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Industrial Batteries Market by type, end-user industry/Backup, Industrial Equipment, and region - Global Forecast to 2021

Industrial Batteries Market: Global Forecast until 2021

  • September 2016
  • 157 pages
  • ID: 4169036
In this report:
North America accounted for the second-largest share of ##.##% of the industrial batteries market in 2015; and this market is expected to grow from USD ##,##.## million in 2015 to USD ##,##.## million by 2021
The South & Central America region accounted for a share of ##.##% of the global industrial batteries market in 2015, and is expected to grow at a CAGR of ##.##% between 2016 and 2021

Summary

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"The industrial batteries market is estimated to rise at a compound annual growth rate of 6.50 percent from 2016 to 2021"

The industrial batteries market is estimated to grow ~$10.8B by 2021, at a compound annual growth rate of 6.50 percent between 2016 and 2021. The increasing demand for grid-connected solutions, government incentives for the use of green and clean energy, and recyclability of the batteries are anticipated to propel the increase of the market.

"Telecom & Data Communication was the most important end-user industry segment of the industrial batteries market"

Telecom & data communication was the biggest segment of the industrial batteries market in 2015, and is forecasted to be the quickest-growing segment from 2016 to 2021. The increase of this segment can be primarily attributed to the increase in the telecom sector and growing demand for high efficiency power backup.

"The Lithium-based industrial batteries segment forecasted to grow at the highest compound annual growth rate (CAGR)"

Established on category, lead-acid batteries was the most important segment of the industrial batteries market in 2015. Lithium-based batteries is anticipated to be the quickest-rising segment of the market, since these batteries are quickly being adopted owing to their increased life, recyclability, and low emission.

"Asia-Pac (APAC) led the overall industrial batteries market"

APAC was the biggest market for industrial batteries in 2015; the sector in the area is forecast to be the quickest-increasing during the forecast period. China (CN), Japan (JP), and South Korea (KR) are the main sectors for industrial batteries in Asia-Pac. The growing demand for industrial batteries and government support for the use renewable energy devices in different countries is anticipated to act as a main driver for the increase of industrial battery market in Asia Pacific (APAC).

Profile break-up of primary participants for the market research:

- By Company category - Tier 1 - 40 %, Tier 2 - 25.0 percent, Tier 3 - 35.0 percent

- By Description - C-suite - 35.0 percent, D-level - 40.0 percent, Others - 25.0 percent

- By area - North america (NA) - 25.0 percent, Europe - 20.0 percent, Asia-Pacific - 40.0 percent, Middle East & Africa - 10.0 percent, Central & South America - 5.0 percent

Moreover, as a part of qualitative analysis, the industry research offers a comprehensive analysis of major market drivers, market restraints, alternatives, and opportunities. It also considers competitive landscape approved by various market players, including Johnson Controls, GS Yuasa, Exide Technologies Inc., EnerSys Inc., and SAFT Group S.A., among others.

Scope of the report:

This market research classifies the industrial batteries market based on type, end-user market, and area, forecasting revenues as well as analyzing trends in each of the submarkets.

- North america (NA)

- Middle East & Africa

- South & Central America

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