Batteries are made up of anode, cathode and an electrolyte .A separator is generally utilized to prevent the anode and the cathode from touching. If the electrolyte is not adequate. Orderly, to store these components, batteries that have generally casing.
Market Dynamics:
Due to transparency in the supplier margin, procurement organizations that could be paying higher than the current price. The prices of lithium, cobalt, and the nickel has very less contribution towards the final cost than other materials, like the separator, the electrolytes and the module assemblies hence driving the need for lithium ion battery separator market over the predicted period.
As cobalt is a central component in the forming the cathode of lithium ion batteries, it would be very impossible to make batteries without cobalt. The raw materials supply is concentrated in the South America and the producers in Asia-Pacific are also projecting the lack of supply to maintain full utilization of the mass production Li-ion battery production plants.
As the utilization of the AGVs, AMRs and the others advance within material handling, the lithium-ion batteries are achieving more popularity because they are the best choice for this type of the tools owing to their flexible charging patterns, wireless charging and the other benefits.
Key features of the study:
- This report provides in-depth analysis of the global battery market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global battery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Major companies involved in the growth of the global battery market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Limited, Samsung SDI Co. Ltd, TianJin Lishen Battery Joint-Stock CO. LTD, GS Yuasa Corporation, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), VARTA AG, LG Chem Ltd, Tesla Inc. and EnerSys
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery market.
Detailed Segmentation:
- Global Battery Market, By Type:
- Primary Battery
- Secondary Battery
- Global Battery Market, By Technology:
- Lead-acid Battery
- Lithium-ion Battery
- Nickel-metal Hydride (NiMH) Battery
- Nickel-cadmium (NiCD) Battery
- Nickel-zinc (NiZn) Battery
- Flow Battery
- Sodium-sulfur (NAS) Battery
- Zinc-manganese Dioxide Battery
- Small Sealed Lead-acid Battery
- Other Technologies (Dual Carbon Battery, Zinc-carbon Battery, Silver-oxide Battery, etc.)
- Global Battery Market, By Application:
- Automotive Batteries (HEV, PHEV, EV)
- Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
- Portable Batteries (Consumer Electronics etc.)
- Power Tools Batteries
- SLI Batteries
- Other Applications
- Global Battery Market, By Geography:
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America