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2021
Battery Racks Market

Battery Racks Market by Type (Standard, Seismic, Relay, and VRLA), Material (Steel, Plastic, Plastic Coated, and Others), and Application (Power Storage, Power Generation, Telecommunication, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

A02914
Pages: 264
Aug 2021 | 5496 Views
   
Author(s) : Anil Chaudhary , Eswara Prasad
Tables: 128
Charts: 76
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Battery Racks Market Outlook - 2030

The global battery racks market was valued at $3.3 billion in 2020, and is projected to reach $4.7 billion by 2030, growing at a CAGR of 3.8% from 2021 to 2030. Battery racks are designed to accommodate various types of batteries in it, whether it is an open or closed type of battery, lead-acid (Pb), or nickel-cadmium (NiCd) battery for its horizontal or vertical placement. These battery racks are designed to be tolerant of earthquakes, racks are solid and rigid, manageable, and acid-resistant. Metal bars of the racks are laminated in plastic and provided a protective coating. These racks are manufactured with hinged components and possible customized features and include battery enclosure with cabling and series string for current protection and disconnects.

COVID-19 pandemic outbreak across the globe has affected the supply of raw material amid government imposed lock down measures owing to which the production of battery racks has been declined which eventually will decline the growth of the market in coming years.

The global demand for battery racks market is primarily driven by rise in demand for high performance battery storage systems in various industries and its applications in power storage, power generation, and telecommunication industries are expected to continue to drive the market revenue growth during the forecast period. Technological advancements, increase in number of small and medium-sized manufacturing industries, and rise in demand for battery racks to store and power various appliances, equipment, lighting systems, devices, and systems are other major factors that drive revenue growth of the global market. 

Battery-Racks-Market

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However, fluctuations in raw material prices are expected to hamper growth of the battery racks market during the forecast period. Furthermore, rise in demand for battery racks from emerging economies such as China and India and innovations in energy storage are expected to provide growth opportunities for the market during the forecast period.

The global battery racks market size is segmented on the basis of type, material, and application, and region. By type, it is analyzed across standard, seismic, relay, and VRLA. By material, it is segmented into steel, plastic, plastic coated, and others. By application, it is divided into power storage, power generation, telecommunication, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in the global battery racks industry include Newton Instrument Co., Storage Battery Systems, LLC, EnviroGuard, Sakcett Systems, Inc., Specialized Storage Solutions, Tripp Lite, Emerson Electric Co., Luminous Power Technologies, Su-Kam Power Systems, and Huawei Technologies Co., Ltd.

Global battery racks market, by region

Asia-Pacific region accounted for a major market share in 2020. Steady growth in industrialization, rapid expansion across manufacturing industries, growth in telecommunications sector, and rise in demand for efficient battery storage racks are some key factors expected to continue to propel growth of the North America market. Technological advancements are another factor that further drives battery racks market growth due to steady development and launch of more advanced products. In addition, the region has registered highest revenue in 2020 as market players are adopting different strategies to expand product portfolio and increase revenue opportunities. Presence of some major players in countries in the region is also attributable to rapid revenue growth.

Battery Racks Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit an CAGR of 4.1% during 2021-2030

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Global battery racks market, by type

The VRLA (Valve Regulated Lead Acid) battery rack segment accounted for a major share in the market in 2020 as VRLA battery racks require flexible and strong materials, which are deployed on adjustable rails, thereby making the units easy to install and move.

Battery Racks Market
By Type

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VRLA is projected as the most lucrative segment.

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Global battery racks market, by material

The steel segment accounted for a major share in the battery racks market in 2020, owing to properties such as better strength and durability as well as compact design and sleekness as a result of limited need for extra material for reinforcing framework to bear loads of numerous heavy batteries.

Battery Racks Market
By Material

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Steel is projected as the most lucrative segment.

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Global battery racks market, by application

The power storage accounted for a major battery racks market share in 2020, owing to increase in deployment of power storage battery racks in large, medium, and small enterprises as well as for residential settings.

Battery Racks Market
By Application

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Power Storage is projected as the most lucrative segment.

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COVID-19 analysis:

According to the International Monetary Fund (IMF), owing to the outbreak of novel coronavirus (COVID-19), the global economy declined by 3.0% in 2020. Many countries are under strict lockdowns, which have affected supply of raw materials. Hence, owing to this, production activities of battery racks manufacturers have been halted. In addition, demand for battery racks from energy and telecommunication sectors has been declined amid their halted operations, owing to government-imposed lockdown measures, which is expected to hinder growth of the market during the forecast period.

