Battery is a collection
of one or more cells whose chemical reactions generate a flow of electrons in a
circuit. It provides the electric energy to automobile vehicles for starting,
lighting and ignition. Some
essential properties are durability,
low maintenance costs, dependability, and high discharge rate capability.
According to
study, “Batteries
Manufacturing Global Market Report 2019” the key companies operating in
the global batteries manufacturing market are Panasonic Corporation, GS Yuasa
Corporation, Fengfan Co. Ltd., Chaowei Power Holding Ltd., Zhejiang Haijiu
Battery Co. Ltd., EnerSys Ltd., East Penn Manufacturing Co Inc., Lithium Werks BV, Exide
Technologies, East Penn Manufacturing Co., Douglas Battery, GS Yuasa
International Ltd., Toshiba
Corporation, The Furukawa Battery Co. Ltd., Wanxiang Group Corporation, CamelGroup,
Contemporary Amperex Technology Co. Limited, Duracell Inc., BYD Co. Ltd, Johnson
Controls International plc, LG Chem Ltd, Saft Groupe S.A., Sony Corporation, Samsung
SDI Co. Ltd, CBAK Energy Technology, Inc., Tesla, Inc., TianJin Lishen Battery
Joint-Stock Co. Ltd. Based on type, the global batteries manufacturing market
is segmented into primary battery and secondary battery.
Primary batteries
are non-rechargeable, also known as disposable batteries while secondary
batteries are rechargeable or storage batteries. Based on component, market is
segmented into anode, cathode, electrolytic solution, and others. Based on
technology, market is segmented into lead-acid battery, nickel-metal hydride (NiMH)
battery, lithium-ion battery, nickel–zinc (NiZn) battery, nickel-cadmium (NiCd)
battery, sodium–sulfur (NaS) battery, flow battery, small sealed lead-acid
battery, zinc-manganese dioxide battery and other technologies (zinc-carbon
battery, dual carbon battery, silver-oxide battery, etc.). Based on
application, market is segmented into automotive batteries (HEV, PHEV, and EV),
power tools batteries, portable batteries (consumer electronics), and
industrial batteries (motive, stationary (telecom, Energy Storage Systems
(ESS), UPS etc.). In addition, based on end-use industry, market is segmented
into automotive
(scooters & bikes, cars and buses or trucks, trains & aircrafts),
electrical & electronics (UPS, smart-phones & tablet or PC), and
industrial (mining equipment, cranes & forklift and smart grid &
renewable energy storage).
The global batteries manufacturing market
is driven by rise in demand of hybrid, semi-hybrid and fully electric vehicles,
followed by increase in adoption rate of batteries in passenger vehicles, rise
in consumption of mobiles & laptop, rise in disposable income, emerging
economies, increase in technological innovations and rise in government
initiatives to replace fuel vehicle over battery vehicles. However, safety issues related
to battery usage and cost involved may impact the growth of market. Moreover, in
recent point in time energy efficient batteries are used in new gadgets which
are further adding major opportunity to the market.
Based on geography,
Asia-Pacific region holds the largest market share of global battery manufacturing market owing to
increase in battery demand in developing countries such as India and China. In
this region, the market is driven by rise in research & development
institutions, escalating adoption & utility of electric vehicles,
investments made by the private organizations, and coupled with initiatives
taken by the multinational organizations focused on developing batteries.
North America region is expected
to witness considerable growth due to production of technologically advanced
vehicles and rise in eco-friendly initiatives over the forecast period.
For more information on the research
report, refer to below link:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
