Global Industrial Battery Market
Industrial Battery Market Size And Forecast
According to Verified Market Research, Global Industrial Battery Market was valued at USD 9.17 Billion in 2018 and is projected to reach USD 15.12 Billion by 2026, growing at a CAGR of 6.41% from 2019 to 2026.
Global Industrial Battery Market Outlook
Increasing demand for the batteries from the material handling industry owing to its long life is likely to boost the demand for the batteries. Rapid urbanization and the growing economies of developing countries is also expected to boost the demand for the market over the forecast period. However, the stringent government regulation for the use of some toxic chemicals in the production batteries is likely to hinder the growth of the market over the forecast period. Moreover, rapid industrialization coupled with the increasing demand for the high-efficiency power supply and backup is anticipated to propel the growth of the market over the forecast period.
Global Industrial Battery Market Competitive Landscape
The Global Industrial Battery Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Johnson Controls, Exide Technologies Inc., EnerSys Inc., GS Yuasa Corporation, SAFT Groupe S.A., Northstar Battery Company LLC, C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, and Panasonic Corporation.
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