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Brazil Battery Market Size, Price, Trends, Forecast: By Type: Primary, Secondary; By Technology: Lead-acid Battery, Lithium-ion Battery, Others; By Application: Automotive, Industrial Batteries, Consumer Electronics, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Brazil Battery Market Outlook
The Brazil battery market size reached nearly USD 205.50 million in 2023. The market is projected to grow at a CAGR of 11% between 2024 and 2032 to reach a value of around USD 527.52 million by 2032.
Key Trends in the Market
Battery refers to an electrochemical device which is used to power various electronic equipment or devices and can be recharged by connecting to a source of electricity. A battery works on the principle of conversion of chemical energy into electrical.
- The increasing sales of electric vehicles across the country are driving the Brazil battery market growth. Over the forecast period, new models of electric cars are likely to enter the Brazilian market, thereby surging the demand for lithium-ion batteries.
- Collaborative efforts by private and public players in the country aimed towards reducing carbon emissions and the depletion of natural resources are leading to a swift transition from traditional power generation methods to stored energy systems. Moreover, the increasing use of batteries to store renewable energy in the utility sector is one of the key Brazil battery market trends.
- Heightening utilisation of industrial batteries for various applications, like offering backup power for telecom base stations and data centres and powering warehouse equipment, among others, is driving the market growth.
Market Analysis
Based on type, the Brazil battery market segmentations include primary and secondary. On the basis of technology, the market is classified into lead-acid battery, and lithium-ion battery, among others. By application, the market is divided into automotive, industrial batteries, and consumer electronics, among others. The major regional markets for battery in Brazil include São Paulo, Minas Gerais, Rio de Janeiro, Bahia, and Rio Grande do Sul, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Brazil battery market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Clarios
- ENERSYS
- Moura Group
- Inventus Power
- CBMM
- Toshiba Corporation
- Johnson Matthey
- Panasonic Corporation
- Others
Market Share by Technology
Lithium-ion battery accounts for a significant portion of the Brazil battery market share. This can be attributed to the increasing expansion of lithium production capacity across Jequitinhonha Valley and Minas Gerais. Favourable policies of the Brazilian government aimed towards escalating lithium investments in the nation, owing to the increasing demand for downstream lithium-ion battery products, are further fuelling the segment’s growth.
Market Share by Application
According to the Brazil battery market analysis, consumer goods are expected to witness a heightened demand in the coming years. The growing popularity of social media and e-commerce platforms and rising disposable incomes have been scaling up the sales of consumer goods such as headphones, handheld power tools, and several types of electrical appliances, boosting the usage of rechargeable batteries.
Competitive Landscape
Clarios is a company which develops battery technology. The company offers lead-acid and lithium-ion batteries to the end users. It was founded in 1885 and is headquartered in Wisconsin, the United States.
ENERSYS is a leading battery manufacturer which provides stored energy systems and batteries for industrial applications. The company was founded in 2000 and is headquartered in Pennsylvania, the United States.
Moura Group is a company which manufactures electrical equipment and components, along with energy accumulation solutions. Based in Brazil, the company is one of the largest suppliers of vehicle fleets in Latin America.
Other Brazil battery market players include Inventus Power, CBMM, Toshiba Corporation, Johnson Matthey, and Panasonic Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Brazil Battery Market Overview
8.1 Key Industry Highlights
8.2 Brazil Battery Historical Market (2018-2023)
8.3 Brazil Battery Market Forecast (2024-2032)
9 Brazil Battery Market by Type
9.1 Primary
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Secondary
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Brazil Battery Market by Technology
10.1 Lead-acid Battery
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Lithium-ion Battery
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Others
11 Brazil Battery Market by Application
11.1 Automotive
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Battery Type
11.1.3.1 Lead-acid Battery
11.1.3.2 Lithium-ion Battery
11.1.3.3 Others
11.2 Industrial Batteries
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Battery Type
11.2.3.1 Lead-acid Battery
11.2.3.2 Lithium-ion Battery
11.2.3.3 Others
11.3 Consumer Electronics
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.3.3 Breakup by Battery Type
11.3.3.1 Lead-acid Battery
11.3.3.2 Lithium-ion Battery
11.3.3.3 Others
11.4 Others
12 Brazil Battery Market by Region
12.1 São Paulo
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Minas Gerais
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Rio de Janeiro
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Bahia
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Rio Grande do Sul
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 8506)
14.1 Major Exporting Country
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Country
14.2.1 By Value
14.2.2 By Volume
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Leading Key Players’ Market Share
16.3 Company Profiles
16.3.1 Clarios
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Certifications
16.3.2 ENERSYS
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Certifications
16.3.3 Moura Group
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Certifications
16.3.4 Inventus Power
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Certifications
16.3.5 CBMM
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Certifications
16.3.6 Toshiba Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Demographic Reach and Achievements
16.3.6.4 Certifications
16.3.7 Johnson Matthey
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Demographic Reach and Achievements
16.3.7.4 Certifications
16.3.8 Panasonic Corporation
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Demographic Reach and Achievements
16.3.8.4 Certifications
16.3.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Brazil Battery Market: Key Industry Highlights, 2018 and 2032
2. Brazil Battery Historical Market: Breakup by Type (USD Million), 2018-2023
3. Brazil Battery Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Brazil Battery Historical Market: Breakup by Technology (USD Million), 2018-2023
5. Brazil Battery Market Forecast: Breakup by Technology (USD Million), 2024-2032
6. Brazil Battery Historical Market: Breakup by Application (USD Million), 2018-2023
7. Brazil Battery Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Brazil Battery Historical Market: Breakup by Region (USD Million), 2018-2023
9. Brazil Battery Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Brazil Battery Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 205.50 million in 2023.
The market is estimated to grow at a CAGR of 11% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 527.52 million by 2032.
The increasing sales of passenger and commercial electric vehicles across the country, heightening usage of industrial batteries for various applications, including backup power for telecom base stations, and increasing demand for consumer goods are the major drivers of the market.
The key trends in the market include the rising use of batteries to store renewable energy, technological advancements and innovations, and the surging demand for lithium-ion batteries.
Primary and secondary are the different battery types considered in the market report.
Lead-acid battery, and lithium-ion battery, among others are the major segments based on technologies of battery.
Clarios, ENERSYS, Moura Group, Inventus Power, CBMM, Toshiba Corporation, Johnson Matthey, and Panasonic Corporation, among others, are the key market players.
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