Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028
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
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. 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
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)
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)