Industrial Batteries Market With Covid-19 Impact Analysis, By Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2027
Industrial Batteries Market With Covid-19 Impact Analysis, By Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2027
Abstract
The global Industrial batteries market size is projected to grow from USD 18.1 billion in 2022 to USD 28.1 billion by 2027, at a CAGR of 9.2% between 2022 and 2027. The Industrial batteries market is expected to grow at a moderate growth rate owing to factors such as increasing demand in plug-in vehicles, rising adoption of lithium-ion batteries in renewable energy sector, and increasing demand for grid energy storage systems owing to ongoing grid modernization. Availability of low-cost substitutes and issues related to transportation and storage of used or spent batteries are hindering the growth of Industrial batteries market.
“Lithium-ion industrial batteries is projected to witness considerable CAGR during the forecast period.”
Lithium-ion industrial batteries market is projected to witness a considerable growth during the forecast period. The growth in this segment is attributed to its properties such as lightweight, portable, and smaller in size as compared to other types of batteries, which has increased their adoption in various applications.
“The Stationary segment projected to lead the Industrial batteries market from 2022 to 2027.”
The stationary segment is the fastest-growing Industrial batteries market by end use. Stationary end-use industry comprises of Telecommunication, UPS and Grid level applications . Grid level has the highest CAGR among all the other applications due to the in-grid and off-grid renewable energy deployments which are witnessing steady growth in developed as well as emerging countries. Batteries have been utilized for energy storage applications over many years. However, recently, the battery storage technology has gained higher traction as a resource to support higher levels of electricity generation from renewable energy.
“North America projected to account for the maximum share of the global Industrial batteries market during the forecast period.”
North America is projected to lead the global Industrial batteries market from 2022 to 2027. North America is the world's leading consumer as well as producer of Industrial batteries. The market in the region is driven because of the developed economies such as US and Canada which have large number of industrial batteries manufacturers as well as consumers. This growth and development are mainly attributed to the high economic growth rate in the region, followed by heavy investments across industries, such as electric vehicle and recreational vehicles.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations operating in the Industrial batteries market.
By Company Type: Tier 1: 52%, Tier 2: 31%, and Tier 3: 17%
By Designation: C-level Executives: 47%, Directors: 31%, and Others: 22%
By Region: North America: 41%, Europe: 30%, Asia Pacific: 19%, and Rest of World: 10%
The global Industrial batteries market comprises major manufacturers such as report EnerSys, Inc. (US), C&D Technologies, Inc. (US), Exide Industries Ltd. (India), GS Yuasa Corporation (Japan), Crown Batteries (US), East Penn Manufacturing Company (US), Leoch International Technology Limited Inc. (China), Samsung SDI Co., Ltd. (South Korea), LG Chem (South Korea), Narada Power (China), Vision Group (China), Saft Groupe (France), Hoppecke (Germany), Tab (Slovenia), Sunlight (Greece), Yuasa (Thailand), Rolls Battery(Canada), U.S. Battery Manufacturing (US), Victron Energy (Netherlands) and SK Innovation (South Korea).
Research Coverage
The market study covers the Industrial batteries market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on battery type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the Industrial batteries market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall Industrial batteries market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
Content
Table of Contents
1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.2.1INCLUSIONS AND EXCLUSIONS40
1.3STUDY SCOPE40
1.3.1MARKETS COVERED40
FIGURE 1INDUSTRIAL BATTERIES MARKET: SEGMENTATION40
1.3.2REGIONS COVERED41
1.3.3YEARS CONSIDERED41
1.4CURRENCY42
1.5UNIT CONSIDERED42
1.6STAKEHOLDERS42
1.7SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 2INDUSTRIAL BATTERIES MARKET: RESEARCH DESIGN44
2.1.1SECONDARY AND PRIMARY RESEARCH45
2.1.2SECONDARY DATA45
2.1.2.1List of major secondary sources45
2.1.2.2Key data from secondary sources46
2.1.3PRIMARY DATA46
2.1.3.1Primary interviews with experts47
2.1.3.2Key data from primary sources47
2.1.3.3Key industry insights47
2.1.3.4Breakdown of primary interviews48
2.2MARKET SIZE ESTIMATION48
2.2.1BOTTOM-UP APPROACH49
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH49
2.2.2TOP-DOWN APPROACH49
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH49
FIGURE 5METHODOLOGY FOR DEMAND-SIDE SIZING OF
INDUSTRIAL BATTERIES MARKET (1/2)50
FIGURE 6METHODOLOGY FOR SUPPLY-SIDE SIZING OF
INDUSTRIAL BATTERIES MARKET (2/2)50
2.3DATA TRIANGULATION51
FIGURE 7INDUSTRIAL BATTERIES MARKET: DATA TRIANGULATION51
2.4RESEARCH ASSUMPTIONS52
2.5RISK ASSESSMENT52
2.5.1LIMITATIONS AND ASSOCIATED RISKS52
3EXECUTIVE SUMMARY53
FIGURE 8INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE54
FIGURE 9STATIONARY END-USE INDUSTRY ESTIMATED TO ACCOUNT
FOR LARGER SHARE OF INDUSTRIAL BATTERIES MARKET IN 202254
FIGURE 10NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL BATTERIES MARKET IN 202255
4PREMIUM INSIGHTS57
4.1ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL BATTERIES MARKET57
FIGURE 11DEMAND FOR INDUSTRIAL BATTERIES TO INCREASE IN ASIA PACIFIC DURING FORECAST PERIOD57
4.2INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE58
FIGURE 12OTHER BATTERY TYPES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD58
4.3INDUSTRIAL BATTERIES MARKET SIZE, BY STATIONARY END-USE INDUSTRY58
FIGURE 13TELECOMMUNICATION SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 202258
4.4INDUSTRIAL BATTERIES MARKET IN EUROPE, BY BATTERY TYPE AND COUNTRY59
FIGURE 14LEAD-ACID SEGMENT AND GERMANY ESTIMATED TO ACCOUNT FOR LARGEST SHARES IN EUROPE INDUSTRIAL BATTERIES MARKET IN 202259
4.5INDUSTRIAL BATTERIES MARKET, BY REGION & BATTERY TYPE, IN 202260
FIGURE 15LITHIUM-ION BATTERY TYPE ESTIMATED TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC IN 202260
4.6INDUSTRIAL BATTERIES MARKET: MAJOR COUNTRIES60
FIGURE 16INDIA TO BE FASTEST-GROWING COUNTRY IN INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD60
5MARKET OVERVIEW61
5.1INTRODUCTION61
5.2MARKET DYNAMICS61
FIGURE 17DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BATTERIES MARKET61
5.2.1DRIVERS62
5.2.1.1Rising adoption of lithium-ion batteries in renewable energy sector62
5.2.1.2Increasing demand for grid energy storage systems owing to ongoing grid modernization63
5.2.2RESTRAINTS63
5.2.2.1Availability of low-cost substitutes63
5.2.2.2Issues related to transportation and storage of used or spent batteries63
5.2.3OPPORTUNITIES64
5.2.3.1Advancements in telecommunication sector64
5.2.3.2Increasing battery innovation initiatives by established players64
5.2.4CHALLENGES65
5.2.4.1Limited usage and overheating issues of industrial batteries65
5.2.4.2Disruptions in supply chain due to COVID-19 pandemic65
5.3PORTER’S FIVE FORCES ANALYSIS66
FIGURE 18INDUSTRIAL BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS66
5.3.1BARGAINING POWER OF SUPPLIERS66
5.3.2BARGAINING POWER OF BUYERS67
5.3.3THREAT OF NEW ENTRANTS67
5.3.4THREAT OF SUBSTITUTES67
5.3.5INTENSITY OF COMPETITIVE RIVALRY67
