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City of Industry, CA -- (SBWIRE) -- 08/22/2018 -- This report studies the Battery Technology market size by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025.
Growing sales of vehicles and favourable government initiatives in developing economies such as India, China, Vietnam, and Mexico are likely to provide a fillip to the automotive battery market over the forecast period.
This segment includes Passenger Vehicles, Commercial Vehicles, Leisure & Recreation Vehicles, Industrial Vehicles and Others. The Passenger Vehicles segment was the leading contributing end user segment and will continue to lead the market until the end of 2025.
Batteries are classified by chemistry, and the most common are lead, lithium and nickel-based. Lead acid stands its ground as being a robust and economical power source for bulk use and hence is predominant technology for manufacturing storage batteries. Li-ion is the battery of choice for Electric Vehicles. Lead acid batteries are the most commonly used type. Large-scale availability of batteries in various sizes and specifications along with high current level is expected to drive the market over the forecast period. Lead acid batteries are relatively cheaper as compared to other batteries and can be manufactured with relatively lower technology equipment, which in turn is projected to keep their demand high through 2025. On the other hand, the lithium-ion batteries segment is expected to post the highest CAGR during the forecast period.
Of the major players of Battery Technology, Johnson Controls maintained its first place in the ranking in 2017. Johnson Controls accounted for 14.05 % of the Global Battery Technology revenue market share in 2017.
The global Battery Technology market was 52211.9 million US$ in 2017 and is expected to 95506.7 million US$ by the end of 2025, growing at a CAGR of 7.84% between 2018 and 2025.
Top Battery Technology by Players
Johnson Controls
Chaowei Power
GS Yuasa
Exide Technologies
CATL
East Penn Manufacturing
BYD
Panasonic
PEVE
EnerSys
OptimumNano
Camel
Exide Industries
LG Chem
GuoXuan
FIAMM
SAMSUNG SDI
Fengfan
Amara Raja Batteries
AESC
Lishen
Hitachi
Banner Batteries
Top Battery Technology by Regions
North America
Europe
Asia Pacific
South America
Middle East and Africa
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Market Breakdown by Type
Lead-acid Battery
Lithium-ion Battery
Others
Market Breakdown by Application
Passenger Vehicles
Commercial Vehicles
Industrial Vehicles
Others
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