Table of Content

"1    INTRODUCTION    39
1.1    STUDY OBJECTIVES    39
1.2    MARKET DEFINITION    39
1.2.1    INCLUSIONS AND EXCLUSIONS    40
1.3    STUDY SCOPE    40
1.3.1    MARKETS COVERED    40
FIGURE 1    INDUSTRIAL BATTERIES MARKET: SEGMENTATION    40
1.3.2    REGIONS COVERED    41
1.3.3    YEARS CONSIDERED    41
1.4    CURRENCY    42
1.5    UNIT CONSIDERED    42
1.6    STAKEHOLDERS    42
1.7    SUMMARY OF CHANGES    42
2    RESEARCH METHODOLOGY    44
2.1    RESEARCH DATA    44
FIGURE 2    INDUSTRIAL BATTERIES MARKET: RESEARCH DESIGN    44
2.1.1    SECONDARY AND PRIMARY RESEARCH    45
2.1.2    SECONDARY DATA    45
2.1.2.1    List of major secondary sources    45
2.1.2.2    Key data from secondary sources    46
2.1.3    PRIMARY DATA    46
2.1.3.1    Primary interviews with experts    47
2.1.3.2    Key data from primary sources    47
2.1.3.3    Key industry insights    47
2.1.3.4    Breakdown of primary interviews    48
2.2    MARKET SIZE ESTIMATION    48
2.2.1    BOTTOM-UP APPROACH    49
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    49
2.2.2    TOP-DOWN APPROACH    49
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    49
FIGURE 5    METHODOLOGY FOR DEMAND-SIDE SIZING OF
INDUSTRIAL BATTERIES MARKET (1/2)    50
FIGURE 6    METHODOLOGY FOR SUPPLY-SIDE SIZING OF
INDUSTRIAL BATTERIES MARKET (2/2)    50
2.3    DATA TRIANGULATION    51
FIGURE 7    INDUSTRIAL BATTERIES MARKET: DATA TRIANGULATION    51
2.4    RESEARCH ASSUMPTIONS    52
2.5    RISK ASSESSMENT    52
2.5.1    LIMITATIONS AND ASSOCIATED RISKS    52
3    EXECUTIVE SUMMARY    53
FIGURE 8    INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE    54
FIGURE 9    STATIONARY END-USE INDUSTRY ESTIMATED TO ACCOUNT
FOR LARGER SHARE OF INDUSTRIAL BATTERIES MARKET IN 2022    54
FIGURE 10    NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL BATTERIES MARKET IN 2022    55
4    PREMIUM INSIGHTS    57
4.1    ATTRACTIVE OPPORTUNITIES IN INDUSTRIAL BATTERIES MARKET    57
FIGURE 11    DEMAND FOR INDUSTRIAL BATTERIES TO INCREASE IN ASIA PACIFIC DURING FORECAST PERIOD    57
4.2    INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE    58
FIGURE 12    OTHER BATTERY TYPES SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    58
4.3    INDUSTRIAL BATTERIES MARKET SIZE, BY STATIONARY END-USE INDUSTRY    58
FIGURE 13    TELECOMMUNICATION SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022    58
4.4    INDUSTRIAL BATTERIES MARKET IN EUROPE, BY BATTERY TYPE AND COUNTRY    59
FIGURE 14    LEAD-ACID SEGMENT AND GERMANY ESTIMATED TO ACCOUNT FOR LARGEST SHARES IN EUROPE INDUSTRIAL BATTERIES MARKET IN 2022    59
4.5    INDUSTRIAL BATTERIES MARKET, BY REGION & BATTERY TYPE, IN 2022    60
FIGURE 15    LITHIUM-ION BATTERY TYPE ESTIMATED TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC IN 2022    60
4.6    INDUSTRIAL BATTERIES MARKET: MAJOR COUNTRIES    60
FIGURE 16    INDIA TO BE FASTEST-GROWING COUNTRY IN INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD    60
5    MARKET OVERVIEW    61
5.1    INTRODUCTION    61
5.2    MARKET DYNAMICS    61
FIGURE 17    DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN INDUSTRIAL BATTERIES MARKET    61
5.2.1    DRIVERS    62
5.2.1.1    Rising adoption of lithium-ion batteries in renewable energy sector    62
5.2.1.2    Increasing demand for grid energy storage systems owing to ongoing grid modernization    63
5.2.2    RESTRAINTS    63
5.2.2.1    Availability of low-cost substitutes    63
5.2.2.2    Issues related to transportation and storage of used or spent batteries    63
5.2.3    OPPORTUNITIES    64
5.2.3.1    Advancements in telecommunication sector    64
5.2.3.2    Increasing battery innovation initiatives by established players    64

5.2.4    CHALLENGES    65
5.2.4.1    Limited usage and overheating issues of industrial batteries    65
5.2.4.2    Disruptions in supply chain due to COVID-19 pandemic    65
5.3    PORTER’S FIVE FORCES ANALYSIS    66
FIGURE 18    INDUSTRIAL BATTERIES MARKET: PORTER’S FIVE FORCES ANALYSIS    66
5.3.1    BARGAINING POWER OF SUPPLIERS    66
5.3.2    BARGAINING POWER OF BUYERS    67
5.3.3    THREAT OF NEW ENTRANTS    67
5.3.4    THREAT OF SUBSTITUTES    67
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    67
TABLE 1    PORTER’S FIVE FORCES ANALYSIS    68
5.4    MACROECONOMIC INDICATORS    68
5.4.1    GDP TRENDS AND FORECAST OF MAJOR ECONOMIES    68
TABLE 2    PROJECTED REAL GDP GROWTH (ANNUAL PERCENT CHANGE) OF KEY COUNTRIES    68
5.5    IMPACT OF COVID-19    69
5.5.1    INTRODUCTION    69
5.5.2    DISRUPTIONS IN INDUSTRY    69
5.5.3    CHANGES IN STRATEGIES TO OVERCOME SUPPLY CHAIN CONSTRAINTS    69
5.5.4    NEW MARKET OPPORTUNITIES/GROWTH OPPORTUNITIES    69
