Product Code: GVR-4-68038-657-8
Industrial Batteries Market Growth & Trends:
The global industrial batteries market size is estimated to reach USD 34.57 billion by 2030, registering a CAGR of 7.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. High demand for back-up power batteries in grid-level energy storage application for solar and wind power projects will boost the market growth during the forecast period. Moreover, increasing usage of these batteries in various applications, such as UPS and motive power, is anticipated to drive the market. Industrial batteries offer benefits, such as reduction in manufacturing cost, high durability, lower maintenance costs, and low discharge rate capability, which is expected to increase their demand further.
Easy availability of batteries of different specifications and sizes will also augment the market growth. Lead acid batteries are relatively cheaper than other batteries and are can be manufactured using lesser technology equipment, which in turn will drive market their demand in the near future. Increasing investments by major manufacturers coupled with the growing number of renewable energy projects with battery storage capability are likely to drive the market. However, volatility in raw material prices will pose a restraint for the market growth.
Industrial Batteries Market Report Highlights:
- Lead acid battery segment accounted for the largest market share in 2024. Due to growing power demand, national grids are getting pressurized resulting in the increased demand-supply gap for power, which is eventually driving the demand for battery for back-up systems in industrial applications
- Lithium-based batteries segment is projected to register the highest CAGR during the forecast period, due to their superior energy density, longer lifecycle, and increasing adoption in electric vehicles and renewable energy storage.
- By application, the motive power segment accounted for the largest market share in 2024, whereas grid-level energy storage application is projected to expand at the fastest CAGR during the forecast period
- Asia Pacific dominated the global market and accounted for the largest revenue share of 35.7% in 2024. Rapid expansion of industrial sector in China, India, Japan, and South Korea has triggered the demand for industrial batteries in the region
- Major companies in the market have adopted various organic and inorganic growth strategies to expand their product portfolio and geographical footprint.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Industrial Batteries Market Variables, Trends & Scope
- 3.1. Global Industrial Batteries Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Average Price Trend Analysis
- 3.4. Supply-Demand Gap Analysis, 2024
- 3.5. Regulatory Framework
- 3.5.1. Policies and Incentive Plans
- 3.5.2. Standards and Compliances
- 3.5.3. Regulatory Impact Analysis
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Supplier Power
- 3.7.2. Buyer Power
- 3.7.3. Substitution Threat
- 3.7.4. Threat from New Entrant
- 3.7.5. Competitive Rivalry
- 3.8. PESTEL Analysis
- 3.8.1. Political Landscape
- 3.8.2. Economic Landscape
- 3.8.3. Social Landscape
- 3.8.4. Technological Landscape
- 3.8.5. Environmental Landscape
- 3.8.6. Legal Landscape
Chapter 4. Industrial Batteries Market: Type Outlook Estimates & Forecasts
- 4.1. Industrial Batteries Market: Type Movement Analysis, 2024 & 2030
- 4.1.1. Lead-Acid
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.1.2. Lithium-Based
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 4.1.3. Others
- 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 5. Industrial Batteries Market: Application Outlook Estimates & Forecasts
- 5.1. Industrial Batteries Market: Application Movement Analysis, 2024 & 2030
- 5.1.1. Motive Power
- 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.1.2. Telecom & Data Communication
- 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.1.3. Uninterruptible Power Supply (UPS)/Backup
- 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 5.1.4. Grid-Level Energy Storage
- 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 6. Industrial Batteries Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Snapshot
- 6.2. Industrial Batteries Market: Regional Movement Analysis, 2024 & 2030
- 6.3. North America
- 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.3.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.3.4. U.S.
