Battery Technology Market by Technology Type (Lithium-Ion Battery, Lead Acid Battery, Nickel Metal Hydride Battery, Other Battery Technologies), Application (Power & Utilities, Transportation, Consumer Electronics) and Region - Global Forecast to 2025
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 segmentsAutomotive Batteries (Japan), Automotive Batteries (Overseas), Industrial Batteries & Power Supplies, Automotive Lithium-ion Batteries, and Others.
The companys 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 segmentsElectric 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 nickelcadmium 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
[151 Pages Report] The global battery technology market is expected to grow from USD 92.0 billion in 2020 to USD 152.3 billion by 2025, at a CAGR of 10.6%.
The market growth is propelled by the growing use of electric and hybrid electric vehicles, rising adoption of battery technology in the renewable energy industry, surging demand for automation and battery-operated material-handling equipment in industries, increasing deployment of batteries in the utilities sector.
The market for lithium-ion batteries is expected to grow at a high CAGR from 2020 to 2025
Lithium-Ion batteries are used mainly for automotive applications; in consumer electronics, such as smartphones, laptops, tablets, wearable devices, and other home applications. Electric vehicles are perceived as the future of the automobile industry and transportation system. The growing use of PHEVs is likely to drive the Li-ion battery market during the forecast period. Li-ion batteries are also used in a wide range of portable devices and industrial applications. Furthermore, Li-ion battery technology is used to increase efficiency and make devices easily customizable.
Consumer electronics to exhibit high growth in the battery technology market during the forecast period
Continuous development in consumer electronics has boosted the battery technology market. The increasing demand for intelligent and smartwatches and fitness bands has given rise to the development of innovative product designs and the adoption of related components that are compact and flexible. Such developments drive battery technology in consumer electronics applications.
The battery technology market in APAC to grow at highest CAGR during the forecast period
The adoption of battery technology is high in APAC as the region mainly comprises developing economies such as China and India, which have a huge potential for many application areas within the battery technology market. The presence of several electronic manufacturers such as Panasonic Corp. (Japan), Samsung SDI Co., Ltd. (South Korea), Contemporary Amperex Technology (China), BYD Auto Co., Ltd. (China), and LG Electronics Inc. (South Korea) is one of the key factors driving the market for batteries in APAC. The region has become an attractive automotive market. In recent years, it has emerged as a hub for automobile production. Recent infrastructure developments and industrialization activities in emerging nations have opened new avenues and opportunities for OEMs.
Key Market Players
As of 2019, Clarios (US), Panasonic Corporation (Japan), Samsung SDI (South Korea), Chaowei Power (China), Contemporary Amperex Technology (China), Enersys (US), LG Chem (South Korea), BYD Company (China), Hitachi Chemical (Japan) dominated the global battery technology market.
CLARIOS (US)
Clarios, formerly known as Johnson Controls Power Solutions, is one of the leading advanced energy storage solutions 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. Clarios 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 Asia Pacific. The company focuses on expanding its 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.
Report Scope:
|
Report Metric |
Details |
|
Years considered |
20182025 |
|
Base year |
2019 |
|
Forecast period |
20202025 |
|
Forecast units |
Value (USD) in million/billion |
|
Segments covered |
Technology type and application |
|
Regions covered |
North America, APAC, Europe, and RoW |
|
Companies covered |
Clarios (US), Panasonic Corporation (Japan), Samsung SDI (South Korea), Chaowei Power (China), Contemporary Amperex Technology (China), Enersys (US), LG Chem (South Korea), BYD Company (China), Hitachi Chemical (Japan). |
In this report, the overall battery technology market is segmented into technology type, application, and geography.
By Technology Type
- Lithium-Ion Battery
- The market for Lithium-Ion Battery, By Type
- Lithium Nickel Manganese Cobalt (LI-NMC)
- Lithium Iron Phosphate (LFP)
- Lithium Cobalt Oxide (LCO)
- Lithium Titanate Oxide (LTO)
- Lithium Manganese Oxide (LMO)
- Lithium Nickel Cobalt Aluminum Oxide (NCA)
- The market for Lithium-Ion Battery, By Power Capacity
- 0 to 3,000 mAH
- 3,000 to 10,000 mAH
- 10,000 to 60,000 mAH
- More Than 60,000 mAH
- The market for Lithium-Ion Battery, By Type
- Lead Acid Battery
- The market for Lead Acid Battery, By Type
- Stationary
- Motive
- The market for Lead Acid Battery, By Construction Method
- Flooded
- VRLA Battery
- The market for Lead Acid Battery, By Technology
- Basic Lead Acid Battery
- Advanced Lead Acid Battery
- The market for Lead Acid Battery, By Type
- Nickel Metal Hydride Battery
- Other Battery Technology Type
By Application
- Power & Utilities
- Transportation
- Industrial
- Commercial & Residential
- Consumer Electronics
- Medical
Geographic Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Netherlands
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- South America
- Middle East & Africa
Critical Questions:
- Which type of battery technology is expected to have the highest demand in the future?