5.6    CASE STUDY ANALYSIS    70
5.6.1    COLLABORATION BETWEEN NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) LAUNCHED GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM    70
5.6.2    DEPLOYMENT OF OFF-GRID BATTERY ENERGY STORAGE SYSTEMS FOR RENEWABLE ENERGY PROJECT    70
5.6.3    SAFT GROUP’S LITHIUM-ION BATTERIES USED IN IOT PLATFORM    70
5.7    TECHNOLOGY ANALYSIS    70
5.7.1    LITHIUM METAL BATTERY    71
5.7.2    LITHIUM-SULFUR BATTERIES    71
5.7.3    SODIUM-SULFUR BATTERIES    71
5.7.4    COBALT-FREE BATTERIES    71
5.7.5    METAL-AIR BATTERIES    72
5.7.6    LIQUID-METAL BATTERIES    72
5.7.7    POTASSIUM METAL BATTERIES    72
5.7.8    ZINC MANGANESE BATTERIES    72
5.7.9    VANADIUM-FLOW BATTERIES    72
5.7.10    GOLD NANOWIRE GEL ELECTROLYTE BATTERIES    73
5.8    VALUE CHAIN ANALYSIS    73
FIGURE 19    VALUE CHAIN ANALYSIS: INDUSTRIAL BATTERIES MARKET    73
5.9    AVERAGE SELLING PRICE ANALYSIS, BY END-USE INDUSTRY    75
TABLE 3    INDUSTRIAL BATTERIES MARKET: AVERAGE SELLING PRICE ANALYSIS, 2018–2021, (USD/ KWH)    75
TABLE 4    INDUSTRIAL BATTERIES MARKET: AVERAGE SELLING
PRICE ANALYSIS, 2022–2027, (USD/KWH)    75
5.10    TARIFF AND REGULATORY LANDSCAPE    75
5.10.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    75
TABLE 5    NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    75
TABLE 6    EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    76
TABLE 7    ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    77
TABLE 8    REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS    77
5.11    ECOSYSTEM    78
FIGURE 20    INDUSTRIAL BATTERIES MARKET: ECOSYSTEM    78
5.12    KEY CONFERENCES & EVENTS IN 2022–2023    79
TABLE 9    BATTERY ENERGY STORAGE SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS    79
5.13    TRADE ANALYSIS    82
TABLE 10    LITHIUM-ION BATTERY IMPORT DATA FOR TOP COUNTRIES,
2017–2021 (USD)    82
TABLE 11    LITHIUM-ION BATTERY EXPORT DATA FOR TOP COUNTRIES,
2017–2021 (USD)    82
5.14    KEY STAKEHOLDERS & BUYING CRITERIA    83
5.14.1    INTRODUCTION    83
5.14.2    KEY STAKEHOLDERS IN BUYING PROCESS    83
TABLE 12    INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP THREE END USES (%)    83
FIGURE 21    KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS    83
5.14.3    BUYING CRITERIA    84
FIGURE 22    KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS    84
TABLE 13    KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS    84
5.15    PATENT ANALYSIS    85
5.15.1    INTRODUCTION    85
5.15.2    METHODOLOGY    85
5.15.3    DOCUMENT TYPE    85
FIGURE 23    PATENT APPLICATIONS ACCOUNTED FOR 51.5% SHARE DURING LAST TEN YEARS    85
TABLE 14    PATENT ANALYSIS DURING LAST TEN YEARS    86
FIGURE 24    PUBLICATION TRENDS FOR LAST TEN YEARS    86
5.15.4    INSIGHTS    86
5.15.5    LEGAL STATUS OF PATENTS    86
FIGURE 25    PATENT LEGAL STATUS    87
FIGURE 26    JURISDICTION ANALYSIS    87
5.15.6    TOP COMPANIES/ APPLICANTS    87
FIGURE 27    TOP COMPANY APPLICANTS WITH HIGHEST NUMBER OF PATENTS    88
TABLE 15    LIST OF PATENTS BY GS YUASA INTERNATIONAL LIMITED    88
TABLE 16    LIST OF PATENTS BY CHAOWEI POWER CO.LTD.    89
TABLE 17    LIST OF PATENTS BY LEOCH BATTERY CO. LTD.    90
TABLE 18    TOP TEN PATENT OWNERS (US) DURING LAST TEN Y EARS    91
5.16    TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES    91
6    INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE    93
6.1    INTRODUCTION    94
FIGURE 28    LEAD-ACID BATTERY SEGMENT PROJECTED TO LEAD INDUSTRIAL BATTERIES MARKET DURING FORECAST PERIOD    94
TABLE 19    INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    94
TABLE 20    INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    95
6.2    LEAD-ACID    95
6.2.1    INCREASING ADOPTION OF LEAD-ACID BATTERIES IN GRID ENERGY STORAGE    95
TABLE 21    LEAD-ACID BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    96
TABLE 22    LEAD-ACID BATTERY MARKET SIZE, BY END-USE INDUSTRY,
 2022–2027 (USD MILLION)    96
TABLE 23    LEAD-ACID BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    96
TABLE 24    LEAD-ACID BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    96
TABLE 25    LEAD-ACID BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)    97
TABLE 26    LEAD-ACID BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)    97
TABLE 27    STATIONARY LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    97
TABLE 28    STATIONARY LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    97
TABLE 29    LEAD-ACID BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
 2018–2021 (USD MILLION)    98
TABLE 30    LEAD-ACID BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)    98
TABLE 31    MOTIVE LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    98
TABLE 32    MOTIVE LEAD-ACID BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    99
6.3    LITHIUM-ION    99
6.3.1    DECREASE IN PRICES TO INCREASE DEMAND FOR LITHIUM-ION BATTERIES    99
TABLE 33    LITHIUM-ION BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    100
TABLE 34    LITHIUM-ION BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    100
TABLE 35    LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    100
TABLE 36    LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    100
TABLE 37    LITHIUM-ION BATTERY MARKET SIZE, BY STATIONARY
END-USE INDUSTRY, 2018–2021 (USD MILLION)    101
TABLE 38    LITHIUM-ION BATTERY MARKET SIZE, BY STATIONARY
END-USE INDUSTRY, 2022–2027 (USD MILLION)    101
TABLE 39    STATIONARY LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    101
TABLE 40    STATIONARY LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    102
TABLE 41    LITHIUM-ION BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)    102
TABLE 42    LITHIUM-ION BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)    102
TABLE 43    MOTIVE LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    103
TABLE 44    MOTIVE LITHIUM-ION BATTERY MARKET SIZE, BY REGION,
 2022–2027 (USD MILLION)    103
6.4    OTHERS    103
6.4.1    LESS EXPENSIVE BATTERIES TO DRIVE DEMAND    103
TABLE 45    OTHERS BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    104
TABLE 46    OTHERS BATTERY MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    104
TABLE 47    OTHERS BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    104
TABLE 48    OTHERS BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    104
TABLE 49    OTHERS BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY,
2018–2021 (USD MILLION)    105
TABLE 50    OTHERS BATTERY MARKET SIZE, BY STATIONARY END-USE INDUSTRY,
2022–2027 (USD MILLION)    105
TABLE 51    STATIONARY OTHERS BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    105
TABLE 52    STATIONARY OTHERS BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    105
TABLE 53    OTHERS BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)    106
TABLE 54    OTHERS BATTERY MARKET SIZE, BY MOTIVE APPLICATION,
 2022–2027 (USD MILLION)    106
TABLE 55    MOTIVE OTHERS BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    106
TABLE 56    MOTIVE OTHERS BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    107

7    INDUSTRIAL BATTERIES MARKET, MARKET BY END-USE INDUSTRY    108
7.1    INTRODUCTION    109
FIGURE 29    STATIONARY END-USE INDUSTRY PROJECTED TO LEAD INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027    109
TABLE 57    INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    109
TABLE 58    INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    110
TABLE 59    INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2018–2021 (GWH)    110
TABLE 60    INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,
2022–2027 (GWH)    110
7.2    STATIONARY INDUSTRIAL BATTERIES    110
FIGURE 30    ASIA PACIFIC PROJECTED TO LEAD STATIONARY END-USE INDUSTRY SEGMENT OF INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027    111
TABLE 61    STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    111
TABLE 62    STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY END-USE INDUSTRY,  2022–2027 (USD MILLION)    111
TABLE 63    STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    112
TABLE 64    STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,  
2022–2027 (USD MILLION)    112
TABLE 65    STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    112
TABLE 66    STATIONARY INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    113
7.2.1    TELECOMMUNICATION    113
TABLE 67    TELECOMMUNICATION BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    113
TABLE 68    TELECOMMUNICATION BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    113
TABLE 69    TELECOMMUNICATION BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    114
TABLE 70    TELECOMMUNICATION BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    114
7.2.2    UNINTERRUPTIBLE POWER SUPPLY (UPS)/BACKUP    114
TABLE 71    UPS BATTERIES MARKET SIZE, BY DATA CENTER TYPE,
2018–2021 (USD MILLION)    115
TABLE 72    UPS BATTERIES MARKET SIZE, BY DATA CENTER TYPE,
2022–2027 (USD MILLION)    115
TABLE 73    UPS BATTERIES MARKET SIZE, BY BATTERY TYPE, 2018–2021 (USD MILLION)    115
TABLE 74    UPS BATTERIES MARKET SIZE, BY BATTERY TYPE, 2022–2027 (USD MILLION)    115
TABLE 75    UPS BATTERIES MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    116
TABLE 76    UPS BATTERIES MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    116
7.2.3    GRID LEVEL    116
TABLE 77    GRID LEVEL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    117
TABLE 78    GRID LEVEL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    117
TABLE 79    GRID LEVEL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    117
TABLE 80    GRID LEVEL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    117
7.3    MOTIVE INDUSTRIAL BATTERY    118
FIGURE 31    NORTH AMERICA PROJECTED TO LEAD MOTIVE INDUSTRIAL BATTERY SEGMENT OF INDUSTRIAL BATTERIES MARKET BETWEEN 2022 AND 2027    118
TABLE 81    MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY APPLICATION,
2018–2021 (USD MILLION)    118
TABLE 82    MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY APPLICATION,
 2022–2027 (USD MILLION)    119
TABLE 83    MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    119
TABLE 84    MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    119
TABLE 85    MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    120
TABLE 86    MOTIVE INDUSTRIAL BATTERIES MARKET SIZE, BY BATTERY TYPE,
 2022–2027 (USD MILLION)    120
7.3.1    LOW SPEED ELECTRIC VEHICLES    120
TABLE 87    LSEV BATTERY MARKET SIZE, BY APPLICATION, 2018–2021 (USD MILLION)    120
TABLE 88    LSEV BATTERY MARKET SIZE, BY APPLICATION, 2022–2027 (USD MILLION)    121
TABLE 89    LSEV BATTERY MARKET SIZE, BY BATTERY TYPE, 2018–2021 (USD MILLION)    121
TABLE 90    LSEV BATTERY MARKET SIZE, BY BATTERY TYPE, 2022–2027 (USD MILLION)    121
TABLE 91    LSEV BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    121
TABLE 92    LSEV BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    122
7.3.2    FLOOR SCRUBBERS    122
TABLE 93    FLOOR SCRUBBER BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    122
TABLE 94    FLOOR SCRUBBER BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    122
TABLE 95    FLOOR SCRUBBER BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    123
TABLE 96    FLOOR SCRUBBER BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    123
7.3.3    MATERIAL HANDLING    123
TABLE 97    MATERIAL HANDLING BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    123
TABLE 98    MATERIAL HANDLING BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    124
TABLE 99    MATERIAL HANDLING BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    124
TABLE 100    MATERIAL HANDLING BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    124
7.3.4    MARINE    124
TABLE 101    MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    125
TABLE 102    MARINE BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    125
TABLE 103    MARINE BATTERY MARKET SIZE, BY REGION, 2018–2021 (USD MILLION)    125
TABLE 104    MARINE BATTERY MARKET SIZE, BY REGION, 2022–2027 (USD MILLION)    125
7.3.5    RECREATIONAL VEHICLES    126
TABLE 105    RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY BATTERY TYPE,
2018–2021 (USD MILLION)    126
TABLE 106    RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY BATTERY TYPE,
2022–2027 (USD MILLION)    126
TABLE 107    RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY REGION,
2018–2021 (USD MILLION)    126
TABLE 108    RECREATIONAL VEHICLE BATTERY MARKET SIZE, BY REGION,
2022–2027 (USD MILLION)    127
8    INDUSTRIAL BATTERIES MARKET, BY REGION    128
8.1    INTRODUCTION    129
FIGURE 32    NORTH AMERICA IS EXPECTED TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD    129
TABLE 109    GLOBAL: INDUSTRIAL BATTERIES MARKET, BY REGION,
2018–2021 (USD MILLION)    130
TABLE 110    GLOBAL: INDUSTRIAL BATTERIES MARKET, BY REGION,
2022–2027 (USD MILLION)    130
8.2    NORTH AMERICA    130
FIGURE 33    NORTH AMERICA INDUSTRIAL BATTERIES MARKET SNAPSHOT, 2021    131
TABLE 111    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)    131
TABLE 112    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    132
TABLE 113    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    132
TABLE 114    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    132
TABLE 115    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)    132
TABLE 116    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)    133
TABLE 117    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)    133
TABLE 118    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)    133
TABLE 119    NORTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)    134
TABLE 120    NORTH AMERICA: INDUTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)    134
8.2.1    US    134
8.2.1.1    Demand for batteries in grid level energy storage expected to fuel demand for industrial batteries    134
TABLE 121    US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    135
