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Battery Market Share, Size, Trends, Industry Analysis Report, By Type; By End-Use; By Region; Segment Forecast, 2022 - 2029

  • ID: 5261860
  • Report
  • December 2021
  • Region: Global
  • 92 Pages
  • Polaris Market Research

FEATURED COMPANIES

  • A123 Systems LLC
  • Duracell
  • Hitachi Chemical Co. Ltd.
  • LG Chem Ltd.
  • Panasonic Corporation
  • Samsung SDI Co. Ltd.
The global battery market size is expected to reach USD 169.09 billion by 2029 according to this new study. The report “Battery Market Share, Size, Trends, Industry Analysis Report, By Type (Lead-Acid, Lithium-Ion, Nickel Metal Hydride, Nickel Cadmium, Others); By End-Use; By Region; Segment Forecast, 2022-2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.



Batteries are an efficient source of energy and one of the most convenient ways to store power. The robust use of batteries in several end-use industries, including automotive, household, medical, military, industrial, is expected to drive the growth of the industry over the forecast period.

On the basis of type, the lead-acid segment is expected to account for the largest share over the forecast period. These are widely used as vehicle ignition and lights, solar-panel energy storage, backup power, and load leveling in power generation. The lead-acid batteries are highly used as they are recyclable, economical, easier to use, much safer as compared to the other alternatives.

Lithium-Ion segment is expected to hold a significant share over the forecast period owing to its high use in several applications, including electric vehicles, laptops, mobiles, and other appliances. The rising demand for global Energy Storage Systems (ESS) is projected to augment the industry demand over the forecast period. ESS utilizes batteries considering high power delivery, recyclability, and economic nature. Lead-acid batteries are the commonly used battery types for energy storage systems owing to numerous applications.

Asia Pacific region is expected to account for the highest growth over the forecast period owing to the expansion of the manufacturing base in countries such as China, India, and Japan. The global trend is influencing the consumers in the Asia Pacific region to purchase electric vehicles. The increased sale of electric vehicles in the region is anticipated to increase the demand for batteries in the region, accelerating the industry’s growth.

Furthermore, the presence of major industry players, including Toyota Industries, Hyundai Motor Company, Shanghai Automotive Industry Corporation (SAIC), Komatsu Limited, and Nissan Motor Company across the region, is expected to drive the industry growth.

The major participants of the industry include Contemporary Amperex Technology Co, Duracell, Johnson Controls, A123 Systems LLC, BYD Company Ltd, LG Chem Ltd, Eveready Industries, GS Yuasa International Ltd, Hitachi Chemical Co, Ltd, Sony Corporation, NEC Corporation, Panasonic Corporation, Saft, Samsung SDI Co, Ltd, and Toshiba Corporation. These companies are adopting several new business models to further enhance their presence in the global industry.

The publisher has segmented the battery market report on the basis of type, end-use, and region:


Battery, by Type Outlook (Revenue-USD Billion, 2016-2028)


  • Lead-Acid
  • Lithium-Ion
  • Nickel Metal Hydride
  • Nickel Cadmium
  • Others

Battery, by End-Use Outlook (Revenue-USD Billion, 2016-2028)


  • Automotive
  • Industrial
  • Consumer Goods
  • Others

Battery, by Regional Outlook (Revenue-USD Billion, 2016-2028)


  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Middle East & Africa
Frequently Asked Questions about the Battery Market

What is the estimated value of the Battery Market?

The Battery Market was estimated to be valued at $83.1 Billion in 2022.

What is the growth rate of the Battery Market?

The growth rate of the Battery Market is 10.7%, with an estimated value of $169.1 Billion by 2029.

What is the forecasted size of the Battery Market?

The Battery Market is estimated to be worth $169.1 Billion by 2029.

Who are the key companies in the Battery Market?

Key companies in the Battery Market include A123 Systems LLC, BYD Company Ltd., Contemporary Amperex Technology Co., Duracell, Eveready Industries, GS Yuasa International Ltd., Hitachi Chemical Co. Ltd., Johnson Controls and NEC Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • A123 Systems LLC
  • Duracell
  • Hitachi Chemical Co. Ltd.
  • LG Chem Ltd.
  • Panasonic Corporation
  • Samsung SDI Co. Ltd.
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary
2.1. Market Highlights

3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources

4. Battery Market Insights
4.1. Battery Market - Industry Snapshot
4.2. Battery Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Growing demand for electric vehicles
4.2.1.2. Rising integration of electronics
4.2.2. Restraints and Challenges
4.2.2.1. Safety concerns regarding the battery usage
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.6. Battery Industry trends
4.7. COVID-19 Impact Analysis

5. Global Battery Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Battery, by Type, 2017 - 2029 (USD Billion)
5.3. Lead-Acid
5.3.1. Global Battery Market, by Lead-Acid, by Region, 2017 - 2029 (USD Billion)
5.4. Lithium-Ion
5.4.1. Global Battery Market, by Lithium-Ion, by Region, 2017 - 2029 (USD Billion)
5.5. Nickel Metal Hydride
5.5.1. Global Battery Market, by Nickel Metal Hydride, by Region, 2017 - 2029 (USD Billion)
5.6. Nickel Cadmium
5.6.1. Global Battery Market, by Nickel Cadmium, by Region, 2017 - 2029 (USD Billion)
5.7. Others
5.7.1. Global Other Battery Market, by Region, 2017 - 2029 (USD Billion)

