United States Industrial Battery for Material Handling Equipment Market was valued at USD 0.75 Billion in 2022 and is projected to reach USD 1.20 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The US Industrial Battery for Material Handling Equipment Market has witnessed a steady growth in recent years due to the increasing demand for energy-efficient and durable solutions in various industries. As industries continue to modernize, the need for advanced material handling equipment (MHE) powered by robust industrial batteries has become crucial for enhanced operational efficiency. This growth is driven by technological advancements and the requirement for consistent, reliable power sources in warehouses, manufacturing plants, and distribution centers.
In the industrial sector, forklifts, pallet trucks, and automated guided vehicles (AGVs) heavily rely on industrial batteries to ensure continuous operation without downtime. These batteries are typically made of lead-acid or lithium-ion, with each type offering distinct advantages. Lead-acid batteries, while traditional, continue to be widely used because of their lower initial cost, but lithium-ion batteries are gaining popularity due to their longer lifespan, faster charging times, and reduced maintenance needs. The adoption of these batteries is increasingly seen as a necessity for industries striving for sustainable practices, particularly in operations that require frequent battery charging and high power demands.
The industrial battery market’s requirements are further influenced by evolving regulations on emissions and energy usage. Companies are under pressure to reduce their environmental footprint, and thus, opting for energy-efficient and low-emission batteries is becoming standard practice. Additionally, the ongoing trend of automation in material handling equipment increases the demand for high-performance industrial batteries that can support the intensive power needs of automated systems.
Manufacturers are constantly innovating to meet these needs. Research into hybrid battery technologies, wireless charging solutions, and battery management systems (BMS) is gaining traction. With BMS, industries are able to monitor battery health, optimize charging cycles, and ensure better battery performance, which directly impacts the reliability of material handling equipment.
The increasing complexity of logistics, rising demand for faster deliveries, and the adoption of more energy-efficient solutions in the industrial space suggest that the US Industrial Battery for Material Handling Equipment Market will continue to grow. As industries evolve, these power solutions will remain a key component in achieving operational excellence, sustainability, and cost-efficiency in material handling operations.
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East Penn Manufacturing
EnerSys
Exide Technologies
Trojan Battery
Valence Technology
Chloride Exide
Crown Battery
EverExceed
Exide Industries
HOPPECKE
MIDAC Batteries
Navitas System
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Industrial Battery for Material Handling Equipment Market
Lead-Acid Batteries
Lithium-Ion Batteries
Nickel-Cadmium Batteries
Nickel-Metal Hydride Batteries
Other Emerging Battery Technologies
Forklifts
Automated Guided Vehicles (AGVs)
Reach Trucks
Pallet Jacks
Warehouse Management Systems
Warehousing and Distribution
Manufacturing
Retail
Food and Beverage
Pharmaceuticals
Low Capacity (Up to 300 Ah)
Medium Capacity (301 Ah to 800 Ah)
High Capacity (Above 800 Ah)
Conventional Charging
Opportunity Charging
Fast Charging
Smart Charging Solutions
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Industrial Battery for Material Handling Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Industrial Battery for Material Handling Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Industrial Battery for Material Handling Equipment Market, By Type
6. US Industrial Battery for Material Handling Equipment Market, By Application
7. US Industrial Battery for Material Handling Equipment Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Industrial Battery for Material Handling Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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