Toll Free: 1-888-928-9744

Battery Market Analysis By Product (Lead Acid, Li-ion, Nickle Metal Hydride, Ni-Cd) By Application (Automotive, Industrial, Portable) And Segment Forecasts To 2024

Published: Mar 1, 2013 | Pages: 89 | Publisher: Grand View Research | Industry: Energy | Report Format: Electronic (PDF)

The global battery market is expected to reach USD 132.55 billion by 2024, according to a new report by Grand View Research, Inc. Majorly consisting of primary and secondary batteries, the growth will be attributed to growing demand for secondary batteries that are rechargeable on account of rising demand for smart gadgets and electronics such as tablets, smartphone and other portable devices including the digital camera and laptop. 

Technological advancements in terms of cost reduction and enhanced efficiency are expected to open new avenues for the global market over the forecast period. Rising use in aircraft emergency systems in case of non-availability of APU's for braking, ground operations and restarting the APU is expected to fuel high capacity battery demand. Low cost and high density of lead acid battery will encourage use in an emergency power supply and grid storage applications thus supplementing the market growth. 

Further key findings from the report suggest:

Li-ion based batteries are expected to emerge as the most dominant segment owing to the growing demand in the automotive industry coupled with portable devices and electric power trains. The auto industry is experiencing high growth in plug-in hybrid and electric vehicles segment which is expected to propel demand. In addition, successful commercialization and lucrative incentives have been encouraging OEMs to introduce new hybrid and electric models in the market.

Ni-Cd batteries find applications in portables devices such as wireless & cordless telephones and emergency lighting, rising use for which will drive market demand. Growing application scope in railways for emergency braking, locomotive starting, air-conditioning, coach lighting and power for signaling will further propel growth.

Industrial application accounted for over 30.0% of the global market in 2015. The industrial application includes wheelchairs, golf carts, aviation, satellites, grid storage, forklifts and power tools. Rising energy requirements have resulted in increased use of storage applications on grid and off grid which has directly impacted demand for battery storage systems. Rapid industrialization in emerging economies of Asia Pacific and Latin America will utilize batteries in UPS devices, material handling systems, and power tools thus fueling market demand.

Asia Pacific dominated the global battery market with revenue over USD 23.00 billion in 2015 on account of the presence of a majority of manufacturers in Japan and South Korea. Budding consumer electronics industry in India, Malaysia, Singapore and Thailand is expected to result in high demand for lithium-ion batteries in the next eight years. Increasing automobile production in India and China is projected to propel demand for lead acid batteries in the near future. In addition, laxity for regulations in these countries regarding automotive emissions and fuel efficiency is expected to provide immense potential for market growth.

