産業用電池市場 : 2029年までの世界予測

Industrial Batteries Market - Global Forecast to 2029

産業用電池市場 : バッテリーの種類 (鉛酸、リチウムイオン)、最終用途産業 (定置型、動力)、地域 (北米、アジア太平洋、ヨーロッパ、中東&アフリカ、南米) - 2029年までの世界予測
Industrial Batteries Market by Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) - Global Forecast to 2029
出版年月2024年7月
ページ数242
図表数279
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The industrial batteries market is projected to grow from USD 21.2 billion in 2024 to USD 34.7 billion by 2029, at a CAGR of 10.3 % during the forecast period.

産業用電池市場は、2024年の212億米ドルから2029年までに347億米ドルに、予測期間中に10.3%のCAGRで成長すると予測されています。

産業用電池市場 : 2029年までの世界予測

The market for industrial batteries is anticipated to expand at a modest rate due to factors including the growing use of lithium-ion batteries in the renewable energy sector and the continuous modernization of the grid, which is driving up demand for grid energy storage systems. The market expansion for industrial batteries is being hampered by the availability of inexpensive alternatives as well as problems with the storage and transportation of spent or used batteries.

“Lead-acid battery segment is estimated to lead the Industrial batteries market during the forecast period”

In terms of battery type, the lead-acid battery held the most market share for industrial batteries overall. lead-acid batteries have significant demand in cars. The batteries can be quickly charged and have a low rate of discharge. Another benefit these batteries have over conventional batteries is that they can withstand being overcharged. Lead-acid batteries have a 95% recyclable content. Lead-acid batteries have several benefits and can be recycled, which is why the market for them is always expanding.

産業用電池市場 : 2029年までの世界予測 ecosystem

“The stationary end-use industry is estimated to dominate the Industrial batteries market during the forecast period”

In terms of end-use industries, the Industrial batteries market as a whole is anticipated to lead by the stationary segment during the forecast period in terms of value. Applications for stationary industrial batteries include emergency power, telephony, UPS, and grid level systems. These batteries are shallow-cycle cells by nature, meant to be mostly kept near full charge for the duration of their lives, with sporadic deep discharges. Utilities as well as the commercial and residential sectors use these batteries in static applications.

“North America projected to account for the largest share in the Industrial batteries market during the forecast period”

Over the course of the forecast period, North America is anticipated to have the most share of the industrial batteries market. Installing and supplying industrial batteries-based energy storage systems is the primary emphasis of important firms in the region, including Tesla, Inc., ABB, General Electric, and Honeywell. The US Energy Information Administration reports that US power systems are gradually implementing large-scale industrial batteries. Lithium-ion batteries accounted for largest share of US industrial battery power capacity and the country is expected to account for a significant market share in the near future as it is home to various players.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 – 65%, Tier 2 – 20%, and Tier 3 – 15%
  • By Designation: C-level– 25%, Director Level– 30%, and Others – 45%
  • By RegionD: North America – 30%, Europe – 20%, Asia Pacific – 40%, Middle East & Africa 7%, and South America 3%.

産業用電池市場 : 2029年までの世界予測 region

C&D Technologies, Inc. (US), Enersys (US), GS Yuasa International Ltd. (Japan), Exide Industries Ltd. (India), East Penn Manufacturing Company (US), Crown Batteries (US), Samsung SDI Co., Ltd. (South Korea), Leoch International Technology Limited Inc (China), LG Chem (South Korea), are some of the major players operating in the industrial batteries market. These players have adopted strategies such as agreement, partnerships, expansions, and acquisitions in order to increase their market share business revenue.

Research Coverage:

The report defines, segments, and projects the industrial batteries market based on battery type, end-use industry, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and challenges. It strategically profiles, Industrial batteries manufacturers and comprehensively analyses their market shares and core competencies as well as tracks and analyzes competitive developments, such as expansions, joint ventures, agreements, and acquisitions, undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the Industrial batteries Market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (increasing demand for grid energy storage systems owing to ongoing grid modernization, and rising adoption of lithium-ion batteries in renewable energy sector), restraints (availability of low cost substitutes, and issues related to transportation and storage of used or spent batteries), opportunities (advancement in telecommunication sector, and increasing battery innovation initiatives by established players), and challenges (limited usage and overheating issues of industrial batteries, and disruptions in supply chain due to Covid-19 pandemic) influencing the growth of the Industrial batteries Market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the Industrial batteries Market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the Industrial batteries Market across varied regions.
  • Market Diversification: Exhaustive information about new products, various types, untapped geographies, recent developments, and investments in the Industrial batteries Market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and product offerings of leading players such as Enersys (US), C&D Technologies, Inc. (US), GS Yuasa International Ltd. (Japan), Exide Industries Ltd. (India), Leoch International Technology Limited Inc (China) and others in the Industrial batteries Market.

