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Global Battery Market | The Overall Battery Market Is Expected To Grow At A CAGR Of Over 8% During The Forecasted Period Of 2021-2026: Bonafide Research

Global Battery Marke

iCrowdNewswire   Feb 22, 2021  3:00 AM ET

Global Battery Market Outlook, 2026

The report title ‘Global Battery Market Outlook, 2026’ published by Bonafide Research gives a complete insight on the battery classified on basis of type (primary & secondary), technology (lead-acid, lithium-ion, nickel cadmium & nickel metal hydride), and application (automotive, industrial & portable). The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26. Globally the secondary battery type has been an unbeatable market dominator. The number of people without access to electricity in the African region is to increase by over 600 million in 2030, despite efforts to boost electrification. The Sub-Saharan and rural south Asian regions, in particular, are expected to be one of the central hotspots for off-grid solar initiatives. As a result, the use of energy storage with solar photovoltaic technology has been gaining popularity in these countries, which is likely to create an enormous opportunity for the battery market. The Middle East & Africa and Asia Pacific region together are expected to account for a market share of over 50% by the end of the forecasted period.

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The lithium-ion battery segment is expected to cross a market of USD 60 Billion by the end of the forecasted period, recording the highest CAGR. Major factors driving the market include declining prices, rapid adoption of electric vehicles, growing renewable sector, and increased sale of consumer electronics. On the other hand, the demand-supply mismatch of raw materials is the hindrance to the market growth. Significant increases in battery energy density will probably require a disruptive technology involving a lithium anode. The market-leading segment of lead-acid batteries is expected to report the lowest CAGR of 5.98% through the forecasted period. High demand for portable electronics, including LCDs, smartphones, tablets, and wearable devices such as fitness bands, is boosting the market growth. The market is expected to observe substantial growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovation.

The automotive sector recorded at a market of USD 37.65 Billion in 2015 is expected to be the major application segment for the battery market in the near future. In the current market scenario, policy support plays a crucial role in driving the adoption of electric vehicles. Policy support enables market growth by making vehicles appealing to consumers, reducing risks for investors, and encouraging manufacturers to develop electric vehicles on a large scale. Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies. The share of portable battery applications is expected to decline further to a share of 32.54% by the end of the year 2026.

New markets that further boost battery growth are the electric bicycle and storage systems for renewable energy, from which homeowners, businesses, and developing nations are benefiting. Large grid storage batteries collect surplus energy during high activity and bridge the gap when the input is low or when user demand is heavy. The market comprises a network of players, including major global players as well as localized regional players. Most of these companies are headquartered in China, making it the highest contributing country, with 12.69% in 2020. Key players in the global battery market Johnson Controls, Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe SA, Delphi Automotive LLP, LG Chem, and Panasonic Corporation among others.

We provide 10% free customization with this report, we have considered covid-19 effect for year 2020 and in forecast period.

Major Companies Present in the market

The key players of the Global Battery market are A123 System LLC, BYD Company Limited, C&D Technologies Inc, Clarios, Contemporary Amperex Technology Corporation Limited, GS Yuasa International Limited, Hitachi Chemical Corporation Limited, LG Chem Limited, Panasonic Corporation, Saft Group SA, Samsung Corporation Limited, Sony Corporation, Toshiba Corporation

Considered in this report

• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026

Countries Covered in the report: USA, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, Australia, Brazil, Argentina, Colombia, UAE, Saudi Arabia, Qatar, Africa.

The Following aspects are covered in the report ” Global Battery Market Outlook, 2026

  • Market Size By Value for the time period (2015-2026F)
    • Market Share by Battery Type (Primary & Secondary)
    • Market Share by Battery Technology (Lead Acid, Lithium Ion, Nickel Cadmium & Nickel Metal Hydride)
    • Market Share by Battery Application (Automotive, Industrial & Portable)
    • Market Share by Region
    • Market Share by Country
    • Market Share by Company

To Access Complete Report:


1. Executive Summary
2. Report Methodology
3.Global Battery Market Outlook
3.1. Market Size by Value
3.2. Market Share
3.2.1. By Battery Type
3.2.2. By Battery Technology
3.2.3. By Application
3.2.4. By Region
3.2.5. By Country
3.2.6. By Company
3.3. Global Lead Acid Battery Market Outlook
3.4. Global Lithium Ion Battery Market Outlook
3.5. Global Nickel Metal Hydride Battery Outlook
3.6. Global Nickel Cadmium Battery Outlook
4. North America Battery Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Battery Type
4.2.2. By Battery Technology
4.2.3. By Application
4.2.4. By Country
4.3. US Battery Market Outlook
4.3.1. Market Size by Value
4.3.2. Market Share
4.4. Mexico Battery Market Outlook
4.4.1. Market Size by Value
4.4.2. Market Share
4.5. Canada Battery Market Outlook
4.5.1. Market Size by Value
4.5.2. Market Share
5. Europe Battery Market Outlook
5.1. Market Size by Value
5.2. Market Share
5.2.1. By Battery Type
5.2.2. By Battery Technology
5.2.3. By Application
5.2.4. By Country
5.3. Germany Battery Market Outlook
5.3.1. Market Size by Value
5.3.2. Market Share
5.4. UK Battery Market Outlook
5.4.1. Market Size by Value
5.4.2. Market Share
5.5. France Battery Market Outlook
5.5.1. Market Size by Value
5.5.2. Market Share
5.6. Italy Battery Market Outlook
5.6.1. Market Size by Value
5.6.2. Market Share
5.7. Spain Battery Market Outlook
5.7.1. Market Size by Value
5.7.2. Market Share
5.8. Russia Battery Market Outlook
5.8.1. Market Size by Value
5.8.2. Market Share
6. Asia Pacific Battery Market Outlook
6.1. Market Size by Value
6.2. Market Share
6.2.1. By Battery Type
6.2.2. By Battery Technology
6.2.3. By Application
6.2.4. By Country
6.3. China Battery Market Outlook
6.3.1. Market Size by Value
6.3.2. Market Share
6.4. Japan Battery Market Outlook
6.4.1. Market Size by Value
6.4.2. Market Share
6.5. Australia Battery Market Outlook
6.5.1. Market Size by Value
6.5.2. Market Share
6.6. India Battery Market Outlook
6.6.1. Market Size by Value
6.6.2. Market Share
7. Latin America Battery Market Outlook
7.1. Market Size by Value
7.2. Market Share
7.2.1. By Battery Type
7.2.2. By Battery Technology
7.2.3. By Application
7.2.4. By Country
7.3. Brazil Battery Market Outlook
7.3.1. Market Size by Value
7.3.2. Market Share
7.4. Argentina Battery Market Outlook
7.4.1. Market Size by Value
7.4.2. Market Share
7.5. Colombia Battery Market Outlook
7.5.1. Market Size by Value
7.5.2. Market Share
8. Middle East & Africa Battery Market Outlook
8.1. Market Size by Value
8.2. Market Share
8.2.1. By Battery Type
8.2.2. By Battery Technology
8.2.3. By Application
8.2.4. By Country
8.3. UAE Battery Market Outlook
8.3.1. Market Size by Value
8.3.2. Market Share
8.4. Saudi Arabia Battery Market Outlook
8.4.1. Market Size by Value
8.4.2. Market Share
8.5. Qatar Battery Market Outlook
8.5.1. Market Size by Value
8.5.2. Market Share
8.6. South Africa Battery Market Outlook
8.6.1. Market Size by Value
8.6.2. Market Share
9 History and Manufacturing Process
9.1 Lead Acid Battery
9.2 Lithium Ion Battery
9.3 Nickel Cadmium Battery
9.4 Nickel Metal Hydride Battery
10 Market Dynamics
10.1 Key Drivers
10.2 Key Challenges
11 Market Trends and Developments
12 Competitive Landscape
12.1 Porter’s Five Forces Model
12.2 Company Profiles
12.3 Company Overviews
13 Strategic Recommendations
14 Disclaimer

Contact Information:

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About us: Bonafide Research is one of the fastest growing market research and consulting company. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. In house, we have published 3500+ high quality research reports with major focus on Indian market. Our client base consists of BCG, Ernst & Young, PwC, McKinsey & Company, Inflexion, Nestle, Unilever, Crompton Greaves, SRF, CPF, Aramax.


Keywords:    Global Battery Market, Global Lead Acid Battery Market, Global Lithium Ion Battery Market, Global Nickel Metal Hydride Battery Market, Global Nickel Cadmium Battery, Market Trends, Market Dynamics, Market Forecast, Market Research, Market Reports, Bonafideresearch

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