Key benefits for stakeholders

  • The global battery racks market analysis covers in-depth information of major industry participants.
  • Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • Major countries have been mapped according to their individual revenue contribution to the regional market.
  • The report provides in-depth analysis of the global battery racks market forecast for the period 2021–2030.
  • The report outlines the current global battery racks market trends and future scenario of the global market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets. 
  • Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global market study.

Key market segments

By Type

  • Standard
  • Seismic
  • Relay
  • VRLA

By Material

  • Steel
  • Plastic
  • Plastic Coated
  • Others

By Application

  • Power Storage
  • Power Generation
  • Telecommunication
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research

1.5.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Patent analysis
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Rise in demand for high performance battery storage systems in various industries
3.5.1.2.Growing applications of battery racks in power storage, power generation, and telecommunication industries

3.5.2.Restraints

3.5.2.1.Fluctuations in raw material prices

3.5.3.Opportunity

3.5.3.1.Rise in demand for battery racks from emerging economies
3.5.3.2.Innovations in energy storage

3.6.Impact of COVID-19 on the global battery racks market

CHAPTER 4:GLOBAL BATTERY RACKS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Standard

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market share analysis, by country

4.3.Seismic

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market share analysis, by country

4.4.Relay

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market share analysis, by country

4.5.VRLA

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market share analysis, by country

CHAPTER 5:GLOBAL BATTERY RACKS MARKET, BY MATERIAL

5.1.Overview

5.1.1.Market size and forecast

5.2.Steel

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market share analysis, by country

5.3.Plastic

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market share analysis, by country

5.4.Plastic coated

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market share analysis, by country

5.5.Others

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market share analysis, by country

CHAPTER 6:GLOBAL BATTERY RACKS MARKET, BY APPLICATION

6.1.Overview

6.1.1.Market size and forecast

6.2.Power storage

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market share analysis, by country

6.3.Power generation

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market share analysis, by country

6.4.Telecommunication

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market share analysis, by country

6.5.Others

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market share analysis, by country

CHAPTER 7:GLOBAL BATTERY RACKS MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by type
7.2.3.Market size and forecast, by material
7.2.4.Market size and forecast, by application
7.2.5.Market share analysis, by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast, by type
7.2.5.1.2.Market size and forecast, by material
7.2.5.1.3.Market size and forecast, by application

7.2.5.2.Canada

7.2.5.2.1.Market size and forecast, by type
7.2.5.2.2.Market size and forecast, by material
7.2.5.2.3.Market size and forecast, by application

7.2.5.3.Mexico

7.2.5.3.1.Market size and forecast, by type
7.2.5.3.2.Market size and forecast, by material
7.2.5.3.3.Market size and forecast, by application

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by type
7.3.3.Market size and forecast, by material
7.3.4.Market size and forecast, by application
7.3.5.Market share analysis, by country

7.3.5.1.Germany

7.3.5.1.1.Market size and forecast, by type
7.3.5.1.2.Market size and forecast, by material
7.3.5.1.3.Market size and forecast, by application

7.3.5.2.France

7.3.5.2.1.Market size and forecast, by type
7.3.5.2.2.Market size and forecast, by material
7.3.5.2.3.Market size and forecast, by application

7.3.5.3.Italy

7.3.5.3.1.Market size and forecast, by type
7.3.5.3.2.Market size and forecast, by material
7.3.5.3.3.Market size and forecast, by application

7.3.5.4.Spain

7.3.5.4.1.Market size and forecast, by type
7.3.5.4.2.Market size and forecast, by material
7.3.5.4.3.Market size and forecast, by application

7.3.5.5.UK

7.3.5.5.1.Market size and forecast, by type
7.3.5.5.2.Market size and forecast, by material
7.3.5.5.3.Market size and forecast, by application

7.3.5.6.Rest of Europe

7.3.5.6.1.Market size and forecast, by type
7.3.5.6.2.Market size and forecast, by material
7.3.5.6.3.Market size and forecast, by application

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by type
7.4.3.Market size and forecast, by material
7.4.4.Market size and forecast, by application
7.4.5.Market share analysis, by country

