Summary

The global forklift battery market is projected to experience substantial growth in the upcoming years, with its value surpassing USD 5.6 billion in 2023 and expected to climb to USD 10.9 billion by 2031. This represents a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

Overview of the Forklift Battery Market

The forklift battery market has seen consistent growth, fueled by several factors, including the expansion of warehouses, increased automation, and the rise of e-commerce. While the COVID-19 pandemic caused temporary disruptions, the market has shown resilience and is bouncing back robustly, supported by economic recovery efforts.

Impact of Environmental Regulations and Battery Technology Advancements

The rising focus on environmental sustainability is driving a shift towards lithium-ion (Li-ion) batteries in the forklift sector. These batteries offer eco-friendly benefits, such as quicker charging times, extended lifespans, and higher energy density when compared to lead-acid batteries. This transition is largely influenced by stricter environmental regulations encouraging greener energy solutions.

However, certain challenges remain. The initial cost of Li-ion batteries is higher, and the infrastructure required for charging can be a hurdle for broader adoption. Despite these barriers, the ongoing trend of automating warehouses is expected to increase the demand for reliable Li-ion batteries. Technological innovations are focused on improving battery performance, reducing costs, and increasing energy density, which are critical for wider market penetration.

Market Dynamics Before and After the Pandemic

The forklift battery market plays a pivotal role in supporting the industrial vehicle sector. Pre-pandemic, the market grew due to the expansion of warehouse operations, manufacturing automation, and the booming e-commerce sector, driving demand for material handling equipment like forklifts.

The COVID-19 outbreak in 2020 led to significant disruptions, with industrial activities slowing down. In North America, the production of Class 4-8 industrial trucks dropped by 30% due to the economic slowdown. Despite this, the market has demonstrated strong recovery, buoyed by the resurgence of economic activities and the continued growth of e-commerce.

Key Drivers of Market Growth

1. Increased Focus on Efficiency and Sustainability Forklift batteries are essential for improving operational efficiency in warehouses and manufacturing facilities. Li-ion batteries offer significant advantages over lead-acid batteries, including faster charging times, longer service life, and higher energy density. These factors contribute to greater forklift uptime and reduced downtime for battery swaps, boosting productivity.

Environmental considerations are also becoming increasingly important for businesses. Many companies are seeking sustainable solutions to reduce their carbon footprint, and Li-ion batteries align with these goals due to their cleaner energy profile. Government regulations promoting sustainable practices further support the adoption of Li-ion batteries in forklifts.

2. Electrification of Forklifts The trend toward forklift electrification is largely driven by environmental concerns. Issues like carbon emissions and greenhouse gases (GHG) are prompting businesses to adopt cleaner energy alternatives, leading to the growing use of electric forklifts in sectors such as warehousing, retail, and e-commerce.

Electric forklifts offer multiple benefits, including lower fuel costs, zero emissions, and smoother operation. Advances in battery technology have also resulted in longer runtimes, faster charging, and lower maintenance needs, increasing demand for electric forklifts. Once dominated by diesel-powered forklifts, the market is now shifting towards electric alternatives for both indoor and outdoor use.

Market Challenges

1. Higher Initial Costs of Li-ion Batteries While Li-ion batteries provide long-term savings due to lower maintenance and longer lifespans, their higher upfront costs compared to lead-acid batteries can be a deterrent for some businesses, particularly those in cost-sensitive industries.

2. Charging Infrastructure Requirements The widespread adoption of Li-ion technology requires significant investment in charging infrastructure, including the installation of charging stations, managing heat dissipation, and proper battery handling. These infrastructure costs can pose a challenge for companies looking to transition to Li-ion technology.

Emerging Trends and Opportunities

1. Increased Warehouse Automation The rise of automation in warehouses is creating new opportunities for the forklift battery market, particularly for Li-ion batteries. Automated Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs) are becoming more prevalent in warehouses, and their continuous operation depends on reliable power sources.

Lead-acid batteries often struggle to meet the demands of automated systems due to longer charging times and shorter lifespans. In contrast, Li-ion batteries, with their faster charging times, higher energy density, and longer lifespan, are well-suited for supporting automated operations.

