KEY FINDINGS
The global battery market is predicted to record a CAGR of 16.68% during the forecasted period of 2022 to 2030. The market growth is reinforced by the incentives for EV battery manufacturing, the declining prices of batteries, the growing demand for automotive applications, especially electric vehicles, and the rising popularity of consumer electronics.
MARKET INSIGHTS
An electric battery is characterized as an electric power source constituting one or more electrochemical cells, in addition to external connections to power electrical equipment. It also stores chemical energy, subsequently converting it into electrical energy.
Governments of various countries across the globe are providing incentives for manufacturing electric vehicle batteries, thus facilitating the growth of the global battery market during the forecast period. For instance, in 2022, the United States Department of Energy announced a new $3 billion program for battery manufacturing and supply chain to support the transition to electric vehicles.
Moreover, the infrastructural investments also aim to support the development of new, retrofitted, as well as expanded commercial facilities, in addition to battery recycling and manufacturing demonstrations. On the other hand, the Department of Energy also announced $60 million for reinforcing second-life applications for batteries, formerly utilized to power electric vehicles, as well as new processes for recycling materials into the battery's supply chain.
REGIONAL INSIGHTS
The global battery market growth assessment comprises the evaluation of North America, the Asia-Pacific, Europe, and Rest of World. North America is set to dominate the global market during the forecasted years owing to key factors such as the decreasing prices of the lithium-ion battery, growth in the renewable energy sector, rise in the adoption of electric vehicles, and increasing sales of consumer electronics.
COMPETITIVE INSIGHTS
Since the global market is fragmented, the presence of numerous large players across different regions facilitates a higher level of competition. Some of the top firms operating in the market are Exide Technologies, A123 Systems LLC, GS Yuasa International Ltd, LG Chem Ltd, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
- 1.1. STUDY OBJECTIVES
- 1.2. SCOPE OF STUDY
- 1.3. METHODOLOGY
- 1.4. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
- 2.1. MARKET SIZE & ESTIMATES
- 2.2. MARKET OVERVIEW
3. MARKET DYNAMICS
- 3.1. KEY DRIVERS
- 3.1.1. INCREASING POPULARITY OF CONSUMER ELECTRONICS
- 3.1.2. INCENTIVES FOR EV BATTERY MANUFACTURING
- 3.1.3. DECLINING PRICES OF BATTERIES
- 3.1.4. HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS ESPECIALLY FROM ELECTRIC VEHICLES
- 3.2. KEY RESTRAINTS
- 3.2.1. SAFETY ISSUES RELATED TO BATTERY USAGE
- 3.2.2. VOLATILITY IN RAW MATERIAL PRICES
- 3.2.3. ISSUES RELATED TO BATTERY RECYCLING
4. KEY ANALYTICS
- 4.1. IMPACT OF COVID-19 ON BATTERY MARKET
- 4.2. KEY MARKET TRENDS
