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Global Battery Market Outlook, 2026

February 2021 | 215 pages | ID: G92DCC4E7342EN
Bonafide Research & Marketing Pvt. Ltd.

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Emerging in the early 1990s, the lithium ion battery segment to become a fastest growing and most promising battery chemical in the global market.- Bonafide Research.

Based on the battery technology, the lithium-ion battery segment is expected to cross a market of USD 60 Billion by the end of the forecasted period, recording the highest CAGR. The market-leading segment of lead-acid batteries is expected to report the lowest CAGR of 5.98% through the forecasted period. With the demand in the global transportation market increasing, the market for batteries is also projected to grow. Superior performance and durability of lead-acid and other batteries are gaining demand in the automotive sector. Also, the rising use of mobile phones along with other consumer electronic devices demands an external portable battery that is gaining traction from various consumers which will stroke the growth of the battery market. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation. High demand for portable electronics and wearable devices is boosting the growth of the lead-acid battery segment. The demand-supply mismatch of raw materials is the hindrance to the market growth. On the other hand, major factors driving the market include declining prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics.

The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26, according to the report 'Global Battery Market Outlook, 2026' published by Bonafide Research New markets that further boost battery growth is the electric bicycle and storage systems for renewable energy, from which homeowners, businesses, and developing nations are benefiting. Large grid storage batteries collect surplus energy during high activity and bridge the gap when the input is low or when user demand is heavy. Strict emission norms by the government authorities of developed countries, such as the United States and the United Kingdom, coupled with growing attention towards fuel efficiency, are to drive battery demand. The Middle East & Africa and Asia Pacific region together are expected to account for a market share of over 50% by the end of the forecasted period. The Sub-Saharan and rural south Asian regions, in particular, are expected to be one of the central hotspots for off-grid solar initiatives. The market comprises a network of players, including major global players as well as localized regional players. Most of these companies are headquartered in China, making it the highest contributing country, with 12.69% in 2020.

The rise in disposable income and increasing use for smartphones among the population across the globe is excelling the demand for the battery used in smart phones. The increased focus of the governments towards reducing greenhouse gas emissions, the rise in the number of power outages, and the availability of manufacturers who provide lithium iron phosphate batteries at comparatively lower prices, are major factors that will drive battery market growth. The major applications in the battery market are automotive and consumer electronics, with lead-acid batteries extensively used in vehicles. Moreover, increasing concerns towards sustaining fossil fuel reserves and increasing prices of petrol and diesel is leading to a change in the automotive industry, moving towards electric vehicles, which is stroking the battery market. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. The automotive sector recorded at a market of USD 37.65 Billion in 2015 is expected to be the major application segment for the battery market in the near future. The share of portable battery applications is expected to decline further to a share of 32.54% by the end of the year 2026. Decreasing fossil fuel reserves, along with promising government initiatives and high CO2 emissions, are expected to propel market growth in the next few years. Key non-rechargeable batteries are extensively used in children’s toys, light beacons, remote controls, watches, and electronic keys. These are expected to observe a loss of stake to rechargeable batteries on account of efficiency and enhanced lifespan.

Key players in the global battery market Johnson Controls, Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe SA, Delphi Automotive LLP, LG Chem, and Panasonic Corporation among others. Manufacturers are constantly improving lithium-ion with new enhanced chemical combinations to increase the battery aging life. Increasing demand for wearable devices can boost the battery market performance. They are now considering replacing lithium-ion batteries with ions and electrolytes such as zinc, aluminum, magnesium, and sodium. These batteries will be cheaper and potentially safer, which will help companies to propel in the battery market. Energizer recently launched a smartphone with a whopping 16,000mAh battery, influencing other manufacturers in the market. In 2017, A company named Pisen developed a laser pointer power bank. This laser power bank battery is so efficient that with one charge it can work for an entire year. The battery capacity is very powerful that it has been chosen by millions of customers all over the world. Firefly, a power bank is combined with the power to charge other devices, water-resistant along with LED and great-sounding wireless music, is an innovative development in the battery market. This innovation is gaining a lot of traction from the population more engaged in outdoor activities such as camping.
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. NORTH AMERICA 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. US Battery Market Outlook
  4.3.1. Market Size by Value
  4.3.2. Market Share
4.4. Mexico Battery Market Outlook
  4.4.1. Market Size by Value
  4.4.2. Market Share
4.5. Canada Battery Market Outlook
  4.5.1. Market Size by Value
  4.5.2. Market Share

