Battery Technology Market

Battery Technology Market by Lithium-ion Type (Lithium Cobalt Oxide, Li-Iron Phosphate), Lead-Acid Type (Flooded, Valve Regulated), Nickel Metal Hydride, Flow, Metal-Air, Nickel-Cadmium & Solid State Battery), Vertical, Region - Global Forecast to 2027

Report Code: SE 7558 Nov, 2022, by marketsandmarkets.com

Battery Technology Market

Battery Technology Market and Top Companie

CLARIOS (US)

Clarios, formerly known as Johnson Controls Power Solutions, is one of the leading advanced energy storage solution providers. Johnson Controls Power Solutions, the battery division of Johnson Controls International Inc., was acquired by Brookfield Business Partners and was renamed Clarios on May 1, 2019. The company offers automotive batteries globally under private labels and company brand names like Varta, Optima, LTH, Delkor, Baterias MAC, and Heliar. The company has a presence in more than 150 countries in North America, Europe, and the Asia Pacific. They focus on expanding their product portfolio to meet the varying needs of its customers across various end-use applications. For instance, in April 2019, Clarios announced its novel VARTA Silver Dynamic Auxiliary battery range in the European market, and, in March 2019, it introduced its new VARTA Powersports batteries for motorcycle and leisure applications.

Panasonic Corporation (Japan)

Panasonic is a multinational conglomerate comprising 582 consolidated companies across the world. The company operates through four business segments: Appliances, Eco Solutions, Connected Solutions, and Automotive & Industrial Systems. The batteries & energy products subdivision produces a vast array of rechargeable and non-rechargeable batteries for industrial use, including lead-acid, lithium-ion, nickel-metal hydride, nickel-cadmium, coin, lithium, and alkaline technologies. The company focuses on inorganic strategies such as joint ventures and collaborations to target emerging and rapidly growing markets. For instance, in January 2019, it agreed to establish a joint venture with Toyota Motor Corporation related to the automatic prismatic battery business. The company plans to refine its batteries for the automotive segment and focus on the Chinese market, where it has growth potential for EVs and commercial and passenger vehicles.

Samsung SDI (South Korea)

Samsung SDI, a unit of the Samsung group, manufactures secondary cells and plasma display panels. The company started its secondary Li-ion battery business in 2000; since then, Li-ion battery manufacturing has become its core business. SDI operates in two major business segments: Energy Solutions and Electronics Materials. The Energy Solutions segment includes small-sized li-on batteries, automotive batteries, and ESS (Energy Storage System) products, while the Electronics Materials segment includes semiconductors and display materials products. Samsung SDI has a strong market position in the battery technology market. The company undertakes intensive R&D activities to improve the performance of existing materials, develop new and innovative materials, and enhance the efficiency of secondary cells. It invested 6.6% of the total revenue in 2018 in R&D activities.

GS Yuasa (Japan)

GS Yuasa is one of the leading players in the global battery technology market. The company manufactures and supplies power supply systems, lighting equipment, batteries, and other specialty electrical equipment. GS Yuasa operates through five business segments—Automotive Batteries (Japan), Automotive Batteries (Overseas), Industrial Batteries & Power Supplies, Automotive Lithium-ion Batteries, and Others.

The company’s Automotive Batteries business deals with lead-acid batteries for automobiles and motorcycles. The Industrial Batteries and Power Supplies business offers lead-acid and lithium-ion batteries for industrial applications and power supply devices in the global market. The Automotive Lithium-ion Batteries segment deals with lithium-ion batteries for vehicles. The others business segment offers lithium-ion batteries for manned research submersibles, rockets, and satellites. s

Chaowei Power (China)

Chaowei Power is a battery manufacturer that focuses primarily on motive lead-acid batteries, lithium-ion batteries, and related products. The company operates in four major business segments—Electric Bike Battery, Electric Vehicle Battery & Special-Purpose Electric Vehicle Battery, Li-ion Battery, and Others. The company offers lead-acid batteries largely for electric bikes, electric trickle batteries, and special-purpose electric vehicle batteries, with the electric bike battery segment being the major revenue generator.


Battery Technology Market and Top Application

Transportation

There is a rise in the demand for EVs owing to environmental concerns and awareness about clean and sustainable fuel, Government initiatives and environmental norms and emission regulations support the adoption of EVs around the world. This has resulted in increased demand for Li-ion and Ni-Mh batteries, which provide high thermal stability, high energy, and power density and are safe to be used in electric vehicles.

Industrial

Batteries are used for network backups in telecom and data centres, power backups in the oil & gas industry, backups for large medical equipment, and several other industrial applications. There is a growing demand for continuous and high-quality power supply in industrial sectors. Batteries are required for UPS systems, which act as a source of standby power or emergency power depending on the nature of critical loads.

Power & utilities

The power & utilities industry is working on generating renewable energy and storing it for multiple uses. Smart grid technology is used to produce, control, and distribute using sored energy. Attributes such as low cost, less space required for installation, and low self-discharge rate are some of the driving factors for the adoption of batteries in smart grid and renewable energy storage systems.

