Industrial Batteries Market Size, Share, and Trends 2024 to 2034

The global industrial batteries market size is accounted at USD 68.99 billion in 2025 and is forecasted to hit around USD 545.11 billion by 2034, representing a CAGR of 26.04% from 2025 to 2034. The Asia Pacific market size was estimated at USD 19.93 billion in 2024 and is expanding at a CAGR of 26.21% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : January 2025
  • Report Code : 2814
  • Category : Machinery and Equipment

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID-19 Impact on Industrial Batteries Market 

5.1. COVID-19 Landscape: Industrial Batteries Industry Impact

5.2. COVID-19 - Impact Assessment for the Industry

5.3. COVID-19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Industrial Batteries Market, By Type

8.1. Industrial Batteries Market Revenue and Volume, by Type

8.1.1. Lithium-Based

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Nickel-Based

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Lead-Acid Based

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Others

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Industrial Batteries Market, By Application

9.1. Industrial Batteries Market Revenue and Volume, by Application

9.1.1. Electric Grid Storage

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Industrial Equipment

9.1.2.1. Market Revenue and Volume Forecast

9.1.3. Power Storages

9.1.3.1. Market Revenue and Volume Forecast

9.1.4. Telecommunication

9.1.4.1. Market Revenue and Volume Forecast

9.1.5. Others

9.1.5.1. Market Revenue and Volume Forecast

Chapter 10. Global Industrial Batteries Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Type

10.1.2. Market Revenue and Volume Forecast, by Application

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Type

10.1.3.2. Market Revenue and Volume Forecast, by Application

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Type

10.1.4.2. Market Revenue and Volume Forecast, by Application

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Type

10.2.2. Market Revenue and Volume Forecast, by Application

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Type

10.2.3.2. Market Revenue and Volume Forecast, by Application

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Type

10.2.4.2. Market Revenue and Volume Forecast, by Application

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Type

10.2.5.2. Market Revenue and Volume Forecast, by Application

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Type

10.2.6.2. Market Revenue and Volume Forecast, by Application

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Type

10.3.2. Market Revenue and Volume Forecast, by Application

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Type

10.3.3.2. Market Revenue and Volume Forecast, by Application

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Type

10.3.4.2. Market Revenue and Volume Forecast, by Application

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Type

10.3.5.2. Market Revenue and Volume Forecast, by Application

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Type

10.3.6.2. Market Revenue and Volume Forecast, by Application

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Type

10.4.2. Market Revenue and Volume Forecast, by Application

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Type

10.4.3.2. Market Revenue and Volume Forecast, by Application

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Type

10.4.4.2. Market Revenue and Volume Forecast, by Application

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Type

10.4.5.2. Market Revenue and Volume Forecast, by Application

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Type

10.4.6.2. Market Revenue and Volume Forecast, by Application

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Type

10.5.2. Market Revenue and Volume Forecast, by Application

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Type

10.5.3.2. Market Revenue and Volume Forecast, by Application

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Type

10.5.4.2. Market Revenue and Volume Forecast, by Application

Chapter 11. Company Profiles

11.1. Toshiba International Corporation

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. East Penn Manufacturing Company

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Robert Bosch GmbH

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. C&D Technologies, Inc.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Northstar Battery Company LLC

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. GS Yuasa Corporation

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Saft Groupe S.A.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Enersys Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Exide Technologies Inc.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Johnson Controls Inc.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global industrial batteries market size is expected to increase around USD 545.11 billion by 2034 from USD 53.86 billion in 2024.

The global industrial batteries market will register a CAGR of 26.04% between 2025 and 2034.

The major players operating in the industrial batteries market are Toshiba International Corporation, East Penn Manufacturing Company, Robert Bosch GmbH, C&D Technologies, Inc., Northstar Battery Company LLC, GS Yuasa Corporation, Saft Groupe S.A., Enersys Inc., Exide Technologies Inc., Johnson Controls Inc., Exide Industries Ltd. and Others.

The industrial batteries market growth is expanding due to surge in the usage of lithium-ion batteries, the growing adoption of renewable energy sources, and the growing electrification.

Asia Pacific region has dominated the industrial batteries market in 2024.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client