Rechargeable Batteries Market 2022 – Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Market Size & Forecast 2030

Rising demand for consumer electronics such as digital cameras, music players, and others are one of the major growth factors of global rechargeable batteries market. The global rechargeable batteries market was held to be $28.1 billion in 2021 and projected to reach $49.7 billion by 2030. Rechargeable batteries market is expected to grow at a CAGR of 6.1% during the forecast period i.e. 2022-2030. Wide scale application of rechargeable batteries is driving the growth of the market. Further, emerging applications in emerging vehicles and hybrid vehicles is believed to impel the growth of rechargeable batteries market in the years ahead.

GLOBAL RECHARGEABLE BATTERIES MARKET SEGMENTATION

This report broadly segments the global rechargeable batteries market into type, sales channel, and application. The rechargeable batteries market, by type is segmented into lead-acid batteries, lithium-ion batteries, nickel-metal hydride, nickel-cadmium batteries and others. In 2021, li-ion batteries accounted for the largest market share in overall rechargeable batteries market and is expected to continue its dominance during the forecast period.

On the basis of application, global rechargeable batteries market has been segmented into automotive, consumer electronics, construction & mining equipment, recreational & personal mobility vehicles and others. In 2021, Automotive and industrial applications generated highest demand for rechargeable batteries as compared to other segments.

Based on sales channel, the market has been further categorized into OEM and aftermarket.

GLOBAL RECHARGEABLE BATTERIES MARKET REGIONAL ANALYSIS

In the terms of geography, the global rechargeable batteries market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. Asia Pacific commanded the largest percentage of market share in 2021. Furthermore, Asia Pacific rechargeable batteries market is expected to propel at a significant rate on the account of growing automotive industry. India, China, Japan are the major markets of rechargeable battery in Asia Pacific.

GLOBAL RECHARGEABLE BATTERIES MARKET COMPETITIVE LANDSCAPE

The report offers comprehensive coverage of major vendors including recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis among others.

Some of the key players mentioned in the report are Battery Technology Inc., Beckett Energy Systems, BYD Company Ltd., Duracell Inc. Energizer Holdings, Inc., Eveready Industries India Ltd., FDK Corporation, GPB International Limited, GS Yuasa Corporation, Highpower International Inc., Jiangmen TWD Technology Co., Ltd., Johnson Controls International Plc, LG Chem, Panasonic Corporation, Saft Groupe S.A., Samsung SDI Co. Ltd., Spectrum Brands, Inc., Tohoku Murata Manufacturing Co., Ltd. and Ultralife Corporation, among others.

SCOPE OF THE REPORT

This market report provides in-depth market analysis and insight of market drivers, challenges, trends & opportunities.

SEGMENTS COVERED

Rechargeable Batteries Market by Type

·        Lead-Acid Batteries

·        Lithium-ion Batteries

·        Nickel-Metal Hydride

·        Nickel-Cadmium Batteries

·        Others

Rechargeable Batteries Market by Application

·          Automotive

·          Internal Combustion Engine

·          Hybrid & Electric Vehicle

·          Consumer Electronics

o   Computers

o   Mobile Phones

o   Power Tools

o   Other

·          Construction & Mining Equipment

·          Recreational & Personal Mobility Vehicles

·          Others

Rechargeable Batteries Market by Sales Channel

·        OEM

·        Aftermarket

Rechargeable Batteries Market by Region

·        North America

·        Asia Pacific

·        Europe

·        Latin America

·        Middle East & Africa

REPORT STRUCTURE

The rechargeable batteries market report offers a comprehensive market breakdown on the basis of value, volume, CAGR, and Y-o-Y growth. A market attractiveness analysis on the basis of type, application, and sales channel and region is also provided in the report which helps you build a 360 degree perspective on the rechargeable batteries market.

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