Industrial Batteries Market: Global Industry Research Report 2020-2027 | Envisage Research

Industrial Batteries Market - By battery type (Lead-Acid, Lithium-Based, Others) By end-user (Motive Power, Telecom & Data Communication, Uninterruptible Power Supply UPS/Backup, Grid-Level Energy Storage) and By region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America)

Published Date: May 2021

No. of Pages: 183

Status: Published

Report Code: EMR100543

The global industrial batteries market size was valued at USD 18.23 billion in 2020 and is expected to grow at USD 28.35 billion in 2027 at a compound annual growth rate (CAGR) of 6.3% from 2021 to 2027. Rising demand for back-up power in the industrial sector coupled with demand for batteries in grid-level energy storage application is driving the market growth. In addition, extensive usage of these batteries in various applications, such as UPS and motive power, is anticipated to fuel the market expansion. The U.S. accounted for the largest market share in 2019 in the North America regional market and the trend is projected to continue over the forecast period on account of growing product application scope in telecom & data communications, uninterruptible power supply (ups) and others.

Moreover, the strong presence of major manufactures, such as Exide, Johnson Controls, and Odyssey, in the U.S. is expected to promote market growth in the region over the forecast period. Rising demand for forklift in U.S. and Canada on account of growing manufacturing industry coupled with an increasing number of warehouses will also augment the market growth as lead-acid batteries are used on a large scale for motive power applications, such as forklift in the manufacturing industry.

Favorable government policies for infrastructural development at domestic level through the National Infrastructural Plan (NIP), is expected to promote UPS market growth over the forecast period, which in turn will increase the demand for industrial batteries. However, high capital cost coupled with safety issues related to battery charging and disposal of lead-acid batteries is expected to restrict the market growth to some extent.

Key players are: Johnson Controls, Inc.; Exide Technologies, Inc.; Enersys, Inc.; Saft Groupe S.A.; GS Yuasa Corp.; Northstar Battery Company LLC; C&D Technologies, Inc.; Robert Bosch GmbH; East Penn Manufacturing Co.

Analyst Commentary

Lead-acid battery accounted for the largest share of over 47% in 2019 and is estimated to be the dominant segment in the forecast period. Lead-acid batteries find application in Uninterruptible Power Supply (UPS) systems as they provide high power density and enhanced life expectancy. A UPS system is electrical equipment that provides power supply when the main power or input power sources fail. The high electric manageability of lead-acid batteries is expected to fuel the segment growth over the forecast period.

They are also used in motive industry applications including forklifts on account of their low cost, reliability, and well-established supply chain. Rapid industrialization and a growing number of manufacturing units are expected to propel the segment growth in the future. Expansion of warehouse space, growing e-commerce sector, and high demand for forklift truck replacement along with growing investments by players in emerging economies are also expected to augment segment growth over the next eight years.

Lithium-based product segment is estimated to register the highest CAGR during the forecast period. Lithium-ion batteries are utilized in numerous industrial applications, such as UPS systems, industrial automation systems, and grid-level storage systems. The demand for renewable sources of energy is increasing owing to the depletion of fossil fuel and environmental pollution caused by non-renewable sources. Renewable sources, such as wind and solar, produce variable power and need to be converted into storable forms. Energy Storage Systems (ESS) aid in storing these renewable energy sources for further usage. Thus, increasing usage of ESS is expected to boost the demand for lithium-ion-based batteries over the forecast period.

Motive power emerged as the largest segment in 2019 accounting for over 33% of the global share. The segment will retain its leading position throughout the forecast period due to the wide scope of product application in motive industry applications including forklifts.

Rapid industrialization and a growing number of manufacturing units are expected to propel the segment growth further. In addition, the expansion of warehouse spaces, growing e-commerce sector, and rising demand for forklift truck replacement will support the segment growth over the next eight years.

The grid-level energy storage segment is projected to register the fastest CAGR of over 9% during the forecast period. The growth of the global energy storage systems market is estimated to amplify the consumption of industrial batteries over the next couple of years. Grid energy storage systems are expected to compete with traditional or conventional power generation, transmission & distribution systems.

As the growth of this industry gains momentum, new types of business models are expected to be invented and adopted by manufacturers to implement and operate storage assets. This is estimated to further impact the operational ability thus allowing grids to work in a more reliable and cost-effective manner by employing industrial batteries.

Segmentation

The Industrial batteries market is segmented on the basis of battery type, end-user and region. On the basis of battery type Lead-Acid, Lithium-Based, and Others. On the basis of end-user Motive Power, Telecom & Data Communication, Uninterruptible Power Supply (UPS)/Backup, Grid-Level Energy Storage.

Regional Analysis

Asia Pacific was the leading regional market in 2019 and accounted for over 34% of the global share. It is also estimated to be the fastest-growing regional market over the forecast period owing to a strong industrial base and rise in civil infrastructure activities, especially in China, India, Australia, and several Southeast Asian. Various initiatives by the Indian government are encouraging industrial establishments in the country, which is anticipated to drive the demand for industrial batteries over the forecast period.
Developing economies in the region have witnessed strong growth in industrial and commercial sectors including IT, telecom, and others, resulting in high demand for industrial batteries for back-up power in these facilities.

North America is projected to be the second-largest regional market wherein the U.S. is the major contributor. This is attributed to the strong presence of key manufactures, such as Exide, Johnson Controls, and Odyssey, in U.S. Robust manufacturing base and rapid growth of the automotive industry in the U.S. will augment the demand for industrial vehicles, such as a battery-operated forklift, which will drive the demand for industrial batteries over the upcoming years.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Sources
2.3.1. Secondary Sources
2.3.1.1. Preliminary data mining
2.3.2. Primary Sources
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Engine Powered of Suppliers
3.7.2. Bargaining Engine Powered of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Squalene Market
Chapter 5. Global Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
5.1. Global Squalene Market Share, By Source, 2015 - 2027 (USD Million)
5.1.1. Cosmetics
5.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Skin care
5.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Hair care
5.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.4. Fragrance
5.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.5. Food supplements
5.1.5.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.5.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
5.1.6. Health care
5.1.6.1. Market Size and Projections, 2015 - 2027 (USD Million)
5.1.6.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Squalene Market Overview, By End User, 2015 - 2027 (USD Million)
6.1. Global Squalene Market Share, By End User, 2015 - 2027 (USD Million)
6.1.1. Synthetic biotechnology
6.1.1.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.1.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.2. Vegetable
6.1.2.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.2.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.3. Shark liver
6.1.3.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.3.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
6.1.4. Others
6.1.4.1. Market Size and Projections, 2015 - 2027 (USD Million)
6.1.4.2. Market Size and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 7. Global Squalene Market Overview, By Geography, 2015 - 2027 (USD Million)
7.1. Global Squalene Market Share, By Geography, 2015 - 2027 (USD Million)
7.1.1. Market Size and projections, by Countries, 2015 - 2027 (USD Million)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 & 2027 (%)
Chapter 8. North America Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1. North America Squalene Market Overview, 2015 - 2027 (USD Million)
8.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.2. North America Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
8.1.3. North America Squalene Market Overview, By End User, 2015 - 2027 (USD Million)
8.1.4. North America Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.4.1. U.S. Squalene Market Overview, 2015 - 2027 (USD Million)
8.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.1.2. U.S. Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
8.1.4.1.3. Other Segments
8.1.4.2. Canada Squalene Market Overview, 2015 - 2027 (USD Million)
8.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.2.2. Canada Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
8.1.4.2.3. Other Segments
8.1.4.3. Mexico Squalene Market Overview, 2015 - 2027 (USD Million)
8.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
8.1.4.3.2. Mexico Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
8.1.4.3.3. Other Segments
Chapter 9. Europe Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1. Europe Squalene Market Overview, 2015 - 2027 (USD Million)
9.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.2. Europe Squalene Market Overview, By Sources, 2015 - 2027 (USD Million)
9.1.3. Europe Squalene Market Overview, By End User, 2015 - 2027 (USD Million)
9.1.4. Europe Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.4.1. Germany
9.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.1.2. Germany Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
9.1.4.1.3. Others Segments
9.1.4.2. France
9.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.2.2. France Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
9.1.4.2.3. Others Segments
9.1.4.3. UK
9.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.3.2. UK Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
9.1.4.3.3. Others Segments
9.1.4.4. Italy
9.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.4.2. Italy Squalene Market Overview, By Source 2015 - 2027 (USD Million)
9.1.4.4.3. Others Segments
9.1.4.5. Spain
9.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
9.1.4.5.2. Spain Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
9.1.4.5.3. Others Segments
9.1.4.6. Rest of Europe
9.1.4.6.1. Market size and projections, 2015 – 2025
9.1.4.6.2. Rest of Europe Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
9.1.4.6.3. Others Segments
Chapter 10. Asia Pacific Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Asia Pacific Squalene Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.2. Asia Pacific Squalene Market Overview, By Sources, 2015 - 2027 (USD Million)
10.1.3. Asia Pacific Squalene Market Overview, By End User, 2015 - 2027 (USD Million)
10.1.4. Asia Pacific Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.4.1. India
10.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.1.2. India Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
10.1.4.1.3. Other Segments
10.1.4.2. China
10.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.2.2. China Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
10.1.4.2.3. Other Segments
10.1.4.3. Japan
10.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.3.2. Japan Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
10.1.4.3.3. Other Segments
10.1.4.4. South Korea
10.1.4.4.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.4.2. South Korea Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
10.1.4.4.3. Other Segments
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market size and projections, 2015 - 2027 (USD Million)
10.1.4.5.2. Rest of Asia Pacific Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
10.1.4.5.3. Other Segments
Chapter 11. Middle East & Africa Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. Middle East & Africa Squalene Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.2. Middle East & Africa Squalene Market Overview, By Sources, 2015 - 2027 (USD Million)
11.1.3. Middle East & Africa Squalene Market Overview, By End User, 2015 - 2027 (USD Million)
11.1.4. Middle East & Africa Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1.4.1. GCC
11.1.4.1.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.1.2. GCC Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
11.1.4.1.3. Other Segments
11.1.4.2. South Africa
11.1.4.2.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.2.2. South Africa Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
11.1.4.2.3. Other Segments
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market size and projections, 2015 - 2027 (USD Million)
11.1.4.3.2. Rest of Middle East & Africa Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
11.1.4.3.3. Other Segments
Chapter 12. South America Squalene Market Overview, By Countries, 2015 - 2027 (USD Million)
12.1. South America Squalene Market Overview, 2015 - 2027 (USD Million)
12.1.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.2. South America Squalene Market Overview, By Sources, 2015 - 2027 (USD Million)
12.1.3. South America Squalene Market Overview, By End User, 2015 - 2027 (USD Million)
12.1.4. South America Squalene Market Overview, By Countries, 2015- 2026 (USD Million)
12.1.5. Brazil
12.1.5.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.5.2. Brazil Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
12.1.5.3. Other Segments
12.1.6. Argentina
12.1.6.1. Market size and projections, 2015 - 2027 (USD Million)
12.1.6.2. Argentina Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
12.1.6.3. Other Segments
12.1.7. Rest of South America
12.1.7.1. Market size and projections, 2015 – 2027
12.1.7.2. Rest of South America Squalene Market Overview, By Source, 2015 - 2027 (USD Million)
12.1.7.3. Other Segments
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2020
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New Distribution channel development
Chapter 14. Key Vendor Analysis
14.1. Sophim
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Distribution channel Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. Amyris
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Distribution channel Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. Arista Industries
14.4. Sea Dragon marine Oils Limited
14.5. Nucelis LLC
Chapter 15. Squalene Market Cost Analysis
15.1. Squalene Market Key Raw Material Analysis
15.1.1. Key Raw Material
15.1.2. Price Trend of Key Raw Material
15.1.3. Key Suppliers of Raw Material
15.1.4. Market Concentration Rate of Raw Material
Chapter 16. Industrial Chain, Sourcing Strategy and Downstream Buyers
16.1. Squalene Market Industrial Chain Analysis
16.2. Upstream Raw Material Sourcing
16.3. Raw Material Source of Squalene Market Major Manufacturers in 2021
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Client
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Distribution channel
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer

List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Engine Powered of Suppliers
5. Engine Powered of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Squalene Market share, By Sources, 2020 & 2027 (%)
10. Global Squalene Market share, by Cosmetics, By Sources, 2020 & 2027 (USD Million)
11. Global Squalene Market share, by Skin care, By Sources, 2020 & 2027 (USD Million)
12. Global Squalene Market share, By Hair care, By Sources 2020 & 2027 (USD Million)
13. Global Squalene Market share, By fragrance, By Sources 2020 & 2027 (USD Million)
14. Global Squalene Market share, By food supplements, By Sources 2020 & 2027 (USD Million)
15. Global Squalene Market share, By health care, By Sources 2020 & 2027 (USD Million)
16. Global Squalene Market share, By End User, 2020 & 2027 (%)
17. Global Squalene Market share, by Vegetable, By End User, 2020 & 2027 (USD Million)
18. Global Squalene Market share, by Synthetic biotechnology, By End User, 2020 & 2027 (USD Million)
19. Global Squalene Market share, by Vegetable, By End User, 2020 & 2027 (USD Million)
20. Global Squalene Market share, by Shark liver, By End User, 2020 & 2027 (USD Million)
21. Global Squalene Market share, by Region, 2020 & 2027 (%)
22. Global Squalene Market share, by region, 2020 - 2027(USD Million)
23. North America Squalene Market, 2020 - 2027(USD Million)
24. North America Squalene Market share, by Countries, 2020 & 2027 (%)
25. U.S. Squalene Market, 2020 - 2027(USD Million)
26. Canada Squalene Market, 2020 - 2027(USD Million)
27. Europe Squalene Market, 2020 - 2027(USD Million)
28. Europe Squalene Market share, by Countries, 2020 & 2027 (%)
29. Spain Squalene Market, 2020 - 2027(USD Million)
30. UK Squalene Market, 2020 - 2027(USD Million)
31. Italy Squalene Market, 2020 - 2027(USD Million)
32. Germany Squalene Market, 2020 - 2027(USD Million)
33. France Squalene Market, 2020 - 2027(USD Million)
34. Rest of Europe Squalene Market, 2020 - 2027(USD Million)
35. Asia-Pacific Squalene Market, 2020 - 2027(USD Million)
36. Asia-Pacific Squalene Market share, by Countries, 2020 & 2027 (%)
37. China Squalene Market, 2020 - 2027(USD Million)
38. India Squalene Market, 2020 - 2027(USD Million)
39. Australia Squalene Market, 2020 - 2027(USD Million)
40. Japan Squalene Market, 2020 - 2027(USD Million)
41. Rest of Asia-Pacific Squalene Market, 2020 - 2027(USD Million)
42. Middle East & Africa Squalene Market, 2020 - 2027(USD Million)
43. Middle East & Africa Squalene Market share, by Countries, 2020 & 2027 (%)
44. GCC Squalene Market, 2020 - 2027(USD Million)
45. South Africa Squalene Market, 2020 - 2027(USD Million)
46. Rest Of Middle East & Africa Squalene Market, 2020 - 2027(USD Million)
47. South America Squalene Market, 2020 - 2027(USD Million)
48. Brazil Squalene Market, 2020 - 2027(USD Million)
49. Mexico Squalene Market, 2020 - 2027(USD Million)
50. Argentina Squalene Market, 2020 - 2027(USD Million)
51. Rest Of South America Squalene Market, 2020 - 2027(USD Million)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Squalene Market, 2020-2027 (USD Million)
4. Squalene requirement, by country, 2020-2027, (USD Million)
5. North America Squalene Market, By Source, 2020-2027 (USD Million)
6. North America Squalene Market, By End User, 2020-2027 (USD Million)
7. Europe Squalene Market, By Sources, 2020-2027 (USD Million)
8. Europe Squalene Market, By End User, 2020-2027 (USD Million)
9. Asia Pacific Squalene Market, By Sources, 2020-2027 (USD Million)
10. Asia Pacific Squalene Market, By End User, 2020-2027 (USD Million)
11. Middle East & Africa Squalene Market, By Sources, 2020-2027 (USD Million)
12. Middle East & Africa Squalene Market, By End User, 2020-2027 (USD Million)
13. South America Squalene Market, By Sources, 2020-2027 (USD Million)
14. South America Squalene Market, By End User, 2020-2027 (USD Million)
15. Global Squalene Market, Company Market Share, 2020 & 2027(%)
16. Sophim: Product Benchmarking
17. Amyris: Financial Performance
18. Arista Industries: Product Benchmarking
19. Sea dragon marine Oils Limited: Financial Performance
20. Nucelis LLC: Product Benchmarking
21. Green Health Limited: Financial Performance
22. Kishimoto Special Liver Oil Limited: Product Benchmarking
23. Lda(Portugal): Financial Performance

The Leading Key Players in Industrial Batteries Market

Johnson Controls Inc.
Exide Technologies Inc.
Enersys Inc.
Saft Groupe S.A.
GS Yuasa Corp.
Northstar Battery Company LLC
C&D Technologies Inc.
Robert Bosch GmbH
East Penn Manufacturing Co.