Industrial Battery Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Demand for Industrial Battery from Data Centers and Telecom Industry
- Increasing Renewable Energy Integration Around the World
Challenges
- Fluctuation in the Prices of Raw Materials
Industrial Battery Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
10.2% |
|
Base Year Market Size (2024) |
USD 21.46 billion |
|
Forecast Year Market Size (2037) |
USD 75.86 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of industrial battery is assessed at USD 23.32 billion.
Industrial Battery Market size was over USD 21.46 billion in 2024 and is projected to reach USD 75.86 billion by 2037, growing at around 10.2% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to hold largest revenue share by 2037, propelled by increase in civil infrastructure activities, and robust growth of industrial base in the region.
The major players in the market are GS Yuasa Corp., Johnson Controls, Inc., Exide Technologies, Inc., Enersys, Inc., and others.
