Industrial Battery Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Industrial Battery Market: Introduction

An individual battery or a battery pack designed exclusively for professional or industrial use is an industrial battery. An industrial battery consists of two electrodes connected by an electrolyte, which allows the flow of current, converting chemical energy to electric power. Industrial batteries are the energy source for most suppliers and manufacturers and lead-acid based, lithium based and nickel based batteries are the common families of industrial batteries.

Industrial batteries are used to power heavy machinery, electric vehicles, trucks and forklifts specifically designed for moving and lifting materials. They comprise an energy foundation, which powers huge data centers to keep the internet online and cellular phone towers that keep us connected all around the world. The design of these batteries has been evolving for industrial and consumer applications, such as a power source to drive electric vehicles. According to estimates, the industrial battery market generates billions in sales per year and is expected to grow in years to come as these batteries are low cost and efficient.

Industrial batteries are rigid and generally used in difficult-to-reach or remote areas where appliances need to be self-powered. In these situations, replacement or re-charging of batteries is not an easy alternative or is entirely impossible. Hence, failure of battery often results in device failure. Therefore, it is essential that industrial batteries are capable of providing reliable power to devices, so they may operate for as long as needed.

The main applications of industrial batteries are automotive tags, valve regulated batteries, wireless sensors, Absorbent Glass Mats (AGM), GPS tracking machines and oceanographic instruments. Also, monitoring devices and the process control used in hard to reach locations are affected by adverse environmental conditions. Thus, industrial batteries are the best suitable option where low maintenance, temperature sensitivity and volume are crucial.

Industrial Battery Market: Dynamics

The growing automotive, electrical and electronic heavy machinery industries are surging demand for industrial batteries across the globe.

Industrial battery Market will be driven by continues advancement of technology in electronic industry and also, considerable demand of uninterrupted power supply, and battery powered systems is expected to accelerate the sales of industrial batteries.

Industrial lead-acid batteries are relatively durable and currently trending in the market. They hold a sizeable share of the market and this segment is expected to grow exponentially in coming years. These batteries are also recyclable and low emission. Manufacturers in the industrial battery market are reaping profits from the rapidly increasing production of hybrid and electric vehicles, particularly in the U.S. and Western Europe. However, the maintenance and weight of industrial batteries are hindering the market growth. Focusing on manufacturing more compact batteries can prove to be an opportunity for manufacturers.

Industrial Battery Market: Segmentation

Segmentation of the industrial battery market by type:

  • Lead-Acid batteries
  • Lithium-based batteries
  • Nickel-based batteries

Segmentation of the industrial battery market by rated capacity:

  • Cell Voltage – Operational Range, Depth of Discharge, Cathode Material
  • Capacity – Nominal vs Usable
  • Power – Discharge Rate, Pulse Loads, Impedance
  • Charging – Charge rate, Charge Voltage, Electrolyte Dependent

Segmentation of the industrial battery market on the basis of application:

  • Telecom and data communication
  • Industrial equipment
  • UPS (Uninterruptable Power Supply) / Power supply backup
  • Grid-level energy storage
  • Automotive industry
  • Aerospace industry
  • Remote wireless communication
  • Military
  • Electronics and electrical
  • Other

Industrial Battery Market: Regional Outlook

China is considered as a growing market for industrial batteries, due to increasing output from the manufacturing sector, especially electrical and electronic manufacturing industries and motor vehicles. Western Europe and North America are next in line to see a potential increase in industrial battery demand, due to the growing demand for battery supported systems that regulate power frequency and store energy. In the United States, industrial battery suppliers are prospering from the rising installation of off-grid renewable energy systems and micro-grid renewable energy systems.

Industrial Battery Market: Market Participants

Examples of some of the market participants in the industrial battery market are:

  • S Battery
  • EnerSys
  • Exide Industries Ltd.
  • GB Industrial Battery
  • CenturyYuasa
  • Johnson Controls
  • Panasonic
  • LG Chem.
  • Automotive Energy Supply Corporation
  • BYD Motors Inc.
  • GS Yuasa
  • Samsung sdi co. Ltd.
  • Bloomberg L.P.
  • Deutsche Accumotive GmbH & Co. KG.
  • Lithium Air Industries
  • Tianeng Power International Co., Ltd.
  • Exide Technologies Inc.
  • SAFT Group S.A.
  • Other.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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