7.4.5.1.China

7.4.5.1.1.Market size and forecast, by type
7.4.5.1.2.Market size and forecast, by material
7.4.5.1.3.Market size and forecast, by application

7.4.5.2.Japan

7.4.5.2.1.Market size and forecast, by type
7.4.5.2.2.Market size and forecast, by material
7.4.5.2.3.Market size and forecast, by application

7.4.5.3.South Korea

7.4.5.3.1.Market size and forecast, by type
7.4.5.3.2.Market size and forecast, by material
7.4.5.3.3.Market size and forecast, by application

7.4.5.4.India

7.4.5.4.1.Market size and forecast, by type
7.4.5.4.2.Market size and forecast, by material
7.4.5.4.3.Market size and forecast, by application

7.4.5.5.Australia

7.4.5.5.1.Market size and forecast, by type
7.4.5.5.2.Market size and forecast, by material
7.4.5.5.3.Market size and forecast, by application

7.4.5.6.Rest of Asia-Pacific

7.4.5.6.1.Market size and forecast, by type
7.4.5.6.2.Market size and forecast, by material
7.4.5.6.3.Market size and forecast, by application

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by type
7.5.3.Market size and forecast, by material
7.5.4.Market size and forecast, by application
7.5.5.Market share analysis, by country

7.5.5.1.Brazil

7.5.5.1.1.Market size and forecast, by type
7.5.5.1.2.Market size and forecast, by material
7.5.5.1.3.Market size and forecast, by application

7.5.5.2.Saudi Arabia

7.5.5.2.1.Market size and forecast, by type
7.5.5.2.2.Market size and forecast, by material
7.5.5.2.3.Market size and forecast, by application

7.5.5.3.South Africa

7.5.5.3.1.Market size and forecast, by type
7.5.5.3.2.Market size and forecast, by material
7.5.5.3.3.Market size and forecast, by application

7.5.5.4.Rest of LAMEA

7.5.5.4.1.Market size and forecast, by type
7.5.5.4.2.Market size and forecast, by material
7.5.5.4.3.Market size and forecast, by application

CHAPTER 8:COMPETITIVE LANDSCAPE

8.1.Introduction

8.1.1.Top player positioning, 2020

8.2.Product mapping of top 10 players
8.3.Competitive heatmap

CHAPTER 9:COMPANY PROFILES

9.1.NEWTON INSTRUMENT CO.

9.1.1.Company overview
9.1.2.Company snapshot
9.1.3.Operating business segments
9.1.4.Product portfolio
9.1.5.Business performance

9.2.STORAGE BATTERY SYSTEMS, LLC

9.2.1.Company overview
9.2.2.Company snapshot
9.2.3.Operating business segments
9.2.4.Product portfolio
9.2.5.Business performance

9.3.ENVIROGUARD

9.3.1.Company overview
9.3.2.Company snapshot
9.3.3.Operating business segments
9.3.4.Product portfolio
9.3.5.Business performance

9.4.SAKCETT SYSTEMS, INC.

9.4.1.Company overview
9.4.2.Company snapshot
9.4.3.Product portfolio
9.4.4.Business performance

9.5.SPECIALIZED STORAGE SOLUTIONS

9.5.1.Company overview
9.5.2.Company snapshot
9.5.3.Operating business segments
9.5.4.Product portfolio
9.5.5.Business performance

9.6.TRIPP LITE

9.6.1.Company overview
9.6.2.Company snapshot
9.6.3.Operating business segments
9.6.4.Product portfolio
9.6.5.Business performance

9.7.Emerson Electric Co.

9.7.1.Company overview
9.7.2.Company snapshot
9.7.3.Operating business segments
9.7.4.Product portfolio
9.7.5.Business performance

9.8.LUMINOUS POWER TECHNOLOGIES

9.8.1.Company overview
9.8.2.Company snapshot
9.8.3.Operating business segments
9.8.4.Product portfolio
9.8.5.Business performance

9.9.SU-KAM POWER SYSTEMS

9.9.1.Company overview
9.9.2.Company snapshot
9.9.3.Operating business segments
9.9.4.Product portfolio
9.9.5.Business performance

9.10.HUAWEI TECHNOLOGIES CO., LTD.

