This market analysis provides detailed segmentation of the global rechargeable battery market by technology and consists of segments like lead-acid batteries, NiCd batteries, NiMH batteries, Li-ion batteries, and others. The report also analyzes the key vendors in this market, including BYD, C&D Technologies, East Penn Manufacturing, Enersys, Exide Technologies, GS Yuasa, LG Chem, Panasonic, Samsung SDI, and VARTA Microbattery.
Technavio has released updated information on the battery market, with the publication of its new market research report, global rechargeable battery market. The global rechargeable battery market is expected to grow at a CAGR of more than 8% between 2015 and 2019, owing to the growing demand for lead-acid battery replacement from automotive industries across the globe.
“The growing influence of consumer electronics segment is rapidly gaining popularity as it helps to increase the demand for Li-ion batteries in the electronics segment. The augmented demand for various devices like mobile phones, laptops, notebooks, and cameras has increased the demand for Li-ion batteries. Since these batteries have the best weight-to-energy ratio, they are highly compatible with consumer electronic goods,” says Vishu R., Lead Analyst, Energy, Technavio Research.
Technavio market research analysts estimate eminent factors, such as the rising need for efficient power tools, to drive market growth between the period of 2014 and 2019. The implementation of effective and efficient power tools is expected to drastically reduce the time required for project completion. Since these power tools are used in several sectors like automotive, aerospace, and woodworking industries, the implementation of such effective power tools is expected to minimize the work time in these industries.
The major players in the global rechargeable battery market include BYD, C&D Technologies, East Penn Manufacturing, Enersys, Exide Technologies, GS Yuasa, LG Chem, Panasonic, Samsung SDI and VARTA Microbattery. This market is primarily dominated by vendors that have the capability to provide cost-effective batteries with limited features and functionalities. Intense competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations pose significant challenges to the vendors and are expected to impede market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Rechargeable Battery Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