- Who are the top 5 players in the battery technology market?
- What would be the growth opportunities for manufacturers in various applications?
- What are the key industry trends in the market?
- How can emerging technology providers tap high-growth opportunities in the battery technology market?
Frequently Asked Questions (FAQ):
What is the anticipated CAGR for the battery technology market?
The global battery technology market is expected to grow at 10.6% during the forecast period.
What are the major drivers for the battery technology market?
The growing adoption of electric and hybrid electric vehicles and rising adoption of battery technology in the renewable energy industry are some of the major factors driving the market.
Which is the potential market for battery technology market in terms of region?
The APAC region will see the highest growth in the market due to presence of several electronic manufacturers and an attractive automotive market.
What are the major companies dealing in this market?
The major companies dealing in the battery market is Clarios (US), Panasonic Corporation (Japan), Samsung SDI (South Korea), Chaowei Power (China), and Contemporary Amperex Technology (China)
Which are the major technology type for battery technology market? How huge is the opportunity for their growth in the next five years?
The major technology includes lithium-ion battery, lead-acid battery, nickel-metal hydride battery. Which will lead to market opportunity of USD 152.3 billion by 2025
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Key Data From Primary Sources
2.1.3.2 Key Industry Insights
2.1.3.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 31)
4 Premium Insights (Page No. - 35)
4.1 Attractive Growth Opportunities in Battery Technology Market
4.2 Battery Technology Market for Lithium-Ion Battery, By Application
4.3 Lead-Acid Battery Market, By Region
4.4 Battery Technology Market, By Application
4.5 Battery Technology Market, By Technology Type
4.6 Battery Technology Market, By Region
5 Market Overview (Page No. - 38)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Use of Electric and Hybrid Electric Vehicles
5.2.1.2 Rising Adoption of Battery Technology in Renewable Energy Industry
5.2.1.3 Surging Demand for Automation and Battery-Operated Material-Handling Equipment in Industries
5.2.1.4 Increasing Deployment of Batteries in Utilities Sector
5.2.2 Restraints
5.2.2.1 Safety Issues Related to Storage Transportation of Spent Batteries
5.2.3 Opportunities
5.2.3.1 Large Storage Requirements in Data Centers
5.2.3.2 Advancements in Wearable Devices is Likely to Provide Growth Opportunity for Batteries
5.2.4 Challenges
5.2.4.1 Alternative Technologies Such as Compressed Air, Energy Storage, and Pumped Hydro Technology
5.2.4.2 High Cost of Battery-Operated Industrial Vehicles
6 Market Overview (Page No. - 43)
6.1 Value Chain Analysis
6.2 Regulations for Transportation of Batteries
6.2.1 Responsibilities
6.2.2 Legislation
6.2.3 Battery Tests
6.3 Latest Developments in Battery Technology
6.3.1 Solid-State Batteries
6.3.2 Multi-Valent Batteries
7 Battery Technology Market, By Technology Type (Page No. - 46)
7.1 Introduction
7.2 Lithium-Ion Battery
7.2.1 Lithium-Ion Battery Market, By Type
7.2.1.1 Lithium-Nickel Manganese Cobalt (LI-NMC)
7.2.1.1.1 High Energy Density Boosts Demand for NMC Batteries
7.2.1.2 Lithium-Iron Phosphate (LFP)
7.2.1.2.1 High Power Density and Stability Boost Adoption of LFP Batteries
7.2.1.3 Lithium-Cobalt Oxide (LCO)
7.2.1.3.1 High Energy Density Increases Demand for LCO Batteries
7.2.1.4 Lithium-Titanate Oxide (LTO)
7.2.1.4.1 High Stability, Energy, and Power Density Expected to Create Demand for LTO Batteries
7.2.1.5 Lithium-Manganese Oxide (LMO)
7.2.1.5.1 Cost Factor Boosts Growth of LMO Batteries
7.2.1.6 Lithium-Nickel Cobalt Aluminum Oxide (NCA)
7.2.1.6.1 High Energy Density of NCA Batteries Increases Their Demand in Automotive Industry
