South Korea Industrial Batteries Market Size & Outlook

The industrial batteries market in South Korea is expected to reach a projected revenue of US$ 1,035.6 million by 2030. A compound annual growth rate of 7.7% is expected of South Korea industrial batteries market from 2025 to 2030.
Revenue, 2024 (US$M)
$669.4
Forecast, 2030 (US$M)
$1,035.6
CAGR, 2025 - 2030
7.7%
Report Coverage
South Korea

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South Korea industrial batteries market, 2018-2030 (US$M)

South Korea industrial batteries market, 2018-2030 (US$M)

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South Korea industrial batteries market highlights

  • The South Korea industrial batteries market generated a revenue of USD 669.4 million in 2024 and is expected to reach USD 1,035.6 million by 2030.
  • The South Korea market is expected to grow at a CAGR of 7.7% 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.


Industrial batteries market data book summary

Market revenue in 2024USD 669.4 million
Market revenue in 2030USD 1,035.6 million
Growth rate7.7% (CAGR from 2025 to 2030)
Largest segmentLead-acid
Fastest growing segmentLithium-Based
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLead-Acid, Lithium-Based, Lithium-BasedaOthers


Other key industry trends

  • In terms of revenue, South Korea accounted for 3.0% of the global industrial batteries market in 2024.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China industrial batteries market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,985.3 million by 2030.

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Industrial Batteries Market Companies

Name Profile # Employees HQ Website
Smiths Interconnect View profile 10001+ Thousand Oaks, California, United States, North America http://www.smithsinterconnect.com
NorthStar Battery View profile 501-1000 Springfield, Missouri, United States, North America https://www.northstarbattery.com/
Robert Bosch GmbH View profile - - -
C&D Technologies View profile 501-1000 Horsham, Pennsylvania, United States, North America http://www.cdtechno.com
Exide Technologies View profile 10001+ Georgia, Louisiana, United States, North America http://www.exide.com
Saft View profile 1001-5000 Bagnolet, Ile-de-France, France, Europe http://www.saftbatteries.com
EnerSys View profile 10797 2366 Bernville Road, Reading, PA, United States, 19605 https://www.enersys.com
East Penn Manufacturing Co View profile 10001+ Lyon Station, Pennsylvania, United States, North America https://www.eastpennmanufacturing.com/
GS Yuasa Corp View profile 17031 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan, 601-8520 http://www.gs-yuasa.com
Schneider Electric SE View profile 162339 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 https://www.se.com
Johnson Controls International PLC View profile 102000 One Albert Quay, Cork, Ireland, T12 X8N6 https://www.johnsoncontrols.com

South Korea 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 49.39% in 2024. Horizon Databook has segmented the South Korea industrial batteries market based on lead-acid, lithium-based, lithium-basedaothers covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea industrial batteries market , including forecasts for subscribers. This country databook contains high-level insights into South Korea industrial batteries market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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South Korea industrial batteries market size, by type, 2018-2030 (US$M)

South Korea Industrial Batteries Market Outlook Share, 2024 & 2030 (US$M)

South Korea industrial batteries market size, by type, 2018-2030 (US$M)

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