TABLE 1PORTER’S FIVE FORCES ANALYSIS68
5.4MACROECONOMIC INDICATORS68
5.4.1GDP TRENDS AND FORECAST OF MAJOR ECONOMIES68
TABLE 2PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES68
5.5IMPACT OF COVID-1969
5.5.1INTRODUCTION69
5.5.2DISRUPTIONS IN INDUSTRY69
5.5.3CHANGES IN STRATEGIES TO OVERCOME SUPPLY CHAIN CONSTRAINTS69
5.5.4NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES69
5.6CASE STUDY ANALYSIS70
5.6.1COLLABORATION BETWEEN NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) LAUNCHED GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM70
5.6.2DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT70
5.6.3SAFT GROUP’S LITHIUM-ION BATTERIES USED IN IOT PLATFORM70
5.7TECHNOLOGY ANALYSIS70
5.7.1LITHIUM METAL BATTERY71
5.7.2LITHIUM-SULFUR BATTERIES71
5.7.3SODIUM-SULFUR BATTERIES71
5.7.4COBALT-FREE BATTERIES71
5.7.5METAL-AIR BATTERIES72
5.7.6LIQUID-METAL BATTERIES72
5.7.7POTASSIUM METAL BATTERIES72
5.7.8ZINC MANGANESE BATTERIES72
5.7.9VANADIUM-FLOW BATTERIES72
5.7.10GOLD NANOWIRE GEL ELECTROLYTE BATTERIES73
5.8VALUE CHAIN ANALYSIS73
FIGURE 19VALUE CHAIN ANALYSIS: INDUSTRIAL BATTERIES MARKET73
5.9AVERAGE SELLING PRICE ANALYSIS, BY END-USE INDUSTRY75
TABLE 3INDUSTRIAL BATTERIES MARKET: AVERAGE SELLING PRICE ANALYSIS, 2018–2021, (USD/ KWH)75
TABLE 4INDUSTRIAL BATTERIES MARKET: AVERAGE SELLING
PRICE ANALYSIS, 2022–2027, (USD/KWH)75
5.10TARIFF AND REGULATORY LANDSCAPE75
5.10.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
TABLE 5NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
TABLE 6EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS76
TABLE 7ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 8REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
5.11ECOSYSTEM78
FIGURE 20INDUSTRIAL BATTERIES MARKET: ECOSYSTEM78
5.12KEY CONFERENCES & EVENTS IN 2022–202379
TABLE 9BATTERY ENERGY STORAGE SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS79
5.13TRADE ANALYSIS82
TABLE 10LITHIUM-ION BATTERY IMPORT DATA FOR TOP COUNTRIES,
2017–2021 (USD)82
TABLE 11LITHIUM-ION BATTERY EXPORT DATA FOR TOP COUNTRIES,
2017–2021 (USD)82
5.14KEY STAKEHOLDERS & BUYING CRITERIA83
5.14.1INTRODUCTION83
5.14.2KEY STAKEHOLDERS IN BUYING PROCESS83
TABLE 12INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP THREE END USES (%)83
FIGURE 21KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS83
5.14.3BUYING CRITERIA84
FIGURE 22KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS84
TABLE 13KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS84
5.15PATENT ANALYSIS85
5.15.1INTRODUCTION85
5.15.2METHODOLOGY85
5.15.3DOCUMENT TYPE85
FIGURE 23PATENT APPLICATIONS ACCOUNTED FOR 51.5% SHARE DURING LAST TEN YEARS85
TABLE 14PATENT ANALYSIS DURING LAST TEN YEARS86
FIGURE 24PUBLICATION TRENDS FOR LAST TEN YEARS86
5.15.4INSIGHTS86
5.15.5LEGAL STATUS OF PATENTS86
FIGURE 25PATENT LEGAL STATUS87
FIGURE 26JURISDICTION ANALYSIS87
5.15.6TOP COMPANIES/ APPLICANTS87
FIGURE 27TOP COMPANY APPLICANTS WITH HIGHEST NUMBER OF PATENTS88
TABLE 15LIST OF PATENTS BY GS YUASA INTERNATIONAL LIMITED88
TABLE 16LIST OF PATENTS BY CHAOWEI POWER CO.LTD.89
TABLE 17LIST OF PATENTS BY LEOCH BATTERY CO. LTD.90
TABLE 18TOP TEN PATENT OWNERS (US) DURING LAST TEN Y EARS91
5.16TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES91
6INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE93
6.1INTRODUCTION94
FIGURE 28LEAD-ACID BATTERY SEGMENT PROJECTED TO LEAD INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD94
TABLE 19INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)94
TABLE 20INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)95
6.2LEAD-ACID95
6.2.1INCREASING ADOPTION OF LEAD-ACID BATTERIES IN GRID ENERGY STORAGE95
TABLE 21LEAD-ACID BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)96
TABLE 22LEAD-ACID BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)96
TABLE 23LEAD-ACID BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)96
TABLE 24LEAD-ACID BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)96
TABLE 25LEAD-ACID BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)97
TABLE 26LEAD-ACID BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)97
TABLE 27STATIONARY LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)97
TABLE 28STATIONARY LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)97
TABLE 29LEAD-ACID BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)98
TABLE 30LEAD-ACID BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)98
TABLE 31MOTIVE LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)98
TABLE 32MOTIVE LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)99
6.3LITHIUM-ION99
6.3.1DECREASE IN PRICES TO INCREASE DEMAND FOR LITHIUM-ION BATTERIES99
TABLE 33LITHIUM-ION BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)100
TABLE 34LITHIUM-ION BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)100
TABLE 35LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)100
TABLE 36LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)100
TABLE 37LITHIUM-ION BATTERY MARKET SIZE, BY STATIONARY
END-USE INDUSTRY, 2018–2021 (USD MILLION)101
TABLE 38LITHIUM-ION BATTERY MARKET SIZE, BY STATIONARY
END-USE INDUSTRY, 2022–2027 (USD MILLION)101
TABLE 39STATIONARY LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)101
TABLE 40STATIONARY LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)102
TABLE 41LITHIUM-ION BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)102
TABLE 42LITHIUM-ION BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)102
TABLE 43MOTIVE LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)103
TABLE 44MOTIVE LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)103
6.4OTHERS103
6.4.1LESS EXPENSIVE BATTERIES TO DRIVE DEMAND103
TABLE 45OTHERS BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)104
TABLE 46OTHERS BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)104
TABLE 47OTHERS BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)104
TABLE 48OTHERS BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)104
TABLE 49OTHERS BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY,
2018–2021 (USD MILLION)105
TABLE 50OTHERS BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY,
2022–2027 (USD MILLION)105
TABLE 51STATIONARY OTHERS BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)105
TABLE 52STATIONARY OTHERS BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)105
TABLE 53OTHERS BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)106
TABLE 54OTHERS BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)106
TABLE 55MOTIVE OTHERS BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)106
TABLE 56MOTIVE OTHERS BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)107
7INDUSTRIAL BATTERIES MARKET, MARKET BY END-USE INDUSTRY108
7.1INTRODUCTION109
FIGURE 29STATIONARY END-USE INDUSTRY PROJECTED TO LEAD INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027109
TABLE 57INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)109
TABLE 58INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)110
TABLE 59INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (GWH)110
TABLE 60INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (GWH)110
7.2STATIONARY INDUSTRIAL BATTERIES110
FIGURE 30ASIA PACIFIC PROJECTED TO LEAD STATIONARY END-USE INDUSTRY SEGMENT OF INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027111
TABLE 61STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 62STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)111
TABLE 63STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)112
TABLE 64STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)112
TABLE 65STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)112
TABLE 66STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)113
7.2.1TELECOMMUNICATION113
TABLE 67TELECOMMUNICATION BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)113
TABLE 68TELECOMMUNICATION BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)113
TABLE 69TELECOMMUNICATION BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)114
TABLE 70TELECOMMUNICATION BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)114
7.2.2UNINTERRUPTIBLE POWER SUPPLY (UPS)/BACKUP114
TABLE 71UPS BATTERIES MARKET SIZE, BY DATA CENTER TYPE,
2018–2021 (USD MILLION)115
TABLE 72UPS BATTERIES MARKET SIZE, BY DATA CENTER TYPE,
2022–2027 (USD MILLION)115
TABLE 73UPS BATTERIES MARKET SIZE, BY BATTERY TYPE, 2018–2021 (USD MILLION)115
TABLE 74UPS BATTERIES MARKET SIZE, BY BATTERY TYPE, 2022–2027 (USD MILLION)115
TABLE 75UPS BATTERIES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)116
TABLE 76UPS BATTERIES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)116
7.2.3GRID LEVEL116
TABLE 77GRID LEVEL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)117
TABLE 78GRID LEVEL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)117
TABLE 79GRID LEVEL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)117
TABLE 80GRID LEVEL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)117
7.3MOTIVE INDUSTRIAL BATTERY118
FIGURE 31NORTH AMERICA PROJECTED TO LEAD MOTIVE INDUSTRIAL BATTERY SEGMENT OF INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027118
TABLE 81MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION)118
TABLE 82MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION)119
TABLE 83MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)119
TABLE 84MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)119
TABLE 85MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)120
TABLE 86MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)120
7.3.1LOW SPEED ELECTRIC VEHICLES120
TABLE 87LSEV BATTERY MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)120
TABLE 88LSEV BATTERY MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)121
TABLE 89LSEV BATTERY MARKET SIZE, BY BATTERY TYPE, 2018–2021 (USD MILLION)121
TABLE 90LSEV BATTERY MARKET SIZE, BY BATTERY TYPE, 2022–2027 (USD MILLION)121
TABLE 91LSEV BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)121
TABLE 92LSEV BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)122
7.3.2FLOOR SCRUBBERS122
TABLE 93FLOOR SCRUBBER BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)122
TABLE 94FLOOR SCRUBBER BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)122
TABLE 95FLOOR SCRUBBER BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)123
TABLE 96FLOOR SCRUBBER BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)123
7.3.3MATERIAL HANDLING123
TABLE 97MATERIAL HANDLING BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)123
TABLE 98MATERIAL HANDLING BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)124
TABLE 99MATERIAL HANDLING BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)124
TABLE 100MATERIAL HANDLING BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)124
7.3.4MARINE124
TABLE 101MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)125
TABLE 102MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)125
TABLE 103MARINE BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)125
TABLE 104MARINE BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)125
7.3.5RECREATIONAL VEHICLES126
TABLE 105RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)126
TABLE 106RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)126
TABLE 107RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)126
TABLE 108RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)127
8INDUSTRIAL BATTERIES MARKET, BY REGION128
8.1INTRODUCTION129
FIGURE 32NORTH AMERICA IS EXPECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD129
TABLE 109GLOBAL: INDUSTRIAL BATTERIES MARKET, BY REGION,
2018–2021 (USD MILLION)130
TABLE 110GLOBAL: INDUSTRIAL BATTERIES MARKET, BY REGION,
2022–2027 (USD MILLION)130
8.2NORTH AMERICA130
FIGURE 33NORTH AMERICA INDUSTRIAL BATTERIES MARKET SNAPSHOT, 2021131
TABLE 111NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)131
TABLE 112NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)132
TABLE 113NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)132
TABLE 114NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)132
TABLE 115NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)132
TABLE 116NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)133
TABLE 117NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)133
TABLE 118NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)133
TABLE 119NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)134
TABLE 120NORTH AMERICA: INDUTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)134
8.2.1US134
8.2.1.1Demand for batteries in grid level energy storage expected to fuel demand for industrial batteries134
TABLE 121US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)135
TABLE 122US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)135
8.2.2CANADA135
8.2.2.1Industrial batteries market expected to grow due to high demand from telecom industry135
TABLE 123CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)135
TABLE 124CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)136
8.2.3MEXICO136
8.2.3.1Demand for industrial batteries attributed to expanding domestic automotive industry136
TABLE 125MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)136
TABLE 126MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)136
8.3ASIA PACIFIC137
FIGURE 34ASIA PACIFIC MARKET: SNAPSHOT137
TABLE 127ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)138
TABLE 128ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)138
TABLE 129ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)138
TABLE 130ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)138
TABLE 131ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)139
TABLE 132ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)139
TABLE 133ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)139
TABLE 134ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)140
TABLE 135ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)140
TABLE 136ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)140
8.3.1CHINA141
8.3.1.1China accounts for largest share of market in Asia Pacific141
TABLE 137CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)141
TABLE 138CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)141
8.3.2JAPAN142
8.3.2.1Expansion of R&D resources by battery giants supporting market growth142
TABLE 139JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)142
TABLE 140JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)142
8.3.3INDIA143
8.3.3.1Rising adoption of electric transport expected to drive market143
TABLE 141INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)143
TABLE 142INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)144
8.3.4REST OF ASIA PACIFIC144
TABLE 143REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2018–2021 (USD MILLION)144
TABLE 144REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2022–2027 (USD MILLION)145
8.4EUROPE145
FIGURE 35EUROPE MARKET: SNAPSHOT146
TABLE 145EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)146
TABLE 146EUROPE: INDUTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)147
TABLE 147EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)147
TABLE 148EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)147
TABLE 149EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)147
TABLE 150EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)148
TABLE 151EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)148