TABLE 122    US: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    135
8.2.2    CANADA    135
8.2.2.1    Industrial batteries market expected to grow due to high demand from telecom industry    135
TABLE 123    CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    135
TABLE 124    CANADA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    136
8.2.3    MEXICO    136
8.2.3.1    Demand for industrial batteries attributed to expanding domestic automotive industry    136
TABLE 125    MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    136
TABLE 126    MEXICO: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    136
8.3    ASIA PACIFIC    137
FIGURE 34    ASIA PACIFIC MARKET: SNAPSHOT    137
TABLE 127    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2018–2021 (USD MILLION)    138
TABLE 128    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    138
TABLE 129    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    138
TABLE 130    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    138
TABLE 131    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)    139
TABLE 132    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)    139
TABLE 133    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)    139
TABLE 134    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)    140
TABLE 135    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)    140
TABLE 136    ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
 2022–2027 (USD MILLION)    140
8.3.1    CHINA    141
8.3.1.1    China accounts for largest share of market in Asia Pacific    141
TABLE 137    CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    141
TABLE 138    CHINA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    141
8.3.2    JAPAN    142
8.3.2.1    Expansion of R&D resources by battery giants supporting market growth    142
TABLE 139    JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    142
TABLE 140    JAPAN: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    142
8.3.3    INDIA    143
8.3.3.1    Rising adoption of electric transport expected to drive market    143
TABLE 141    INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    143
TABLE 142    INDIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    144
8.3.4    REST OF ASIA PACIFIC    144
TABLE 143    REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    144
TABLE 144    REST OF ASIA PACIFIC: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    145
8.4    EUROPE    145
FIGURE 35    EUROPE MARKET: SNAPSHOT    146
TABLE 145    EUROPE: INDUSTRIAL BATTERIES MARKET, BY COUNTRY,
 2018–2021 (USD MILLION)    146
TABLE 146    EUROPE: INDUTRIAL BATTERIES MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    147
TABLE 147    EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
 2018–2021 (USD MILLION)    147
TABLE 148    EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    147
TABLE 149    EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION,
2018–2021 (USD MILLION)    147
TABLE 150    EUROPE: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION,
2022–2027 (USD MILLION)    148
TABLE 151    EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)    148
TABLE 152    EUROPE: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)    148
TABLE 153    EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)    149
TABLE 154    EUROPE: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)    149
8.4.1    GERMANY    149
8.4.1.1    Increasing expansion of residential storage sector
to boost market growth    149
TABLE 155    GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    150
TABLE 156    GERMANY: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    150
8.4.2    UK    150
8.4.2.1    Government initiatives for growth of EV industry to support market growth    150
TABLE 157    UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    151
TABLE 158    UK: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    151
8.4.3    FRANCE    151
8.4.3.1    Surging penetration of renewable energy boosting market growth in France    151
TABLE 159    FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    152
TABLE 160    FRANCE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
 2022–2027 (USD MILLION)    152
8.4.4    REST OF EUROPE    152
TABLE 161    REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    153
TABLE 162    REST OF EUROPE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    153
8.5    MIDDLE EAST & AFRICA    153
TABLE 163    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    153
TABLE 164    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    154
TABLE 165    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    154
TABLE 166    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    154
TABLE 167    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)    155
TABLE 168    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)    155
TABLE 169    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)    155
TABLE 170    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)    156
TABLE 171    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)    156
TABLE 172    MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)    156
8.5.1    SAUDI ARABIA    156
8.5.1.1    Growing economy expected to boost demand for industrial batteries    156
TABLE 173    SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    157
TABLE 174    SAUDI ARABIA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    157
8.5.2    UAE    157
8.5.2.1    Growth of telecom & data communication sector to drive market    157
TABLE 175    UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    157
TABLE 176    UAE: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    158
8.5.3    SOUTH AFRICA    158
8.5.3.1    Rising demand for portable devices expected to fuel demand for industrial batteries    158
TABLE 177    SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    158
TABLE 178    SOUTH AFRICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    158
8.5.4    REST OF MIDDLE EAST & AFRICA    158
TABLE 179    REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,
BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    159
TABLE 180    REST OF MIDDLE EAST & AFRICA: INDUSTRIAL BATTERIES MARKET,
 BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    159
8.6    SOUTH AMERICA    159
TABLE 181    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    159
TABLE 182    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    160
TABLE 183    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2018–2021 (USD MILLION)    160
TABLE 184    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY, 2022–2027 (USD MILLION)    160
TABLE 185    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2018–2021 (USD MILLION)    160
TABLE 186    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY MOTIVE APPLICATION, 2022–2027 (USD MILLION)    161
TABLE 187    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2018–2021 (USD MILLION)    161
TABLE 188    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY STATIONARY END-USE INDUSTRY, 2022–2027 (USD MILLION)    161
TABLE 189    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2018–2021 (USD MILLION)    162
TABLE 190    SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY BATTERY TYPE,
2022–2027 (USD MILLION)    162
8.6.1    BRAZIL    162
8.6.1.1    Rising demand for consumer and automotive batteries expected to increase demand    162
TABLE 191    BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2018–2021 (USD MILLION)    162
TABLE 192    BRAZIL: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,
2022–2027 (USD MILLION)    163
8.6.2    REST OF SOUTH AMERICA    163
TABLE 193    REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,2018–2021 (USD MILLION)    163
TABLE 194    REST OF SOUTH AMERICA: INDUSTRIAL BATTERIES MARKET, BY END-USE INDUSTRY,2022–2027 (USD MILLION)    163
9    COMPETITIVE LANDSCAPE    164
9.1    INTRODUCTION    164
TABLE 195    KEY DEVELOPMENTS IN INDUSTRIAL BATTERIES MARKET (2020–2022)    164
9.1.1    REVENUE ANALYSIS OF TOP COMPANIES    165
FIGURE 36    INDUSTRIAL BATTERIES MARKET: REVENUE ANALYSIS (2020)    165
9.2    MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021    166
TABLE 196    INDUSTRIAL BATTERIES MARKET: DEGREE OF COMPETITION    166
9.3    COMPANY EVALUATION QUADRANT, 2021    168
9.3.1    STAR    168
9.3.2    EMERGING LEADER    168
9.3.3    PERVASIVE    168
9.3.4    PARTICIPANT    168
FIGURE 37    INDUSTRIAL BATTERIES MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021    169
9.4    SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021    170
9.4.1    PROGRESSIVE COMPANY    170
9.4.2    RESPONSIVE COMPANY    170
9.4.3    DYNAMIC COMPANY    170
9.4.4    STARTING BLOCK    170
FIGURE 38    INDUSTRIAL BATTERIES MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021    171
9.5    INDUSTRIAL BATTERIES MARKET: STARTUP MATRIX    172
TABLE 197    INDUSTRIAL BATTERIES MARKET: DETAILED LIST OF KEY STARTUPS/SMES    172
TABLE 198    INDUSTRIAL BATTERIES MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES    172
9.6    INDUSTRIAL BATTERIES MARKET: COMPANY FOOTPRINT    173
TABLE 199    COMPANY FOOTPRINT: BY END-USE INDUSTRY    173
TABLE 200    COMPANY FOOTPRINT: BY REGION    174
TABLE 201    COMPANY FOOTPRINT    175
9.7    COMPETITIVE SCENARIO AND TRENDS    176
9.7.1    PRODUCT LAUNCHES    176
TABLE 202    INDUSTRIAL BATTERIES MARKET: PRODUCT LAUNCHES,
FEBRUARY 2020–JANUARY 2022    176
9.7.2    DEALS    178
TABLE 203    INDUSTRIAL BATTERIES MARKET: DEALS, FEBRUARY 2020–JANUARY 202    178
9.7.3    OTHERS    178
TABLE 204    INDUSTRIAL BATTERIES MARKET: OTHERS, FEBRUARY 2020–JANUARY 2022    178

10    COMPANY PROFILES    180
10.1    KEY PLAYERS    180
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
10.1.1    ENERSYS INC.    180
TABLE 205    ENERSYS, INC.: COMPANY OVERVIEW    180
FIGURE 39    ENERSYS, INC.: COMPANY SNAPSHOT    181
TABLE 206    ENERSYS, INC.: PRODUCT OFFERINGS    181
TABLE 207    ENERSYS, INC.: PRODUCT LAUNCHES    184
TABLE 208    ENERSYS, INC.: OTHER DEVELOPMENTS    184
10.1.2    C&D TECHNOLOGIES, INC.    186
TABLE 209    C&D TECHNOLOGIES, INC.: COMPANY OVERVIEW    186
TABLE 210    C&D TECHNOLOGIES, INC.: PRODUCT OFFERINGS    186
10.1.3    GS YUASA CORPORATION    190
TABLE 211    GS YUASA CORPORATION: COMPANY OVERVIEW    190
FIGURE 40    GS YUASA CORPORATION: COMPANY SNAPSHOT    191
TABLE 212    GS YUASA CORPORATION: PRODUCT OFFERINGS    192
TABLE 213    GS YUASA CORPORATION: PRODUCT LAUNCHES    193
TABLE 214    GS YUASA CORPORATION: DEALS    193
TABLE 215    GS YUASA CORPORATION: OTHERS    194
10.1.4    EXIDE INDUSTRIES    196
TABLE 216    EXIDE INDUSTRIES: COMPANY OVERVIEW    196
FIGURE 41    EXIDE INDUSTRIES: COMPANY SNAPSHOT    197
TABLE 217    EXIDE INDUSTRIES: PRODUCT OFFERINGS    197
TABLE 218    EXIDE INDUSTRIES: OTHERS    200
10.1.5    CROWN BATTERY    201
TABLE 219    CROWN BATTERY: COMPANY OVERVIEW    201
TABLE 220    CROWN BATTERY: PRODUCT OFFERINGS    201
10.1.6    EAST PENN MANUFACTURING COMPANY    202
TABLE 221    EAST PENN MANUFACTURING: COMPANY OVERVIEW    202
TABLE 222    EAST PENN MANUFACTURING: PRODUCT OFFERINGS    202
TABLE 223    EAST PENN MANUFACTURING: PRODUCT LAUNCHES    203
10.1.7    LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.    204
TABLE 224    LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: COMPANY OVERVIEW    204
FIGURE 42    LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: COMPANY SNAPSHOT    205
TABLE 225    LEOCH INTERNATIONAL TECHNOLOGY LIMITED INC.: PRODUCT OFFERINGS    205
10.1.8    SAMSUNG SDI CO., LTD.    207
TABLE 226    SAMSUNG SDI CO., LTD.: COMPANY OVERVIEW    207
FIGURE 43    SAMSUNG SDI CO., LTD.: COMPANY SNAPSHOT    208
TABLE 227    SAMSUNG SDI CO., LTD.: PRODUCT OFFERINGS    209
TABLE 228    SAMSUNG SDI CO., LTD.: PRODUCT LAUNCHES    209
10.1.9    SK INNOVATION    211
TABLE 229    SK INNOVATION: COMPANY OVERVIEW    211
FIGURE 44    SK INNOVATION: COMPANY SNAPSHOT    212
TABLE 230    SK INNOVATION: PRODUCT OFFERINGS    212
TABLE 231    SK INNOVATION: DEALS    213
TABLE 232    SK INNOVATION: OTHERS    213
10.1.10    NARADA POWER    214
TABLE 233    NARADA POWER: COMPANY OVERVIEW    214
TABLE 234    NARADA POWER: PRODUCT OFFERINGS    214
TABLE 235    NARADA POWER: PRODUCT LAUNCHES    216
TABLE 236    NARADA POWER: DEALS    217
10.1.11    VISION GROUP    218
TABLE 237    VISION GROUP: COMPANY OVERVIEW    218
TABLE 238    VISION GROUP: PRODUCT OFFERINGS    218
TABLE 239    VISION GROUP: PRODUCT LAUNCHES    219
10.1.12    LG CHEM    220
TABLE 240    LG CHEM: COMPANY OVERVIEW    220
FIGURE 45    LG CHEM: COMPANY SNAPSHOT    221
TABLE 241    LG CHEM: PRODUCT OFFERINGS    221
TABLE 242    LG CHEM: PRODUCT LAUNCHES    222
TABLE 243    LG CHEM: DEALS    222
10.1.13    YUASA BATTERY (THAILAND) PUBLIC COMPANY LIMITED    224
TABLE 244    YUASA BATTERY (THAILAND) PUBLIC COMPANY LIMITED: COMPANY OVERVIEW    224
FIGURE 46    YUASA BATTERY (THAILAND) PUBLIC COMPANY LIMITED: COMPANY SNAPSHOT    224
TABLE 245    YUASA BATTERY (THAILAND) PUBLIC COMPANY LIMITED: PRODUCT OFFERINGS    225
10.1.14    HOPPECKE    226
TABLE 246    HOPPECKE: COMPANY OVERVIEW    226
TABLE 247    HOPPECKE: PRODUCT OFFERINGS    226
TABLE 248    HOPPECKE: PRODUCT LAUNCHES    228
TABLE 249    HOPPECKE: DEALS    228
10.1.15    SUNLIGHT    229
TABLE 250    SUNLIGHT: COMPANY OVERVIEW    229
TABLE 251    SUNLIGHT: PRODUCT OFFERINGS    229
10.1.16    TAB    232
TABLE 252    TAB: COMPANY OVERVIEW    232
TABLE 253    TAB: PRODUCT OFFERINGS    232
TABLE 254    TAB: DEALS    233
10.1.17    RELION    234
TABLE 255    RELION: BUSINESS OVERVIEW    234
TABLE 256    RELION: PRODUCT OFFERINGS    234
TABLE 257    RELION: PRODUCT LAUNCHES    235
TABLE 258    RELION: DEALS    235
TABLE 259    RELION: OTHERS    235"
"10.1.18    ONECHARGE    236
TABLE 260    ONECHARGE: BUSINESS OVERVIEW    236
TABLE 261    ONECHARGE: PRODUCT OFFERINGS    236
TABLE 262    ONECHARGE: DEALS    237
TABLE 263    ONECHARGE: PRODUCT LAUNCHES    237
TABLE 264    ONECHARGE: OTHERS    238
