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The global rechargeable battery market is expected to grow at a CAGR of 6.8% between 2024 and 2032.
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By 2026, li-ion batteries will make up to 70% of the overall rechargeable battery market, followed by lead-acid at about 20%. The li-ion battery industry size reached a value of USD 40.8 billion in the year 2020 and is expected to reach a value of USD 100.3 billion by 2026
The rechargeable battery market is driven by the increasing demand for portable electronic devices. The Asia Pacific is a significant market, strengthened by the rising demand for consumer electronics, such as smartphones and laptops. Further, the growing concerns regarding sustainability and eco-friendliness have been taken into account by several business sectors to fulfil their social responsibility, which is aiding the growth of the industry.
Properties and Applications
A rechargeable battery, variously known as secondary batteries, is referred to as a sustainable substitute for the one-time use battery consisting of active materials that can be regenerated upon charging. The battery produces electricity through an electrochemical reaction comprising of an anode, cathode, and electrolyte. These are not only cost-efficient and compact in size but also offer optimum runtime and long service life. Lead-acid, nickel-metal-hydride, nickel-cadmium, and lithium-ion are some of the frequently used rechargeable batteries.
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The rechargeable battery market is divided on the basis of battery type into:
On the basis of capacity, the market is divided into:
On the basis of application, the rechargeable battery market is segmented into:
The report also covers the regional rechargeable battery markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global rechargeable battery is driven by the rising demand for portable electronic devices all over the world. The market is further aided by the increasing demand for digital devices, such as smartphones, laptops, and tablets, along with several wearable and related smart devices, which has become an indispensable part of the majority of the global population. Moreover, rising environmental consciousness has bolstered the demand for EVs, leading to an increase in the sales of mid- to large-sized rechargeable li-ion batteries.
The market is further enhanced by the leading competitors within the industry making constant efforts to develop innovative variants with enhanced charging efficiency. For example, the introduction of Absorbent Glass Mat (AGM), which is an advanced lead-acid battery, and is gaining momentum in the automotive industry as it exhibits resistance to vibrations, offers superior overall performance, and has minimal acid leakage. Apart from that, innovations in the field of material sciences are expected to aid the market growth of rechargeable battery in the forecast period.
The report gives a detailed analysis of the following key players in the global rechargeable battery market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
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.
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 Capacity |
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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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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. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rechargeable Battery Market Analysis
8.1 Key Industry Highlights
8.2 Global Rechargeable Battery Historical Market (2018-2023)
8.3 Global Rechargeable Battery Market Forecast (2024-2032)
8.4 Global Rechargeable Battery Market by Type
8.4.1 Lead-Acid Batteries
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Li-ion Batteries
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 NiMH Batteries
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 NiCd Batteries
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Rechargeable Battery Market by Capacity
8.5.1 150 - 1000 mAh
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 1300 - 2700 mAh
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 3000 - 4000 mAh
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 4000 - 6000 mAh
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 6000 - 10000 mAh
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 More than 10000 mAh
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Rechargeable Battery Market by Application
8.6.1 Consumer Electronics
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Industrial Applications
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Automobile Applications
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Defence
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Rechargeable Battery Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Rechargeable Battery Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rechargeable Battery Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rechargeable Battery Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rechargeable Battery Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rechargeable Battery Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 East Penn Manufacturing Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 EnerSys Advanced Systems Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Exide Industries Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 LG Chem
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Saft Groupe SA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Samsung SDI Co., Ltd
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rechargeable Battery Market: Key Industry Highlights, 2018 and 2032
2. Global Rechargeable Battery Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Rechargeable Battery Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Rechargeable Battery Historical Market: Breakup by Capacity (USD Billion), 2018-2023
5. Global Rechargeable Battery Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
6. Global Rechargeable Battery Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Rechargeable Battery Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Rechargeable Battery Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Rechargeable Battery Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Rechargeable Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Rechargeable Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Rechargeable Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Rechargeable Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Rechargeable Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Rechargeable Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Rechargeable Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Rechargeable Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Rechargeable Battery Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Rechargeable Battery Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Rechargeable Battery Market Structure
The market is assessed to grow at a CAGR of 6.8% between 2024 and 2032.
The major drivers of the market include the growing demand for portable electronic devices, rising disposable incomes, and the surging popularity of wearable smart devices.
The growing adoption of electric vehicles driven by the increasing eco-consciousness and the development of innovative variant of the product are the major trends guiding the growth of the market.
The major regions in the market are Latin America, North America, the Middle East and Africa, Europe, and the Asia Pacific.
The various battery types considered in the market report are lead-acid batteries, li-ion batteries, NiMH batteries, and NiCd batteries, among others.
The significant capacities of the product in the market are 150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, and more than 10000 mAh, among others.
Consumer electronics, industrial applications, automobile applications, and defence, among others, are the major applications of rechargeable battery.
The leading players in the market are East Penn Manufacturing Company, EnerSys Advanced Systems Inc., Exide Industries Ltd, LG Chem, Saft Groupe SA, and Samsung SDI Co., Ltd, among others.
Aided by the growing penetration of smart devices and increasing demand for portable electronic devices, the global rechargeable battery market is expected to witness a healthy growth in the forecast period of 2024-2032, growing at a CAGR of 6.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on battery type, the market is segmented into lead-acid, li-ion, NiMH, NiCd, and others. On the basis of capacity, the market is divided into 150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, and more than 10000 mAh, among others. Consumer electronics, industrial applications, automobile applications, and defence, among others, are the major application segments in the market. The major regional markets for rechargeable battery are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share in the market. The key players in the above market include East Penn Manufacturing Company, EnerSys Advanced Systems Inc., Exide Industries Ltd, LG Chem, Saft Groupe SA, and Samsung SDI Co., Ltd, 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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