7.2.2 Lithium-Ion Battery Market, By Power Capacity
7.2.2.1 0 to 3,000 Mah
7.2.2.1.1 Consumer Electronics Held Largest Market Share in 2019
7.2.2.2 3,000 to 10,000 Mah
7.2.2.2.1 Consumer Electronics Expected to Grow at Highest CAGR Between 2020 and 2025
7.2.2.3 10,000 to 60,000 Mah
7.2.2.3.1 Transportation Market Expected to Grow at Highest Rate During Forecast Period
7.2.2.4 More Than 60,000 Mah
7.2.2.4.1 Consumer Electronics Industry is Expected to have Highest CAGR During Forecast Period
7.3 Lead-Acid Battery
7.3.1 Lead-Acid Battery Market, By Construction Method
7.3.1.1 Flooded Lead-Acid Battery
7.3.1.1.1 Increasing Usage in Static Applications Propels Growth of Flooded Battery Market During Forecast Period
7.3.1.2 VRLA Battery
7.3.1.2.1 Usage of VRLA Batteries in Motive and Transportation Segments is Expected to Grow During Forecast Period
7.3.2 Lead-Acid Battery Market, By Technology
7.3.2.1 Basic Lead-Acid Battery
7.3.2.1.1 Demand for Basic Lead-Acid Battery is Driven By Its Low Selling Cost
7.3.2.2 Advanced Lead-Acid Battery
7.3.2.2.1 Demand for Advanced Lead-Acid Batteries is Driven By Their Longer Life Cycle
7.4 Nickel-Metal Hydride
7.4.1 Increasing Demand for Nickel-Metal Hydride Batteries in Automotive Sector
7.5 Other Battery Technology
7.5.1 Sodium-Based Battery
7.5.2 Zinc-Based Battery
7.5.3 Vanadium Redox Flow Battery
8 Market, By Application (Page No. - 70)
8.1 Introduction
8.2 Power & Utilities
8.2.1 Increasing Use of Renewable Energy Boosts Demand for Batteries
8.3 Transportation
8.3.1 Upsurge in Eco-Friendly Vehicles Propels Growth of Batteries in Transportation Sector
8.4 Industrial
8.4.1 Power Backup in Industrial Applications Creates Demand for Batteries
8.5 Commercial & Residential
8.5.1 Upsurge in Demand for Energy Storage From Commercial & Residential Application Boosts Battery Technology Market
8.6 Consumer Electronics
8.6.1 Continuous Developments in Consumer Electronics Propel Demand for Battery Technology
8.7 Medical
8.7.1 Penetration of IoT in Medical Field Boosts Battery-Powered Medical Devices
9 Geographic Analysis (Page No. - 86)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.1.1 Largest Share of Battery Technology Market in North America
9.2.2 Canada
9.2.2.1 Increasing Focus on Renewable Energy Propels Growth of Battery Technology Market
9.2.3 Mexico
9.2.3.1 Low-Cost Labor and Necessary Infrastructure Boost Battery Market Growth
9.3 Europe
9.3.1 Germany
9.3.1.1 Extensive R&D in Battery Production Drives Market Growth
9.3.2 UK
9.3.2.1 Growth of Electric Vehicles Boosts Demand for Batteries
9.3.3 Italy
9.3.3.1 Growing Renewable Energy Sector Expected to Use More Batteries
9.3.4 Netherlands
9.3.4.1 Stringent Government Decisions Boost Lithium-Ion Battery Market
9.3.5 Rest of Europe
9.3.5.1 Shift Toward Electric Vehicle Boosts Demand for Batteries
9.4 APAC
9.4.1 China
9.4.1.1 Increasing Automotive Demand Fueling Battery Market
9.4.2 Japan
9.4.2.1 Growing Ev and Consumer Electronics Industries Propel Demand for Battery Technology
9.4.3 India
9.4.3.1 Growing Adoption of Electrified Transport Boosts Demand for Battery Technology
9.4.4 South Korea
9.4.4.1 Presence of Several Consumer Electronics Manufacturers is Driving Battery Technology Market
9.4.5 Rest of APAC
9.4.5.1 Government Support for Adoption of Evs Increases Demand for Batteries
9.5 Rest of the World (RoW)
9.5.1 Middle East
9.5.1.1 Rising Demand for Consumer Electronics Likely to Boost Demand for Battery Technology
9.5.2 South America
9.5.2.1 Huge Lithium Reserves and High Demand for Consumer Electronics Contribute to Growth of Battery Technology Market
10 Competitive Landscape (Page No. - 107)
10.1 Overview
10.2 Market Ranking Analysis: Battery Technology Market
10.3 Competitive Leadership Mapping, 2019
10.3.1 Visionaries
10.3.2 Innovators
10.3.3 Dynamic Differentiators
10.3.4 Emerging Companies
10.4 Strength of Product Portfolio (For 20 Companies)
