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The global battery market attained a value of USD 116 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 15%.
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The Asia Pacific market is witnessing robust growth due to the increasing manufacturing activities in China and India. Rapid urbanisation and industrialisation are increasing the demand for technologically advanced portable products, hence aiding the market growth. Moreover, the introduction of favourable initiatives by the Indian government provided funding through incentive 2.0 for manufacturing of consumer electronics and Made in China 2025 initiated by the Chinese government are increasing the demand for batteries, hence aiding the market growth. Moreover, the consumption of consumer electronics is rising significantly in technologically advanced countries, such as South Korea, Japan, and Singapore, among others. The advent of portable and smart devices is increasing the use of batteries, further invigorating the market growth and contributing to the overall growth of the market.
Batteries are extensively used in various industrial applications, such as telecommunication, medical equipment, oil drilling, and tracking systems, among others, which are propelling the industry growth. Moreover, batteries are also used in the flourishing aerospace industry to feed navigation and emergency systems, which is bolstering the market growth. Additionally, the development of energy storage systems in various emerging economies for efficient power supply is further boosting the market growth. The rising demand for sustainable energy storage by industrial companies owing to various governments’ regulations is facilitating the market growth.
A battery is a container that consists of two or more cells and converts chemical energy into electrical energy. It is used for powering electronic devices, such as mobile phones, flashlights, and electric cars, among others. Batteries have several advantages over other power sources as they can store energy and provide specific energy capacity.
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The major products of battery are:
The market can be broadly categorised on the basis of its applications into:
The EMR report looks into the regional markets of battery like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The rising popularity of electronic vehicles is crucial in the expansion of the battery industry. The surging use of lithium-ion batteries in electric cars and scooters is driving the market growth. The e-scooters industry is witnessing significant growth in emerging economies. Electronic vehicles are increasingly used due to their cost-effectiveness and high efficiency. Moreover, stringent government policies owing to rising pollution levels are also increasing the demand for fuel-efficient electronic vehicles, consequently escalating the demand for a battery. This is expected to drive the market growth in the forecast period.
The rising use of consumer electronics owing to growing disposable income and evolving living standards is also augmenting the market growth. Moreover, the growing consumer awareness is increasing the demand for sustainable products, further catalysing the battery industry. Technological advancements and innovations to develop more efficient, cost-effective, and durable batteries are anticipated to further boost the industry growth. In addition, the rising prevalence of the use of portable batteries owing to hectic lifestyles and growing dependency on technological gadgets is also fuelling the market growth. Further, increasing research and development (R&D) activities using technological innovations is also lubricating the market growth. For instance, in 2019, a team of researchers from Stanford University, MIT, and Toyota Research Institute used artificial intelligence (AI) to predict the performance of lithium-ion batteries. Such developments are anticipated to accelerate the market growth.
The report presents a detailed analysis of the following key players in the global battery market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Regions|
|Breakup by Product||Lithium-Ion, Lead Acid, Nickel Metal Hydride, Nickel Cadmium, Others|
|Breakup by Application||Automotive Batteries, Industrial Batteries, Portable Batteries|
|Breakup by Regions||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||LG Energy Solution, GS Yuasa International Ltd., BYD Company Ltd., Exide Industries Ltd., Johnson Controls, Panasonic Corporation, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Battery Historical Market (2017-2021)
8.3 Global Battery Market Forecast (2022-2027)
8.4 Global Battery Market by Product
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.2 Lead Acid
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.4.3 Nickel Metal Hydride
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.4.4 Nickel Cadmium
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5 Global Battery Market by Application
8.5.1 Automotive Batteries
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.5.2 Industrial Batteries
22.214.171.124 Market Share
126.96.36.199 Historical Trend (2017-2021)
188.8.131.52 Forecast Trend (2022-2027)
8.5.3 Portable Batteries
184.108.40.206 Market Share
220.127.116.11 Historical Trend (2017-2021)
18.104.22.168 Forecast Trend (2022-2027)
8.6 Global Battery Market by Region
8.6.1 Market Share
22.214.171.124 North America
126.96.36.199 Asia Pacific
188.8.131.52 Latin America
184.108.40.206 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
220.127.116.11 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
18.104.22.168 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 LG Energy Solution
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.2 GS Yuasa International Ltd.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.3 BYD Company Ltd.
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.4 Exide Industries Ltd.
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
12.2.5 Johnson Controls
184.108.40.206 Company Overview
220.127.116.11 Product Portfolio
18.104.22.168 Demographic Reach and Achievements
12.2.6 Panasonic Corporation
22.214.171.124 Company Overview
126.96.36.199 Product Portfolio
188.8.131.52 Demographic Reach and Achievements
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Material
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Battery Market: Key Industry Highlights, 2016 and 2026
2. Global Battery Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Battery Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Battery Historical Market: Breakup by Application (USD Billion), 2017-2021
5. Global Battery Market Forecast: Breakup by Application (USD Billion), 2022-2027
6. Global Battery Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Battery Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Battery Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Battery Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Battery Market Structure
In 2020, the global battery market attained a value of nearly USD 116 billion.
The market is projected to grow at a CAGR of 15% between 2021 and 2026.
The market is being aided by rapid urbanisation and urbanisation in the emerging countries, the surging use of electronic vehicles, and the rising use of consumer electronics.
The industry is expected to be defined by the increasing research and development (R&D).
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products of battery in the industry are lithium-ion, lead acid, nickel metal hydride, and nickel cadmium, among others.
The significant applications in the market are automotive batteries, industrial batteries, and portable batteries.
The major players in the industry are LG Energy Solution, GS Yuasa International Ltd., BYD Company Ltd., Exide Industries Ltd., Johnson Controls, and Panasonic Corporation, among others.
The global battery market attained a value of USD 116 billion in 2020, driven by the rising use of batteries in various major industries. Aided by the surging popularity of electronic vehicles, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 15%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the battery industry can be segmented into lithium-ion, lead acid, nickel metal hydride, and nickel cadmium, among others. On the basis of applications, the industry is divided into automotive batteries, industrial batteries, and portable batteries. The major regional markets for battery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include LG Energy Solution, GS Yuasa International Ltd., BYD Company Ltd., Exide Industries Ltd., Johnson Controls, and Panasonic Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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