TABLE 152EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)148
TABLE 153EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)149
TABLE 154EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)149
8.4.1GERMANY149
8.4.1.1Increasing expansion of residential storage sector
to boost market growth149
TABLE 155GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)150
TABLE 156GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)150
8.4.2UK150
8.4.2.1Government initiatives for growth of EV industry to support market growth150
TABLE 157UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)151
TABLE 158UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)151
8.4.3FRANCE151
8.4.3.1Surging penetration of renewable energy boosting market growth in France151
TABLE 159FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)152
TABLE 160FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)152
8.4.4REST OF EUROPE152
TABLE 161REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)153
TABLE 162REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)153
8.5MIDDLE EAST & AFRICA153
TABLE 163MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)153
TABLE 164MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)154
TABLE 165MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)154
TABLE 166MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)154
TABLE 167MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)155
TABLE 168MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)155
TABLE 169MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)155
TABLE 170MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)156
TABLE 171MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)156
TABLE 172MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)156
8.5.1SAUDI ARABIA156
8.5.1.1Growing economy expected to boost demand for industrial batteries156
TABLE 173SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)157
TABLE 174SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)157
8.5.2UAE157
8.5.2.1Growth of telecom & data communication sector to drive market157
TABLE 175UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)157
TABLE 176UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)158
8.5.3SOUTH AFRICA158
8.5.3.1Rising demand for portable devices expected to fuel demand for industrial batteries158
TABLE 177SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)158
TABLE 178SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)158
8.5.4REST OF MIDDLE EAST & AFRICA158
TABLE 179REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2018–2021 (USD MILLION)159
TABLE 180REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2022–2027 (USD MILLION)159
8.6SOUTH AMERICA159
TABLE 181SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)159
TABLE 182SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)160
TABLE 183SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)160
TABLE 184SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)160
TABLE 185SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)160
TABLE 186SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)161
TABLE 187SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)161
TABLE 188SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)161
TABLE 189SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)162
TABLE 190SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)162
8.6.1BRAZIL162
8.6.1.1Rising demand for consumer and automotive batteries expected to increase demand162
TABLE 191BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)162
TABLE 192BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)163
8.6.2REST OF SOUTH AMERICA163
TABLE 193REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,2018–2021 (USD MILLION)163
TABLE 194REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,2022–2027 (USD MILLION)163
9COMPETITIVE LANDSCAPE164
9.1INTRODUCTION164
TABLE 195KEY DEVELOPMENTS IN INDUSTRIAL BATTERIES MARKET (2020–2022)164
9.1.1REVENUE ANALYSIS OF TOP COMPANIES165
FIGURE 36INDUSTRIAL BATTERIES MARKET: REVENUE ANALYSIS (2020)165
9.2MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021166
TABLE 196INDUSTRIAL BATTERIES MARKET: DEGREE OF COMPETITION166
9.3COMPANY EVALUATION QUADRANT, 2021168
9.3.1STAR168
9.3.2EMERGING LEADER168
9.3.3PERVASIVE168
9.3.4PARTICIPANT168
FIGURE 37INDUSTRIAL BATTERIES MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021169
9.4SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021170
9.4.1PROGRESSIVE COMPANY170
9.4.2RESPONSIVE COMPANY170
9.4.3DYNAMIC COMPANY170
9.4.4STARTING BLOCK170
FIGURE 38INDUSTRIAL BATTERIES MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021171
9.5INDUSTRIAL BATTERIES MARKET: STARTUP MATRIX172
TABLE 197INDUSTRIAL BATTERIES MARKET: DETAILED LIST OF KEY STARTUPS/SMES172
TABLE 198INDUSTRIAL BATTERIES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES172
9.6INDUSTRIAL BATTERIES MARKET: COMPANY FOOTPRINT173
TABLE 199COMPANY FOOTPRINT: BY END-USE INDUSTRY173
TABLE 200COMPANY FOOTPRINT: BY REGION174
TABLE 201COMPANY FOOTPRINT175
9.7COMPETITIVE SCENARIO AND TRENDS176
9.7.1PRODUCT LAUNCHES176
TABLE 202INDUSTRIAL BATTERIES MARKET: PRODUCT LAUNCHES,
FEBRUARY 2020–JANUARY 2022176
9.7.2DEALS178
TABLE 203INDUSTRIAL BATTERIES MARKET: DEALS, FEBRUARY 2020–JANUARY 202178
9.7.3OTHERS178
TABLE 204INDUSTRIAL BATTERIES MARKET: OTHERS, FEBRUARY 2020–JANUARY 2022178
10COMPANY PROFILES180
10.1KEY PLAYERS180
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
10.1.1ENERSYS INC.180
TABLE 205ENERSYS, INC.: COMPANY OVERVIEW180
FIGURE 39ENERSYS, INC.: COMPANY SNAPSHOT181
TABLE 206ENERSYS, INC.: PRODUCT OFFERINGS181
TABLE 207ENERSYS, INC.: PRODUCT LAUNCHES184
TABLE 208ENERSYS, INC.: OTHER DEVELOPMENTS184
10.1.2C&D TECHNOLOGIES, INC.186
TABLE 209C&D TECHNOLOGIES, INC.: COMPANY OVERVIEW186
TABLE 210C&D TECHNOLOGIES, INC.: PRODUCT OFFERINGS186
10.1.3GS YUASA CORPORATION190
TABLE 211GS YUASA CORPORATION: COMPANY OVERVIEW190
FIGURE 40GS YUASA CORPORATION: COMPANY SNAPSHOT191
TABLE 212GS YUASA CORPORATION: PRODUCT OFFERINGS192
TABLE 213GS YUASA CORPORATION: PRODUCT LAUNCHES193
TABLE 214GS YUASA CORPORATION: DEALS193
TABLE 215GS YUASA CORPORATION: OTHERS194
10.1.4EXIDE INDUSTRIES196
TABLE 216EXIDE INDUSTRIES: COMPANY OVERVIEW196
FIGURE 41EXIDE INDUSTRIES: COMPANY SNAPSHOT197
TABLE 217EXIDE INDUSTRIES: PRODUCT OFFERINGS197
TABLE 218EXIDE INDUSTRIES: OTHERS200
10.1.5CROWN BATTERY201
TABLE 219CROWN BATTERY: COMPANY OVERVIEW201
TABLE 220CROWN BATTERY: PRODUCT OFFERINGS201
10.1.6EAST PENN MANUFACTURING COMPANY202
TABLE 221EAST PENN MANUFACTURING: COMPANY OVERVIEW202
TABLE 222EAST PENN MANUFACTURING: PRODUCT OFFERINGS202
TABLE 223EAST PENN MANUFACTURING: PRODUCT LAUNCHES203
10.1.7LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.204
TABLE 224LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: COMPANY OVERVIEW204
FIGURE 42LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: COMPANY SNAPSHOT205
TABLE 225LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: PRODUCT OFFERINGS205
10.1.8SAMSUNG SDI CO., LTD.207
TABLE 226SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW207
FIGURE 43SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT208
TABLE 227SAMSUNG SDI CO., LTD.: PRODUCT OFFERINGS209
TABLE 228SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES209
10.1.9SK INNOVATION211
TABLE 229SK INNOVATION: COMPANY OVERVIEW211
FIGURE 44SK INNOVATION: COMPANY SNAPSHOT212
TABLE 230SK INNOVATION: PRODUCT OFFERINGS212
TABLE 231SK INNOVATION: DEALS213
TABLE 232SK INNOVATION: OTHERS213
10.1.10NARADA
“Lithium-ion industrial batteries is projected to witness considerable CAGR during the forecast period.”