5. EUROPE BATTERY MARKET OUTLOOK

5.1. Market Size by Value
5.2. Market Share
  5.2.1. By Battery Type
  5.2.2. By Battery Technology
  5.2.3. By Application
  5.2.4. By Country
5.3. Germany Battery Market Outlook
  5.3.1. Market Size by Value
  5.3.2. Market Share
5.4. UK Battery Market Outlook
  5.4.1. Market Size by Value
  5.4.2. Market Share
5.5. France Battery Market Outlook
  5.5.1. Market Size by Value
  5.5.2. Market Share
5.6. Italy Battery Market Outlook
  5.6.1. Market Size by Value
  5.6.2. Market Share
5.7. Spain Battery Market Outlook
  5.7.1. Market Size by Value
  5.7.2. Market Share
5.8. Russia Battery Market Outlook
  5.8.1. Market Size by Value
  5.8.2. Market Share

6. ASIA PACIFIC BATTERY MARKET OUTLOOK

6.1. Market Size by Value
6.2. Market Share
  6.2.1. By Battery Type
  6.2.2. By Battery Technology
  6.2.3. By Application
  6.2.4. By Country
6.3. China Battery Market Outlook
  6.3.1. Market Size by Value
  6.3.2. Market Share
6.4. Japan Battery Market Outlook
  6.4.1. Market Size by Value
  6.4.2. Market Share
6.5. Australia Battery Market Outlook
  6.5.1. Market Size by Value
  6.5.2. Market Share
6.6. India Battery Market Outlook
  6.6.1. Market Size by Value
  6.6.2. Market Share

7. LATIN AMERICA BATTERY MARKET OUTLOOK

7.1. Market Size by Value
7.2. Market Share
  7.2.1. By Battery Type
  7.2.2. By Battery Technology
  7.2.3. By Application
  7.2.4. By Country
7.3. Brazil Battery Market Outlook
  7.3.1. Market Size by Value
  7.3.2. Market Share
7.4. Argentina Battery Market Outlook
  7.4.1. Market Size by Value
  7.4.2. Market Share
7.5. Colombia Battery Market Outlook
  7.5.1. Market Size by Value
  7.5.2. Market Share

8. MIDDLE EAST & AFRICA BATTERY MARKET OUTLOOK

8.1. Market Size by Value
8.2. Market Share
  8.2.1. By Battery Type
  8.2.2. By Battery Technology
  8.2.3. By Application
  8.2.4. By Country
8.3. UAE Battery Market Outlook
  8.3.1. Market Size by Value
  8.3.2. Market Share
8.4. Saudi Arabia Battery Market Outlook
  8.4.1. Market Size by Value
  8.4.2. Market Share
8.5. Qatar Battery Market Outlook
  8.5.1. Market Size by Value
  8.5.2. Market Share
8.6. South Africa Battery Market Outlook
  8.6.1. Market Size by Value
  8.6.2. Market Share

9 HISTORY AND MANUFACTURING PROCESS

9.1 Lead Acid Battery
9.2 Lithium Ion Battery
9.3 Nickel Cadmium Battery
9.4 Nickel Metal Hydride Battery

10 MARKET DYNAMICS

10.1 Key Drivers
10.2 Key Challenges

11 MARKET TRENDS AND DEVELOPMENTS

11.1 XXXXXXXXXXXX
11.2 XXXXXXXXXXXX
11.3 XXXXXXXXXXXX

12 COMPETITIVE LANDSCAPE

12.1 Porter's Five Forces Model
12.2 Company Profiles
  12.2.1 A123 Systems LLC
  12.2.2 BYD Company Limited
  12.2.3 C&D Technologies Inc.
  12.2.4 Clarios
  12.2.5 Contemporary Amperex Technology Corporation Limited
  12.2.6 GS Yuasa International Limited
  12.2.7 Hitachi Chemical Corporation Limited
  12.2.8 LG Chem Limited
  12.2.9 Panasonic Corporation
  12.2.10 Saft Group SA
  12.2.11 Samsung Corporation Limited
  12.2.12 Sony Corporation
  12.2.13 Toshiba Corporation
12.3 Company Overviews
  12.3.1 Akasol
  12.3.2 Altairnano
  12.3.3 AMBRI
  12.3.4 American Battery Solution Inc
  12.3.5 Aquion Energy
  12.3.6 ARTS Energy
  12.3.7 ATLASBX Corporative Limited
  12.3.8 Automotive Energy Supply Corporation
  12.3.9 Autox Limited
  12.3.10 Battery Streak
  12.3.11 Bosch
  12.3.12 BroadBit
  12.3.13 Continental AG
  12.3.14 Coslight India
  12.3.15 Crown Battery Manufacturing Company
  12.3.16 Duracell
  12.3.17 E4V
  12.3.18 Electrovaya
  12.3.19 Energizer
  12.3.20 Enersys
  12.3.21 Eveready Industries
  12.3.22 Grepow
  12.3.23 Johnson Controls
  12.3.24 Leoch International Technology Limited
  12.3.25 Middle East Battery Company
  12.3.26 Nexeon
  12.3.27 Northvolt
  12.3.28 OptimumNano Energy
  12.3.29 Oxis Energy
  12.3.30 Phinergy
  12.3.31 Primearth EV Energy
  12.3.32 Solid Power
  12.3.33 StoreDot
  12.3.34 Targray
  12.3.35 Varta Storage
  12.3.36 Zhongyin Battery Corporative Limited

