Press release
Industrial Batteries Market to Reach USD 34.6 B by 2030 at ~7.6% CAGR
Industrial Batteries Market
According to Grand View Research, the global Industrial Batteries market was valued at approximately USD 22.44 billion in 2024, and it is projected to reach USD 34.57 billion by 2030, with a CAGR of 7.6% during 2025-2030
IMARC Group provides a complementary outlook, estimating growth from USD 23.2 billion in 2024 to USD 36.7 billion by 2033, at a 4.98% CAGR
Verified Market Reports offers another projection: growth from USD 12.86 billion in 2024 to USD 22.92 billion by 2033, at 7.39% CAGR .
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Market Overview & Key Drivers
Industry growth is driven by demand for reliable backup and uninterrupted power supply across telecom, data centers, manufacturing, and grid storage facilities
Rising adoption of renewable energy systems, energy storage solutions, and expansion of telecommunications and EV infrastructure further amplify need for industrial batteries
Technologies are evolving with lithium-ion dominance, increasing focus on lithium‐iron phosphate (LFP) systems, flow batteries, and advanced power management platforms offering higher density, safety, and recyclability .
Competitive Landscape
Major players shaping the market include Johnson Controls, Enersys, Saft Group, GS Yuasa Corporation, Exide Industries, C&D Technologies, SK Innovation, Amara Raja, among others. These firms compete through innovation, global manufacturing expansion, and strategic alliances
Regional Demand & Fastest-Growth Region
North America accounted for the largest revenue share in 2024, underpinned by mature infrastructure, significant telecom investments, and robust EV-related energy storage demand
Asia‐Pacific is the fastest-growing region, with projected CAGR between 7.1% to 9%, led by rising industrialization, energy storage deployments, and telecom infrastructure in China, India, Japan, and South Korea
Europe shows stable mid-single-digit growth, driven by grid modernization, battery mandates, and EV support policies
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COUNTRY‐SPECIFIC INSIGHTS
Vietnam Opportunity Growth
Vietnam's growing telecom and manufacturing sectors are driving demand for uninterrupted power systems, especially lead-acid and lithium backup batteries in data centers and industrial sites.
Thailand Trends Growth
Thailand's surge in data center investment and renewable energy installations is creating opportunities for local suppliers to deliver reliable industrial battery solutions alongside global players.
Japan Consolidation Updation
Japan remains a hub for battery innovation with companies like GS Yuasa, Hitachi Chemical, and Panasonic deepening collaborations in lithium‐ion and LFP technologies for both grid and motive‐power applications.
South Korea Innovation Opportunity
South Korea is aggressively investing in advanced LFP and cobalt‐free energy storage systems with domestic players such as SK Innovation, supported by government incentives for telecom and utility-scale deployments.
Singapore Benchmarking Trends
Singapore is emerging as a regional prototype center for high-density battery storage solutions in urban infrastructure, with pilot programs integrated into smart‐city and data center projects.
United States Consolidation Trends
In the U.S., Johnson Controls, Enersys, Saft, and Exide dominate. Mergers, partnerships, and scale-ups in lithium energy storage systems for telecom, UPS, and industrial applications remain active strategic themes.
Growth in China Trends
China leads Asia‐Pacific demand with aggressive expansion in lithium battery production and energy storage deployments. Domestic companies are driving batteries for grid support and telecom networks across the region.
Opportunity & Compliance in Europe
European markets (Germany, UK, France) emphasize compliance with EU energy and recycling mandates. Companies pursue partnerships for localized production of lithium and sustainable battery systems to support grid resilience.
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/global-industrial-batteries-market/117220/
Industrial Batteries Market Segment Analysis
by Type
Lithium-Ion Batteries
Nickel-Based Batteries
Lead-Acid Batteries
Solid-State Batteries
Flow Batteries
by End-User
Manufacturing Sector
Telecommunication Sector
Automotive Sector
Renewable Energy Sector
Mergers, Partnerships & Technological Updation
In June 2022, Reliance New Energy (India) acquired Lithium Werks of the Netherlands (specialists in LFP batteries) for USD 61 million, enhancing its industrial battery portfolio
Northvolt sold its industrial battery business in Poland to Scania in early 2025 as part of restructuring post-bankruptcy, highlighting shifts in European battery supply strategy .
Key Recent Developments
Global battery deployments have doubled recently but must accelerate sixfold to meet clean energy transition goals, according to the International Energy Agency
Lithium supply consolidation continues: Rio Tinto's USD 6.7B acquisition of Arcadium Lithium underscores strategic positioning in critical battery metals for long-term energy storage scalability
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