Market Forecast By Battery Type (Lead-acid, Lithium-ion), By End Use Industry (Stationary, Motive) And Competitive Landscape
Product Code: ETC4491751 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Vietnam Industrial Batteries Market |
Forecast Period | 2025-2031 |
CAGR | 8.7% |
Growing Sector | Telecommunications |
The Vietnam Industrial Batteries Market report provides a detailed analysis based on Battery Type, and End-User. It highlights key market drivers, trends, challenges, and investment opportunities to help stakeholders make informed decisions.
The Vietnam Industrial Batteries Market is witnessing strong growth, driven by the country's expanding industrial sector and increasing demand for reliable energy storage solutions. The rapid expansion of renewable energy projects, along with heightened investments in telecommunication infrastructure and manufacturing operations, is contributing to this growth. Furthermore, government incentives promoting clean energy adoption are fueling battery investments.
According to 6Wresearch, the Vietnam Industrial Batteries Market is projected to grow at a CAGR of 8.7% during the forecast period 2025-2031. Rising industrialization and urban development have accelerated the need for stable energy backup solutions. The adoption of lithium-ion batteries is gaining momentum due to their superior energy efficiency, long lifespan, and lightweight properties. Additionally, the growth of data centers and rising renewable energy adoption are reinforcing market expansion.
However, the Vietnam Industrial Batteries Market faces obstacles such as high initial costs and supply chain challenges related to imported raw materials. Developing a sustainable recycling infrastructure and investing in local manufacturing capacity will be crucial for long-term growth. Market participants are focusing on innovations to enhance battery efficiency, minimize maintenance needs, and address environmental concerns.
Some key trends influencing the market include:
Key investment opportunities include:
Key market players include GS Battery Vietnam Co. Ltd., Vision Group, Panasonic Corporation, Exide Industries, and EnerSys. These companies are investing in battery efficiency improvements, expanded production capacities, and eco-friendly solutions to maintain competitive strength.
The Vietnamese government is actively promoting clean energy adoption and supporting industrial battery investments for backup power in renewable energy systems and critical infrastructure. Environmental regulations concerning battery disposal and recycling practices are becoming increasingly stringent. Government incentives to improve energy security and sustainability are expected to further support market growth.
The Vietnam Industrial Batteries Market is expected to witness continued expansion through enhanced battery technologies, improved recycling frameworks, and increased deployment in energy storage systems. The rising popularity of lithium-ion batteries, coupled with investments in renewable energy, will shape the market's future, ensuring consistent power backup in key industries.
The report provides insights into the following segments and their leading categories:
According to Dhaval, Assistant Research Manager at 6Wresearch, Lithium-ion batteries are driving significant advancements in Vietnam's industrial battery sector. Known for their energy efficiency, low maintenance, and long cycle life, lithium-ion batteries are increasingly being deployed in renewable energy systems, manufacturing, and telecommunications infrastructure. With Vietnam's focus on enhancing green energy adoption, lithium-ion battery demand is projected to rise steadily.
Stationary batteries are essential for providing reliable backup power in data centers, telecommunication networks, and critical industrial operations. With Vietnam investing heavily in digital infrastructure and renewable energy projects, the demand for stationary batteries is expected to grow steadily, ensuring minimal operational disruptions and consistent energy supply.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Industrial Batteries Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Industrial Batteries Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Industrial Batteries Market - Industry Life Cycle |
3.4 Vietnam Industrial Batteries Market - Porter's Five Forces |
3.5 Vietnam Industrial Batteries Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.6 Vietnam Industrial Batteries Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Vietnam Industrial Batteries Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Industrial Batteries Market Trends |
6 Vietnam Industrial Batteries Market, By Types |
6.1 Vietnam Industrial Batteries Market, By Battery Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Industrial Batteries Market Revenues & Volume, By Battery Type, 2021-2031F |
6.1.3 Vietnam Industrial Batteries Market Revenues & Volume, By Lead-acid, 2021-2031F |
6.1.4 Vietnam Industrial Batteries Market Revenues & Volume, By Lithium-ion, 2021-2031F |
6.2 Vietnam Industrial Batteries Market, By End Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Industrial Batteries Market Revenues & Volume, By Stationary, 2021-2031F |
6.2.3 Vietnam Industrial Batteries Market Revenues & Volume, By Motive, 2021-2031F |
7 Vietnam Industrial Batteries Market Import-Export Trade Statistics |
7.1 Vietnam Industrial Batteries Market Export to Major Countries |
7.2 Vietnam Industrial Batteries Market Imports from Major Countries |
8 Vietnam Industrial Batteries Market Key Performance Indicators |
9 Vietnam Industrial Batteries Market - Opportunity Assessment |
9.1 Vietnam Industrial Batteries Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.2 Vietnam Industrial Batteries Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
10 Vietnam Industrial Batteries Market - Competitive Landscape |
10.1 Vietnam Industrial Batteries Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Industrial Batteries Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |