level Energy Storage Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 31 Asia-Pacific Projected to Dominate the Industrial Equipment Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 32 Asia-Pacific Projected to Dominate the Others Segment of the Industrial Batteries Market Between 2016 and 2021
Figure 33 China, South Korea and Taiwan are Emerging as Strategic Destinations
Figure 34 Asia-Pacific Industrial Batteries Market: Regional Snapshot (2015)
Figure 35 North America Industrial Batteries Market Snapshot
Figure 36 Europe Industrial Batteries Market Snapshot
Figure 37 Middle East & Africa Industrial Batteries Market Snapshot
Figure 38 Brazil is the Largest Consumer of Industrial Batteries in South & Central America
Figure 39 Companies Adopted the Strategy of New Product Developments to Achieve Growth in the Industrial Batteries Market Between 2010 and 2016
Figure 40 New Product Developments and Expansions are the Major Growth Strategies Adopted By Key Players Between 2012 and 2016
Figure 41 New Product Developments and Expansions Accounted for Major Shares in the Growth Strategies Adopted By the Key Players Between 2010 and 2016
Figure 42 Johnson Controls Inc.: Company Snapshot
Figure 43 SWOT Analysis: Johnson Controls Inc.
Figure 44 Exide Technologies Inc. : Company Snapshot
Figure 45 SWOT Analysis: Exide Technologies Inc.
Figure 46 Enersys Inc. : Company Snapshot
Figure 47 SWOT Analysis: Enersys Inc.
Figure 48 Saft Groupe S.A.: Company Snapshot
Figure 49 SWOT Analysis: Saft Groupe S.A.
Figure 50 GS Yuasa Corporation: Company Snapshot
Figure 51 SWOT Analysis: GS Yuasa Corporation
Figure 52 Robert Bosch GmbH. : Company Snapshot

The industrial batteries market is projected to reach USD 10.84 Billion by 2021, at a CAGR of 6.5% between 2016 and 2021. The growth of the market can be mainly attributed to the growing demand from the automotive sector, growth in the renewable energy sector, increased recycling efficiency of lead-acid and lithium-based industrial batteries, and superior performance of industrial batteries in terms of energy density.

Telecom & data communication was the largest segment of the industrial batteries market in 2015, and is projected to be the fastest-growing segment from 2016 to 2021. This growth can be mainly attributed to the growth in the telecom industry and increasing demand for high efficiency power backup.

Based on type, lead-acid batteries was the largest segment of the industrial batteries market in 2015. Lithium-based batteries is expected to be the fastest-growing segment of the market during the forecast period, since these batteries are rapidly being adopted across different applications, owing to their increased life, recyclability, and low emission. These batteries are suitable for use in applications where volume, weight, temperature sensitivity, and low maintenance are crucial than the initial cost of the battery.

The industrial batteries market, based on region, has been segmented into Asia-Pacific, Europe, North America, Middle East & Africa, and Central & South America. Asia-Pacific and North America are estimated to be the key markets for industrial batteries, owing to the increasing industrial activities and demand for high capacity power backup in these regions.

Industrial Batteries Market

Factors that may restrain the growth of the industrial batteries market are safety issues related to battery usage, increasing governmental regulations on emission from recycling of industrial batteries, and high capital investments in the industrial batteries industry. Key market players operating in the industrial batteries market, such as Johnson Controls (U.S.), Exide Technologies Inc. (U.S.), EnerSys Inc. (U.S.), EnerSys Inc. (U.S.), and GS Yuasa Corporation (Japan) among others, have adopted various strategies to increase their market shares. New product development, expansion, agreements, mergers & acquisitions, and partnership & contracts are some of the key strategies adopted by market players to achieve growth in the industrial batteries market.

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