2. Innovations in Battery Technology Continuous advancements in battery technology are shaping the future of the forklift battery market. Researchers and manufacturers are focusing on reducing charging times, increasing energy density, and cutting costs. These innovations are expected to further improve the performance of Li-ion batteries and reinforce their market leadership.

For example, breakthroughs in electrode materials could enable charging times to be reduced to just a few minutes, revolutionizing warehouse operations. Similarly, improvements in energy density would allow forklifts to operate longer on a single charge, boosting efficiency.

Regulatory Influence on the Forklift Battery Market

Environmental regulations are a major force driving the forklift battery market. Governments worldwide are encouraging the use of cleaner technologies, promoting the adoption of Li-ion batteries. These regulations aim to lower carbon emissions, making Li-ion batteries highly attractive for businesses focused on sustainability.

However, regulatory challenges also exist. The lack of standardization in Li-ion battery formats can lead to compatibility issues, potentially slowing market growth. Furthermore, battery disposal and recycling infrastructure regulations are still developing in certain regions, complicating the widespread adoption of Li-ion batteries.

Key Segments in the Forklift Battery Market

1. Li-ion Batteries Leading the Way Among the various battery types, Li-ion is expected to continue dominating the market. While lead-acid batteries will maintain a share due to their lower upfront costs, Li-ion's superior performance and environmental benefits position it for long-term success. Ongoing developments aim to extend the lifespan, increase energy output, and reduce charging times of Li-ion batteries, making them a preferred choice across industries.

Despite their dominance, lead-acid batteries remain popular due to their cost-effectiveness, reliability, and minimal maintenance requirements, particularly in applications requiring high power-to-weight ratios.

2. Warehousing and Manufacturing Sectors as Primary Consumers The warehousing and manufacturing sectors are the largest consumers of forklift batteries. The rapid growth of e-commerce and increased automation in these industries are expected to continue driving demand for advanced batteries, particularly Li-ion.

Electric forklifts are increasingly favored due to their quiet operation, reduced heat output, lower overall costs, and zero-emission performance. Additionally, recycling initiatives for forklift batteries contribute to environmental sustainability, as the plastic components can be reused to manufacture new battery cases.

Regional Insights: Asia Pacific Leads the Market

The Asia Pacific region is expected to dominate the forklift battery market, with significant growth driven by the manufacturing sectors in countries like China and India. The region's burgeoning e-commerce industry also contributes to the increasing demand for forklifts and forklift batteries. Additionally, government initiatives promoting industrial automation and green technologies create favorable conditions for Li-ion battery adoption.

Competitive Analysis

The forklift battery market is highly competitive, with established players adapting to the Li-ion battery shift and new entrants introducing innovative solutions. Major companies include Exide Technologies, GS Yuasa, BYD Company, and LG Chem, among others.

Key Market Players:

• Exide Technologies

• GS Yuasa Battery Co., Ltd.

• Trojan Battery Company

• Clarios

• BYD Company Ltd.

• Samsung SDI

• LG Chem Ltd.

• SK Innovation Co., Ltd.

• Johnson Controls International plc

• Enovate Systems Co., Ltd.

• AESC Holdings Corporation

• Hitachi, Ltd.

Forklift Battery Market Segmentation

By Battery Type:

• Li-ion

• Lead-acid

• Nickel-cadmium

By Voltage:

• 24 Volts

• 36 Volts

• 48 Volts

• 72 Volts

By End User:

• Manufacturing Industry

• Warehouses

• Construction Sites

• Retail and Wholesale Stores

By Region:

• North America

• Latin America

• Europe

• South Asia & Oceania

• East Asia

• Middle East & Africa

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Table of Contents

1. Executive Summary
1.1. Global Forklift Battery Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Production Output and Trade Statistics, 2018 - 2023
3.1. Global Forklift Battery Market Production Output, by Region, Value (US$ Mn) and Volume (Tons), 2018 - 2023
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East and Africa

4. Price Analysis, 2018 - 2023
4.1. Global Average Price Analysis, by Battery Type, US$ Per Tons, 2018 - 2023
4.2. Prominent Factor Affecting Forklift Battery Prices
4.3. Global Average Price Analysis, by Region, US$ Per Ton

