Battery Market

Global Battery Market by Types [Primary Battery and Secondary Battery], Technologies [Lithium-ion Battery, Lead-acid Battery, Nickel-cadmium (NiCD) Battery, Nickel-metal Hydrid (NiMH) Battery, Nickel-zinc (NiZn) Battery, Flow Battery, Sodium-sulfur (NAS) Battery, Zinc-manganese Dioxide Battery, Small Sealed Lead-acid Battery, and Others (Dual Carbon, Zinc-carbon Battery, and Silver-oxide Battery)], Applications [Power Tools Batteries, SLI Batteries, Portable Batteries (Consumer Electronic, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) , Automotive Batteries (HEV, PHEV, and EV)), and Others], and Regions (Europe, Asia Pacific, North America, Middle East & Africa, and South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3194
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 1
  • No. Of Pages: 171
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The global battery market is estimated to register a significant CAGR during the forecast period, 2021-2028. The growth of market is attributed to rapid adoption of electric vehicles across several developed and developing economies of the world.

European countries such as Germany witnessed high growth in EV sales, the primary factors responsible for such event are the massive price reduction in lithium-ion battery which are majorly in the manufacturing process of electric vehicles.

Battery Market Key Takeaways

Another reason for the rising demand is growing popularity of consumer electronics resulting in the extensive usage of lithium-ion batteries as a product type during the projected period. Increasing demand for portable products such as smart phone, LCD, wearable devices, and fitness bands are expected to boost the market during the forecast period.

Although several factors act as an obstacle which includes stringent emission rules by the governing authorities of several developed nations such as United States and United Kingdom, however with the fuel prices keeps on spiking up grabs attention towards fuel efficiency, which is estimated as one of the driving factor for the market.

With the COVID-19 pandemic industries all around the world observed a major downfall, battery industry witness a negative impact on the production and sales due to supply chain concentrated in China. The sale of lithium-ion battery faced a downward fall in the sales of electric vehicles, also the dynamic fluctuation of supply and demand of raw material for battery production are most likely to act as restraining factor the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for electric vehicles worldwide is estimated to drive the market in the coming years.
  • Increasing demand for consumer electronics such as tablets, smart-phone, and wearable is estimated to spike the market during the forecast period.
  • Rising awareness towards fuel efficiency is anticipated to boost the market during the projected period,
  • R&D and technological advancement in term of product innovation, cost, and enhanced efficiency is estimated to spur the market during the projected period.
  • Strict emission related polices framed by the government authorities of some developed nations act as a factor that can hinder the market in the coming years.
  • Mismatch demand and supply of raw material for battery production possess a challenge that can hamper the market expansion during the forecast period.

Scope of the market

The report on global battery market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Battery Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types [Primary Battery and Secondary Battery], Technologies [Lithium-ion Battery, Lead-acid Battery, Nickel-cadmium (NiCD) Battery, Nickel-metal Hydrid (NiMH) Battery, Nickel-zinc (NiZn) Battery, Flow Battery, Sodium-sulfur (NAS) Battery, Zinc-manganese Dioxide Battery, Small Sealed Lead-acid Battery, and Others (Dual Carbon, Zinc-carbon Battery, and Silver-oxide Battery)], Applications [Power Tools Batteries, SLI Batteries, Portable Batteries (Consumer Electronic, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) , Automotive Batteries (HEV, PHEV, and EV)), and Others]

Regional Scope

Europe, Asia Pacific, North America, Middle East and Africa, Latin America.

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Duracell Inc; BYD Co. Ltd; Exide Industries Ltd; Tesla Inc.; Contemporary Amperex Technology Co. Limited

Market Segment Insights

The secondary battery segment is estimated to account for a key share of the market

Based on the types, the market is bifurcated into primary battery and secondary battery. The secondary battery segment is estimated to account for a key share of the market in the coming years owing to high discharge rate performance at heavy loads, ideally suited for load-leveling, high cost military applications, and emergency backup. However, the primary battery segment is estimated to grow at a rapid pace due to size differentiation typically lighter and smaller and more suited for portable applications, easy replacement available owing to produced in bulk, and low initial cost.

The lead-acid battery segment is expected to exhibit high CAGR

On the basis of technologies, the market is fragmented into lithium-ion battery, lead-acid battery, nickel-cadmium (NICD) battery, nickel-metal hydrid (NIMH) battery, nickel-zinc (NIZN) battery, flow battery, sodium-sulfur (NAS) battery, zinc-manganese dioxide battery, small sealed lead-acid battery, and other technologies (dual carbon, zinc-carbon battery, silver-oxide battery)). The lead-acid battery segment is expected to exhibit high CAGR during the forecast period due to application in several industries such as telecommunication, oil & gas, healthcare, uninterrupted power supply (UPS) and more, and are used in critical applications which involves affordable pricing and maximum reliability.

Battery Market By Technology

The automotive batteries segment is anticipated to account for a key share of the market

Based on the applications, the market is categorized into power tools batteries, SLI batteries, portable batteries (consumer electronic, etc, industrial batteries (motive, stationary, telecom, ups, energy storage system (ESS)), automotive batteries (HEV, PHEV, and EV)), and others. The automotive batteries segment is anticipated to account for a key share of the market during the projected period owing to falling battery prices and enhancement in the technology, favorable government policies is an essential part for the market growth reducing risk of investors, encouraging vendors on a large scale.

