The COVID-19 pandemic disruption is estimated to transform the Batteries market in the years to come drastically, and its after-effects will be persistently seen in the years ahead. The MRFR report on the Batteries market meticulously tracks the COVID-19 pandemic effect for the years ahead. Moreover, the precise analysis of drivers and restraints in a post-COVID-19 market offers a coherent understanding of future growth cues.
As per the analysis by Market Research Future Reports (MRFR), the global Batteries Market is estimated to expand at a CAGR of 4% during the forecast period. The global Batteries Market 2020 is driven by the increasing adoption of these batteries in passenger vehicles. Besides, there has been a rise in demand for semi-hybrid, fully electric, and hybrid vehicles, that drives the global market significantly. Furthermore, the increasing disposable income and the initiatives taken by the government to encourage the usage of battery vehicles instead of fuel vehicle has resulted in the augmentation of the global Batteries Market. Besides, the rapid technological innovations and the increasing sales of mobile phones and laptop has resulted to a significant elevation in the market. On the other hand, there are some factors which impede the expansion. The expenses related to the batteries and the concerns regarding safety are some of the factors which hamper the expansion of the market.
Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.
The forefront players of the global batteries market are-
Douglas Battery (U.S.), Exide Technologies (U.S.), Penn Manufacturing Company, Inc.(U.S.), The Furukawa Battery Co. Ltd (Japan), Johnson Controls Inc(U.S.), Zhejiang Haijiu Battery Co. Ltd (China), CamelGroup (Italy), Fengfan Co. Ltd.(China), and Chaowei Power Holding Ltd (China).
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Industry News
General Motors, a Detroit based company, announced that it is “almost there” on presenting an electric vehicle that will last one million miles. The current electric vehicle battery lasts 100,000 to 200,000 miles. Besides, General Motors is also working on next-generation batteries, which is more advanced than the new Ultium battery, which was unveiled in March. It also announced its USD 2.3 billion battery production joint venture in Ohio with Korean Partner LG Chem would be known as Ultium Cells LLC.
Market Segmentation
The global Batteries Market can be segregated on the basis of application, battery type, and region.
On the basis of application, the global Batteries Market can be classified into Heavy Vehicles, Two/Three Wheelers, Electric Cars, and others.
On the basis of battery type, the global Batteries Market can be classified into Lead-acid, Nickel-cadmium, Lithium-ion, and Nickel-metal hydride.
On the basis of region, the global Batteries Market can be classified into North America, Middle East & Africa, South America, Asia-Pacific, and Europe.
Regional Analysis
The geographical analysis of North America, the Middle East & Africa, South America, Asia-Pacific, and Europe has been conducted. As per the analysis by MRFR, among all regions, North American region leads the global batteries market due to the increasing manufacturing of technically advanced vehicles and the environment-friendly initiatives. As per the analysis, the region is likely to expand at a significant pace during the forecast period. The analysis also states that the APAC region is anticipated to show a substantial expansion during the review period. The APAC region is expanding due to the growing demand for commercial and passenger vehicles and the rise in disposable income. Besides, the region is witnessing a significant rise in automobile demand and rapid industrialization. The developing nations of the region like India and China are estimated to acquire the maximum market share. Furthermore, the growing number of vehicles in Japan and China and the increasing demand for consumer electronics vertical is likely to augment the market further.
Scope of Report
The report for Global Batteries 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, technological advancement, 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.
Study Objectives of Batteries Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Batteries Market
- To provide insights about factors affecting the market growth
- To Analyze the Global Batteries Market based on various factors 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 Batteries Market
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Table of Content
1. REPORT PROLOGUE
2. INTRODUCTION
2.1. DEFINITION
2.2. SCOPE OF THE STUDY
2.2.1. RESEARCH OBJECTIVE
2.2.2. ASSUMPTIONS
2.2.3. LIMITATIONS
2.3. MARKET STRUCTURE
2.4. MARKET SEGMENTATION
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
4. MARKET DYNAMICS
4.1. DRIVERS & OPPURTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS
Continued……….
LIST OF TABLES
TABLE 1 GLOBAL BATTERIES SYSTEMMARKET SNAPSHOT
TABLE 2 DRIVERS FOR THE MARKET
TABLE 3 RESTRAINTS FOR THE MARKET
TABLE 4 GLOBAL BATTERIES MARKET, BY BATTERY TYPE, 2017-2022 (USD MILLION)
TABLE 5 LEAD ACID: GLOBAL BATTERIES MARKET, BY REGION, 2017-2022 (USD MILLION)
TABLE 6 LITHIUM ION:GLOBAL BATTERIES MARKET, BY REGION, 2017-2022 (USD MILLION)
TABLE 7 NICKEL METAL HYDRIDE:GLOBAL BATTERIES MARKET, BY REGION, 2017-2022 (USD MILLION)
TABLE 8 NICKEL CADMIUM:GLOBAL BATTERIES MARKET, BY REGION, 2017-2022 (USD MILLION)
Continued……..
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 IMPACT ANALYSIS: DRIVERS AND RESTRAINTS
FIGURE 3 GLOBAL BATTERIES MARKET, BY BATTERY TYPE, 2017-2022 (USD MILLION)
FIGURE 4 GLOBAL BATTERIES MARKET, BY APPLICATION, 2017-2022 (USD MILLION)
FIGURE 5 GLOBAL BATTERIES MARKET, BY REGION, 2017-2022 (USD MILLION)
FIGURE 6 NORTH AMERICA: GLOBAL BATTERIES MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
FIGURE 7 EUROPE: GLOBAL BATTERIES MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
FIGURE 8 ASIA PACIFIC: GLOBAL BATTERIES MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
FIGURE 9 SOUTH AMERICA: GLOBAL BATTERIES MARKET, BY COUNTRY, 2017-2022 (USD MILLION)
Continued……….
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