DUBLIN--(BUSINESS WIRE)--The "Rechargeable Batteries: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Rechargeable Batteries Market to Reach $147.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Rechargeable Batteries estimated at US$100.2 Billion in the year 2020, is projected to reach a revised size of US$147.2 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Lead Acid, one of the segments analyzed in the report, is projected to record a -4.7% CAGR and reach US$34.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium-Ion segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $27.3 Billion, While China is Forecast to Grow at 8.9% CAGR
The Rechargeable Batteries market in the U.S. is estimated at US$27.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.2 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Other Battery Chemistries Segment to Record 9.1% CAGR
In the global Other Battery Chemistries segment, USA, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.8 Billion in the year 2020 will reach a projected size of US$17.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$20.6 Billion by the year 2027, while Latin America will expand at a 10.7% CAGR through the analysis period.
Select Competitors (Total 286 Featured) -
- Battery Technology Inc.
- Beckett Energy Systems
- BYD Company Ltd.
- Duracell Inc.
- EaglePicher Technologies, LLC
- Energizer Holdings, Inc.
- E-One Moli Energy Corp.
- Eveready Industries India Ltd.
- FDK Corp.
- GS Yuasa Corp.
- Highpower International Inc.
- Jiangmen TWD Technology Co., Ltd.
- Johnson Controls International Plc
- LG Chem
- Maxell Holdings, Ltd.
- Panasonic Corp.
- Saft Groupe S.A.
- Samsung SDI Co. Ltd.
- Spectrum Brands, Inc.
- Tohoku Murata Manufacturing Co., Ltd.
- Ultralife Corp.
- VARTA Consumer Batteries GmbH & Co. KGaA
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rechargeable Batteries: The Out and Out Driver for Lithium Industry
- Lithium Batteries - Undeterred Growth
- Widening Applications Spur Growth for Li-Ion Batteries
- Existing and Emerging Applications of Lithium-Ion Batteries
- Battery Makers Tuning Energies for the Booming Digital World
- LiB Prices to Soften
- Ongoing Researches for Finding Replacement of Lithium in Batteries
- Pushing Li-S Battery Technology as a Cheaper Alternative to Li-ion Chemistry
- Nano-Enabled Batteries Set to Grow
- Types of Nano-Enabled Batteries and Applications
- Futuristic Curved Batteries Gaining Heightened Attention
- Demand for Rechargeable Battery-Use Elecfoil Poised to Grow
- NiCd Battery Demand on Decline
- NiMH - A Mature Technology, Yet Strong in Consumer Applications
- Large Scale Manufacturers Hinder Growth of Small Scale Players
- Manufacturers Resort to Continuous Innovation to Stay Afloat
- Existing Chemistries Face Increased Competition from Latest Battery Chemistries
- Ready-to-Use Rechargeable Batteries - Set to Create a Revolution
- Super Charge Ion Battery (SCiB) - A Threat to Li-Ion Battery
- Asia-Pacific - Dominating the Lithium-ion Battery Production
- Advanced Batteries Sector - An Overview
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
- Battery Technology Inc.
- Beckett Energy Systems
- BYD Company Ltd.
- Duracell Inc.
- EaglePicher Technologies, LLC
- Energizer Holdings, Inc.
- E-One Moli Energy Corp.
- Eveready Industries India Ltd.
- FDK Corp.
- GS Yuasa Corp.
- Highpower International Inc.
- Jiangmen TWD Technology Co., Ltd.
- Johnson Controls International Plc
- LG Chem
- Maxell Holdings, Ltd.
- Panasonic Corp.
- Saft Groupe S.A.
- Samsung SDI Co. Ltd.
- Spectrum Brands, Inc.
- Tohoku Murata Manufacturing Co., Ltd.
- Ultralife Corp.
- VARTA Consumer Batteries GmbH & Co. KGaA
For more information about this report visit https://www.researchandmarkets.com/r/4mazc2
