Industrial Batteries Market Growth, Size, Share, Trends, Demand by Segmentation, Top Key Player and Analysis by 2027

 Market Overview:

Industrial batteries are mechanically designed to endure harsh environments for a prolonged period of time while surviving thousands of recharge cycles and operating under a wide temperature range. Industrial batteries find application in core industries such as Power, Oil & Gas, Steel, Cement, Telecom, Railways, Urban Metro, IT, Financial Institutions, and Non-Conventional Energy Systems. Expansion of key end-user industries translates growth into the global Industrial Batteries Market. The global Industrial Batteries Market is expanding at a torrid pace and is likely to scale to a significant valuation over the forecast period of 2017-2023, predicts Market Research Future (MRFR) in a thoroughly studied report.

The fourth industrial revolution represents mammoth growth opportunities to the global Industrial Batteries Market. Batteries are an absolute essential for the industrial revolution as they facilitate energy storage on a mass scale. Growing electrification projects across the globe are also likely to augment the growth of the global Industrial Batteries Market.

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The automotive industry is a major end-user for industrial batteries and generates huge demand which can be credited for the growth of the market. A huge chunk of the global electrical batteries market demand id earmarked for the electric vehicles sector where lithium-ion batteries are used to electric power vehicles.

Advancement of battery technology has resulted in the development of industrial batteries which can withstand harsher conditions, resist extreme temperatures, and are ultra small. Design improvements allow industrial batteries to deliver long-life operation along with high cycle rate and lower self-discharge.

Other factors contributing to the market growth include growing infrastructural activities across the globe, especially in the emerging economies and rapid urbanization. On the downside, the growth of the global Industrial Batteries Market is expected to be impeded by the implementation of stringent regulations by various regulatory bodies and concerns over the use and disposal of toxic materials used in industrial batteries.

Competitive Landscape

·       C&D Technologies, Inc.

·       East Penn Manufacturing Company

·       GS Yuasa Corporation

·       Enersys Inc.

·       Johnson Controls Inc.

·       Northstar Battery Company LLC

·       Exide Technologies Inc.

·       Robert Bosch GmbH

·       Saft Groupe S.A.

·       Toshiba International Corporation

Industry Updates

February 2019- Gelion Technologies Pty Ltd., a Sydney-based energy storage start-up launched a new battery which relies on zinc bromine. The technology was developed as part of a contract with the University of Sydney. These batteries have been integrated into solar light poles across the university campus. The company intends to produce these batteries on a mass scale for numerous energy applications.

Segmentation

The Industrial Batteries Market has been segmented based on type and application.

By type, the global Industrial Batteries Market has been segmented into acid, nickel-based, lithium-based, and others.

By application, the global Industrial Batteries Market has been segmented into telecommunication, power storages, industrial equipment, electric grid storage, and others.

Regional Analysis

By region, the global Industrial Batteries Market has been segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).

APAC market is likely to expand at the highest CAGR over the forecast period. The rapid pace of industrialization in the APAC region and expanding telecommunication industry present ample growth opportunities for the growth of the market. Towering demand for electric grid storages is also likely to induce high demand for electric batteries.

The MEA market is expected to showcase tremendous growth over the forecast period. The crude oil industry generates massive demand for industrial batteries in countries such as Iraq, the United Arab Emirates, Saudi Arabia, Iran, and Kuwait. Presence of oil & gas reserves in the region is likely to propel industrial activity in the region which will further drive the market in the forthcoming years.

The North America market is driven by an increase in the production of electric grid storages. The US is the key contributor to North America and accounted for the largest share of the global market in 2016.

Demand for industrial batteries is anticipated to rise in countries such as Italy, Germany, Spain, the U.K, France, and Russia in the coming years. Heightened demand from the automobile industry and the growing manufacturing industry boosts the growth of the Europe market.

Latin America market is likely to be driven by the proliferation of industries and innovation in the field of batteries.

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Cement Industry Analysis, Size, Share, Growth and Forecast to 2027

 Market Insights:

The burgeoning construction sector globally is fuelling the market growth for cement. Market reports connected with the construction industry have been made accessible by Market Research Future who publishes reports on other sectors that have been currently published along with a report on this industry. The market is projected to expand at an 8 percent CAGR in the duration of the forecast period.

