Industrial Battery Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 26.97 Billion
CAGR (2026-2031)	8.72%
Fastest Growing Segment	Lead-Acid
Largest Market	Asia Pacific
Market Size (2031)	USD 44.54 Billion

Market Overview

The Global Industrial Battery Market will grow from USD 26.97 Billion in 2025 to USD 44.54 Billion by 2031 at a 8.72% CAGR. Industrial batteries are high capacity energy storage systems designed for demanding applications such as motive power for forklifts and stationary backup for data centers. The market is primarily propelled by the widespread electrification of material handling fleets and the critical need for reliable grid stabilization in an increasingly automated economy. These drivers are distinct from technological trends like the shift to lithium chemistries, as they represent the fundamental operational demands of modern industry. According to the Industrial Truck Association, in 2024, the market share of electric lift trucks rose to 67% which underscores the accelerating reliance on battery powered machinery.

However, the sector faces a significant challenge regarding the volatility of raw material supply chains. Fluctuating costs and availability of critical minerals can lead to manufacturing delays and increased capital expenditures for end users. This instability poses a risk to market expansion by potentially stalling the affordability and timely deployment of energy storage technologies across price sensitive industrial verticals.

Key Market Drivers

The expansion of telecommunications and 5G network infrastructure serves as a primary catalyst for market growth, necessitating robust energy storage solutions to guarantee network reliability. As operators densify networks to support higher bandwidths and lower latency, the installation of macro towers and small cells increases, all of which require uninterrupted backup power systems to mitigate grid outages. This infrastructure rollout directly correlates with battery procurement volumes, as telecom providers prioritize energy resilience to maintain service continuity during main power failures. According to Ericsson, June 2024, in the 'Ericsson Mobility Report', global 5G subscriptions grew by 160 million during the first quarter of 2024, reflecting a rapid scaling of connectivity assets that depend on industrial-grade power reserves.

Simultaneously, the growth of hyperscale data centers and cloud computing operations is reshaping demand for uninterruptible power supply systems. The exponential rise in data processing, driven by artificial intelligence workloads, forces facility operators to install high-capacity battery arrays to ensure operational continuity and protect hardware during power fluctuations. This sector demands high-performance storage to bridge the gap between grid failure and generator startup, ensuring zero downtime for critical digital services. According to Goldman Sachs, May 2024, in the 'Generational Growth: AI, Data Centers and the Coming Energy Surge' report, data center power demand is projected to increase by 160% by 2030, signaling a long-term requirement for scalable backup solutions. This surge in energy storage needs is evident across the broader utility landscape as well. According to the International Energy Agency, in 2024, global investment in battery storage is projected to exceed USD 50 billion, highlighting the financial commitment to stabilizing modern industrial energy grids.

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Key Market Challenges

The volatility of raw material supply chains presents a substantial barrier to the progress of the Global Industrial Battery Market. Manufacturers depend on a consistent flow of inputs such as lead, nickel, and lithium to forecast costs and maintain production volume. When supply lines are unstable, it becomes difficult for producers to offer competitive pricing or guarantee delivery timelines. This uncertainty forces industrial consumers to hesitate before committing to large-scale electrification projects and ultimately slows the rate of market adoption.

Evidence of this disruption is visible in recent industry metrics regarding key battery components. According to the International Lead and Zinc Study Group, in the first half of 2024, global refined lead metal production decreased by 0.8% owing to lower output in major processing regions including China and Canada. Such fluctuations in primary material availability compel battery manufacturers to increase capital allocation for inventory reserves rather than innovation. This operational strain directly impedes the ability of the sector to efficiently meet the growing requirements for motive power and grid stabilization solutions.

