Johnsons Controls, GS Yuasa, and Panasonic Lead the Global Battery Market
Growing environmental concerns and effect of hazardous materials such as lead and nickel have a significant impact on global battery market. Apart from environmental issues, future trends such as hybrid and pure electric vehicles are also changing the market outlook for the global battery industry. The future is estimated to witness the growth of efficient and environment friendly electric and hybrid vehicles. Lithium ion battery technology is estimated to play a major role in the future of the global battery market. Demand for more power with minimum weight has resulted in development of new technologies.
Asia-Oceania is the largest battery market for automotive and two wheeler segment followed by South America, Europe and the Rest of the World. China is the largest market for marine batteries, owing to trade activities driving the demand of marine transport. Increasing demand in the two wheeler segment in Asia-Oceania is also a factor driving the demand for batteries.
Top players in the global battery market include Exide Industries (U.S.), Johnsons Control (U.S.), GS Yuasa (Japan), Saft Groupe (France), Robert Bosch GMBH (Germany) and Panasonic Corporation (Japan). Exide Technologies is a U.S.-based company with manufacturing plants in the U.S., Asia and Europe. The company supplies to major OEMs such as BMW Group AG (Germany), Fiat S.p.A (Italy), International Truck & Engine Corporation (U.S.), the PSA Group (Peugeot S.A./Citroën) (France) and Daimler AG (Germany) among others. Apart from an established manufacturing operation, the company has established a recycling network for its raw materials.
Another important player in the industry is Johnsons Controls, which produces 146 million batteries worldwide. Johnson Controls has 55 manufacturing plants in 20 countries, and distribution centers and sales offices across the globe. Johnsons Controls supplies batteries to OEMs such as Ford and Chevrolet. Johnsons Controls is planning to invest USD 555 million in AGM technology which saves fuel up to 5% and is used in start and stop engines.
GS Yuasa is Japanese company and has a major hold in markets such as Japan and China. Around 80% of GS Yuasa’s business comes from Asian countries. They have invested in countries like Indonesia and India to produce more batteries and cater to the growing Asian market. Keeping future demand in mind, GS Yuasa is eyeing the hybrid and pure electric battery market will produce batteries which will be used in Toyota’s hybrid vehicles like the Aqua and the Prius.
Panasonic, one of the top players, will concentrate on the electric battery market as Tesla has partnered Panasonic for battery production for its latest models Model 3 and model S. Panasonic will provide 2 billion cells over the course of the next four years. Trojan batteries, Samsung SDI and Toshiba Corporation are some of other big players in the global battery market.
Related Reports:
Global Battery Market by Transport and Transport Mode (Two Wheeler, Automotive, Marine & Aerospace), Automotive Battery by Type (Lead Acid, Lithium Ion & Nickel Metal Hydride) & by Geography - Industry Trends & Forecast to 2021
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