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Global Battery Market Overview, 2020-26

February 2021 | 123 pages | ID: G78FA36EBF4BEN
Bonafide Research & Marketing Pvt. Ltd.

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In the not-too-distant future, lithium ion batteries will power the electric world. - Bonafide Research

As per the report 'Global Battery Market Overview, 20-2026' published by Bonafide Research, the lithium-ion battery segment is expected to cross a market of USD 60 Billion by the end of the forecasted period. Classified into four segments of lithium-ion, lead-acid, nickel-cadmium & nickel-metal hydride based on the battery technology, the former is to record the highest CAGR. Even though the raw material demand-supply mismatch is a hindrance to the market growth, the market is driven by the fact of increasing electric vehicle adoption and consumer electronics. The understanding of the need for a renewable source of energy has added to the market potential. The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26. Aqueous lithium-ion batteries are less heavy, durable, and they can be manufactured in different shapes hence these batteries have been great interest for military use. LIB batteries are less flammable in nature that makes them engaging for industries that prioritize safety over energy density such as airplanes and submarines. 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.

The major applications in 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. Superior performance and durability of lead-acid and other batteries are gaining demand in the automotive sector. Considering the application of the battery, the market is divided into three categories of automotive, industrial and portable usage. 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. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. High demand for portable electronics, including LCDs, smartphones, tablets, and wearable devices such as fitness bands, is boosting the market growth. The share of portable battery applications is expected to decline further to a share of 32.54% by the end of the year 2026.

Secondary battery types have positioned itself as an unbeatable market dominator globally. The Sub-Saharan and rural south Asian regions, in particular, are expected to be one of the central hotspots for off-grid solar initiatives. As a result, the use of energy storage with solar photovoltaic technology has been gaining popularity in these countries, which is likely to create an enormous opportunity for the battery market. 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. Significant increases in battery energy density will probably require a disruptive technology involving a lithium anode. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation.

New markets that further boost battery growth are 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. 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. 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. Over the development in the battery industry, lithium batteries have become a crucial part of the electric vehicles. The growing demand of electric vehicle are influencing the battery market but the solution to the challenges faced by the industrial designer and manufactures there are the need of the hour. These batteries are of high power and more complex in manufacturing. The battery life of vehicles degrades with time due to several factors such as high temperature and affects the performance of the running vehicles. In order the cool the batteries, adding of coolants while manufacturing is one of the solutions to overcome the challenge and maintain the shelf life of the battery.
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 Size by Value
4.4. Mexico Battery Market Size by Value
4.5. Canada Battery Market Size by Value

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 Size by Value
5.4. UK Battery Market Size by Value
5.5. France Battery Market Size by Value
5.6. Italy Battery Market Size by Value
5.7. Spain Battery Market Size by Value
5.8. Russia Battery Market Size by Value

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 Size by Value
6.4. Japan Battery Market Size by Value
6.5. Australia Battery Market Size by Value
6.6. India Battery Market Size by Value

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 Size by Value
7.4. Argentina Battery Market Size by Value
7.5. Colombia Battery Market Size by Value

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 Size by Value
8.4. Saudi Arabia Battery Market Size by Value
8.5. Qatar Battery Market Size by Value
8.6. South Africa Battery Market Size by Value

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 Company Profiles
  12.1.1 A123 Systems LLC
  12.1.2 BYD Company Limited
  12.1.3 C&D Technologies Inc.
  12.1.4 Clarios
  12.1.5 Contemporary Amperex Technology Corporation Limited
  12.1.6 GS Yuasa International Limited
  12.1.7 Hitachi Chemical Corporation Limited
  12.1.8 LG Chem Limited
  12.1.9 Panasonic Corporation
  12.1.10 Saft Group SA
  12.1.11 Samsung Corporation Limited
  12.1.12 Sony Corporation
  12.1.13 Toshiba Corporation

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: Europe Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 11: Europe Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 12: Europe Battery Market Share by Application (2015, 2020 & 2026F)
Table 13: Europe Battery Market Share by Country (2015, 2020 & 2026F
Table 14: Asia Pacific Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 15: Asia Pacific Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 16: Asia Pacific Battery Market Share by Application (2015, 2020 & 2026F)
Table 17: Asia Pacific Battery Market Share by Country (2015, 2020 & 2026F
Table 18: Latin America Battery Market Share by Battery Type (2015 to 2026F)
Table 19: Latin America Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 20: Latin America Battery Market Share by Application (2015, 2020 & 2026F)
Table 21: Latin America Battery Market Share by Country (2015, 2020 & 2026F
Table 22: Middle East & Africa Battery Market Share by Battery Type (2015, 2020 & 2026F)
Table 23: Middle East & Africa Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 24: Middle East & Africa Battery Market Share by Application (2015, 2020 & 2026F)
Table 25: Middle East & Africa Battery Market Share by Country (2015, 2020 & 2026F
Table 26: List Of Battery Manufactures Classified On Battery Technology
Table 27: Key Facts of A123 System LLC
Table 28: Key Facts of BYD Company Limited
Table 29: Key Facts of C&D Technologies Inc.
Table 30: Key Facts of Clarios
Table 31: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 32: Key Facts of GS Yuasa International Limited
Table 33: Key Facts of Hitachi Chemical Corporation Limited
Table 34: Key Facts of LG Chem Limited
Table 35: Key Facts of Panasonic Corporation
Table 36: Key Facts of Saft Group SA
Table 37: Key Facts of Samsung Corporation Limited
Table 38: Key Facts of Sony Corporation
Table 39: Key Facts of Toshiba Corporation


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