NORTH AMERICA BATTERY MARKET FORECAST 2019-2027

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NORTH AMERICA BATTERY MARKET FORECAST 2019-2027

The North American market for the battery is expected to grow at a CAGR of 4.30% from 2019 to 2027. The battery can be termed as an electrochemical cell that can generate power for electrical charging of other objects upon requirement. The power is generated when the battery is charged electrically to provide a static potential. The abundant availability of battery in multiple sizes with respect to a variety of devices and its specifications along with high current level helps attract huge attention towards its demand in the upcoming years.

NORTH AMERICA BATTERY MARKET FORECAST 2019-2027

North America Battery Market By Battery Type (lead-acid Battery, Lithium-ion Battery, Nickel Metal Hydride Battery, Nickel Cadmium Battery, Other Batteries) By Application (automotive, Industrial, Portable) By Geography.

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The battery can be termed as an electrochemical cell that can generate power for electrical charging of other objects upon requirement. The power is generated when the battery is charged electrically to provide a static potential. The abundant availability of battery in multiple sizes with respect to a variety of devices and its specifications along with high current level helps attract huge attention towards its demand in the upcoming years.

Also, the electricity grid is undergoing modernization with the implementation of power flow measurement, controlling power production & distribution, and gathering information on electricity use. This can proliferate the potential for the growth of off-grid power in remote villages since many villages or townships remain un-electrified. The North American market for the battery is expected to grow at a CAGR of 4.30% from 2019 to 2027.

Furthermore, the growing demand for the practice of renewable energy is effectively increasing the demand for electric vehicles, which primarily depend on the battery to function. The countries like the United States and Canada of the North American region have heavy demand for electric vehicles from the customer end, due to the existence of many beneficial incentives from the government. Growing demand for passenger cars in the region will augment the demand for fasteners in the manufacturing sector.

The rising adoption of electric vehicles and hybrid vehicles in the US is boosting the battery market growth in the country profusely. Batteries are also used in UPS for energy storage and supporting the data center operations. Hence, the expansion of data centers is expected to propel the United States battery market growth further.

The release of critical quantities of lead-contaminated waste into the ecosystems from the lead-acid batteries are expected to rattle the speedy progress of the battery market in the region.

The companies like Duracell International, Inc., Shenzhen BAK Battery Co., Ltd., Samsung SDI Co., Ltd., East Penn Manufacturing Company, Inc., Exide Technologies, BYD Company, Ltd., Eveready Industries India Ltd., NEC Corporation, Toshiba Corporation, Crown Battery Manufacturing Company, Panasonic Corporation, A123 Systems, LLC, Johnson Controls, EnerSys, GS Yuasa Corporation, LG Chem Ltd., Saft Groupe S.A., Murata Manufacturing Co., Ltd., C&D Technologies, Inc. (acquired by KPS Capital Partner) and Hitachi, Ltd. are operational in the North American regional market for batteries.

 

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  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • RISING NUMBER OF VENDORS & COLLABORATIONS
      • INCREASE IN THE POPULARITY OF AGM BATTERIES
      • DEVELOPMENT OF NEXT GENERATION BATTERIES
        • URINE-POWERED BATTERIES
        • SODIUM-ION BATTERIES
        • GOLD NANOWIRE BATTERIES
        • SUPER BATTERY
        • PHOTOSYNTHESIS POWERED BATTERIES
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • BOOMING AUTOMOTIVE INDUSTRY
      • GROWING DEMAND FOR ENERGY STORAGE SYSTEMS
      • POSITIVE OUTLOOK OF ELECTRIC VEHICLE MARKET
      • WIDENING APPLICATIONS IN MOTIVE INDUSTRIAL SECTOR
    • MARKET RESTRAINTS
      • VOLATILITY IN RAW MATERIAL PRICES
      • POLLUTION & OPERATIONAL CHALLENGES RELATED TO LEAD-ACID BATTERIES
    • MARKET OPPORTUNITIES
      • GROWING CONSUMPTION OF RECHARGEABLE BATTERIES IN CONSUMER ELECTRONICS
      • SURGE IN THE DEMAND OF UPS SYSTEMS
      • BATTERY TECHNOLOGY TRANSFORMING THE DEFENSE INDUSTRY
    • MARKET CHALLENGES
      • REGULATORY COMPLIANCE
      • SUPERCAPACITORS-ALTERNATIVE TO BATTERY
      • THREAT OF COUNTERFEIT BATTERIES
  1. MARKET BY BATTERY TYPE
    • LEAD-ACID BATTERY
    • LITHIUM-ION BATTERY
    • NICKEL METAL HYDRIDE BATTERY
    • NICKEL CADMIUM BATTERY
    • OTHER BATTERIES
  2. MARKET BY APPLICATION
    • AUTOMOTIVE
    • INDUSTRIAL
    • PORTABLE
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
    • LEGAL, POLICY & REGULATORY FRAMEWORK
  4. GEOGRAPHICAL ANALYSIS-NORTH AMERICA
    • UNITED STATES
    • CANADA
  5. COMPANY PROFILES
    • A123 SYSTEMS, LLC
    • BYD COMPANY, LTD.
    • C&D TECHNOLOGIES, INC. (ACQUIRED BY KPS CAPITAL PARTNER)
    • CROWN BATTERY MANUFACTURING COMPANY
    • DURACELL INTERNATIONAL, INC.
    • EAST PENN MANUFACTURING COMPANY, INC.
    • ENERSYS
    • EVEREADY INDUSTRIES INDIA LTD.
    • EXIDE TECHNOLOGIES
    • GS YUASA CORPORATION
    • HITACHI, LTD.
    • JOHNSON CONTROLS
    • LG CHEM LTD.
    • MURATA MANUFACTURING CO., LTD.
    • NEC CORPORATION
    • PANASONIC CORPORATION
    • SAFT GROUPE S.A.
    • SAMSUNG SDI CO., LTD.
    • SHENZHEN BAK BATTERY CO., LTD.
    • TOSHIBA CORPORATION

