The Marketing Minute: Cracking the Code of Technical Marketing
Trouble in Your Tank: Implementing Direct Metallization in Advanced Substrate Packaging
Industrial Batteries Market Worth $10.84 Billion by 2021
September 21, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Industrial Batteries Market- Global Forecast to 2021" report to their offering.
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 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.
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.
Asia-Pacific was the largest market for industrial batteries in 2015; the market in the region is expected to be the fastest-growing during the forecast period. China, Japan, and South Korea are the major markets for industrial batteries in Asia-Pacific. The increasing demand for industrial batteries and government support for the use renewable energy devices in several countries is expected to act as a key driver for the growth of industrial battery market in Asia-Pacific.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
LPKF Strengthens Structural Resilience: 'North Star' Initiative Aims to Secure Long-term Profitability
09/16/2025 | LPKFLPKF Laser & Electronics SE has launched the "North Star" initiative, a far-reaching package of measures designed to strengthen the company's long-term profitability.
The Marketing Minute: Cracking the Code of Technical Marketing
09/17/2025 | Brittany Martin -- Column: The Marketing MinuteMarketing is never a one-size-fits-all endeavor, but the challenges are magnified for highly technical industries like electronics. Products and processes are complex, audiences are diverse, and the stakes are high, especially when your customers are engineers, decision-makers, and global partners who depend on your expertise.
Beyond the Board: What Companies Need to Know Before Entering the MilAero PCB Market
09/16/2025 | Jesse Vaughan -- Column: Beyond the BoardThe MilAero electronics supply chain offers opportunities for manufacturers that are both prestigious and strategically important. Serving prime contractors and Tier-1 suppliers can mean long-term program stability and the satisfaction of contributing to national security. At the same time, this sector is unlike commercial electronics in almost every respect. Success requires more than technical capabilities, it requires patience, preparation, attention to detail, and a clear understanding of how the business model differs.
Global Interposer Market to Surge Nearly Fivefold by 2034
09/15/2025 | I-Connect007 Editorial TeamRevenue for the global interposer market is projected to climb from $471 million in 2025 to more than $2.3 billion by 2034, according to a new report from Business Research Insights. The growth represents a CAGR of nearly 20 percent over the forecast period.
Indium Promotes Huang to Senior Manager, Marketing Communications
08/28/2025 | Indium CorporationWith its commitment to innovation and growth through employee development, Indium Corporation announces the promotion of Jingya Huang to Senior Manager, Marketing Communications, to continue to lead the company’s branding and promotional efforts.