Battery Technology Market by Lithium-ion Type (Lithium Cobalt Oxide, Li-Iron Phosphate), Lead-Acid Type (Flooded, Valve Regulated), Nickel Metal Hydride, Flow, Metal-Air, Nickel-Cadmium & Solid State Battery), Vertical, Region - Global Forecast to 2027
The global battery technology market size is expected to grow from USD 95.7 billion in 2022 to USD 136.6 billion by 2027, at a CAGR of 7.4%. The key factors driving the growth of the battery technology market are surging demand for batteries from renewable energy industry and utility sector and rising development in smart electronic devices.
“Automotive segment to exhibit highest CAGR during the forecast period”
The automotive segment is expected to record the highest CAGR in the battery technology market. The growing environmental concerns and awareness about clean and sustainable fuel are fueling the adoption of EVs, resulting in high demand for battery technology. Lithium-ion batteries are the most suitable energy storage devices for powering electric vehicles due to their high energy density and long life.
“Asia Pacific is expected to capture the largest market growth rate during the forecast period”
The countries in Asia Pacific are moving toward green energy and therefore are focusing on developing an ecosystem to manufacture batteries in respective countries. The region has become an attractive automotive market, emerging as a hub for automobile production in recent years. Recent infrastructure developments and industrialization activities in emerging countries have opened new avenues and opportunities for OEMs. The increasing purchasing power of the population has stimulated the demand for consumer electronics and automobiles, thereby generating demand for batteries.
Major players operating in the battery technology market include LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corporation (Japan), and Contemporary Amperex Technology Co., Ltd. (China), among others.
Research Coverage:
The research report on the global battery technology market covers the market based on control technology, technology type, vertical, and region. Based on control technology, the market has been segmented into battery chargers, battery conditioners, and smart battery systems. Based on technology type, the market has been segmented into lead-acid batteries, lithium-ion batteries, nickel-metal hydride batteries, and others. Based on vertical, the market has been segmented into aerospace, automotive, commercial, consumer electronics, healthcare, industrial, marine, power and utility, residential, transportation, and others. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
“Automotive segment to exhibit highest CAGR during the forecast period”
The automotive segment is expected to record the highest CAGR in the battery technology market. The growing environmental concerns and awareness about clean and sustainable fuel are fueling the adoption of EVs, resulting in high demand for battery technology. Lithium-ion batteries are the most suitable energy storage devices for powering electric vehicles due to their high energy density and long life.
“Asia Pacific is expected to capture the largest market growth rate during the forecast period”
The countries in Asia Pacific are moving toward green energy and therefore are focusing on developing an ecosystem to manufacture batteries in respective countries. The region has become an attractive automotive market, emerging as a hub for automobile production in recent years. Recent infrastructure developments and industrialization activities in emerging countries have opened new avenues and opportunities for OEMs. The increasing purchasing power of the population has stimulated the demand for consumer electronics and automobiles, thereby generating demand for batteries.
Major players operating in the battery technology market include LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corporation (Japan), and Contemporary Amperex Technology Co., Ltd. (China), among others.
Research Coverage:
The research report on the global battery technology market covers the market based on control technology, technology type, vertical, and region. Based on control technology, the market has been segmented into battery chargers, battery conditioners, and smart battery systems. Based on technology type, the market has been segmented into lead-acid batteries, lithium-ion batteries, nickel-metal hydride batteries, and others. Based on vertical, the market has been segmented into aerospace, automotive, commercial, consumer electronics, healthcare, industrial, marine, power and utility, residential, transportation, and others. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
- This report segments the battery technology market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different control technology, technology type, vertical, and region.
- The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY TECHNOLOGY MARKET: SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 BATTERY TECHNOLOGY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/SERVICES RELATED TO LITHIUM-ION BATTERIES
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size using bottom-up analysis
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size using top-down analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 BATTERY TECHNOLOGY MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS AND RISK ASSESSMENT
TABLE 1 LIMITATIONS AND RISKS
3 EXECUTIVE SUMMARY
FIGURE 7 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR, BY TECHNOLOGY TYPE, IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
FIGURE 8 TRANSPORTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE, BY VERTICAL, IN 2022
FIGURE 9 ASIA PACIFIC BATTERY TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN BATTERY TECHNOLOGY MARKET
FIGURE 10 EXPANDING ASIA PACIFIC CONSUMER ELECTRONICS MARKET
4.2 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
FIGURE 11 LEAD-ACID BATTERY SEGMENT TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET IN 2022
4.3 BATTERY TECHNOLOGY MARKET, BY TYPE
