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.

Global Battery Market: Demand Analysis

A battery 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.

Global 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 electric-vehicle batteries.

Global Battery Market: Market Trends and Growth Drivers

·         Graphene Balls

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] 

Since the 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.

·         Foldable Batteries

These 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.

·         StoreDot Charging

Such a 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

Alcatel, a 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: Competitive Landscape

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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Related Reports:

Lithium-ion Battery Market

Smart Battery Market

Nanowire Battery Market

What can you expect from the report?

The global battery market is prepared with the main agenda to cover the following 20 points:

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 Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

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 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 and Beverages, Information Technology, and Life sciences and Healthcare.