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Press Release:

Global Battery Market to Reach US$ 182.96 Billion by 2027, Bolstered by Significant Growth of Automotive Industry

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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:

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
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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)

 

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


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Key Questions Answered in This Report

The global battery market was valued at US$ 105.56 Billion in 2021.

We expect the global battery market to exhibit a CAGR of 9.20% during 2022-2027.

The introduction of environmentally friendly batteries to promote clean fuel-based automobile technologies is primarily driving the global battery market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for batteries.

Based on the product, the global battery market has been segmented into lithium-ion, lead acid, nickel metal hydride, nickel cadmium, and others. Among these, lithium-ion represents the largest market share.

Based on the application, the global battery market can be bifurcated into automotive batteries, industrial batteries, and portable batteries. Currently, automotive batteries account for the majority of the total market share.

On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.

Some of the major players in the global battery market include 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

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