10.5 Business Strategy Excellence (For 20 Companies)
10.6 Competitive Situations and Trends
10.6.1 Contracts, Expansions, Agreements, Collaborations, Partnerships, and Joint Ventures
10.6.2 Product Launches and Developments
10.6.3 Acquisitions
11 Company Profiles (Page No. - 116)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
11.1 Key Players
11.1.1 GS Yuasa
11.1.2 Clarios
11.1.3 Panasonic Corporation
11.1.4 Chaowei Power
11.1.5 Samsung Sdi
11.1.6 Contemporary Amperex Technology Co. Limited
11.1.7 Enersys
11.1.8 LG Chem
11.1.9 BYD Company
11.1.10 Hitachi Chemical
11.2 Right to Win
11.3 Other Key Players
11.3.1 Toshiba Corporation
11.3.2 Saft Groupe
11.3.3 Exide Industries
11.3.4 Lithium Werks
11.3.5 Bak Group
11.3.6 Exide Technologies
11.3.7 Varta Storage
11.3.8 Energizer Holdings
11.3.9 Duracell
11.3.10 East Penn Manufacturing
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 145)
12.1 Insights of Industry Experts
12.2 Discussion Guide - Battery Technology Market
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
List of Tables (100 Tables)
Table 1 Battery Technology Market, By Technology Type, 20182025 (USD Billion)
Table 2 LI-Ion Battery: Battery Materials
Table 3 Lithium-Ion Battery Market, By Type, 20182025 (USD Billion)
Table 4 Lithium-Ion Battery Market, By Application, 20182025 (USD Million)
Table 5 Lithium-Ion Battery Market, By Region, 20182025 (USD Billion)
Table 6 Lithium-Ion Battery Market for LI-NMC By Application, 20182025 (USD Million)
Table 7 Lithium-Ion Battery Market for LI-NMC, By Region, 20182025 (USD Million)
Table 8 Lithium-Ion Battery Market for LFP, By Application, 20182025 (USD Million)
Table 9 Lithium-Ion Battery Market for LFP, By Region, 20182025 (USD Million)
Table 10 Lithium-Ion Battery Market for LCO, By Application, 20182025 (USD Million)
Table 11 Lithium-Ion Battery Market for LCO, By Region, 20182025 (USD Million)
Table 12 Lithium-Ion Battery Market for LTO, By Application, 20182025 (USD Million)
Table 13 Lithium-Ion Battery Market for LTO, By Region, 20182025 (USD Million)
Table 14 Lithium-Ion Battery Market for LMO, By Application, 20182025 (USD Million)
Table 15 Lithium-Ion Battery Market for LMO, By Region, 20182025 (USD Million)
Table 16 Lithium-Ion Battery Market for NCA, By Application, 20182025 (USD Million)
Table 17 Lithium-Ion Battery Market for NCA, By Region, 20182025 (USD Million)
Table 18 Lithium-Ion Battery Market, By Power Capacity, 20182025 (USD Billion)
Table 19 Lithium-Ion Battery Market for 03,000 Mah, By Application, 20182025 (USD Million)
Table 20 Lithium-Ion Battery Market for 3,00010,000 Mah, By Application, 20182025 (USD Million)
Table 21 Lithium-Ion Battery Market for 10,00060,000 Mah, By Application, 20182025 (USD Million)
Table 22 Lithium-Ion Battery Market for More Than 60,000 Mah, By Application, 20182025 (USD Million)
Table 23 Lead-Acid Battery Market, By Region, 20182025 (USD Billion)
Table 24 Lead-Acid Battery Market, By Application, 20182025 (USD Billion)
Table 25 Lead-Acid Battery Market, By Construction Method, 20182025 (USD Billion)
Table 26 Flooded Lead-Acid Battery Market, By Region, 20182025 (USD Billion)
Table 27 VRLA: Lead-Acid Battery Market, By Region, 20182025 (USD Billion)
Table 28 Lead-Acid Battery Market, By Technology, 20182025 (USD Billion)
Table 29 Basic Lead-Acid Market, By Region, 20182025 (USD Billion)
Table 30 Advanced Lead-Acid Battery Market, By Region, 20182025 (USD Billion)
Table 31 Nickel-Metal Hydride Battery Market, By Application, 20182025 (USD Million)
Table 32 Nickel-Metal Hydride Battery Market, By Region, 20182025 (USD Million)
Table 33 Other Battery Technology Market, By Application, 20182025 (USD Million)
Table 34 Other Battery Technology Market, By Region, 20182025 (USD Million)
Table 35 Battery Technology Market, By Application, 20182025 (USD Billion)
Table 36 Battery Technology Market for Power & Utilities Application, By Technology Type, 20182025 (USD Million)
