South America Battery Market Outlook, 2027

South America Battery Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Panasonic Corporation
  • 2. BYD Company Limited
  • 3. C&D Technologies Inc.
  • 4. Clarios
  • 5. Hitachi Chemical Corporation Limited
  • 6. LG Chem Limited
  • More...

The factors such as the growth in strategic initiatives taken by the region’s market players, the large-scale presence of lithium reserves, the 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. Major factors driving the South American battery market include declining lithium-ion battery prices, increasing adoption of electric vehicles, and growing the renewable energy sector. Also, increasing demand from data centres is likely to drive the market as data centres are evolving digital infrastructures for cloud services and the next generation of cloud services may be adapted to incorporate a blockchain network. According to the report, "South America Battery Market Outlook, 2027" published by Bonafide Research, the market was calculated to have around USD 5 billion in 2021, which is anticipated to reach more than 10% CAGR by 2027. Increasing the growth in data centres and economic development in countries like Brazil and Argentina for commercial infrastructure is expected to create immense opportunities for the South American battery market. The demand for consumer electronics in Brazil is increasing, which is a significant boost for the market under study. To embark on market opportunities in Brazil, in March 2018, Amazon Inc., this collaborated with manufacturers of electronic goods, decided to stock and sell consumer electronic goods in Brazil.

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Due to the demand for consumer goods and an increase in investment in the country, Brazil is expected to dominate the market in the South America region. In Brazil, the high automobile production, product developments, and launches by market players play a major factor in the growth of the battery market. Further, the significant development by market players has positively affected the market. Volkswagen Caminhes e nibus, for example, and Companhia Brasileira de Metalurgia e Mineraço announced an agreement in 2021 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. In Brazil, the major supplier countries for primary batteries include China, the United States, and Germany. The import value of primary batteries in Brazil is way higher than the export, which signifies the high dependency on imports to meet the requirements of primary batteries. The distributor networks and channel partners of overseas manufacturing firms cater to the market demand for primary batteries in Brazil. The battery demand in Brazil is bolstered by the fact that the demand for electricity is anticipated to register prominent market growth by 2027, which leads to an increasing requirement for standby sources of electricity. The Rota 2030 program is aimed at improving energy efficiency in the transportation sector, which is a big boost for the Brazilian electric vehicle market. The surge in the deployment of electric vehicles is likely to provide a significant impetus to the Brazilian segment of the market studied during the forecast period. The lead-acid battery segment is expected to dominate the market in both developed and emerging economies of the region, with a declining market share. The reason behind the expected growth is mainly the low cost of lead-acid batteries, renewable targets, and the adoption of automated guided vehicles in industrial spaces. As of 2021, Bolivia, Argentina, and Chile have around 21, 17, and 9 million tones of lithium reserves, respectively. Thus, the huge lithium reserves present in the region are likely to act as an opportunity to increase domestic production.

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Manmayi Raval

Manmayi Raval

Research Consultant

Unlike the global trend, the region is expected to show the dominance of the portable battery segment in the last decade. Automobiles are the largest end-users of lead-acid batteries, as these batteries perform the start-stop function in vehicles. On average, each automobile manufactured contains approximately 12 kilograms of lead. Around 96% of lead is used in the common lead-acid battery, while the remaining 4% is used in other applications, including wheel balance weights, protective coatings, and vibration dampers. The Latin American battery market is moderately competitive with major players like C&D Technologies offering their solutions and services for switchgear & control, telecommunications, and UPS applications. The company operates in the US, Argentina, Chile, Brazil, Russia, Singapore, Colombia, Thailand, Hong Kong, and China. COVID-19 Impacts: COVID-19 has affected the global economy, and the operations of various sectors have come to a standstill. In the consumer electronics sector, many companies are dealing with several challenges due to a decline in resources and human resources. As a result of pandemic and containment measures globally, the target for manufacturing portable batteries has almost come to a halt across the South American region. However, all the corrective measures are being taken to stimulate market growth post-COVID-19. This slowdown in the economies worldwide has impacted the portable battery market, owing to the declined demand from end users. Even though the risks of battery supply are mitigated, the recession of 2020 is likely to cause a further decline in demand as consumers are likely to spend less on consumer electronics, which is affecting the South American battery market. Major Companies Present In the Market BYD Company Limited, C&D Technologies Inc., Clarios, Hitachi Chemical Corporation Limited, LG Chem Limited, Panasonic Corporation, Saft Group SA, Samsung Corporation Limited, Sony Corporation, Toshiba Corporation