10.1.19    RITAR INTERNATIONAL GROUP    239
TABLE 265    RITAR INTERNATIONAL GROUP: COMPANY OVERVIEW    239
TABLE 266    RITAR INTERNATIONAL GROUP: PRODUCT OFFERINGS    239
TABLE 267    RITAR INTERNATIONAL GROUP: OTHERS    240
10.1.20    U.S. BATTERY MFG.    241
TABLE 268    U.S. BATTERY MFG.: COMPANY OVERVIEW    241
TABLE 269    U.S. BATTERY MFG.: PRODUCT OFFERINGS    241
10.2    OTHER PLAYERS    243
10.2.1    AMARON BATTERIES    243
TABLE 270    AMARON BATTERIES: COMPANY OVERVIEW    243
10.2.2    SAFT GROUPE    244
TABLE 271    SAFT GROUPE: COMPANY OVERVIEW    244
10.2.3    ROLLS BATTERY    244
TABLE 272    ROLLS BATTERY: COMPANY OVERVIEW    244
10.2.4    VICTRON ENERGY    245
TABLE 273    VICTRON ENERGY: COMPANY OVERVIEW    245
10.2.5    NORTHVOLT AB    245
TABLE 274    NORTHVOLT AB: COMPANY OVERVIEW    245
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
11    ADJACENT MARKETS    246
11.1    INTRODUCTION    246
11.2    LIMITATIONS    246
11.3    BATTERY ENERGY STORAGE SYSTEM MARKET    246
11.3.1    MARKET DEFINITION    246
11.3.2    MARKET OVERVIEW    246
11.4    BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION    247
TABLE 275    LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION)    247
TABLE 276    LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION)    247
TABLE 277    LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    248
TABLE 278    LEAD-ACID BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,
 2022–2027 (USD MILLION)    248
TABLE 279    FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,
2018–2021 (USD MILLION)    248
TABLE 280    FLOW BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    249
TABLE 281    OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,
 2018–2021 (USD MILLION)    249
TABLE 282    OTHER BATTERY ENERGY STORAGE SYSTEM MARKET, BY REGION,
2022–2027 (USD MILLION)    249
11.4.1    NORTH AMERICA    250
11.4.1.1    By country    250
TABLE 283    NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET,
 BY COUNTRY, 2018–2021 (USD MILLION)    250
TABLE 284    NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY COUNTRY, 2022–2027 (USD MILLION)    250
TABLE 285    NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)    250
TABLE 286    NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)    251
TABLE 287    NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)    251
TABLE 288    NORTH AMERICA: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)    251
11.4.2    EUROPE    252
11.4.2.1    By country    252
TABLE 289    EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY,
2018–2021 (USD MILLION)    252
TABLE 290    EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY,
2022–2027 (USD MILLION)    252
TABLE 291    EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)    252
TABLE 292    EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)    253
TABLE 293    EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)    253
TABLE 294    EUROPE: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)    253
11.4.3    ASIA PACIFIC    254
11.4.3.1    By country    254
TABLE 295    ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2018–2021 (USD MILLION)    254
TABLE 296    ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY COUNTRY, 2022–2027 (USD MILLION)    254
TABLE 297    ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)    254
TABLE 298    ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)    255
TABLE 299    ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)    255
TABLE 300    ASIA PACIFIC: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY APPLICATION, 2022–2027 (USD MILLION)    255
11.4.4    REST OF THE WORLD (ROW)    256
11.4.4.1    By region    256
TABLE 301    REST OF THE WORLD: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY REGION, 2018–2021 (USD MILLION)    256
TABLE 302    REST OF THE WORLD: BATTERY ENERGY STORAGE SYSTEM MARKET,
 BY REGION, 2022–2027 (USD MILLION)    256
TABLE 303    REST OF THE WORLD: BATTERY ENERGY STORAGE SYSTEM MARKET,
 BY BATTERY TYPE, 2018–2021 (USD MILLION)    256
TABLE 304    REST OF THE WORLD: BATTERY ENERGY STORAGE SYSTEM MARKET,
 BY BATTERY TYPE, 2022–2027 (USD MILLION)    257
TABLE 305    REST OF THE WORLD: BATTERY ENERGY STORAGE SYSTEM MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)    257
TABLE 306    REST OF THE WORLD: BATTERY ENERGY STORAGE SYSTEM MARKET,
 BY APPLICATION, 2022–2027 (USD MILLION)    257
12    APPENDIX    259
12.1    INSIGHTS OF INDUSTRY EXPERTS    259
12.2    DISCUSSION GUIDE    260
12.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    262
12.4    AVAILABLE CUSTOMIZATIONS    264
12.5    RELATED REPORTS    264
12.6    AUTHOR DETAILS    265"