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Battery - Global Strategic Business Report

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    Report

  • 946 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303140
The global market for Battery is estimated at US$126.6 Billion in 2023 and is projected to reach US$322.2 Billion by 2030, growing at a CAGR of 12.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Lead Acid Battery segment, which is expected to reach US$60.2 Billion by 2030 with a CAGR of 5.3%. The Lithium Ion Battery segment is also set to grow at 17.4% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $19.8 Billion in 2023, and China, forecasted to grow at an impressive 14.2% CAGR to reach $76.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Battery Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Battery Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Battery Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as A123 Systems LLC, Banpu Public Company Limited, BYD Company Ltd., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 328 Featured):

  • A123 Systems LLC
  • Banpu Public Company Limited
  • BYD Company Ltd.
  • Contemporary Amperex Technology Co. Ltd.
  • Duracell Inc.
  • EnerDel, Inc.
  • Eveready Industries India Ltd.
  • Exide Technologies, Inc.
  • GS Yuasa International Ltd.
  • Hitachi High-Tech Corporation
  • Johnson Controls International PLC
  • LG Chem Ltd.
  • NEC Corporation
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Saft Groupe SA
  • Samsung SDI Co., Ltd.
  • Sony Corporation
  • Tesla, Inc.
  • Toshiba Corporation
  • Trojan Battery Company