- 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.3.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.3.5. Canada
- 6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.3.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.3.6. Mexico
- 6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.3.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.3.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.4. Europe
- 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.4.4. Germany
- 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.4.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.4.5. Russia
- 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.4.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.4.6. UK
- 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.4.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.4.7. France
- 6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.4.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.4.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.5. Asia Pacific
- 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.5.4. China
- 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.5.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.5.5. India
- 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.5.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.5.6. Japan
- 6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.5.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.5.7. South Korea
- 6.5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.5.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.5.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.6. Latin America
- 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.6.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.6.4. Brazil
- 6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.6.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.6.5. Argentina
- 6.6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.6.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.6.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.7. Middle East & Africa
- 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.7.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.7.4. UAE
- 6.7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.7.4.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
- 6.7.5. Saudi Arabia
- 6.7.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 6.7.5.2. Market Estimates and Forecast, By Type, 2018 - 2030 (USD Million)
- 6.7.5.3. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Vendor Landscape
- 7.2.1. Company Categorization
- 7.2.2. List of Key Distributors and Channel Partners
- 7.2.3. List of Potential Customers/End Users
- 7.3. Competitive Dynamics
- 7.3.1. Competitive Benchmarking
- 7.3.2. Strategy Mapping
- 7.3.3. Heat Map Analysis
- 7.4. Company Profiles/Listing
- 7.4.1. DuPont de Nemours, Inc.
- 7.4.1.1. Participant's Overview
- 7.4.1.2. Financial Performance
- 7.4.1.3. Product Benchmarking
- 7.4.1.4. Strategic Initiatives
- 7.4.2. Johnson Controls, Inc.
- 7.4.2.1. Participant's Overview
- 7.4.2.2. Financial Performance
- 7.4.2.3. Product Benchmarking
- 7.4.2.4. Strategic Initiatives
- 7.4.3. Exide Technologies, Inc.
- 7.4.3.1. Participant's Overview
- 7.4.3.2. Financial Performance
- 7.4.3.3. Product Benchmarking
- 7.4.3.4. Strategic Initiatives
- 7.4.4. Enersys, Inc.
- 7.4.4.1. Participant's Overview
- 7.4.4.2. Financial Performance
- 7.4.4.3. Product Benchmarking
- 7.4.4.4. Strategic Initiatives
- 7.4.5. Saft Groupe S.A.
- 7.4.5.1. Participant's Overview
- 7.4.5.2. Financial Performance
- 7.4.5.3. Product Benchmarking
- 7.4.5.4. Strategic Initiatives
- 7.4.6. GS Yuasa Corp.
- 7.4.6.1. Participant's Overview
- 7.4.6.2. Financial Performance
- 7.4.6.3. Product Benchmarking
- 7.4.6.4. Strategic Initiatives
- 7.4.7. Northstar Battery Company LLC
- 7.4.7.1. Participant's Overview
- 7.4.7.2. Financial Performance
- 7.4.7.3. Product Benchmarking
- 7.4.7.4. Strategic Initiatives
- 7.4.8. C&D Technologies, Inc.
- 7.4.8.1. Participant's Overview
- 7.4.8.2. Financial Performance
- 7.4.8.3. Product Benchmarking
- 7.4.8.4. Strategic Initiatives
- 7.4.9. Robert Bosch GmbH
- 7.4.9.1. Participant's Overview
- 7.4.9.2. Financial Performance
- 7.4.9.3. Product Benchmarking
- 7.4.9.4. Strategic Initiatives
- 7.4.10. East Penn Manufacturing Co.
- 7.4.10.1. Participant's Overview
- 7.4.10.2. Financial Performance
- 7.4.10.3. Product Benchmarking
- 7.4.10.4. Strategic Initiatives
- 7.4.11. Smiths Interconnect
- 7.4.11.1. Participant's Overview
- 7.4.11.2. Financial Performance
- 7.4.11.3. Product Benchmarking
- 7.4.11.4. Strategic Initiatives
- 7.4.12. Schneider Electric
- 7.4.12.1. Participant's Overview
- 7.4.12.2. Financial Performance
- 7.4.12.3. Product Benchmarking
- 7.4.12.4. Strategic Initiatives