FIGURE 12 SOLID-STATE BATTERY SEGMENT TO REGISTER HIGHEST CAGR IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
4.4 BATTERY TECHNOLOGY MARKET, BY VERTICAL
FIGURE 13 TRANSPORTATION SEGMENT TO DOMINATE BATTERY TECHNOLOGY MARKET IN 2022
4.5 BATTERY TECHNOLOGY MARKET, BY REGION
FIGURE 14 ASIA PACIFIC TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET BY 2027
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 BATTERY TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing demand for electric and hybrid electric vehicles
FIGURE 16 GLOBAL ELECTRIC CAR SALES IN NET ZERO SCENARIO, 2020–2030
5.2.1.2 Growing adoption of battery technology in renewable energy industry
5.2.1.3 Rising demand for battery-operated material-handling equipment and automation in various industries
5.2.1.4 Increasing installation of batteries in utility sector
5.2.1.5 Increasing advancements in smart electronic devices
FIGURE 17 BATTERY TECHNOLOGY MARKET: DRIVERS AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 Rising concern regarding storage and transportation of spent batteries
FIGURE 18 BATTERY TECHNOLOGY MARKET: RESTRAINTS AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Rising requirement for advanced batteries in data centers
5.2.3.2 Developments in wearable devices
5.2.3.3 Increasing research and development for advancements in batteries
FIGURE 19 BATTERY TECHNOLOGY MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 High cost of battery-operated industrial vehicles
FIGURE 20 BATTERY TECHNOLOGY MARKET: CHALLENGES AND THEIR IMPACTS
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 BATTERY TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 22 BATTERY TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
TABLE 2 BATTERY TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
FIGURE 23 AVERAGE BATTERY PACK PRICE (USD/KWH), 2011–2021
FIGURE 24 BATTERY TECHNOLOGY: COST BREAKDOWN
FIGURE 25 AVERAGE SELLING PRICE OF BATTERIES OFFERED BY THREE KEY PLAYERS, BY TECHNOLOGY TYPE
TABLE 3 AVERAGE SELLING PRICE OF BATTERIES OFFERED BY THREE KEY PLAYERS, BY TECHNOLOGY TYPE (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO BATTERY TECHNOLOGY MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 MULTI-VALENT BATTERIES
5.7.2 LITHIUM METAL BATTERIES
5.7.3 LITHIUM-SULFUR BATTERIES
5.7.4 SODIUM-SULFUR BATTERIES
5.7.5 COBALT-FREE BATTERIES
5.7.6 METAL-AIR BATTERIES
5.7.7 ZINC-AIR BATTERIES
5.7.8 LIQUID-METAL BATTERIES
5.7.9 POTASSIUM METAL BATTERIES
5.7.10 ZINC-MANGANESE BATTERIES
5.7.11 GOLD NANOWIRE GEL ELECTROLYTE BATTERIES
5.7.12 FUEL CELLS
5.7.12.1 Proton exchange membrane fuel cells
5.7.12.2 Alkaline fuel cells
5.7.12.3 Phosphoric acid fuel cells
5.7.12.4 Solid oxide fuel cells
5.7.12.5 Molten carbonate fuel cells
5.7.12.6 Direct methanol fuel cells
5.7.13 NUCLEAR BATTERIES
5.7.14 ULTRACAPACITORS
5.7.15 ALUMINUM-ION BATTERIES
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 BATTERY TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS (2021)
5.8.1 BARGAINING POWER OF SUPPLIERS
5.8.2 BARGAINING POWER OF BUYERS
5.8.3 THREAT OF NEW ENTRANTS
5.8.4 THREAT OF SUBSTITUTES
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 6 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.10 CASE STUDY ANALYSIS
5.10.1 TESLA PROVIDED 150 MW/300 MWH LITHIUM-ION BATTERY STORAGE FACILITY FOR ENERGY GRID IN AUSTRALIA
5.10.2 NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) COLLABORATED TO LAUNCH GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM
5.10.3 INSTALLATION OF ADVANCED LEAD-ACID BATTERY IN SOLAR PV PLANT
5.10.4 DEVELOPMENT OF VANADIUM FLOW BATTERY BY INVINITY ENERGY SYSTEMS
5.11 TRADE ANALYSIS
FIGURE 29 IMPORT DATA FOR HS CODE 8506, BY KEY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 30 EXPORT DATA FOR HS CODE 8506, BY KEY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2011–2021
TABLE 7 TOP PATENT OWNERS IN LAST 10 YEARS
TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 9 BATTERY TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATION AND STANDARDS
TABLE 14 BATTERY TECHNOLOGY MARKET: REGULATIONS AND STANDARDS
6 BATTERY TECHNOLOGY MARKET, BY CONTROL TECHNOLOGY
6.1 INTRODUCTION
FIGURE 33 BATTERY TECHNOLOGY MARKET, BY CONTROL TECHNOLOGY
6.2 BATTERY CHARGERS
6.3 BATTERY CONDITIONERS
6.4 SMART BATTERY SYSTEMS
7 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
7.1 INTRODUCTION
FIGURE 34 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
FIGURE 35 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
TABLE 15 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 16 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
TABLE 17 OTHERS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 18 OTHERS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
7.2 LITHIUM-ION BATTERY
7.2.1 INCREASING DEPLOYMENT OF LITHIUM-ION BATTERIES IN PORTABLE ELECTRONICS AND ELECTRIC VEHICLES
7.2.2 LITHIUM NICKEL MANGANESE COBALT
7.2.2.1 Growing use of lithium nickel manganese cobalt batteries in electric vehicles
7.2.3 LITHIUM IRON PHOSPHATE
7.2.3.1 Growing adoption of high-power devices
FIGURE 36 PERFORMANCE PARAMETERS OF LFP BATTERIES
7.2.4 LITHIUM COBALT OXIDE
7.2.4.1 Rising adoption of lithium cobalt oxide batteries in consumer electronics
7.2.5 LITHIUM TITANATE OXIDE
7.2.5.1 Increased use of lithium titanate oxide batteries in electric vehicles due to high performance under low temperatures
7.2.6 LITHIUM MANGANESE OXIDE
7.2.6.1 Rising applications of lithium manganese oxide batteries in power tools, medical instruments, and hybrid electric vehicles
7.2.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE
7.2.7.1 Rising adoption of lithium nickel cobalt aluminum oxide batteries in high energy density applications
TABLE 19 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 20 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 21 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
TABLE 22 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2022–2027 (USD MILLION)
TABLE 23 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
TABLE 24 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)