9.10.1.Company overview
9.10.2.Company snapshot
9.10.3.Operating business segments
9.10.4.Product portfolio
9.10.5.Business performance

LIST OF TABLES

TABLE 01.GLOBAL BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 02.BATTERY RACKS MARKET FOR STANDARD, BY REGION, 2020–2030 ($MILLION)
TABLE 03.BATTERY RACKS MARKET FOR SEISMIC, BY REGION, 2020–2030 ($MILLION)
TABLE 04.BATTERY RACKS MARKET FOR RELAY, BY REGION, 2020–2030 ($MILLION)
TABLE 05.BATTERY RACKS MARKET FOR VRLA, BY REGION, 2020–2030 ($MILLION)
TABLE 06.GLOBAL BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 07.BATTERY RACKS MARKET FOR STEEL, BY REGION, 2020–2030 ($MILLION)
TABLE 08.BATTERY RACKS MARKET FOR PLASTIC, BY REGION, 2020–2030 ($MILLION)
TABLE 09.BATTERY RACKS MARKET FOR PLASTIC COATED, BY REGION, 2020–2030 ($MILLION)
TABLE 10.BATTERY RACKS MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 11.GLOBAL BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 12.BATTERY RACKS MARKET FOR POWER STORAGE, BY REGION, 2020–2030 ($MILLION)
TABLE 13.BATTERY RACKS MARKET FOR POWER GENERATION, BY REGION, 2020–2030 ($MILLION)
TABLE 14.BATTERY RACKS MARKET FOR TELECOMMUNICATION, BY REGION, 2020–2030 ($MILLION)
TABLE 15.BATTERY RACKS MARKET FOR OTHERS, BY REGION, 2020–2030 ($MILLION)
TABLE 16.BATTERY RACKS MARKET, BY REGION, 2020-2030 ($MILLION)
TABLE 17.NORTH AMERICA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 18.NORTH AMERICA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 19.NORTH AMERICA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 20.NORTH AMERICA BATTERY RACKS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 21.U.S. BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 22.U.S. BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 23.U.S. BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 24.CANADA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 25.CANADA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 26.CANADA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 27.MEXICO BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 28.MEXICO BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 29.MEXICO BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 30.EUROPE BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 31.EUROPE BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 32.EUROPE BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 33.EUROPE BATTERY RACKS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 34.GERMANY BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 35.GERMANY BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 36.GERMANY BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 37.FRANCE BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 38.FRANCE BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 39.FRANCE BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 40.ITALY BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 41.ITALY BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 42.ITALY BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 43.SPAIN BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 44.SPAIN BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 45.SPAIN BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 46.UK BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 47.UK BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 48.UK BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 49.REST OF EUROPE BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 50.REST OF EUROPE BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 51.REST OF EUROPE BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 52.ASIA-PACIFIC BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 53.ASIA-PACIFIC BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 54.ASIA-PACIFIC BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 55.ASIA-PACIFIC BATTERY RACKS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 56.CHINA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 57.CHINA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 58.CHINA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 59.JAPAN BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 60.JAPAN BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 61.JAPAN BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 62.SOUTH KOREA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 63.SOUTH KOREA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 64.SOUTH KOREA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 65.INDIA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 66.INDIA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 67.INDIA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 68.AUSTRALIA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 69.AUSTRALIA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 70.AUSTRALIA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 71.REST OF ASIA-PACIFIC BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 72.REST OF ASIA-PACIFIC BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 74.LAMEA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 75.LAMEA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 76.LAMEA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 77.LAMEA BATTERY RACKS MARKET, BY COUNTRY, 2020-2030 ($MILLION)
TABLE 78.BRAZIL BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 79.BRAZIL BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 80.BRAZIL BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 81.SAUDI ARABIA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 82.SAUDI ARABIA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 83.SAUDI ARABIA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 84.SOUTH AFRICA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 85.SOUTH AFRICA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 86.SOUTH AFRICA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 87.REST OF LAMEA BATTERY RACKS MARKET, BY TYPE, 2020-2030 ($MILLION)
TABLE 88.REST OF LAMEA BATTERY RACKS MARKET, BY MATERIAL, 2020-2030 ($MILLION)
TABLE 89.REST OF LAMEA BATTERY RACKS MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 90.NEWTON INSTRUMENT CO.: COMPANY SNAPSHOT
TABLE 91.NEWTON INSTRUMENT CO.: OPERATING SEGMENTS
TABLE 92.NEWTON INSTRUMENT CO.: PRODUCT PORTFOLIO
TABLE 93.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 94.STORAGE BATTERY SYSTEMS, LLC: COMPANY SNAPSHOT
TABLE 95.STORAGE BATTERY SYSTEMS, LLC: OPERATING SEGMENTS
TABLE 96.STORAGE BATTERY SYSTEMS, LLC: PRODUCT PORTFOLIO
TABLE 97.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 98.ENVIROGUARD: COMPANY SNAPSHOT
TABLE 99.ENVIROGUARD: OPERATING SEGMENTS
TABLE 100.ENVIROGUARD: PRODUCT PORTFOLIO
TABLE 101.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 102.SAKCETT SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 103.SAKCETT SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 104.SAKCETT SYSTEMS, INC.: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 105.SPECIALIZED STORAGE SOLUTIONS: COMPANY SNAPSHOT
TABLE 106.SPECIALIZED STORAGE SOLUTIONS: OPERATING SEGMENTS
TABLE 107.SPECIALIZED STORAGE SOLUTIONS: PRODUCT PORTFOLIO
TABLE 108.SPECIALIZED STORAGE SOLUTIONS: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 109.TRIPP LITE: COMPANY SNAPSHOT
TABLE 110.TRIPP LITE: OPERATING SEGMENTS
TABLE 111.TRIPP LITE: PRODUCT PORTFOLIO
TABLE 112.TRIPP LITE: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 113.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 114.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 115.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 116.EMERSON ELECTRIC CO.: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 117.LUMINOUS POWER TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 118.LUMINOUS POWER TECHNOLOGIES: OPERATING SEGMENTS
TABLE 119.LUMINOUS POWER TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 120.LUMINOUS POWER TECHNOLOGIES: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 121.SU-KAM POWER SYSTEMS: COMPANY SNAPSHOT
TABLE 122.SU-KAM POWER SYSTEMS: OPERATING SEGMENTS
TABLE 123.SU-KAM POWER SYSTEMS.: PRODUCT PORTFOLIO
TABLE 124.SU-KAM POWER SYSTEMS: OVERALL FINANCIAL STATUS ($MILLION)
TABLE 125.HUAWEI TECHNOLOGIES CO., LTD.: COMPANY SNAPSHOT
TABLE 126.HUAWEI TECHNOLOGIES CO., LTD.: OPERATING SEGMENTS
TABLE 127.HUAWEI TECHNOLOGIES CO., LTD..: PRODUCT PORTFOLIO
TABLE 128.HUAWEI TECHNOLOGIES CO., LTD.: OVERALL FINANCIAL STATUS ($MILLION)