Table 37 Lithium-Ion Battery Market for Power & Utilities Application, By Type, 20182025 (USD Million)
Table 38 Lithium-Ion Battery Market for Power & Utilities, By Region, 20182025 (USD Million)
Table 39 Lead-Acid Battery Market for Power & Utilities, By Region, 20182025 (USD Million)
Table 40 Lead-Acid Battery Market for Power & Utilities, By Technology, 20182025 (USD Billion)
Table 41 Lithium-Ion Battery Market for Power & Utilities, By Power Capacity, 20182025 (USD Million)
Table 42 Battery Technology Market for Transportation, By Technology Type, 20182025 (USD Million)
Table 43 Lithium-Ion Battery Market for Transportation, By Type, 20182025 (USD Million)
Table 44 Lithium-Ion Battery Market for Transportation, By Region, 20182025 (USD Million)
Table 45 Lead-Acid Battery Market for Transportation, By Region, 20182025 (USD Billion)
Table 46 Lead-Acid Battery Market for Transportation, By Technology, 20182025 (USD Billion)
Table 47 Lithium-Ion Battery Market for Transportation, By Power Capacity, 20182025 (USD Million)
Table 48 Battery Technology Market for Industrial, By Technology Type, 20182025 (USD Million)
Table 49 Lithium-Ion Battery Market for Industrial, By Type, 20182025 (USD Million)
Table 50 Lithium-Ion Battery Market for Industrial, By Region, 20182025 (USD Million)
Table 51 Lead-Acid Battery Market for Industrial, By Region, 20182025 (USD Million)
Table 52 Lead-Acid Battery Market for Industrial, By Technology, 20182025 (USD Billion)
Table 53 Lithium-Ion Battery Market for Industrial, By Power Capacity, 20182025 (USD Million)
Table 54 Battery Technology Market for Commercial & Residential, By Technology Type, 20182025 (USD Million)
Table 55 Lithium-Ion Battery Market for Commercial & Residential, By Type, 20182025 (USD Million)
Table 56 Lithium-Ion Battery Market for Commercial & Residential, By Region, 20182025 (USD Million)
Table 57 Lead-Acid Battery Market for Commercial & Residential, By Region, 20182025 (USD Million)
Table 58 Lead-Acid Battery Market for Commercial & Residential, By Technology, 20182025 (USD Billion)
Table 59 Lithium-Ion Battery Market for Commercial & Residential, By Power Capacity, 20182025 (USD Million)
Table 60 Battery Technology Market for Consumer Electronics, By Technology Type, 20182025 (USD Million)
Table 61 Lithium-Ion Battery Market for Consumer Electronics, By Type, 20182025 (USD Million)
Table 62 Lithium-Ion Battery Market for Consumer Electronics, By Region, 20182025 (USD Million)
Table 63 Lithium-Ion Battery Market for Consumer Electronics, By Power Capacity, 20182025 (USD Million)
Table 64 Battery Technology Market for Medical, By Technology Type, 20182025 (USD Million)
Table 65 Lithium-Ion Battery Market for Medical, By Type, 20182025 (USD Million)
Table 66 Lithium-Ion Battery Market for Medical, By Region, 20182025 (USD Million)
Table 67 Lithium-Ion Battery Market for Medical, By Power Capacity, 20182025 (USD Million)
Table 68 Battery Technology Market, By Region, 20182025 (USD Billion)
Table 69 Battery Technology Market in North America, By Technology Type, 20182025 (USD Million)
Table 70 Lithium-Ion Battery Market in North America, By Application, 20182025 (USD Million)
Table 71 Lithium-Ion Battery in North America, By Type, 20182025 (USD Million)
Table 72 Lead-Acid Battery Market in North America, By Application, 20182025 (USD Million)
Table 73 Lead-Acid Battery Market in North America, By Technology, 20182025 (USD Billion)
Table 74 Lead-Acid Battery Market in North America, By Construction Method, 20182025 (USD Billion)
Table 75 Battery Technology Market in North America, By Country, 20182025 (USD Billion)
Table 76 Battery Technology Market in Europe, By Country, 20182025 (USD Billion)
Table 77 Battery Technology Market in Europe, By Technology Type, 20182025 (USD Million)
Table 78 Lithium-Ion Battery Market in Europe, By Application, 20182025 (USD Million)
Table 79 Lithium-Ion Battery in Europe, By Type, 20182025 (USD Million)