TABLE 25 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 26 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 27 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 28 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 LEAD-ACID BATTERY
7.3.1 GROWING USE OF LEAD-ACID BATTERIES TO PROVIDE UNINTERRUPTED POWER SUPPLY
7.3.2 FLOODED LEAD-ACID BATTERY
7.3.2.1 Increasing use of flooded lead-acid batteries in static applications
7.3.3 VALVE-REGULATED LEAD-ACID BATTERY
7.3.3.1 Rising demand for valve-regulated lead-acid batteries in transportation vertical
TABLE 29 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY CONSTRUCTION METHOD, 2018–2021 (USD MILLION)
TABLE 30 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY CONSTRUCTION METHOD, 2022–2027 (USD MILLION)
TABLE 31 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 32 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 33 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 34 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 35 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 36 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 NICKEL-METAL HYDRIDE
7.4.1 RISING ADOPTION OF NICKEL-METAL HYDRIDE BATTERIES IN AUTOMOTIVE VERTICAL
TABLE 37 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 38 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 39 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 40 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 OTHERS
7.5.1 FLOW BATTERY
7.5.2 METAL-AIR BATTERY
7.5.3 NICKEL-CADMIUM BATTERY
7.5.4 SOLID-STATE BATTERY
TABLE 41 OTHERS: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 42 OTHERS: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 43 OTHERS: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 44 OTHERS: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 45 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 46 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 47 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY MATERIAL, 2018–2021 (USD MILLION)
TABLE 48 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
TABLE 49 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY STORAGE, 2018–2021 (USD MILLION)
TABLE 50 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY STORAGE, 2022–2027 (USD MILLION)
TABLE 51 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 52 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 53 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY BLOCK BATTERY CONSTRUCTION, 2018–2021 (USD MILLION)
TABLE 54 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY BLOCK BATTERY CONSTRUCTION, 2022–2027 (USD MILLION)
TABLE 55 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY METAL, 2018–2021 (USD MILLION)
TABLE 56 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY METAL, 2022–2027 (USD MILLION)
TABLE 57 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
TABLE 58 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)
TABLE 59 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 60 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 61 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 62 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 63 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 64 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 65 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CHARGEABILITY, 2018–2021 (USD MILLION)
TABLE 66 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CHARGEABILITY, 2022–2027 (USD MILLION)
TABLE 67 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
TABLE 68 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2022–2027 (USD MILLION)
8 BATTERY TECHNOLOGY MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 37 BATTERY TECHNOLOGY MARKET, BY VERTICAL
FIGURE 38 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 69 BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 70 BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
8.2 AEROSPACE
8.2.1 RISING DEMAND FOR BACKUP POWER SUPPLIES AND EMERGENCY LIGHTING SYSTEMS
TABLE 71 AEROSPACE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 72 AEROSPACE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.3 AUTOMOTIVE
8.3.1 INCREASING DEMAND FOR ELECTRIC VEHICLES
TABLE 73 AUTOMOTIVE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 74 AUTOMOTIVE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.4 COMMERCIAL
8.4.1 RISE IN ENERGY CONSUMPTION IN COMMERCIAL SECTOR
TABLE 75 COMMERCIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 76 COMMERCIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.5 CONSUMER ELECTRONICS
8.5.1 GROWING ADOPTION OF LITHIUM-ION BATTERIES IN VARIOUS PORTABLE ELECTRONICS
TABLE 77 CONSUMER ELECTRONICS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 78 CONSUMER ELECTRONICS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.6 HEALTHCARE
8.6.1 GROWING ADOPTION OF LI-ION AND NI-CD BATTERIES IN VARIOUS MEDICAL EQUIPMENT
TABLE 79 HEALTHCARE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 80 HEALTHCARE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.7 INDUSTRIAL
8.7.1 SURGING DEMAND FOR BACKUP POWER SOLUTIONS IN INDUSTRIAL SECTOR
TABLE 81 INDUSTRIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 82 INDUSTRIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.8 MARINE
8.8.1 RISING ADOPTION OF WORKBOATS, FERRIES, OFFSHORE SUPPORT, CRUISE, AND CARGO SHIPS
TABLE 83 MARINE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 84 MARINE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.9 POWER & UTILITY
8.9.1 GROWING USE OF RENEWABLE ENERGY
TABLE 85 POWER & UTILITY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 86 POWER & UTILITY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.10 RESIDENTIAL
8.10.1 INCREASING ADOPTION OF BATTERIES AS EMERGENCY POWER SOURCES BY HOMEOWNERS
TABLE 87 RESIDENTIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 88 RESIDENTIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.11 TRANSPORTATION
8.11.1 GROWING DEMAND FOR EFFICIENT AND COST-EFFECTIVE TRANSPORTATION
TABLE 89 TRANSPORTATION: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 90 TRANSPORTATION: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.12 OTHERS
