Market Overview:
The global battery market reached a value of US$ 105.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 182.96 Billion by 2027, exhibiting a CAGR of 9.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Batteries refer to a device consisting of one or more cells that convert chemical energy into electrical energy by a chemical reaction. They are manufactured of steel, lithium, graphite, manganese, zinc, potassium, paper and plastic. Some commonly available variants are lead-acid, nickel-cadmium (NiCD), lithium-ion and nickel-metal hydride (NiMH). They comprise an anode, electrolyte, separator and cathode. Batteries are widely used in energy storage systems, remotes, machinery equipment, health instruments, satellites, robots, power backup, clocks and torches. They are commonly available in various shapes and sizes and are durable, cost-effective, safe and stable. They are easily stored, lightweight, reliable, and cost-effective, portable and have a high specific energy. As a result, they are widely used in automotive, electronics, marine, consumer electronics and industrial applications.
Battery Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Batteries are rechargeable and are widely used in plug-in hybrid electric vehicles, hybrid electric vehicles (HEVs) and electric vehicles (EVs). In line with this, the rising demand for electric vehicles (EVs) due to the increasing environmental consciousness among the masses is favoring the market growth. Moreover, various product innovations, such as the introduction of portable and flow batteries that provide enhanced durability and efficacy, are providing an impetus to the market growth. In line with this, the widespread product adoption in consumer electronics, such as music systems, digital cameras, remotes and portable computing devices, is positively impacting the market growth. Apart from this, the introduction of environmentally friendly batteries, rising expenditure capacities of consumers and the implementation of various government initiatives to promote clean fuel-based automobile technologies are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global battery market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product and application.
Breakup by Type:
- Primary Battery
- Secondary Market
Breakup by Product:
- Lithium-Ion
- Lead Acid
- Nickel Metal Hydride
- Nickel Cadmium
- Others
Breakup by Application:
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being A123 Systems LLC (Wanxiang Group Corporation), BYD Motors Inc., Contemporary Amperex Technology Co. Ltd., Envision AESC Group Ltd. (Envision Group), GS Yuasa Corporation, Johnsons Controls Inc., Panasonic Corporation, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Saft (TotalEnergies SE), Samsung SDI Co. Ltd., Tesla Inc. and Toshiba Corporation.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Product, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
A123 Systems LLC (Wanxiang Group Corporation), BYD Motors Inc., Contemporary Amperex Technology Co. Ltd., Envision AESC Group Ltd. (Envision Group), GS Yuasa Corporation, Johnsons Controls Inc., Panasonic Corporation, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Saft (TotalEnergies SE), Samsung SDI Co. Ltd., Tesla Inc. and Toshiba Corporation. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
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 global battery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global battery market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product?
- 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 global battery market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Battery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Primary Battery
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Secondary Market
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product
7.1 Lithium-Ion
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Lead Acid
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Nickel Metal Hydride
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Nickel Cadmium
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Automotive Batteries
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Industrial Batteries
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Portable Batteries
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 A123 Systems LLC (Wanxiang Group Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 SWOT Analysis
14.3.2 BYD Motors Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Contemporary Amperex Technology Co. Ltd.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Envision AESC Group Ltd. (Envision Group)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 GS Yuasa Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Johnsons Controls Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Panasonic Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 SWOT Analysis
14.3.9 Saft (TotalEnergies SE)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Samsung SDI Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Tesla Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Toshiba Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Battery Market: Major Drivers and Challenges
Figure 2: Global: Battery Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Battery Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Battery Market: Breakup by Type (in %), 2021
Figure 5: Global: Battery Market: Breakup by Product (in %), 2021
Figure 6: Global: Battery Market: Breakup by Application (in %), 2021
Figure 7: Global: Battery Market: Breakup by Region (in %), 2021
Figure 8: Global: Battery (Primary Battery) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Battery (Primary Battery) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Battery (Secondary Market) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Battery (Secondary Market) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Battery (Lithium-Ion) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Battery (Lithium-Ion) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Battery (Lead Acid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Battery (Lead Acid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Battery (Nickel Metal Hydride) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Battery (Nickel Metal Hydride) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Battery (Nickel Cadmium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Battery (Nickel Cadmium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Battery (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Battery (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Battery (Automotive Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Battery (Automotive Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Battery (Industrial Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Battery (Industrial Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Battery (Portable Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Battery (Portable Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Battery Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Battery Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Battery Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Battery Industry: SWOT Analysis
Figure 78: Global: Battery Industry: Value Chain Analysis
Figure 79: Global: Battery Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Battery Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Battery Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Battery Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Battery Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Battery Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Battery Market: Competitive Structure
Table 7: Global: Battery Market: Key Players