Global Battery Market is expected to reach USD 132.55 billion by 2024. Battery is known for creating electricity using metals or liquids that are good conductors of electricity. The battery has two electrodes, which are positive and negative ends. It is made up of three key constituents like electrolyte, anode, and cathode. Batteries that must be thrown away after use are termed as primary batteries; whereas the batteries that can be recharged are termed secondary batteries. The Battery Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Low cost of raw materials, growth in need for security of energy supply, emerging several novel applications for batteries, technological enhancement, and growing disposable income are documented as major factors of Battery Market that are estimated to enhance the growth in the years to come. However, presence of alternatives like diesel generators and fuel cells may restrain overall market growth in the coming years. Battery Market is segmented based on type, application, and region.

Nickel Cadmium (NiCD), Lead Acid, Nickel Metal Hydride (NiMH), Lithium-Ion (Li-ion), and other types could be explored in Battery in the forecast period. Lead acid batteries sector accounted for the substantial market share of Battery and is estimated to lead the overall market in the coming years. The lithium-ion batteries sector is estimated to grow at highest CAGR with fastest pace in the coming years.

The market may be categorized based on applications like batteries, automotive batteries, power tools batteries, industrial batteries, portable batteries, and others that could be explored in the forecast period. Automotive batteries sector accounted for the significant market share of Battery and is estimated to continue its dominance in the coming years.

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Globally, Asia Pacific accounted for the significant market share of Battery and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing demand for industrialization and automobiles and high demand from consumer electronics. The emerging countries like India and China are the key consumers of Battery in this region.

Instead, Europe and North America are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. However, Europe is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Battery Market are Tesla, Enersys, Sony Corporation, Exide Industries, Samsung SDI Co Ltd, GS Yuasa Corporation, Saft Groupe SA, Johnson Controls Inc., and Panasonic Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Market Segment:

Battery Product Outlook (Revenue, USD Million, 2013 - 2024)
    • Lead Acid
    • Lithium ion
    • Nickel Metal Hydride
    • Nickel Cadmium
    • Others

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There is a discernable increase in demand for vehicles including two-wheelers and cars across the globe owing to the economic outburst that has made it possible for people to afford fuel and maintenance charges of vehicles. Subsequently, this has led to a myriad of opportunities in the global automotive battery market valuation of which is poised to attain a massive figure of $34,967.2 million by the end of 2023 with a healthy compound annual growth rate (CAGR) of 8.5% during the forecast period of 2018 to 2023, according to a recently published report by IndustryARC.

The business intelligence report is compiled with well-marshaled and analyzed facts and statistics along with the challenges and opportunities that are foreseeable in the future. It provides a detailed peek into the prospects of the business along with the customer-base and pricing environment in all the regions worldwide. The report is titled, “Automotive Battery Market: By Battery Type (Lead Acid Batteries, Lithium Ion Batteries, Nickel Cadmium, Others); By Function (Electric Propulsion, SLI); By Engine Type (ICE vs EV); By Vehicle Type (Passenger, Two wheeler, Commercial); By Geography - Forecast (2018-2023).”

Automotive Battery Market: Leading Segments

The geographical market study by the market analyst has led to an inference that APAC had the maximum automotive battery market share in 2017, and the market will prove to be lucrative through to 2025 and witness an impressive revenue of $17,516.90 million by 2023. This is much attributed to the economic growth in the region along with the proliferating urbanization in countries such as China, India, Indonesia, Malaysia, and the Philippines. Furthermore, the pricing of vehicles in the region is favorable to the customers which enables them to make the purchase and support the automotive battery market.

The automotive battery market is segmented on the basis of applications of these batteries in passenger, commercial, and electric vehicles. Owing to the propitious progress in the electric vehicles segment, the application of automotive batteries is set to observe a staggering CAGR of 23.8% in electric vehicles over the forecast period. The world is leapfrogging towards alternative sources of energy due to the threatening depletion of the conventional sources of energy. This is leading to growth in production of electric vehicles which will substantially stroke the automotive battery market.

Security Screening Market: Market Trends and Growth Drivers

Growing Demand for Transportation –

With the population outflow, the demand for transportation is growing at a rapid rate. Furthermore, there have been changes in city structures. The industries have moved out of the urban regions, which is the main reason a multitude of people travel miles for work. This is leading to demand influx in the transportation sector. Evidently, with increasing transportation, battery power consumption grows, and a vehicle demands battery replacement faster. This is leading to revenue growth in the automotive battery market.

Environmental Concerns Leading to Demand Influx –

Conventional fuels are causing serious concerns about the environment, and governments worldwide are taking actions to reduce air pollution. According to the World Health Organization (WHO), 9 out of 10 people are breathing polluted air, and 4.3 million deaths are attributed to air pollution . With these disquieting figures, the world is in dire need to implement air pollution reducing methods one of which is the incorporation of EVs. The future foresees an exponential expansion of the EVs market which will further flourish the automotive battery market.

Lithium-Ion Battery Market Size Set to Swell –

The renewable and clean source of energy trend will make the vendors in the automotive battery market take a leap into the lithium-ion battery segment which is projected to grow at a rapid rate during the forecast period. The robust growth potential in the lithium-ion battery segment as gauged by the market analyst will make more vendors venture into the automotive battery market.

Innovations In the Automotive Battery Market –

There is a concern about the electrode life and electrolytic consumption in automotive batteries. However, there is a lot of research in progress to improve battery performance. This may increase the cost-prize of batteries; however, owing to the enhanced efficiency, the customer-base will make the purchase which will help vendors reap better returns on investment (ROI).

Automotive Battery Market: Competitive Landscape

Some of the key companies identified in the security screening market intelligence report that are crusading for market share are Panasonic Corp., LG Chem, BYD Company, Bosch Gmbh Robert, Daimler Ag, Ford Global Tech Llc, Hitachi Ltd., and a few others.

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Related Reports:

a) Battery Market
https://www.industryarc.com/Report/15957/battery-market.html

b) Nanowire Battery Market
https://www.industryarc.com/Report/15094/nanowire-battery-market.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

Battery Market Overview

Battery is the new oil, they say. As of 2017, global battery market was valued at $13.1 billion and is estimated to surpass $20 billion by 2022, growing at a positive CAGR of 9.1% during the forecast period of 2017 to 2023. The Asia-Pacific region is expected to yield the highest profit in the global Battery market during the forecast period owing to the growing end-user industries such as automotive, electrical, and electronics in the region with several emerging economies. The global automotive battery market is valued at $23.19 billion in 2017 and is anticipated to grow at a CAGR of 8.5%. The revenues from the emerging electric vehicles market segment is expected to reach its apex mainly due to the rising demands for electric vehicles globally. The mobile phone market is the largest revenue segment for the battery market. The global battery market is expecting to reach $16 billion by 2022 owing to the incredible demands from the mobile devices market.

The above statistics are based on a recent business intelligence report from IndustryARC, titled “Battery market : by type (primary or non-rechargeable, secondary or rechargeable), by application (watches, calculators, mobile phones, camcorders, computers, cars, trucks, buses, locomotives, satellites, robots, submarines, others), by end-user industry (aerospace, defense & military, electrical & electronics, marine, medical, mining, automotive, others), by geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) - forecast(2018-2023).”

Based on the type, the battery market is segmented into primary and secondary or rechargeable. The primary battery constitutes of alkaline and carbon zinc batteries, these are small dry cells majorly used in toys and handheld devices, and watches. Lithium-ion batteries are used in mobiles, tire pressure sensors, and alarms. Various medical equipment and cameras are powered by mercury cell batteries. Silver-oxide batteries finds its application in torpedoes, hearing aids, watches, and cameras. And zinc-air batteries are in high demands owing to its application in the electric vehicles.

On the other hand, the secondary type batteries such as lead acid gel battery are used in military equipment, scooters, golf carts, and wheelchairs. The Li-ion batteries are extensively used in electronic devices such as mobiles, laptops, computer equipment, and handheld electronics. Absolyte batteries are applied in telecommunication systems, railroad switchgear and signals, and uninterrupted power supply devices.

Browse 66 Market Tables, 177 Figures spread through 152 slides and an in-depth TOC on “Battery Market (2018 - 2023)”

Battery Market Trends

The vigorously emerging electric vehicle market is subjected to yield a robust profit for the global battery market. The application of rechargeable zinc-air batteries in these vehicles has proved to be a boon for the market as this battery plays a prominent role in making the vehicle electrically efficient. One eminent reason for the global adoption of electrical vehicle is the reduction in the natural crude oil reserves. The limited supplies of such natural resources has encouraged the global population to shift to alternate sources of energy, consequently boosting the electric vehicle market which in turn is driving the global battery market.

Recent innovations in the mechanical devices sector marked the introduction of drones. These are battery powered devices are widely being used for monitoring purposes in the commercial industry as well as the defense sector. The defense industry is using this device extensively, which leads to the employment of great number of batteries.

The innovation of artificial intelligence is going to connect almost each and every electrical device to the internet. All of these devices will be using numerous amounts of batteries as power source. Artificial Intelligence is anticipated to be the largest emerging technology for the decade. This universal adoption of AI is going to aid the battery market on a large scale.

The global battery market is estimated to depict a consistent growth owing to the extensive application in the electronic and automotive industry. Various handheld electronic devices are using batteries as a power source for a long time now and are expected to continue doing so. The adoption of AI is going to boost the global battery market in the near future.