TABLE 91 OTHER VERTICALS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 92 OTHER VERTICALS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
9 BATTERY TECHNOLOGY MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 39 BATTERY TECHNOLOGY MARKET, BY REGION
FIGURE 40 REGIONAL SNAPSHOT OF BATTERY TECHNOLOGY MARKET, 2022–2027
TABLE 93 BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 94 BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 41 NORTH AMERICA: BATTERY TECHNOLOGY MARKET SNAPSHOT
FIGURE 42 US TO DOMINATE NORTH AMERICAN BATTERY TECHNOLOGY MARKET IN 2022
TABLE 95 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 96 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
9.2.1 US
9.2.1.1 Rising adoption of batteries in automotive, transportation, and power & utility verticals
9.2.2 CANADA
9.2.2.1 Increasing investments in automotive vertical
9.2.3 MEXICO
9.2.3.1 Availability of low-cost labor, electricity, and necessary infrastructure
9.3 EUROPE
FIGURE 43 EUROPE: BATTERY TECHNOLOGY MARKET SNAPSHOT
FIGURE 44 GERMANY TO DOMINATE EUROPEAN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 97 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 98 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
9.3.1 UK
9.3.1.1 Rising demand for electric vehicles
9.3.2 GERMANY
9.3.2.1 Rising demand for battery technology from electric vehicle (EV) manufacturers
9.3.3 FRANCE
9.3.3.1 Rising adoption of renewable energy sources
9.3.4 REST OF EUROPE
9.4 ASIA PACIFIC
FIGURE 45 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET SNAPSHOT
FIGURE 46 INDIA TO REGISTER HIGHEST CAGR IN ASIA PACIFIC BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 99 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 100 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
9.4.1 CHINA
9.4.1.1 Rising demand for batteries in various applications
9.4.2 JAPAN
9.4.2.1 Large presence of battery giants
9.4.3 INDIA
9.4.3.1 Expanding consumer electronics and automotive markets
9.4.4 REST OF ASIA PACIFIC
9.5 ROW
FIGURE 47 SOUTH AMERICA TO DOMINATE ROW BATTERY TECHNOLOGY MARKET IN 2022
TABLE 101 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 102 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
9.5.1 SOUTH AMERICA
9.5.1.1 Rising adoption of batteries in electric vehicles
9.5.2 MIDDLE EAST & AFRICA
9.5.2.1 Growing adoption of renewable energy sources
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
TABLE 103 KEY DEVELOPMENTS IN BATTERY TECHNOLOGY MARKET (2019–2022)
10.2 REVENUE ANALYSIS OF TOP COMPANIES
FIGURE 48 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS (2021)
10.3 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
TABLE 104 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION
10.4 COMPANY EVALUATION QUADRANT, 2021
10.4.1 STARS
10.4.2 EMERGING LEADERS
10.4.3 PERVASIVE PLAYERS
10.4.4 PARTICIPANTS
FIGURE 49 LITHIUM-ION BATTERY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
10.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
10.5.1 PROGRESSIVE COMPANIES
10.5.2 RESPONSIVE COMPANIES
10.5.3 DYNAMIC COMPANIES
10.5.4 STARTING BLOCKS
FIGURE 50 LITHIUM-ION BATTERY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
10.6 LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT
TABLE 105 COMPANY PRODUCT FOOTPRINT
TABLE 106 COMPANY VERTICAL FOOTPRINT
TABLE 107 COMPANY REGIONAL FOOTPRINT
TABLE 108 COMPANY FOOTPRINT
10.7 COMPETITIVE BENCHMARKING
TABLE 109 LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 110 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
10.8 COMPETITIVE SCENARIOS AND TRENDS
10.8.1 PRODUCT LAUNCHES
TABLE 111 BATTERY TECHNOLOGY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019–JUNE 2022
10.8.2 DEALS
TABLE 112 BATTERY TECHNOLOGY MARKET: DEALS, MAY 2019–JUNE 2022
10.8.3 OTHERS
TABLE 113 BATTERY TECHNOLOGY MARKET: OTHERS, SEPTEMBER 2020–MAY 2022
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
11.1 KEY PLAYERS
11.1.1 BAK POWER BATTERY CO., LTD.
TABLE 114 BAK POWER BATTERY CO., LTD.: COMPANY OVERVIEW
TABLE 115 BAK POWER BATTERY CO., LTD.: PRODUCT OFFERINGS
11.1.2 BYD COMPANY LTD.
TABLE 116 BYD COMPANY LTD.: COMPANY OVERVIEW
FIGURE 51 BYD COMPANY LTD.: COMPANY SNAPSHOT
TABLE 117 BYD COMPANY LTD.: PRODUCT OFFERINGS
11.1.3 CHAOWEI POWER HOLDINGS LIMITED
TABLE 118 CHAOWEI POWER HOLDINGS LIMITED: COMPANY OVERVIEW
FIGURE 52 CHAOWEI POWER HOLDINGS LIMITED: COMPANY SNAPSHOT
TABLE 119 CHAOWEI POWER HOLDINGS LIMITED: PRODUCT OFFERINGS
11.1.4 CLARIOS
TABLE 120 CLARIOS: COMPANY OVERVIEW
TABLE 121 CLARIOS: PRODUCT OFFERINGS
11.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.
TABLE 122 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
FIGURE 53 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 123 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: PRODUCT OFFERINGS
11.1.6 ENERSYS
TABLE 124 ENERSYS: COMPANY OVERVIEW
FIGURE 54 ENERSYS: COMPANY SNAPSHOT
TABLE 125 ENERSYS: PRODUCT OFFERINGS
11.1.7 GS YUASA INTERNATIONAL LTD.
TABLE 126 GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW
FIGURE 55 GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
TABLE 127 GS YUASA INTERNATIONAL LTD.: PRODUCT OFFERINGS
11.1.8 HITACHI LTD.
TABLE 128 HITACHI LTD.: COMPANY OVERVIEW
FIGURE 56 HITACHI LTD.: COMPANY SNAPSHOT
TABLE 129 HITACHI LTD.: PRODUCT OFFERINGS
11.1.9 LG CHEM
TABLE 130 LG CHEM: COMPANY OVERVIEW
FIGURE 57 LG CHEM: COMPANY SNAPSHOT
TABLE 131 LG CHEM: PRODUCT OFFERINGS
11.1.10 PANASONIC HOLDINGS CORPORATION
TABLE 132 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
FIGURE 58 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 133 PANASONIC HOLDINGS CORPORATION: PRODUCT OFFERINGS
11.1.11 POWER SONIC CORPORATION
TABLE 134 POWER SONIC CORPORATION: COMPANY OVERVIEW
TABLE 135 POWER SONIC CORPORATION.: PRODUCT OFFERINGS
11.1.12 SAMSUNG SDI CO. LTD.
TABLE 136 SAMSUNG SDI CO. LTD.: COMPANY OVERVIEW
FIGURE 59 SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT
TABLE 137 SAMSUNG SDI CO. LTD.: PRODUCT OFFERINGS
11.1.13 TOSHIBA CORPORATION
TABLE 138 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 60 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 139 TOSHIBA CORPORATION: PRODUCT OFFERINGS
