Global Industrial Batteries Market Information: By Type (Lead-Acid, Nickel-Based, Lithium-Based, And Others), By Application (Telecommunication, Power Storages, Industrial Equipment, Electric Grid Storage, And Others) And Region- Forecast Till 2023

Pune, India -- (SBWire) -- 12/26/2018 --Segmentation

The Global Industrial Batteries Market is categorized on the basis of Type, Application and Region.

On the Basis of Type, the market is bifurcated into acid, nickel-based, lithium-based, and others.

On the Basis of the Application, the industrial batteries market is categorized into telecommunication, power storages, industrial equipment, electric grid storage, and others.

On the Basis of the Region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.

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Key Players

Some of the prominent players operating in the Global Industrial Batteries Market are Johnson Controls Inc. (U.S.), Exide Technologies Inc. (India), Enersys Inc. (U.S.), Saft Groupe S.A. (France), GS Yuasa Corporation (Japan), Northstar Battery Company LLC (Sweden), C&D Technologies, Inc. (U.S.), Robert Bosch GmbH (Germany), East Penn Manufacturing Company (U.S.), and Toshiba International Corporation (Japan) among others.

Intended Audience

Industrial batteries manufacturers

Traders and Distributors of industrial batteries

Production Process Industries

Potential Investors

Raw Material Suppliers

Nationalized Laboratory

Synopsis of Industrial Batteries Market

Industrial Batteries are electrochemical devices that convert higher-level active materials into an alternate state during discharge. Battery Materials are chemical and metals most widely used to manufacture primary and secondary batteries. These materials depend on the properties such as crystallinity, crystal size and shape, porosity, doping, and surface modification. Following these properties, the battery performance is measured based on energy density, power density, stability or cyclability, price, and safety.

As per our analysis, some of the prominent market factors and trends identified in the Global Industrial Batteries Market include rapid industrialization, rising demand for high capacity power storages, and increasing expenditure on research activities. Moreover, the demand for Industrial Batteries is predicted to witness a significant growth over the assessment period due to surging electrification industry. Rising uninterrupted electric energy demands across the globe are anticipated to be an important driver of the Industrial Batteries Market during the review period. Industrial batteries are extensively used in the industries to incorporate the automation of handling and construction machinery, robotics, and small transport vehicles which requires batteries. Furthermore, rapid urbanization coupled with increasing disposable income in emerging economies is predicted to propel the growth of the market during the assessment period, 2017-2023. However, implementation of strict regulations by various government bodies has restricted the use of toxic organic chemicals used in the production of industrial batteries, which is expected to hamper the growth of the market.

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