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • As Indispensable Power Source, Significance of Batteries Continues to Grow in the Modern World
  • What is a Battery?
  • Evolution of Battery over the Years: A Snapshot
  • Global Economic Update
  • Global Market Outlook
  • Performance, Sustainability & Independence Trending Big in Battery Industry
  • Asia-Pacific to Experience Favorable Growth
  • Regionalization of Supply Chains
  • Competition
  • Battery - Global Key Competitors Percentage Market Share in 2024 (E)
  • Li-ion Battery - Global Key Competitors Percentage Market Share in 2023 (E)
  • Leading EV Battery Manufacturers Worldwide (in %) for 2023E
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Li-ion Battery Registers Strong Growth with Expanding Applications in Consumer Electronics, Electric Vehicles and Energy Storage Sectors
  • A Comparative Review of Key Properties of Different Li-ion Batteries
  • Existing and Emerging Applications of Lithium-Ion Batteries
  • China Dominates Li-ion Battery Production, US and Europe Make Efforts to Gain Strong Position
  • Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2019, 2022 and 2025
  • Global Li-ion Battery Market Production Capacity Share Breakdown by Region/Country for 2020 and 2030
  • Global Li-ion Battery Production Capacity Pipeline in GWh for 2020 and 2030
  • Leading Li-ion Battery Mega Factories Worldwide: Ranked by Storage Capacity in GWh Per Annum
  • Robust Outlook for EVs Opens New Avenues of Growth for EV Batteries
  • Electric Micromobility Rises in Prominence
  • Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
  • Global Electric Heavy Duty Vehicles Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
  • Global Automakers Focus on Securing Raw Materials for EVs
  • Projected Demand for Metals and Minerals from Li-ion Battery Packs Used in Passenger EVs by Type for the Years 2025 and 2030 (In Thousand Metric Tons)
  • Rising Sales of Electric Buses Bolsters Demand for Li-ion Batteries
  • Shortfall of Raw Materials to Augment Cost of EV Batteries
  • Li-Ion Battery Cell & Pack Price (in $ per kWh) for the Years 2015-2023
  • Amazing Array of Trends Charging Up EV Battery Space
  • Tweaks in EV Battery Chemistry & Policy Boost as Hallmarks of Evolving Battery Domain
  • Major Players Operating in the EV Battery Space
  • Production of Electric Cars Set to Increase Focus on Battery Recycling
  • Li-ion Batteries Emerge as the Dominant Technology for Grid-Scale Energy Storage
  • Comparison of Key Features for NaS Battery, Lithium-ion Battery, and Flow Battery Technologies
  • Rapid Growth of Renewable Energy Market Drives Opportunities
  • Global Cumulative PV Capacity Additions in GW: 2018, 2020, 2022, 2024, 2026
  • Li-ion Solar Batteries Hold an Edge over Lead Acid Batteries for Residential Solar Customers
  • Key Trends Driving the Battery Energy Storage Systems Market
  • Emerging Trends & Developments to Watch-For in Energy Storage
  • Buzzing Technologies with Potential to Shift Boundaries of Battery Industry
  • Trends Making Energetic Splash in Home Battery Storage Market
  • Rapid Proliferation of Smart Homes Bodes Well for Battery Uptake
  • Driven by Focus on Convenience, Comfort and Energy Savings, the Rising Proliferation of Smart Homes Presents Steady Growth Opportunities for Batteries Market: Global Smart Homes Market (In US$ Million) for the Years 2023, 2025, 2027 and 2029
  • Smart Cities & IoT Push Up the Need for Smart Batteries
  • New Battery Chemistry and Modularity at the Forefront of Innovations in UPS Systems
  • Battery Management Gains Precedence
  • Backup Power Demand Gives Special Thrust to Lead-Acid Batteries
  • Graphene Holds the Potential to Enhance Attributes of Li-ion Batteries
  • Smart UPS Systems Built on Li-Ion Batteries Present Exciting Opportunities for Data Centers to Leverage Stored, Unused Energy
  • Increasing Adoption of Li-ion Batteries in Data Centers: Battery-based Backup (in GWh) for Li-ion Batteries in North American and European Data Centers for the Years 2019, 2021, 2023 and 2025
  • Complex Infrastructure and Scale of Modern Data Centers Necessitates Energy Storage: Potential for Flow Batteries
  • Demand for PorTable Batteries Set to Rise in Tandem with Expansion of PorTable Applications
  • Li-ion Batteries Offer Support for Industrial Applications
  • Increased Preference for Li-ion Batteries by Motorcycle Manufacturers Due to High Resistivity to Drive the Market Growth
  • World Electric Bikes Market Breakdown of Sales (in %) by Battery Type (2020 & 2027)
  • Dynamics in the Consumer Batteries Space
  • Growing Demand for Mobile Computing Devices To Spur Demand
  • World Consumer Li-Ion Rechargeable Battery Market by Application (2023): Percentage Breakdown of Volume Shipments for Mobile Phone, Notebook PC, Tablet PC and Others
  • Widespread Use of Li-ion Batteries in Smartphones
  • Li-ion Batteries Gain Momentum in Wearable Devices
  • Global Electronic Wearables Shipments (In Million Units) for Years 2020, 2022, 2024 & 2026
  • Demand for Smart Batteries Pushes Up the Importance of Battery Fuel Gauge ICs
  • The Rise of Drones Spurs Demand for Drone Batteries
  • Advanced Batteries for UAV Drones
  • Global Number of Commercial Drones (In Units) for Years 2020, 2022, 2024 & 2026
  • Nickel Cadmium Batteries: Declining Demand Deters Market Prospects
  • Decelerating Demand Deters Nickel Metal Hydride Batteries Segment
  • Flow Batteries Gain Demand
  • Smart Grids Elevate the Prospects for Flow Batteries
  • Pandemic Impact on the Vanadium Redox Battery Market
  • Vanadium Flow Batteries: Unveiling the Much Needed Energy Storage Breakthrough
  • Next Generation Advanced Batteries to Witness Rapid Growth as Industry Focuses on Sustainability
  • Lithium Polymer Battery Attracts Growth
  • Lithium Sulphur Batteries Demand to Accelerate
  • Lead-Acid Batteries Remain Central to the Automotive Industry
  • Short Life of Lead Acid Batteries & Growing Vehicle PARC Fuels Opportunities for Aftermarket Batteries
  • Rising Share of Electronics in Automobiles to Augment Demand
  • Growing Significance of Solid-State Batteries Over Traditional Lithium-ion Battery Systems to Drive the Market Growth
  • Solid-State Technology Seeks Role in EV Domain
  • NoTable Battery Trends Poised to Transform Marketplace
  • Next-Generation Battery Technologies Creating a Roadmap for Tomorrow
  • Battery Chemistry Improvements Augment Innovations & Advancements
  • Researchers Aim to Develop Advanced Li-Ion Batteries for Electric Vehicles
  • Inadequacies of Electrolyte-based Li-Ion Battery Cells Prompt New R&D Investments
  • Stanford Researchers Focus on Battery Technology
  • Select Battery Innovations and Developments
  • Dynamics in Battery Materials Space to Shape Trends in Battery Market
  • Opportunities and Challenges of Sustainable Battery Production
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • Rapid Growth in Urban Households
  • World Urban Population in Millions: 1950-2050
  • Growing Affluence of Middle Class Consumer Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Rising Living Standards
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Battery Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Battery by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Battery by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Lead Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Lead Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Lead Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Lithium Ion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Lithium Ion by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Lithium Ion by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Nickel Metal Hydride by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Nickel Metal Hydride by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Nickel Metal Hydride by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Automotive Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Automotive Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Automotive Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for PorTable Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for PorTable Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for PorTable Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Industrial Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Industrial Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Industrial Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Battery Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • A123 Systems LLC
  • Banpu Public Company Limited
  • BYD Company Ltd.
  • Contemporary Amperex Technology Co. Ltd.
  • Duracell Inc.
  • EnerDel, Inc.
  • Eveready Industries India Ltd.
  • Exide Technologies, Inc.
  • GS Yuasa International Ltd.
  • Hitachi High-Tech Corporation
  • Johnson Controls International PLC
  • LG Chem Ltd.
  • NEC Corporation
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Saft Groupe SA
  • Samsung SDI Co., Ltd.
  • Sony Corporation
  • Tesla, Inc.
  • Toshiba Corporation
  • Trojan Battery Company

Table Information