ASIA-PACIFIC BATTERY MARKET 2022-2028

Energy, Power & Utilities | Energy Storage

ASIA-PACIFIC BATTERY MARKET 2022-2028

Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028

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As per a study by Triton Market Research, the battery market in the Asia-Pacific region is expected to propel with a CAGR of 16.65% over the forecasting period 2022-2028.


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The countries studied in the region include:

•         India

•         Japan

•         ASEAN Countries

•         Australia & New Zealand

•         China

•         South Korea

•         Rest of Asia-Pacific

The market in this region is expected to flourish owing to the increasing adoption of electric vehicles in developed and developing countries. For example, China leads in terms of global sales of electric vehicles, and developing economies such as India are transforming their public transportation infrastructure for electric vehicles. Further, the growing renewable sector, increased consumer electronic sales, growth in the number of data centers and rise in popularity of electric vehicles support the growth of the battery market in the region.

In Japan, there have been significant developments by the market players in battery technology and electric vehicles. For instance, Toyota unveiled its first mass-produced battery electric car, “the bZ4X sport utility vehicle (SUV),” with a plan to lease the electric car at an amount equivalent to $39,000 for the first four years. In addition, Nissan announced its second battery electric vehicle model, the Ariya SUV, in 2022. Further, the advancements and R&D of battery chemistries account for significant growth in the country.

In India, the adoption of electric vehicles is expected to grow remarkably with an increase in the demand for clean energy sources. The Government of India plans to achieve 30% electric vehicle adoption targeted for 2030, powered primarily by the electrification of two-wheelers, three-wheelers and commercial vehicles in India. These targets would demand advanced batteries, thereby promoting the market’s growth. Further, the significant developments by the market players, such as an MoU signed by Barrel Industries with Roshan Energy Technologies for developing and manufacturing lithium-ion batteries in India and North America, promote market growth.

A lithium-ion battery is a rechargeable type of battery with no memory effect (other than LFP cells), low self-discharge and a high energy density. There have been significant developments, and the global market players have launched technologically advanced lithium-ion battery products. For instance, Toshiba Corporation expanded its SCiB product with the development and launch of an innovative 20Ah-HP rechargeable lithium-ion battery cell that delivers high power and high energy at the same time. The studied report assesses the market’s growth based on battery type, technology and end-use. Here, the technology segment comprises lead-acid battery, lithium-ion battery, nickel-metal hydride (NiMH) battery, nickel-cadmium (NiCD) battery, nickel-zinc (NiZn) battery, flow battery, sodium-sulfur (NAS) battery, zinc-manganese dioxide battery, small sealed lead-acid battery, and other technologies.     

Leading companies considered in the battery market include Toshiba Corporation, Panasonic Corporation, Crown Battery Manufacturing Company, Eveready Industries, Johnsons Controls Inc, and Trojan Battery Company.          

Founded in 1875, Toshiba Corporation is a Japan based multinational company headquartered in Minato, Tokyo. The company is one of the biggest consumer electronics manufacturers of personal computers, home appliances, and medical equipment. Additionally, as a result of research and development, the company files approximately 7000 patent applications annually in different segments. These form a corporate asset of the company. The company has a strong presence across the regions such as Asia-Pacific, Europe, Middle East and Africa and Latin America.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2022-2028

      Detailed data highlighting key insights, industry components, and market strategies


      Comprehensive information and estimation of the Asia-Pacific market revenue growth in Asia-Pacific and its influence on the parent market


      In-depth study of forthcoming trends in consumer behavioral patterns


      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model


      A wide-ranging study of factors that will challenge the Asia-Pacific battery market’s growth during the upcoming years

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Table of Content

1. ASIA-PACIFIC BATTERY MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE BATTERY MARKET

2.2. KEY INSIGHTS

2.2.1. INCREASING DEMAND FOR ENERGY STORAGE SYSTEMS

2.2.2. EMERGENCE OF AGM BATTERIES

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY MARKET STRATEGIES

2.6.1. PRODUCT LAUNCHES & DEVELOPMENTS

2.6.2. PARTNERSHIPS & AGREEMENTS

2.7. MARKET DRIVERS

2.7.1. RISING POPULARITY OF CONSUMER ELECTRONICS

2.7.2. INCENTIVES FOR MANUFACTURING ELECTRIC VEHICLE BATTERIES

2.7.3. DECLINING BATTERY PRICES

2.7.4. HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS

2.8. MARKET CHALLENGES

2.8.1. SAFETY ISSUES PERTAINING TO BATTERY USAGE

2.8.2. VOLATILITY IN THE PRICES OF RAW MATERIALS

2.8.3. ISSUES PERTAINING TO BATTERY RECYCLING

2.9. MARKET OPPORTUNITIES

2.9.1. INCREASING PENETRATION OF MARINE BATTERIES

2.9.2. GOVERNMENT INCENTIVES FOR CLEANER TRANSPORTATION

3.  ASIA-PACIFIC BATTERY MARKET OUTLOOK - BY BATTERY TYPE

3.1. PRIMARY BATTERY

3.2. SECONDARY BATTERY

4.  ASIA-PACIFIC BATTERY MARKET OUTLOOK - BY TECHNOLOGY

4.1. LEAD-ACID BATTERY

4.2. LITHIUM-ION BATTERY

4.3. NICKEL-METAL HYDRIDE (NIMH) BATTERY

4.4. NICKEL-CADMIUM (NICD) BATTERY

4.5. NICKEL-ZINC (NIZN) BATTERY

4.6. FLOW BATTERY

4.7. SODIUM-SULFUR (NAS) BATTERY

4.8. ZINC-MANGANESE DIOXIDE BATTERY

4.9. SMALL SEALED LEAD-ACID BATTERY

4.10. OTHER TECHNOLOGIES

5.  ASIA-PACIFIC BATTERY MARKET OUTLOOK - BY END-USE

5.1. AUTOMOTIVE BATTERIES

5.2. INDUSTRIAL BATTERIES

5.3. PORTABLE BATTERIES

5.4. POWER TOOLS BATTERIES

5.5. SLI BATTERIES

5.6. OTHER END-USES

6. ASIA-PACIFIC BATTERY MARKET - COUNTRY OUTLOOK

6.1. CHINA

6.2. JAPAN

6.3. INDIA

6.4. SOUTH KOREA

6.5. ASEAN COUNTRIES

6.6. AUSTRALIA & NEW ZEALAND

6.7. REST OF ASIA-PACIFIC

7. COMPETITIVE LANDSCAPE

7.1. JOHNSONS CONTROLS INC

7.2. GS YUASA INTERNATIONAL LTD

7.3. EXIDE TECHNOLOGIES

7.4. LG CHEM LTD

7.5. A123 SYSTEMS LLC

7.6. TOSHIBA CORPORATION

7.7. PANASONIC CORPORATION

7.8. SAMSUNG SDI CO LTD

7.9. SAFT GROUPE SA

7.10. TROJAN BATTERY COMPANY

7.11. BYD COMPANY LTD

7.12. NEC CORPORATION

7.13. EVEREADY INDUSTRIES

7.14. DURACELL

7.15. EAST PENN MANUFACTURING CO

7.16. CROWN BATTERY MANUFACTURING COMPANY

7.17. C&D TECHNOLOGIES INC

7.18. ENERSYS

7.19. MURATA MANUFACTURING CO LTD

7.20. SHENZHEN BAK BATTERY CO LTD

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: ASIA-PACIFIC BATTERY MARKET, BY BATTERY TYPE, 2022-2028 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, 2022-2028 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC BATTERY MARKET, BY END-USE, 2022-2028 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: ASIA-PACIFIC BATTERY MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)

FIGURE 3: ASIA-PACIFIC BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 4: ASIA-PACIFIC BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 5: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)

FIGURE 6: ASIA-PACIFIC BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 7: ASIA-PACIFIC BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC BATTERY MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC BATTERY MARKET, BY END-USE, 2021 & 2028 (IN %)

FIGURE 17: ASIA-PACIFIC BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC BATTERY MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)

FIGURE 24: CHINA BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 25: JAPAN BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 26: INDIA BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 27: SOUTH KOREA BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 28: ASEAN COUNTRIES BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 29: AUSTRALIA & NEW ZEALAND BATTERY MARKET 2022-2028 (IN $ MILLION)

FIGURE 30: REST OF ASIA-PACIFIC BATTERY MARKET 2022-2028 (IN $ MILLION)

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