Consumer Electronics

Manufacturers of consumer electronic products such as cameras, tablets, laptops, wearable devices, and mobile phones are dealing with rapid technological changes. Smartphones have become an integral part of everyday life owing to the number of functionalities available in these devices. Consumer electronic products are highly dependent on portable power sources to ensure reliability and better performance. Currently, environment-friendly Li-ion batteries are preferred over Ni-Cd and Ni-MH batteries for consumer electronics because of their high energy density and less recharge time.

Commercial & Residential

Batteries are used as an emergency power source for residential buildings such as condominia, cooperative societies, and single-family homes. They store power generated from various sources in peak production hours, leading to less wastage of energy. Batteries also help store energy for commercial buildings such as municipalities, government buildings, and small- and large-scale organizations.


Battery Technology Market and Top Technologies

Lithium-Ion Battery

The Lithium-Ion battery market is the largest due to the application of these batteries in consumer electronics, which accounts for the major share of the overall lithium-ion battery market. Lithium-Ion batteries have a high energy density, making them suitable power sources for consumer electronics. The transportation application has also dominated the lithium-ion battery market. Electric vehicles require high capacity and high power, which can be provided by NMC batteries

Lead-Acid Battery

Lead-acid batteries are extensively used for telecommunication, UPS, and automotive applications, as well as for several other purposes in the utilities, marine, manufacturing, chemical, and pharmaceutical industries, among others. The decomposition process of Lead-acid batteries is less cumbersome compared to other battery storage systems. Lead-acid batteries mostly cater to the backup power needs of this particular industry and are used to provide Uninterruptible Power Supply (UPS)

Nickel Metal Hydride

Nickel-metal hydride (NiMH) batteries have a higher capacity, less toxicity, and are more cost-efficient than nickel–cadmium batteries. These batteries can be used in a wide range of environments and in various applications such as mobile devices, automobiles, electrically powered devices, and backup equipment. NiMH batteries have a long life, are small in size, and lightweight, thus helping

 

[254 Pages Report] The global battery technology market size is expected to grow from USD 95.7 billion in 2022 to USD 136.6 billion by 2027, at a CAGR of 7.4%. The rising adoption of batteries in hybrid electric vehicles and electric vehicles as well as rising installation of various batteries in utility vertical is driving the growth of the battery technology market. Moreover, data centers highly required advanced batteries and various manufacturers are undertaking research and development to develop durable and safer batteries which is also expected to drive the growth of the market in the near future.

Battery Technology Market

Battery Technology Market Forecast to 2027

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Battery Technology Market Dynamics

DRIVERS: Increasing advancements in smart electronic devices

The rise in the availability of electricity and connectivity worldwide has significantly increased dependence upon technology. Lithium-ion batteries are utilized in various devices such as gardening tools, material-handling equipment, consumer electronics, and uninterruptible power supply systems. Lithium-ion batteries have high energy capacities and can be shaped according to any device. The IoT has gained popularity and is powering various smart devices. IoT devices include smartwatches, fitness trackers, and smart speakers. These devices require durable battery life; thus, lithium-ion batteries are highly utilized in these smart devices. These smart devices have long lifespans and therefore require rechargeable batteries.

RESTRAINT: Rising concern regarding storage and transportation of spent batteries

Spent batteries contain hazardous chemicals, including acids and heavy metals—mercury and lead. According to Environmental Protection Agency Report, there have been 254 fire incidents at 64 water facilities due to lithium metal or lithium-ion batteries. It is mandatory to keep spent batteries in watertight containers and store them away from other flammable and combustible materials. It is also important to keep a Class D extinguisher and sand nearby as a precautionary measure in the event of a fire.

OPPORTUNITIES: Increasing research and development for advancements in batteries

Various manufacturers undertake research and development to develop durable and safer batteries. As the world is moving toward adopting clean energy, there has been a significant increase in the R&D initiatives undertaken by battery manufacturers for developing different battery chemistries. For instance, major players such as Amprius Inc. (US) and Nexeon Corporation (UK) are developing silicon anode batteries with enhanced features. These advanced silicon anode batteries are expected to be adopted in different industries and sectors in the coming years.

CHALLENGES: High cost of battery-operated industrial vehicles

Automated and customized industrial battery-operated mining vehicles, material-handling equipment, AGVs, and forklifts have high manufacturing and installation costs. Industrial vehicles require high energy capacity to be operational anytime and over a long period. The high installation cost is one of the major factors preventing manufacturers from entering the cost-conscious market.

Lithium-ion batteries are most extensively used in consumer electronic and automotive verticals in 2021

Lithium-ion batteries primarily find applications in the automotive and consumer electronics verticals for smartphones, laptops, tablets, wearable devices, and other home applications. Electric vehicles are the future of the automotive and transportation verticals. The growing use of plug-in hybrid electric vehicles (PHEVs) worldwide is likely to fuel the demand for lithium-ion batteries during the forecast period. Lithium-ion batteries also find applications in many portable devices and industrial equipment. They can be easily customized according to the requirements, and the use of new anode material has made these batteries more energy efficient. Manufacturers are conducting research to make lithium-ion batteries compatible with advanced products.

Transportation segment dominated the battery technology market in 2021

The transportation segment is expected to dominate the battery technology market in 2021. Lead-acid and nickel-cadmium batteries are highly preferred in transportation, especially in passenger cars, light commercial cars, heavy commercial vehicles, forklifts, and aircraft, as these batteries are easily recyclable. The transportation vertical requires a reliable power supply so that communication, control, signaling, and passenger safety are not compromised. Nickel-cadmium batteries are ideally suitable to provide long and reliable power and operations in temperature extremes.

