Asia Pacific Industrial Batteries Market Size & Outlook
Asia Pacific industrial batteries market, 2018-2030 (US$M)
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Asia Pacific industrial batteries market highlights
- The Asia Pacific industrial batteries market generated a revenue of USD 8,019.5 million in 2024.
- The market is expected to grow at a CAGR of 8.4% from 2025 to 2030.
- In terms of segment, lead-acid was the largest revenue generating type in 2024.
- Lithium-Based is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 8,019.5 million |
| Market revenue in 2030 | USD 12,896.2 million |
| Growth rate | 8.4% (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, Asia Pacific region accounted for 35.7% of the global industrial batteries market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,896.2 million by 2030.
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Industrial Batteries Market Scope
Industrial Batteries Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 48.08% in 2024. Horizon Databook has segmented the Asia Pacific industrial batteries market based on lead-acid, lithium-based, lithium-basedaothers covering the revenue growth of each sub-segment from 2018 to 2030.
The growth is attributed to the escalating demand from renewable energy sectors, electric vehicle adoption, and expanding data center infrastructure. In addition, technological advancements, declining lithium-ion battery prices, and government policies supporting clean energy transition are propelling market expansion.
Furthermore, the region's strong manufacturing base, increasing investments in grid-level energy storage, and rapid industrialization in countries such as China, India, and Japan are creating substantial opportunities for industrial battery manufacturers.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific industrial batteries market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific industrial batteries market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific industrial batteries market size, by country, 2018-2030 (US$M)
Asia Pacific Industrial Batteries Market Outlook Share, 2024 & 2030 (US$M)
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