Global Industrial Batteries Market Size & Outlook
Global industrial batteries market, 2018-2030 (US$M)
Related Markets
Global industrial batteries market highlights
- The global industrial batteries market generated a revenue of USD 22,442.2 million in 2024 and is expected to reach USD 34,571.8 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 7.6% by 2030.
- In terms of segment, lead-acid accounted for a revenue of USD 11,380.3 million in 2024.
- Lithium-Based is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 22,442.2 million |
| Market revenue in 2030 | USD 34,571.8 million |
| Growth rate | 7.6% (CAGR from 2025 to 2030) |
| Largest segment | Lead-acid |
| Fastest growing segment | Lithium-Based |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead-Acid, Lithium-Based, Lithium-BasedaOthers |
Other key industry trends
- In terms of revenue, the North America accounted for 26.2% of the global industrial batteries market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 5,985.3 million by 2030.
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Industrial Batteries Market Scope
Industrial Batteries Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global industrial batteries market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial batteries market will help companies and investors design strategic landscapes.
Lead-acid was the largest segment with a revenue share of 50.71% in 2024. Horizon Databook has segmented the Global industrial batteries market based on lead-acid, lithium-based, lithium-basedaothers covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Industrial Batteries Type Outlook (Revenue, USD Million, 2018-2030)
- Lead-Acid
- Lithium-Based
- Lithium-BasedaOthers
- Global Industrial Batteries Application Outlook (Revenue, USD Million, 2018-2030)
- Motive Power
- Telecom & Data Communication
- Uninterruptible Power Supply (UPS)/Backup
- Grid-Level Energy Storage
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Target buyers of Global industrial batteries market databook
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Our clientele includes a mix of industrial batteries market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global industrial batteries market , including forecasts for subscribers. This global databook contains high-level insights into Global industrial batteries market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global industrial batteries market size, by regions, 2018-2030 (US$M)
Top 10 countries: Industrial batteries market size, 2024 (US$M)
Global industrial batteries market share, by type, 2024 & 2030 (%, US$M)
Industrial batteries market: Opportunity assessment by country
Global industrial batteries market, by region, 2024 (US$M)
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