- In October 2021, Samsung SDI and Stellantis N.V. announced a memorandum of understanding (MOU) to form a joint venture (JV) to manufacture battery cells and modules in North America. It intends to begin construction in 2025. The plant is expected to have an initial annual production capacity of 23 gigatonne-hours, with the potential to expand to 40 gigatonne-hours in the future
- The Chhattisgarh State Renewable Energy Development Agency (CREDA) invited bids in June 2021 for a tender to purchase 15,000 low-maintenance lead-acid batteries with a five-year on-site warranty for use in solar applications of various capacities. The contract was valued at approximately USD 1.37 million
Frequently Asked Questions
The market is segmented based on Segmentation, By Type (Lead-Acid, Nickel-Based, Lithium-Based, Others), End-User Industry (Telecom and Data Communication, Uninterruptible Power Supply (UPS)/Backup, Grid-Level Energy Storage, Industrial Equipment, Others) – Industry Trends and Forecast to 2032.
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The Global Industrial Batteries Market size was valued at USD 12.97 USD Billion in 2024.
The Global Industrial Batteries Market is projected to grow at a CAGR of 7.1% during the forecast period of 2025 to 2032.
The major players operating in the market include Johnson Controls, Exide Technologies, Enersys, Saft Groupe, GS Yuasa Corp, Northstar Battery Company, C&D Technologies, Robert Bosch, East Penn Manufacturing Co, Toshiba International Corporation.
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