Table of Contents

1            INTRODUCTION            23

1.1         STUDY OBJECTIVES      23

1.2         COMPETITIVE INTELLIGENCE 23

1.3         MARKET DEFINITION   24

1.3.1      INCLUSIONS AND EXCLUSIONS 24

1.4         MARKET SCOPE             24

1.4.1      REGIONAL SCOPE         25

1.4.2      YEARS CONSIDERED     25

1.4.3      CURRENCY CONSIDERED          26

1.5         LIMITATIONS   26

1.6         STAKEHOLDERS            26

1.7         SUMMARY OF CHANGES            27

2            RESEARCH METHODOLOGY     28

2.1         RESEARCH DATA           28

2.1.1      SECONDARY DATA       29

2.1.1.1   Key data from secondary sources     29

2.1.2      PRIMARY DATA 29

2.1.2.1   Key data from primary sources         30

2.1.2.2   Breakdown of primary interviews     30

2.2         MATRIX CONSIDERED FOR DEMAND-SIDE ANALYSIS    31

2.3         MARKET SIZE ESTIMATION       31

2.3.1      BOTTOM-UP APPROACH           32

2.3.2      TOP-DOWN APPROACH             32

2.3.2.1   Calculations for supply-side analysis 34

2.4         GROWTH RATE ASSUMPTIONS/GROWTH FORECAST    34

2.5         DATA TRIANGULATION             35

2.6         IMPACT OF RECESSION 36

2.7         KEY ASSUMPTIONS WHILE CALCULATING DEMAND- SIDE MARKET SIZE      36

2.8         RESEARCH LIMITATIONS           36

2.9         RISK ANALYSIS 37

3            EXECUTIVE SUMMARY 38

4            PREMIUM INSIGHTS      41

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INDUSTRIAL BATTERIES MARKET     41

4.2         INDUSTRIAL BATTERIES MARKET, BY REGION  41

4.3         INDUSTRIAL BATTERIES MARKET, BY MAJOR COUNTRIES         42

5            MARKET OVERVIEW     43

5.1         INTRODUCTION            43

5.2         MARKET DYNAMICS     43

5.2.1      DRIVERS            44

5.2.1.1   Rising adoption of lithium-ion batteries in renewable energy sector         44

5.2.1.2   Increasing demand for grid energy storage systems owing to ongoing grid modernization     45

5.2.2      RESTRAINTS     46

5.2.2.1   Availability of low-cost substitutes   46

5.2.2.2   Issues related to transportation and storage of used or spent batteries      46

5.2.3      OPPORTUNITIES           46

5.2.3.1   Advancements in telecommunications sector 46

5.2.3.2   Increasing battery innovation initiatives by established players  47

5.2.4      CHALLENGES   47

5.2.4.1   Limited usage and overheating        47

5.3         PORTER’S FIVE FORCES ANALYSIS         48

5.3.1      BARGAINING POWER OF SUPPLIERS     48

5.3.2      BARGAINING POWER OF BUYERS           49

5.3.3      THREAT OF NEW ENTRANTS    49

5.3.4      THREAT OF SUBSTITUTES         49

5.3.5      INTENSITY OF COMPETITIVE RIVALRY 49

6            INDUSTRY TRENDS       51

6.1         VALUE CHAIN ANALYSIS            51

6.2         ECOSYSTEM ANALYSIS 52

6.3         PRICING ANALYSIS        53

6.3.1      AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY REGION              53

6.3.2      AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY CHEMISTRY      54

6.4         TARIFF AND REGULATORY LANDSCAPE            54

6.4.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          55

6.5         KEY CONFERENCES AND EVENTS          57

6.6         KEY STAKEHOLDERS AND BUYING CRITERIA    59

6.6.1      KEY STAKEHOLDERS IN BUYING PROCESS         59

6.6.2      BUYING CRITERIA         60

6.7         PATENT ANALYSIS        61

6.7.1      METHODOLOGY           61

6.7.2      MAJOR PATENTS           62

6.8         CASE STUDY ANALYSIS 63

6.8.1      GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM BY NEXCHARGE AND TATA POWER DELHI DISTRIBUTION       63

6.8.2      DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT     63

6.9         TECHNOLOGY ANALYSIS           63

6.9.1      KEY TECHNOLOGIES    64

6.9.1.1   Lithium metal battery        64

6.9.1.2   Sodium-sulfur batteries     64

6.9.1.3   Metal-air batteries             64

6.9.1.4   Liquid-metal batteries       64

6.9.2      ADJACENT TECHNOLOGIES      65

6.9.2.1   Modern off-grid technology             65

6.10       TRADE ANALYSIS          65

6.10.1    IMPORT DATA 65

6.10.2    EXPORT DATA 66

6.11       TRENDS/ DISRUPTIONS IMPACTING CUSTOMER BUSINESS       66

6.12       INVESTMENT AND FUNDING SCENARIO            67

7            INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE   68

7.1         INTRODUCTION            69

7.2         LEAD-ACID       70

7.2.1      INCREASING ADOPTION IN GRID ENERGY STORAGE TO DRIVE GROWTH          70

7.3         LITHIUM-ION   73

7.3.1      DECREASE IN PRICES TO DRIVE GROWTH         73

7.4         OTHERS             77

8            INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY        81

8.1         INTRODUCTION            82

8.2         STATIONARY BATTERY 83

8.2.1      INCREASING GRID-LEVEL APPLICATIONS TO DRIVE GROWTH 83

8.2.2      TELECOMMUNICATIONS          84

8.2.3      UNINTERRUPTIBLE POWER SUPPLY     85

8.2.4      GRID LEVEL      85

8.3         MOTIVE BATTERY         85

8.3.1      EFFICIENT STORAGE OF ELECTRICITY FROM RENEWABLE ENERGY SOURCES TO DRIVE GROWTH  85

8.3.2      LOW-SPEED ELECTRIC VEHICLE            87

8.3.3      FLOOR SCRUBBER         88

8.3.4      MATERIAL HANDLING 88

8.3.5      MARINE             88

8.3.6      RECREATIONAL VEHICLE          88

9            INDUSTRIAL BATTERIES MARKET, BY REGION  89

9.1         INTRODUCTION            90

9.2         NORTH AMERICA          92

9.2.1      US         95

9.2.1.1   Increasing demand for batteries in grid-level energy storage to drive growth              95

9.2.2      CANADA            96

9.2.2.1   Innovations in grid-connected solutions to drive growth            96

9.2.3      MEXICO             97

9.2.3.1   Expansion of domestic automotive sector to drive growth           97

9.3         ASIA PACIFIC    98

9.3.1      CHINA  101

9.3.1.1   Increasing production of electric vehicles to drive growth           101

9.3.2      JAPAN  102

9.3.2.1   Expansion of R&D resources by battery giants to drive growth   102

9.3.3      INDIA   103

9.3.3.1   Rising adoption of electric vehicles to drive growth      103

9.3.4      REST OF ASIA PACIFIC  104

9.4         EUROPE             105

9.4.1      GERMANY         108

9.4.1.1   Increasing expansion of residential energy storage sector to drive growth 108

9.4.2      UK         109

9.4.2.1   Investments in lithium-ion battery materials for electric vehicles to drive growth              109

9.4.3      FRANCE             110

9.4.3.1   Diversified electricity production goals to drive growth 110

9.4.4      REST OF EUROPE           111

9.5         MIDDLE EAST & AFRICA             112

9.5.1      GCC      115

9.5.1.1   Saudi Arabia        115

9.5.1.1.1 Government initiatives toward renewable energy sector to drive growth   115

9.5.1.2   UAE      115

9.5.1.2.1 Development of telecom & data communications sector to drive growth  115

9.5.2      SOUTH AFRICA 116

9.5.2.1   Rising demand for portable devices to drive growth     116

9.5.3      REST OF MIDDLE EAST & AFRICA           117

9.6         SOUTH AMERICA           118

9.6.1      BRAZIL 121

9.6.1.1   Rising demand for consumer and automotive batteries to drive growth    121

9.6.2      REST OF SOUTH AMERICA         121

10          COMPETITIVE LANDSCAPE       123

10.1       INTRODUCTION            123

10.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          123

10.2.1    OVERVIEW OF STRATEGIES ADOPTED BY KEY MARKET PLAYERS              123

10.3       REVENUE ANALYSIS      124

10.4       MARKET SHARE ANALYSIS         125

10.4.1    MARKET RANKING ANALYSIS   126

10.4.1.1 EnerSys. (US)      126

10.4.1.2 GS Yuasa International Ltd. (Japan) 126

10.4.1.3 Leoch International Technology Limited Inc (China)  127

10.4.1.4 Exide Industries Ltd. (India)            127

10.4.1.5 C&D Technologies, Inc. (US)          127

10.5       BRAND/PRODUCT COMPARISON          128

10.5.1    DATASAFE XE BATTERIES          128

10.5.2    LCT-HP FLOODED BATTERY    128

10.5.3    NP SERIES          128

10.5.4    EXIDE POWERSAFE EHP             128

10.5.5    PU UPS SHORT-TIME BACKUP POWER SERIES   128

10.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   129

10.6.1    STARS  129

10.6.2    EMERGING LEADERS    129

10.6.3    PERVASIVE PLAYERS     129

10.6.4    PARTICIPANTS 129

10.6.5    COMPANY FOOTPRINT 131

10.7       COMPANY EVALUATION MATRIX: START-UP/SMES, 2023           135

10.7.1    PROGRESSIVE COMPANIES       135

10.7.2    RESPONSIVE COMPANIES          135

10.7.3    DYNAMIC COMPANIES 135

10.7.4    STARTING BLOCKS       135

10.7.5    COMPETITIVE BENCHMARKING            137

10.8       COMPANY VALUATION AND FINANCIAL METRICS        138

10.9       COMPETITIVE SCENARIOS AND TRENDS           139

10.9.1    PRODUCT LAUNCHES  139

10.9.2    DEALS  140

11          COMPANY PROFILES    142

11.1       MAJOR PLAYERS            142

11.1.1    ENERSYS.           142

11.1.1.1 Business overview 142

11.1.1.2 Products offered  143

11.1.1.3 MnM view           145

11.1.1.3.1            Right to win         145

11.1.1.3.2            Strategic choices  145

11.1.1.3.3            Weaknesses and competitive threats 145

11.1.2    C&D TECHNOLOGIES, INC.        146

11.1.2.1 Business overview 146

11.1.2.2 Products offered  146

11.1.2.3 Recent developments         150

11.1.2.4 MnM view           151

11.1.2.4.1            Right to Win        151

