Global Battery Market Overview, 2022-2027

Global 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. Contemporary Amperex Technology Corporation Limited
  • 6. GS Yuasa International Limited
  • 7. Hitachi Chemical Corporation Limited
  • 8. LG Chem Limited
  • 9. Saft Group SA
  • More...

The report title 'Global Battery Market Overview, 2022-2027' 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). A battery consists of one or multiple cells which facilitate the conversion of chemical energy into electricity. Batteries are used to supply primary power or act as the back-up power supply in transport, industrial, or commercial applications. With the demand in the global transportation market increasing, the market for batteries is also projected to grow. The rising number of electrical circuits and devices in the transportation industry is one of the major factors driving this growth. New markets that further boost battery growth is 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 overall battery market was valued at around USD 110 Billion in 2021, which is anticipated to rise to over USD 188 Billion by the upcoming timeframe. Furthermore, the market is expected to grow at a CAGR of more than 9% between 2022 and 2027. 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 forecast period. 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.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Significant increases in battery energy density will probably require a disruptive technology involving a lithium anode. The lithium-ion battery segment is expected to witness prominent market growth during the forecast period. The demand-supply mismatch of raw materials is the hindrance to the market growth. On the other hand, major factors driving the market include declining prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. High demand for portable electronics, including LCDs, smart-phones, tablets, and wearable devices, is boosting the growth of lead-acid battery segment. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation. The market-leading segment of lead-acid batteries is expected to report the lowest CAGR of through the forecasted period. 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. In the current market scenario, policy support plays a crucial role in driving the adoption of electric vehicles. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. 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 more than 12% market share in global market in 2021. 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. Covid-19 Impacts: The battery market was moderately impacted by the COVID-19 pandemic. In the prevailing COVID-19 situation, the expected growth of the market is expected to decline as the pandemic is restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy. The current situation has impacted the supply chain of the battery industry. Key components for batteries are mainly manufactured in Asia and the Pacific. The COVID-19 situation has exposed the over-dependency on the region for key raw materials, especially China. Battery manufacturers in the US, Germany, and Australia are highly impacted by the shutdown of operations in China and other Asia-Pacific countries. It has also resulted in limited production, leading to a serious decline in business inputs. The recovery depends on government assistance as well as the level of corporate debt and how the companies and markets cope with the trimmed demand. After the recovery phase, the market is projected to grow at a moderate rate until 2030.

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Arun Kalwani

Arun Kalwani

Research Analyst

Major Companies Present In the Market A123 Systems 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 • Historical year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Regions covered: • North America • Europe • Asia-Pacific • South America • Middle East & Africa

