Global Battery Market: Consumer Electronics and Automotive Key End Use Industries
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.
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.
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.
Battery Market: Market Trends and Growth Drivers
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.
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.
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:
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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What can you expect from the
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
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