MRRS adds "Industrial Batteries Market by type, end-user industry and region – Global Forecast to 2021" latest studies,published in December 2016. It is a professional and in-depth study.
The industrial batteries market is projected to reach USD 10.84 billion by 2021, at a CAGR of 6.5% between 2016 and 2021. The rising demand for grid-connected solutions, government incentives for the use of green and clean energy, and recyclability of the batteries are expected to propel the growth of the market.
“Telecom & Data Communication was the largest end-user industry segment of the industrial batteries market”
Telecom & data communication was the largest segment of the industrial batteries market in 2015, and is projected to be the fastest-growing segment from 2016 to 2021. The growth of this segment can be mainly attributed to the growth in the telecom industry and increasing demand for high efficiency power backup.
“The Lithium-based industrial batteries segment projected to grow at the highest CAGR”
Based on type, lead-acid batteries was the largest segment of the industrial batteries market in 2015. Lithium-based batteries is expected to be the fastest-growing segment of the market, since these batteries are rapidly being adopted owing to their increased life, recyclability, and low emission.
Figure And Tables
TABLE 1 INDUSTRIAL BATTERIES MARKET, BY TYPE 35
TABLE 2 INDUSTRIAL BATTERIES MARKET, BY END-USER INDUSTRY 35
TABLE 3 INDUSTRIAL BATTERIES MARKET, BY TYPE, 2014-2021 (USD MILLION) 45
TABLE 4 LEAD-ACID INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2014–2021 (USD MILLION) 47
TABLE 5 NICKEL-BASED INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2014–2021 (USD MILLION) 49
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