Global Battery Technology Market (2021-2026) by Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

The Global Battery Technology Market is estimated to be USD 118.96 Bn in 2021 and is expected to reach USD 214.37 Bn by 2026, growing at a CAGR of 12. 5%.

Market Dynamics

Currently, battery-operated devices are found in everything from watches to automobiles. The massive mitigation from fossil to electric has increased the demand for batteries. The rapid increase in industrialization in emerging countries and the rising transportation, power, and electronic applications have increased market revenue. Furthermore, the increasing electricity demand is escalating the market growth. However, the availability of alternate technologies and government restrictions on using some battery development substances are hindering market growth.
The key market players are engaged in vertical integration, leveraging scale and automated manufacturing to build high-performance, quality, and cost-efficient batteries.

Market Segmentation

The Global Battery Technology Market is segmented further based on Type, Application, and Geography.

By Type, the market is classified into Lead Acid Battery, Lithium-Ion Battery, Nickel-Metal Hydride, and Others. Amongst all, the Lithium-Ion Battery segment is estimated to hold the highest market share during the forecast period.

By Application, the market is classified as Commercial & Residental, Consumer Electronics, Industrial, Medical, Power & Utilities, and Transportation. Amongst all, the Consumer Electronics segment is estimated to hold the highest market share during the forecast period.

By Geography, North America is projected to lead the market.

Recent Developments

1. Saft, launched the Flex’ionTM Gen2 battery for data centers- 19th November 2020
2. Contemporary Amperex Technology Co., Ltd. (CATL) launched the company’s first-generation sodium-ion battery. - 29th July 2021

Company Profiles

Some of the companies covered in this report are Contemporary Amperex Technology, Customcells, Delphi Automotive, EnerSys, East Penn Manufacturing, General Electronics Battery, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Battery Technology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market