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Global Battery Market Outlook, 2026

Global Battery Market Outlook, 2026

Bonafide Research 13-02-2021 215 Pages Figures : 32 Tables : 78
Region : Global Category : Consumer Goods & Services Power storage & Backup

1. Panasonic Corporation

2. A 123 System LLC

3. BYD Company Limited

4. C&D Technologies Inc.

5. Clarios

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The report title 'Global Battery Market Outlook, 2026' published by Bonafide Research gives a complete insight on the battery classified on basis of type (primary & secondary), technology (lead-acid, lithium-ion, nickel cadmium & nickel metal hydride), and application (automotive, industrial & portable). The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26. Globally the secondary battery type has been an unbeatable market dominator. The number of people without access to electricity in the African region is to increase by over 600 million in 2030, despite efforts to boost electrification. The Sub-Saharan and rural south Asian regions, in particular, are expected to be one of the central hotspots for off-grid solar initiatives. As a result, the use of energy storage with solar photovoltaic technology has been gaining popularity in these countries, which is likely to create an enormous opportunity for the battery market. The Middle East & Africa and Asia Pacific region together are expected to account for a market share of over 50% by the end of the forecasted period.

The lithium-ion battery segment is expected to cross a market of USD 60 Billion by the end of the forecasted period, recording the highest CAGR. Major factors driving the market include declining prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. On the other hand, the demand-supply mismatch of raw materials is the hindrance to the market growth. Significant increases in battery energy density will probably require a disruptive technology involving a lithium anode. The market-leading segment of lead-acid batteries is expected to report the lowest CAGR of 5.98% through the forecasted period. High demand for portable electronics, including LCDs, smartphones, tablets, and wearable devices such as fitness bands, is boosting the market growth. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation.

The automotive sector recorded at a market of USD 37.65 Billion in 2015 is expected to be the major application segment for the battery market in the near future. In the current market scenario, policy support plays a crucial role in driving the adoption of electric vehicles. Policy support enables market growth by making vehicles appealing to consumers, reducing risks for investors, and encouraging manufacturers to develop electric vehicles on a large scale. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. The share of portable battery applications is expected to decline further to a share of 32.54% by the end of the year 2026.

New markets that further boost battery growth are the electric bicycle and storage systems for renewable energy, from which homeowners, businesses, and developing nations are benefiting. Large grid storage batteries collect surplus energy during high activity and bridge the gap when the input is low or when user demand is heavy. The market comprises a network of players, including major global players as well as localized regional players. Most of these companies are headquartered in China, making it the highest contributing country, with 12.69% in 2020. Key players in the global battery market Johnson Controls, Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe SA, Delphi Automotive LLP, LG Chem, and Panasonic Corporation among others.

Companies Mentioned: A123 System LLC, BYD Company Limited, C&D Technologies Inc, Clarios, Contemporary Amperex Technology Corporation Limited, GS Yuasa International Limited, Hitachi Chemical Corporation Limited, LG Chem Limited, Panasonic Corporation, Saft Group SA, Samsung Corporation Limited, Sony Corporation, Toshiba Corporation

CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the battery and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Share by Battery Type (Primary & Secondary)
• Market Share by Battery Technology (Lead Acid, Lithium Ion, Nickel Cadmium & Nickel Metal Hydride)
• Market Share by Battery Application (Automotive, Industrial & Portable)
• Market Share by Region
• Market Share by Country
• Market Share by Company

Key Points Covered in this report:
• Market Evolution through value and volume CAGRs at different verticals
• Detailed discussion on the market dynamics that influence the market and the possible opportunities
• In sights on the market leader's performance including market shares, strategies, products, financial positions, etc

This report would help you answer the following questions:
1. What is the market size and forecast of the Global Battery Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Battery Market during the forecast period?
3. Which region outstands in the Global Battery Market?
4. Which are the segments to invest in over the forecast period in the Global Battery Market?
5. What is the competitive strategic window for opportunities in the Global Battery Market?
6. What are the technology trends and regulatory frameworks in the Global Battery Market?
7. What are the major company in the Global Battery Market?



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