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Manmayi Raval

Considered In the Report • Geography: South America • Historical year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Countries covered: • Brazil • Argentina • Coumbia Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2022-2027) • Market Share by Type (Primary & Secondary) • Market Share by Technology (Lead acid Battery, Lithium ion Battery, Nickel metal hydride Battery, Nickel cadmium Battery & Other Batteries) • Market Share by Application (Automotive Batteries, Industrial Batteries & Portable Batteries) • Market Share by Country The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the battery manufacturers, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Panasonic Corporation
  • BYD Company Limited
  • C&D Technologies Inc.
  • Clarios
  • Hitachi Chemical Corporation Limited
  • LG Chem Limited
  • Saft Group SA
  • Samsung Corporation Limited
  • Sony Corporation
  • Toshiba Corporation

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic /Demographic Snapshot
  • 5. Global Battery Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share
  • 5.2.1. By Region
  • 5.2.2. By Country
  • 5.2.3. By Company
  • 5.2.4. By Type
  • 5.2.5. By Technology
  • 5.2.6. By Application
  • 5.3. Global Lead acid Battery Market Outlook
  • 5.4. Global Lithium Ion Battery Market Outlook
  • 5.5. Global Nickel Metal Hydride Battery Market Outlook
  • 5.6. Global Nickel Cadmium Battery Market Outlook
  • 6. South America Battery Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share
  • 6.2.1. By Country
  • 6.2.2. By Type
  • 6.2.3. By Technology
  • 6.2.4. By Application
  • 6.3. Brazil Battery Market Outlook
  • 6.3.1. Market Size By Value
  • 6.3.2. Market Share
  • 6.3.2.1. By Type
  • 6.3.2.2. By Technology
  • 6.3.2.3. By Application
  • 6.4. Argentina Battery Market Outlook
  • 6.4.1. Market Size By Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Type
  • 6.4.2.2. By Technology
  • 6.4.2.3. By Application
  • 6.5. Columbia Battery Market Outlook
  • 6.5.1. Market Size By Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Type
  • 6.5.2.2. By Technology
  • 6.5.2.3. By Application
  • 7. History and Manufacturing Process
  • 7.1. Lead Acid Battery
  • 7.2. Lithium Ion Battery
  • 7.3. Nickel Metal Hybrid Battery
  • 7.4. Nickel Cadmium Battery
  • 8. Market Dynamics
  • 8.1. Market Drivers
  • 8.2. Market Challenges
  • 9. Market Trends and Developments
  • 9.1. XXXXXX
  • 9.2. XXXXXX
  • 9.3. XXXXXX
  • 10. Competitive Landscape
  • 10.1. Porter's Five Forces Model
  • 10.2. Company Profiles
  • 10.2.1. BYD Company Limited
  • 10.2.2. C&D Technologies Inc.
  • 10.2.3. Clarios
  • 10.2.4. Hitachi Chemical Corporation Limited
  • 10.2.5. LG Chem Limited
  • 10.2.6. Panasonic Corporation
  • 10.2.7. Saft Group SA
  • 10.2.8. Samsung Corporation Limited
  • 10.2.9. Sony Corporation
  • 10.2.10. Toshiba Corporation
  • 10.3. Company Overviews
  • 10.3.1. Bosch
  • 10.3.2. Continental AG
  • 10.3.3. Duracell
  • 10.3.4. Energizer
  • 10.3.5. Enersys
  • 10.3.6. Varta Storage
  • 11. Strategic Recommendations
  • 12. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2020
Table 2: Economic Snapshot of Other Prominent Countries 2020
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Battery Market Share By Region (2016, 2021 & 2027F)
Table 5: Global Battery Market Share By Country (2016, 2021 & 2027F)
Table 6: Global Battery Market Share By Company (2021)
Table 7: Global Battery Share By Technology (2016, 2021 & 2027F)
Table 8: South America Battery Market Share By Country (2016, 2021 & 2027F)
Table 9: South America Battery Share By Technology (2016, 2021 & 2027F)
Table 10: Brazil Battery Share By Technology (2016, 2021 & 2027F)
Table 11: Argentina Battery Share By Technology (2016, 2021 & 2027F)
Table 12: Columbia Battery Share By Technology (2016, 2021 & 2027F)
Table 13: List Of Battery Manufactures Classified On Battery Technology
Table 14: Key Facts of BYD Company Limited
Table 15: Key Facts of C&D Technologies Inc.
Table 16: Key Facts of Clarios
Table 17: Key Facts of Hitachi Chemical Corporation Limited
Table 18: Key Facts of LG Chem Limited
Table 19: Key Facts of Panasonic Corporation
Table 20: Key Facts of Saft Group SA
Table 21: Key Facts of Samsung Corporation Limited
Table 22: Key Facts of Sony Corporation
Table 23: Key Facts of Toshiba Corporation

List of Figures
Figure 1: Global Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Battery Market Share By Type (2016, 2021 & 2027F)
Figure 3: Global Battery Market Share By Application (2016, 2021 & 2027F)
Figure 4: Global Lead acid Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 5: Global Lithium Ion Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 6: Global Nickel Metal Hydride Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 7: Global Nickel Cadmium Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 8: South America Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 9: South America Battery Market Share By Type (2016, 2021 & 2027F)
Figure 10: South America Battery Market Share By Application (2016, 2021 & 2027F)
Figure 11: Brazil Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 12: Brazil Battery Market Share By Type (2016, 2021 & 2027F)
Figure 13: Brazil Battery Market Share By Application (2016, 2021 & 2027F)
Figure 14: Argentina Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 15: Argentina Battery Market Share By Type (2016, 2021 & 2027F)
Figure 16: Argentina Battery Market Share By Application (2016, 2021 & 2027F)
Figure 17: Columbia Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 18: Columbia Battery Market Share By Type (2016, 2021 & 2027F)
Figure 19: Columbia Battery Market Share By Application (2016, 2021 & 2027F)

Feed Phosphate Market Research FAQs

As of 2019, Clarios (US), Panasonic Corporation (Japan), Samsung SDI (South Korea), Chaowei Power (China), Contemporary Amperex Technology (China), Enersys (US), LG Chem (South Korea), BYD Company (China), Hitachi Chemical (Japan) dominated the global battery technology market.

A new sodium-ion battery breakthrough is the newest battery technology.

Additionally, Tesla gets most of its lithium from the country, with some of it coming from companies with Argentinean mining operations. Still, estimates hold that China refines more than half of the world's lithium.

Fluoride batteries have the potential to last eight times longer than lithium batteries, but that's easier said than done. That's because fluoride is an anion, or a negatively charged ion, which is the magic behind its high energy density but is also the reason it's reactive and hard to stabilize.

Contemporary Amperex Technology Co. Limited, also known simply as CATL, is a Chinese battery company that manufactures lithium-ion EV batteries. Currently the biggest lithium-ion battery manufacturers on the planet, CATL is responsible for the creation of 96.7 gigawatt hours (GWh) of the planet's 296.8 GWh.
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South America Battery Market Outlook, 2027

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