What is Battery Technology Market?
Battery is a compact device consist of two or more galvanic cells, which convert the chemical energy into electrical energy through an electrochemical reaction called oxidation reduction (redox reaction). Hence, a battery acts as portable source of electrical energy. Demand for portable power sources is now increasing to meet various range of new applications such as watches, hearing aids photoflash devices, emergency lighting, distress signalling, cordless appliances, telephone systems, electric bells, space vehicles, motor ignition and a host of other applications. The diversity of equipments used in a varied applications, by utilizing batteries as energy sources have urged the development of many different types of batteries. With the enormous demand for batteries, there is a wide range of different battery and cell technologies available.
The market study is being classified, by Application (Automotive Battery Control, Marine and Aviation Battery Control, Portable Product Battery Control, Stationary Battery Control and On-Road Electric Vehicle Battery Control) and major geographies with country level break-up.
Maxell Corp. (Japan), Exide Technologies (United States), American Battery Charging Inc. (United States), Sony Corp. (Japan), Fujitsu Ltd (Japan), General Electric Co. (United States), Enersys (United States), Panasonic Corporation (Japan), Johnson Controls Inc (United States) and LG Chem Ltd. (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are China BAK Battery, Inc. (China) and GS Yuasa Corporation (Japan).
Leading key players are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their key strategies. Companies are focusing on increasing their client base to strengthen market position and to increase product & service offerings. Research Analyst at AMA predicts that United States and Japanese Manufacturers will contribute to the maximum growth of Global Battery Technology market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Battery Technology market by Type, Application and Region.
On the basis of geography, the market of Battery Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Reliance on Battery Storage
- Increase in Use of Portable and Mobile Equipment
- Advancements in Battery Technologies Such As Microelectronic Battery Charger Controller
- Rise in Demand for Electric Vehicles
- Concerns with Performance and Durability of Battery
- High Potential Demand for Battery Technologies in Emerging Markets Such As EV and BES
- Concern Regarding Fire and Environmental Hazard
On March 13, 2019 - GS Yuasa Corporation announced that GS Yuasa International Ltd. has launched operations in January 2019 at a new automotive lead-acid storage battery plant operated by equity method affiliate İnci GS Yuasa Akü Sanayi ve Ticaret Anonim Şirketi (“IGYA”) in Manisa Province, Turkey.
EU legislation is intends to “contribute to the protection, preservation and improvement of the quality of the environment by minimizing the negative impact of batteries and accumulators and waste batteries and accumulators. This legislation also ensures the smooth functioning of the internal market by harmonizing requirements with regards the placing of batteries and accumulators on the market. With some exceptions, it applies to all batteries and accumulators, independent of their chemical nature, size or design”.
Key Target Audience
Manufacturers of Batteries, Suppliers of Batteries Parts, Wholesalers, Distributors and Retailers of Batteries, Aerospace Industry, Automobile Industry, Governmental Bodies and Research Firms