Global Smart Battery Market Overview:
Rapidly growing consumption of battery-enabled consumer electronic devices will help to boost global smart battery market. The smart battery market is poised for significant development in the forecasted period. Growing demand and usage of smart electronics including tablets, smartphones, laptops, and cameras. Technological advancements aimed at improving the efficiency of batteries used in various end uses have played an important role in the development of global smart battery market. The main applications of smart batteries are biomedical devices, consumer electronics, industrial, automobiles, and military, and defense. Constant research and development and the improved demand will keep the global smart battery market vibrant. Some of the key players profiled in the study are Sealed Energy Systems (India), Accutronics Ltd. (United Kingdom), Rose Electronics Distributing Company, Inc. (United States), ICCNexergy (United States), Trojan Battery Company (United States), Epec, LLC (United States), Cell-Con, Inc. (United States), Cadex Electronics, Inc. (Canada), Inspired Energy, Inc. (United States) and Smart Battery LLC (United States).
On the basis of geography, the market of Smart Battery 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). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Distribution Channels, the sub-segment i.e. Online will boost the Smart Battery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in the Carbon Emission
- Rising Environmental Concern and Renewable Energy Growth
- High Demand Due To Increasing Adoption of Hybrid Electric Vehicles
- Up Surging Demand of Energy-Efficient Products
- High Cost Associated With Smart Battery
- Rising Concern Related Requirement Special Charger Which Is an Addition to Its High Cost
- Huge Adoption of the Smart Trio I.E. Smart Energy, Smart Healthcare and A Smart City
- Soaring popularity of the internet of things (IoT)
- Growing Challenges Regarding Compatibility Issue
Major Market Developments:
On 19th October 2018, Trojan Battery Co., LLC, the world’s leading manufacturer of deep-cycle energy storage solutions for Motive and Stationary applications is proud to announce the Trillium line of Trojan Intelligent Lithium batteries. With life expectancy over 5,000 cycles, Trillium maximizes total energy throughput and lowers lifetime operating costs.
In 19th June 2018, Trojan Battery Co., LLC, the world’s leading manufacturer of deep-cycle batteries, today announced the addition of a Group 31 size battery to its Solar line of maintenance-free, true deep-cycle absorbed glass mat (AGM) batteries designed for solar and other renewable energy applications. The Trojan SAGM 12 105 is manufactured in the U.S. and is now available.
Smart Battery Manufactures, Suppliers and Distributors, Industry Associations, Private and Government Research Organizations, Regulatory Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Smart Battery market on the basis of product [Lead Acid, Nickel Cadmium (NiCd), Nickel-Metal Hydride (NiMH), Lithium Ion and Lithium Ion Polymer] , application [Consumer Electronics, Renewable Energy, Automotive, Industrial, Military and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Smart Battery market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Smart Battery industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Advanced Battery Technologies Inc. (China), EEMB (United States) and LiPol Battery Co., Ltd (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Smart Battery market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.