The Asia Pacific rechargeable battery market size reached US$ 45.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 64.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
Rechargeable batteries are electrochemical devices that convert chemical energy into electrical energy. Also known as secondary cells, accumulators and storage batteries, they are widely available in different shapes and sizes. At present, the demand for rechargeable batteries is escalating on account of the increasing sales of smartphones, unmanned aerial vehicles (UAVs), and electric vehicles (EVs) in the Asia Pacific region.
Continuous efforts undertaken by regional governments to encourage the utilization of electric vehicles (EVs) are strengthening the growth of the rechargeable batteries market in the Asia Pacific region. Apart from this, the demand for rechargeable batteries is increasing as they are more energy-efficient, produce less waste and can be charged with a simple battery charger. Furthermore, rising environmental concerns have also positively influenced the sales of rechargeable batteries in the region. However, the sudden outbreak of coronavirus disease (COVID-19) and lockdowns imposed by governing agencies in the region have negatively impacted operations at several manufacturing units. The market will experience an increase in the overall production once lockdown restrictions are relaxed.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific rechargeable battery market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on battery type, capacity and application.
Breakup by Battery Type:
- Lead-Acid Batteries
- Li-ion Batteries
- NiMH Batteries
- NiCd Batteries
Breakup by Capacity:
- 150 - 1000 mAh
- 1300 - 2700 mAh
- 3000 - 4000 mAh
- 4000 - 6000 mAh
- 6000 - 10000 mAh
- More than 10000 mAh
Breakup by Application:
- Consumer Electronics
- Industrial Applications
- Automobile Applications
Breakup by Country:
- South Korea
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Battery Type
|Battery Types Covered
||Lead-Acid Batteries, Li-ion Batteries, NiMH Batteries, NiCd Batteries, Others
||150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh, More than 10000 mAh
||Consumer Electronics, Industrial Applications, Automobile Applications, Defence, Others
||China, Japan, India, South Korea, Australia, Indonesia, Others
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the Asia Pacific rechargeable battery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific rechargeable battery market?
- What are the key regional markets?
- What is the breakup of the market based on the battery type?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific rechargeable battery market and who are the key players?
- What is the degree of competition in the industry?