6. Global Battery Market, by End-Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Battery Market, by End-Use, 2017 - 2029 (USD Billion)
6.3. Automotive
6.3.1. Global Battery Market, by Automotive, by Region, 2017 - 2029 (USD Billion)
6.4. Industrial
6.4.1. Global Battery Market, by Industrial, by Region, 2017 - 2029 (USD Billion)
6.5. Consumer Goods
6.5.1. Global Battery Market, by Consumer Goods, by Region, 2017 - 2029 (USD Billion)
6.6. Others
6.6.1. Global Battery Market, by Others, by Region, 2017 - 2029 (USD Billion)

7. Global Battery Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Battery Market Assessment, By Geography, 2017 - 2029 (USD Billion)
7.3. Battery Market - North America
7.3.1. North America: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.3.2. North America: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.3.3. Battery Market - U.S.
7.3.3.1. U.S.: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.3.3.2. U.S.: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.3.4. Battery Market - Canada
7.3.4.1. Canada: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.3.4.2. Canada: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.3.5. Battery Market - Mexico
7.3.5.1. Mexico: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.3.5.2. Mexico: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.4. Battery Market - Europe
7.4.1. Europe: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.4.2. Europe: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.4.3. Battery Market - UK
7.4.3.1. UK: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.4.3.2. UK: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.4.4. Battery Market - France
7.4.4.1. France: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.4.4.2. France: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.4.5. Battery Market - Germany
7.4.5.1. Germany: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.4.5.2. Germany: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.4.6. Battery Market - Italy
7.4.6.1. Italy: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.4.6.2. Italy: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.5. Battery Market - Asia Pacific
7.5.1. Asia Pacific: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.5.2. Asia Pacific: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.5.3. Battery Market - China
7.5.3.1. China: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.5.3.2. China: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.5.4. Battery Market - India
7.5.4.1. India: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.5.4.2. India: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.5.5. Battery Market - Japan
7.5.5.1. Japan: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.5.5.2. Japan: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.6. Battery Market - Middle East & Africa
7.6.1. Middle East & Africa: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.6.2. Middle East & Africa: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.7. Battery Market - Latin America
7.7.1. Latin America: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.7.2. Latin America: Battery Market, by Type, 2017 - 2029 (USD Billion)
7.7.3. Battery Market - Brazil
7.7.3.1. Brazil: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
7.7.3.2. Brazil: Battery Market, by Type, 2017 - 2029 (USD Billion)

8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles
9.1. A123 Systems LLC
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. BYD Company Ltd.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Contemporary Amperex Technology Co.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Duracell
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Eveready Industries
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. GS Yuasa International Ltd.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Hitachi Chemical Co., Ltd.
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Johnson Controls
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. LG Chem Ltd.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. NEC Corporation
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Panasonic Corporation
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Saft
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Samsung SDI Co., Ltd.
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. Sony Corporation
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Toshiba Corporation
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development

List of Tables
Table 1 Global Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 2 Global Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 3 Battery Market Assessment, By Geography, 2017 - 2029 (USD Billion)
Table 4 North America: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 5 North America: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 6 U.S.: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 7 U.S.: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 8 Canada: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 9 Canada: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 10 Mexico: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 11 Mexico: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 12 Europe: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 13 Europe: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 14 UK: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 15 UK: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 16 France: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 17 France: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 18 Germany: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 19 Germany: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 20 Italy: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 21 Italy: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 22 Asia Pacific: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 23 Asia Pacific: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 24 China: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 25 China: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 26 India: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 27 India: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 28 Japan: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 29 Japan: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 30 Middle East & Africa: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 31 Middle East & Africa: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 32 Latin America: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 33 Latin America: Battery Market, by Type, 2017 - 2029 (USD Billion)
Table 34 Brazil: Battery Market, by End-Use, 2017 - 2029 (USD Billion)
Table 35 Brazil: Battery Market, by Type, 2017 - 2029 (USD Billion)

List of Figures
Figure 1 Global Battery Market, 2017 - 2029 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter’s Five Forces
Figure 6 Market by End-Use
Figure 7 Global Battery Market, by End-Use, 2021 & 2029 (USD Billion)
Figure 8 Market by Type
Figure 9 Global Battery Market, by Type, 2021 & 2029 (USD Billion)
Figure 10 Battery Market Assessment, By Geography, 2017 - 2029 (USD Billion)
Figure 11 Strategic Analysis – Battery Market
Note: Product cover images may vary from those shown
  • A123 Systems LLC
  • BYD Company Ltd.
  • Contemporary Amperex Technology Co.
  • Duracell
  • Eveready Industries
  • GS Yuasa International Ltd.
  • Hitachi Chemical Co. Ltd.
  • Johnson Controls
  • LG Chem Ltd.
  • NEC Corporation
  • Panasonic Corporation
  • Saft
  • Samsung SDI Co. Ltd.
  • Sony Corporation
  • Toshiba Corporation.
Note: Product cover images may vary from those shown