Press release
Industrial Batteries Market Segments, Opportunity, Growth and Forecast To 2021
Industrial Batteries Market
The industrial batteries market is projected to reach USD 10.84 billion by 2021, at a CAGR of 6.5% between 2016 and 2021. The rising demand for grid-connected solutions, government incentives for the use of green and clean energy, and recyclability of the batteries are expected to propel the growth of the market.
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Telecom & data communication was the largest segment of the industrial batteries market in 2015, and is projected to be the fastest-growing segment from 2016 to 2021. The growth of this segment can be mainly attributed to the growth in the telecom industry and increasing demand for high efficiency power backup.
Based on type, lead-acid batteries was the largest segment of the industrial batteries market in 2015. Lithium-based batteries is expected to be the fastest-growing segment of the market, since these batteries are rapidly being adopted owing to their increased life, recyclability, and low emission.
Profile break-up of primary participants for the report:
• By Company Type - Tier 1 – 40 %, Tier 2 – 25%, Tier 3 – 35%
• By Designation – C level – 35%, Director level – 40%, Others – 25%
• By Region – North America - 25%, Europe – 20%, Asia-Pacific – 40%, Middle East & Africa – 10%, Central & South America – 5%
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Key Points From Table Of Content:
Industrial Batteries Market, By End-User Industry
• Introduction
• Market Size & Projection
• Telecom & Data Communication
• Uninterruptible Power Supply (UPS)/Backup
• Grid-Level Energy Storage
• Industrial Equipment
• Others
Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
• Johnson Controls Inc.
• Exide Technologies Inc.
• Enersys Inc.
• Saft Groupe S.A.
• GS Yuasa Corporation
• Northstar Battery Company LLC
• C&D Technologies, Inc.
• Robert Bosch GmbH
• East Penn Manufacturing Company
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