11.1.14 TESLA, INC.
TABLE 140 TESLA, INC.: COMPANY OVERVIEW
FIGURE 61 TESLA, INC.: COMPANY SNAPSHOT
TABLE 141 TESLA, INC.: PRODUCT OFFERINGS
11.1.15 HBL POWER SYSTEMS LIMITED
TABLE 142 HBL POWER SYSTEMS LIMITED: COMPANY OVERVIEW
FIGURE 62 HBL POWER SYSTEMS LIMITED: COMPANY SNAPSHOT
TABLE 143 HBL POWER SYSTEMS LIMITED: PRODUCT OFFERINGS
11.2 OTHER PLAYERS
11.2.1 AMPEREX TECHNOLOGY LIMITED
11.2.2 DURACELL
11.2.3 EAST PENN MANUFACTURING
11.2.4 ENERDEL, INC.
11.2.5 ENERGIZER HOLDINGS
11.2.6 EXIDE INDUSTRIES
11.2.7 EXIDE TECHNOLOGIES
11.2.8 LITHIUMWERKS
11.2.9 SAFT
11.2.10 VARTA AG
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
12.4 INTRODUCTION
TABLE 144 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 145 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
12.5 BELOW 100 MWH
12.5.1 GROWING DEMAND FOR BATTERY ENERGY STORAGE SYSTEMS WITH LOW ENERGY CAPACITY IN RESIDENTIAL APPLICATIONS
TABLE 146 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 147 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 148 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 149 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 150 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 151 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
12.6 BETWEEN 100 AND 500 MWH
12.6.1 TO MANAGE HIGH VARIABILITY AND UNCERTAINTY IN POWER SYSTEMS, BATTERIES OF ENERGY CAPACITY BETWEEN 100 AND 500 MWH HAVE INCREASED NEED FOR FREQUENCY CONTROL SERVICES
TABLE 152 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 153 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 154 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 155 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 156 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 157 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
12.7 ABOVE 500 MWH
12.7.1 LARGE-SCALE BATTERY STORAGE SYSTEMS HELP CONTINUITY OF POWER DISTRIBUTION IN LARGE GRIDS
TABLE 158 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 159 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 160 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 161 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 162 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 163 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BATTERY TECHNOLOGY MARKET: SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 BATTERY TECHNOLOGY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 Major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/SERVICES RELATED TO LITHIUM-ION BATTERIES
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size using bottom-up analysis
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size using top-down analysis
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 BATTERY TECHNOLOGY MARKET: DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS AND RISK ASSESSMENT
TABLE 1 LIMITATIONS AND RISKS
3 EXECUTIVE SUMMARY
FIGURE 7 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR, BY TECHNOLOGY TYPE, IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
FIGURE 8 TRANSPORTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE, BY VERTICAL, IN 2022
FIGURE 9 ASIA PACIFIC BATTERY TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN BATTERY TECHNOLOGY MARKET
FIGURE 10 EXPANDING ASIA PACIFIC CONSUMER ELECTRONICS MARKET
4.2 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
FIGURE 11 LEAD-ACID BATTERY SEGMENT TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET IN 2022
4.3 BATTERY TECHNOLOGY MARKET, BY TYPE
FIGURE 12 SOLID-STATE BATTERY SEGMENT TO REGISTER HIGHEST CAGR IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
4.4 BATTERY TECHNOLOGY MARKET, BY VERTICAL
FIGURE 13 TRANSPORTATION SEGMENT TO DOMINATE BATTERY TECHNOLOGY MARKET IN 2022
4.5 BATTERY TECHNOLOGY MARKET, BY REGION
FIGURE 14 ASIA PACIFIC TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET BY 2027
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 15 BATTERY TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing demand for electric and hybrid electric vehicles
FIGURE 16 GLOBAL ELECTRIC CAR SALES IN NET ZERO SCENARIO, 2020–2030
5.2.1.2 Growing adoption of battery technology in renewable energy industry
5.2.1.3 Rising demand for battery-operated material-handling equipment and automation in various industries
5.2.1.4 Increasing installation of batteries in utility sector
5.2.1.5 Increasing advancements in smart electronic devices
FIGURE 17 BATTERY TECHNOLOGY MARKET: DRIVERS AND THEIR IMPACT
5.2.2 RESTRAINTS
5.2.2.1 Rising concern regarding storage and transportation of spent batteries
FIGURE 18 BATTERY TECHNOLOGY MARKET: RESTRAINTS AND THEIR IMPACT
5.2.3 OPPORTUNITIES
5.2.3.1 Rising requirement for advanced batteries in data centers
5.2.3.2 Developments in wearable devices
5.2.3.3 Increasing research and development for advancements in batteries
FIGURE 19 BATTERY TECHNOLOGY MARKET: OPPORTUNITIES AND THEIR IMPACT
5.2.4 CHALLENGES
5.2.4.1 High cost of battery-operated industrial vehicles
FIGURE 20 BATTERY TECHNOLOGY MARKET: CHALLENGES AND THEIR IMPACTS
5.3 VALUE CHAIN ANALYSIS
FIGURE 21 BATTERY TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 22 BATTERY TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
TABLE 2 BATTERY TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
5.5 PRICING ANALYSIS
FIGURE 23 AVERAGE BATTERY PACK PRICE (USD/KWH), 2011–2021
FIGURE 24 BATTERY TECHNOLOGY: COST BREAKDOWN
FIGURE 25 AVERAGE SELLING PRICE OF BATTERIES OFFERED BY THREE KEY PLAYERS, BY TECHNOLOGY TYPE
TABLE 3 AVERAGE SELLING PRICE OF BATTERIES OFFERED BY THREE KEY PLAYERS, BY TECHNOLOGY TYPE (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO BATTERY TECHNOLOGY MARKET
5.7 TECHNOLOGY ANALYSIS
5.7.1 MULTI-VALENT BATTERIES
5.7.2 LITHIUM METAL BATTERIES
5.7.3 LITHIUM-SULFUR BATTERIES
5.7.4 SODIUM-SULFUR BATTERIES
5.7.5 COBALT-FREE BATTERIES
5.7.6 METAL-AIR BATTERIES
5.7.7 ZINC-AIR BATTERIES
5.7.8 LIQUID-METAL BATTERIES
5.7.9 POTASSIUM METAL BATTERIES
5.7.10 ZINC-MANGANESE BATTERIES
5.7.11 GOLD NANOWIRE GEL ELECTROLYTE BATTERIES
5.7.12 FUEL CELLS
5.7.12.1 Proton exchange membrane fuel cells
5.7.12.2 Alkaline fuel cells
5.7.12.3 Phosphoric acid fuel cells
5.7.12.4 Solid oxide fuel cells
5.7.12.5 Molten carbonate fuel cells
5.7.12.6 Direct methanol fuel cells
5.7.13 NUCLEAR BATTERIES
5.7.14 ULTRACAPACITORS
5.7.15 ALUMINUM-ION BATTERIES
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 4 BATTERY TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS (2021)
5.8.1 BARGAINING POWER OF SUPPLIERS
5.8.2 BARGAINING POWER OF BUYERS
5.8.3 THREAT OF NEW ENTRANTS
5.8.4 THREAT OF SUBSTITUTES
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
5.9.2 BUYING CRITERIA
FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
TABLE 6 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
5.10 CASE STUDY ANALYSIS
5.10.1 TESLA PROVIDED 150 MW/300 MWH LITHIUM-ION BATTERY STORAGE FACILITY FOR ENERGY GRID IN AUSTRALIA
5.10.2 NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) COLLABORATED TO LAUNCH GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM
5.10.3 INSTALLATION OF ADVANCED LEAD-ACID BATTERY IN SOLAR PV PLANT
5.10.4 DEVELOPMENT OF VANADIUM FLOW BATTERY BY INVINITY ENERGY SYSTEMS
5.11 TRADE ANALYSIS
FIGURE 29 IMPORT DATA FOR HS CODE 8506, BY KEY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 30 EXPORT DATA FOR HS CODE 8506, BY KEY COUNTRY, 2017–2021 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING LAST 10 YEARS
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2011–2021
TABLE 7 TOP PATENT OWNERS IN LAST 10 YEARS
TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS
5.13 KEY CONFERENCES AND EVENTS, 2022–2023
TABLE 9 BATTERY TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 TARIFF AND REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATION AND STANDARDS
TABLE 14 BATTERY TECHNOLOGY MARKET: REGULATIONS AND STANDARDS
6 BATTERY TECHNOLOGY MARKET, BY CONTROL TECHNOLOGY
6.1 INTRODUCTION
FIGURE 33 BATTERY TECHNOLOGY MARKET, BY CONTROL TECHNOLOGY
6.2 BATTERY CHARGERS
6.3 BATTERY CONDITIONERS
6.4 SMART BATTERY SYSTEMS
7 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
7.1 INTRODUCTION
FIGURE 34 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
FIGURE 35 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
TABLE 15 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 16 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
TABLE 17 OTHERS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 18 OTHERS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
7.2 LITHIUM-ION BATTERY
7.2.1 INCREASING DEPLOYMENT OF LITHIUM-ION BATTERIES IN PORTABLE ELECTRONICS AND ELECTRIC VEHICLES
7.2.2 LITHIUM NICKEL MANGANESE COBALT
7.2.2.1 Growing use of lithium nickel manganese cobalt batteries in electric vehicles
7.2.3 LITHIUM IRON PHOSPHATE
7.2.3.1 Growing adoption of high-power devices
FIGURE 36 PERFORMANCE PARAMETERS OF LFP BATTERIES
7.2.4 LITHIUM COBALT OXIDE
7.2.4.1 Rising adoption of lithium cobalt oxide batteries in consumer electronics
7.2.5 LITHIUM TITANATE OXIDE
7.2.5.1 Increased use of lithium titanate oxide batteries in electric vehicles due to high performance under low temperatures
7.2.6 LITHIUM MANGANESE OXIDE
7.2.6.1 Rising applications of lithium manganese oxide batteries in power tools, medical instruments, and hybrid electric vehicles
7.2.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE
7.2.7.1 Rising adoption of lithium nickel cobalt aluminum oxide batteries in high energy density applications
TABLE 19 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 20 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 21 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
TABLE 22 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2022–2027 (USD MILLION)
TABLE 23 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
TABLE 24 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)
TABLE 25 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 26 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 27 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 28 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
7.3 LEAD-ACID BATTERY
7.3.1 GROWING USE OF LEAD-ACID BATTERIES TO PROVIDE UNINTERRUPTED POWER SUPPLY
7.3.2 FLOODED LEAD-ACID BATTERY
7.3.2.1 Increasing use of flooded lead-acid batteries in static applications
7.3.3 VALVE-REGULATED LEAD-ACID BATTERY
7.3.3.1 Rising demand for valve-regulated lead-acid batteries in transportation vertical
TABLE 29 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY CONSTRUCTION METHOD, 2018–2021 (USD MILLION)
TABLE 30 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY CONSTRUCTION METHOD, 2022–2027 (USD MILLION)
TABLE 31 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
TABLE 32 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
TABLE 33 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 34 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 35 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 36 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
7.4 NICKEL-METAL HYDRIDE
7.4.1 RISING ADOPTION OF NICKEL-METAL HYDRIDE BATTERIES IN AUTOMOTIVE VERTICAL
TABLE 37 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 38 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 39 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 40 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
7.5 OTHERS
7.5.1 FLOW BATTERY
7.5.2 METAL-AIR BATTERY
7.5.3 NICKEL-CADMIUM BATTERY
7.5.4 SOLID-STATE BATTERY
TABLE 41 OTHERS: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 42 OTHERS: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
TABLE 43 OTHERS: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 44 OTHERS: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
TABLE 45 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 46 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 47 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY MATERIAL, 2018–2021 (USD MILLION)
TABLE 48 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
TABLE 49 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY STORAGE, 2018–2021 (USD MILLION)
TABLE 50 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY STORAGE, 2022–2027 (USD MILLION)
TABLE 51 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 52 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 53 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY BLOCK BATTERY CONSTRUCTION, 2018–2021 (USD MILLION)
TABLE 54 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY BLOCK BATTERY CONSTRUCTION, 2022–2027 (USD MILLION)
TABLE 55 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY METAL, 2018–2021 (USD MILLION)
TABLE 56 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY METAL, 2022–2027 (USD MILLION)
TABLE 57 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
TABLE 58 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)
TABLE 59 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 60 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 61 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
TABLE 62 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
TABLE 63 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
TABLE 64 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