5. Global Forklift Battery Market Outlook, 2018 - 2031
5.1. Global Forklift Battery Market Outlook, by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Lithium-Ion
5.1.1.2. Lead Acid
5.1.1.3. Hydrogen Fuel-Cell
5.2. Global Forklift Battery Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. Chemical
5.2.1.2. Food & Beverage
5.2.1.3. Industrial
5.2.1.4. Logistics
5.2.1.5. Retail & E-Commerce
5.2.1.6. Others
5.3. Global Forklift Battery Market Outlook, by Region, Value (US$ Mn) and Volume (Tons), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa

6. North America Forklift Battery Market Outlook, 2018 - 2031
6.1. North America Forklift Battery Market Outlook, by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Lithium-Ion
6.1.1.2. Lead Acid
6.1.1.3. Hydrogen Fuel-Cell
6.2. North America Forklift Battery Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. Chemical
6.2.1.2. Food & Beverage
6.2.1.3. Industrial
6.2.1.4. Logistics
6.2.1.5. Retail & E-Commerce
6.2.1.6. Others
6.3. North America Forklift Battery Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. U.S. Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.3.1.2. U.S. Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.3.1.3. Canada Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.3.1.4. Canada Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Forklift Battery Market Outlook, 2018 - 2031
7.1. Europe Forklift Battery Market Outlook, by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Lithium-Ion
7.1.1.2. Lead Acid
7.1.1.3. Hydrogen Fuel-Cell
7.2. Europe Forklift Battery Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. Chemical
7.2.1.2. Food & Beverage
7.2.1.3. Industrial
7.2.1.4. Logistics
7.2.1.5. Retail & E-Commerce
7.2.1.6. Others
7.3. Europe Forklift Battery Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Germany Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.2. Germany Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.3. U.K. Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.4. U.K. Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.5. France Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.6. France Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.7. Italy Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.8. Italy Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.9. Turkey Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.10. Turkey Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.11. Russia Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.12. Russia Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.13. Rest of Europe Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.1.14. Rest of Europe Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Forklift Battery Market Outlook, 2018 - 2031
8.1. Asia Pacific Forklift Battery Market Outlook, by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Lithium-Ion
8.1.1.2. Lead Acid
8.1.1.3. Hydrogen Fuel-Cell
8.2. Asia Pacific Forklift Battery Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. Chemical
8.2.1.2. Food & Beverage
8.2.1.3. Industrial
8.2.1.4. Logistics
8.2.1.5. Retail & E-Commerce
8.2.1.6. Others
8.3. Asia Pacific Forklift Battery Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. China Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.2. China Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.3. Japan Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.4. Japan Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.5. South Korea Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.6. South Korea Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.7. India Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.8. India Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.9. Southeast Asia Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.10. Southeast Asia Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.11. Rest of Asia Pacific Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.1.12. Rest of Asia Pacific Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Forklift Battery Market Outlook, 2018 - 2031
9.1. Latin America Forklift Battery Market Outlook, by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.1.1. Key Highlights
9.1.1.1. Lithium-Ion
9.1.1.2. Lead Acid
9.1.1.3. Hydrogen Fuel-Cell
9.2. Latin America Forklift Battery Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.2.1. Key Highlights
9.2.1.1. Chemical
9.2.1.2. Food & Beverage
9.2.1.3. Industrial
9.2.1.4. Logistics
9.2.1.5. Retail & E-Commerce
9.2.1.6. Others
9.3. Latin America Forklift Battery Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1. Key Highlights
9.3.1.1. Brazil Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.2. Brazil Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.3. Mexico Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.4. Mexico Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.5. Argentina Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.6. Argentina Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.7. Rest of Latin America Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.1.8. Rest of Latin America Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Forklift Battery Market Outlook, 2018 - 2031