Asia Pacific is expected to be the leading region in the battery technology market during the forecast period

Asia Pacific accounted for a share of more than 40% of the battery technology market and is expected to witness the highest CAGR during the forecast period. Developing countries in the region, such as China and India, provide lucrative growth opportunities to the battery technology market. The presence of several electronic manufacturers such as Panasonic Holdings Corporation (Japan), SAMSUNG SDI CO., LTD. (South Korea), Contemporary Amperex Technology Co., Limited. (China), BYD Auto Co., Ltd. (China), and LG Chem (South Korea) is expected to be the key factor fueling the growth of the Asia Pacific battery technology market. Recently, the region has emerged as a hub for automobile manufacturing companies. Besides, it is likely to become an attractive place for investors in the automotive and electronics market, which, in turn, will boost the growth of the battery technology market in the next few years.

Battery Technology Market by Region

Battery Technology Market by Region

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Key Market Players

The battery technology market is dominated by a few globally established players such as LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corporation (Japan), and Contemporary Amperex Technology Co., Ltd. (China).

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2018–2027

Base Year

2021

Forecast Period

2022–2027

Units

Value (USD Million/Billion)

Segments Covered

Control Technology, Technology Type, and Vertical

Geographic Regions Covered

North America, Europe, Asia Pacific, and Rest of the World

Companies Covered

Major Players: LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corporation (Japan), and Contemporary Amperex Technology Co., Ltd. (China), among others - total 25 players have been covered

Battery Technology Market Highlights

This research report segments the battery technology market based on control technology, technology type, vertical, and region.

Report Metric

Details

By Control Technology:

  • Battery Chargers
  • Battery Conditioners
  • Smart Battery System

By Technology Type:

  • Lithium-ion Battery
    • Lithium Nickel Manganese Cobalt
    • Lithium Iron Phosphate
    • Lithium Cobalt Oxide
    • Lithium Titanate Oxide
    • Lithium Manganese Oxide
    • Lithium Nickel Cobalt Aluminum Oxide
  • Lead-acid Battery
    • Flooded Lead-acid Battery
    • Valve Regulated Lead Acid (VRLA) Battery
  • Nickel Metal Hydride Battery
  • Other

By Vertical:

  • Aerospace
  • Automotive
  • Commercial
  • Consumer Electronics
  • Healthcare
  • Industrial
  • Marine
  • Power & Utility
  • Residential
  • Transportation
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW

Recent Developments

  • In June 2022, Contemporary Amperex Technology Co., Ltd. has launched its new cell-to-pack battery Qilin, with record-breaking volume utilization efficiency of 72% and energy density of up to 255 Wh/Kg. This is the highest achievable integration level around the globe.
  • In October 2021, LG Energy Solution, a subsidiary operated by LG Chem, entered a memorandum of understanding with Stellantis N.V. to form a joint venture to produce battery cells and modules for North America. This joint venture will help Stellantis N.V. achieve a 40% of the company’s sales of electrified vehicles by 2030 in the US. The batteries produced in this plant will be supplied to assembly plants of Stellantis N.V. in the US, Canada, and Mexico for installation in next-generation EVs.
  • In April 2021, Hitachi Ltd. developed an organic solid electrolyte to reduce the life cycle cost of Lithium-ion batteries. These batteries are needed for electric vehicles, stationary use, etc., as it is safe, compact, and long life.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 BATTERY TECHNOLOGY MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
           FIGURE 2 BATTERY TECHNOLOGY MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Key data from primary sources
                    2.1.3.3 Key industry insights
                    2.1.3.4 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE): REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/SERVICES RELATED TO LITHIUM-ION BATTERIES
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down analysis
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 6 BATTERY TECHNOLOGY MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
    2.5 LIMITATIONS AND RISK ASSESSMENT
           TABLE 1 LIMITATIONS AND RISKS

3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 7 LITHIUM-ION BATTERY SEGMENT TO REGISTER HIGHEST CAGR, BY TECHNOLOGY TYPE, IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
    FIGURE 8 TRANSPORTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE, BY VERTICAL, IN 2022
    FIGURE 9 ASIA PACIFIC BATTERY TECHNOLOGY MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN BATTERY TECHNOLOGY MARKET
           FIGURE 10 EXPANDING ASIA PACIFIC CONSUMER ELECTRONICS MARKET
    4.2 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
           FIGURE 11 LEAD-ACID BATTERY SEGMENT TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET IN 2022
    4.3 BATTERY TECHNOLOGY MARKET, BY TYPE
           FIGURE 12 SOLID-STATE BATTERY SEGMENT TO REGISTER HIGHEST CAGR IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
    4.4 BATTERY TECHNOLOGY MARKET, BY VERTICAL
           FIGURE 13 TRANSPORTATION SEGMENT TO DOMINATE BATTERY TECHNOLOGY MARKET IN 2022
    4.5 BATTERY TECHNOLOGY MARKET, BY REGION
           FIGURE 14 ASIA PACIFIC TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET BY 2027

