Battery Market, By Type (Primary Battery and Secondary Battery), By Technology (Lead-acid Battery , Lithium-ion Battery, Nickel-metal Hydride Battery, Nickel-cadmium Battery, Nickelzinc Battery, Flow Battery, Sodiumsulfur Battery, Zinc-manganese Dioxide Battery, Small Sealed Lead-acid Battery , Other Technologies), By Application (Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Other Applications), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Global battery market has experienced significant growth in the past few years due to increasing demand for portable consumer electronics such as smartphones, laptops, and tablets. Batteries store chemical energy and make it available in an electrical form. These are an important source of power for a variety of devices and equipment which does not have access to electricity through other means. Key battery types include lead-acid batteries, lithium-ion batteries, and nickel-metal hydride batteries. Lead-acid batteries remain popular for automobile starter motors due to their relatively low cost while lithium-ion variants are used in consumer devices due to their higher energy density. The developments in battery technologies enabling higher energy capacity is expected to further expand the applications for batteries.
Market Dynamics:
Global battery market growth is driven by rising sales of electric vehicles that uses lithium-ion batteries, increasing penetration of renewable energy requiring battery storage solutions, and growing demand for portable consumer electronics. However, high costs of lithium-ion batteries used in electric vehicles and fluctuations in prices of raw materials such as lithium, cobalt, and nickel remain can hamper the market growth. Ongoing research and development in battery chemistries expand use cases such as in grid storage and for industrial applications presenting new opportunities. Governments around the world are also promoting electric mobility through financial incentives on purchase of EVs, creating a conducive market environment.
Key features of the study:
This report provides in-depth analysis of the global battery market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include CATL (Contemporary Amperex Technology Co Ltd), BYD Company Limited, Panasonic Corporation, LG Chem, Samsung SDI, SK Innovation, EVE Energy Co, Ltd, Tesla, AESC (Automotive Energy Supply Corporation), GS Yuasa Corporation, Coslight, Hitachi, Ltd , Johnson Controls International plc, Honeywell International Inc, Bosch Group, Varta AG, Pinnacle Electronics Inc, Microvast Holdings, Inc, Liontown Resources Limited, and Freudenberg Group .
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery market.
Market Segmentation
By Type
Primary Battery
Secondary Battery
By Technology
Lead-acid Battery
Lithium-ion Battery
Nickel-metal Hydride (NiMH) Battery
Nickel-cadmium (NiCD) Battery
Nickel–zinc (NiZn) Battery
Flow Battery
Sodium–sulfur (NAS) Battery
Zinc-manganese Dioxide Battery
Small Sealed Lead-acid Battery
Other Technologies
By Application
Automotive Batteries
Industrial Batteries
Portable Batteries
Power Tools Batteries
SLI Batteries
Other Applications
By Regional
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Key Players Insights
CATL (Contemporary Amperex Technology Co Ltd)
BYD Company Limited
Panasonic Corporation
LG Chem
Samsung SDI
SK Innovation
EVE Energy Co, Ltd
Tesla
AESC (Automotive Energy Supply Corporation)
GS Yuasa Corporation
Coslight
Hitachi, Ltd
Johnson Controls International plc
Honeywell International Inc
Bosch Group
Varta AG
Pinnacle Electronics Inc
Microvast Holdings, Inc
Liontown Resources Limited
Freudenberg Group
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Type
Market Snippet, By Power Output
Market Snippet, By Operation Type
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic
4. Global Residential Battery Market, By Type, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Lithium-ion Battery
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Lead-acid Battery
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
5. Global Residential Battery Market, By Power Output, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
3-6 kW
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
6-10 kW
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
10-20 kW
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
6. Global Residential Battery Market, By Operation Type, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019-2031
Segment Trends
Standalone Systems
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
Solar and Storage Systems
Introduction
Market Size and Forecast, 2019–2031, (US$ Billion)
7. Global Residential Battery Market, By Region, 2019-2031 (US$ Billion)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Power Output, 2019–2031 (US$ Billion)
Market Size and Forecast, By Operation Type, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Power Output, 2019–2031 (US$ Billion)
Market Size and Forecast, By Operation Type, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Power Output, 2019–2031 (US$ Billion)
Market Size and Forecast, By Operation Type, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Power Output, 2019–2031 (US$ Billion)
Market Size and Forecast, By Operation Type, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Type, 2019–2031 (US$ Billion)
Market Size and Forecast, By Power Output, 2019–2031 (US$ Billion)
Market Size and Forecast, By Operation Type, 2019–2031 (US$ Billion)
Market Share Analysis, By Country, 2024 and 2031 (%)
South Africa
GCC Countries
Rest of the Middle East and Africa
8. Competitive Landscape
Company Profiles
Amara Raja Batteries Ltd
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
BYD Co. Ltd
Delta Electronics Ltd
Duracell Inc.
Energizer Holding Inc.
FIMER SpA
LG Energy Solution Ltd
Luminous Power Technologies Pvt. Ltd
NEC Corporation
Panasonic Corporation
Samsung SDI Co. Ltd
Siemens AG
Tesla Inc.
9. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About us and Sales Contact
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