Apr 16, 2018   SOURCE: BusinessWire

Global Battery Market Analysis, Growth, Trends and Forecast To 2023 - ResearchAndMarkets.com

The "Global Battery Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The temporal decoupling between energy production and consumption can be overcome through a matched energy management, network expansion, or through the use of energy storage. Batteries are used to achieve that desired purpose. The major applications of batteries are in portable electronic equipment, uninterruptible power supplies (UPS) and automotive. Growing demand for electric, hybrid electric, and plug-in hybrid electric vehicles are creating a tremendous growth opportunity for the battery industry.

Before the evolution of lithium-ion battery, lead acid batteries were the dominant form of rechargeable batteries regarding growth rate, whereas w.r.t market share lead acid batteries are still dominant. Lead acid battery is expected to be the market with majority share in 2023 in volume, but Li-ion market is likely to be higher than Lead acid from 2020. Li-ion battery market is driven by Automotive & Industrial applications. The market for lithium-ion batteries has registered a CAGR of 25% during the period of 2000-2016.

Asia-Pacific is expected to be the fastest growing region during the forecast period, followed by North America and Europe. Growing demand for electric, hybrid electric, and plug-in hybrid electric vehicles are creating an excellent opportunity for the battery industry. About 140 million electric cars are expected to be on roads by 2030. Japan is another country, where battery industry is proliferating. Japan has ambitious targets to produce half of the world's batteries by 2020. Japan also has a subsidy program for 66% of the cost for homes and business that install lithium-ion batteries.

Companies Mentioned

  • Enersys
  • Exide Industries
  • GS Yuasa Corporation
  • Johnson Controls Inc.
  • Panasonic Corporation
  • Saft Groupe SA
  • Samsung SDI Co Ltd
  • Sony Corporation
  • Tesla

Key Topics Covered:

1. Executive Summary

2. Research Methodology

3. Market Overview

4. Market Dynamics

5. Value Chain Analysis

6. Porter's Five Forces Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Profiles

10. Competitive Landscape

11. Disclaimer

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