5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 15 BATTERY TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Increasing demand for electric and hybrid electric vehicles
                               FIGURE 16 GLOBAL ELECTRIC CAR SALES IN NET ZERO SCENARIO, 2020–2030
                    5.2.1.2 Growing adoption of battery technology in renewable energy industry
                    5.2.1.3 Rising demand for battery-operated material-handling equipment and automation in various industries
                    5.2.1.4 Increasing installation of batteries in utility sector
                    5.2.1.5 Increasing advancements in smart electronic devices
                               FIGURE 17 BATTERY TECHNOLOGY MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 Rising concern regarding storage and transportation of spent batteries
                               FIGURE 18 BATTERY TECHNOLOGY MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising requirement for advanced batteries in data centers
                    5.2.3.2 Developments in wearable devices
                    5.2.3.3 Increasing research and development for advancements in batteries
                               FIGURE 19 BATTERY TECHNOLOGY MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 High cost of battery-operated industrial vehicles
                               FIGURE 20 BATTERY TECHNOLOGY MARKET: CHALLENGES AND THEIR IMPACTS
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 21 BATTERY TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM ANALYSIS
           FIGURE 22 BATTERY TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
           TABLE 2 BATTERY TECHNOLOGY MARKET: ECOSYSTEM ANALYSIS
    5.5 PRICING ANALYSIS
           FIGURE 23 AVERAGE BATTERY PACK PRICE (USD/KWH), 2011–2021
           FIGURE 24 BATTERY TECHNOLOGY: COST BREAKDOWN
           FIGURE 25 AVERAGE SELLING PRICE OF BATTERIES OFFERED BY THREE KEY PLAYERS, BY TECHNOLOGY TYPE
           TABLE 3 AVERAGE SELLING PRICE OF BATTERIES OFFERED BY THREE KEY PLAYERS, BY TECHNOLOGY TYPE (USD)
    5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
           FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO BATTERY TECHNOLOGY MARKET
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 MULTI-VALENT BATTERIES
           5.7.2 LITHIUM METAL BATTERIES
           5.7.3 LITHIUM-SULFUR BATTERIES
           5.7.4 SODIUM-SULFUR BATTERIES
           5.7.5 COBALT-FREE BATTERIES
           5.7.6 METAL-AIR BATTERIES
           5.7.7 ZINC-AIR BATTERIES
           5.7.8 LIQUID-METAL BATTERIES
           5.7.9 POTASSIUM METAL BATTERIES
           5.7.10 ZINC-MANGANESE BATTERIES
           5.7.11 GOLD NANOWIRE GEL ELECTROLYTE BATTERIES
           5.7.12 FUEL CELLS
                    5.7.12.1 Proton exchange membrane fuel cells
                    5.7.12.2 Alkaline fuel cells
                    5.7.12.3 Phosphoric acid fuel cells
                    5.7.12.4 Solid oxide fuel cells
                    5.7.12.5 Molten carbonate fuel cells
                    5.7.12.6 Direct methanol fuel cells
           5.7.13 NUCLEAR BATTERIES
           5.7.14 ULTRACAPACITORS
           5.7.15 ALUMINUM-ION BATTERIES
    5.8 PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 BATTERY TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS (2021)
           5.8.1 BARGAINING POWER OF SUPPLIERS
           5.8.2 BARGAINING POWER OF BUYERS
           5.8.3 THREAT OF NEW ENTRANTS
           5.8.4 THREAT OF SUBSTITUTES
           5.8.5 INTENSITY OF COMPETITIVE RIVALRY
    5.9 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS
                     TABLE 5 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE VERTICALS (%)
           5.9.2 BUYING CRITERIA
                     FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE VERTICALS
                     TABLE 6 KEY BUYING CRITERIA FOR TOP 3 VERTICALS
    5.10 CASE STUDY ANALYSIS
           5.10.1 TESLA PROVIDED 150 MW/300 MWH LITHIUM-ION BATTERY STORAGE FACILITY FOR ENERGY GRID IN AUSTRALIA
           5.10.2 NEXCHARGE AND TATA POWER DELHI DISTRIBUTION (TPDDL) COLLABORATED TO LAUNCH GRID-CONNECTED LITHIUM-ION BATTERY ENERGY STORAGE SYSTEM
           5.10.3 INSTALLATION OF ADVANCED LEAD-ACID BATTERY IN SOLAR PV PLANT
           5.10.4 DEVELOPMENT OF VANADIUM FLOW BATTERY BY INVINITY ENERGY SYSTEMS
    5.11 TRADE ANALYSIS
           FIGURE 29 IMPORT DATA FOR HS CODE 8506, BY KEY COUNTRY, 2017–2021 (USD MILLION)
           FIGURE 30 EXPORT DATA FOR HS CODE 8506, BY KEY COUNTRY, 2017–2021 (USD MILLION)
    5.12 PATENT ANALYSIS
           FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS DURING LAST 10 YEARS
           FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2011–2021
           TABLE 7 TOP PATENT OWNERS IN LAST 10 YEARS
           TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS
    5.13 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 9 BATTERY TECHNOLOGY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.14 TARIFF AND REGULATORY LANDSCAPE
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 REGULATION AND STANDARDS
                     TABLE 14 BATTERY TECHNOLOGY MARKET: REGULATIONS AND STANDARDS

