The global industrial batteries market size was estimated at USD 22.44 billion in 2024 and is projected to reach USD 34.57 billion by 2030, growing at a CAGR of 7.6% from 2025 to 2030. This notable growth trajectory is primarily driven by several interrelated factors. One of the most significant is the increasing demand for reliable backup power solutions across various industrial sectors. Industries today are heavily reliant on uninterrupted power supply to ensure smooth operations, and industrial batteries offer a dependable solution for power continuity during outages or fluctuations.

Another critical driver is the rising adoption of renewable energy storage systems, where industrial batteries play a pivotal role in storing excess energy generated from renewable sources such as solar and wind. These storage systems are essential for balancing supply and demand, especially in off-grid or intermittent energy environments. Additionally, the expanding use of industrial batteries in grid-level energy storage, telecommunications infrastructure, and the electric vehicle (EV) sector is further boosting market demand. Batteries in these areas are essential for ensuring energy reliability, communication resilience, and efficient EV performance.

Moreover, the market is witnessing significant support from government policies and regulatory frameworks aimed at reducing carbon emissions and promoting environmentally sustainable practices. Initiatives encouraging a shift toward cleaner energy, often summarized under the banner of the "Go Green" movement, are pushing industries to invest in sustainable energy storage technologies like industrial batteries. The growing emphasis on environmental stewardship and the global urgency to combat climate change are catalyzing this transition.

The technological advancements in battery science, particularly the development and refinement of lithium-ion battery technology, are further accelerating the growth of the industrial battery market. These innovations are leading to batteries with enhanced energy density, faster charging capabilities, and improved safety features. Coupled with a rise in environmental awareness and the push for cleaner industrial practices, these factors are fostering widespread adoption of advanced battery solutions.

Industrial batteries, in this context, are sophisticated energy storage systems engineered to provide durable and reliable power tailored specifically for high-demand industrial environments. They are built to endure tough operating conditions—such as extreme temperatures, heavy loads, and continuous cycling—while ensuring consistent power delivery. These batteries serve a wide range of industries, including manufacturing, telecommunications, and renewable energy systems, supporting critical infrastructure and operations.

Key Market Trends & Insights:

• In terms of region, the Asia Pacific region emerged as the largest revenue-generating market in 2024 for industrial batteries. This dominance can be attributed to the region’s rapid industrialization, expanding manufacturing base, and increasing investments in renewable energy infrastructure. Countries across Asia Pacific are witnessing significant growth in sectors such as automotive, telecommunications, and utilities, all of which demand reliable energy storage solutions. Additionally, government initiatives aimed at modernizing energy grids and promoting sustainable practices have further fueled the adoption of industrial batteries in the region.

• Country-wise, China is projected to register a significant compound annual growth rate (CAGR) from 2025 to 2030, positioning it as a key growth driver within the Asia Pacific market. China’s strong presence in the global battery manufacturing ecosystem, along with its aggressive push towards clean energy adoption and electric vehicle deployment, is propelling demand for advanced industrial batteries. The country’s strategic investments in infrastructure, energy storage technologies, and smart grid development are also contributing to this rapid growth.

• By type, the lead-acid battery segment held the largest revenue share, accounting for 47.5% of the market in 2024. Lead-acid batteries continue to dominate due to their cost-effectiveness, reliability, and widespread use across various industrial applications. They are particularly favored in sectors where high power output, robustness, and low upfront costs are critical. Despite the growing interest in newer battery chemistries, lead-acid batteries maintain a strong market position due to their proven performance, ease of recycling, and well-established supply chains.

• By application, the motive power segment led the industry, capturing a revenue share of 32.7% in 2024. Motive power batteries are extensively used in industrial vehicles such as forklifts, automated guided vehicles (AGVs), and electric material handling equipment. The demand for such equipment is rising across logistics, warehousing, and manufacturing operations, driven by automation and efficiency optimization. As companies prioritize productivity and sustainability, the use of motive power batteries continues to expand, reinforcing their leadership position within the application segment of the industrial batteries market.

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Market Size & Forecast:

• 2024 Market Size: USD 22.44 Billion

• 2030 Projected Market Size: USD 34.57 Billion

• CAGR (2025-2030): 7.6%

• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights:

Key players in the global industrial batteries industry include prominent companies such as Enersys, Inc., Saft Groupe S.A., GS Yuasa Corp., and others. These leading manufacturers are actively engaged in implementing a range of strategic initiatives to maintain their competitive edge and drive growth in the evolving battery market. Their core strategies involve product innovation, where continuous advancements in battery technology are prioritized to meet increasingly complex industrial requirements. In addition, investments in research and development (R&D) play a crucial role, allowing these companies to pioneer cutting-edge solutions that improve energy density, charging speed, durability, and safety.

To expand their global reach and technical capabilities, these players are also pursuing strategic partnerships, mergers, and acquisitions. Such collaborations enable them to access new markets, integrate complementary technologies, and strengthen supply chains. Moreover, geographical expansion into high-growth regions is a common strategy, helping companies tap into emerging demand and localize production. 

Exide Technologies is a well-established name in the battery industry, known for producing a diverse portfolio of batteries used across multiple sectors. The company manufactures batteries for automotive, industrial, inverter, and uninterruptible power supply (UPS) applications, catering to both conventional and specialized energy needs. Its batteries are widely utilized in power generation, telecommunications, infrastructure projects, railways, mining operations, and the defense sector. Exide’s offerings range from compact, small-capacity batteries to large-scale industrial storage systems, demonstrating its ability to serve varied operational requirements. 

Key Players

• 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.

• Smiths Interconnect

• Schneider Electric

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Conclusion:

The industrial batteries market is poised for marked expansion in the forecast period. Growth is underpinned by surging demand for backup power, especially in grid-level energy storage tied to renewable energy projects, alongside robust uptake in applications like motive power, UPS systems, telecommunications, and electric vehicles. Lead acid technology, while currently dominant, is gradually ceding momentum to lithium based batteries, which are gaining traction due to superior energy density, longer life cycles, and increasing integration in EVs and renewable systems.