Industrial Battery Market is expected to generate a revenue of USD 17.12 Billion by 2028, Globally, at 6.41% CAGR: Verified Market Research®

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Industrial Battery Market.

JERSEY CITY, N.J., Jan. 19, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Industrial Battery Market" By Technology (Lithium-Ion Battery, Lead-Acid Battery), By Application (Forklift, Telecom, UPS), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Industrial Battery Market size was valued at USD 10.38 Billion in 2020 and is projected to reach USD 17.12 Billion by 2028, growing at a CAGR of 6.41% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=30572

Browse in-depth TOC on "Industrial Battery Market"

202 - Pages
126 – Tables
37 – Figures

Global Industrial Battery Market Overview

Any battery that is exclusively intended for industrial uses is considered an industrial battery. To transport, lift, or move materials to warehouses, electric vehicles use these batteries. Industrial batteries' primary purpose is to provide energy to end users. These batteries are used in various industries to lift heavy machinery like trucks and forklifts. Large data centers use industrial batteries as an energy source to keep the internet running continuously.

The market is being driven by rising demand for backup power in the industrial sector, as well as demand for batteries in grid-level energy storage applications. Furthermore, widespread use of these batteries in various applications such as UPS and motive power is expected to drive market growth.

Moreover, the strong presence of major manufacturers, such as Exide, Johnson Controls, and Odyssey, in the U.S. is expected to promote market growth in the region over the forecast period. Rising demand for forklifts in the U.S. and Canada on account of the growing manufacturing industry coupled with an increasing number of warehouses will also augment the market growth as lead-acid batteries are used on a large scale for motive power applications, such as forklift in the manufacturing industry.

Favorable government policies for domestic infrastructure development, such as the National Infrastructure Plan (NIP), are expected to drive UPS market growth over the forecast period, increasing demand for industrial batteries.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Industrial Battery Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Industrial Battery Market" study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Johnson Controls, Exide Technologies Inc., EnerSys Inc., GS Yuasa Corporation, SAFT Groupe S.A., Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, and Panasonic Corporation.

Based on the research, Verified Market Research® has segmented the global Industrial Battery Market into Technology, Application, and Geography.

• Industrial Battery Market, by Technology
• Lithium-ion Battery
• Lead-acid Battery
• Others
• Industrial Battery Market, by Application
• Forklift
• Telecom
• UPS
• Others
• Industrial Battery Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Silicon Anode Battery Market By Capacity (3000 mAh, 3,000–10,000 mAh, 10,000-60,000 mAh), By Application (Automotive, Consumer Electronics, Aviation), By Geography, And Forecast

Battery Separator Market By Thickness (5µm – 10 µm, 10µm – 20 µm), By Type (Coated Separators, Non-Coated Separators), By Material (Polyethylene, Polypropylene), By End User (Automotive, Consumer Electronics), By Geography, And Forecast

Battery Thermal Management System Market By Battery Type (Solid-State Batteries, Conventional Batteries), By Propulsion (PHEV, HEV), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Geography, And Forecast

Structural Battery Technology Market By Product (Nickle-based Technology, Lithium-based Technology), By Application (Industrial, Residential, Commercial, Military, Medical, Others), By Geography, And Forecast

Top 7 Sodium-Ion Battery Manufacturers that enhances thermal stability and safety

Visualize Industrial Battery Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg