GLOBAL BATTERY MARKET 2019-2027

Energy, Power & Utilities | Energy Storage

GLOBAL BATTERY MARKET 2019-2027

Market By Battery Type, Application And Geography | Forecast 2019-2027

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Triton Market Research predicts that the global battery market would witness a CAGR of 6.91% over the forecast period 2019-2027. The market was assessed to be worth $73071.53 million in the year 2018 and is predicted to generate a revenue of approximately $132474.93 million by the year 2027.

Batteries refer to energy storage technologies that are used to stock energy, which can be later used in the course of blackouts, power shortages or when the demand for power is high. A battery contains one or more electrochemical cells, which converts deposited chemical energy directly into electrical energy. A battery usually comprises a cathode, an electrolyte and an anode. 

Battery Market

Triton Market Research’s report on the global battery market provides an in-depth insight of the market. The detailed analysis of the market includes the key insights, Porter’s five force analysis, market attractiveness index, vendor scorecard, industry components and the regulatory framework. 

The automobile manufacturers are heavily investing in batteries for electric vehicles. Consequently, the upsurge in the sales of electric vehicles is anticipated to push the demand for the battery market. Electric vehicle companies are working towards manufacturing battery cars. For instance, Toyota Motor Corporation is working towards electric cars powered by a solid-state battery. Toyota is aiming to begin sales of solid-battery electric cars by 2022. Moreover, the growing demand for energy storage systems (ESS) is projected to supplement the market over the forecast period. Energy storage systems help in storing energy from renewable sources for later usage. ESS utilize batteries in light of recyclability, high-power delivery and economic nature. Lead-acid batteries are the most commonly used battery types for energy storage systems. Additionally, lack of grid infrastructure, high demand for steady power and the need of power backup solutions are expected to drive the battery market. 

Moreover, rising demand for rechargeable batteries in consumer products and widespread usage in the defence & motive industry applications would provide ample growth opportunities for the market. For instance, batteries are also an essential component of the aircraft electrical system. Lithium-ion batteries are being widely adopted in military applications. 

However, compliance with the battery standards, the negative impact of lead-acid batteries on the environment, development of supercapacitors, fluctuation in raw material prices and easy availability of counterfeit batteries, comprise challenges that hinder the growth of the battery market. There are many alternatives available to batteries, like generators, fuel cells and other energy storage options. These alternatives are used widely, as few of them are at times cheaper as compared to batteries. For instance, it is expected that the supercapacitor would be able to store an extra amount of energy compared to a lithium-ion battery and would be able to release its energy up to 10 times faster than the LI battery. Furthermore, supercapacitors do not rely on metals and other toxic materials; therefore, their disposal is environment-friendly.

Key geographies covered in the global battery market are:

•    North America: United States and Canada 

•    Europe: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe

•    The Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries and Rest of the Asia-Pacific 

•    Latin America: Brazil, Mexico and Rest of Latin America

•    The Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa and Rest of the Middle East & Africa

The segmentation analysis of the battery market includes:

•    Battery Type has been sub-segmented into:

O    Lead-Acid Battery 

O    Lithium-Ion Battery 

O    Nickel-Cadmium Battery

O    Nickel-Metal Hydride Battery 

O    Other Batteries (Alkaline battery, Silver-Oxide, Solid-State, Sodium-Ion, etc.)

•    Application has been sub-segmented into:

O    Automotive 

O    Industrial 

O    Portable

The top companies that have been studied in the global battery market are A123 Systems LLC, C&D Technologies Inc. (acquired by KPS Capital Partner), EnerSys, Duracell International Inc., East Penn Manufacturing Company Inc., LG Chem Ltd., Eveready Industries India Ltd., BYD Company Ltd., Exide Technologies, GS Yuasa Corporation, Hitachi Ltd., Johnson Controls, Crown Battery Manufacturing Company, NEC Corporation, Panasonic Corporation, Saft Groupe S.A., Shenzhen BAK Battery Co. Ltd., Murata Manufacturing Co. Ltd., Samsung SDI Co. Ltd. and Toshiba Corporation.

The strategic analysis for each of these companies in the global battery market has been covered in detail.


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Table of Content

1.    GLOBAL BATTERY MARKET - SUMMARY

2.    INDUSTRY OUTLOOK

2.1. MARKET DEFINITION

2.2. KEY INSIGHTS

2.2.1.   EMERGENCE OF ABSORBENT GLASS MAT (AGM) BATTERIES

2.2.2.   RISE IN ORGANIC & INORGANIC GROWTH STRATEGIES BY COMPANIES

2.2.3.   BATTERY TECHNOLOGY DISRUPTING DEFENCE INDUSTRY

2.2.4.   DEVELOPMENT OF NEXT-GENERATION BATTERIES

2.2.4.1.      PHOTOSYNTHESIS-POWERED BATTERIES

2.2.4.2.      SODIUM-ION BATTERIES

2.2.4.3.      GOLD NANOWIRE BATTERIES

2.2.4.4.      URINE-POWERED BATTERIES

2.2.4.5.      SUPER BATTERY

2.3. PORTER’S FIVE FORCE ANALYSIS

2.3.1.   BARGAINING POWER OF BUYERS

2.3.2.   BARGAINING POWER OF SUPPLIERS

2.3.3.   THREAT OF NEW ENTRANTS

2.3.4.   THREAT OF SUBSTITUTE

2.3.5.   THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. INDUSTRY COMPONENTS

2.7. REGULATORY FRAMEWORK

2.8. MARKET DRIVERS

2.8.1.   INCREASING DEMAND OF ENERGY STORAGE SYSTEMS (ESS)

2.8.2.   RISING NUMBER OF ELECTRIC VEHICLES

2.8.3.   INCREASING TREND TOWARDS ADOPTION OF UPS SYSTEMS AS AN ESSENTIAL POWER BACKUP

2.8.4.   GROWING DEMAND FROM AUTOMOBILES SECTOR

2.9. MARKET RESTRAINTS

2.9.1.   COMPLIANCE WITH THE BATTERY STANDARDS

2.9.2.   LEAD-ACID BATTERIES NEGATIVELY IMPACTING ENVIRONMENT

2.10.            MARKET OPPORTUNITIES

2.10.1.                WIDESPREAD USAGE IN MOTIVE INDUSTRY APPLICATIONS

2.10.2.                RISING DEMAND FOR RECHARGEABLE BATTERIES IN CONSUMER PRODUCTS

2.11.            MARKET CHALLENGES

2.11.1.                DEVELOPMENT OF SUPER CAPACITORS

2.11.2.                FLUCTUATION IN RAW MATERIAL PRICES

2.11.3.                EASY AVAILABILITY OF COUNTERFEIT BATTERIES

3.    GLOBAL BATTERY MARKET OUTLOOK - BY BATTERY TYPE

3.1. LEAD-ACID BATTERY

3.2. LITHIUM-ION BATTERY

3.3. NICKEL METAL HYDRIDE BATTERY

3.4. NICKEL CADMIUM BATTERY

3.5. OTHER BATTERIES

4.    GLOBAL BATTERY MARKET OUTLOOK - BY APPLICATION

4.1. AUTOMOTIVE

4.2. INDUSTRIAL

4.3. PORTABLE

5.    GLOBAL BATTERY MARKET - REGIONAL OUTLOOK

5.1. NORTH AMERICA

5.1.1.   MARKET BY BATTERY TYPE

5.1.2.   MARKET BY APPLICATION

5.1.3.   COUNTRY ANALYSIS

5.1.3.1.      UNITED STATES

5.1.3.2.      CANADA

5.2. EUROPE

5.2.1.   MARKET BY BATTERY TYPE

5.2.2.   MARKET BY APPLICATION

5.2.3.   COUNTRY ANALYSIS

5.2.3.1.      UNITED KINGDOM

5.2.3.2.      GERMANY

5.2.3.3.      FRANCE

5.2.3.4.      SPAIN

5.2.3.5.      ITALY

5.2.3.6.      RUSSIA

5.2.3.7.      REST OF EUROPE

5.3. ASIA-PACIFIC

5.3.1.   MARKET BY BATTERY TYPE

5.3.2.   MARKET BY APPLICATION

5.3.3.   COUNTRY ANALYSIS

5.3.3.1.      CHINA

5.3.3.2.      JAPAN

5.3.3.3.      INDIA

5.3.3.4.      SOUTH KOREA

5.3.3.5.      ASEAN COUNTRIES

5.3.3.6.      AUSTRALIA & NEW ZEALAND

5.3.3.7.      REST OF ASIA-PACIFIC

5.4. LATIN AMERICA

5.4.1.   MARKET BY BATTERY TYPE

5.4.2.   MARKET BY APPLICATION

5.4.3.   COUNTRY ANALYSIS

5.4.3.1.      BRAZIL

5.4.3.2.      MEXICO

5.4.3.3.      REST OF LATIN AMERICA

5.5. MIDDLE EAST AND AFRICA

5.5.1.   MARKET BY BATTERY TYPE

5.5.2.   MARKET BY APPLICATION

5.5.3.   COUNTRY ANALYSIS

5.5.3.1.      UNITED ARAB EMIRATES

5.5.3.2.      TURKEY

5.5.3.3.      SAUDI ARABIA

5.5.3.4.      SOUTH AFRICA

5.5.3.5.      REST OF MIDDLE EAST & AFRICA

6.    COMPETITIVE LANDSCAPE

6.1. A123 SYSTEMS, LLC

6.2. C&D TECHNOLOGIES, INC. (ACQUIRED BY KPS CAPITAL PARTNER)

6.3. ENERSYS

6.4. DURACELL INTERNATIONAL, INC.

6.5. EAST PENN MANUFACTURING COMPANY, INC.

6.6. LG CHEM LTD.

6.7. EVEREADY INDUSTRIES INDIA LTD.

6.8. BYD COMPANY LTD.

6.9. EXIDE TECHNOLOGIES

6.10.            GS YUASA CORPORATION

6.11.            HITACHI LTD.

6.12.            JOHNSON CONTROLS

6.13.            CROWN BATTERY MANUFACTURING COMPANY

6.14.            NEC CORPORATION

6.15.            PANASONIC CORPORATION

6.16.            SAFT GROUPE S.A.

6.17.            SHENZHEN BAK BATTERY CO., LTD.

6.18.            MURATA MANUFACTURING CO., LTD.

6.19.            SAMSUNG SDI CO., LTD.

6.20.            TOSHIBA CORPORATION

7.    RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of table

TABLE 1: GLOBAL BATTERY MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: VENDOR SCORECARD

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: WORLDWIDE SALES OF ELECTRIC VEHICLES IN 2017 (MONTHWISE SALES)

TABLE 5: COUNTRYWISE STOCK TARGETS OF ELECTRIC VEHICLE TILL 2020

TABLE 6: GLOBAL BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL BATTERY MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 9: NORTH AMERICA BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 10: NORTH AMERICA BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 11: NORTH AMERICA BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

TABLE 12: EUROPE BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 13: EUROPE BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 14: EUROPE BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

TABLE 15: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 16: ASIA-PACIFIC BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 17: ASIA-PACIFIC BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

TABLE 18: LATIN AMERICA BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 19: LATIN AMERICA BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 20: LATIN AMERICA BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

TABLE 21: MIDDLE EAST AND AFRICA BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 22: MIDDLE EAST AND AFRICA BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 23: MIDDLE EAST AND AFRICA BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX

FIGURE 2: INDUSTRY COMPONENTS

FIGURE 3: WORLDWIDE SALES OF LIGHT DUTY ELECTRIC VEHICLES, 2015-2024 (IN MILLION UNITS)

FIGURE 4: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020 (IN MILLION)

FIGURE 5: MOTOR VEHICLE PRODUCTION IN KEY GEOGRAPHIES, 2015 & 2016 (IN THOUSAND UNITS)

FIGURE 6: AVERAGE ANNUAL OPEC CRUDE OIL PRICE, 2010-2018 (IN $ PER BARREL)

FIGURE 7: AVERAGE PRICES FOR LEAD WORLDWIDE, 2014-2018 (IN $ PER METRIC TON)

FIGURE 8: AVERAGE LITHIUM CARBONATE PRICE, 2010-2017 (IN $ PER METRIC TON)

FIGURE 9: AVERAGE SELLING PRICE OF ZINC, JANUARY 2016-JANUARY 2017 (IN $/LB)

FIGURE 10: GLOBAL BATTERY MARKET, BY LEAD-ACID BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL BATTERY MARKET, BY LITHIUM-ION BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 12: GLOBAL BATTERY MARKET, BY NICKEL METAL HYDRIDE BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 13: GLOBAL BATTERY MARKET, BY NICKEL CADMIUM BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 14: GLOBAL BATTERY MARKET, BY OTHER BATTERIES, 2019-2027 (IN $ MILLION)

FIGURE 15: GLOBAL BATTERY MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 16: GLOBAL BATTERY MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)

FIGURE 17: GLOBAL BATTERY MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)

FIGURE 18: GLOBAL BATTERY MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 19: UNITED STATES BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: CANADA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: UNITED KINGDOM BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: GERMANY BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: FRANCE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: SPAIN BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: ITALY BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: RUSSIA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: REST OF EUROPE BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: CHINA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: JAPAN BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: INDIA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: SOUTH KOREA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: ASEAN COUNTRIES BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 34: REST OF ASIA-PACIFIC BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 35: BRAZIL BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 36: MEXICO BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 37: REST OF LATIN AMERICA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 38: UNITED ARAB EMIRATES BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 39: TURKEY BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 40: SAUDI ARABIA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 41: SOUTH AFRICA BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 42: REST OF MIDDLE EAST & AFRICA BATTERY MARKET, 2019-2027 (IN $ MILLION)

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