KEY FINDINGS
The performance and lifetime of a battery are enhanced and optimized by the battery plate grid. The grid composition balances out the specific gravity of the electrolyte, the active material used and the concentration of lead. Batteries are mostly used in automobiles, electronics, golf carts, and forklifts among others. Their daily use aspect lies in cases of power shortages, blackouts or when the demand for power gets high. According to Inkwood Research, the market has been predicted to expand at a growth rate of 6.63% CAGR during the forecasting years of 2019-2027, driven by various factors. For instance, the development of the automobile and motorcycle industry has been very crucial for the advancement of the battery market globally.
MARKET INSIGHTS
The growing preference for pollution-free hybrid & electric vehicles along with rapid technological developments are a few factors that have influenced the market penetration. Also, the decreasing cost of lithium-ion batteries and surging energy storage deployments in power grids & UPS systems are responsible for driving the growth. The multiple properties of the batteries such as durability, dependability, low maintenance costs, and high discharge rate capability are expected to increase its demand in the global market. Crude oil and natural gas derivatives are the primary feedstock for the production of the raw materials for battery manufacture, so fluctuations in the prices of the oil & gas products can perturb the battery market also.
REGIONAL INSIGHTS
The global market for batteries is bifurcated with respect to geography into several regions, namely, North America, Asia Pacific, Europe and the remaining countries forming the Rest of World regional segment. The Asia Pacific region is made up of some heavily populated countries which are expected to play a crucial role in the market to capture the largest market share by 2027. Thus, the increasing population in China and India coupled with favorable government regulations aimed at generating investments from public-private partnerships and foreign direct investments are expected to fuel battery demand over the forecast period in the Asia Pacific region.
COMPETITIVE INSIGHTS
Eveready Industries India Ltd., Johnson Controls, NEC Corporation, EnerSys, East Penn Manufacturing Company, Inc., Panasonic Corporation, Crown Battery Manufacturing Company, C&D Technologies, Inc. (acquired by KPS Capital Partner), Toshiba Corporation, Murata Manufacturing Co., Ltd., LG Chem Ltd., BYD Company, Ltd., Exide Technologies, Saft Groupe S.A., A123 Systems, LLC, Samsung SDI Co., Ltd., Hitachi, Ltd., Shenzhen BAK Battery Co., Ltd., GS Yuasa Corporation and Duracell International, Inc. are some of the eminent companies operating in the global market. Most of these companies address the issues of growth through strategies like merger & acquisition, partnership, contracts, agreements, or new product launch, to gain a competitive edge over each other.
Global Battery Market Forecast 2019-2027
Table of Contents
1. Research Scope
1.1. Study Goals
1.2. Scope Of The Market Study
1.3. Who Will Find This Report Useful?
1.4. Study And Forecasting Years
2. Research Methodology
2.1. Sources Of Data
2.1.1. Secondary Data
2.1.2. Primary Data
2.2. Top-Down Approach
2.3. Bottom-Up Approach
2.4. Data Triangulation
3. Executive Summary
3.1. Market Summary
3.2. Key Findings
3.2.1. Rising Number Of Vendors & Collaborations
3.2.2. Increase In The Popularity Of Agm Batteries
3.2.3. Development Of Next Generation Batteries
3.2.3.1. Urine-Powered Batteries
3.2.3.2. Sodium-Ion Batteries
3.2.3.3. Gold Nanowire Batteries
3.2.3.4. Super Battery
3.2.3.5. Photosynthesis Powered Batteries
