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Industrial Battery Market Trends

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Report ID: 3470
Published Date: Sep 18, 2024
Report Format: PDF, PPT

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Industrial Battery Market Trends

Growth Drivers

Rising Demand for Industrial Battery from Data Centers and Telecom Industry
Increasing Renewable Energy Integration Around the World

Challenges

Fluctuation in the Prices of Raw Materials

Industrial Battery Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	5.2%
Base Year Market Size (2023)	USD 931.4 million
Forecast Year Market Size (2036)	USD 1.8 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Industrial Battery Market Size, Growth Forecast 2036

Author Credits: Abhishek Verma

Report ID: 3470
Published Date: Sep 18, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving market growth are rising demand for industrial battery from data centers and telecom industry and increasing renewable energy integration around the world.

The market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 â€“ 2030.

Fluctuation in the prices of raw materials is estimated to hamper the market growth.

Asia Pacific will provide more opportunities for market growth in the future owing to the increase in civil infrastructure activities in China, India and Australia, and robust growth of industrial base in the region.

The major players in the market are GS Yuasa Corp., Johnson Controls, Inc., Exide Technologies, Inc., Enersys, Inc., and others.

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