6 BATTERY TECHNOLOGY MARKET, BY CONTROL TECHNOLOGY (Page No. - 93)
    6.1 INTRODUCTION
           FIGURE 33 BATTERY TECHNOLOGY MARKET, BY CONTROL TECHNOLOGY
    6.2 BATTERY CHARGERS
    6.3 BATTERY CONDITIONERS
    6.4 SMART BATTERY SYSTEMS

7 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE (Page No. - 95)
    7.1 INTRODUCTION
           FIGURE 34 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
           FIGURE 35 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE
           TABLE 15 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
           TABLE 16 BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
           TABLE 17 OTHERS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
           TABLE 18 OTHERS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    7.2 LITHIUM-ION BATTERY
           7.2.1 INCREASING DEPLOYMENT OF LITHIUM-ION BATTERIES IN PORTABLE ELECTRONICS AND ELECTRIC VEHICLES
           7.2.2 LITHIUM NICKEL MANGANESE COBALT
                    7.2.2.1 Growing use of lithium nickel manganese cobalt batteries in electric vehicles
           7.2.3 LITHIUM IRON PHOSPHATE
                    7.2.3.1 Growing adoption of high-power devices
                               FIGURE 36 PERFORMANCE PARAMETERS OF LFP BATTERIES
           7.2.4 LITHIUM COBALT OXIDE
                    7.2.4.1 Rising adoption of lithium cobalt oxide batteries in consumer electronics
           7.2.5 LITHIUM TITANATE OXIDE
                    7.2.5.1 Increased use of lithium titanate oxide batteries in electric vehicles due to high performance under low temperatures
           7.2.6 LITHIUM MANGANESE OXIDE
                    7.2.6.1 Rising applications of lithium manganese oxide batteries in power tools, medical instruments, and hybrid electric vehicles
           7.2.7 LITHIUM NICKEL COBALT ALUMINUM OXIDE
                    7.2.7.1 Rising adoption of lithium nickel cobalt aluminum oxide batteries in high energy density applications
                               TABLE 19 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
                               TABLE 20 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
                               TABLE 21 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
                               TABLE 22 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2022–2027 (USD MILLION)
                               TABLE 23 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
                               TABLE 24 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)
                               TABLE 25 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 26 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 27 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 28 LITHIUM-ION BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 LEAD-ACID BATTERY
           7.3.1 GROWING USE OF LEAD-ACID BATTERIES TO PROVIDE UNINTERRUPTED POWER SUPPLY
           7.3.2 FLOODED LEAD-ACID BATTERY
                    7.3.2.1 Increasing use of flooded lead-acid batteries in static applications
           7.3.3 VALVE-REGULATED LEAD-ACID BATTERY
                    7.3.3.1 Rising demand for valve-regulated lead-acid batteries in transportation vertical
                               TABLE 29 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY CONSTRUCTION METHOD, 2018–2021 (USD MILLION)
                               TABLE 30 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY CONSTRUCTION METHOD, 2022–2027 (USD MILLION)
                               TABLE 31 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
                               TABLE 32 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY, 2022–2027 (USD MILLION)
                               TABLE 33 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                               TABLE 34 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                               TABLE 35 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 36 LEAD-ACID BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.4 NICKEL-METAL HYDRIDE
           7.4.1 RISING ADOPTION OF NICKEL-METAL HYDRIDE BATTERIES IN AUTOMOTIVE VERTICAL
                    TABLE 37 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 38 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 39 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 40 NICKEL-METAL HYDRIDE BATTERY: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.5 OTHERS
           7.5.1 FLOW BATTERY
           7.5.2 METAL-AIR BATTERY
           7.5.3 NICKEL-CADMIUM BATTERY
           7.5.4 SOLID-STATE BATTERY
                    TABLE 41 OTHERS: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 42 OTHERS: BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                    TABLE 43 OTHERS: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 44 OTHERS: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 45 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 46 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 47 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY MATERIAL, 2018–2021 (USD MILLION)
                    TABLE 48 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY MATERIAL, 2022–2027 (USD MILLION)
                    TABLE 49 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY STORAGE, 2018–2021 (USD MILLION)
                    TABLE 50 FLOW BATTERY: BATTERY TECHNOLOGY MARKET, BY STORAGE, 2022–2027 (USD MILLION)
                    TABLE 51 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 52 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 53 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY BLOCK BATTERY CONSTRUCTION, 2018–2021 (USD MILLION)
                    TABLE 54 NICKEL-CADMIUM BATTERY: BATTERY TECHNOLOGY MARKET, BY BLOCK BATTERY CONSTRUCTION, 2022–2027 (USD MILLION)
                    TABLE 55 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY METAL, 2018–2021 (USD MILLION)
                    TABLE 56 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY METAL, 2022–2027 (USD MILLION)
                    TABLE 57 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2018–2021 (USD MILLION)
                    TABLE 58 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY VOLTAGE, 2022–2027 (USD MILLION)
                    TABLE 59 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 60 METAL-AIR BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 61 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 62 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                    TABLE 63 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2018–2021 (USD MILLION)
                    TABLE 64 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY TYPE, 2022–2027 (USD MILLION)
                    TABLE 65 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CHARGEABILITY, 2018–2021 (USD MILLION)
                    TABLE 66 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CHARGEABILITY, 2022–2027 (USD MILLION)
                    TABLE 67 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
                    TABLE 68 SOLID-STATE BATTERY: BATTERY TECHNOLOGY MARKET, BY CAPACITY, 2022–2027 (USD MILLION)

