GLOBAL BATTERY MARKET 2022-2028

Description

MARKET OUTLOOK

A report by CRI highlights that the global battery market would grow at a CAGR of 15.68% over the forecast period of 2022-2028.
The studied market’s growth is supported by factors such as the rising popularity of consumer electronics, government incentives for manufacturing electric vehicle batteries, declining battery prices and high demand for automotive applications, majorly from electric vehicles. The high demand for portable electronics such as smartphones, tablets, LCDs, and wearable devices such as fitness bands is boosting the market growth. In addition, there has been a growth in the shipment of wearable devices across the globe, doubling the number of devices shipped from 2019 to 2022.
Further, the market also experienced increased research and development activities of consumer electronic batteries by the market players. Hence, all these factors are expected to increase the demand and the adoption of batteries for consumer electronic devices, promoting market growth during the forecast period. However, safety issues about battery usage, volatility in raw material prices, and issues relating to battery recycling can hinder the market growth in the forecast period.

REGIONAL OUTLOOK

The global battery market covers North America, Asia-Pacific, Europe, Middle East and Africa, and Latin America.
Asia-Pacific dominates the battery market globally, and it is expected to continue its stronghold until 2028. Additionally, the region is expected to be the fastest growing during the forecast period. The adoption of electric vehicles is continuously increasing in developed and developing countries. China is leading the global sale of electric vehicles, and other developing economies such as India are transforming their public transportation infrastructure for electric vehicles. The increasing demand for electric vehicles majorly drives the battery market in the region. Additionally, the growing renewable sector, increased sales of consumer electronics, growth in the number of data centers, rise in the popularity of electric vehicles, and other factors support the regional market’s growth.

COMPETITIVE OUTLOOK

The key players in the market include Johnsons Controls Inc, GS Yuasa International Ltd, Exide Technologies, LG Chem Ltd, A123 Systems LLC, Toshiba Corporation, Panasonic Corporation, Shenzhen BAK Battery Co Ltd, Saft Groupe SA, Trojan Battery Company, BYD Company Ltd, NEC Corporation, Eveready Industries, Duracell, East Penn Manufacturing Co, Crown Battery Manufacturing Company, C&D Technologies Inc, EnerSys, and Murata Manufacturing Co Ltd.
Founded in 2004, GS Yuasa International Ltd. is a Kyoto – based Japanese company. It specializes in the development and production of lithium-ion and lead acid batteries, used in automobiles, defense & aerospace applications and other areas. Along with other electrical equipment, the company also produces and sells power supply systems, lighting apparatus, switchgear, ultraviolet systems, etc. Through the development of a variety of technologies, GS Yuasa has played a vital role in developing as well as expanding goods that answer societal demands. Additionally, the organization has a significant geographic presence throughout the world, including the United States, Asia, and Europe.

