The future of the global industrial battery market looks promising with opportunities in the telecom & data communication, uninterruptible power supply, energy, equipment, and grid storage markets. The global industrial battery market is expected to reach an estimated $35.1 billion by 2030 with a CAGR of 8.6% from 2024 to 2030. The major drivers for this market are rising adoption of renewable energy sources and growing demand for backup power.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the industrial battery market
by battery type (lead-acid, lithium-ion, and others), application (telecom
& data communication, uninterruptible power supply, energy, equipment, grid
storage, and others), end use (stationary and motive), and region (North
America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
lead-acid and lithium-ion are the major segments of industrial battery market
by battery type. Lucintel forecasts that lead-acid is expected to witness the
highest growth over the forecast period due to its various advantages, such as
lower cost, reliability, and easier maintenance.Within this market, telecom
& data communication is expected to witness the highest growth.
APAC is expected to
witness highest growth over the forecast period due to rapid industrialization
and presence of key players in this region.
EnerSys, C&D
Technologies, Exide Industries, GS Yuasa, and Crown Batteries are the major
suppliers in the industrial battery market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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