Market by Battery Type, Technology, End-use and Country Outlook | Forecast 2022-2028
According to a report by Triton Market Research, the battery market in
Latin America is estimated to grow at a
CAGR of 12.88% over the forecasting period 2022-2028.
Report scope can be customized per your requirements. Request For Customization
The countries studied in the
market include:
• Mexico
• Brazil
• Rest of Latin America
The factors such as the growth in strategic initiatives taken by the
region’s market players, large-scale presence of lithium reserves, increase in
demand and adoption of consumer electronics and household appliances for
increasing deployment of different types of batteries are expected to promote
the growth of the studied market in the region.
In Brazil, the high automobile production, product developments, and
launches by market players plays a major factor in the growth of the battery
market. Further, the significant development by market players has positively
affected the market. For instance, Volkswagen Caminhões e Ônibus and Companhia
Brasileira de Metalurgia e Mineração announced an agreement in 2021, with an
aim to develop the super Niobium battery. Since niobium is abundant in the country,
the companies signed an agreement to produce super batteries for large electric
vehicles. Hence, such factors are expected to positively impact the country’s
market growth during the forecast period.
Whereas, in Mexico, the factors such as high production of automobiles,
product developments and advancements are expected to promote market growth.
The country is likely one of the largest motor vehicle manufacturers in the
region based on the number of units produced. In 2021, Mexico produced nearly
3.15 million vehicles comprising 2.5 million units of commercial vehicles.
Further, in 2021, the country announced its plans to build the first plant for
electric cars. Hence, such factors are expected to positively impact the market
growth in Mexico during the forecasting period.
A flow battery is an electrochemical cell where two chemical components
dissolved in liquids and pumped via the system on separate membrane sides offer
chemical energy. These batteries are used as fuel cells or as rechargeable
batteries. In addition, market players around the globe are increasingly
developing and launching new and advanced products in flow batteries, catering
to the requirements of end-users. For instance, Honeywell launched a new flow
battery technology that works with sources of renewable generation such as
solar and wind to meet the sustainable energy storage demand.
The studied report assesses the market’s growth
according to battery type, technology and end-use. Here the technology segment comprises of
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 in the battery market include
Exide Technologies, A123 Systems LLC, Trojan Battery Company, Eveready
Industries, Murata Manufacturing Co Ltd, Crown Battery Manufacturing Company
and Panasonic Corporation.
Founded in 1926, Crown Battery Manufacturing Company is an America-based company that
develops different types of batteries, chargers and accessories. The company
offers its products to renewable energy systems, cars, trucks, floor care
equipment, golf and electric vehicles, heavy-duty equipment, etc. It is a
privately owned enterprise carrying out its operations in Fremont, Ohio, United
States. The company has worked with the US Export-Import (EXIM) Bank for more
than 20 years to expand to the global markets. EXIM has helped Crown Battery Manufacturing Company to export its locally manufactured recyclable lead-acid batteries
to 60 countries across the globe.
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 battery market revenue growth in Latin America 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 Latin
America 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. LATIN
AMERICA 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. LATIN
AMERICA BATTERY MARKET OUTLOOK - BY BATTERY TYPE
3.1. PRIMARY
BATTERY
3.2. SECONDARY
BATTERY
4. LATIN
AMERICA 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. LATIN
AMERICA 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. LATIN
AMERICA BATTERY INDUSTRY - COUNTRY OUTLOOK
6.1. BRAZIL
6.2. MEXICO
6.3. REST
OF LATIN AMERICA
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: LATIN AMERICA BATTERY
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LATIN AMERICA BATTERY
MARKET, BY BATTERY TYPE, 2022-2028, (IN $ MILLION)
TABLE 4: LATIN AMERICA BATTERY
MARKET, BY TECHNOLOGY, 2022-2028, (IN $ MILLION)
TABLE 5: LATIN AMERICA BATTERY
MARKET, BY END-USE, 2022-2028, (IN $ MILLION)
TABLE 6: LATIN AMERICA BATTERY
MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: LATIN AMERICA
BATTERY MARKET, BY BATTERY TYPE, 2021 & 2028 (IN %)
FIGURE 3: LATIN AMERICA
BATTERY MARKET, BY PRIMARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 4: LATIN AMERICA
BATTERY MARKET, BY SECONDARY BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
BATTERY MARKET, BY TECHNOLOGY, 2021 & 2028 (IN %)
FIGURE 6: LATIN AMERICA
BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
BATTERY MARKET, BY NICKEL-METAL HYDRIDE (NIMH) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
BATTERY MARKET, BY NICKEL-CADMIUM (NICD) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN AMERICA
BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 11: LATIN AMERICA
BATTERY MARKET, BY FLOW BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN AMERICA
BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN AMERICA
BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN AMERICA BATTERY
MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2028 (IN $ MILLION)
FIGURE 15: LATIN AMERICA
BATTERY MARKET, BY OTHER TECHNOLOGIES, 2022-2028 (IN $ MILLION)
FIGURE 16: LATIN AMERICA
BATTERY MARKET, BY END-USE, 2021 & 2028 (IN %)
FIGURE 17: LATIN AMERICA
BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 18: LATIN AMERICA
BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 19: LATIN AMERICA
BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 20: LATIN AMERICA
BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 21: LATIN AMERICA
BATTERY MARKET, BY SLI BATTERIES, 2022-2028 (IN $ MILLION)
FIGURE 22: LATIN AMERICA
BATTERY MARKET, BY OTHER END-USES, 2022-2028 (IN $ MILLION)
FIGURE 23: LATIN AMERICA
BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 24: BRAZIL BATTERY
MARKET 2022-2028 (IN $ MILLION)
FIGURE 25: MEXICO BATTERY
MARKET 2022-2028 (IN $ MILLION)
FIGURE 26: REST OF LATIN
AMERICA BATTERY MARKET 2022-2028 (IN $ MILLION)