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Global Battery Market Overview, 2022-2027

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    Report

  • 122 Pages
  • September 2022
  • Region: Global
  • Bonafide Research
  • ID: 5660317
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The report title 'Global Battery Market Overview, 2022-2027' published gives a complete insight on the battery classified on basis of type (primary & secondary), technology (lead-acid, lithium-ion, nickel-cadmium & nickel-metal hydride), and application (automotive, industrial & portable). A battery consists of one or multiple cells which facilitate the conversion of chemical energy into electricity. Batteries are used to supply primary power or act as the back-up power supply in transport, industrial, or commercial applications. With the demand in the global transportation market increasing, the market for batteries is also projected to grow. The rising number of electrical circuits and devices in the transportation industry is one of the major factors driving this growth. New markets that further boost battery growth is the electric bicycle and storage systems for renewable energy, from which homeowners, businesses, and developing nations are benefiting. Large grid storage batteries collect surplus energy during high activity and bridge the gap when the input is low or when user demand is heavy. The overall battery market was valued at around USD 110 Billion in 2021, which is anticipated to rise to over USD 188 Billion by the upcoming timeframe. Furthermore, the market is expected to grow at a CAGR of more than 9% between 2022 and 2027.

The Middle East & Africa and Asia Pacific region together are expected to account for a market share of over 50% by the end of the forecast period. The number of people without access to electricity in the African region is to increase by over 600 Million in 2030, despite efforts to boost electrification. The Sub-Saharan and rural south Asian regions, in particular, are expected to be one of the central hotspots for off-grid solar initiatives. As a result, the use of energy storage with solar photovoltaic technology has been gaining popularity in these countries, which is likely to create an enormous opportunity for the battery market.

Significant increases in battery energy density will probably require a disruptive technology involving a lithium anode. The lithium-ion battery segment is expected to witness prominent market growth during the forecast period. The demand-supply mismatch of raw materials is the hindrance to the market growth. On the other hand, major factors driving the market include declining prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. High demand for portable electronics, including LCDs, smart-phones, tablets, and wearable devices, is boosting the growth of lead-acid battery segment. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation. The market-leading segment of lead-acid batteries is expected to report the lowest CAGR of through the forecasted period.

Policy support enables market growth by making vehicles appealing to consumers, reducing risks for investors, and encouraging manufacturers to develop electric vehicles on a large scale. In the current market scenario, policy support plays a crucial role in driving the adoption of electric vehicles. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. The market comprises a network of players, including major global players as well as localized regional players. Most of these companies are headquartered in China, making it the highest contributing country, with more than 12% market share in global market in 2021. Key players in the global battery market Johnson Controls, Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe SA, Delphi Automotive LLP, LG Chem, and Panasonic Corporation among others.

Covid-19 Impacts:

The battery market was moderately impacted by the COVID-19 pandemic. In the prevailing COVID-19 situation, the expected growth of the market is expected to decline as the pandemic is restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy. The current situation has impacted the supply chain of the battery industry. Key components for batteries are mainly manufactured in Asia and the Pacific. The COVID-19 situation has exposed the over-dependency on the region for key raw materials, especially China. Battery manufacturers in the US, Germany, and Australia are highly impacted by the shutdown of operations in China and other Asia-Pacific countries. It has also resulted in limited production, leading to a serious decline in business inputs. The recovery depends on government assistance as well as the level of corporate debt and how the companies and markets cope with the trimmed demand. After the recovery phase, the market is projected to grow at a moderate rate until 2030.

Major Companies present in the market

A123 Systems LLC, BYD Company Limited, C&D Technologies Inc., Clarios, Contemporary Amperex Technology Corporation Limited, GS Yuasa International Limited, Hitachi Chemical Corporation Limited, LG Chem Limited, Panasonic Corporation, Saft Group SA, Samsung Corporation Limited, Sony Corporation, Toshiba Corporation

Considered In the Report

  • Geography: Global
  • Historical year: 2016
  • Base year: 2021
  • Estimated year: 2022
  • Forecasted year: 2027

Regions covered:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Aspects Covered In the Report

  • Market Size By Value for the historic time period (2016-2021)
  • Market Size By Value for the forecast time period (2022-2027)
  • Market Share by Type (Primary & Secondary)
  • Market Share by Technology (Lead acid Battery, Lithium ion Battery, Nickel metal hydride Battery, Nickel cadmium Battery & Other Batteries)
  • Market Share by Application (Automotive Batteries, Industrial Batteries & Portable Batteries)
  • Market Share by Country

Intended Audience

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the battery manufacturers, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.