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The industry which is an indicator of economic health is showing ascendant levels of growth in the recent years. The rising levels of construction projects being launched worldwide are spurring the market’s expansion. Due to these market developments manufacturers are boosting their production capacities and engaging in research and development to back this growth phase of the Cement Industry. The rising level of investment by individual in multiple properties is another factor powering the growth of the market.

Segmental Analysis:

The segmentation of the global Cement Industry is carried out on the basis of type region and application. On the basis of Type, the Cement Industry globally has been segmented into rapid low heat cement, high alumina cement, hardening cement, colored cement, white cement, hydrographic cement and other. On the basis of application, the Cement Industry globally is divided into construction and infrastructure. The regions that are a part of the market are North America, Asia Pacific, Europe and rest of the world.

Detailed Regional Analysis:

The regional analysis of the market consists of regions such as North America, Asia Pacific, Europe and rest of the world. The Cement Industry for the most part depends on the global construction and building activities. The Cement Industry is highly driven by applications and systems are getting popularity from various end user. The Asia Pacific region is likely to be responsible for the largest portion, in terms of value, of the Cement Industry globally. This can be largely attributed to the construction and expansion of infrastructure. The government initiatives such as growth of smart cities are giving a huge boost to the sector. The North American and European region are followed by the Asia Pacific region. An escalating number of limestone detections in the east and the simplicity of the transport system have led to the speedy growth of cement industry.

Competitive Analysis:

The variety witnessed in terms of strategy creation and execution is changing the development pace of the market. The gaps in the market are filled owing to the carrying out of appropriate supply chain strategies. Additionally, the expansion of new products and services will add further momentum to the market development. The framework for growth plans has equipped the market for possible new entrants. The development in the products and services is the principal factor increasing the market’s efficiency and controlling the trends that are gaining distinction in the market. The influential success factors and players’ preferences are slowly but surely mounting by the strategies being used by market contenders. The key competitors working in the market for cement globally are Holcim Ltd, Lafarge, Anhui Heidelberg Cement AG, Conch Cement Company Ltd, China National Building Material Company Ltd., CEMEX S.A.B. de C.V., Jidong Development Group Co. Ltd., Mitsubishi Materials Corporation, UltraTech Cement Limited, and Shanshui Cement Group Ltd.

Industry Updates:

Sep 2018 Cemex is planning to restart commercial production on the second kiln at its South Ferriby cement plant in November 2018. The company says that this investment highlights its confidence in the long-term potential of the UK building materials market. Once fully ready both kilns at the plant will give it a production capacity of 0.7Mt/yr.

Sep 2018 Dangote has unveiled its new BlocMaster Cement, describing it as extra strong and ideal for block moulding in Nigeria. It had been tested and approved by builders throughout Nigeria making it particularly useful during the rainy season. BlocMaster is reportedly suitable for all construction purposes and Dangote hopes it will help address the issue of building collapse in Nigeria

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Ø Lafarge, Holcim Ltd

Ø Anhui Conch Cement Company Ltd

Ø HeidelbergCement AG

Ø Jidong Development Group Co. Ltd.

Ø CEMEX S.A.B. de C.V.

Ø China National Building Material Company Ltd.

Ø UltraTech Cement Limited,

Ø Mitsubishi Materials Corporation

Ø Shanshui Cement Group Ltd.

Market Segments:

Global Cement Industry is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Type : Comprises – Rapid Hardening Cement, Low Heat Cement, High Alumina Cement, White Cement, Colored cement, Hydrographic cement and other

Segmentation By Application   : Comprises – construction, infrastructure

Segmentation By Regions              : Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Regional Analysis:

Major growth and investment in cement and construction material market is seen in APAC countries. The region is expected to witness staggering growth in the forecast period. The region is offering flourishing markets to the international companies to push the market. The companies are seen investing in the innovation of new advanced technologies in APAC region, especially in China, India, Indonesia, among others and this is expected to boost the Cement Industry demand.

Moreover, the Chinese government issued several favourable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. China accounts for the major share in the APAC Cement Industry. India, on the other hand, is seeking increase in private funding solutions in the provision of much of the new infrastructure needed. However, the reconstruction is only expected to provide a short-term boost to construction activity that is likely to return to trend later in the decade. In Southeast Asia relatively strong construction spending growth is also expected in Indonesia and Vietnam, as both countries upgrade infrastructure to support their growing populations.

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