Electrification of Industries & E-Mobility Boosts Industrial Battery Market Revenue (2025)

According to a new report published by Allied Market Research, titled," Industrial Batteries Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2020-2030," the global industrial batteries market size was valued at $9.02 billion in 2020, and industrial batteries market forecast to reach $30.84 billion by 2030, growing at a CAGR of 13.2% from 2021 to 2030.

Battery technologies are an essential catalyst to unlock growth and new advances in sectors such as electric vehicles (EVs), electronic devices, and battery energy storage (BES) for renewable energy. Increase in reliance on battery storage is significantly driving the demand for industrial batteries across the globe. Industrial batteries are majorly applicable across telecom & data communication, and energy sectors. Ongoing advancements in the industrial batteries due to innovative efforts have further enhanced the efficiency of these batteries, creating abundant growth opportunities in the global industrial batteries market share.

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Rise in need for eco-friendly energy storage solutions acts as key factor propelling the demand for industrial batteries. Strict government mandates toward the use of green energy in Asia-Pacific, majorly in China and Japan are contributing toward the growth of industrial battery industry. In addition, the Go Green revolution is primarily driving the growth of the industrial batteries market globally.

However, high prices of lithium-ion battery compared to conventional battery systems is expected to hamper the sales of industrial battery during the forecast period. On the contrary, owing to low cost of nickel-based battery than lithium-ion battery, it is increasing as a fast pace in several end-use applications. Moreover, prime advantage of nickel-based battery is flat discharge characteristic-a flat discharge curve simplifies the design of the application in which the battery is used since the supply voltage stays reasonably constant throughout the discharge cycle-but falls off rapidly at the end of the cycle, which is likely to create potential growth opportunities for industrial battery market during the forecast period.

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Growth Dynamics of the Industrial Batteries Market
The Industrial Batteries Market is experiencing significant growth, driven by various factors, including the increasing demand for energy storage solutions, rapid industrialization, and advancements in battery technology.
Below are the key growth dynamics shaping the market:

1️⃣ Rising Demand for Renewable Energy Storage
The integration of solar and wind power into the energy grid has increased the need for industrial batteries for energy storage and grid stability.

Governments worldwide are investing in battery storage projects to support clean energy transitions.
2️⃣ Expansion of Electric Vehicles (EVs) & Electrification of Industries
The adoption of electric forklifts, AGVs (Automated Guided Vehicles), and hybrid systems in industrial applications is fueling battery demand.
Growth in EV charging infrastructure is further driving innovations in industrial battery technology.

3️⃣ Increasing Demand for Data Centers & Telecom Infrastructure
The rise of cloud computing, AI, and IoT has led to a surge in data center development, requiring large-scale battery backup solutions.
Telecom industries are investing in battery-powered UPS (Uninterruptible Power Supply) systems to ensure network reliability.

4️⃣ Technological Advancements in Battery Chemistry
Lithium-ion batteries are replacing traditional lead-acid batteries due to their higher efficiency, longer lifespan, and faster charging capabilities.
Emerging technologies such as solid-state batteries and flow batteries are expected to reshape the industrial battery landscape.

5️⃣ Growth in Manufacturing & Heavy Industries
Industries such as mining, oil & gas, and transportation require high-performance batteries for power backup and operational efficiency.
The increasing automation in industries is boosting demand for reliable energy storage solutions.

6️⃣ Focus on Sustainability & Circular Economy
The shift towards recyclable and eco-friendly battery solutions is encouraging battery manufacturers to invest in second-life battery applications.
Governments and regulatory bodies are enforcing stricter battery disposal and recycling laws, impacting market trends.

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The global industrial batteries market is segmented into type, application, and region. Depending on type, the market is categorized into lithium-ion battery (lithium cobalt oxide, lithium magnesium oxide, lithium titanite, and others), nickel-based, and lead-based. The lithium-ion battery segment accounted for the largest share in 2020, owing to requirement for high loading capacity, less emission, and enhanced power efficiency. Applications of industrial batteries include telecom & data communication, uninterruptible power supply (UPS), energy, equipment, grid storage, and others (railways, utility, and security). The telecom & data communication segment held the largest revenue share in 2020, and is depicted to grow at a CAGR of 11.7% due to increase in construction of data centers and expansion of the telecom industry across the globe

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific dominated the market in 2020, owing to presence of abundant industrial battery material reserves in China, India, Australia, and other Asia-Pacific countries.

The major companies profiled in this report include Johnson Controls, Inc., Exide Technologies, Inc., Enersys, Inc., Saft Groupe S.A., GS Yuasa Corp., Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Co., and LG Chem.

Key findings of the study
•The Asia-Pacific industrial batteries market is projected to grow at the highest CAGR of nearly 15.1%, in terms of revenue, during the forecast period supporting industrial batteries market trends
•As per industrial batteries market analysis, depending on type, the lithium-ion battery accounted for the largest market share in 2020.
•On the basis of application, the telecom & data communication dominated the market, in terms of share, in 2020.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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