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Home | Search Global IT News: IT News & Press Release Distribution: Industrial Batteries Market worth $28.1 billion by 2027   (IT-NEWSWIRE.COM, July 27, 2022 ) The report "Industrial Batteries Market With Covid-19 Impact Analysis, By Battery Type (Lead-acid, Lithium-ion), End-Use Industry (Stationary, Motive), and Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) - Global Forecast to 2027"The global Industrial batteries market size is projected to grow from USD 18.1 billion in 2022 to USD 28.1 billion by 2027, at a CAGR of 9.2% between 2022 and 2027. Increasing demand for grid energy storage systems owing to ongoing grid modernization is driving the Industrial batteries market. Solar and wind energy are the leading renewable energy types stored in grids. However, clouds or fluctuating wind currents lead to variations in the process of energy generation. Such fluctuations create the requirement for flexible grid systems utilized to store energy. Industrial batteries are becoming an integral part of grid modernization. These systems help grid operators save electricity when the electricity generated exceeds the demand. The adoption of these systems improves the reliability and flexibility of electricity supply systems with respect to the generation, transmission, and distribution of electric power. Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36754108 Lead-acid battery segment is estimated to lead the Industrial batteries market, in 2022 By battery type, the lead-acid battery accounted for the largest share in the overall Industrial batteries market. Lead-acid batteries have a demand high for automobiles due to their lightweight technology. The batteries have a low discharge rate and fast charging capabilities. These batteries can also tolerate overcharging, a definite advantage over other batteries. 95% of the lead-acid battery can be recycled. Due to their high number of advantages and recyclability, the market for lead-acid batteries is continuously growing. The stationary end-use industry is estimated to dominate the Industrial batteries market, in 2022 By end-use industry, the Stationary segment is expected to lead the overall Industrial batteries market in 2022. Stationary industrial batteries are utilized in UPS, telecommunication, and grid level or emergency power applications. These batteries are by nature shallow-cycle cells solely intended to remain close to fully charged for the majority of the lifetime of battery, with only a few occasional deep discharges. These batteries are utilized in static applications in the commercial and residential sectors, and also by utilities. Don't miss out on business opportunities in Industrial Batteries Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=36754108 Browse in-depth TOC on "Industrial Batteries Market” 302 - Market Data Tables 46 - Figures 260 - Pages and North America projected to account for the largest share in the Industrial batteries market during the forecast period In 2022, North America is estimated to account for the largest share in the Industrial batteries market and is projected to register the highest CAGR of 8.9% between 2022 and 2027. Growth of the North American market is attributed to the increasing demand for renewable energy storage systems in the residential, non-residential, and utility sectors. Companies such as Tesla, Inc., ABB, General Electric, and Honeywell are the key players in the region focusing on installing and providing industrial batteries-based energy storage systems. According to the U.S. Energy Information Administration, large-scale industrial batteries are increasingly being adopted across power grids in the US. Over 90% industrial battery power capacity in the US was provided by batteries based on the lithium-ion technology. The country is expected to account for a significant market share in the near future as it is home to various players. EnerSys, Inc. (US), C&D Technologies, Inc. (US), Exide Industries Ltd. (India), GS Yuasa Corporation (Japan), Crown Batteries (US), East Penn Manufacturing Company (US), Leoch International Technology Limited Inc. (China), Samsung SDI Co., Ltd. (South Korea), LG Chem (South Korea), Narada Power (China), Vision Group (China), Saft Groupe (France), Hoppecke (Germany), Tab (Slovenia), Sunlight (Greece), Yuasa (Thailand), Rolls Battery(Canada), U.S. Battery Manufacturing (US), Victron Energy (Netherlands) and SK Innovation (South Korea) are the key players in the market. Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=36754108 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. MarketsandMarkets™ Mr. Aashish Mehra 1-888-600-6441 raviraj.tak@marketsandmarkets.com Source: EmailWire.Com Source: EmailWire.com

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