Growth Drivers of Industrial Battery Market 2016-26 Business Evaluation with Trends and Opportunities

The global industrial battery market is expected to reach USD 15.2 billion in 2026, growing at a CAGR of 6.5% during the forecast period.

Fremont, United States - September 12, 2019 /MarketersMedia/ —

Rising demand from energy storage and stationary applications and increasing demand for industrial batteries in end-user industries are expected to drive the growth of the industrial battery market.

The industrial battery has high battery capacity and used in industrial applications. The growing demand for electric substation and an increase in demand for lithium-ion batteries in end-user industries. This expected to enhance the production to meet the growing consumption of industrial battery over the forecast period.

GET FREE SAMPLE @ https://www.alltheresearch.com/sample-request/183

Rising renewable energy integration, declining lithium-ion battery prices, government subsidies and incentives for clean energy sources, and uninterruptable power supply is the main drivers for the market growth of the global industrial battery market over the forecast period. Furthermore, the demand for industrial batteries is expected to witness a significant growth over the forecast period due to surging electrification industry. Moreover, the uninterrupted electric energy in the developing countries and increase in demand for industrial battery from data centers and telecom companies is expected to enhance the market size. This also expected to open investment opportunities in the global market for the manufacturers in the coming years.

However, volatile prices of raw materials, stringent government regulations regarding use of toxic organic chemicals, and the risk of battery explosion are expected to hamper the growth of the global industrial battery market during the forecast period. Moreover, low power density and growing substitutes of the industrial battery such as chemical energy storage, compressed energy storage, pumped hydro technology are the prime challenges in the global industrial battery market throughout the forecast period.

Key Findings:

Based on type, the lead-acid segment is expected to dominate the market with nearly 37% share in the global industrial battery market in 2018
Based on application, the telecom & data communication segment accounts of the largest share in the market and is expected to grow at a CAGR of around 7.1% during the forecast period.
Asia-Pacific accounted for nearly 35% share of the global industrial battery market in 2018

Recent News:

In July 2018, BYD Co Ltd. inked partnership agreement with Changan Automobile to jointly manufacture electric vehicles batteries. This agreement helps the company for market development and new product development.
In May 2019, Samsung SDI Co showcased its new ESS product, a high-capacity 111Ah ESS battery cell, at ‘ees Europe 2019’ under the slogan "Energy for the Next" which means preparing the next generation of ESS with enhanced energy.
In September 2017, Panasonic Corporation started production of automotive lithium-ion batteries at a factory in Himeji, Hyogo Prefecture, and expanded its domestic production capacity owing to its increasing demand for such batteries.

FOR MORE CUSTOMIZATION VISIT https://www.alltheresearch.com/customization/183

ABOUT ALLTHERESEARCH:

AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. As a leading market research provider, the firm empowers its global clients with business-critical research solutions. The outcome of our study of numerous companies that rely on market research and consulting data for their decision-making made us realise, that it’s not just sheer data-points, but the right analysis that creates a difference.

 

Contact Info:
Name: Rohit B.
Email: Send Email
Organization: AllTheResearch
Address: 39180 Liberty Street Suite 110, Fremont, CA 94538, USA
Phone: 8886916870
Website: https://www.alltheresearch.com

Source URL: https://marketersmedia.com/growth-drivers-of-industrial-battery-market-2016-26-business-evaluation-with-trends-and-opportunities/88918272

Source: MarketersMedia

Release ID: 88918272

Latest News

The Latest: British PM questions Thomas Cook bosses' pay

Sep 23, 2019

LONDON — The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded by the sudden financial collapse of travel company Thomas Cook. He adds Monday that steps needed to be taken so "you don't end up with a situation where the taxpayer, where the state is having to step in and bring people home." Johnson asks "whether it's right that the directors and the board should pay themselves large sums when a company can go down...

AP interview: Colombia to denounce Maduro at UN meeting

Sep 23, 2019

BOGOTA, Colombia — Colombia's president compared Nicolás Maduro to Serbian war criminal Slobodan Milosevic as he goes on a diplomatic offensive to corral the Venezuelan socialist, warning that he would be making a "stupid" mistake if he were to attack his U.S.-backed neighbor. Ivan Duque made the comments in an interview Saturday with The Associated Press before traveling to New York where he is expected to condemn Maduro before the United Nations General Assembly as an abusive autocrat. Duque believes Maduro is not only responsible for the country's humanitarian catastrophe but is also now a threat to regional stability for...

Stocks edge higher; S&P 500 heads for another week of gains

Sep 23, 2019

NEW YORK — U.S. stocks edged higher in early trading on Friday as most sectors of the market posted small gains. The S&P 500 rose 0.3% to 3,014 and is within 12 points of all-time high. The index is headed for a fourth straight weekly gain, even after some volatility during the week caused by volatile oil prices and the Federal Reserve's latest interest rate cut. Health care and technology stocks are leading the gains. Big pharmaceutical companies, including Pfizer and Merck were among the biggest winners. Tech giant Apple also made solid gains. Bank stocks rose as bond yields...

Japan central bank stands pat after Fed rate cut

Sep 23, 2019

TOKYO — Japan's central bank opted Thursday to keep its monetary policy unchanged despite the growing signs of trouble that prompted the Federal Reserve to cut its benchmark rate. The Bank of Japan said in its policy statement that exports, industrial output and business sentiment had been affected by the slowdown in overseas markets. The China-U.S. tariff war has pummeled Japan's exports. But the BOJ said strong corporate profits were supporting business investment. The Federal Reserve reduced its key short-term rate — which influences many consumer and business loans — by a quarter-point to a range of 1.75%-2% on Wednesday....

Democrats push ahead with short-term bill to avoid shutdown

Sep 23, 2019

WASHINGTON — Democrats controlling the House are steering clear of controversy in a short-term, government-wide spending measure that's needed to prevent a government shutdown at the end of September. House Speaker Nancy Pelosi has agreed to a White House request to replenish funds for bailout payments to farmers absorbing heavy losses as a result of President Donald Trump's trade battles with China. She has also rejected suggestions from House liberals to try to use the must-pass stopgap measure to try to reverse the president's controversial moves to raid military base construction projects to pay for the border wall, The temporary...

Broaden News
Search

Manage The Numbers is the world’s fastest-growing finance news website, featuring the latest money and market news, along with in-depth analysis so you can make the best decision.

Contact us: sales@managethenumbers.com

Subscribe to our newsletter!

Name

Email