Table 80 Lead-Acid Battery Market in Europe, By Application, 20182025 (USD Million)
Table 81 Lead-Acid Battery Market in Europe, By Technology, 20182025 (USD Billion)
Table 82 Lead-Acid Battery Market in Europe, By Construction Method, 20182025 (USD Billion)
Table 83 Battery Technology Market in Asia Pacific, By Country, 20182025 (USD Billion)
Table 84 Battery Technology Market in Asia Pacific, By Technology Type, 20182025 (USD Million)
Table 85 Lithium-Ion Battery Market in Asia Pacific, By Application, 20182025 (USD Million)
Table 86 Lithium-Ion Battery in Asia Pacific, By Type, 20182025 (USD Million)
Table 87 Lead-Acid Battery Market in Asia Pacific, By Application, 20182025 (USD Million)
Table 88 Lead-Acid Battery Market in Asia Pacific, By Technology, 20182025 (USD Billion)
Table 89 Lead-Acid Battery Market in Asia Pacific, By Construction Method, 20182025 (USD Billion)
Table 90 Battery Technology Market in RoW, By Region, 20182025 (USD Billion)
Table 91 Battery Technology Market in RoW, By Technology Type, 20182025 (USD Million)
Table 92 Lithium-Ion Battery Market in RoW, By Application, 20182025 (USD Million)
Table 93 Lithium-Ion Battery in RoW, By Type, 20182025 (USD Million)
Table 94 Lead-Acid Battery Market in RoW, By Application, 20182025 (USD Million)
Table 95 Lead-Acid Battery Market in RoW, By Technology, 20182025 (USD Billion)
Table 96 Lead-Acid Battery Market in RoW, By Construction Method, 20182025 (USD Billion)
Table 97 Ranking of Key Players in Battery Technology Market, 2019
Table 98 Contracts, Expansions, Agreements, Collaborations, Partnerships, and Joint Ventures, 20182019
Table 99 Product Launches and Developments, 20182019
Table 100 Acquisitions, 20172019
List of Figures (46 Figures)
Figure 1 Battery Technology Market Segmentation
Figure 2 Battery Technology Market: Research Design
Figure 3 Market Size Estimation Methodology: Approach 1 (Supply Side): Revenue Generated Through Products in Battery Technology Market
Figure 4 Market Size Estimation Methodology: Approach 2 Bottom-Up (Supply Side): Illustration of Company Battery Technology Revenue Estimation
Figure 5 Battery Technology Market: Bottom-Up Approach
Figure 6 Battery Technology Market: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Lithium-Ion Batteries to Register Highest CAGR During Forecast Period
Figure 9 Transportation Application to Account for Largest Market Size in 2020
Figure 10 Advanced Lead-Acid Battery Market to Grow at Higher CAGR During Forecast Period
Figure 11 Battery Technology Market, By Region
Figure 12 Increase in Demand for Electric and Hybrid Electric Vehicles and High Demand for Battery Technology in the Renewable Energy Industry to Boost Battery Technology Market Growth
Figure 13 Transportation to Hold Major Share of Lithium-Ion Battery Market in 2020
Figure 14 Asia Pacific to Capture Larger Share of Battery Technology Market in 2020
Figure 15 Transportation to Account for Largest Size of Battery Technology Market in 2020
Figure 16 Lithium-Ion Battery to Hold Larger Share of Battery Technology Market in 2020
Figure 17 Asia Pacific to Dominate Battery Technology Market During Forecast Period
Figure 18 Value Chain Analysis: Battery Technology Market
Figure 19 Battery Technology Market, By Technology Type
Figure 20 Lithium-Ion Battery Market, By Technology Type
Figure 21 Lithium Nickel Manganese Cobalt Type Market is Expected to Grow at Highest CAGR in APAC Region
Figure 22 Lithium-Ion Battery Market, By Power Capacity
Figure 23 Lead-Acid Battery Market (Value), By Construction Method, 2020 & 2025
Figure 24 Lead-Acid Battery Market, By Technology
Figure 25 Battery Technology Market, By Application
Figure 26 Transportation Application to Account for Larger Size of Battery Technology Market From 2020 to 2025
Figure 27 Geographic Snapshot: China to Witness Significant Growth During Forecast Period
Figure 28 Battery Technology Market in APAC to Grow at Highest CAGR From 2020 to 2025
