The global battery components market is projected to reach USD 236.39 billion by 2028 at a CAGR of 16.3% during the forecast period.

A battery is a device that stores electrical energy in the form of chemical energy and converts it into electricity. There are several kinds of batteries. However, they work under the same underlying concept and possess the same three main components, namely, anode, cathode, and electrolyte. For the discharge of electricity, anode releases electrons to the negative terminal and ions in the electrolyte through the oxidation reaction. The positive terminal accepts the electrons and completes the circuit for the flow of electrons. The electrolyte acts as a medium for the electrons to travel and provide for contact between the two.

Global Battery Components Market
Global Battery Components Market

There are mainly two types of batteries, namely, primary and secondary. Primary batteries are for single use and cannot be recharged while secondary batteries can be recharged. The most common type of secondary battery is the lithium-ion battery, which is used in a wide range of electronic items such as mobile phones, toys, etc. Battery components for lithium-ion batteries hold the highest share in the market due to its use in mobile phones throughout the world. The mobile phone industry is growing at a high rate with new technologies being researched to make long-lasting lithium-ion batteries. Moreover, lithium-ion battery, under the secondary battery type segment is expected to witness the highest growth during the forecasting period due to the increasing popularity of electric vehicles, which use lithium-ion batteries to generate electric energy that is converted into mechanical energy to power the engine.

Global Battery Components Market
Global Battery Components Market

The Asia Pacific region is expected to account for the largest market share. This can be attributed to the presence of a vast number of battery manufacturers in the region due to the easy availability of raw materials and a huge market for batteries in the region.

Key Factors Impacting Market Growth:

  • The high growth of the mobile industry
  • The growing popularity of electric vehicles
  • Increasing the use of portable devices such as speakers, laptops, etc.
  • Investments in research and development to make lasting batteries

Key Developments:

  • In July 2017, SII Semiconductor Corporation, a subsidiary of Seiko Instruments Incorporated, introduced S-8223A/B/C/D series integrated circuits for the protection of lithium-ion secondary batteries.
  • In November 2017, Samsung Advanced Institute of Technology (SAIT) developed a battery material called graphene ball, which enables a 45% increase in capacity and charges 5 times faster than conventional lithium-ion batteries.
  • In January 2018, Contemporary Amperex Technology Co Ltd (CATL) announced to invest USD 2 billion in Shenzhen, to build two battery plants, including a giant 24 GWh facility, which will boost its output. 

What Does This Report Provide?

This report provides a detailed understanding of the global battery components market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Component Type:

  • Anode
  • Cathode
  • Electrolyte
  • Others

By Battery Type:

  • Primary
    • Alkaline
    • Others
  • Secondary
    • Lithium-Ion
    • Lead Acid
    • Nickel Metal Hydride
    • Nickel Cadmium
    • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Component Type
    • By Battery Type
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Component Type
    • By Battery Type
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Component Type
    • By Battery Type
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Component Type
    • By Battery Type
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Component Type
    • By Battery Type
  • Rest of the World
    • By Region (Latin America, Brazil, Rest of the World)
    • By Component Type
    • By Battery Type

Companies Covered: Enersys, BYD Co. Ltd., Lishen Battery, East Penn Manufacturing, Exide Industries, FIAMM, LG Chem Ltd., and Sanyo-Panasonic… 

Reasons to Buy This Report:

  • Market size estimation of the global battery components market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]

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