4. Market Dynamics
4.1. Market Scope & Definition
4.2. Market Drivers
4.2.1. Booming Automotive Industry
4.2.2. Growing Demand For Energy Storage Systems
4.2.3. Positive Outlook Of Electric Vehicle Market
4.2.4. Widening Applications In Motive Industrial Sector
4.3. Market Restraints
4.3.1. Volatility In Raw Material Prices
4.3.2. Pollution & Operational Challenges Related To Lead-Acid Batteries
4.4. Market Opportunities
4.4.1. Growing Consumption Of Rechargeable Batteries In Consumer Electronics
4.4.2. Surge In The Demand Of Ups Systems
4.4.3. Battery Technology Transforming The Defense Industry
4.5. Market Challenges
4.5.1. Regulatory Compliance
4.5.2. Supercapacitors - Alternative To Battery
4.5.3. Threat Of Counterfeit Batteries
5. Market By Battery Type
5.1. Lead Acid Battery
5.2. Lithium Ion Battery
5.3. Nickel Metal Hydride Battery
5.4. Nickel Cadmium Battery
5.5. Other Batteries
6. Market By Application
6.1. Automotive
6.2. Industrial
6.3. Portable
7. Key Analytics
7.1. Porter's Five Force Model
7.1.1. Threat Of New Entrants
7.1.2. Threat Of Substitute
7.1.3. Bargaining Power Of Suppliers
7.1.4. Bargaining Power Of Buyers
7.1.5. Threat Of Competitive Rivalry
7.2. Opportunity Matrix
7.3. Vendor Landscape
7.4. Value Chain Analysis
7.5. Legal, Policy & Regulatory Framework
8. Geographical Analysis
8.1. North America
8.1.1. United States
8.1.2. Canada
8.2. Europe
8.2.1. United Kingdom
8.2.2. Germany
8.2.3. France
8.2.4. Spain
8.2.5. Italy
8.2.6. Rest Of Europe
8.3. Asia Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Australia
8.3.6. Rest Of Asia Pacific
8.4. Rest Of World
8.4.1. Latin America
8.4.2. Middle East & Africa
9. Company Profiles
9.1. A123 Systems, Llc
9.2. Byd Company, Ltd.
9.3. C&D Technologies, Inc. (Acquired By Kps Capital Partner)
9.4. Crown Battery Manufacturing Company
9.5. Duracell International, Inc.
9.6. East Penn Manufacturing Company, Inc.
9.7. Enersys
9.8. Eveready Industries India Ltd.
9.9. Exide Technologies
9.10. Gs Yuasa Corporation
9.11. Hitachi, Ltd.
9.12. Johnson Controls
9.13. Lg Chem Ltd.
9.14. Murata Manufacturing Co., Ltd.
9.15. Nec Corporation
9.16. Panasonic Corporation
9.17. Saft Groupe S.A.
9.18. Samsung Sdi Co., Ltd.
9.19. Shenzhen Bak Battery Co., Ltd.
9.20. Toshiba Corporation
List of Tables
Table 1: Global Battery Market, By Geography, 2019-2027 (In $ Million)
Table 2: Worldwide Sales Of Electric Vehicles In 2017 (Month-Wise Sales)
Table 3: Country-Wise Stock Targets Of Electric Vehicle Till 2020
Table 4: Global Battery Market, By Battery Type, 2019-2027, (In $ Million)
Table 5: Global Lead Acid Battery Market, By Region, 2019-2027 (In $ Million)
Table 6: Global Lithium-Ion Battery Market, By Region, 2019-2027 (In $ Million)
Table 7: Global Nickel Metal Hydride Battery Market, By Region, 2019-2027 (In $ Million)
Table 8: Global Nickel Cadmium Battery Market, By Region, 2019-2027 (In $ Million)
Table 9: Global Other Batteries Market, By Region, 2019-2027 (In $ Million)
Table 10: Global Battery Market, By Application, 2019-2027, (In $ Million)
Table 11: Global Automotive Market, By Region, 2019-2027 (In $ Million)
Table 12: Global Industrial Market, By Region, 2019-2027 (In $ Million)
Table 13: Global Portable Market, By Region, 2019-2027 (In $ Million)
Table 14: Opportunity Matrix
Table 15: Vendor Landscape
Table 16: Legal, Policy & Regulatory Framework
Table 17: Global Battery Market, By Geography, 2019-2027, (In $ Million)
Table 18: North America Battery Market, By Country, 2019-2027 (In $ Million)
Table 19: Europe Battery Market, By Country, 2019-2027 (In $ Million)
Table 20: Asia Pacific Battery Market, By Country, 2019-2027 (In $ Million)