Figure 29 North America: Snapshot of Battery Technology Market
Figure 30 Europe: Snapshot of Battery Technology Market
Figure 31 Asia Pacific: Snapshot of Battery Technology Market
Figure 32 Key Developments in Battery Technology Market (2018 to 2019)
Figure 33 Battery Technology Market (Global) Competitive Leadership Mapping, 2019
Figure 34 GS Yuasa: Company Snapshot
Figure 35 GS Yuasa: SWOT Analysis
Figure 36 Clarios: SWOT Analysis
Figure 37 Panasonic Corporation: Company Snapshot
Figure 38 Panasonic Corporation: SWOT Analysis
Figure 39 Chaowei Power: Company Snapshot
Figure 40 Chaowei Power: SWOT Analysis
Figure 41 Samsung SDI: Company Snapshot
Figure 42 Samsung SDI: SWOT Analysis
Figure 43 Enersys: Company Snapshot
Figure 44 LG Chem: Company Snapshot
Figure 45 BYD Company: Company Snapshot
Figure 46 Hitachi: Company Snapshot
The global study involved four major activities for estimating the size of the battery technology market. Exhaustive secondary research has been conducted to collect information on the market. The next step involved has been validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall market size. Furthermore, market breakdown and data triangulation techniques 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 to for identifying and collecting information important for this study. Secondary sources such as encyclopedias, directories, and databases, IEEE journals Battery Council International, Association of European Automotive and Industrial Battery Manufacturers, and leading players newsletters have been used to identify and collect information for an extensive technical and commercial study of the battery technology market.
Primary Research
In the primary research process, primary sources from both the supply and demand sides have been interviewed to obtain important qualitative and quantitative information for this report. Primary sources, such as experts from related industries and suppliers, have been interviewed to obtain and verify critical information, as well as assess prospects. Key players in the battery technology market have been identified through secondary research, and their respective market rankings have been determined through primary and secondary research. This research included studying annual reports of top market players and interviewing key opinion leaders such as CEOs, directors, and marketing personnel.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the battery technology market and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall battery technology market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, market breakdown, and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Study Objectives:
- To describe and forecast the battery technology market, in terms of value, by technology type and application
- To describe and forecast the market, in terms of value, by regionNorth America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
- To provide detailed information regarding factors (drivers, restraints, opportunities, and challenges) influencing the battery technology market growth
- To provide a comprehensive overview of the value chain of the battery technology market
- To analyze opportunities for stakeholders in the battery technology market by identifying its high-growth segments
- To strategically analyze micro markets concerning individual growth trends, prospects, and contributions to the overall market
- To strategically profile key players and comprehensively analyze their market shares and core competencies, along with detailing the competitive leadership and analyzing growth strategies such as product launches and developments, contracts, expansions, acquisitions, agreements, mergers, joint ventures, and partnerships of leading players.
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Growth opportunities and latent adjacency in Battery Technology Market