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Related Reports:

Automotive Battery Market: By Battery Type (Lead Acid Batteries, Lithium Ion Batteries, Nickel Cadmium, Others); By Function (Electric Propulsion, SLI); By Engine Type (ICE vs EV); By Vehicle Type (Passenger, Two wheeler, Commercial); By Geography - Forecast (2018-2023)
https://www.industryarc.com/Report/15291/automotive-battery-market.html

Lithium Ion Battery Market: By Material Type (Cathode, Anode, Electrolytic Solution, Others (Separator, Binder, Foils, & others)) By Application (Electronics, Automotive, Industrial, Others (Energy, Medical, & Military)) & Geography - Forecast(2018 - 2023)
https://www.industryarc.com/Report/15433/lithium-ion-battery-market.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

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Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

According to the report published by IndustryARC titled “Lithium Ion Battery Market: By Material Type (Cathode, Anode, Electrolytic Solution, Others (Separator, Binder, Foils, & others)) By Application (Electronics, Automotive, Industrial, Others (Energy, Medical, & Military)) & Geography - Forecast(2019 - 2025),” the Lithium Ion Battery Market is forecast to surpass $80 billion by 2023, growing at a CAGR of around 15%.

Browse 49 Market Tables and 176 Figures spread through 115 Pages, and go through an in-depth TOC on the "Lithium-Ion Battery Market (2019 - 2025)"

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According to IndustryARC, the high growth of the Lithium Ion Battery Market is mainly due to the burgeoning demand in the automotive sector. UltraCharge Ltd, a Lithium Ion batteries manufacturer is currently in the process of commercializing high powered, cobalt-free lithium-ion batteries which would lower the cost of energy storage. Increasing instances of development activities in Lithium Ion batteries is anticipated to provide significant growth opportunities for the Lithium Ion Battery market. Additionally, these development activities by Lithium Ion Battery manufacturers are anticipated to provide cost-effective products without compromising on the performance, which in turn affects the Lithium Ion Battery Market growth.

Lithium Ion batteries are used across various end-user industries such as electronics, automotive, industrial, and others. Automotive remains the largest end-user industry for Lithium Ion batteries and is estimated to grow at a CAGR of around 22% from 2019 to 2025. The high growth of this segment is attributed to the growing emphasis on electric vehicles across the globe. Some of the key materials essential to manufacture a Lithium Ion battery are Cathode, anode, electrolytic solution, separator, binder and foils. Increasing R&D investments in material science, is anticipated to pave the way for smaller and cost effective products with better performance.

Asia-Pacific is the largest market for Lithium Ion batteries. Burgeoning trend to develop reliable battery which could deliver variable power ranges with low energy losses are anticipated to pave the way for significant opportunities for lithium ion battery market growth in the APAC region. In APAC, China, India, and Japan have a high demand for Lithium Ion batteries especially in automotive end-user industry. This demand is expected to propel the market growth in the APAC region. Additionally, increasing population coupled with growing disposable income in the APAC region is escalating the demand for the consumer electronics, which in turn affects the Lithium Ion battery market growth.

The major players in this market include

BYD Co Ltd
Panasonic Corp.
Johnson Controls International plc
Hitachi Chemical Co., Ltd.
Samsung SDI Co
GS Yuasa Corp.
BAK Group
Toshiba Corp.
LG Chem Ltd.
Tesla

Lithium Ion Battery manufacturers have launched new technologies and products launches as a strategy and enhanced core competencies through additions to product portfolio to gain a foothold in the emerging markets.

The various end-user industries covered in the Lithium Ion Battery Market report include:

Electronics
Automotive
Industrial
Others (Energy, Medical, & Military)

The overall Lithium Ion Battery Market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.

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Related Report:

A. Silicon anode batteries Market
https://industryarc.com/Report/15811/silicon-anode-batteries-market.html

B. Automotive Battery Market
https://industryarc.com/Report/15291/automotive-battery-market.html

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to supporting the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Contact Us:
Mr. Venkateshwar Reddy
Business Development Manager
Email: sales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)

April 4, 2019: The global Flexible Battery market was valued at $XX million in 2017, and analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028.

This report provides detailed historical analysis of global market for Flexible Battery from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Flexible Battery market.

Leading players of Flexible Battery including:

• Panasonic Corporation
• LG Chem
• Ultralife
• Blue Spark Technology
• NEC Energy Solutions

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• ST Microelectronics N.V
• Enfucell Oy
• Samsung SDI
• Brightvolt

Market split by Type, can be divided into:

• Chargeable Flexible Battery
• Single Use Flexible Battery

Market split by Application, can be divided into:

• Consumer Electronics
• Healthcare
• Smart Packaging
• Transportation and Logistics

View Full Report with TOC @ https://www.radiantinsights.com/research/2013-2028-report-on-global-flexible-battery-market

Market split by Sales Channel, can be divided into:

• Direct Channel
• Distribution Channel

Market segment by Region/Country including:

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America Brazil, Argentina, Colombia and Chile etc.)
• Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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