- 4.3. PORTER'S FIVE FORCES ANALYSIS
- 4.3.1. BUYERS POWER
- 4.3.2. SUPPLIERS POWER
- 4.3.3. SUBSTITUTION
- 4.3.4. NEW ENTRANTS
- 4.3.5. INDUSTRY RIVALRY
- 4.4. OPPORTUNITY MATRIX
- 4.5. VENDOR LANDSCAPE
- 4.6. KEY BUYING CRITERIA
- 4.6.1. ENERGY DENSITY
- 4.6.2. BATTERY MEMORY
- 4.6.3. LIFETIME
- 4.6.4. DURABILITY
- 4.7. VALUE CHAIN ANALYSIS
- 4.8. LEGAL, POLICY & REGULATORY FRAMEWORK
- 4.9. BATTERY/RAW MATERIAL PRICE TRENDS AND FORECAST, BY MAJOR TECHNOLOGY TYPE
- 4.10. IMPORT AND EXPORT ANALYSIS, BY MAJOR TECHNOLOGY TYPE AND MAJOR COUNTRIES
5. MARKET BY TYPE
- 5.1. PRIMARY BATTERY
- 5.2. SECONDARY BATTERY
6. MARKET BY TECHNOLOGY
- 6.1. LEAD-ACID BATTERY
- 6.2. LITHIUM-ION BATTERY
- 6.3. NICKEL-CADMIUM BATTERY
- 6.4. NICKEL METAL HYDRIDE BATTERY
- 6.5. NICKEL-ZINC (NIZN) BATTERY
- 6.6. FLOW BATTERY
- 6.7. SODIUM-SULFUR (NAS) BATTERY
- 6.8. ZINC-MANGANESE DIOXIDE BATTERY
- 6.9. SMALL SEALED LEAD-ACID BATTERY
- 6.10. OTHER BATTERIES
7. MARKET BY APPLICATION
- 7.1. AUTOMOTIVE BATTERIES
- 7.2. INDUSTRIAL BATTERIES
- 7.3. PORTABLE BATTERIES
- 7.4. POWER TOOLS BATTERIES
- 7.5. SLI BATTERIES
- 7.6. OTHER APPLICATIONS
8. GEOGRAPHICAL ANALYSIS
- 8.1. NORTH AMERICA
- 8.1.1. MARKET SIZE & ESTIMATES
- 8.1.2. KEY GROWTH ENABLERS
- 8.1.3. KEY CHALLENGES
- 8.1.4. KEY PLAYERS
- 8.1.5. COUNTRY ANALYSIS
- 8.1.5.1. UNITED STATES
- 8.1.5.2. CANADA
- 8.2. EUROPE
- 8.2.1. MARKET SIZE & ESTIMATES
- 8.2.2. KEY GROWTH ENABLERS
- 8.2.3. KEY CHALLENGES
- 8.2.4. KEY PLAYERS
- 8.2.5. COUNTRY ANALYSIS
- 8.2.5.1. UNITED KINGDOM
- 8.2.5.2. GERMANY
- 8.2.5.3. FRANCE
- 8.2.5.4. SPAIN
- 8.2.5.5. ITALY
- 8.2.5.6. REST OF EUROPE
- 8.3. ASIA-PACIFIC
- 8.3.1. MARKET SIZE & ESTIMATES
- 8.3.2. KEY GROWTH ENABLERS
- 8.3.3. KEY CHALLENGES
- 8.3.4. KEY PLAYERS
- 8.3.5. COUNTRY ANALYSIS
- 8.3.5.1. CHINA
- 8.3.5.2. JAPAN
- 8.3.5.3. INDIA
- 8.3.5.4. SOUTH KOREA
- 8.3.5.5. AUSTRALIA & NEW ZEALAND
- 8.3.5.6. REST OF ASIA-PACIFIC
- 8.4. REST OF WORLD
- 8.4.1. MARKET SIZE & ESTIMATES
- 8.4.2. KEY GROWTH ENABLERS
- 8.4.3. KEY CHALLENGES
- 8.4.4. KEY PLAYERS
- 8.4.5. REGIONAL ANALYSIS
- 8.4.5.1. LATIN AMERICA
- 8.4.5.2. MIDDLE EAST & AFRICA
9. COMPETITIVE LANDSCAPE
- 9.1. KEY STRATEGIC DEVELOPMENTS
- 9.1.1. MERGERS & ACQUISITIONS
- 9.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 9.1.3. PARTNERSHIPS & AGREEMENTS
- 9.1.4. BUSINESS EXPANSIONS & DIVESTITURES
- 9.2. COMPANY PROFILES
- 9.2.1. A123 SYSTEMS LLC
- 9.2.2. BYD COMPANY LTD
- 9.2.3. C&D TECHNOLOGIES INC
- 9.2.4. CROWN BATTERY MANUFACTURING COMPANY
- 9.2.5. DURACELL
- 9.2.6. EAST PENN MANUFACTURING CO
- 9.2.7. ENERSYS
- 9.2.8. EVEREADY INDUSTRIES
- 9.2.9. EXIDE TECHNOLOGIES
- 9.2.10. GS YUASA INTERNATIONAL LTD
- 9.2.11. JOHNSONS CONTROLS INC
- 9.2.12. LG CHEM LTD
- 9.2.13. MURATA MANUFACTURING CO LTD
- 9.2.14. NEC CORPORATION
- 9.2.15. PANASONIC CORPORATION
- 9.2.16. SAFT GROUPE SA
- 9.2.17. SAMSUNG SDI CO LTD
- 9.2.18. SHENZHEN BAK BATTERY CO LTD
- 9.2.19. TOSHIBA CORPORATION
- 9.2.20. TROJAN BATTERY COMPANY