Global Battery Market Research Report - Forecast to 2023

Global Battery Market Information by Battery Type (Lead acid, Lithium ion, Nickel metal hydride and Nickel cadmium), by Application (Portable, Automotive, Industrial) and Region - Forecast to 2023

ID: MRFR/E&P/2154-HCR | February 2021 | Region: Global | 110 pages

Market Scenario of Global Battery Market


Market Scenario


Battery is a device that provides the electric energy to automobiles for starting, lighting and ignition. The global battery market has seen a remarkable growth over the past few years and it has been anticipated that the global market will maintain the growth status during the forecast period. The rising demand of hybrid, semi-hybrid and fully electric vehicles will drive the global battery market. Also the adoption rate of these batteries in passenger vehicles, is increasing, which will drive this market. Rising consumption of mobiles and laptop, technological innovations, emerging economies and growing disposable income & government initiatives to replace fuel vehicle over battery vehicles, are some of the major factors, which are driving the global market.


However, both safety issues related to battery usage and the cost involved may hamper the growth of global battery market. The Global battery market is expected to grow by a CAGR of 4% during the forecast period.


Study Objectives of Battery Market:



  • To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global battery market

  • To provide insights about factors affecting the market growth

  • To analyze the global battery market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by battery type and application

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, merger and acquisitions, new product developments, and research and developments in the global Battery market


Global Battery Market: Segmentation

Battery Market Segmentation


Regional Analysis of Battery Market


Asia-Pacific is dominating the market of battery due to the rising demand for automobiles and industrialization. The developing countries in Asia-Pacific such as China and India are expected to hold the largest market share of the battery market due to rising automotive production activities. Rising demand from consumer electronics segment and increasing number of electric vehicles in China and Japan are driving the market towards growth.


North America region is also vital in the growth of global battery market, due to the rising eco-friendly initiatives & production of technologically advanced vehicles. This region will grow at a good pace during the forecast period.


Key Players


The leading players in the battery market are Exide Technologies (U.S.), Douglas Battery (U.S.), Penn Manufacturing Company, Inc.(U.S.), Johnson Controls Inc(U.S.), The Furukawa Battery Co. ltd (Japan), Zhejiang Haijiu Battery Co. Ltd (China), Chaowei Power Holding ltd (China), CamelGroup (Italy) and Fengfan Co. Ltd.(China)


Target Audience                                                 



  • Organizations

  • Manufacturer

  • Research Institute / Education Institute

  • Potential Investors


Product Analysis



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis



  • Geographical analysis across 15 countries


Company Information



  • Profiling of 10 key  market players

  • In-depth analysis including SWOT analysis, and strategy  information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Battery Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advance Waterstop, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Frequently Asked Questions (FAQ) :


The market is all set to record a notable CAGR of 4% in the next few years.

Increasing use of mobiles and laptops, technological advancements, emerging countries, mounting disposable income and government initiatives would ensure that the market size expands magnificently by 2023.

Fengfan Co. Ltd.(China), Penn Manufacturing Company, Inc.(U.S.), CamelGroup (Italy), Douglas Battery (U.S.), The Furukawa Battery Co. ltd (Japan), Chaowei Power Holding ltd (China), Zhejiang Haijiu Battery Co. Ltd (China), Exide Technologies (U.S.), Johnson Controls Inc(U.S.), are the chief players in the market.

Surge in the number of eco-friendly initiatives and the increasing production of technologically advanced vehicles make North America a strong market for battery.

India and China hold the largest share in the APAC market.