The global industry includes major conglomerates such as Hitachi, Sony, LG, Panasonic and GS Yuasa. Companies are moving towards lithium ion battery manufacturing owing to high potential in consumer electronics and electric vehicle market. Key companies are engaged in manufacturing of batteries with varying capacities suitable for different applications. Automotive Energy Supply Corporation and Panasonic are major shareholders in the lithium-ion electric vehicle segment. In February 2016, Johnson Controls Inc. made investments in its facility in Germany to improve its production capacity.
 Table of Contents
Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Battery- Industry Summary and Key Buying Criteria Chapter 3. Battery Industry Outlook 3.1. Battery Market Segmentation 3.2. Battery Market Size and Growth Prospects 3.3. Battery Value Chain Analysis 3.3.1. Vendor Landscape 3.4. Raw Material Outlook 3.5. Technology Outlook 3.6. Regulatory Framework 3.7. Battery Market Dynamics 3.7.1. Market Driver Analysis 3.7.2. Market Restraint Analysis 3.8. Key Opportunities Prioritized 3.9. Industry Analysis - Porter's 3.10. Battery Market Competitive Scenario, 2015 3.11. Battery Market PESTEL Analysis Chapter 4. Battery Product Outlook 4.1. Battery Market Share By Product, 2015 & 2024 4.2. Lead Acid 4.2.1. Market estimates and forecast, 2013 - 2024 (Revenue) 4.2.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) 4.3. Lithium ion 4.3.1. Market estimates and forecast, 2013 - 2024 (Revenue) 4.3.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) 4.4. Nickel Metal Hydride 4.4.1. Market estimates and forecast, 2013 - 2024 (Revenue) 4.4.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) 4.5. Nickel Cadmium 4.5.1. Market estimates and forecast, 2013 - 2024 (Revenue) 4.5.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) 4.6. Other 4.6.1. Market estimates and forecast, 2013 - 2024 (Revenue) 4.6.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) Chapter 5. Battery Application Outlook 5.1. Battery Market Share By Application, 2015& 2024 5.2. Automotive 5.2.1. Market estimates and forecast, 2013 - 2024 (Revenue) 5.2.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) 5.3. Industrial 5.3.1. Market estimates and forecast, 2013 - 2024 (Revenue) 5.3.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) 5.4. Portable 5.4.1. Market estimates and forecast, 2013 - 2024 (Revenue) 5.4.2. Market estimates and forecast, by region, 2013 - 2024 (Revenue) Chapter 6. Battery Regional Outlook 6.1. Battery Market Share By Region, 2015& 2024 6.2. North America 6.2.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.2.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.2.2.1. U.S. 6.2.2.1.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.2.2.1.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.3. Europe 6.3.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.3.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.3.2.1. Germany 6.3.2.1.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.3.2.1.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.3.2.2. UK 6.3.2.2.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.3.2.2.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.4. Asia Pacific 6.4.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.4.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.4.2.1. China 6.4.2.1.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.4.2.1.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.4.2.2. Japan 6.4.2.2.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.4.2.2.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Volume & Revenue) 6.5. Latin America 6.5.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.5.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.5.2.1. Brazil 6.5.2.1.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.5.2.1.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) 6.6. MENA 6.6.1. Market Estimates and Forecasts, by product, 2013 - 2024 (Revenue) 6.6.2. Market Estimates and Forecasts, by application, 2013 - 2024 (Revenue) Chapter 7 Competitive Landscape 7.1. Saft Groupe 7.1.1. Company Overview 7.1.2. Financial Performance 7.1.3. Product Benchmarking 7.1.4. Strategic Initiatives 7.2. A123 Systems 7.2.1. Company Overview 7.2.2. Financial Performance 7.2.3. Product Benchmarking 7.2.4. Strategic Initiatives 7.3. GS Yuasa 7.3.1. Company Overview 7.3.2. Financial Performance 7.3.3. Product Benchmarking 7.3.4. Strategic Initiatives 7.4. BYD Company Limited 7.4.1. Company Overview 7.4.2. Financial Performance 7.4.3. Product Benchmarking 7.4.4. Strategic Initiatives 7.5. Hitachi 7.5.1. Company Overview 7.5.2. Financial Performance 7.5.3. Product Benchmarking 7.5.4. Strategic Initiatives 7.6. Duracell 7.6.1. Company Overview 7.6.2. Financial Performance 7.6.3. Product Benchmarking 7.6.4. Strategic Initiatives 7.7. East Penn Manufacturing Company Incorporated 7.7.1. Company Overview 7.7.2. Financial Performance 7.7.3. Product Benchmarking 7.7.4. Strategic Initiatives 7.8. EnerSys 7.8.1. Company Overview 7.8.2. Financial Performance 7.8.3. Product Benchmarking 7.8.4. Strategic Initiatives 7.9. Eveready Industries 7.9.1. Company Overview 7.9.2. Financial Performance 7.9.3. Product Benchmarking 7.9.4. Strategic Initiatives 7.10. Exide Technologies 7.10.1. Company Overview 7.10.2. Financial Performance 7.10.3. Product Benchmarking 7.10.4. Strategic Initiatives 7.11. Johnson Controls 7.11.1. Company Overview 7.11.2. Financial Performance 7.11.3. Product Benchmarking 7.11.4. Strategic Initiatives 7.12. LG Chem Limited 7.12.1. Company Overview 7.12.2. Financial Performance 7.12.3. Product Benchmarking 7.12.4. Strategic Initiatives 7.13. NEC Corporation 7.13.1. Company Overview 7.13.2. Financial Performance 7.13.3. Product Benchmarking 7.13.4. Strategic Initiatives 7.14. Panasonic Corporation 7.14.1. Company Overview 7.14.2. Financial Performance 7.14.3. Product Benchmarking 7.14.4. Strategic Initiatives 7.15. Samsung SDI Company Limited 7.15.1. Company Overview 7.15.2. Financial Performance 7.15.3. Product Benchmarking 7.15.4. Strategic Initiatives 7.16. Sony Corporation 7.16.1. Company Overview 7.16.2. Financial Performance 7.16.3. Product Benchmarking 7.16.4. Strategic Initiatives 7.17. TCL Corporation 7.17.1. Company Overview 7.17.2. Financial Performance 7.17.3. Product Benchmarking 7.17.4. Strategic Initiatives 7.18. Toshiba Corporation 7.18.1. Company Overview 7.18.2. Financial Performance 7.18.3. Product Benchmarking 7.18.4. Strategic Initiatives 7.19. Shenzhen BAK Battery Company Limited 7.19.1. Company Overview 7.19.2. Financial Performance 7.19.3. Product Benchmarking 7.19.4. Strategic Initiatives 7.20. Huanyu New Energy Technology 7.20.1. Company Overview 7.20.2. Financial Performance 7.20.3. Product Benchmarking 7.20.4. Strategic Initiatives
List of Tables
1. Battery - Industry Summary & Key Buying Criteria 2. Battery - Key market driver analysis 3. Battery - Key market restraint analysis 4. Global battery market estimates and forecast by product, 2013 - 2024 (Revenue) 5. Global lead acid battery market estimates and forecast, 2013 - 2024 (USD Million) 6. Global lead acid battery market revenue estimates and forecast, by region,2013 - 2024 (USD Million) 7. Global lithium ion battery market estimates and forecast, 2013 - 2024 (USD Million) 8. Global lithium ion battery market revenue estimates and forecast, by region,2013 - 2024 (USD Million) 9. Global nickel cadmium battery market estimates and forecast, 2013 - 2024 (USD Million) 10. Global nickel cadmium battery market revenue estimates and forecast, by region, 2013 - 2024 (USD Million) 11. Global nickel metal hydride battery market estimates and forecast, 2013 - 2024 (USD Million) 12. Global nickel metal hydride battery market revenue estimates and forecast, by region,2013 - 2024 (USD Million) 13. Global other battery market estimates and forecast, 2013 - 2024 (USD Million) 14. Global other battery market revenue estimates and forecast, by region,2013 - 2024 (USD Million) 15. Global battery market estimates and forecast by application, 2013 - 2024 (Revenue) 16. Global battery market estimates and forecast in automobile, 2013 - 2024 (USD Million) 17. Global battery market revenue estimates and forecast in automobile, by region,2013 - 2024 (USD Million) 18. Global battery market estimates and forecast in industrial, 2013 - 2024 (USD Million) 19. Global battery market revenue estimates and forecast in industrial, by region,2013 - 2024 (USD Million) 20. Global battery market estimates and forecast in portable , 2013 - 2024 (USD Million) 21. Global battery market revenue estimates and forecast in portable, by region,2013 - 2024 (USD Million) 22. Global battery market estimates and forecast by region,2013 - 2024 (Revenue) 23. North America market estimates and forecast, 2013 - 2024 (USD Million) 24. North America market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 25. North America market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 26. U.S. market estimates and forecast, 2013 - 2024 (USD Million) 27. U.S. market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 28. U.S. market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 29. Europe market estimates and forecast, 2013 - 2024 (USD Million) 30. Europe market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 31. Europe market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 32. Germany market estimates and forecast, 2013 - 2024 (USD Million) 33. Germany market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 34. Germany market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 35. UK market estimates and forecast, 2013 - 2024 (USD Million) 36. UK flat glass market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 37. UK market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 38. Asia Pacific market estimates and forecast, 2013 - 2024 (USD Million) 39. Asia Pacific market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 40. Asia Pacific market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 41. China market estimates and forecast, 2013 - 2024 (USD Million) 42. China market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 43. China flat glass market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 44. Japan market estimates and forecast, 2013 - 2024 (USD Million) 45. Japan market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 46. Japan market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 47. Latin America market estimates and forecast, 2013 - 2024 (USD Million) 48. Latin America market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 49. Latin America market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 50. Brazil market estimates and forecast, 2013 - 2024 (USD Million) 51. Brazil market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 52. Brazil market revenue estimates and forecast by application, 2013 - 2024 (USD Million) 53. MEA market estimates and forecast, 2013 - 2024 (USD Million) 54. MEA market revenue estimates and forecast by product, 2013 - 2024 (USD Million) 55. MEA market revenue estimates and forecast by application, 2013 - 2024 (USD Million)


