Battery Market To Grow at a CAGR of 6.2% Between 2018 to 2026 | Leading Industry Players like BYD Company Limited, Duracell, Eveready Industries, Johnson Controls, Exide Technologies, LG Chem Limited, Sony Corporation and others.

Global Battery Market Research Report 2018. The research report presents a comprehensive assessment of the battery market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes.

The global Battery Market is anticipated to grow at a CAGR of 6.2% during 2018-2026 according to a new research published by Polaris Market Research. In 2018, the consumer electronics segment accounted for the highest market share in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global Battery market revenue in 2018.

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The demand for smartphones and other mobile devices is increasing worldwide, promoting the growth of the Battery market. The growing use of batteries in varied industries such as aerospace and defense, healthcare, and electronics has accelerated the battery market growth. Increasing disposable incomes in developing countries, rising living standards, and growing environmental concerns foster the Battery market growth. The demand for battery electric vehicles has increased significantly over the years owing to increasing prices of gasoline across the globe, resulting in increased adoption of batteries.

The exponential growth in the prices of gasoline and diesel owing to the depleting fossil fuel reserves has encouraged consumers to switch to battery electric vehicles, thereby supporting the battery market growth. Leading global players are expanding their presence in developing nations of China, japan, India, Indonesia, and Malaysia to tap the battery market growth opportunities offered by these countries.

There has been a significant reduction in the prices of Li-ion batteries over the years, which drives the growth of the battery market. Most electric vehicles are equipped with Li-ion batteries. The prices of lithium-ion batteries have fallen by nearly half since 2014. Declining battery prices in turn result in lower prices of battery electric vehicles. According to the Institute for Energy Research, the cost of a Tesla battery pack in the current scenario is $190 per kWh. It is predicted that the cost would reach $100 per kWh by 2020, significantly increasing the market share of battery electric vehicles as well. The increasing production volume of batteries, and increasing adoption of batteries in electric vehicles and hybrid electric vehicles have resulted in reduced costs of batteries.

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Asia-Pacific generated the highest Battery market revenue in 2018, and is expected to lead the global Battery market throughout the forecast period. The growing population, rising disposable incomes, and increasing penetration of mobile devices has increased the Battery market growth in the region. The increasing demand of batteries from industries such as healthcare, automotive, electronics, and defense among others, coupled with growing acceptance of green technology and electric vehicles drives the Battery market growth in the region.

The well-known companies profiled in the Battery market report include BYD Company Limited, Duracell, Eveready Industries, Johnson Controls, Exide Technologies, LG Chem Limited, Sony Corporation, NEC Corporation, Panasonic Corporation, Toshiba Corporation, Samsung SDI Company Limited, and EnerSys. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

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Snapshot Table of content:

Chapter 1. Overview and Scope

1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders

Chapter 2. Executive Summary

2.1. Market Definition
2.2. Market Segmentation

Chapter 3. Battery Market Insights

3.1. Battery – Industry snapshot
3.2. Battery - Ecosystem analysis
3.3. Battery Market Dynamics
3.3.1. Battery – Market Forces
3.3.1.1. Battery Market Driver Analysis
3.3.1.2. Battery Market Restraint/Challenges analysis
3.3.1.3. Battery Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Battery Market PEST Analysis, 2017
3.6. Battery Market Value Chain Analysis
3.7. Battery Industry Trends
3.8. Competitive Ranking Analysis

Chapter 4. Battery Market Size and Forecast, 2018-2026 by Type

4.1. Key Findings
4.2. Lead Acid
4.3. Lithium-Ion
4.4. Nickel Metal Hydride
4.5. Nickel Cadmium
4.6. Others

Chapter 5. Battery Market Size and Forecast, 2018-2026 by End-User

5.1. Key Findings
5.2. Automotive
5.3. Industrial
5.4. Consumer Goods
5.5. Others

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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