LIST OF FIGURES

FIGURE 01.EXECUTIVE SUMMARY
FIGURE 02.GLOBAL BATTERY RACKS MARKET SEGMENTATION
FIGURE 03.TOP INVESTMENT POCKETS, BY COUNTRY
FIGURE 04.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05.MODERATE BARGAINING POWER OF BUYERS
FIGURE 06.MODERATE THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE INTENSITY OF COMPETITIVE RIVALRY
FIGURE 09.PATENT ANALYSIS: BY REGION (2016-2020)
FIGURE 10.GLOBAL BATTERY RACKS MARKET DYNAMICS
FIGURE 11.GLOBAL BATTERY RACKS MARKET, BY TYPE, 2020 VS 2030 ($MILLION)
FIGURE 12.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR STANDARD, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR SEISMIC, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 14.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR RELAY, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 15.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR VRLA, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 16.GLOBAL BATTERY RACKS MARKET, BY MATERIAL, 2020 VS 2030 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR STEEL, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 18.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR PLASTIC, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 19.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR PLASTIC COATED, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR OTHERS, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 21.GLOBAL BATTERY RACKS MARKET, BY APPLICATION, 2020 VS 2030 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR POWER STORAGE, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 23.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR POWER GENERATION, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 24.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR TELECOMMUNICATION, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 25.COMPARATIVE ANALYSIS OF BATTERY RACKS MARKET FOR OTHERS, BY COUNTRY, 2020 VS 2030 ($MILLION)
FIGURE 26.GLOBAL BATTERY RACKS MARKET, BY REGION, 2020 VS 2030 ($MILLION)
FIGURE 27.U.S. BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 28.CANADA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 29.MEXICO BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 30.GERMANY BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 31.FRANCE BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 32.ITALY BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 33.SPAIN BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 34.UK BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 35.REST OF EUROPE BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 36.CHINA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 37.JAPAN BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 38.SOUTH KOREA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 39.INDIA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 40.AUSTRALIA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 41.REST OF ASIA-PACIFIC BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 42.BRAZIL BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 43.SAUDI ARABIA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 44.SOUTH AFRICA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 45.REST OF LAMEA BATTERY RACKS MARKET REVENUE, 2020–2030 ($MILLION)
FIGURE 46.TOP PLAYER POSITIONING, 2020
FIGURE 47.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 48.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 49.NEWTON INSTRUMENT CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 50.NEWTON INSTRUMENT CO.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 51.NEWTON INSTRUMENT CO.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 52.STORAGE BATTERY SYSTEMS, LLC: REVENUE, 2018–2020 ($MILLION)
FIGURE 53.STORAGE BATTERY SYSTEMS, LLC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 54.STORAGE BATTERY SYSTEMS, LLC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 55.ENVIROGUARD: REVENUE, 2018–2020 ($MILLION)
FIGURE 56.ENVIROGUARD: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 57.ENVIROGUARD: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 58.SAKCETT SYSTEMS, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 59.SAKCETT SYSTEMS, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.SPECIALIZED STORAGE SOLUTIONS: REVENUE, 2018–2020 ($MILLION)
FIGURE 61.SPECIALIZED STORAGE SOLUTIONS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 62.SPECIALIZED STORAGE SOLUTIONS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 63.TRIPP LITE: REVENUE, 2018–2020 ($MILLION)
FIGURE 64.TRIPP LITE: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 65.EMERSON ELECTRIC CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.EMERSON ELECTRIC CO.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.EMERSON ELECTRIC CO.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.LUMINOUS POWER TECHNOLOGIES: REVENUE, 2018–2020 ($MILLION)
FIGURE 69.LUMINOUS POWER TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 70.LUMINOUS POWER TECHNOLOGIES: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 71.SU-KAM POWER SYSTEMS: REVENUE, 2018–2020 ($MILLION)
FIGURE 72.SU-KAM POWER SYSTEMS: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 73.SU-KAM POWER SYSTEMS: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 74.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE, 2018–2020 ($MILLION)
FIGURE 75.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 76.HUAWEI TECHNOLOGIES CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)

 
 

According to the analyst, the global battery racks market is anticipated to witness growth during the forecast period, driven by technological advancements, increase in number of small and medium-sized manufacturing industries, and rise in demand for battery racks to store and power various appliances, equipment, lighting systems, devices, and systems. In addition, growth in number of data centers and small- and medium-sized enterprises propels demand for batteries, which further escalates demand for battery racks. These factors are expected to drive growth of the battery racks market

However, fluctuations in raw material prices are expected to hamper growth of the battery racks market during the forecast period. Furthermore, rise in demand for battery racks from emerging economies such as China and India and innovations in energy storage are expected to provide growth opportunities for the battery racks market during the forecast period.

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FREQUENTLY ASKED QUESTIONS?
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A. Acquisition and business expansion are the key growth strategies of battery racks market players.

A. Asia-pacific region will provide more business opportunities for battery racks in future.

A. To get latest version of battery racks market report can be obtained on demand from the website.

A. Rise in demand for high performance battery storage systems in various industries and its applications in power storage, power generation, and telecommunication industries are the driving factors and opportunities in the battery racks market.

A. Newton Instrument Co., Storage Battery Systems, LLC, EnviroGuard, Sakcett Systems, Inc., Specialized Storage Solutions, Tripp Lite, Emerson Electric Co., Luminous Power Technologies, Su-Kam Power Systems, and Huawei Technologies Co., Ltd. are the leading global players in the battery racks market.

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. VRLA, steel, and power storage segment holds the maximum share of the battery racks market.

A. Power and telecommunication companies across the globe are the potential customers of battery racks industry.

A. The global battery racks market was valued at $3.3 billion in 2020, and is projected to reach $4.7 billion by 2030, growing at a CAGR of 3.8% from 2021 to 2030.

A. The global battery racks market analysis covers in-depth information of major industry participants, Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building, major countries have been mapped according to their individual revenue contribution to the regional market, the report provides in-depth analysis of the global battery racks market forecast for the period 2021–2030, the report outlines the current global battery racks market trends and future scenario of the global battery racks market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets, and key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global battery racks market study.

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