Industrial Battery Market Analysis

The market is segmented by technology into lithium-ion battery, lead-acid battery, and others, out of which, the lithium-ion battery segment is anticipated to hold the largest share in the global industrial battery market on account of the better performance, low price and higher energy density of these batteries as compared to other available alternatives. In addition, surge in the demand for lithium-ion batteries to fulfill the massive increase in the energy requirements is also assessed to boost the growth of the market segment in the future. Moreover, on the basis of end user, the telecom segment is projected to occupy the largest share during the forecast period, which can be credited to the rapid growth in the telecom industry since the last few years and rise in demand for high efficiency power backup. 

Our in-depth analysis of the global market includes the following segments