TABLE 65 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CHARGEABILITY, 2018–2021 (USD MILLION)
TABLE 66 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CHARGEABILITY, 2022–2027 (USD MILLION)
TABLE 67 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
TABLE 68 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2022–2027 (USD MILLION)
8 BATTERY TECHNOLOGY MARKET, BY VERTICAL
8.1 INTRODUCTION
FIGURE 37 BATTERY TECHNOLOGY MARKET, BY VERTICAL
FIGURE 38 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 69 BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
TABLE 70 BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
8.2 AEROSPACE
8.2.1 RISING DEMAND FOR BACKUP POWER SUPPLIES AND EMERGENCY LIGHTING SYSTEMS
TABLE 71 AEROSPACE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 72 AEROSPACE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.3 AUTOMOTIVE
8.3.1 INCREASING DEMAND FOR ELECTRIC VEHICLES
TABLE 73 AUTOMOTIVE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 74 AUTOMOTIVE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.4 COMMERCIAL
8.4.1 RISE IN ENERGY CONSUMPTION IN COMMERCIAL SECTOR
TABLE 75 COMMERCIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 76 COMMERCIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.5 CONSUMER ELECTRONICS
8.5.1 GROWING ADOPTION OF LITHIUM-ION BATTERIES IN VARIOUS PORTABLE ELECTRONICS
TABLE 77 CONSUMER ELECTRONICS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 78 CONSUMER ELECTRONICS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.6 HEALTHCARE
8.6.1 GROWING ADOPTION OF LI-ION AND NI-CD BATTERIES IN VARIOUS MEDICAL EQUIPMENT
TABLE 79 HEALTHCARE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 80 HEALTHCARE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.7 INDUSTRIAL
8.7.1 SURGING DEMAND FOR BACKUP POWER SOLUTIONS IN INDUSTRIAL SECTOR
TABLE 81 INDUSTRIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 82 INDUSTRIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.8 MARINE
8.8.1 RISING ADOPTION OF WORKBOATS, FERRIES, OFFSHORE SUPPORT, CRUISE, AND CARGO SHIPS
TABLE 83 MARINE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 84 MARINE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.9 POWER & UTILITY
8.9.1 GROWING USE OF RENEWABLE ENERGY
TABLE 85 POWER & UTILITY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 86 POWER & UTILITY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.10 RESIDENTIAL
8.10.1 INCREASING ADOPTION OF BATTERIES AS EMERGENCY POWER SOURCES BY HOMEOWNERS
TABLE 87 RESIDENTIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 88 RESIDENTIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.11 TRANSPORTATION
8.11.1 GROWING DEMAND FOR EFFICIENT AND COST-EFFECTIVE TRANSPORTATION
TABLE 89 TRANSPORTATION: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 90 TRANSPORTATION: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
8.12 OTHERS
TABLE 91 OTHER VERTICALS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
TABLE 92 OTHER VERTICALS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
9 BATTERY TECHNOLOGY MARKET, BY REGION
9.1 INTRODUCTION
FIGURE 39 BATTERY TECHNOLOGY MARKET, BY REGION
FIGURE 40 REGIONAL SNAPSHOT OF BATTERY TECHNOLOGY MARKET, 2022–2027
TABLE 93 BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 94 BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
9.2 NORTH AMERICA
FIGURE 41 NORTH AMERICA: BATTERY TECHNOLOGY MARKET SNAPSHOT
FIGURE 42 US TO DOMINATE NORTH AMERICAN BATTERY TECHNOLOGY MARKET IN 2022
TABLE 95 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 96 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
9.2.1 US
9.2.1.1 Rising adoption of batteries in automotive, transportation, and power & utility verticals
9.2.2 CANADA
9.2.2.1 Increasing investments in automotive vertical
9.2.3 MEXICO
9.2.3.1 Availability of low-cost labor, electricity, and necessary infrastructure
9.3 EUROPE
FIGURE 43 EUROPE: BATTERY TECHNOLOGY MARKET SNAPSHOT
FIGURE 44 GERMANY TO DOMINATE EUROPEAN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 97 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 98 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
9.3.1 UK
9.3.1.1 Rising demand for electric vehicles
9.3.2 GERMANY
9.3.2.1 Rising demand for battery technology from electric vehicle (EV) manufacturers
9.3.3 FRANCE
9.3.3.1 Rising adoption of renewable energy sources
9.3.4 REST OF EUROPE
9.4 ASIA PACIFIC
FIGURE 45 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET SNAPSHOT
FIGURE 46 INDIA TO REGISTER HIGHEST CAGR IN ASIA PACIFIC BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
TABLE 99 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 100 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
9.4.1 CHINA
9.4.1.1 Rising demand for batteries in various applications
9.4.2 JAPAN
9.4.2.1 Large presence of battery giants
9.4.3 INDIA
9.4.3.1 Expanding consumer electronics and automotive markets
9.4.4 REST OF ASIA PACIFIC
9.5 ROW
FIGURE 47 SOUTH AMERICA TO DOMINATE ROW BATTERY TECHNOLOGY MARKET IN 2022
TABLE 101 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 102 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
9.5.1 SOUTH AMERICA
9.5.1.1 Rising adoption of batteries in electric vehicles
9.5.2 MIDDLE EAST & AFRICA
9.5.2.1 Growing adoption of renewable energy sources
10 COMPETITIVE LANDSCAPE
10.1 INTRODUCTION
TABLE 103 KEY DEVELOPMENTS IN BATTERY TECHNOLOGY MARKET (2019–2022)
10.2 REVENUE ANALYSIS OF TOP COMPANIES
FIGURE 48 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS (2021)
10.3 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
TABLE 104 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION
10.4 COMPANY EVALUATION QUADRANT, 2021
10.4.1 STARS
10.4.2 EMERGING LEADERS
10.4.3 PERVASIVE PLAYERS
10.4.4 PARTICIPANTS
FIGURE 49 LITHIUM-ION BATTERY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
10.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
10.5.1 PROGRESSIVE COMPANIES
10.5.2 RESPONSIVE COMPANIES
10.5.3 DYNAMIC COMPANIES
10.5.4 STARTING BLOCKS
FIGURE 50 LITHIUM-ION BATTERY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
10.6 LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT
TABLE 105 COMPANY PRODUCT FOOTPRINT
TABLE 106 COMPANY VERTICAL FOOTPRINT
TABLE 107 COMPANY REGIONAL FOOTPRINT
TABLE 108 COMPANY FOOTPRINT
10.7 COMPETITIVE BENCHMARKING
TABLE 109 LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 110 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
10.8 COMPETITIVE SCENARIOS AND TRENDS
10.8.1 PRODUCT LAUNCHES
TABLE 111 BATTERY TECHNOLOGY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019–JUNE 2022
