Market Definition
Industrial batteries are intended to provide energy to electric vehicles as well as lifting material and heavy equipment such as forklifts and trucks. These batteries also serve as a power source for various data centres, allowing for continuous internet access. They’re used in a variety of applications, including power storage, electric grid storage, telecommunications, and industrial machinery.
Data Bridge Market Research analyses that the Industrial batteries market was valued at USD 10.56 billion in 2021 and is likely to reach USD by 18.28 by 2029, and is expected to grow at a CAGR of 7.10% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes…
With 7.10% CAGR, Industrial Batteries Market to Reach USD by 18.28 by 2029 |Data Bridge Market Research
