In developing economies, increasing
disposable income and consumer spending is supporting the sales of consumer
electronic products such as laptops and mobile phones, thereby augmenting opportunities in the
global batteries market. As per the evaluations of a fresh business study from IndustryARC, the global battery market value stood at $115.62 billion as of 2018, and the opportunities will be ballooning at a healthy compound annual growth rate (CAGR) of 8.21% during the
forecast period of 2019 to 2025.
IndustryARC’s latest research report
is 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 - Forecast(2019-2025).” The report
also notes that there are more mobile phones than people in the world, and since all the
phones are powered with rechargeable lithium-ion batteries, the battery market continues attaining newer heights. Furthermore, electric vehicle trend is anticipated to have radical disruptions in the global battery market in the near future.
Battery Market: Demand Analysis
consists of electrochemical cells that powers electrical devices. It converts
chemical energy into electrical energy. Some of the examples can be lead-acid batteries that
are used in passenger and commercial vehicles. Some of the major applications batteries are uninterrupted power supplies (UPS), portable electronic
equipment, and automotive.
Battery Market: Leading Segments
After an analysis of the global battery
regional market segment, APAC is gauged to be dominating in terms of global
demand with 31.09% share in 2018. This dominance is due to several factors such
as increasing disposable income, rising demand for hybrid and semi-hybrid
electric vehicles, passenger vehicles, and rising consumption of mobile phones
and laptops in the South-East Region. Additionally, Japan’s Panasonic and South
Korea’s LG Chem are planning to add up their production capacity in China for
Battery Market: Market Trends and Growth Drivers
The next trend in the future will be of
graphene balls that are made up of a lattice of carbon atoms. The researchers
are studying ways in which they can use
graphene in the batteries. It is
a material that would allow lithium-ion batteries charge faster. That alone
will have a huge impact on the consumer electronics and automotive industries.
Wi-Fi Changing Batteries[Pk1]
smart devices are being used smartly and are getting more advanced, there is
wireless inductive changing technology. It seizes energy from available Wi-Fi
or any other electromagnetic waves around the battery. The rectenna that is
used in it makes it highly flexible. This converts the AC to DC power.
Gold Nanowire Batteries
The future of
batteries can be gold nanowire, they are thinner than a human hair for
approximately a thousand times. These batteries if charged for 200,000 times in
three months still there will be no degradation.
batteries are developed by Jenax Inc. They have been developed to make bendable
gadgets. They are paper-like batteries that can be folded and are waterproof
that can be easily kept in clothing and wearables. This battery is already
tested and will be in the market soon.
charging uses StoreDot charger. It uses the biological semiconductors made from
organic compounds. It can recharge any smartphone in just 60 seconds. StoreDot,
a company is also planning to build a battery that can charge an electric
vehicle in just 30 seconds and it can move up to 300 miles.
Transparent Solar Charger
mobile phone company, has demonstrated a mobile phone with a transparent solar
panel on the screen that will help in charging the phones via sunlight. The
company is hoping to launch it commercially and enhance the demand of batteries
in the global market.
Global Batteries Market:
Some of the
key companies identified in the report that are currently holding majority
shares in the global batteries market are Delphi Automotive LLP, Samsung SDI
Company Limited, Toshiba Corporation, Delphi Automotive LLP, Panasonic
Corporation, LG Chem, Saft Groupe SA, GS Yuasa Corporation, Trojan Battery
Company, and A123 Systems.
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What can you expect from the
battery market is prepared with the main agenda to cover the following 20
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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application or end user industry.
2. Increase the number of countries in
3. Find out market shares for other
smaller companies or companies which are of interest to you.
4. Company profiles can be requested
based on your interest.
5. Patent analysis, pricing, product
analysis, product benchmarking, value and supply chain analysis can be
requested for a country or end use segment.
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About IndustryARC: IndustryARC is
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in various industries such as Agriculture, Automotive, Automation &
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