Global Industry Analysts Predicts the World Industrial Batteries Market to Reach $12.8 Billion by 2026

SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Industrial Batteries - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

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Edition: 9; Released: January 2022
Executive Pool: 373
Companies: 11 - Players covered include C&D Technologies, Inc.; East Penn Manufacturing Co., Inc.; EnerSys, Inc.; Exide Technologies; GS Yuasa Corporation; Johnson Controls, Inc.; Northstar Battery Company LLC.; Robert Bosch GmbH; Saft Groupe SA and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Telecom & Data Communication, Industrial Equipment, Grid-Level Energy Storage, Uninterruptible Power Supply (UPS)/Backup, Other End-Uses); Type (Lead-Acid, Lithium-based, Nickel-based)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Industrial Batteries Market to Reach $12.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Industrial Batteries estimated at US$9.3 Billion, is projected to reach a revised size of US$12.8 Billion by 2026, growing at a CAGR of 5.3% over the analysis period. Lead-Acid, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$7.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium-based segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $2.6 Billion by 2026
The Industrial Batteries market in the U.S. is estimated at US$2.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2026 trailing a CAGR of 8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Nickel-based Segment to Reach US$1.7 Billion by the year 2026
In the global Nickel-based segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$909.3 Million will reach a projected size of US$1.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.