Key Market Trends

The rapid adoption of Lithium Iron Phosphate (LFP) chemistry is fundamentally reshaping the industrial battery landscape by offering a safer, lower-cost alternative to nickel-based and lead-acid incumbents. This chemistry is becoming the preferred choice for material handling equipment and stationary energy storage systems due to its superior thermal stability and extended cycle life, which effectively lower the total cost of ownership for high-utilization assets. The shift is further accelerated by massive production scaling in key manufacturing regions, which drives down cell costs and increases availability for industrial applications globally. According to the China Automotive Battery Innovation Alliance, January 2025, in the '2024 Power Battery Installation Report', LFP batteries accounted for 74.6% of the total installed capacity in China, signaling a dominant supply-side pivot that is directly influencing procurement strategies in the global industrial sector.

Simultaneously, the sector is undergoing a significant localization of battery manufacturing and supply chains to enhance resilience against global disruptions and reduce logistical overheads. Nations and major corporations are aggressively onshoring production capabilities to mitigate the risks associated with reliance on imported cells and to secure regional energy independence. This structural realignment involves establishing vertically integrated ecosystems that encompass everything from electrode production to final pack assembly within the region of use. According to the U.S. Department of Energy, December 2024, in the '2021-2024 Four Year Review of Supply Chains for the Advanced Batteries Sector', announced investments in domestic battery manufacturing exceeded USD 150 billion since 2021, reflecting a concerted effort to build self-sufficient production infrastructure for critical industrial power sources.

Segmental Insights

The Lead-Acid segment, particularly Valve Regulated Lead-Acid (VRLA) technology, is currently positioning itself as the fastest-growing category within the Global Industrial Battery Market. This rapid expansion is primarily driven by the surging demand for cost-effective Uninterruptible Power Supply (UPS) systems across the booming telecommunications and data center sectors. Unlike newer alternative chemistries, Lead-Acid batteries benefit from an established circular economy, with the Battery Council International verifying a near-total recycling rate that significantly lowers environmental compliance costs. Consequently, the combination of low initial capital expenditure and superior sustainability credentials continues to fuel the segment's accelerated adoption in critical industrial infrastructure.

Regional Insights

Asia Pacific maintains a leading position in the Global Industrial Battery Market, underpinned by substantial industrial growth and a robust manufacturing ecosystem. Industry analysis reveals that this dominance is primarily sustained by the region's expanding automotive sector, particularly the high volume of electric vehicle production in major economies like China. Furthermore, extensive government initiatives focused on grid modernization and renewable energy integration have amplified the demand for reliable energy storage systems. The strategic presence of major global battery producers in the region creates a strong supply chain, reinforcing Asia Pacific's status as a central hub for industrial battery demand.

Recent Developments

In December 2025, Samsung SDI secured a major supply contract worth over KRW 2 trillion to provide lithium iron phosphate batteries for energy storage systems in the United States. This agreement marked the company's full-scale expansion into the LFP segment of the Global Industrial Battery Market, moving beyond its traditional nickel-based products. The batteries were destined for the company's latest all-in-one energy storage enclosure, designed for stability and safety in power grid and industrial operations. The company indicated that this collaboration was a strategic response to the growing requirement for cost-effective and long-lasting energy infrastructure solutions in North America.
In November 2024, Contemporary Amperex Technology Co., Limited launched a new series of heavy-duty batteries under its Tectrans brand, significantly impacting the Global Industrial Battery Market. These products were engineered for the rigorous demands of commercial vehicles, including mining trucks and construction machinery, featuring ultra-fast charging capabilities and a service life of up to 15 years. The company introduced this technology to solve key challenges in industrial logistics, such as range anxiety and slow replenishment times. This launch demonstrated a focused effort to accelerate the electrification of heavy industrial transport through high-performance, durable battery systems.
In September 2024, Saft commissioned a new manufacturing line at its factory in Jacksonville, Florida, to produce lithium-ion battery containers specifically for the Global Industrial Battery Market. This expansion enabled the company to deliver energy storage systems with domestic content, directly addressing the surging demand for grid-scale and industrial storage projects in the United States. The company revealed its strategy to ramp up the facility's production capacity to 5 gigawatt-hours by 2027. This development aimed to provide industrial and utility customers with advanced, locally manufactured storage solutions that comply with regional incentive requirements.
In February 2024, EnerSys announced the selection of Greenville, South Carolina, as the site for its new lithium-ion cell gigafactory focused on the Global Industrial Battery Market. The company outlined a plan to invest approximately $500 million to construct a facility with a production capacity of four gigawatt-hours per year. This plant was designed to manufacture lithium-ion cells tailored for commercial, industrial, and defense applications, ensuring a domestic supply chain for its customers. The company stated that this strategic investment would allow for optimized cell sizing in its battery solutions, reducing reliance on non-domestic suppliers for critical industrial energy needs.