LIST OF TABLES

TABLE 1: NORTH AMERICA BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2: WORLDWIDE SALES OF ELECTRIC VEHICLES IN 2017 (MONTH-WISE SALES)

TABLE 3: COUNTRY-WISE STOCK TARGETS OF ELECTRIC VEHICLE TILL 2020

TABLE 4: NORTH AMERICA BATTERY MARKET, BY BATTERY TYPE, 2019-2027 (IN $ MILLION)

TABLE 5: NORTH AMERICA BATTERY MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 6: OPPORTUNITY MATRIX

TABLE 7: VENDOR LANDSCAPE

TABLE 8: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 9: NORTH AMERICA BATTERY MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: NORTH AMERICA BATTERY MARKET, BY BATTERY TYPE, 2018 & 2027 (IN %)

FIGURE 2: WORLDWIDE AUTOMOTIVE (CARS & COMMERCIAL VEHICLES) PRODUCTION, 2015-2020 (IN MILLION)

FIGURE 3: MOTOR VEHICLE PRODUCTION IN KEY GEOGRAPHIES, 2015 & 2016 (IN ‘000 UNITS)

FIGURE 4: WORLDWIDE SALES OF LIGHT DUTY ELECTRIC VEHICLES, 2015-2024 (IN MILLION UNITS)

FIGURE 5: AVERAGE ANNUAL OPEC CRUDE OIL PRICE, 2010-2018 (IN $ PER BARREL)

FIGURE 6: AVERAGE PRICES FOR LEAD WORLDWIDE, 2014-2018 (IN $ PER METRIC TON)

FIGURE 7: AVERAGE LITHIUM CARBONATE PRICE, 2010-2017 (IN $ PER METRIC TON)

FIGURE 8: AVERAGE SELLING PRICE OF ZINC, JANUARY 2016-JANUARY 2017 (IN $/LB)

FIGURE 9: NORTH AMERICA BATTERY MARKET, BY LEAD ACID BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 10: NORTH AMERICA BATTERY MARKET, BY LITHIUM ION BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 11: NORTH AMERICA BATTERY MARKET, BY NICKEL METAL HYDRIDE BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 12: NORTH AMERICA BATTERY MARKET, BY NICKEL CADMIUM BATTERY, 2019-2027 (IN $ MILLION)

FIGURE 13: NORTH AMERICA BATTERY MARKET, BY OTHER BATTERIES, 2019-2027 (IN $ MILLION)

FIGURE 14: NORTH AMERICA BATTERY MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 15: NORTH AMERICA BATTERY MARKET, BY INDUSTRIAL, 2019-2027 (IN $ MILLION)

FIGURE 16: NORTH AMERICA BATTERY MARKET, BY PORTABLE, 2019-2027 (IN $ MILLION)

FIGURE 17: PORTER’S FIVE FORCE ANALYSIS

FIGURE 18: VALUE CHAIN ANALYSIS

FIGURE 19: NORTH AMERICA BATTERY MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 20: UNITED STATES BATTERY MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: CANADA BATTERY MARKET, 2019-2027 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS-NORTH AMERICA
    • UNITED STATES
    • CANADA
  2. MARKET BY BATTERY TYPE
    • LEAD-ACID BATTERY
    • LITHIUM-ION BATTERY
    • NICKEL METAL HYDRIDE BATTERY
    • NICKEL CADMIUM BATTERY
    • OTHER BATTERIES
  3. MARKET BY APPLICATION
    • AUTOMOTIVE
    • INDUSTRIAL
    • PORTABLE

 

 

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