8 BATTERY TECHNOLOGY MARKET, BY VERTICAL (Page No. - 120)
    8.1 INTRODUCTION
           FIGURE 37 BATTERY TECHNOLOGY MARKET, BY VERTICAL
           FIGURE 38 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR IN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
           TABLE 69 BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
           TABLE 70 BATTERY TECHNOLOGY MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
    8.2 AEROSPACE
           8.2.1 RISING DEMAND FOR BACKUP POWER SUPPLIES AND EMERGENCY LIGHTING SYSTEMS
                    TABLE 71 AEROSPACE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 72 AEROSPACE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.3 AUTOMOTIVE
           8.3.1 INCREASING DEMAND FOR ELECTRIC VEHICLES
                    TABLE 73 AUTOMOTIVE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 74 AUTOMOTIVE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.4 COMMERCIAL
           8.4.1 RISE IN ENERGY CONSUMPTION IN COMMERCIAL SECTOR
                    TABLE 75 COMMERCIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 76 COMMERCIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.5 CONSUMER ELECTRONICS
           8.5.1 GROWING ADOPTION OF LITHIUM-ION BATTERIES IN VARIOUS PORTABLE ELECTRONICS
                    TABLE 77 CONSUMER ELECTRONICS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 78 CONSUMER ELECTRONICS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.6 HEALTHCARE
           8.6.1 GROWING ADOPTION OF LI-ION AND NI-CD BATTERIES IN VARIOUS MEDICAL EQUIPMENT
                    TABLE 79 HEALTHCARE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 80 HEALTHCARE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.7 INDUSTRIAL
           8.7.1 SURGING DEMAND FOR BACKUP POWER SOLUTIONS IN INDUSTRIAL SECTOR
                    TABLE 81 INDUSTRIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 82 INDUSTRIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.8 MARINE
           8.8.1 RISING ADOPTION OF WORKBOATS, FERRIES, OFFSHORE SUPPORT, CRUISE, AND CARGO SHIPS
                    TABLE 83 MARINE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 84 MARINE: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.9 POWER & UTILITY
           8.9.1 GROWING USE OF RENEWABLE ENERGY
                    TABLE 85 POWER & UTILITY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 86 POWER & UTILITY: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.10 RESIDENTIAL
           8.10.1 INCREASING ADOPTION OF BATTERIES AS EMERGENCY POWER SOURCES BY HOMEOWNERS
                    TABLE 87 RESIDENTIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 88 RESIDENTIAL: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.11 TRANSPORTATION
           8.11.1 GROWING DEMAND FOR EFFICIENT AND COST-EFFECTIVE TRANSPORTATION
                    TABLE 89 TRANSPORTATION: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
                    TABLE 90 TRANSPORTATION: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)
    8.12 OTHERS
           TABLE 91 OTHER VERTICALS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2018–2021 (USD MILLION)
           TABLE 92 OTHER VERTICALS: BATTERY TECHNOLOGY MARKET, BY TECHNOLOGY TYPE, 2022–2027 (USD MILLION)

9 BATTERY TECHNOLOGY MARKET, BY REGION (Page No. - 135)
    9.1 INTRODUCTION
           FIGURE 39 BATTERY TECHNOLOGY MARKET, BY REGION
           FIGURE 40 REGIONAL SNAPSHOT OF BATTERY TECHNOLOGY MARKET, 2022–2027
           TABLE 93 BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 94 BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 41 NORTH AMERICA: BATTERY TECHNOLOGY MARKET SNAPSHOT
           FIGURE 42 US TO DOMINATE NORTH AMERICAN BATTERY TECHNOLOGY MARKET IN 2022
           TABLE 95 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 96 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Rising adoption of batteries in automotive, transportation, and power & utility verticals
           9.2.2 CANADA
                    9.2.2.1 Increasing investments in automotive vertical
           9.2.3 MEXICO
                    9.2.3.1 Availability of low-cost labor, electricity, and necessary infrastructure
    9.3 EUROPE
           FIGURE 43 EUROPE: BATTERY TECHNOLOGY MARKET SNAPSHOT
           FIGURE 44 GERMANY TO DOMINATE EUROPEAN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
           TABLE 97 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 98 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Rising demand for electric vehicles
           9.3.2 GERMANY
                    9.3.2.1 Rising demand for battery technology from electric vehicle (EV) manufacturers
           9.3.3 FRANCE
                    9.3.3.1 Rising adoption of renewable energy sources
           9.3.4 REST OF EUROPE
    9.4 ASIA PACIFIC
           FIGURE 45 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET SNAPSHOT
           FIGURE 46 INDIA TO REGISTER HIGHEST CAGR IN ASIA PACIFIC BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD
           TABLE 99 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 100 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Rising demand for batteries in various applications
           9.4.2 JAPAN
                    9.4.2.1 Large presence of battery giants
           9.4.3 INDIA
                    9.4.3.1 Expanding consumer electronics and automotive markets
           9.4.4 REST OF ASIA PACIFIC
    9.5 ROW
           FIGURE 47 SOUTH AMERICA TO DOMINATE ROW BATTERY TECHNOLOGY MARKET IN 2022
           TABLE 101 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 102 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2022–2027 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Rising adoption of batteries in electric vehicles
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Growing adoption of renewable energy sources

