Press release
Rechargeable batteries Market Top Key Players - GS Yuasa International Ltd., BYD Company Ltd., A123 Systems LLC, Hitachi Chemical Co. Ltd., Duracell Ltd., Johnson Controls., NEC Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., and Toshiba Corpora
The growth in the global rechargeable battery market is primarily driven by a shift in consumer preference toward the usage of rechargeable batteries as they are more energy-efficient, produce less waste, and can be charged with a simple battery charger. Factors such as innovation in battery technology, the increasing demand in the automotive sector, and the adoption of electric vehicles are also adding to the growth.
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According to battery type, the Li-ion battery segment held the largest share in the global rechargeable batteries market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030. Based on application, the automotive segment dominated the global rechargeable batteries market in 2021. The segment is estimated to maintain its position and stay at the top during the forecast period of 2022-2030.
Geographically, the Asia Pacific region led the global rechargeable batteries market in 2021. The region is anticipated to remain dominant throughout the forecast period of 2022-2030. Countries such as the U.S. and Canada are among the key contributors to the market in the region. The North American region is expected to achieve the highest growth in the adoption of rechargeable batteries market during the forecast period. Countries including India, China, and Japan are the key contributors to the growth of the market.
Some of the major rechargeable batteries providing companies profiled in the report include GS Yuasa International Ltd., BYD Company Ltd., A123 Systems LLC, Hitachi Chemical Co. Ltd., Duracell Ltd., Johnson Controls., NEC Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., and Toshiba Corporation.
The global rechargeable batteries market is segmented based on product outlook, application outlook, and region. Based on product outlook, the market is bifurcated into lead-acid, li-ion, nickel metal hydride, nickel cadmium, and others. Based on application, it is classified into automotive batteries, industrial batteries, and portable batteries.
The global rechargeable batteries market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of the Middle East & Africa).
Key Insights of the Global Rechargeable batteries Market
● Based on product type, the Li-ion segment held the largest share in the global rechargeable batteries market in 2021. The segment is anticipated to retain its dominance further in the market during the forecast period of 2022-2030.
● Based on application, the automotive segment dominated the global rechargeable batteries market in 2021.
● Based on region, the Asia Pacific led the global rechargeable batteries market in 2021. The region is anticipated to remain dominant throughout the forecast period of 2022-2030.
● Based on region, the North American region is expected to achieve the highest growth in the global rechargeable batteries market during the forecast period of 2022-2030.
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