Key Market Players

C&D Technologies Pvt. Ltd
East Penn Manufacturing Company Inc.
Enersys, Inc.
Exide Industries Ltd
GS Yuasa Corporation
Amara Raja Batteries Ltd
Panasonic Corporation
Saft Groupe SA
East Penn Manufacturing Co.
Robert Bosch GmbH

By Type	By Application	By Region
Lead-Acid Lithium-Based and Others	Telecommunication Power Storages Industrial Equipment Electric Grid Storage and Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Industrial Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Industrial Battery Market, By Type:

Lead-Acid
Lithium-Based and Others

Industrial Battery Market, By Application:

Telecommunication
Power Storages
Industrial Equipment
Electric Grid Storage and Others

Industrial Battery Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Industrial Battery Market.

Available Customizations:

Global Industrial Battery Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Industrial Battery Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Industrial Battery Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Lead-Acid, Lithium-Based and Others)

5.2.2. By Application (Telecommunication, Power Storages, Industrial Equipment, Electric Grid Storage and Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Industrial Battery Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Industrial Battery Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.2. Canada Industrial Battery Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.3. Mexico Industrial Battery Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

7. Europe Industrial Battery Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Industrial Battery Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.2. France Industrial Battery Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.3. United Kingdom Industrial Battery Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

7.3.4. Italy Industrial Battery Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Application

7.3.5. Spain Industrial Battery Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Application

8. Asia Pacific Industrial Battery Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Industrial Battery Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.2. India Industrial Battery Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.3. Japan Industrial Battery Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.4. South Korea Industrial Battery Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.5. Australia Industrial Battery Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

9. Middle East & Africa Industrial Battery Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Industrial Battery Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.2. UAE Industrial Battery Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.3. South Africa Industrial Battery Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

10. South America Industrial Battery Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Industrial Battery Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.2. Colombia Industrial Battery Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.3. Argentina Industrial Battery Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Industrial Battery Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. C&D Technologies Pvt. Ltd

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. East Penn Manufacturing Company Inc.

15.3. Enersys, Inc.

15.4. Exide Industries Ltd

15.5. GS Yuasa Corporation

15.6. Amara Raja Batteries Ltd

15.7. Panasonic Corporation

15.8. Saft Groupe SA

15.9. East Penn Manufacturing Co.

15.10. Robert Bosch GmbH

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Industrial Battery Market in 2025?

Which is the dominating region in the Global Industrial Battery Market?

Which is the fastest growing segment in the Global Industrial Battery Market?

What is the expected growth rate of the Global Industrial Battery Market?

Industrial Battery Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. Segmented By Type (Lead-Acid, Lithium-Based and Others), By Application (Telecommunication, Power Storages, Industrial Equipment, Electric Grid Storage and Others), By Region, Competition. 2021-2031F

Report Description

Table of content

Figures and Tables

Frequently asked questions

What was the market size of the Global Industrial Battery Market in 2025?

Which is the dominating region in the Global Industrial Battery Market?

Which is the fastest growing segment in the Global Industrial Battery Market?

What is the expected growth rate of the Global Industrial Battery Market?