Battery Technology Market By Size, Share, Trend, Opportunities & Forecast To 2023

Global battery technology market includes primary batteries used in electronic keys, watches, remote controls, toys etc. and secondary batteries used in automotives & aviation and portable & stationery batteries. The global advanced energy storage system market is expected to attain market revenue of $10.8 billion by 2018 at a CAGR of 10% between 2013 and 2018. The battery technology market is a key constituent of the advanced energy storage system market; therefore, the market is expected to have a sustainable growth rate. It is estimated that there would be 40% increase in demand for electricity between 2010 and 2040. The ever increasing demand for electricity is one of the prime drivers for the market as power can be efficiently stored in the batteries.

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However, some legislation such as the EU Batteries Directive limits the use of some substances such as mercury, lead and cadmium as these substances are not environmentally friendly. This is a major restraint for the market growth as manufacturers have limited resources to explore and produce new and better batteries. Manufacturers are trying to overcome this challenge by engaging in research and development to use other substances for batteries.

The key players operating in the market include
• Hitachi Maxell Corp.
• Exide Corp.
• American Battery Charging Inc.
• Honda Inc.
• China Bak Battery Inc.
• Sony Corp.
• Fujitsu Ltd
• General Electric Co.
• Google Inc.
• Honeywell Batteries.

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KEY BENEFITS

• This report provides market intelligence with respect to applications, battery types, power systems and geographies so that companies can make precise decisions about their investment options

• Deep dive analysis of the drivers, restraints and opportunities of the market and their impact analysis of these factors in short and medium term
• Value chain analysis provides understanding of the significance of the all stakeholders of the market

• Porter’s five force analysis provides the competitive scenario, threat of new entrants and substitutes along with the potency of suppliers and buyers

• SWOT analysis and recent developments of key players are included in the report so that companies can understand the strategies adopted by competitors and make changes to their plans for sustained growth

• Estimations are calculated according to the current market scenario and projected future trends for the analysis period of 2013-2020 with base revenue of 2012

• The report discusses the trends and opportunities in various geographies so that companies can make region specific plans and gain competitive edge.

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