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Arun Kalwani

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
  • Contemporary Amperex Technology Corporation Limited
  • GS Yuasa International Limited
  • Hitachi Chemical Corporation Limited
  • LG Chem Limited
  • Saft Group SA
  • Samsung Corporation Limited
  • Sony Corporation
  • Toshiba Corporation
  • A123 Systems LLC (Subsidiary Of Wanxiang Group 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. North 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
  • 7. Europe Battery Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share
  • 7.2.1. By Country
  • 7.2.2. By Type
  • 7.2.3. By Technology
  • 7.2.4. By Application
  • 8. Asia-Pacific Battery Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share
  • 8.2.1. By Country
  • 8.2.2. By Type
  • 8.2.3. By Technology
  • 8.2.4. By Application
  • 9. South America Battery Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share
  • 9.2.1. By Country
  • 9.2.2. By Type
  • 9.2.3. By Technology
  • 9.2.4. By Application
  • 10. Middle East & Africa Battery Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share
  • 10.2.1. By Country
  • 10.2.2. By Type
  • 10.2.3. By Technology
  • 10.2.4. By Application
  • 11. History and Manufacturing Process
  • 11.1. Lead Acid Battery
  • 11.2. Lithium Ion Battery
  • 11.3. Nickel Metal Hybrid Battery
  • 11.4. Nickel Cadmium Battery
  • 12. Market Dynamics
  • 12.1. Market Drivers
  • 12.2. Market Challenges
  • 13. Market Trends and Developments
  • 13.1. XXXXXX
  • 13.2. XXXXXX
  • 13.3. XXXXXX
  • 14. Competitive Landscape
  • 14.1. Porter's Five Forces Model
  • 14.2. Company Profiles
  • 14.2.1. A123 Systems LLC
  • 14.2.2. BYD Company Limited
  • 14.2.3. C&D Technologies Inc.
  • 14.2.4. Clarios
  • 14.2.5. Contemporary Amperex Technology Corporation Limited
  • 14.2.6. GS Yuasa International Limited
  • 14.2.7. Hitachi Chemical Corporation Limited
  • 14.2.8. LG Chem Limited
  • 14.2.9. Panasonic Corporation
  • 14.2.10. Saft Group SA
  • 14.2.11. Samsung Corporation Limited
  • 14.2.12. Sony Corporation
  • 14.2.13. Toshiba Corporation
  • 14.3. Company Overviews
  • 14.3.1. Akasol
  • 14.3.2. Altairnano
  • 14.3.3. Bosch
  • 14.3.4. Continental AG
  • 14.3.5. Duracell
  • 14.3.6. Energizer
  • 14.3.7. Enersys
  • 14.3.8. Leoch International Technology Limited
  • 14.3.9. Nexeon
  • 14.3.10. Phinergy
  • 14.3.11. Targray
  • 14.3.12. Varta Storage
  • 15. Strategic Recommendations
  • 16. 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: North America Battery Market Share By Country (2016, 2021 & 2027F)
Table 9: North America Battery Share By Technology (2016, 2021 & 2027F)
Table 10: Europe Battery Market Share By Country (2016, 2021 & 2027F)
Table 11: Europe Battery Share By Technology (2016, 2021 & 2027F)
Table 12: Asia-Pacific Battery Market Share By Country (2016, 2021 & 2027F)
Table 13: Asia-Pacific Battery Share By Technology (2016, 2021 & 2027F)
Table 14: South America Battery Market Share By Country (2016, 2021 & 2027F)
Table 15: South America Battery Share By Technology (2016, 2021 & 2027F)
Table 16: Middle East & Africa Battery Market Share By Country (2016, 2021 & 2027F)
Table 17: Middle East & Africa Battery Share By Technology (2016, 2021 & 2027F)
Table 18: List Of Battery Manufactures Classified On Battery Technology
Table 19: Key Facts of A123 System LLC
Table 20: Key Facts of BYD Company Limited
Table 21: Key Facts of C&D Technologies Inc.
Table 22: Key Facts of Clarios
Table 23: Key Facts of Contemporary Amperex Technology Corporation Limited
Table 24: Key Facts of GS Yuasa International Limited
Table 25: Key Facts of Hitachi Chemical Corporation Limited
Table 26: Key Facts of LG Chem Limited
Table 27: Key Facts of Panasonic Corporation
Table 28: Key Facts of Saft Group SA
Table 29: Key Facts of Samsung Corporation Limited
Table 30: Key Facts of Sony Corporation
Table 31: 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: North America Battery Market Size By Value 2016 to 2027F(In USD Billion)
Figure 9: North America Battery Market Share By Type (2016, 2021 & 2027F)
Figure 10: North America Battery Market Share By Application (2016, 2021 & 2027F)
Figure 11: Europe Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 12: Europe Battery Market Share By Type (2016, 2021 & 2027F)
Figure 13: Europe Battery Market Share By Application (2016, 2021 & 2027F)
Figure 14: Asia-Pacific Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 15: Asia-Pacific Battery Market Share By Type (2016, 2021 & 2027F)
Figure 16: Asia-Pacific Battery Market Share By Application (2016, 2021 & 2027F)
Figure 17: South America Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 18: South America Battery Market Share By Type (2016, 2021 & 2027F)
Figure 19: South America Battery Market Share By Application (2016, 2021 & 2027F)
Figure 20: Middle East & Africa Battery Market Size By Value 2016 to 2027F (In USD Billion)
Figure 21: Middle East & Africa Battery Market Share By Type (2016, 2021 & 2027F)
Figure 22: Middle East & Africa Battery Market Share By Application (2016, 2021 & 2027F)

Feed Phosphate Market Research FAQs

Asia Pacific dominated the battery market with the highest share in 2021. Growing demand for electric vehicles (EVs) and grid storage as it offers high-energy density solutions and lightweight are expected to propel the market growth.

Some key players operating in the battery market include GS Yuasa International Ltd., BYD Company Ltd., A123 Systems LLC, Hitachi Chemical Co., Ltd., Shenzhen Huayu New Energy Technology Co., Ltd., Johnson Controls, NEC Corporation, Panasonic, Samsung SDI Co., Ltd., Toshiba Corporation, LG Chem Ltd., Saft among others.

Key factors driving the battery market growth include the increasing popularity of consumer electronics on a global scale is projected to result in the usage of the lithium-ion batteries as a product type over the forecast period.

Consumer electronics, power generation, and automotive industries are major adopters of lithium-ion battery.

Batteries are basically classified into 2 types: Non-rechargeable batteries (primary batteries) and Rechargeable batteries (secondary batteries)

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Global Battery Market Overview, 2022-2027

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