10.8.2 DEALS
TABLE 112 BATTERY TECHNOLOGY MARKET: DEALS, MAY 2019–JUNE 2022
10.8.3 OTHERS
TABLE 113 BATTERY TECHNOLOGY MARKET: OTHERS, SEPTEMBER 2020–MAY 2022
11 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
11.1 KEY PLAYERS
11.1.1 BAK POWER BATTERY CO., LTD.
TABLE 114 BAK POWER BATTERY CO., LTD.: COMPANY OVERVIEW
TABLE 115 BAK POWER BATTERY CO., LTD.: PRODUCT OFFERINGS
11.1.2 BYD COMPANY LTD.
TABLE 116 BYD COMPANY LTD.: COMPANY OVERVIEW
FIGURE 51 BYD COMPANY LTD.: COMPANY SNAPSHOT
TABLE 117 BYD COMPANY LTD.: PRODUCT OFFERINGS
11.1.3 CHAOWEI POWER HOLDINGS LIMITED
TABLE 118 CHAOWEI POWER HOLDINGS LIMITED: COMPANY OVERVIEW
FIGURE 52 CHAOWEI POWER HOLDINGS LIMITED: COMPANY SNAPSHOT
TABLE 119 CHAOWEI POWER HOLDINGS LIMITED: PRODUCT OFFERINGS
11.1.4 CLARIOS
TABLE 120 CLARIOS: COMPANY OVERVIEW
TABLE 121 CLARIOS: PRODUCT OFFERINGS
11.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.
TABLE 122 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
FIGURE 53 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 123 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: PRODUCT OFFERINGS
11.1.6 ENERSYS
TABLE 124 ENERSYS: COMPANY OVERVIEW
FIGURE 54 ENERSYS: COMPANY SNAPSHOT
TABLE 125 ENERSYS: PRODUCT OFFERINGS
11.1.7 GS YUASA INTERNATIONAL LTD.
TABLE 126 GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW
FIGURE 55 GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
TABLE 127 GS YUASA INTERNATIONAL LTD.: PRODUCT OFFERINGS
11.1.8 HITACHI LTD.
TABLE 128 HITACHI LTD.: COMPANY OVERVIEW
FIGURE 56 HITACHI LTD.: COMPANY SNAPSHOT
TABLE 129 HITACHI LTD.: PRODUCT OFFERINGS
11.1.9 LG CHEM
TABLE 130 LG CHEM: COMPANY OVERVIEW
FIGURE 57 LG CHEM: COMPANY SNAPSHOT
TABLE 131 LG CHEM: PRODUCT OFFERINGS
11.1.10 PANASONIC HOLDINGS CORPORATION
TABLE 132 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
FIGURE 58 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 133 PANASONIC HOLDINGS CORPORATION: PRODUCT OFFERINGS
11.1.11 POWER SONIC CORPORATION
TABLE 134 POWER SONIC CORPORATION: COMPANY OVERVIEW
TABLE 135 POWER SONIC CORPORATION.: PRODUCT OFFERINGS
11.1.12 SAMSUNG SDI CO. LTD.
TABLE 136 SAMSUNG SDI CO. LTD.: COMPANY OVERVIEW
FIGURE 59 SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT
TABLE 137 SAMSUNG SDI CO. LTD.: PRODUCT OFFERINGS
11.1.13 TOSHIBA CORPORATION
TABLE 138 TOSHIBA CORPORATION: COMPANY OVERVIEW
FIGURE 60 TOSHIBA CORPORATION: COMPANY SNAPSHOT
TABLE 139 TOSHIBA CORPORATION: PRODUCT OFFERINGS
11.1.14 TESLA, INC.
TABLE 140 TESLA, INC.: COMPANY OVERVIEW
FIGURE 61 TESLA, INC.: COMPANY SNAPSHOT
TABLE 141 TESLA, INC.: PRODUCT OFFERINGS
11.1.15 HBL POWER SYSTEMS LIMITED
TABLE 142 HBL POWER SYSTEMS LIMITED: COMPANY OVERVIEW
FIGURE 62 HBL POWER SYSTEMS LIMITED: COMPANY SNAPSHOT
TABLE 143 HBL POWER SYSTEMS LIMITED: PRODUCT OFFERINGS
11.2 OTHER PLAYERS
11.2.1 AMPEREX TECHNOLOGY LIMITED
11.2.2 DURACELL
11.2.3 EAST PENN MANUFACTURING
11.2.4 ENERDEL, INC.
11.2.5 ENERGIZER HOLDINGS
11.2.6 EXIDE INDUSTRIES
11.2.7 EXIDE TECHNOLOGIES
11.2.8 LITHIUMWERKS
11.2.9 SAFT
11.2.10 VARTA AG
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
12 ADJACENT AND RELATED MARKETS
12.1 INTRODUCTION
12.2 LIMITATIONS
12.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
12.4 INTRODUCTION
TABLE 144 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
TABLE 145 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
12.5 BELOW 100 MWH
12.5.1 GROWING DEMAND FOR BATTERY ENERGY STORAGE SYSTEMS WITH LOW ENERGY CAPACITY IN RESIDENTIAL APPLICATIONS
TABLE 146 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 147 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 148 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 149 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 150 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 151 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
12.6 BETWEEN 100 AND 500 MWH
12.6.1 TO MANAGE HIGH VARIABILITY AND UNCERTAINTY IN POWER SYSTEMS, BATTERIES OF ENERGY CAPACITY BETWEEN 100 AND 500 MWH HAVE INCREASED NEED FOR FREQUENCY CONTROL SERVICES
TABLE 152 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 153 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 154 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 155 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 156 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 157 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
12.7 ABOVE 500 MWH
12.7.1 LARGE-SCALE BATTERY STORAGE SYSTEMS HELP CONTINUITY OF POWER DISTRIBUTION IN LARGE GRIDS
TABLE 158 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
TABLE 159 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
TABLE 160 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
TABLE 161 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
TABLE 162 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
TABLE 163 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
13 APPENDIX
13.1 INSIGHTS OF INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