Table 21: Rest Of World Battery Market, By Region, 2019-2027 (In $ Million)
List of Figures
Figure 1: Global Battery Market, By Battery Type, 2018 & 2027 (In %)
Figure 2: Worldwide Automotive (Cars & Commercial Vehicles) Production, 2015-2020 (In Million)
Figure 3: Motor Vehicle Production In Key Geographies, 2015 & 2016 (In 000 Units)
Figure 4: Worldwide Sales Of Light Duty Electric Vehicles, 2015-2024 (In Million Units)
Figure 5: Average Annual Opec Crude Oil Price, 2010-2018 (In $ Per Barrel)
Figure 6: Average Prices For Lead Worldwide, 2014-2018 (In $ Per Metric Ton)
Figure 7: Average Lithium Carbonate Price, 2010-2017 (In $ Per Metric Ton)
Figure 8: Average Selling Price Of Zinc, January 2016-January 2017 (In $/Lb)
Figure 9: Global Battery Market, By Lead Acid Battery, 2019-2027 (In $ Million)
Figure 10: Global Battery Market, By Lithium Ion Battery, 2019-2027 (In $ Million)
Figure 11: Global Battery Market, By Nickel Metal Hydride Battery, 2019-2027 (In $ Million)
Figure 12: Global Battery Market, By Nickel Cadmium Battery, 2019-2027 (In $ Million)
Figure 13: Global Battery Market, By Other Batteries, 2019-2027 (In $ Million)
Figure 14: Global Battery Market, By Automotive, 2019-2027 (In $ Million)
Figure 15: Global Battery Market, By Industrial, 2019-2027 (In $ Million)
Figure 16: Global Battery Market, By Portable, 2019-2027 (In $ Million)
Figure 17: Porter's Five Force Analysis
Figure 18: Value Chain Analysis
Figure 19: Global Battery Market, Regional Outlook, 2018 & 2027 (In %)
Figure 20: United States Battery Market, 2019-2027 (In $ Million)
Figure 21: Canada Battery Market, 2019-2027 (In $ Million)
Figure 22: United Kingdom Battery Market, 2019-2027 (In $ Million)
Figure 23: Germany Battery Market, 2019-2027 (In $ Million)
Figure 24: France Battery Market, 2019-2027 (In $ Million)
Figure 25: Spain Battery Market, 2019-2027 (In $ Million)
Figure 26: Italy Battery Market, 2019-2027 (In $ Million)
Figure 27: Rest Of Europe Battery Market, 2019-2027 (In $ Million)
Figure 28: China Battery Market, 2019-2027 (In $ Million)
Figure 29: Japan Battery Market, 2019-2027 (In $ Million)
Figure 30: India Battery Market, 2019-2027 (In $ Million)
Figure 31: South Korea Battery Market, 2019-2027 (In $ Million)
Figure 32: Australia Battery Market, 2019-2027 (In $ Million)
Figure 33: Rest Of Asia Pacific Battery Market, 2019-2027 (In $ Million)
Figure 34: Latin America Battery Market, 2019-2027 (In $ Million)
Figure 35: Middle East & Africa Battery Market, 2019-2027 (In $ Million)
Global Silver Oxide Button Batteries Market Research Report 2024
Published: 10-Jan-2024 Price: US 2900 Onwards Pages: 95
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Global Series Battery Pack Market Research Report 2024
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Global 18650 Lithium Battery Market Research Report 2024
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A lithium-ion battery or Li-ion battery is a type of rechargeable battery in which lithium ions move from The negative electrode to The positive electrode during discharge and back when charging. Li-ion batteries use an intercalated lithium compound as one electrode material, compared to The metallic lithium used in a non-rechargeable lithium battery. The electrolyte, which allows for ionic movement, and The two electrodes are The constituent components of a lithium-ion battery cell. Cells with ......
Global Tubular GEL Battery Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 114
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Global Stationary Lead Acid Battery Market Research Report 2024
Published: 08-Jan-2024 Price: US 2900 Onwards Pages: 128
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