Lithium-ion industrial batteries market is projected to witness a considerable growth during the forecast period. The growth in this segment is attributed to its properties such as lightweight, portable, and smaller in size as compared to other types of batteries, which has increased their adoption in various applications.
“The Stationary segment projected to lead the Industrial batteries market from 2022 to 2027.”
The stationary segment is the fastest-growing Industrial batteries market by end use. Stationary end-use industry comprises of Telecommunication, UPS and Grid level applications . Grid level has the highest CAGR among all the other applications due to the in-grid and off-grid renewable energy deployments which are witnessing steady growth in developed as well as emerging countries. Batteries have been utilized for energy storage applications over many years. However, recently, the battery storage technology has gained higher traction as a resource to support higher levels of electricity generation from renewable energy.
“North America projected to account for the maximum share of the global Industrial batteries market during the forecast period.”
North America is projected to lead the global Industrial batteries market from 2022 to 2027. North America is the world's leading consumer as well as producer of Industrial batteries. The market in the region is driven because of the developed economies such as US and Canada which have large number of industrial batteries manufacturers as well as consumers. This growth and development are mainly attributed to the high economic growth rate in the region, followed by heavy investments across industries, such as electric vehicle and recreational vehicles.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and other executives from various key organizations operating in the Industrial batteries market.
By Company Type: Tier 1: 52%, Tier 2: 31%, and Tier 3: 17%
By Designation: C-level Executives: 47%, Directors: 31%, and Others: 22%
By Region: North America: 41%, Europe: 30%, Asia Pacific: 19%, and Rest of World: 10%
The global Industrial batteries market comprises major manufacturers such as report EnerSys, Inc. (US), C&D Technologies, Inc. (US), Exide Industries Ltd. (India), GS Yuasa Corporation (Japan), Crown Batteries (US), East Penn Manufacturing Company (US), Leoch International Technology Limited Inc. (China), Samsung SDI Co., Ltd. (South Korea), LG Chem (South Korea), Narada Power (China), Vision Group (China), Saft Groupe (France), Hoppecke (Germany), Tab (Slovenia), Sunlight (Greece), Yuasa (Thailand), Rolls Battery(Canada), U.S. Battery Manufacturing (US), Victron Energy (Netherlands) and SK Innovation (South Korea).
Research Coverage
The market study covers the Industrial batteries market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on battery type, end-use industry, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the Industrial batteries market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall Industrial batteries market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.2.1INCLUSIONS AND EXCLUSIONS40
1.3STUDY SCOPE40
1.3.1MARKETS COVERED40
FIGURE 1INDUSTRIAL BATTERIES MARKET: SEGMENTATION40
1.3.2REGIONS COVERED41
1.3.3YEARS CONSIDERED41
1.4CURRENCY42
1.5UNIT CONSIDERED42
1.6STAKEHOLDERS42
1.7SUMMARY OF CHANGES42
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 2INDUSTRIAL BATTERIES MARKET: RESEARCH DESIGN44
2.1.1SECONDARY AND PRIMARY RESEARCH45
2.1.2SECONDARY DATA45
2.1.2.1List of major secondary sources45
2.1.2.2Key data from secondary sources46
2.1.3PRIMARY DATA46
2.1.3.1Primary interviews with experts47
2.1.3.2Key data from primary sources47
2.1.3.3Key industry insights47
2.1.3.4Breakdown of primary interviews48
2.2MARKET SIZE ESTIMATION48
2.2.1BOTTOM-UP APPROACH49
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH49
2.2.2TOP-DOWN APPROACH49
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH49
FIGURE 5METHODOLOGY FOR DEMAND-SIDE SIZING OF
INDUSTRIAL BATTERIES MARKET (1/2)50
FIGURE 6METHODOLOGY FOR SUPPLY-SIDE SIZING OF
INDUSTRIAL BATTERIES MARKET (2/2)50
2.3DATA TRIANGULATION51
FIGURE 7INDUSTRIAL BATTERIES MARKET: DATA TRIANGULATION51
2.4RESEARCH ASSUMPTIONS52
2.5RISK ASSESSMENT52
2.5.1LIMITATIONS AND ASSOCIATED RISKS52
3EXECUTIVE SUMMARY53
FIGURE 8INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE54
FIGURE 9STATIONARY END-USE INDUSTRY ESTIMATED TO ACCOUNT
FOR LARGER SHARE OF INDUSTRIAL BATTERIES MARKET IN 202254
FIGURE 10NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL BATTERIES MARKET IN 202255
4PREMIUM INSIGHTS57
4.1ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL BATTERIES MARKET57
FIGURE 11DEMAND FOR INDUSTRIAL BATTERIES TO INCREASE IN ASIA PACIFIC DURING FORECAST PERIOD57
4.2INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE58
FIGURE 12OTHER BATTERY TYPES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD58
4.3INDUSTRIAL BATTERIES MARKET SIZE, BY STATIONARY END-USE INDUSTRY58
FIGURE 13TELECOMMUNICATION SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 202258
4.4INDUSTRIAL BATTERIES MARKET IN EUROPE, BY BATTERY TYPE AND COUNTRY59
FIGURE 14LEAD-ACID SEGMENT AND GERMANY ESTIMATED TO ACCOUNT FOR LARGEST SHARES IN EUROPE INDUSTRIAL BATTERIES MARKET IN 202259
4.5INDUSTRIAL BATTERIES MARKET, BY REGION & BATTERY TYPE, IN 202260
FIGURE 15LITHIUM-ION BATTERY TYPE ESTIMATED TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC IN 202260
4.6INDUSTRIAL BATTERIES MARKET: MAJOR COUNTRIES60
FIGURE 16INDIA TO BE FASTEST-GROWING COUNTRY IN INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD60
5MARKET OVERVIEW61
5.1INTRODUCTION61
5.2MARKET DYNAMICS61
FIGURE 17DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BATTERIES MARKET61
5.2.1DRIVERS62
5.2.1.1Rising adoption of lithium-ion batteries in renewable energy sector62
5.2.1.2Increasing demand for grid energy storage systems owing to ongoing grid modernization63
5.2.2RESTRAINTS63
5.2.2.1Availability of low-cost substitutes63
5.2.2.2Issues related to transportation and storage of used or spent batteries63
5.2.3OPPORTUNITIES64
5.2.3.1Advancements in telecommunication sector64
5.2.3.2Increasing battery innovation initiatives by established players64
5.2.4CHALLENGES65
5.2.4.1Limited usage and overheating issues of industrial batteries65
5.2.4.2Disruptions in supply chain due to COVID-19 pandemic65
5.3PORTER’S FIVE FORCES ANALYSIS66
FIGURE 18INDUSTRIAL BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS66
5.3.1BARGAINING POWER OF SUPPLIERS66
5.3.2BARGAINING POWER OF BUYERS67
5.3.3THREAT OF NEW ENTRANTS67
5.3.4THREAT OF SUBSTITUTES67
5.3.5INTENSITY OF COMPETITIVE RIVALRY67
TABLE 1PORTER’S FIVE FORCES ANALYSIS68
5.4MACROECONOMIC INDICATORS68
5.4.1GDP TRENDS AND FORECAST OF MAJOR ECONOMIES68
TABLE 2PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES68
5.5IMPACT OF COVID-1969
5.5.1INTRODUCTION69
5.5.2DISRUPTIONS IN INDUSTRY69
5.5.3CHANGES IN STRATEGIES TO OVERCOME SUPPLY CHAIN CONSTRAINTS69
5.5.4NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES69
5.6CASE STUDY ANALYSIS70
5.6.1COLLABORATION BETWEEN NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) LAUNCHED GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM70
5.6.2DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT70
5.6.3SAFT GROUP’S LITHIUM-ION BATTERIES USED IN IOT PLATFORM70
5.7TECHNOLOGY ANALYSIS70
5.7.1LITHIUM METAL BATTERY71
5.7.2LITHIUM-SULFUR BATTERIES71
5.7.3SODIUM-SULFUR BATTERIES71
5.7.4COBALT-FREE BATTERIES71
5.7.5METAL-AIR BATTERIES72
5.7.6LIQUID-METAL BATTERIES72
5.7.7POTASSIUM METAL BATTERIES72
5.7.8ZINC MANGANESE BATTERIES72
5.7.9VANADIUM-FLOW BATTERIES72
5.7.10GOLD NANOWIRE GEL ELECTROLYTE BATTERIES73
5.8VALUE CHAIN ANALYSIS73
FIGURE 19VALUE CHAIN ANALYSIS: INDUSTRIAL BATTERIES MARKET73
5.9AVERAGE SELLING PRICE ANALYSIS, BY END-USE INDUSTRY75
TABLE 3INDUSTRIAL BATTERIES MARKET: AVERAGE SELLING PRICE ANALYSIS, 2018–2021, (USD/ KWH)75
TABLE 4INDUSTRIAL BATTERIES MARKET: AVERAGE SELLING
PRICE ANALYSIS, 2022–2027, (USD/KWH)75
5.10TARIFF AND REGULATORY LANDSCAPE75
5.10.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
TABLE 5NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS75
TABLE 6EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS76
TABLE 7ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
TABLE 8REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS77
5.11ECOSYSTEM78
FIGURE 20INDUSTRIAL BATTERIES MARKET: ECOSYSTEM78
5.12KEY CONFERENCES & EVENTS IN 2022–202379
TABLE 9BATTERY ENERGY STORAGE SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS79
5.13TRADE ANALYSIS82
TABLE 10LITHIUM-ION BATTERY IMPORT DATA FOR TOP COUNTRIES,
2017–2021 (USD)82
TABLE 11LITHIUM-ION BATTERY EXPORT DATA FOR TOP COUNTRIES,
2017–2021 (USD)82
5.14KEY STAKEHOLDERS & BUYING CRITERIA83
5.14.1INTRODUCTION83
5.14.2KEY STAKEHOLDERS IN BUYING PROCESS83
TABLE 12INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP THREE END USES (%)83
FIGURE 21KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS83
5.14.3BUYING CRITERIA84
FIGURE 22KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS84
TABLE 13KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS84
5.15PATENT ANALYSIS85
5.15.1INTRODUCTION85
5.15.2METHODOLOGY85
5.15.3DOCUMENT TYPE85
FIGURE 23PATENT APPLICATIONS ACCOUNTED FOR 51.5% SHARE DURING LAST TEN YEARS85
TABLE 14PATENT ANALYSIS DURING LAST TEN YEARS86
FIGURE 24PUBLICATION TRENDS FOR LAST TEN YEARS86
5.15.4INSIGHTS86
5.15.5LEGAL STATUS OF PATENTS86
FIGURE 25PATENT LEGAL STATUS87
FIGURE 26JURISDICTION ANALYSIS87
5.15.6TOP COMPANIES/ APPLICANTS87
FIGURE 27TOP COMPANY APPLICANTS WITH HIGHEST NUMBER OF PATENTS88
TABLE 15LIST OF PATENTS BY GS YUASA INTERNATIONAL LIMITED88
TABLE 16LIST OF PATENTS BY CHAOWEI POWER CO.LTD.89
TABLE 17LIST OF PATENTS BY LEOCH BATTERY CO. LTD.90
TABLE 18TOP TEN PATENT OWNERS (US) DURING LAST TEN Y EARS91
5.16TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES91
6INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE93
6.1INTRODUCTION94
FIGURE 28LEAD-ACID BATTERY SEGMENT PROJECTED TO LEAD INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD94
TABLE 19INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)94
TABLE 20INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)95
6.2LEAD-ACID95
6.2.1INCREASING ADOPTION OF LEAD-ACID BATTERIES IN GRID ENERGY STORAGE95
TABLE 21LEAD-ACID BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)96
TABLE 22LEAD-ACID BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)96
TABLE 23LEAD-ACID BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)96
TABLE 24LEAD-ACID BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)96
TABLE 25LEAD-ACID BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)97
TABLE 26LEAD-ACID BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)97
TABLE 27STATIONARY LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)97
TABLE 28STATIONARY LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)97
TABLE 29LEAD-ACID BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)98
TABLE 30LEAD-ACID BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)98
TABLE 31MOTIVE LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)98
TABLE 32MOTIVE LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)99
6.3LITHIUM-ION99
6.3.1DECREASE IN PRICES TO INCREASE DEMAND FOR LITHIUM-ION BATTERIES99
TABLE 33LITHIUM-ION BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)100
TABLE 34LITHIUM-ION BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)100
TABLE 35LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)100
TABLE 36LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)100
TABLE 37LITHIUM-ION BATTERY MARKET SIZE, BY STATIONARY
END-USE INDUSTRY, 2018–2021 (USD MILLION)101
TABLE 38LITHIUM-ION BATTERY MARKET SIZE, BY STATIONARY
END-USE INDUSTRY, 2022–2027 (USD MILLION)101
TABLE 39STATIONARY LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)101
TABLE 40STATIONARY LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)102
TABLE 41LITHIUM-ION BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)102
TABLE 42LITHIUM-ION BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)102
TABLE 43MOTIVE LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)103
TABLE 44MOTIVE LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)103
6.4OTHERS103
6.4.1LESS EXPENSIVE BATTERIES TO DRIVE DEMAND103
TABLE 45OTHERS BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)104
TABLE 46OTHERS BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)104
TABLE 47OTHERS BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)104
TABLE 48OTHERS BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)104
TABLE 49OTHERS BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY,
2018–2021 (USD MILLION)105
TABLE 50OTHERS BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY,
2022–2027 (USD MILLION)105
TABLE 51STATIONARY OTHERS BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)105
TABLE 52STATIONARY OTHERS BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)105
TABLE 53OTHERS BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)106
TABLE 54OTHERS BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)106
TABLE 55MOTIVE OTHERS BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)106
TABLE 56MOTIVE OTHERS BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)107
7INDUSTRIAL BATTERIES MARKET, MARKET BY END-USE INDUSTRY108
7.1INTRODUCTION109
FIGURE 29STATIONARY END-USE INDUSTRY PROJECTED TO LEAD INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027109
TABLE 57INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)109
TABLE 58INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)110
TABLE 59INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (GWH)110
TABLE 60INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (GWH)110
7.2STATIONARY INDUSTRIAL BATTERIES110
FIGURE 30ASIA PACIFIC PROJECTED TO LEAD STATIONARY END-USE INDUSTRY SEGMENT OF INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027111
TABLE 61STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)111
TABLE 62STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)111
TABLE 63STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)112
TABLE 64STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)112
TABLE 65STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)112
TABLE 66STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)113
7.2.1TELECOMMUNICATION113
TABLE 67TELECOMMUNICATION BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)113
TABLE 68TELECOMMUNICATION BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)113
TABLE 69TELECOMMUNICATION BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)114
TABLE 70TELECOMMUNICATION BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)114
7.2.2UNINTERRUPTIBLE POWER SUPPLY (UPS)/BACKUP114
TABLE 71UPS BATTERIES MARKET SIZE, BY DATA CENTER TYPE,
2018–2021 (USD MILLION)115
TABLE 72UPS BATTERIES MARKET SIZE, BY DATA CENTER TYPE,
2022–2027 (USD MILLION)115
TABLE 73UPS BATTERIES MARKET SIZE, BY BATTERY TYPE, 2018–2021 (USD MILLION)115
TABLE 74UPS BATTERIES MARKET SIZE, BY BATTERY TYPE, 2022–2027 (USD MILLION)115
TABLE 75UPS BATTERIES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)116
TABLE 76UPS BATTERIES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)116
7.2.3GRID LEVEL116
TABLE 77GRID LEVEL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)117
TABLE 78GRID LEVEL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)117
TABLE 79GRID LEVEL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)117
TABLE 80GRID LEVEL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)117
7.3MOTIVE INDUSTRIAL BATTERY118
FIGURE 31NORTH AMERICA PROJECTED TO LEAD MOTIVE INDUSTRIAL BATTERY SEGMENT OF INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027118
TABLE 81MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION)118
TABLE 82MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY APPLICATION,
2022–2027 (USD MILLION)119
TABLE 83MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)119
TABLE 84MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)119
TABLE 85MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)120
TABLE 86MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)120
7.3.1LOW SPEED ELECTRIC VEHICLES120
TABLE 87LSEV BATTERY MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)120
TABLE 88LSEV BATTERY MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)121
TABLE 89LSEV BATTERY MARKET SIZE, BY BATTERY TYPE, 2018–2021 (USD MILLION)121
TABLE 90LSEV BATTERY MARKET SIZE, BY BATTERY TYPE, 2022–2027 (USD MILLION)121
TABLE 91LSEV BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)121
TABLE 92LSEV BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)122
7.3.2FLOOR SCRUBBERS122
TABLE 93FLOOR SCRUBBER BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)122
TABLE 94FLOOR SCRUBBER BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)122
TABLE 95FLOOR SCRUBBER BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)123
TABLE 96FLOOR SCRUBBER BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)123
7.3.3MATERIAL HANDLING123
TABLE 97MATERIAL HANDLING BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)123
TABLE 98MATERIAL HANDLING BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)124
TABLE 99MATERIAL HANDLING BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)124
TABLE 100MATERIAL HANDLING BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)124
7.3.4MARINE124
TABLE 101MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)125
TABLE 102MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)125
TABLE 103MARINE BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)125
TABLE 104MARINE BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)125
7.3.5RECREATIONAL VEHICLES126
TABLE 105RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)126
TABLE 106RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)126
TABLE 107RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)126
TABLE 108RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)127
8INDUSTRIAL BATTERIES MARKET, BY REGION128
8.1INTRODUCTION129
FIGURE 32NORTH AMERICA IS EXPECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD129
TABLE 109GLOBAL: INDUSTRIAL BATTERIES MARKET, BY REGION,
2018–2021 (USD MILLION)130
TABLE 110GLOBAL: INDUSTRIAL BATTERIES MARKET, BY REGION,
2022–2027 (USD MILLION)130
8.2NORTH AMERICA130
FIGURE 33NORTH AMERICA INDUSTRIAL BATTERIES MARKET SNAPSHOT, 2021131
TABLE 111NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)131
TABLE 112NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)132
TABLE 113NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)132
TABLE 114NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)132
TABLE 115NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)132
TABLE 116NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)133
TABLE 117NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)133
TABLE 118NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)133
TABLE 119NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)134
TABLE 120NORTH AMERICA: INDUTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)134
8.2.1US134
8.2.1.1Demand for batteries in grid level energy storage expected to fuel demand for industrial batteries134
TABLE 121US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)135
TABLE 122US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)135
8.2.2CANADA135
8.2.2.1Industrial batteries market expected to grow due to high demand from telecom industry135
TABLE 123CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)135
TABLE 124CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)136
8.2.3MEXICO136
8.2.3.1Demand for industrial batteries attributed to expanding domestic automotive industry136
TABLE 125MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)136
TABLE 126MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)136
8.3ASIA PACIFIC137
FIGURE 34ASIA PACIFIC MARKET: SNAPSHOT137
TABLE 127ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)138
TABLE 128ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)138
TABLE 129ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)138
TABLE 130ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)138
TABLE 131ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)139
TABLE 132ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)139
TABLE 133ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)139
TABLE 134ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)140
TABLE 135ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)140
TABLE 136ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)140
8.3.1CHINA141
8.3.1.1China accounts for largest share of market in Asia Pacific141
TABLE 137CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)141
TABLE 138CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)141
8.3.2JAPAN142
8.3.2.1Expansion of R&D resources by battery giants supporting market growth142
TABLE 139JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)142
TABLE 140JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)142
8.3.3INDIA143
8.3.3.1Rising adoption of electric transport expected to drive market143
TABLE 141INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)143
TABLE 142INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)144
8.3.4REST OF ASIA PACIFIC144
TABLE 143REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2018–2021 (USD MILLION)144
TABLE 144REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2022–2027 (USD MILLION)145
8.4EUROPE145
FIGURE 35EUROPE MARKET: SNAPSHOT146
TABLE 145EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)146
TABLE 146EUROPE: INDUTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)147
TABLE 147EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)147
TABLE 148EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)147
TABLE 149EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)147
TABLE 150EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)148
TABLE 151EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)148
TABLE 152EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)148
TABLE 153EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)149
TABLE 154EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)149
8.4.1GERMANY149
8.4.1.1Increasing expansion of residential storage sector
to boost market growth149
TABLE 155GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)150
TABLE 156GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)150
8.4.2UK150
8.4.2.1Government initiatives for growth of EV industry to support market growth150
TABLE 157UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)151
TABLE 158UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)151
8.4.3FRANCE151
8.4.3.1Surging penetration of renewable energy boosting market growth in France151
TABLE 159FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)152
TABLE 160FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)152
8.4.4REST OF EUROPE152
TABLE 161REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)153
TABLE 162REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)153
8.5MIDDLE EAST & AFRICA153
TABLE 163MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)153
TABLE 164MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)154
TABLE 165MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)154
TABLE 166MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)154
TABLE 167MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)155
TABLE 168MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)155
TABLE 169MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)155
TABLE 170MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)156
TABLE 171MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)156
TABLE 172MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)156
8.5.1SAUDI ARABIA156
8.5.1.1Growing economy expected to boost demand for industrial batteries156
TABLE 173SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)157
TABLE 174SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)157
8.5.2UAE157
8.5.2.1Growth of telecom & data communication sector to drive market157
TABLE 175UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)157
TABLE 176UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)158
8.5.3SOUTH AFRICA158
8.5.3.1Rising demand for portable devices expected to fuel demand for industrial batteries158
TABLE 177SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)158
TABLE 178SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)158
8.5.4REST OF MIDDLE EAST & AFRICA158
TABLE 179REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2018–2021 (USD MILLION)159
TABLE 180REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2022–2027 (USD MILLION)159
8.6SOUTH AMERICA159
TABLE 181SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)159
TABLE 182SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)160
TABLE 183SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)160
TABLE 184SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)160
TABLE 185SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)160
TABLE 186SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)161
TABLE 187SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)161
TABLE 188SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)161
TABLE 189SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)162
TABLE 190SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)162
8.6.1BRAZIL162
8.6.1.1Rising demand for consumer and automotive batteries expected to increase demand162
TABLE 191BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)162
TABLE 192BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)163
8.6.2REST OF SOUTH AMERICA163
TABLE 193REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,2018–2021 (USD MILLION)163
TABLE 194REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,2022–2027 (USD MILLION)163
9COMPETITIVE LANDSCAPE164
9.1INTRODUCTION164
TABLE 195KEY DEVELOPMENTS IN INDUSTRIAL BATTERIES MARKET (2020–2022)164
9.1.1REVENUE ANALYSIS OF TOP COMPANIES165
FIGURE 36INDUSTRIAL BATTERIES MARKET: REVENUE ANALYSIS (2020)165
9.2MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021166
TABLE 196INDUSTRIAL BATTERIES MARKET: DEGREE OF COMPETITION166
9.3COMPANY EVALUATION QUADRANT, 2021168
9.3.1STAR168
9.3.2EMERGING LEADER168
9.3.3PERVASIVE168
9.3.4PARTICIPANT168
FIGURE 37INDUSTRIAL BATTERIES MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021169
9.4SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021170
9.4.1PROGRESSIVE COMPANY170
9.4.2RESPONSIVE COMPANY170
9.4.3DYNAMIC COMPANY170
9.4.4STARTING BLOCK170
FIGURE 38INDUSTRIAL BATTERIES MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021171
9.5INDUSTRIAL BATTERIES MARKET: STARTUP MATRIX172
TABLE 197INDUSTRIAL BATTERIES MARKET: DETAILED LIST OF KEY STARTUPS/SMES172
TABLE 198INDUSTRIAL BATTERIES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES172
9.6INDUSTRIAL BATTERIES MARKET: COMPANY FOOTPRINT173
TABLE 199COMPANY FOOTPRINT: BY END-USE INDUSTRY173
TABLE 200COMPANY FOOTPRINT: BY REGION174
TABLE 201COMPANY FOOTPRINT175
9.7COMPETITIVE SCENARIO AND TRENDS176
9.7.1PRODUCT LAUNCHES176
TABLE 202INDUSTRIAL BATTERIES MARKET: PRODUCT LAUNCHES,
FEBRUARY 2020–JANUARY 2022176
9.7.2DEALS178
TABLE 203INDUSTRIAL BATTERIES MARKET: DEALS, FEBRUARY 2020–JANUARY 202178
9.7.3OTHERS178
TABLE 204INDUSTRIAL BATTERIES MARKET: OTHERS, FEBRUARY 2020–JANUARY 2022178
10COMPANY PROFILES180
10.1KEY PLAYERS180
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
10.1.1ENERSYS INC.180
TABLE 205ENERSYS, INC.: COMPANY OVERVIEW180
FIGURE 39ENERSYS, INC.: COMPANY SNAPSHOT181
TABLE 206ENERSYS, INC.: PRODUCT OFFERINGS181
TABLE 207ENERSYS, INC.: PRODUCT LAUNCHES184
TABLE 208ENERSYS, INC.: OTHER DEVELOPMENTS184
10.1.2C&D TECHNOLOGIES, INC.186
TABLE 209C&D TECHNOLOGIES, INC.: COMPANY OVERVIEW186
TABLE 210C&D TECHNOLOGIES, INC.: PRODUCT OFFERINGS186
10.1.3GS YUASA CORPORATION190
TABLE 211GS YUASA CORPORATION: COMPANY OVERVIEW190
FIGURE 40GS YUASA CORPORATION: COMPANY SNAPSHOT191
TABLE 212GS YUASA CORPORATION: PRODUCT OFFERINGS192
TABLE 213GS YUASA CORPORATION: PRODUCT LAUNCHES193
TABLE 214GS YUASA CORPORATION: DEALS193
TABLE 215GS YUASA CORPORATION: OTHERS194
10.1.4EXIDE INDUSTRIES196
TABLE 216EXIDE INDUSTRIES: COMPANY OVERVIEW196
FIGURE 41EXIDE INDUSTRIES: COMPANY SNAPSHOT197
TABLE 217EXIDE INDUSTRIES: PRODUCT OFFERINGS197
TABLE 218EXIDE INDUSTRIES: OTHERS200
10.1.5CROWN BATTERY201
TABLE 219CROWN BATTERY: COMPANY OVERVIEW201
TABLE 220CROWN BATTERY: PRODUCT OFFERINGS201
10.1.6EAST PENN MANUFACTURING COMPANY202
TABLE 221EAST PENN MANUFACTURING: COMPANY OVERVIEW202
TABLE 222EAST PENN MANUFACTURING: PRODUCT OFFERINGS202
TABLE 223EAST PENN MANUFACTURING: PRODUCT LAUNCHES203
10.1.7LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.204
TABLE 224LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: COMPANY OVERVIEW204
FIGURE 42LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: COMPANY SNAPSHOT205
TABLE 225LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: PRODUCT OFFERINGS205
10.1.8SAMSUNG SDI CO., LTD.207
TABLE 226SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW207
FIGURE 43SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT208
TABLE 227SAMSUNG SDI CO., LTD.: PRODUCT OFFERINGS209
TABLE 228SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES209
10.1.9SK INNOVATION211
TABLE 229SK INNOVATION: COMPANY OVERVIEW211
FIGURE 44SK INNOVATION: COMPANY SNAPSHOT212
TABLE 230SK INNOVATION: PRODUCT OFFERINGS212
TABLE 231SK INNOVATION: DEALS213
TABLE 232SK INNOVATION: OTHERS213
10.1.10NARADA
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