Description
MARKET OUTLOOK
A research study anticipates that the Asia-Pacific’s battery market is expected to progress with a CAGR of 16.65% during the forecasting period 2022-2028. Countries, India, Japan, ASEAN China, South Korea, Australia & New Zealand and Rest of Asia-Pacific are evaluated in the market in this region.
In China, the growing renewable sector, adoption of electric vehicles, growth in the automotive industry, and increased consumer electronics sales are some of the major factors expected to propel the country’s growth. The country ranked first in the largest passenger car production in 2021, with a production volume of 21.41 million passenger cars.
Further, about 2.9 million cars were sold across the country that year, marking an increase of 162% compared to 2020. Electric batteries are used to power certain components fuel-powered cars. Such growth in the automotive sector has created a significant demand for different types of batteries to be used in automobiles, supplementing the growth of the battery market across China during the forecast period.
In South Korea, the increased focus of market players on developing and launching technologically advanced and innovative products is expected to lead the market during the forecast period. For instance, Samsung SDI and LG Energy Solutions (LGES) announced launching a new generation 21700 lithium-ion battery that increased energy density by 10%. Such product launches could sharpen the country’s edge in electric vehicle (EV) battery manufacturing. In addition, CATL, the largest battery supplier in China, set up a production base in the country to provide batteries for Hyundai Motors. Hence, all such factors are expected to further increase the adoption and deployment of batteries promoting the market’s growth.
COMPETITIVE OUTLOOK
GS Yuasa International Ltd, Panasonic Corporation, Shenzhen BAK Battery Co Ltd, Eveready Industries, Duracell, Toshiba Corporation and Trojan Battery Company are some of the dominant players in the battery market.
TABLE OF CONTENTS
1. ASIA-PACIFIC BATTERY MARKET – SUMMARY
2. INDUSTRY OUTLOOK
2.1. IMPACT OF COVID-19 ON THE BATTERY MARKET
2.2. KEY INSIGHTS
2.2.1. INCREASING DEMAND FOR ENERGY STORAGE SYSTEMS
2.2.2. EMERGENCE OF AGM BATTERIES
2.3. PORTER’S FIVE FORCES ANALYSIS
2.3.1. THREAT OF NEW ENTRANTS
2.3.2. THREAT OF SUBSTITUTES
2.3.3. BARGAINING POWER OF BUYERS
2.3.4. BARGAINING POWER OF SUPPLIERS
2.3.5. THREAT OF COMPETITIVE RIVALRY
2.4. MARKET ATTRACTIVENESS INDEX
2.5. VENDOR SCORECARD
2.6. KEY MARKET STRATEGIES
2.6.1. PRODUCT LAUNCHES & DEVELOPMENTS
2.6.2. PARTNERSHIPS & AGREEMENTS
2.7. MARKET DRIVERS
2.7.1. RISING POPULARITY OF CONSUMER ELECTRONICS
2.7.2. INCENTIVES FOR MANUFACTURING ELECTRIC VEHICLE BATTERIES
2.7.3. DECLINING BATTERY PRICES
2.7.4. HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS
2.8. MARKET CHALLENGES
2.8.1. SAFETY ISSUES PERTAINING TO BATTERY USAGE
2.8.2. VOLATILITY IN THE PRICES OF RAW MATERIALS
2.8.3. ISSUES PERTAINING TO BATTERY RECYCLING
2.9. MARKET OPPORTUNITIES
2.9.1. INCREASING PENETRATION OF MARINE BATTERIES
2.9.2. GOVERNMENT INCENTIVES FOR CLEANER TRANSPORTATION
3. ASIA-PACIFIC BATTERY MARKET OUTLOOK – BY BATTERY TYPE
3.1. PRIMARY BATTERY
3.2. SECONDARY BATTERY
4. ASIA-PACIFIC BATTERY MARKET OUTLOOK – BY TECHNOLOGY
4.1. LEAD-ACID BATTERY
4.2. LITHIUM-ION BATTERY
4.3. NICKEL-METAL HYDRIDE (NIMH) BATTERY
4.4. NICKEL-CADMIUM (NICD) BATTERY
4.5. NICKEL-ZINC (NIZN) BATTERY
4.6. FLOW BATTERY
4.7. SODIUM-SULFUR (NAS) BATTERY
4.8. ZINC-MANGANESE DIOXIDE BATTERY
4.9. SMALL SEALED LEAD-ACID BATTERY
4.10. OTHER TECHNOLOGIES
5. ASIA-PACIFIC BATTERY MARKET OUTLOOK – BY END-USE
5.1. AUTOMOTIVE BATTERIES
5.2. INDUSTRIAL BATTERIES
5.3. PORTABLE BATTERIES
5.4. POWER TOOLS BATTERIES
5.5. SLI BATTERIES
5.6. OTHER END-USES
6. ASIA-PACIFIC BATTERY MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH KOREA
6.5. ASEAN COUNTRIES
6.6. AUSTRALIA & NEW ZEALAND
6.7. REST OF ASIA-PACIFIC
7. COMPETITIVE LANDSCAPE
7.1. JOHNSONS CONTROLS INC
7.2. GS YUASA INTERNATIONAL LTD
7.3. EXIDE TECHNOLOGIES
7.4. LG CHEM LTD
7.5. A123 SYSTEMS LLC
7.6. TOSHIBA CORPORATION
7.7. PANASONIC CORPORATION
7.8. SAMSUNG SDI CO LTD
7.9. SAFT GROUPE SA
7.10. TROJAN BATTERY COMPANY
7.11. BYD COMPANY LTD
7.12. NEC CORPORATION
7.13. EVEREADY INDUSTRIES
7.14. DURACELL
7.15. EAST PENN MANUFACTURING CO
7.16. CROWN BATTERY MANUFACTURING COMPANY
7.17. C&D TECHNOLOGIES INC
7.18. ENERSYS
7.19. MURATA MANUFACTURING CO LTD
7.20. SHENZHEN BAK BATTERY CO LTD
8. RESEARCH METHODOLOGY & SCOPE
8.1. RESEARCH SCOPE & DELIVERABLES
8.2. SOURCES OF DATA
8.3. RESEARCH METHODOLOGY
TABLE LIST
TABLE 1: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: ASIA-PACIFIC BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 5: ASIA-PACIFIC BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 6: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE LIST
FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC BATTERY MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 4: ASIA-PACIFIC BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 6: ASIA-PACIFIC BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 8: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 10: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 15: ASIA-PACIFIC BATTERY MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC BATTERY MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE 17: ASIA-PACIFIC BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 18: ASIA-PACIFIC BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 21: ASIA-PACIFIC BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 22: ASIA-PACIFIC BATTERY MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)
FIGURE 23: ASIA-PACIFIC BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 24: CHINA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: JAPAN BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: INDIA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: SOUTH KOREA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: ASEAN COUNTRIES BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: AUSTRALIA & NEW ZEALAND BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: REST OF ASIA-PACIFIC BATTERY MARKET 2022-2028 (IN $ MILLION)
Reviews
There are no reviews yet.