Industrial Battery Market Share

APAC Market Statistics

On the basis of geographical analysis, the global industrial battery market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is estimated to gather the most significant share over the forecast period on the back of the increase in civil infrastructure activities in China, India and Australia, and robust growth of industrial base in the region. Apart from these, rising number of government initiatives for industrial establishments is also expected to drive the region’s market growth in the years to come.

North America Market Analysis

Additionally, the market in North America is also predicted to grab a notable share, which can be ascribed to the robust growth of automobile industry in the United States, high manufacturing throughput and strong presence of major market players in the region.