Research Nester published a report titled “Industrial Battery Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalindustrial battery market in terms of market segmentation by technology, end user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global industrial battery market is estimated to occupy a large revenue by growing at a CAGR of ~8% during the forecast period, i.e., 2022 – 2030, owing to the increasing demand for industrial battery from telecom sector and data centers, and significant reduction in the cost of lithium battery. Apart from these, technological advancements in industrial battery industries are also expected to drive market growth in the coming years.
The market is segmented by technology and end user. Based on technology, the lithium-ion battery segment is anticipated to grab the largest market share during the forecast period on the back of the low price, better performance and exceptional energy density of these batteries. Additionally, by end user, the telecom segment is projected to hold the largest share over the forecast period attributing to the rising demand for high efficiency power backup.
Geographically, the global industrial battery market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the high manufacturing output in the region. Moreover, the market in Asia Pacific is assessed to grow by the highest rate in the future owing to the rising civil infrastructure activities in the region.
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The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Growing Demand for Industrial Battery from Data Centers Worldwide to Drive Market Growth
Industrial batteries are heavily being used as backup power for communication base stations to ensure reliable energy storage power, over the last few years. Currently, most of the batteries used in the field of communication backup power supply are telecom lithium batteries, whose usage is projected to rise in the near future, which in turn is predicted to drive market growth in the coming years.
However, fluctuation in the prices of raw materials is expected to operate as key restraint to the growth of the global industrial battery market over the forecast period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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This report also provides the existing competitive scenario of some of the key players of the global industrial battery market which includes company profiling of GS Yuasa Corp., Johnson Controls, Inc., Exide Technologies, Inc., Enersys, Inc., Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH, Saft Groupe S.A., East Penn Manufacturing Co., Exide Industries Limited, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global industrial battery market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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