The report title ‘Global Battery Market Outlook, 2026’ 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). The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26. Globally the secondary battery type has been an unbeatable market dominator. 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. 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 forecasted period.
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The lithium-ion battery segment is expected to cross a market of USD 60 Billion by the end of the forecasted period, recording the highest CAGR. Major factors driving the market include declining prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. On the other hand, the demand-supply mismatch of raw materials is the hindrance to the market growth. Significant increases in battery energy density will probably require a disruptive technology involving a lithium anode. The market-leading segment of lead-acid batteries is expected to report the lowest CAGR of 5.98% through the forecasted period. High demand for portable electronics, including LCDs, smartphones, tablets, and wearable devices such as fitness bands, is boosting the market growth. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation.
The automotive sector recorded at a market of USD 37.65 Billion in 2015 is expected to be the major application segment for the battery market in the near future. In the current market scenario, policy support plays a crucial role in driving the adoption of electric vehicles. 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. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. The share of portable battery applications is expected to decline further to a share of 32.54% by the end of the year 2026.
New markets that further boost battery growth are 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 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 12.69% in 2020. 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.
Companies Mentioned: A123 System 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
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026
REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
The report also covers the major countries in the region with a clear comparison of the past performance and the estimated growth of the market in the forecasted period. In addition, the market is studied in detail with respect to the different types of the battery and its purposes regionally.
ASPECTS COVERED IN THE REPORT
• Market Size By Value for the time period (2015-2026F)
• Market Share by Battery Type (Primary & Secondary)
• Market Share by Battery Technology (Lead Acid, Lithium Ion, Nickel Cadmium & Nickel Metal Hydride)
• Market Share by Battery Application (Automotive, Industrial & Portable)
• Market Share by Region
• Market Share by Country
• Market Share by Company
Key Points Covered in this report:
• Market Evolution through value and volume CAGRs at different verticals
• Detailed discussion on the market dynamics that influence the market and the possible opportunities
• In sights on the market leader’s performance including market shares, strategies, products, financial positions, etc
This report would help you answer the following questions:
1. What is the market size and forecast of the Global Battery Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Battery Market during the forecast period?
3. Which region outstands in the Global Battery Market?
4. Which are the segments to invest in over the forecast period in the Global Battery Market?
5. What is the competitive strategic window for opportunities in the Global Battery Market?
6. What are the technology trends and regulatory frameworks in the Global Battery Market?
7. What are the major company in the Global Battery Market?
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TABLE OF CONTENT
1. Executive Summary
2. Report Methodology
3. Global Battery Market Outlook
3.1. Market Size by Value
3.2. Market Share
3.2.1. By Battery Type
3.2.2. By Battery Technology
3.2.3. By Application
3.2.4. By Region
3.2.5. By Country
3.2.6. By Company
3.3. Global Lead Acid Battery Market Outlook
3.4. Global Lithium Ion Battery Market Outlook
3.5. Global Nickel Metal Hydride Battery Outlook
