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Industrial Batteries Market to Reach $30.8 Bn, Globally, by 2030 at 13.2% CAGR: Allied Market ResearchRise in annual deployment capacities and stringent government regulations aimed at controlling the surging pollution drive the growth of the global industrial batteries market. PORTLAND, Ore., Aug. 4, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Industrial Batteries Market by Type (Lithium-Ion Battery (Lithium Cobalt Oxide, Lithium Magnesium Oxide, Lithium Titanite, and Others), Nickel-based, and Lead-based) and Application (Telecom & Data Communication, Uninterruptible Power Supply (UPS), Energy, Equipment, Grid Storage, and Others (Railways, Utility, and Security)): Global Opportunity Analysis and Industry Forecast, 2021–2030." According to the report, the global industrial batteries industry was estimated at $9.0 billion in 2020, and is anticipated to hit $30.8 billion by 2030, registering a CAGR of 13.2% from 2021 to 2030. Drivers, restraints, and opportunities- Surge in annual deployment capacities and stringent government regulations aimed at controlling the surging pollution drive the growth of the global industrial batteries market. On the other hand, high prices of lithium-ion batteries restrain the market growth. However, rapid increase in demand from data centers would create new opportunities in the coming years. Download Sample PDF (326 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/12202 Covid-19 Scenario:
The lithium ion battery segment to dominate by 2030- By type, the lithium-ion battery segment held the largest share in 2020, garnering more than two-fifths of the total share, and is expected to maintain its lead position during the forecast period. However, the lead-based segment is estimated to register the fastest CAGR of 13.9% from 2021 to 2030. Lead based batteries deliver bulk power at cheaper rates, which makes the battery cost-effective for forklifts, marine, grid storage, data centers and uninterruptible power supplies (UPS). This factor drives the segment growth. Get detailed COVID-19 impact analysis on the Industrial Batteries Market: https://www.alliedmarketresearch.com/request-for-customization/12202?reqfor=covid The telecom and data communication segment to maintain the dominant share- By application, the telecom and data communication segment accounted for the highest share in 2020, contributing to more than one-fourth of the global industrial batteries market. Increasing urbanization across the glob, flourishing telecom industry coupled with increasing demand for high efficiency power backup is expected to increase demand of industrial batteries throughout the forecast period. This factor drives the growth of the segment. However, the equipment segment is estimated to witness the highest CAGR of 14.8% from 2021 to 2030. Asia-Pacific, followed by North America, garnered the major share in 2020- By region, the region across Asia-Pacific held the major share in 2020, generating more than one-third of the global industrial batteries market. Moreover, this region is estimated to register the largest CAGR of 15.1% during the forecast period. Rapidly increasing industrialization in China and India have fostered the industrial batteries market growth in the recent years. Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/12202 Key players in the industry-
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Get more information: https://www.alliedmarketresearch.com/library-access Similar Reports We Have: Lithium-ion battery market is projected to hit $129.3 billion by 2027, at a CAGR of 18.0% from 2020 to 2027. Redox flow battery market is projected to reach $403.0 million by 2026, growing at a CAGR of 15.2% from 2019 to 2026. Lithium-ion battery recycling market is expected to reach $38.21billion by 2030, registering a CAGR of 36.0% from 2021to 2030. Solar battery market is projected to reach $360.4 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027. Lead–acid battery market is projected to reach $59.7 billion by 2026, growing at a CAGR of 5.24% from 2019 to 2026. Uninterrupted power supply system market is projected to reach $9.4 billion by 2027, growing at a CAGR of 4.3% from 2020 to 2027. Pre-Book Now with 10% Discount: Secondary Battery Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Utility Battery Market: Global Opportunity Analysis and Industry Forecast 2021–2030 Disposable Batteries Market: Global Opportunity Analysis and Industry Forecast 2021–2030 Battery Analyzer Market: Global Opportunity Analysis and Industry Forecast 2021–2030 Alkaline Battery Market: Global Opportunity Analysis and Industry Forecast 2020–2027 Battery Technology Market: Global Opportunity Analysis and Industry Forecast 2021–2028 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. 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. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact us: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg |