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Latin America Battery Market Outlook, 2026

February 2021 | 102 pages | ID: LBB19D073352EN
Bonafide Research & Marketing Pvt. Ltd.

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With a share of 5.28%, Latin America remained least contributor in global battery market since last decade. - Bonafide Research

Over the past few years, electric vehicles have witnessed considerable growth in Latin America due to the need for addressing future energy requirements. This is seen as a reason for the incline in the battery market of Latin America. However positive the growth seems to be; Latin America held the least share in the global market, with a share of 5.28% in the year 2015. The report title 'Latin America Battery Market Outlook, 2026' published by Bonafide Research gives a complete insight on the battery market of the region. The Latin America battery market is moderately competitive with major players, like C&D Technologies offering its solutions and services for switchgear & control, telecommunications, and UPS applications. The company operates in the US, Argentina, Chile, Brazil, Russia, Singapore, Colombia, Thailand, Hong Kong, and China. The increasing growth in data centers and economic development in countries like Brazil and Argentina for commercial infrastructure is expected to create immense opportunities for the Latin America battery market.

By the end of the forecasted period, the market scenario is expected to remain the same, with the secondary battery segment, is to reach a value of USD 8.11 Billion, while the primary battery segment is expected to grow with an anticipated CAGR of over 9%. In Brazil, the major supplier countries for primary batteries include - China, the United States, and Germany. The import value of primary batteries in Brazil is much higher than the export, which signifies the high dependency on imports to meet the requirements of primary batteries.

The battery demand in Brazil is bolstered by the fact of lack of electricity is anticipated to register a growth rate of about 9% during the period 2021-26, remaining comparatively lowest among the leading countries. However, Brazil is expected to dominate the market, owing to the demand for consumer goods and increasing investment in the country. Chile's government is making efforts to promote and invite countries across the globe to mine these vast resources, to serve the increasing demand for lithium-ion based batteries. In 2019, Chile imported 14 times the exported value of primary lithium-ion batteries. Hence, overall, the country faces a trade deficit, and the trade balance can be achieved by increasing the domestic production of lithium-ion batteries.

Automobiles are the largest end-users of lead-acid batteries, as these batteries perform the start-stop function in vehicles. The automotive application segment was valued at USD 1.55 Billion in the year 2015. On average, each automobile manufactured contains approximately 12 kilograms of lead. Around 96% lead is used in the common lead-acid battery, while the remaining 4% in other applications including wheel balance weights, protective coatings, and vibration dampers. Unlike the global trend, the region is expected to show a dominance of the portable battery segment in the last decade.

The huge lithium reserves present in the region are likely to act as an opportunity to increase domestic production. As of 2019, Bolivia, Argentina, and Chile have around 21, 17, and 9 million tonnes of lithium reserve, respectively. This is expected to allow the segment to reach a market of USD 3.67 Billion by the end of the year 2026. The lead-acid battery segment is expected to dominate the market in both developed and emerging economies of the region, with a declining market share. The reason behind the expected growth is mainly due to the low cost of lead-acid batteries, renewable targets, and the adoption of automated guided vehicles in industrial spaces.
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. LATIN 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. Brazil Battery Market Outlook
  4.3.1. Market Size by Value
  4.3.2. Market Share
4.4. Argentina Battery Market Outlook
  4.4.1. Market Size by Value
  4.4.2. Market Share
4.5. Colombia Battery Market Outlook
  4.5.1. Market Size by Value
  4.5.2. Market Share

5 HISTORY AND MANUFACTURING PROCESS

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

6 MARKET DYNAMICS

6.1 Key Drivers
6.2 Key Challenges

7 MARKET TRENDS AND DEVELOPMENTS

7.1 XXXXXXXXXXXX
7.2 XXXXXXXXXXXX
7.3 XXXXXXXXXXXX

8 COMPETITIVE LANDSCAPE

8.1 Porter's Five Forces Model
8.2 Company Profiles
  8.2.1 A123 Systems LLC
  8.2.2 BYD Company Limited
  8.2.3 C&D Technologies Inc.
  8.2.4 Clarios
  8.2.5 Contemporary Amperex Technology Corporation Limited
  8.2.6 GS Yuasa International Limited
  8.2.7 Hitachi Chemical Corporation Limited
  8.2.8 LG Chem Limited
  8.2.9 Panasonic Corporation
  8.2.10 Saft Group SA
  8.2.11 Samsung Corporation Limited
  8.2.12 Sony Corporation
  8.2.13 Toshiba Corporation
8.3 Company Overviews
  8.3.1 Phinergy
  8.3.2 StoreDot

9 STRATEGIC RECOMMENDATIONS

10 DISCLAIMER
LIST OF FIGURES

Figure 1: Regional Overview of Global Battery Market Market
Figure 2: Global Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 3: Global Battery Market Share By Company (2019)
Figure 4: Global Lead Acid Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 5: Global Lithium Ion Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 6: Global Nickel Metal Hydride Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 7: Global Nickel Cadmium Battery Market Size – 2015 to 2026F (In USD Billion)
Figure 8: Latin America Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 9: Brazil Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 10: Argentina Battery Market Size – By Value 2015 to 2026F (In USD Billion)
Figure 11: Colombia 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: Latin America Battery Market Share by Battery Type (2015 to 2026F)
Table 7: Latin America Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 8: Latin America Battery Market Share by Application (2015, 2020 & 2026F)
Table 9: Latin America Battery Market Share by Country (2015, 2020 & 2026F)
Table 10: Brazil Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 11: Brazil Battery Market Share by Application (2015, 2020 & 2026F)
Table 12: Argentina Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 13: Argentina Battery Market Share by Application (2015, 2020 & 2026F)
Table 14: Colombia Battery Market Share by Battery Technology (2015, 2020 & 2026F)
Table 15: Colombia Battery Market Share by Application (2015, 2020 & 2026F)
Table 16: Key Facts of A123 System LLC
Table 17: Key Facts of BYD Company Limited
Table 18: Key Facts of C&D Technologies Inc.
Table 19: Key Facts of Clarios
Table 20: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 21: Key Facts of GS Yuasa International Limited
Table 22: Key Facts of Hitachi Chemical Corporation Limited
Table 23: Key Facts of LG Chem Limited
Table 24: Key Facts of Panasonic Corporation
Table 25: Key Facts of Saft Group SA
Table 26: Key Facts of Samsung Corporation Limited
Table 27: Key Facts of Sony Corporation
Table 28: Key Facts of Toshiba Corporation


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