10.1. Middle East & Africa Forklift Battery Market Outlook, by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.1.1. Key Highlights
10.1.1.1. Lithium-Ion
10.1.1.2. Lead Acid
10.1.1.3. Hydrogen Fuel-Cell
10.2. Middle East & Africa Forklift Battery Market Outlook, by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.2.1. Key Highlights
10.2.1.1. Chemical
10.2.1.2. Food & Beverage
10.2.1.3. Industrial
10.2.1.4. Logistics
10.2.1.5. Retail & E-Commerce
10.2.1.6. Others
10.3. Middle East & Africa Forklift Battery Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1. Key Highlights
10.3.1.1. GCC Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.2. GCC Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.3. South Africa Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.4. South Africa Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.5. Egypt Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.6. Egypt Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.7. Nigeria Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.8. Nigeria Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.9. Rest of Middle East & Africa Forklift Battery Market by Battery Type, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.1.10. Rest of Middle East & Africa Forklift Battery Market by End Use, Value (US$ Mn) and Volume (Tons), 2018 - 2031
10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. Crown Equipment Corporation
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. East Penn Manufacturing Company
11.3.2.1. Company Overview
11.3.2.2. Product Portfolio
11.3.2.3. Financial Overview
11.3.2.4. Business Strategies and Development
11.3.3. Enersys
11.3.3.1. Company Overview
11.3.3.2. Product Portfolio
11.3.3.3. Financial Overview
11.3.3.4. Business Strategies and Development
11.3.4. Amara Raja Batteries Ltd.
11.3.4.1. Company Overview
11.3.4.2. Product Portfolio
11.3.4.3. Financial Overview
11.3.4.4. Business Strategies and Development
11.3.5. Exide Industries Limited
11.3.5.1. Company Overview
11.3.5.2. Product Portfolio
11.3.5.3. Financial Overview
11.3.5.4. Business Strategies and Development
11.3.6. Hyundai Construction Equipment
11.3.6.1. Company Overview
11.3.6.2. Product Portfolio
11.3.6.3. Financial Overview
11.3.6.4. Business Strategies and Development
11.3.7. Flux Power
11.3.7.1. Company Overview
11.3.7.2. Product Portfolio
11.3.7.3. Financial Overview
11.3.7.4. Business Strategies and Development
11.3.8. Storage Battery Systems, LLC
11.3.8.1. Company Overview
11.3.8.2. Product Portfolio
11.3.8.3. Financial Overview
11.3.8.4. Business Strategies and Development
11.3.9. Navitas System, LLC
11.3.9.1. Company Overview
11.3.9.2. Product Portfolio
11.3.9.3. Financial Overview
11.3.9.4. Business Strategies and Development
11.3.10. Saft
11.3.10.1. Company Overview
11.3.10.2. Product Portfolio
11.3.10.3. Financial Overview
11.3.10.4. Business Strategies and Development
11.3.11. Microtex Energy Private Limited
11.3.11.1. Company Overview
11.3.11.2. Product Portfolio
11.3.11.3. Financial Overview
11.3.11.4. Business Strategies and Development
11.3.12. Southwest Battery Company
11.3.12.1. Company Overview
11.3.12.2. Product Portfolio
11.3.12.3. Financial Overview
11.3.12.4. Business Strategies and Development
11.3.13. Shenzhen Herculesi Technology Co., Ltd.
11.3.13.1. Company Overview
11.3.13.2. Product Portfolio
11.3.13.3. Financial Overview
11.3.13.4. Business Strategies and Development
11.3.14. Electrovaya
11.3.14.1. Company Overview
11.3.14.2. Product Portfolio
11.3.14.3. Financial Overview
11.3.14.4. Business Strategies and Development
11.3.15. EnerSys
11.3.15.1. Company Overview
11.3.15.2. Product Portfolio
11.3.15.3. Financial Overview
11.3.15.4. Business Strategies and Development
11.3.16. Optima Batteries
11.3.16.1. Company Overview
11.3.16.2. Product Portfolio
11.3.16.3. Financial Overview
11.3.16.4. Business Strategies and Development
11.3.17. Eternity Technologies FZ-LLC
11.3.17.1. Company Overview
11.3.17.2. Product Portfolio
11.3.17.3. Financial Overview
11.3.17.4. Business Strategies and Development
11.3.18. Systems Sunlight S.A.
11.3.18.1. Company Overview
11.3.18.2. Product Portfolio
11.3.18.3. Financial Overview
11.3.18.4. Business Strategies and Development
11.3.19. NITCO
11.3.19.1. Company Overview
11.3.19.2. Product Portfolio
11.3.19.3. Financial Overview
11.3.19.4. Business Strategies and Development
11.3.20. Midac Batteries SpA
11.3.20.1. Company Overview
11.3.20.2. Product Portfolio
11.3.20.3. Financial Overview
11.3.20.4. Business Strategies and Development
11.3.21. Crown Battery
11.3.21.1. Company Overview
11.3.21.2. Product Portfolio
11.3.21.3. Financial Overview
11.3.21.4. Business Strategies and Development

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations