Advanced Batteries Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Semiconductor and Electronics | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC177

Advanced batteries possess lower emissions, longer life span and can easily be installed in a power grid to store electricity. Advanced battery systems reduce the overall cost of electricity and aids in lowering emission of green house gases. Introduction of advanced batteries with next-generation inherent features such as efficiency, improved safety and low cost have helped in large scale storage of energy for an electrical distribution network. Moreover, advanced batteries are rechargeable poly lithium-ion batteries and find wide number of applications in electric and automotive industries along with smartphones, laptops, tablets and other electrical products. Advanced batteries carry unique properties such as compactness and light weight due to which they are gaining importance and popularity over conventional batteries. The increasing commercialization and adoption of electric vehicles have fuelled the growth of global advanced batteries market. Apart from this, the path towards commercialization of new battery chemistries continues owing to the progress in making lithium ion, molten salt batteries and advanced lead-acid flow batteries. Various new battery chemistries are expected to penetrate the global grid-tied stationary energy storage and transportation markets in the foreseeable years, especially in Western Europe, North America and Asia Pacific.

Lithium-ion battery is currently the basic chemistry adopted for grid-tied stationary energy storage and transportation applications which require next-generation batteries. Li-S, next-generation flow, Li-SS, and others reflect the potential competitors that may start to encroach on Li-ion market as the world’s most flexible battery market.

Increased carbon emission from automobiles as well as scarcity of fuel are some key factors bolstering the demand for electric vehicles across the globe. Thus, increasing demand for electric vehicles, especially in developed economies, is one of the key factors driving the growth of global advanced battery market. Moreover, ongoing development in terms of technology in battery chemistry is another key factor fuelling the growth of global advanced battery market. Also, growing market of laptops and mobile phones is one of the major factors driving the demand for advanced batteries, thus fuelling the overall market growth. Furthermore, rising awareness for the use of energy efficient batteries, especially in developed economies including Europe and the U.S. is expected to impel the growth of advanced batteries market, globally. It is observed that the U.S. government is expected to offer funding for the development of durable, affordable and lightweight advanced battery options for various applications across different segments. Increasing initiatives by governments such as tax rebates and subsidies on the adoption of advanced batteries have shown positive effects on the global advanced battery market. Moreover, countries such as India, China, and Japan, are also anticipated to follow the similar trend.

The global advanced battery market can be segmented on the basis of type, application and region. By type, the global advanced battery market can be segmented into lithium ion battery, lithium ion polymer battery, nickel cadmium battery, nickel based battery, nickel metal hydride battery and others. On the basis of application, the global advanced battery market can be segmented into smartphones and tablets, laptops, consumer electronics and others. On the basis of region, the global advanced battery market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific.

Key players operating in the global advanced battery market are concentrating on key market strategies such as mergers, acquisitions and new product launch. Moreover, innovation in product development is another key strategy followed by major market players to strengthen their presence in the competitive global market. Major players operating in the global advanced battery market include GS Yuasa Corporation, China BAK Battery Inc., Honda Hitachi Maxwell, LG Chem, Sony Corporation, EnerDel Inc., Panasonic Corporation, Kodak, Siemens and others.

 


Related Reports

Indium Market (Type: Primary Indium, Secondary Indium; Application: ITO, Semiconductor, Solder and Alloys, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2025

Introduction Indium as a metal possesses various distinctive properties and is a soft silvery-white metal occurring naturally, combined with zinc and some other metals. It has distinctive properties such as unique bonding with nonmetallic substances, cold welding, high rate of thermal transfer, consistent properties at cryogenic temperatures, and softness. Indium tin oxide is one o

Semiconductor Memory Market (By Type - Non-volatile Memory [ROM, EPROM, PROM, EEPROM, Flash Memory], Volatile Memory [RAM, SRAM, DRAM, SDRAM]; By Application - Consumer Electronics, Automotive, Industrial, Medical, Aerospace And Defense, Telecommunications, Others) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction  The global semiconductor memory market is anticipated to grow US$ 735 billion at considerable CAGR around 29.0% over the forecast period. Semiconductor memory is an electronic device used as computer memory. Semiconductor memory is necessary part for today’s electronic devices. It’s a device in which digital information is mainta

Metal Fabrication Equipment Market (By Type - Cutting, Machining, Welding, Bending, Others; By Application - Job Shops, Automotive, Aerospace & Defense, Mechanical, Application, Others) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction  The global metal fabrication equipment market is anticipated to grow at considerable CAGR around 3.9% over the forecast period and reach US$ 94.51 Bn by 2026. Metal fabrication is a method that includes making structures of metals by bending, cutting, and assembling. Metal creation is a procedure that incorporates the development of machines

Automated Infrastructure Management (AIM) Solutions Market (By Application - Incident Management, Device Discovery, Asset Management; By End-use - IT & Telecom, BFSI, Energy & Utilities, Government, Manufacturing, Colocation Data Centers, Others) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction  The global automated infrastructure management (AIM) solutions market is anticipated to grow at considerable CAGR around 13.2% over the forecast period. Automated infrastructure management is a system that helps to supervise a data center or another similar service, without any manual interference. Automated infrastructure management solutions

HVAC Systems Market (By Product - Heating, Cooling, Ventilation; By End-user - Residential, Industrial, Commercial) - Global Industry Size, Share, Trends and Forecast 2018 - 2026

Introduction The global HVAC systems Market is project worth $185.4 Billion by 2026 and the market is projected to showcase 5.9% CAGR during the forecast period. The market is driven by emergence of energy efficient heating and ventilation systems. Market Dynamics G

Remote Diagnostics Devices Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 – 2026

Introduction The successful development and integration of technologies such as Internet of Things and telematics is enabling end-users to interact among them for offering better product and services to ensure comfortable and safe drive. With consumer needs, the industry is seeing a huge rise in demand for in-vehicle diagnostic technology. Remote diagnostics technology is seeing

Cart Summary