2022 Rechargeable Battery Global Strategic Annual Report: Expanding Applications Drives Li-Ion Battery Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Rechargeable Batteries: Global Strategic Business Report ResearchAndMarkets.com Offer.

The global rechargeable battery market is projected to reach $147.2 billion by 2027

In the changed business landscape after COVID-19, the global rechargeable battery market, valued at US$100.2 billion in 2020, is projected to reach a revised size of US$147.2 billion by 2027, growing at a CAGR of 5.7% compared to the analysis grow period 2020-2027. Lead Acid, one of the segments analyzed in the report, is forecast to register a CAGR of -4.7% and reach US$34.6 billion by the end of the analysis period. After an early analysis of the business impact of the pandemic and the economic crisis it is causing, growth in the lithium-ion segment is adjusted to a revised annual growth rate of 12.6% for the next 7 years.

The US market is valued at US$27.3 billion while China is forecast to grow at 8.9% CAGR

The US rechargeable battery market is valued at US$27.3 billion in 2020. China, the second largest economy in the world, is forecast to reach a projected market size of US$30.2 billion by the year 2027, a CAGR of 8.7% over the 2020-2027 analysis period. Among the other notable geographic markets include Japan and Canada, which are forecasting growth of 2.7% and 4.6%, respectively, over the period 2020-2027. Within Europe, growth of approx. 3% CAGR is forecast for Germany.

Other Battery Chemicals segment is expected to record 9.1% CAGR

In the global Other Battery Chemistries segment, the US, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets, which together account for a market size of US$9.8 billion in 2020, will reach a projected size of US$17.2 billion by the end of the analysis period. China will remain one of the fastest growing in this cluster of regional markets. Led by countries like Australia, India and South Korea, the Asia-Pacific market is expected to reach US$20.6 billion by 2027, while Latin America is set to grow at a CAGR of 10.7% over the analysis period.

Select competitors (total 286 presented) –

  • Battery Technology Inc.

  • Beckett Energy Systems

  • BYD Company Ltd.

  • Duracell Inc.

  • Eagle Picher Technologies, LLC

  • Energizer Holdings, Inc.

  • E-One Moli Energy Corp.

  • Eveready Industries India Ltd.

  • FDK Corp.

  • GS Yuasa Corp.

  • Highpower International Inc.

  • Jiangmen TWD Technology Co., Ltd.

  • Johnson Controls International Plc

  • LG Chem

  • Maxell Holdings, Ltd.

  • Panasonic Corp.

  • Saft Groupe SA

  • Samsung SDI Co.Ltd.

  • Spectrum Brands, Inc.

  • Tohoku Murata Manufacturing Co.,Ltd.

  • Ultralife Corp.

  • VARTA Consumer Batteries GmbH & Co. KGaA

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rechargeable Batteries: The Out and Out Driver for the Lithium Industry

  • Lithium Batteries – Unperturbed Growth

  • Expansion of applications fuels the growth of Li-ion batteries

  • Existing and new applications of lithium-ion batteries

  • Battery manufacturers optimize energies for the booming digital world

  • LiB prices are softening

  • Ongoing research to find substitutes for lithium in batteries

  • Advancing Li-S battery technology as a cheaper alternative to Li-ion chemistry

  • Nano-enabled batteries will grow

  • Types of nano-enabled batteries and applications

  • Futuristically curved batteries are increasingly attracting attention

  • The demand for elecfoil for rechargeable batteries will increase

  • Demand for NiCd batteries declining

  • NiMH – A mature technology but strong in consumer applications

  • Large manufacturers hinder the growth of small companies

  • Manufacturers rely on continuous innovation to stay afloat

  • Existing chemistries face increasing competition from the latest battery chemistries

  • Ready-to-use rechargeable batteries – Ready to create a revolution

  • Super Charge Ion Battery (SCiB) – A threat to Li-ion batteries

  • Asia Pacific – Dominates production of lithium-ion batteries

  • Advanced Batteries sector – an overview

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

companies mentioned

  • Battery Technology Inc.

  • Beckett Energy Systems

  • BYD Company Ltd.

  • Duracell Inc.

  • Eagle Picher Technologies, LLC

  • Energizer Holdings, Inc.

  • E-One Moli Energy Corp.

  • Eveready Industries India Ltd.

  • FDK Corp.

  • GS Yuasa Corp.

  • Highpower International Inc.

  • Jiangmen TWD Technology Co., Ltd.

  • Johnson Controls International Plc

  • LG Chem

  • Maxell Holdings, Ltd.

  • Panasonic Corp.

  • Saft Groupe SA

  • Samsung SDI Co.Ltd.

  • Spectrum Brands, Inc.

  • Tohoku Murata Manufacturing Co.,Ltd.

  • Ultralife Corp.

  • VARTA Consumer Batteries GmbH & Co. KGaA

For more information about this report, visit https://www.researchandmarkets.com/r/4mazc2

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