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Asia Pacific Battery Market Outlook, 2026

February 2021 | 110 pages | ID: A2F69F26E58BEN
Bonafide Research & Marketing Pvt. Ltd.

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With huge population of India and China, Asia leads the global battery market. -Bonafide Research.

The recent publication of Bonafide Research, titled 'Asia Pacific Battery Market Outlook, 2026', recorded the region at a market share of 41.94% in the year 2020. Increasing population, urbanization, declining cost of electronic items, the introduction of new smart technology, and cheaper internet data, drives China and India market. China being the top contributor globally, contributes to 12.69% in 2020 showing a declining trend since a decade. The penetration of telecommunication services added with the frequent replacement of digital gadgets has impacted the battery market largely. Growing aircraft and automobile manufacturing in the developing nations of the region is expected to provide enormous potential for market growth. The multiple growing economies with substantial natural as well as human resources added with China and India expected to be major investment hotspots for battery companies in coming years, on account of policy-level support, from the governments, encouraging the manufacturing sector.

Australia being the world’s largest producer of lithium and with mineral reserves that cover almost 90% of the elements that are required in Lithium-ion battery production, Australia provides an enormous opportunity for players engaged in the entire value chain. Lithium ion battery segment is expected to witness an increasing adoption backed by the technical benefits added with the decline in the price of the battery. This have been able to capture a significant market as a huge fraction of the population is still living without access to electricity and depends on the conventional fuels. However, the lead battery segment, accounting to USD 23.29 Billion in 2020, dominates the market. The increasing popularity of the lithium-ion battery is expected to allow the segment to grow with a CAGR of over 14% through the forecasted period.

Several government measures such as the promotion of fuel-saving initiatives and clean automobile technologies etc across the region are anticipated to propel the demand for batteries. Factors such as the emergence of new and exciting markets, i.e., electric vehicle and battery energy storage systems, for different applications are expected to be the major drivers for the market. Asia Pacific region is anticipated to show a growth of over 9.5% through the forecasted period, with automotive batteries being the fastest growing segment. The segment owes its growth to the increasing demand for the electric vehicles in the region. India is among the top five emitters of CO2 in the world. To mitigate the problem of air pollution, the government has taken the initiative to implement policies favourable to increase the EV fleet count on road. Automotive production in countries like Thailand, Indonesia, and Malaysia witnessed decent growth. Automotive battery segment is expected to be the leading end-user for lithium-ion batteries in upcoming years. The industrial segment is to remain the least contributing sector with a market share of 18.24% by the end of the year 2026. The policy support enables market growth by appealing consumers, reducing risks for investors, and encouraging manufacturers to develop on a large scale.

Some of the key players in this market are Contemporary Amperex Technology Co. Limited, BYD Co. Ltd, Duracell Inc., Panasonic Corporation, LG Chem Ltd, and Sony Corporation among others. The regional players include ATLASBX Corporative Limited, Automotive Energy Supply Corporation, Duracell, Eveready Industries, Grepow, Leoch International Technology Limited, OptimumNano Energy, Primearth EV Energy & Zhongyin Battery Corporative Limited.
1. EXECUTIVE SUMMARY

2. REPORT METHODOLOGY

3. GLOBAL BATTERY MARKET OUTLOOK

3.1. Market Size by Value
3.2. Market Share
  3.2.1. By Battery Type
  3.2.2. By Battery Technology
  3.2.3. By Application
  3.2.4. By Region
  3.2.5. By Country
  3.2.6. By Company
3.3. Global Lead Acid Battery Market Outlook
3.4. Global Lithium Ion Battery Market Outlook
3.5. Global Nickel Metal Hydride Battery Outlook
3.6. Global Nickel Cadmium Battery Outlook

4. ASIA PACIFIC BATTERY MARKET OUTLOOK

4.1. Market Size by Value
4.2. Market Share
  4.2.1. By Battery Type
  4.2.2. By Battery Technology
  4.2.3. By Application
  4.2.4. By Country
4.3. China Battery Market Outlook
  4.3.1. Market Size by Value
  4.3.2. Market Share
4.4. Japan Battery Market Outlook
  4.4.1. Market Size by Value
  4.4.2. Market Share
4.5. Australia Battery Market Outlook
  4.5.1. Market Size by Value
  4.5.2. Market Share
4.6. India Battery Market Outlook
  4.6.1. Market Size by Value
  4.6.2. Market Share

5 HISTORY AND MANUFACTURING PROCESS

5.1 Lead Acid Battery
5.2 Lithium ion Battery
5.3 Nickel Cadmium Battery
5.4 Nickel Metal Hydride Battery

6 MARKET DYNAMICS

6.1 Key Drivers
6.2 Key Challenges

7 MARKET TRENDS AND DEVELOPMENTS

7.1 XXXXXXXXXXXX
7.2 XXXXXXXXXXXX
7.3 XXXXXXXXXXXX
7.4 XXXXXXXXXXXX

8 COMPETITIVE LANDSCAPE

8.1 Porter's Five Forces Model
8.2 Company Profiles
  8.2.1 A123 Systems LLC
  8.2.2 BYD Company Limited
  8.2.3 C&D Technologies Inc.
  8.2.4 Clarios
  8.2.5 Contemporary Amperex Technology Corporation Limited
  8.2.6 GS Yuasa International Limited
  8.2.7 Hitachi Chemical Corporation Limited
  8.2.8 LG Chem Limited
  8.2.9 Panasonic Corporation
  8.2.10 Saft Group SA
  8.2.11 Samsung Corporation Limited
  8.2.12 Sony Corporation
  8.2.13 Toshiba Corporation
8.3 Company Overviews
  8.3.1 ATLASBX Corporative Limited
  8.3.2 Automotive Energy Supply Corporation
  8.3.3 Duracell
  8.3.4 Eveready Industries
  8.3.5 Grepow
  8.3.6 Leoch International Technology Limited
  8.3.7 OptimumNano Energy
  8.3.8 Primearth EV Energy
  8.3.9 Zhongyin Battery Corporative Limited

9 STRATEGIC RECOMMENDATIONS

10 DISCLAIMER
LIST OF FIGURES

Figure 1: Regional Overview of Global Battery Market Market
Figure 2: Global Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 3: Global Battery Market Share By Company (2019)
Figure 4: Global Lead Acid Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 5: Global Lithium Ion Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 6: Global Nickel Metal Hydride Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 7: Global Nickel Cadmium Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 8: Asia Pacific Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 9: China Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 10: Japan Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 11: Australia Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 12: India Battery Market Size – By Value 2015 to 2026F (In USD Billion)

LIST OF TABLES

Table 1: Global Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 2: Global Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 3: Global Battery Market Share by Application (2015, 2020 & 2026F)
Table 4: Global Battery Market Share by Region (2015, 2020 & 2026F)
Table 5: Global Battery Market Share by Country (2015, 2020 & 2026F
Table 6: Asia Pacific Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 7: Asia Pacific Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 8: Asia Pacific Battery Market Share by Application (2015, 2020 & 2026F)
Table 9: Asia Pacific Battery Market Share by Country (2015, 2020 & 2026F
Table 10: China Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 11: China Battery Market Share by Application (2015, 2020 & 2026F)
Table 12: Japan Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 13: Japan Battery Market Share by Application (2015, 2020 & 2026F)
Table 14: Australia Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 15: Australia Battery Market Share by Application (2015, 2020 & 2026F)
Table 16: India Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 17: India Battery Market Share by Application (2015, 2020 & 2026F)
Table 18: Key Facts of A123 System LLC
Table 19: Key Facts of BYD Company Limited
Table 20: Key Facts of C&D Technologies Inc.
Table 21: Key Facts of Clarios
Table 22: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 23: Key Facts of GS Yuasa International Limited
Table 24: Key Facts of Hitachi Chemical Corporation Limited
Table 25: Key Facts of LG Chem Limited
Table 26: Key Facts of Panasonic Corporation
Table 27: Key Facts of Saft Group SA
Table 28: Key Facts of Samsung Corporation Limited
Table 29: Key Facts of Sony Corporation
Table 30: Key Facts of Toshiba Corporation


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