iCrowd Newswire
13 Jan 2022, 03:50 GMT+10
According to the latest report by IMARC Group, titled "Industrial Batteries Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global industrial batteries market reached a value of US$ 19.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 28.68 Billion by 2027, exhibiting at a CAGR of 6.3% during 2022-2027.
Industrial batteries represent electrochemical devices that convert chemical energy into electrical power. They comprise of anodes, cathodes, and electrolyte solutions that aid in providing resistance to extreme temperatures and vibrations. Some of the commonly available product variants include nickel-based, lithium titanate, lithium magnesium oxide, lead-based batteries, etc. Industrial batteries supply voltage to various vehicle accessories, such as radio, music systems, charging plugs, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/industrial-batteries-market/requestsample
Global Industrial Batteries Market Trends:
The rising need for continuous and reliable sources of energy is primarily driving the industrial batteries market. Additionally, the widespread product adoption as a power source in uninterruptible power source (UPS), medical equipment, safety alarms, tracking systems, automobile accessories, etc., is further catalyzing the market growth. Besides this, the growing utilization of lithium-ion (Li-ion) batteries in surveillance and alarm systems, industrial electronics, solar power backup storage systems, etc., is acting as another significant growth-inducing factor. Moreover, the shifting consumer preferences from traditionally used batteries towards the industrial variants, owing to their various characteristics, such as low internal impedance, high current delivery, tolerance to overcharging, etc., are also augmenting the global market. Apart from this, numerous product innovations, including the launch of green ultra-batteries in the energy storage segment that assist in reducing carbon footprints, are anticipated to fuel the industrial batteries market over the forecasted period.
Ask Analyst for Instant Discount and Download Full Report with TOC & List of Figure: https://www.imarcgroup.com/industrial-batteries-market
Global Industrial Batteries Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
Breakup by Drive Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
Key Highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Other Report:
Esports Market Size, Share, Industry Growth, Trends, Report 2021-2026
Luxury Travel Market Share, Industry Size, Growth, Report 2021-2026
Electric Power Distribution Automation Systems Market Share, Size, Report 2021-2026
Nanomedicine Market Share, Size, Growth, Forecast Report 2021-2026
Mortuary Equipment Market Growth, Industry Share, Size, Report 2021-2026
Marketing Automation Market Share, Growth Rate, Size, Report 2021-2026
Virtual Fitting Room Market Size, Growth, Share, Report 2021-2026
Ammonia Market Size, Share, Growth, Analysis Report 2022-2027
Engineering Plastics Market Size, Share, Growth, Report 2021-2026
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Tags: , Industrial Batteries Market
See Campaign: https://www.imarcgroup.com/Contact Information:IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800Tags:Menafn, IPS, Reportedtimes, PR-Wirein, iCN Internal Distribution, Research Newswire, English
Get a daily dose of San Diego Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Diego Sun.
More InformationSYDNEY, NSW, Australia - Stocks in China were flat to lower on Tuesday as investors weighed up the disappointing economic ...
SACRAMENTO, California: California Governor Gavin Newsom is proposing to give a $1.4 billion government loan to extend the life of ...
NEW YORK CITY, New York: The Centers for Disease Control and Prevention relaxed its COVID-19 guidelines last week, driven by ...
Right-hander Tyler Mahle will try to continue his winning streak on Wednesday afternoon when the Minnesota Twins attempt to complete ...
Washington [US], August 17 (ANI): Hollywood star Robert De Niro will soon be seen sharing screen space with himself as ...
Washington [US], August 17 (ANI): Hollywood star Zoe Kravitz has given a rare insight into what it's been like working ...
BANGKOK, Thailand: Thailand seeks to invest $61.97 billion in its industrial eastern region over the next five years, in a ...
JEDDAH, Saudi Arabia: In a Twitter post published this week, Saudi Arabia's Kingdom Holding said it had invested in Russian ...
SYDNEY, NSW, Australia - Stock markets across the Asia Pacific region rallied on Wednesday.In Japan, the Nikkei 225 surged 353.86 ...
DHAKA, Bangladesh A preliminary investigation into the tragic crane accident that killed five people in Uttara on Monday has found ...
HANOI, Vietnam: The Vietnamese government is considering building a high-speed railway, with a possible cost of up to $58.7 billion, ...
NEW YORK, New York - Stocks were decidedly mixed in the U.S. on Tuesday as investors struggled to make a ...