TABLE OF CONTENTS

1. GLOBAL 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. GLOBAL BATTERY MARKET OUTLOOK – BY BATTERY TYPE
3.1. PRIMARY BATTERY
3.2. SECONDARY BATTERY
4. GLOBAL 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. GLOBAL 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. GLOBAL BATTERY MARKET – REGIONAL OUTLOOK
6.1. NORTH AMERICA
6.1.1. MARKET BY BATTERY TYPE
6.1.2. MARKET BY TECHNOLOGY
6.1.3. MARKET BY END-USE
6.1.4. COUNTRY ANALYSIS
6.1.4.1. UNITED STATES
6.1.4.2. CANADA
6.2. EUROPE
6.2.1. MARKET BY BATTERY TYPE
6.2.2. MARKET BY TECHNOLOGY
6.2.3. MARKET BY END-USE
6.2.4. COUNTRY ANALYSIS
6.2.4.1. UNITED KINGDOM
6.2.4.2. GERMANY
6.2.4.3. FRANCE
6.2.4.4. SPAIN
6.2.4.5. ITALY
6.2.4.6. REST OF EUROPE
6.3. ASIA-PACIFIC
6.3.1. MARKET BY BATTERY TYPE
6.3.2. MARKET BY TECHNOLOGY
6.3.3. MARKET BY END-USE
6.3.4. COUNTRY ANALYSIS
6.3.4.1. CHINA
6.3.4.2. JAPAN
6.3.4.3. INDIA
6.3.4.4. SOUTH KOREA
6.3.4.5. ASEAN COUNTRIES
6.3.4.6. AUSTRALIA & NEW ZEALAND
6.3.4.7. REST OF ASIA-PACIFIC
6.4. LATIN AMERICA
6.4.1. MARKET BY BATTERY TYPE
6.4.2. MARKET BY TECHNOLOGY
6.4.3. MARKET BY END-USE
6.4.4. COUNTRY ANALYSIS
6.4.4.1. BRAZIL
6.4.4.2. MEXICO
6.4.4.3. REST OF LATIN AMERICA
6.5. MIDDLE EAST AND AFRICA
6.5.1. MARKET BY BATTERY TYPE
6.5.2. MARKET BY TECHNOLOGY
6.5.3. MARKET BY END-USE
6.5.4. COUNTRY ANALYSIS
6.5.4.1. UNITED ARAB EMIRATES
6.5.4.2. SAUDI ARABIA
6.5.4.3. TURKEY
6.5.4.4. SOUTH AFRICA
6.5.4.5. REST OF MIDDLE EAST & AFRICA
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: GLOBAL BATTERY MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: GLOBAL BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 4: GLOBAL BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 5: GLOBAL BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 6: GLOBAL BATTERY MARKET, BY REGIONAL OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: NORTH AMERICA BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 10: NORTH AMERICA BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 11: EUROPE BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 12: EUROPE BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 13: EUROPE BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 14: EUROPE BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 19: LATIN AMERICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 20: LATIN AMERICA BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 21: LATIN AMERICA BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 22: LATIN AMERICA BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)
TABLE 23: MIDDLE EAST AND AFRICA BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 24: MIDDLE EAST AND AFRICA BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)
TABLE 25: MIDDLE EAST AND AFRICA BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)
TABLE 26: MIDDLE EAST AND AFRICA BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)

FIGURE LIST

FIGURE 1: MARKET ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL BATTERY MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)
FIGURE 3: GLOBAL BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 4: GLOBAL BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 5: GLOBAL BATTERY MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 6: GLOBAL BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 7: GLOBAL BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 8: GLOBAL BATTERY MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 9: GLOBAL BATTERY MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 10: GLOBAL BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 11: GLOBAL BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 12: GLOBAL BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 13: GLOBAL BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 14: GLOBAL BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 15: GLOBAL BATTERY MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE 16: GLOBAL BATTERY MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE 17: GLOBAL BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 18: GLOBAL BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 19: GLOBAL BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 20: GLOBAL BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 21: GLOBAL BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 22: GLOBAL BATTERY MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)
FIGURE 23: GLOBAL BATTERY MARKET, REGIONAL OUTLOOK, 2021 & 2028 (IN %)
FIGURE 24: UNITED STATES BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: CANADA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: UNITED KINGDOM BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 27: GERMANY BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 28: FRANCE BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 29: SPAIN BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: ITALY BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: REST OF EUROPE BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: CHINA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: JAPAN BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: INDIA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: SOUTH KOREA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 36: ASEAN COUNTRIES BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 37: AUSTRALIA & NEW ZEALAND BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 38: REST OF ASIA-PACIFIC BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 39: BRAZIL BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 40: MEXICO BATTERY MARKET, 2022-2028 (IN $ MILLION)
FIGURE 41: REST OF LATIN AMERICA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 42: UNITED ARAB EMIRATES BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 43: SAUDI ARABIA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 44: TURKEY BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 45: SOUTH AFRICA BATTERY MARKET 2022-2028 (IN $ MILLION)
FIGURE 46: REST OF MIDDLE EAST AND AFRICA BATTERY MARKET 2022-2028 (IN $ MILLION)