10 COMPETITIVE LANDSCAPE (Page No. - 153)
     10.1 INTRODUCTION
             TABLE 103 KEY DEVELOPMENTS IN BATTERY TECHNOLOGY MARKET (2019–2022)
     10.2 REVENUE ANALYSIS OF TOP COMPANIES
             FIGURE 48 LITHIUM-ION BATTERY MARKET: REVENUE ANALYSIS (2021)
     10.3 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2021
             TABLE 104 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION
     10.4 COMPANY EVALUATION QUADRANT, 2021
             10.4.1 STARS
             10.4.2 EMERGING LEADERS
             10.4.3 PERVASIVE PLAYERS
             10.4.4 PARTICIPANTS
                        FIGURE 49 LITHIUM-ION BATTERY MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     10.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2021
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                         FIGURE 50 LITHIUM-ION BATTERY MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021
     10.6 LITHIUM-ION BATTERY MARKET: COMPANY FOOTPRINT
             TABLE 105 COMPANY PRODUCT FOOTPRINT
             TABLE 106 COMPANY VERTICAL FOOTPRINT
             TABLE 107 COMPANY REGIONAL FOOTPRINT
             TABLE 108 COMPANY FOOTPRINT
     10.7 COMPETITIVE BENCHMARKING
             TABLE 109 LITHIUM-ION BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 110 LITHIUM-ION BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.8 COMPETITIVE SCENARIOS AND TRENDS
             10.8.1 PRODUCT LAUNCHES
                        TABLE 111 BATTERY TECHNOLOGY MARKET: PRODUCT LAUNCHES, SEPTEMBER 2019–JUNE 2022
             10.8.2 DEALS
                        TABLE 112 BATTERY TECHNOLOGY MARKET: DEALS, MAY 2019–JUNE 2022
             10.8.3 OTHERS
                        TABLE 113 BATTERY TECHNOLOGY MARKET: OTHERS, SEPTEMBER 2020–MAY 2022

11 COMPANY PROFILES (Page No. - 179)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) * 
     11.1 KEY PLAYERS
             11.1.1 BAK POWER BATTERY CO., LTD.
                        TABLE 114 BAK POWER BATTERY CO., LTD.: COMPANY OVERVIEW
                        TABLE 115 BAK POWER BATTERY CO., LTD.: PRODUCT OFFERINGS
             11.1.2 BYD COMPANY LTD.
                        TABLE 116 BYD COMPANY LTD.: COMPANY OVERVIEW
                        FIGURE 51 BYD COMPANY LTD.: COMPANY SNAPSHOT
                        TABLE 117 BYD COMPANY LTD.: PRODUCT OFFERINGS
             11.1.3 CHAOWEI POWER HOLDINGS LIMITED
                        TABLE 118 CHAOWEI POWER HOLDINGS LIMITED: COMPANY OVERVIEW
                        FIGURE 52 CHAOWEI POWER HOLDINGS LIMITED: COMPANY SNAPSHOT
                        TABLE 119 CHAOWEI POWER HOLDINGS LIMITED: PRODUCT OFFERINGS
             11.1.4 CLARIOS
                        TABLE 120 CLARIOS: COMPANY OVERVIEW
                        TABLE 121 CLARIOS: PRODUCT OFFERINGS
             11.1.5 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.
                        TABLE 122 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                        FIGURE 53 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
                        TABLE 123 CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD.: PRODUCT OFFERINGS
             11.1.6 ENERSYS
                        TABLE 124 ENERSYS: COMPANY OVERVIEW
                        FIGURE 54 ENERSYS: COMPANY SNAPSHOT
                        TABLE 125 ENERSYS: PRODUCT OFFERINGS
             11.1.7 GS YUASA INTERNATIONAL LTD.
                        TABLE 126 GS YUASA INTERNATIONAL LTD.: COMPANY OVERVIEW
                        FIGURE 55 GS YUASA INTERNATIONAL LTD.: COMPANY SNAPSHOT
                        TABLE 127 GS YUASA INTERNATIONAL LTD.: PRODUCT OFFERINGS
             11.1.8 HITACHI LTD.
                        TABLE 128 HITACHI LTD.: COMPANY OVERVIEW
                        FIGURE 56 HITACHI LTD.: COMPANY SNAPSHOT
                        TABLE 129 HITACHI LTD.: PRODUCT OFFERINGS
             11.1.9 LG CHEM
                        TABLE 130 LG CHEM: COMPANY OVERVIEW
                        FIGURE 57 LG CHEM: COMPANY SNAPSHOT
                        TABLE 131 LG CHEM: PRODUCT OFFERINGS
             11.1.10 PANASONIC HOLDINGS CORPORATION
                        TABLE 132 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW
                        FIGURE 58 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
                        TABLE 133 PANASONIC HOLDINGS CORPORATION: PRODUCT OFFERINGS
             11.1.11 POWER SONIC CORPORATION
                        TABLE 134 POWER SONIC CORPORATION: COMPANY OVERVIEW
                        TABLE 135 POWER SONIC CORPORATION.: PRODUCT OFFERINGS
             11.1.12 SAMSUNG SDI CO. LTD.
                        TABLE 136 SAMSUNG SDI CO. LTD.: COMPANY OVERVIEW
                        FIGURE 59 SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT
                        TABLE 137 SAMSUNG SDI CO. LTD.: PRODUCT OFFERINGS
             11.1.13 TOSHIBA CORPORATION
                        TABLE 138 TOSHIBA CORPORATION: COMPANY OVERVIEW
                        FIGURE 60 TOSHIBA CORPORATION: COMPANY SNAPSHOT
                        TABLE 139 TOSHIBA CORPORATION: PRODUCT OFFERINGS
             11.1.14 TESLA, INC.
                        TABLE 140 TESLA, INC.: COMPANY OVERVIEW
                        FIGURE 61 TESLA, INC.: COMPANY SNAPSHOT
                        TABLE 141 TESLA, INC.: PRODUCT OFFERINGS
             11.1.15 HBL POWER SYSTEMS LIMITED
                        TABLE 142 HBL POWER SYSTEMS LIMITED: COMPANY OVERVIEW
                        FIGURE 62 HBL POWER SYSTEMS LIMITED: COMPANY SNAPSHOT
                        TABLE 143 HBL POWER SYSTEMS LIMITED: PRODUCT OFFERINGS
     11.2 OTHER PLAYERS
             11.2.1 AMPEREX TECHNOLOGY LIMITED
             11.2.2 DURACELL
             11.2.3 EAST PENN MANUFACTURING
             11.2.4 ENERDEL, INC.
             11.2.5 ENERGIZER HOLDINGS
             11.2.6 EXIDE INDUSTRIES
             11.2.7 EXIDE TECHNOLOGIES
             11.2.8 LITHIUMWERKS
             11.2.9 SAFT
             11.2.10 VARTA AG
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies. 