Asia Pacific is anticipated to dominate the market

In the term of regions, the market is segregated into Europe, Asia Pacific, North America, Middle East & Africa, and Latin America. Asia Pacific is anticipated to dominate the market owing to supportive government authorities and ease restriction, thus encouraging manufacturers. Furthermore China and India is the hot zone for major investment for battery companies, rapid installation of renewable power plants and rapid deployment of electric vehicles creating the regions dominance.

Segments

Segments Covered in the Report
The global battery industry market has been bifurcated on the basis of

Types
  • Primary Battery
  • Secondary Battery
Technologies
  • Lithium-ion Battery
  • Lead-acid Battery
  • Nickel-cadmium (NiCD) Battery
  • Nickel-metal Hydrid (NiMH) Battery
  • Nickel-zinc (NiZn) Battery
  • Flow Battery
  • Sodium-sulfer (NAS) Battery
  • Zinc-manganese Dioxide Battery
  • Small Sealed Lead-acid Battery
  • Others (Dual Carbon, Zinc-carbon Battery, Silver-oxide Battery)
Applications
  • Power Tools Batteries
  • SLI Batteries
  • Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS))
  • Automotive Batteries (HEV, PHEV, and EV)
  • Others
Regions
  • Europe
  • Asia Pacific
  • North America
  • Middle East and Africa
  • Latin America.
Key Players
  • Duracell Inc
  • BYD Co. Ltd
  • Exide Industries Ltd
  • Tesla Inc
  • Contemporary Amperex Technology Co. Limited

Competitive Landscape

Key players competing in the global battery market include Duracell Inc; BYD Co. Ltd; Exide Industries Ltd; Tesla Inc; Contemporary Amperex Technology Co. Limited.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Battery Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Battery Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Battery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Battery Market - Supply Chain
  4.5. Global Battery Market Forecast
     4.5.1. Battery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Battery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Battery Market Absolute $ Opportunity
5. Global Battery Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Battery Market Size and Volume Forecast by Types
     5.3.1. Primary Battery Secondary Battery
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Battery Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Battery Market Size and Volume Forecast by Applications
     6.3.1. Power Tools Batteries SLI Batteries Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) Automotive Batteries (HEV, PHEV, and EV) Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Battery Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Battery Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Battery Demand Share Forecast, 2019-2026
8. North America Battery Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Battery Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Battery Market Size and Volume Forecast by Types
     8.4.1. Primary Battery Secondary Battery
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Battery Market Size and Volume Forecast by Applications
     8.7.1. Power Tools Batteries SLI Batteries Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) Automotive Batteries (HEV, PHEV, and EV) Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Battery Demand Share Forecast, 2019-2026
9. Latin America Battery Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Battery Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Battery Market Size and Volume Forecast by Types
     9.4.1. Primary Battery Secondary Battery
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Battery Market Size and Volume Forecast by Applications
     9.7.1. Power Tools Batteries SLI Batteries Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) Automotive Batteries (HEV, PHEV, and EV) Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Battery Demand Share Forecast, 2019-2026
10. Europe Battery Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Battery Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Battery Market Size and Volume Forecast by Types
     10.4.1. Primary Battery Secondary Battery
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Battery Market Size and Volume Forecast by Applications
     10.7.1. Power Tools Batteries SLI Batteries Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) Automotive Batteries (HEV, PHEV, and EV) Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Battery Demand Share Forecast, 2019-2026
11. Asia Pacific Battery Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Battery Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Battery Market Size and Volume Forecast by Types
     11.4.1. Primary Battery Secondary Battery
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Battery Market Size and Volume Forecast by Applications
     11.7.1. Power Tools Batteries SLI Batteries Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) Automotive Batteries (HEV, PHEV, and EV) Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Battery Demand Share Forecast, 2019-2026
12. Middle East & Africa Battery Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Battery Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Battery Market Size and Volume Forecast by Types
     12.4.1. Primary Battery Secondary Battery
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Battery Market Size and Volume Forecast by Applications
     12.7.1. Power Tools Batteries SLI Batteries Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS)) Automotive Batteries (HEV, PHEV, and EV) Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Battery Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Battery Market: Market Share Analysis
  13.2. Battery Distributors and Customers
  13.3. Battery Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Duracell Inc BYD Co. Ltd Exide Industries Ltd Tesla Inc Contemporary Amperex Technology Co. Limited
Segments Covered in the Report
The global battery industry market has been bifurcated on the basis of

Types
  • Primary Battery
  • Secondary Battery
Technologies
  • Lithium-ion Battery
  • Lead-acid Battery
  • Nickel-cadmium (NiCD) Battery
  • Nickel-metal Hydrid (NiMH) Battery
  • Nickel-zinc (NiZn) Battery
  • Flow Battery
  • Sodium-sulfer (NAS) Battery
  • Zinc-manganese Dioxide Battery
  • Small Sealed Lead-acid Battery
  • Others (Dual Carbon, Zinc-carbon Battery, Silver-oxide Battery)
Applications
  • Power Tools Batteries
  • SLI Batteries
  • Portable Batteries (Consumer Electronic, etc, Industrial Batteries (Motive, Stationary, Telecom, UPS, Energy Storage System (ESS))
  • Automotive Batteries (HEV, PHEV, and EV)
  • Others
Regions
  • Europe
  • Asia Pacific
  • North America
  • Middle East and Africa
  • Latin America.
Key Players
  • Duracell Inc
  • BYD Co. Ltd
  • Exide Industries Ltd
  • Tesla Inc
  • Contemporary Amperex Technology Co. Limited

Key players competing in the global battery market include Duracell Inc; BYD Co. Ltd; Exide Industries Ltd; Tesla Inc; Contemporary Amperex Technology Co. Limited.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Battery Market By Key Players

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