13 STRATEGIC RECOMMENDATIONS

14 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: North America Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 9: US Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 10: Mexico Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 11: Canada Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 12: Europe Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 13: Germany Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 14: UK Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 15: France Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 16: Italy Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 17: Spain Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 18: Russia Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 19: Asia Pacific Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 20: China Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 21: Japan Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 22: Australia Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 23: India Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 24: Latin America Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 25: Brazil Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 26: Argentina Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 27: Colombia Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 28: Middle East & Africa Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 29: UAE Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 30: Saudi Arabia Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 31: Qatar Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 32: South Africa 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: North America Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 7: North America Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 8: North America Battery Market Share by Application (2015, 2020 & 2026F)
Table 9: North America Battery Market Share by Country (2015, 2020 & 2026F)
Table 10: US Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 11: US Battery Market Share by Application (2015, 2020 & 2026F)
Table 12: Mexico Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 13: Mexico Battery Market Share by Application (2015, 2020 & 2026F)
Table 14: Canada Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 15: Canada Battery Market Share by Application (2015, 2020 & 2026F)
Table 16: Europe Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 17: Europe Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 18: Europe Battery Market Share by Application (2015, 2020 & 2026F)
Table 19: Europe Battery Market Share by Country (2015, 2020 & 2026F
Table 20: Germany Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 21: Germany Battery Market Share by Application (2015, 2020 & 2026F)
Table 22: UK Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 23: UK Battery Market Share by Application (2015, 2020 & 2026F)
Table 24: France Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 25: France Battery Market Share by Application (2015, 2020 & 2026F)
Table 26: Italy Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 27: Italy Battery Market Share by Application (2015, 2020 & 2026F)
Table 28: Spain Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 29: Spain Battery Market Share by Application (2015, 2020 & 2026F)
Table 30: Russia Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 31: Russia Battery Market Share by Application (2015, 2020 & 2026F)
Table 32: Asia Pacific Battery Market Share by Battery Type (2015-2026F)
Table 33: Asia Pacific Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 34: Asia Pacific Battery Market Share by Application (2015, 2020 & 2026F)
Table 35: Asia Pacific Battery Market Share by Country (2015, 2020 & 2026F
Table 36: China Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 37: China Battery Market Share by Application (2015, 2020 & 2026F)
Table 38: Japan Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 39: Japan Battery Market Share by Application (2015, 2020 & 2026F)
Table 40: Australia Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 41: Australia Battery Market Share by Application (2015, 2020 & 2026F)
Table 42: India Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 43: India Battery Market Share by Application (2015, 2020 & 2026F)
Table 44: Latin America Battery Market Share by Battery Type (2015 to 2026F)
Table 45: Latin America Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 46: Latin America Battery Market Share by Application (2015, 2020 & 2026F)
Table 47: Latin America Battery Market Share by Country (2015, 2020 & 2026F)
Table 48: Brazil Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 49: Brazil Battery Market Share by Application (2015, 2020 & 2026F)
Table 50: Argentina Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 51: Argentina Battery Market Share by Application (2015, 2020 & 2026F)
Table 52: Colombia Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 53: Colombia Battery Market Share by Application (2015, 2020 & 2026F)
Table 54: Middle East & Africa Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 55: Middle East & Africa Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 56: Middle East & Africa Battery Market Share by Application (2015, 2020 & 2026F)
Table 57: Middle East & Africa Battery Market Share by Country (2015, 2020 & 2026F)
Table 58: UAE Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 59: UAE Battery Market Share by Application (2015, 2020 & 2026F)
Table 60: Saudi Arabia Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 61: Saudi Arabia Battery Market Share by Application (2015, 2020 & 2026F)
Table 62: Qatar Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 63: Qatar Battery Market Share by Application (2015, 2020 & 2026F)
Table 64: South Africa Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 65: South Africa Battery Market Share by Application (2015, 2020 & 2026F)
Table 66: List Of Battery Manufactures Classified On Battery Technology
Table 67: Key Facts of A123 System LLC
Table 68: Key Facts of BYD Company Limited
Table 69: Key Facts of C&D Technologies Inc.
Table 70: Key Facts of Clarios
Table 71: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 72: Key Facts of GS Yuasa International Limited
Table 73: Key Facts of Hitachi Chemical Corporation Limited
Table 74: Key Facts of LG Chem Limited
Table 75: Key Facts of Panasonic Corporation
Table 76: Key Facts of Saft Group SA
Table 77: Key Facts of Samsung Corporation Limited
Table 78: Key Facts of Sony Corporation
Table 79: Key Facts of Toshiba Corporation


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