12 ADJACENT AND RELATED MARKETS (Page No. - 237)
     12.1 INTRODUCTION
     12.2 LIMITATIONS
     12.3 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY
     12.4 INTRODUCTION
             TABLE 144 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2018–2021 (USD MILLION)
             TABLE 145 BATTERY ENERGY STORAGE SYSTEM MARKET, BY ENERGY CAPACITY, 2022–2027 (USD MILLION)
     12.5 BELOW 100 MWH
             12.5.1 GROWING DEMAND FOR BATTERY ENERGY STORAGE SYSTEMS WITH LOW ENERGY CAPACITY IN RESIDENTIAL APPLICATIONS
                        TABLE 146 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
                        TABLE 147 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
                        TABLE 148 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                        TABLE 149 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                        TABLE 150 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 151 BELOW 100 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.6 BETWEEN 100 AND 500 MWH
             12.6.1 TO MANAGE HIGH VARIABILITY AND UNCERTAINTY IN POWER SYSTEMS, BATTERIES OF ENERGY CAPACITY BETWEEN 100 AND 500 MWH HAVE INCREASED NEED FOR FREQUENCY CONTROL SERVICES
                        TABLE 152 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
                        TABLE 153 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
                        TABLE 154 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                        TABLE 155 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                        TABLE 156 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 157 BETWEEN 100 MWH AND 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
     12.7 ABOVE 500 MWH
             12.7.1 LARGE-SCALE BATTERY STORAGE SYSTEMS HELP CONTINUITY OF POWER DISTRIBUTION IN LARGE GRIDS
                        TABLE 158 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2018–2021 (USD MILLION)
                        TABLE 159 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY BATTERY TYPE, 2022–2027 (USD MILLION)
                        TABLE 160 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2018–2021 (USD MILLION)
                        TABLE 161 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY CONNECTION TYPE, 2022–2027 (USD MILLION)
                        TABLE 162 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                        TABLE 163 ABOVE 500 MWH ENERGY CAPACITY: BATTERY ENERGY STORAGE SYSTEM MARKET, BY APPLICATION, 2022–2027 (USD MILLION)

13 APPENDIX (Page No. - 247)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 CUSTOMIZATION OPTIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the battery technology market. Exhaustive secondary research has been done to collect information on the market, peer market, and parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred for identifying and collecting information important for the battery technology market study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, and certified publications; articles from recognized authors; directories; and databases.

Primary Research

In the primary research process, various primary sources from both the supply and demand sides have been interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts, such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the battery technology market. Following is the breakdown of primary respondents:

Battery Technology Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches have been used to estimate and validate the size of the overall battery technology market based on segments. The research methodology used to estimate the market size has been given below:

  • Key players operating in the battery technology market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined by using secondary sources and verified through primary sources.

Global battery technology market Size: Bottom-Up Approach

Battery Technology Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall battery technology market size-using the estimation processes explained above-the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the battery technology market.

Report Objectives:

  • To describe and forecast the battery technology market, in terms of value, based on technology type and vertical.
  • To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To provide a comprehensive overview of the value chain of the battery technology ecosystem
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market.
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies2 and provide a detailed competitive landscape of the market.
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the battery technology.
  • To analyze competitive strategies, such as product launches, collaborations, partnerships, acquisitions, agreements, joint ventures, and contracts, adopted by key market players in the battery technology market.

Available Customizations

Based on the given market data, MarketsandMarkets offers customizations in the reports according to the client’s specific requirements. The available customization options are as follows:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 7558
Published ON
Nov, 2022
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