Major Group SIC 3691 - Storage Batteries

SIC 3691 - Storage Batteries

SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs
- SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies
  SIC 361 - Electric Transmission And Distribution Equipment SIC 362 - Electrical Industrial Apparatus SIC 363 - Household Appliances SIC 364 - Electric Lighting And Wiring Equipment SIC 365 - Household Audio And Video Equipment, And Audio Recordings SIC 366 - Communications Equipment SIC 367 - Electronic Components And Accessories SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies
  - SIC 3691 - Storage Batteries
    SIC 3691 - Storage Batteries SIC 3692 - Primary Batteries, Dry And Wet SIC 3694 - Electrical Equipment For Internal Combustion Engines SIC 3695 - Magnetic And Optical Recording Media SIC 3699 - Electrical Machinery, Equipment, And Supplies, Not Elsewhere Classified

Establishments primarily engaged in manufacturing storage batteries.

Industry trends:

The storage battery industry (NAICS 3691) is experiencing significant qualitative trends driven by advancements in technology and shifts in market demands. One prominent trend is the increasing adoption of lithium-ion batteries, which are favored for their high energy density, longer lifespan, and faster charging capabilities. This shift is primarily fueled by the growing demand for electric vehicles (EVs) and renewable energy storage solutions. Governments worldwide are pushing for greener technologies, thus driving investments and innovations in battery technologies.

Another trend is the focus on sustainability and recyclability. Companies are now prioritizing environmentally friendly practices, such as developing batteries with fewer hazardous materials and improving recycling methodologies. Energy storage systems (ESS) are also gaining traction due to the rising need for efficient energy management in residential, commercial, and industrial sectors.

Looking ahead, forecasts suggest that the storage battery market will continue to expand rapidly. The global push towards net-zero emissions by 2050 and the increasing integration of renewable energy sources like solar and wind power will likely drive continued growth. Additionally, improvements in battery technologies, such as solid-state batteries, which promise higher efficiency and safety, are expected to emerge as game-changers in the industry.

The industry may also witness increased collaboration among key players to enhance research and development efforts, aiming to reduce costs and improve the performance of storage batteries. The post-pandemic economic recovery and government incentives for clean technologies are anticipated to further support the industry's growth trajectory.

This industry is comprised of:

Alkaline cell storage batteries

Batteries, rechargeable

Lead acid batteries (storage batteries)

Nickel cadmium storage batteries

Explore related industries:

SIC 2121 - Cigars SIC 3085 - Plastics Bottles SIC 3572 - Computer Storage Devices

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