11.1.2.4.2            Strategic choices  151

11.1.2.4.3            Weaknesses and competitive threats 151

11.1.3    GS YUASA INTERNATIONAL LTD.          152

11.1.3.1 Business overview 152

11.1.3.2 Products offered  153

11.1.3.3 MnM view           157

11.1.3.3.1            Right to Win        157

11.1.3.3.2            Strategic choices  157

11.1.3.3.3            Weaknesses and competitive threats 157

11.1.4    EXIDE INDUSTRIES LTD.            158

11.1.4.1 Business overview 158

11.1.4.2 Products offered  159

11.1.4.3 MnM view           164

11.1.4.3.1            Right to win         164

11.1.4.3.2            Strategic choices  164

11.1.4.3.3            Weaknesses and competitive threats 164

11.1.5    LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC  165

11.1.5.1 Business overview 165

11.1.5.2 Products offered  166

11.1.5.3 Recent developments         174

11.1.5.4 MnM view           175

11.1.5.4.1            Right to Win        175

11.1.5.4.2            Strategic choices  175

11.1.5.4.3            Weaknesses and competitive threats 175

11.1.6    CROWN BATTERY          176

11.1.6.1 Business overview 176

11.1.6.2 Products offered  176

11.1.7    EAST PENN MANUFACTURING COMPANY         178

11.1.7.1 Business overview 178

11.1.7.2 Products offered  178

11.1.8    SAMSUNG SDI CO., LTD.             181

11.1.8.1 Business overview 181

11.1.8.2 Products offered  182

11.1.9    SK INNOVATION CO., LTD         184

11.1.9.1 Business overview 184

11.1.9.2 Products offered  185

11.1.10  NARADA POWER            186

11.1.10.1             Business overview 186

11.1.10.2             Products offered  186

11.1.10.3             Recent developments         190

11.1.11  VISION GROUP 191

11.1.11.1             Business overview 191

11.1.11.2             Products offered  191

11.1.12  LG CHEM           195

11.1.12.1             Business overview 195

11.1.12.2             Products offered  196

11.1.12.3             Recent developments         197

11.1.13  YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD. 198

11.1.13.1             Business overview 198

11.1.13.2             Products offered  200

11.1.14  CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED         201

11.1.14.1             Business overview 201

11.1.14.2             Products offered  202

11.1.14.3             Recent developments         203

11.1.15  HOPPECKE BATTERIEN GMBH & CO. KG            205

11.1.15.1             Business overview 205

11.1.15.2             Products offered  205

11.1.15.3             Recent developments         207

11.1.15.3.1          Others   207

11.1.15.3.2          Deals     207

11.1.16  THE SUNLIGHT GROUP             208

11.1.16.1             Business overview 208

11.1.16.2             Products offered  208

11.1.16.3             Recent developments         211

11.1.16.3.1          Product launches 211

11.1.16.3.2          Deals     211

11.1.17  TAB      212

11.1.17.1             Business overview 212

11.1.17.2             Products offered  212

11.1.17.3             Recent developments         213

11.1.17.3.1          Deals     213

11.1.18  RITAR INTERNATIONAL GROUP            214

11.1.18.1             Business overview 214

11.1.18.2             Products offered  214

11.1.18.3             Recent developments         216

11.1.19  U.S. BATTERY   217

11.1.19.1             Business overview 217

11.1.19.2             Products offered  217

11.1.19.3             Recent developments         218

11.1.19.3.1          Product launches 218

11.1.19.3.2          Deals     218

11.1.20  AMARA RAJA ENERGY & MOBILITY LIMITED      219

11.1.20.1             Business overview 219

11.1.20.2             Products offered  220

11.1.20.3             Recent developments         222

11.1.21  IPOWER BATTERIES      223

11.1.21.1             Business overview 223

11.1.21.2             Products offered  223

11.1.21.3             Recent developments         224

11.1.21.3.1          Product launches 224

11.1.21.3.2          Deals     224

11.1.22  JYC BATTERY MANUFACTURER CO., LTD           225

11.1.22.1             Business overview 225

11.1.22.2             Products offered  225

11.1.22.3             Recent developments         226

11.1.22.3.1          Product launches 226

11.2       OTHER PLAYERS           227

11.2.1    AMARON BATTERIES    227

11.2.2    SAFT GROUPE  227

11.2.2.1 Recent developments         229

11.2.3    ROLLS BATTERY            230

11.2.4    VICTRON ENERGY         231

11.2.5    NORTHVOLT AB            232

11.2.5.1 Recent developments         232

12          ADJACENT AND RELATED MARKETS     233

12.1       INTRODUCTION            233

12.2       LIMITATIONS   233

12.3       INTERCONNECTED MARKETS  233

12.4       LITHIUM-ION BATTERY MARKET          233

12.4.1    MARKET DEFINITION   233

12.4.2    MARKET OVERVIEW     233

12.4.3    LITHIUM-ION BATTERY MARKET, BY VOLTAGE             234

12.4.3.1 Low voltage         234

12.4.3.2 Medium voltage   235

12.4.3.3 High voltage        235

13          APPENDIX         236

13.1       DISCUSSION GUIDE      236

13.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             238

13.3       CUSTOMIZATION OPTIONS      240

13.4       RELATED REPORTS       240

13.5       AUTHOR DETAILS         241

LIST OF TABLES

TABLE 1             INDUSTRIAL BATTERIES MARKET: INCLUSIONS AND EXCLUSIONS    24

TABLE 2             INDUSTRIAL BATTERIES MARKET SNAPSHOT: 2024 VS. 2029              38

TABLE 3             PORTER’S FIVE FORCES ANALYSIS         50

TABLE 4             ROLE OF COMPANIES IN ECOSYSTEM   53

TABLE 5             TARIFF DATA   54

TABLE 6             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 55

TABLE 7             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 56

TABLE 8             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 56

TABLE 9             REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 57

TABLE 10           INDUSTRIAL BATTERIES MARKET: KEY CONFERENCES AND EVENTS, 2024−2025      57

TABLE 11           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES (%)        59

TABLE 12           KEY BUYING CRITERIA FOR TOP END USES       60

TABLE 13           IMPORT DATA ON LITHIUM CELLS AND BATTERIES (USD BILLION), 2019−2022    65

TABLE 14           EXPORT DATA ON LITHIUM CELLS AND BATTERIES (USD BILLION), 2019−2022    66

TABLE 15           INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)     69

TABLE 16           INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)     70

TABLE 17           LEAD-ACID BATTERY MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)     70

TABLE 18           LEAD-ACID BATTERY MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)     71

TABLE 19           LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          71

TABLE 20           LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)          71

TABLE 21           LEAD-ACID BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION) 71

TABLE 22           LEAD-ACID BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION) 72

TABLE 23           STATIONARY LEAD-ACID BATTERY MARKET, BY REGION,

2019–2022 (USD MILLION)          72

TABLE 24           STATIONARY LEAD-ACID BATTERY MARKET, BY REGION,

2023–2029 (USD MILLION)          72

TABLE 25           MOTIVE LEAD-ACID BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION) 73

TABLE 26           MOTIVE LEAD-ACID BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION) 73

TABLE 27           LITHIUM-ION BATTERY MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          74

TABLE 28           LITHIUM-ION BATTERY MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          74

TABLE 29           LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)          74

TABLE 30           LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)          74

TABLE 31           LITHIUM-ION BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION) 75

TABLE 32           LITHIUM-ION BATTERY MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION) 75

TABLE 33           STATIONARY LITHIUM-ION BATTERY MARKET, BY REGION,

2019–2022 (USD MILLION)          75

TABLE 34           STATIONARY LITHIUM-ION BATTERY MARKET, BY REGION,

2023–2029 (USD MILLION)          76

TABLE 35           MOTIVE LITHIUM-ION BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)     76

TABLE 36           MOTIVE LITHIUM-ION BATTERY MARKET, BY REGION, 2023–2029 (USD MILLION)     76

TABLE 37           OTHER INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          77

TABLE 38           OTHER INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          77

TABLE 39           OTHER INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)     77

TABLE 40           OTHER INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)     78

TABLE 41           OTHER INDUSTRIAL BATTERIES MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)          78

TABLE 42           OTHER INDUSTRIAL BATTERIES MARKET IN STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)          78

TABLE 43           OTHER STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION,

2019–2022 (USD MILLION)          79

TABLE 44           OTHER STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION,

2023–2029 (USD MILLION)          79

TABLE 45          OTHER MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION,

2019–2022 (USD MILLION)          79

TABLE 46          OTHER MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION,

2023–2029 (USD MILLION)          80

TABLE 47           INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)        82

TABLE 48           INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          82

TABLE 49           STATIONARY INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          83

TABLE 50           STATIONARY INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          83

TABLE 51           STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION,

2019–2022 (USD MILLION)          83

TABLE 52           STATIONARY INDUSTRIAL BATTERIES MARKET, BY REGION,

2023–2029 (USD MILLION)          84

TABLE 53           STATIONARY INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2019–2022 (USD MILLION)          84

TABLE 54           STATIONARY INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2023–2029 (USD MILLION)          84

TABLE 55           MOTIVE INDUSTRIAL BATTERIES MARKET, BY APPLICATION,

2019–2022 (USD MILLION)          86

TABLE 56           MOTIVE INDUSTRIAL BATTERIES MARKET, BY APPLICATION,

2023–2029 (USD MILLION)          86

TABLE 57           MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)     86

TABLE 58           MOTIVE INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)     87

TABLE 59           MOTIVE INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2019–2022 (USD MILLION)          87

TABLE 60           MOTIVE INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2023–2029 (USD MILLION)          87

TABLE 61           INDUSTRIAL BATTERIES MARKET, BY REGION, 2019–2022 (USD MILLION)          90

TABLE 62           INDUSTRIAL BATTERIES MARKET, BY REGION, 2023–2029 (USD MILLION)          91

TABLE 63           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          93

TABLE 64           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          93

TABLE 65           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)         93

TABLE 66           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)         93

TABLE 67           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)        94

TABLE 68           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)        94

TABLE 69           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY

END-USE INDUSTRY, 2019–2022 (USD MILLION) 94

TABLE 70           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY

END-USE INDUSTRY, 2023–2029 (USD MILLION) 95

TABLE 71           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2019–2022 (USD MILLION)          95

TABLE 72           NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2023–2029 (USD MILLION)          95

TABLE 73           US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          96

TABLE 74           US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          96

TABLE 75           CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          96

TABLE 76           CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          97

TABLE 77           MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          97

TABLE 78           MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          97

TABLE 79          ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          99

TABLE 80          ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          99

TABLE 81           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          99

TABLE 82           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          99

TABLE 83           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)          100

TABLE 84           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)          100

TABLE 85           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)              100

TABLE 86           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)              101

TABLE 87           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2019–2022 (USD MILLION)          101

TABLE 88           ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2023–2029 (USD MILLION)          101

TABLE 89           CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          102

TABLE 90           CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          102

TABLE 91           JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          102

TABLE 92           JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          103

TABLE 93           INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          103

TABLE 94           INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          104

TABLE 95           REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 104

TABLE 96           REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 104

TABLE 97           EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          106

TABLE 98           EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          106

TABLE 99           EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          106

TABLE 100         EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          106

TABLE 101         EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)          107

TABLE 102         EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)          107

TABLE 103         EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)          107

TABLE 104         EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)          108

TABLE 105        EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2019–2022 (USD MILLION)          108

TABLE 106        EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2023–2029 (USD MILLION)          108

TABLE 107         GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          109

TABLE 108         GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          109

TABLE 109        UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          109

TABLE 110        UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          110

TABLE 111         FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          110

TABLE 112         FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          110

TABLE 113         REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)         111

TABLE 114         REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)         111

TABLE 115         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          112

TABLE 116         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          112

TABLE 117         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION) 112

TABLE 118         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION) 113

TABLE 119         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)        113

TABLE 120         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)        113

TABLE 121         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)              114

TABLE 122         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)              114

TABLE 123         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)         114

TABLE 124         MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2023–2029 (USD MILLION)         114

TABLE 125         SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          115

TABLE 126         SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          115

TABLE 127         UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          116

TABLE 128         UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          116

TABLE 129         SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          116

TABLE 130         SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          117

TABLE 131         REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,

BY END-USE INDUSTRY, 2019–2022 (USD MILLION)        117

TABLE 132         REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,

BY END-USE INDUSTRY, 2023–2029 (USD MILLION)        117

TABLE 133         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2019–2022 (USD MILLION)          118

TABLE 134         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,

2023–2029 (USD MILLION)          118

TABLE 135         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)         118

TABLE 136         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2023–2029 (USD MILLION)         119

TABLE 137         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2019–2022 (USD MILLION)        119

TABLE 138         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE BATTERY END-USE INDUSTRY, 2023–2029 (USD MILLION)        119

TABLE 139         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY

END-USE INDUSTRY, 2019–2022 (USD MILLION) 120

TABLE 140         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY BATTERY

END-USE INDUSTRY, 2023–2029 (USD MILLION) 120

TABLE 141         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2019–2022 (USD MILLION)          120

TABLE 142         SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,

2023–2029 (USD MILLION)          120

TABLE 143         BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2019–2022 (USD MILLION)          121

TABLE 144         BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,

2023–2029 (USD MILLION)          121

TABLE 145         REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET,

BY END-USE INDUSTRY, 2019–2022 (USD MILLION)        121

TABLE 146         REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET,

BY END-USE INDUSTRY, 2023–2029 (USD MILLION)        122

TABLE 147         DEGREE OF COMPETITION: INDUSTRIAL BATTERIES MARKET              125

TABLE 148         INDUSTRIAL BATTERIES MARKET: REGION FOOTPRINT (21 COMPANIES)    132

TABLE 149         INDUSTRIAL BATTERIES MARKET: BATTERY TYPE FOOTPRINT (21 COMPANIES)   133

TABLE 150         INDUSTRIAL BATTERIES MARKET: END-USE INDUSTRY FOOTPRINT

(21 COMPANIES)            134

TABLE 151         INDUSTRIAL BATTERIES MARKET: LIST OF KEY START-UPS/SMES         137

TABLE 152         INDUSTRIAL BATTERIES MARKET: COMPETITIVE BENCHMARKING OF

KEY START-UPS/SMES  137

TABLE 153         INDUSTRIAL BATTERIES MARKET: PRODUCT LAUNCHES

(JANUARY 2021–APRIL 2024)      139

TABLE 154         INDUSTRIAL BATTERIES MARKET: DEALS (JANUARY 2021–DECEMBER 2023)           140

TABLE 155         ENERSYS.: COMPANY OVERVIEW           142

TABLE 156         ENERSYS.: PRODUCTS OFFERED            143

TABLE 157         C&D TECHNOLOGIES, INC.: COMPANY OVERVIEW        146

TABLE 158         C&D TECHNOLOGIES, INC.: PRODUCTS OFFERED         146

TABLE 159         C&D TECHNOLOGIES, INC.: PRODUCT LAUNCHES        150

TABLE 160         GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW              152

TABLE 161         GS YUASA INTERNATIONAL LTD.: PRODUCTS OFFERED              153

TABLE 162         EXIDE INDUSTRIES LTD.: COMPANY OVERVIEW             158

TABLE 163         EXIDE INDUSTRIES LTD.: PRODUCTS OFFERED 159

TABLE 164         LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: COMPANY OVERVIEW  165

TABLE 165         LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: PRODUCTS OFFERED   166

TABLE 166         LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: PRODUCT LAUNCHES  174

TABLE 167         CROWN BATTERY: COMPANY OVERVIEW          176

TABLE 168         CROWN BATTERY: PRODUCTS OFFERED           176

TABLE 169         EAST PENN MANUFACTURING COMPANY: COMPANY OVERVIEW        178

TABLE 170         EAST PENN MANUFACTURING COMPANY: PRODUCTS OFFERED          178

TABLE 171         SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW             181

TABLE 172         SAMSUNG SDI CO., LTD.: PRODUCTS OFFERED 182

TABLE 173         SK INNOVATION CO., LTD: COMPANY OVERVIEW         184

TABLE 174         SK INNOVATION CO., LTD: PRODUCTS OFFERED          185

TABLE 175         NARADA POWER: COMPANY OVERVIEW            186

TABLE 176         NARADA POWER: PRODUCTS OFFERED             186

TABLE 177         NARADA POWER: OTHERS         190

TABLE 178         NARADA POWER: PRODUCT LAUNCHES            190

TABLE 179         VISION GROUP: COMPANY OVERVIEW 191

TABLE 180         VISION GROUP: PRODUCTS OFFERED  191

TABLE 181         LG CHEM: COMPANY OVERVIEW           195

TABLE 182         LG CHEM: PRODUCTS OFFERED            196

TABLE 183         LG CHEM: DEALS           197

TABLE 184         LG CHEM: OTHERS        197

TABLE 185         YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.: COMPANY OVERVIEW  198

TABLE 186         YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.: PRODUCTS OFFERED   200

TABLE 187         CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW  201

TABLE 188         CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS OFFERED   202

TABLE 189         CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES  203

TABLE 190         CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS  203

TABLE 191         HOPPECKE BATTERIEN GMBH & CO. KG.: COMPANY OVERVIEW        205

TABLE 192         HOPPECKE BATTERIEN GMBH & CO. KG.: PRODUCTS OFFERED          205

TABLE 193         HOPPECKE BATTERIEN GMBH & CO. KG: OTHERS         207

TABLE 194         HOPPECKE BATTERIEN GMBH & CO. KG.: DEALS           207

TABLE 195         THE SUNLIGHT GROUP: COMPANY OVERVIEW 208

TABLE 196         THE SUNLIGHT GROUP: PRODUCTS OFFERED 208

TABLE 197         THE SUNLIGHT GROUP: PRODUCT LAUNCHES 211

TABLE 198         THE SUNLIGHT GROUP: DEALS 211

TABLE 199         TAB: COMPANY OVERVIEW       212

TABLE 200         TAB: PRODUCTS OFFERED        212

TABLE 201         TAB: DEALS      213

TABLE 202         RITAR INTERNATIONAL GROUP: COMPANY OVERVIEW              214

TABLE 203         RITAR INTERNATIONAL GROUP: PRODUCTS OFFERED 214

TABLE 204         RITAR INTERNATIONAL GROUP: OTHERS         216

TABLE 205         U.S. BATTERY: COMPANY OVERVIEW    217

TABLE 206         U.S. BATTERY: PRODUCT OFFERED       217

TABLE 207         U.S. BATTERY.: PRODUCT LAUNCHES   218

TABLE 208         U.S. BATTERY.: DEALS  218

TABLE 209         AMARA RAJA ENERGY & MOBILITY LIMITED: COMPANY OVERVIEW        219

TABLE 210         AMARA RAJA ENERGY & MOBILITY LIMITED.: PRODUCTS OFFERED          220

TABLE 211         AMARA RAJA ENERGY & MOBILITY LIMITED: OTHERS   222

TABLE 212         IPOWER BATTERIES: COMPANY OVERVIEW       223

TABLE 213         IPOWER BATTERIES: PRODUCTS OFFERED       223

TABLE 214         IPOWER BATTERIES.: PRODUCT LAUNCHES     224

TABLE 215         IPOWER BATTERIES.: DEALS     224

TABLE 216         JYC BATTERY MANUFACTURER CO., LTD.: COMPANY OVERVIEW        225

TABLE 217         JYC BATTERY MANUFACTURER CO., LTD.: PRODUCT OFFERINGS       225

TABLE 218         JYC BATTERY MANUFACTURER CO., LTD.: PRODUCT LAUNCHES       226

TABLE 219         AMARON BATTERIES: COMPANY OVERVIEW     227

TABLE 220         SAFT GROUPE: COMPANY OVERVIEW   227

TABLE 221         SAFT GROUPE: DEALS  229

TABLE 222         SAFT GROUPE: OTHERS             229

TABLE 223         ROLLS BATTERY: COMPANY OVERVIEW             230

TABLE 224         VICTRON ENERGY: COMPANY OVERVIEW         231

TABLE 225         NORTHVOLT AB: COMPANY OVERVIEW            232

TABLE 226         NORTHVOLT AB: PRODUCT LAUNCHES            232

TABLE 227         LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2019–2022 (USD BILLION) 234

TABLE 228         LITHIUM-ION BATTERY MARKET, BY VOLTAGE, 2023–2032 (USD BILLION) 234

LIST OF FIGURES

FIGURE 1           INDUSTRIAL BATTERIES MARKET: MARKET SEGMENTATION              24

FIGURE 2           INDUSTRIAL BATTERIES MARKET: RESEARCH DESIGN 28

FIGURE 3           MAIN MATRIX CONSIDERED WHILE CONSTRUCTING AND ASSESSING DEMAND IN INDUSTRIAL BATTERIES MARKET        31

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       32

FIGURE 5           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       32

FIGURE 6           METHODOLOGY FOR SUPPLY-SIDE SIZING OF INDUSTRIAL BATTERIES

MARKET (1/2)  33

FIGURE 7           METHODOLOGY FOR SUPPLY-SIDE SIZING OF INDUSTRIAL BATTERIES

MARKET (2/2)  33

FIGURE 8           INDUSTRIAL BATTERIES MARKET: DATA TRIANGULATION              35

FIGURE 9           LEAD-ACID SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD      39

FIGURE 10         STATIONARY SEGMENT TO ACCOUNT FOR DOMINANT MARKET SHARE DURING FORECAST PERIOD    39

FIGURE 11         ASIA PACIFIC TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD       40

FIGURE 12         SHIFT TO SUSTAINABLE ENERGY TO DRIVE MARKET   41

FIGURE 13         ASIA PACIFIC TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       41

FIGURE 14         CHINA TO GROW AT HIGHEST RATE DURING FORECAST PERIOD              42

FIGURE 15         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BATTERIES MARKET    43

FIGURE 16         LITHIUM-ION BATTERY PACK PRICE, 2018−2023            45

FIGURE 17         INDUSTRIAL BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS          48

FIGURE 18         VALUE CHAIN ANALYSIS FOR INDUSTRIAL BATTERIES MARKET            51

FIGURE 19         ECOSYSTEM OF INDUSTRIAL BATTERIES MARKET        52

FIGURE 20         AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY REGION, 2019−2023      53

FIGURE 21         AVERAGE SELLING PRICE OF LITHIUM-ION BATTERIES, BY CHEMISTRY, 2023          54

FIGURE 22         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP END USES 59

FIGURE 23         KEY BUYING CRITERIA FOR TOP END USES       60

FIGURE 24         LIST OF MAJOR PATENTS FOR INDUSTRIAL BATTERIES              61

FIGURE 25         TRENDS/ DISRUPTIONS IMPACTING CUSTOMER BUSINESS              66

FIGURE 26         INVESTMENT AND FUNDING SCENARIO FOR STARTUPS/SMES IN INDUSTRIAL BATTERIES MARKET    67

FIGURE 27         LEAD-ACID SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD     69

FIGURE 28         STATIONARY BATTERY END-USE INDUSTRY TO LEAD INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD 82

FIGURE 29         ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD       90

FIGURE 30         NORTH AMERICA: INDUSTRIAL BATTERIES MARKET SNAPSHOT        92

FIGURE 31         ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET SNAPSHOT              98

FIGURE 32         EUROPE: INDUSTRIAL BATTERIES MARKET SNAPSHOT 105

FIGURE 33         REVENUE ANALYSIS OF KEY COMPANIES, 2019–2023      124

FIGURE 34         INDUSTRIAL BATTERIES MARKET SHARE ANALYSIS, 2023              125

FIGURE 35         RANKING OF TOP 5 PLAYERS IN INDUSTRIAL BATTERIES MARKET, 2023  126

FIGURE 36         BRAND/PRODUCT COMPARISON          128

FIGURE 37         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   130

FIGURE 38         INDUSTRIAL BATTERIES MARKET: COMPANY FOOTPRINT (21 COMPANIES)    131

FIGURE 39         START-UP/SME EVALUATION MATRIX, 2023      136

FIGURE 40         COMPANY VALUATION 138

FIGURE 41         COMPANY FINANCIAL METRICS             138

FIGURE 42         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA

OF KEY MANUFACTURERS        139

FIGURE 43         ENERSYS.: COMPANY SNAPSHOT           143

FIGURE 44         GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT              153

FIGURE 45         EXIDE INDUSTRIES LTD.: COMPANY SNAPSHOT            159

FIGURE 46         LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC: COMPANY SNAPSHOT  166

FIGURE 47         SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT             182

FIGURE 48         SK INNOVATION CO., LTD: COMPANY SNAPSHOT         184

FIGURE 49         LG CHEM: COMPANY SNAPSHOT           196

FIGURE 50         YUASA BATTERY (THAILAND) PUBLIC COMPANY LTD.: COMPANY SNAPSHOT  199

FIGURE 51         CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT  201