Global Battery Market Will Grow at a CAGR 4.1% and Reach USD 113.8 Billion by 2023, from USD 89.2 Billion in 2017

New Global Battery Consumption Market 2023 Report Covers market forecast and top Companies like Johnson Controls, LG Chem, Panasonic, SAMSUNG, GS Yuasa and others.


Lewes, DE -- (SBWire) -- 01/11/2019 --Global Battery market will register a 4.1% CAGR in terms of revenue, reach US$ 113800 million by 2023, from US$ 89200 million in 2017.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

For industry structure analysis, the Battery industry is concentrated. These manufacturers are large multinational corporations. The top ten producers account for about 88% of the revenue market.
The production of Battery increased from 56918 K MT in 2013 to 63641 K MT in 2017 with an average growth rate of 2.25%.

Asia-Pacific occupied 45.20% of the sales market in 2017. It is followed by South America and Europe, which respectively account for around 19.23% and 18.43% of the global total industry. Other countries have a smaller amount of sales.

Over the next five years, study projects that Battery will register a 4.1% CAGR in terms of revenue, reach US$ 113800 million by 2023, from US$ 89200 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Battery market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:
Alkaline Battery
Acid Battery
Organic Battery

Segmentation by application:
Home Use
Commercial Use

This report also splits the market by region:
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Johnson Controls
LG Chem
GS Yuasa
East Penn
Tianjin Lishen
GP Batteries
Furukawa Battery
C&D Technologies
Nanfu Battery
Zhongyin (Ningbo) Battery

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Battery consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Battery market by identifying its various subsegments.
Focuses on the key global Battery manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Battery with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Battery submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 181 pages "Forecast of Global Battery Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Battery by Players, Battery by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Battery Market Forecast, Key Players Analysis, Research Findings and Conclusion.

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