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Battery Market Trend 2020 – Covid-19 Impact Industry Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2024

Battery

Global “Battery Market” Report 2020 trend offers Complete examination of industry status and standpoint of significant areas dependent on of central participants, nations, item types, and end enterprises. This report focuses on the Battery in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Battery Market report categorizes the market based on manufacturers, regions, type and application. Battery Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.

Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Battery Market report categorizes the market based on manufacturers, regions, type, and application. Battery Market reports offer a detailed assessment of the Battery including enabling technologies, current market situation, market assumptions, restraining factors.

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List of Top Key-players in 2020 of Battery Market:-

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

The Global Battery market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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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. Rise in need for security of energy supply, technological development, increasing disposable income of customers, development of a new application for batteries and decreasing prices of raw materials for manufacturing latest battery products further aided the battery industry. However, the availability of alternatives, like fuel cells, diesel generators, etc., coupled with uncertain regulations may hinder the growth of the market in some countries.

Moreover, to meet the power demand during peak periods, utilities are expected to continue implementing energy storage solutions, of which, most of the energy is generated from renewable energy sources, during off-peak periods. Evolving business models and involvement of utilities in the energy storage space are expected to further enhance the adoption of energy storage systems (ESSs) in the future. Also, the growing need for increased self-consumption of PV electricity on a household level leads to increased demand for household storage systems. This is likely to escalate the demand for batteries during the forecast period.

Lithium Ion Battery is expected to Witness the Highest Growth during the Forecast Period
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. At present, lead acid batteries occupy the clear majority of the automobile market, stationary storage and hospital equipment. While the upfront cost of lead-acid batteries is still lower than lithium-ion batteries, factors including lower energy density, weight, shorter cycle life, and higher true cost considering lifespan and performance contribute to expectations that growth in lead-acid batteries is expected to be restrained when compared to lithium-ion batteries.

The dominance of Asia-Pacific is expected to continue

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. The need of flexibility within the electricity system increases with the upcoming proportion of renewable energy generation across various countries. Also, the government policies of multiple nations have become more encouraging and favoring the grid and the renewable energy storage. These supportive policies are expected to drive the demand for the batteries and in turn, provide growth in revenues to the battery manufacturers.

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The global Battery market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Battery Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Key Developments in the Battery Market:

  • January 2018: Contemporary Amperex Technology Co Ltd (CATL) announced plans for USD 2 billion IPO in Shenzhen, to build two battery plants, including a giant 24 GWh facility, which would help to massively boost its output
  • November 2017: Samsung Advanced Institute of Technology (SAIT) developed a unique battery material, graphene ball, which enables a 45% increase in capacity, and five times fast-charging speeds than standard lithium-ion batteries
  • July 2017: Seiko Instruments Inc.’s subsidiary company, SII Semiconductor Corporation, introduced S-8223A/B/C/D Series 2-to-3 cell secondary battery protection IC for lithium-ion rechargeable batteries

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    This Battery Market Research/analysis Report Contains Answers to your following Questions

    • Which Manufacturing Technology is Used for Battery? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Battery Market? What’s Their Company Profile, Their Product Information, Contact Information?
    • What Was Global Market Status of Battery Market? What Was Capacity, Production Value, Cost and PROFIT of Battery Market?
    • What Is Current Market Status of Battery Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Battery Market by Taking Applications and Types in Consideration?
    • What Are Projections of Global Battery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
    • What Is Battery Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
    • What Is Economic Impact On Battery Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • What Are Market Dynamics of Battery Market? What Are Challenges and Opportunities?
    • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Battery Industry?

    Reasons to Purchase this Report

  • Current and future battery market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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    Finally, the report Global Battery Market 2020 describes the Battery industry expansion game plan, the Battery industry knowledge supply, appendix, analysis findings, and the conclusion.

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