List of Figures
1. Battery Market Segmentation 2. Global battery market estimates and forecast, 2013 - 2024 3. Battery - Value Chain Analysis 4. Battery - Market dynamics 5. Key opportunities prioritized 6. Industry analysis - Porter's 7. Battery PESTEL analysis, 8. Global battery market volume share by product, 2015 & 2024 9. Global battery market volume share by application, 2015 & 2024 10. Global battery market volume share by region, 2015 & 2024

To request a free sample copy of this report, please complete the form below.

This website is secure and your personal details are safe. Privacy policy

Global alpha olefins market size is likely to be valued at USD 10.7 billion by 2020; as per a new research report by Radiant Insights, Inc. Increasing polyethylene demand for use in plastic production is anticipated to drive market growth. Growing ap

Read More...

Global electric water heaters market is expected to be valued at USD 29,322.4 million by 2022, as per a new research report by Radiant Insights, Inc. Escalating demand across extensive range of domestic applications is expected to drive demand. Evolv

Read More...

Global animal feed additives market size was estimated at USD 16 billion in 2014. Growing meat consumption as a key protein source, especially in Asia Pacific and Latin America is expected to be a key driver for market demand over the forecast period

Read More...

Global automotive ECU market is projected to be valued at USD 45.98 billion by 2020, as per a new research report by Radiant Insights, Inc. Rising use in infotainment systems coupled with high deployment in electric vehicles applications is expected

Read More...

Global LCP (Liquid Crystal Polymer) industry is forecasted to reach USD 1.23 billion by 2020, as per a new research report by Radiant Insights, Inc. Growing trend towards developing militarized components and connectors are likely to drive the demand

Read More...
Choose License Type
Single User - US $4950
Multi User - US $7950
Why Choose Us

24/5 Research support

Get your queries resolved from an industry expert. Request for a free product review before report purchase.

Phone: 1-415-349-0054

Toll Free: 1-888-928-9744

Email: [email protected]

Custom research service

Speak to the report author to design an exclusive study to serve your research needs.

Quality assurance

A testimonial for service excellence represented in the form of BBB "A" Accreditation.

Information security

Your personal and confidential information is safe and secure.

verify