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This study examines the key mega trends that are creating a high demand for batteries. The role of the Internet of Things (IoT), advancements to telecommunication networks (LTE), wearable devices with sensors, renewable integration, smart grid, energy storage, and advancements to healthcare devices are some of the key technologies that are dependen...

Frost & Sullivan's Top 10 Strategic Imperatives in the global power and energy industry highlights the trends with the greatest future impact. Our model takes into account the key dynamics and fundamentals of the market to generate the ten most significant strategic imperatives for the industry. The growth in distributed energy resources, be it ren...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in hybrid AI-physics solar forecasting models, AI-powered solar forecasting, and sky-camera enabled digital technology, energy market forecasting, grid reliability enhancement, BESS management, among others.The Energy and Power Systems TOE provides insig...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in AI-driven energy forecasting, aqueous redox batteries, high-density fusion reactors, high-performance graphite electrodes, high-pressure hydrogen storage, fuel-flexible microturbines, and eletrolyzers, among others.The Energy and Power Systems TOE pro...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in high performance graphene capacitors, liquified gas electrolytes for Li-ion batteries, silicon based solid-state batteries, thermo-mechanical & hydrometallurgical recovery solution for end-of-life photovoltaic solar panels, membraneless electrolyzers,...

This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in modular and adaptable wind turbine technology, non-flammable electrolyte for sodium-ion battery, PEM electrolysis, second-life batteries, ammonia production, waste-to-energy technologies, energy forecasting and high-temperature thermal energy storage....

The 2020s have been dubbed the decade of energy storage, and 2024 confirmed this to be true. Battery energy storage CAPEX surged to $65.6 billion, up from $48.9 billion in 2023. This was achieved despite a reduction in battery pack costs in 2024 that meant project costs declined by around 10% across all geographies. The ongoing clean energy transit...

12 Jan 2018  |  Global  |  Market Research

Global Industrial Battery Market, Forecast to 2023

Growth in Renewable Energy and Distributed Generation to Drive the Global Industrial Battery Market

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Key Issues Addressed

The global industrial battery market is a well-established one which is expected to grow at a CAGR of 7.1% between 2014 and 2023. The major factors driving industrial batteries are the surging demand from energy storage and stationary applications, reinforced by advancements in battery technology. Industrial batteries for grid storage represent a u...

Quasi-solid-state batteries (QSSBs) are emerging as a promising next-generation lithium battery technology that bridges the gap between conventional lithium-ion batteries (LIBs) and all-solid-state batteries (ASSBs). By integrating a confined liquid electrolyte within a polymer, inorganic, or hybrid solid framework, QSSBs combine the high ionic con...