Battery Manufacturing in China - Industry Market Research Report

Battery Manufacturing in China - Industry Market Research Report

Battery Manufacturing in China

The Battery Manufacturing industry in China is dominated by foreign-funded companies. More than 50% of the assets of the industry's large-scale enterprises are owned by joint ventures or foreign enterprises, including ones based in Hong Kong, Macau and Taiwan. Japanese capital accounts for the majority of the industry's foreign capital. Promoted by strong development in various downstream industries including electronics manufacturing, new energy automobile manufacturing, electric power generation, and communications and information, industry revenue is expected to total $264.7 billion in 2023, up by 8.5% for the year and having grown by an annualized 7.4% over the five years through 2023. Domestic demand is expected to total $188.8 billion in 2023, up by 0.6% from the previous year.

The Battery Manufacturing industry comprises businesses that manufacture batteries and similar devices. A battery is an electrochemical device that provides a direct-current voltage source via chemical energy that can be converted into electrical energy. Key product segments include primary batteries and storage batteries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.