3.6. Global Nickel Cadmium Battery Outlook
4. North America Battery Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Battery Type
4.2.2. By Battery Technology
4.2.3. By Application
4.2.4. By Country
4.3. US Battery Market Outlook
4.3.1. Market Size by Value
4.3.2. Market Share
4.4. Mexico Battery Market Outlook
4.4.1. Market Size by Value
4.4.2. Market Share
4.5. Canada Battery Market Outlook
4.5.1. Market Size by Value
4.5.2. Market Share
5. Europe Battery Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Battery Type
5.2.2. By Battery Technology
5.2.3. By Application
5.2.4. By Country
5.3. Germany Battery Market Outlook
5.3.1. Market Size by Value
5.3.2. Market Share
5.4. UK Battery Market Outlook
5.4.1. Market Size by Value
5.4.2. Market Share
5.5. France Battery Market Outlook
5.5.1. Market Size by Value
5.5.2. Market Share
5.6. Italy Battery Market Outlook
5.6.1. Market Size by Value
5.6.2. Market Share
5.7. Spain Battery Market Outlook
5.7.1. Market Size by Value
5.7.2. Market Share
5.8. Russia Battery Market Outlook
5.8.1. Market Size by Value
5.8.2. Market Share
6. Asia Pacific Battery Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Battery Type
6.2.2. By Battery Technology
6.2.3. By Application
6.2.4. By Country
6.3. China Battery Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.4. Japan Battery Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.5. Australia Battery Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.6. India Battery Market Outlook
6.6.1. Market Size by Value
6.6.2. Market Share
7. Latin America Battery Market Outlook
7.1. Market Size by Value
7.2. Market Share
7.2.1. By Battery Type
7.2.2. By Battery Technology
7.2.3. By Application
7.2.4. By Country
7.3. Brazil Battery Market Outlook
7.3.1. Market Size by Value
7.3.2. Market Share
7.4. Argentina Battery Market Outlook
7.4.1. Market Size by Value
7.4.2. Market Share
7.5. Colombia Battery Market Outlook
7.5.1. Market Size by Value
7.5.2. Market Share
8. Middle East & Africa Battery Market Outlook
8.1. Market Size by Value
8.2. Market Share
8.2.1. By Battery Type
8.2.2. By Battery Technology
8.2.3. By Application
8.2.4. By Country
8.3. UAE Battery Market Outlook
8.3.1. Market Size by Value
8.3.2. Market Share
8.4. Saudi Arabia Battery Market Outlook
8.4.1. Market Size by Value
8.4.2. Market Share
8.5. Qatar Battery Market Outlook
8.5.1. Market Size by Value
8.5.2. Market Share
8.6. South Africa Battery Market Outlook
8.6.1. Market Size by Value
8.6.2. Market Share
9 History and Manufacturing Process
9.1 Lead Acid Battery
9.2 Lithium Ion Battery
9.3 Nickel Cadmium Battery
9.4 Nickel Metal Hydride Battery
10 Market Dynamics
10.1 Key Drivers
10.2 Key Challenges
11 Market Trends and Developments
11.1 XXXXXXXXXXXX
11.2 XXXXXXXXXXXX
11.3 XXXXXXXXXXXX
12 Competitive Landscape
12.1 Porter’s Five Forces Model
12.2 Company Profiles
12.2.1 A123 Systems LLC
12.2.2 BYD Company Limited
12.2.3 C&D Technologies Inc.
12.2.4 Clarios
12.2.5 Contemporary Amperex Technology Corporation Limited
12.2.6 GS Yuasa International Limited
12.2.7 Hitachi Chemical Corporation Limited
12.2.8 LG Chem Limited
12.2.9 Panasonic Corporation
12.2.10 Saft Group SA
12.2.11 Samsung Corporation Limited
12.2.12 Sony Corporation
12.2.13 Toshiba Corporation
12.3 Company Overviews
12.3.1 Akasol
12.3.2 Altairnano
12.3.3 AMBRI
12.3.4 American Battery Solution Inc
12.3.5 Aquion Energy
12.3.6 ARTS Energy
12.3.7 ATLASBX Corporative Limited
12.3.8 Automotive Energy Supply Corporation
12.3.9 Autox Limited
12.3.10 Battery Streak
12.3.11 Bosch
12.3.12 BroadBit
12.3.13 Continental AG
12.3.14 Coslight India
12.3.15 Crown Battery Manufacturing Company
12.3.16 Duracell
12.3.17 E4V
12.3.18 Electrovaya
12.3.19 Energizer
12.3.20 Enersys
12.3.21 Eveready Industries
12.3.22 Grepow
12.3.23 Johnson Controls
12.3.24 Leoch International Technology Limited
12.3.25 Middle East Battery Company
12.3.26 Nexeon
12.3.27 Northvolt
12.3.28 OptimumNano Energy
12.3.29 Oxis Energy
12.3.30 Phinergy
12.3.31 Primearth EV Energy
12.3.32 Solid Power
12.3.33 StoreDot
12.3.34 Targray
12.3.35 Varta Storage
12.3.36 Zhongyin Battery Corporative Limited
13 Strategic Recommendations
14 Disclaimer
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