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Table of Contents

1. Executive Summary2. Report Methodology
3. Market Structure
3.1. Market Considerate
3.2. Market Definition
4. Economic /Demographic Snapshot
5. Global Battery Market Outlook
5.1. Market Size By Value
5.2. Market Share
5.2.1. By Region
5.2.2. By Country
5.2.3. By Company
5.2.4. By Type
5.2.5. By Technology
5.2.6. By Application
5.3. Global Lead acid Battery Market Outlook
5.4. Global Lithium Ion Battery Market Outlook
5.5. Global Nickel Metal Hydride Battery Market Outlook
5.6. Global Nickel Cadmium Battery Market Outlook
6. North America Battery Market Outlook
6.1. Market Size By Value
6.2. Market Share
6.2.1. By Country
6.2.2. By Type
6.2.3. By Technology
6.2.4. By Application
7. Europe Battery Market Outlook
7.1. Market Size By Value
7.2. Market Share
7.2.1. By Country
7.2.2. By Type
7.2.3. By Technology
7.2.4. By Application
8. Asia-Pacific Battery Market Outlook
8.1. Market Size By Value
8.2. Market Share
8.2.1. By Country
8.2.2. By Type
8.2.3. By Technology
8.2.4. By Application
9. South America Battery Market Outlook
9.1. Market Size By Value
9.2. Market Share
9.2.1. By Country
9.2.2. By Type
9.2.3. By Technology
9.2.4. By Application
10. Middle East & Africa Battery Market Outlook
10.1. Market Size By Value
10.2. Market Share
10.2.1. By Country
10.2.2. By Type
10.2.3. By Technology
10.2.4. By Application
11. History and Manufacturing Process
11.1. Lead Acid Battery
11.2. Lithium Ion Battery
11.3. Nickel Metal Hybrid Battery
11.4. Nickel Cadmium Battery
12. Market Dynamics
12.1. Market Drivers
12.2. Market Challenges
13. Market Trends and Developments
14. Competitive Landscape
14.1. Porter's Five Forces Model
14.2. Company Profiles
14.2.1. A123 Systems LLC
14.2.2. BYD Company Limited
14.2.3. C&D Technologies Inc.
14.2.4. Clarios
14.2.5. Contemporary Amperex Technology Corporation Limited
14.2.6. GS Yuasa International Limited
14.2.7. Hitachi Chemical Corporation Limited
14.2.8. LG Chem Limited
14.2.9. Panasonic Corporation
14.2.10. Saft Group SA
14.2.11. Samsung Corporation Limited
14.2.12. Sony Corporation
14.2.13. Toshiba Corporation
14.3. Company Overviews
14.3.1. Akasol
14.3.2. Altairnano
14.3.3. Bosch
14.3.4. Continental AG
14.3.5. Duracell
14.3.6. Energizer
14.3.7. Enersys
14.3.8. Leoch International Technology Limited
14.3.9. Nexeon
14.3.10. Phinergy
14.3.11. Targray
14.3.12. Varta Storage
15. Strategic Recommendations16. Disclaimer
List of Figures
Figure 1: Global Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Battery Market Share By Type (2016, 2021 & 2027F)
Figure 3: Global Battery Market Share By Application (2016, 2021 & 2027F)
Figure 4: Global Lead acid Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 5: Global Lithium Ion Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 6: Global Nickel Metal Hydride Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 7: Global Nickel Cadmium Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: North America Battery Market Size By Value 2016 to 2027F(In USD Billion)
Figure 9: North America Battery Market Share By Type (2016, 2021 & 2027F)
Figure 10: North America Battery Market Share By Application (2016, 2021 & 2027F)
Figure 11: Europe Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 12: Europe Battery Market Share By Type (2016, 2021 & 2027F)
Figure 13: Europe Battery Market Share By Application (2016, 2021 & 2027F)
Figure 14: Asia-Pacific Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 15: Asia-Pacific Battery Market Share By Type (2016, 2021 & 2027F)
Figure 16: Asia-Pacific Battery Market Share By Application (2016, 2021 & 2027F)
Figure 17: South America Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 18: South America Battery Market Share By Type (2016, 2021 & 2027F)
Figure 19: South America Battery Market Share By Application (2016, 2021 & 2027F)
Figure 20: Middle East & Africa Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 21: Middle East & Africa Battery Market Share By Type (2016, 2021 & 2027F)
Figure 22: Middle East & Africa Battery Market Share By Application (2016, 2021 & 2027F)
List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Battery Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Battery Market Share By Country (2016, 2021 & 2027F)
Table 6: Global Battery Market Share By Company (2021)
Table 7: Global Battery Share By Technology (2016, 2021 & 2027F)
Table 8: North America Battery Market Share By Country (2016, 2021 & 2027F)
Table 9: North America Battery Share By Technology (2016, 2021 & 2027F)
Table 10: Europe Battery Market Share By Country (2016, 2021 & 2027F)
Table 11: Europe Battery Share By Technology (2016, 2021 & 2027F)
Table 12: Asia-Pacific Battery Market Share By Country (2016, 2021 & 2027F)
Table 13: Asia-Pacific Battery Share By Technology (2016, 2021 & 2027F)
Table 14: South America Battery Market Share By Country (2016, 2021 & 2027F)
Table 15: South America Battery Share By Technology (2016, 2021 & 2027F)
Table 16: Middle East & Africa Battery Market Share By Country (2016, 2021 & 2027F)
Table 17: Middle East & Africa Battery Share By Technology (2016, 2021 & 2027F)
Table 18: List Of Battery Manufactures Classified On Battery Technology
Table 19: Key Facts of A123 System LLC
Table 20: Key Facts of BYD Company Limited
Table 21: Key Facts of C&D Technologies Inc.
Table 22: Key Facts of Clarios
Table 23: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 24: Key Facts of GS Yuasa International Limited
Table 25: Key Facts of Hitachi Chemical Corporation Limited
Table 26: Key Facts of LG Chem Limited
Table 27: Key Facts of Panasonic Corporation
Table 28: Key Facts of Saft Group SA
Table 29: Key Facts of Samsung Corporation Limited
Table 30: Key Facts of Sony Corporation
Table 31: Key Facts of Toshiba Corporation