Market Overview:
The global modular battery market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and rising demand for energy storage systems. The modular Li-ion battery segment is expected to dominate the global modular battery market during the forecast period, owing to its high efficiency and long life cycle. Asia Pacific is expected to be the fastest growing region in this market during the forecast period, owing to rising investments in renewable energy sources in countries such as China and India.
Product Definition:
A modular battery is a collection of batteries that are connected together to form one large battery. The purpose of a modular battery is to provide power to electrical devices when there is no other power source available. Modular batteries are often used in emergency situations, such as natural disasters or blackouts, because they can provide power for long periods of time.
Modular Li-ion Battery:
Modular Li-ion battery is a type of rechargeable battery that consists of multiple cells connected in series and the individual cells can be replaced or removed from the assembly to replace damaged or defective ones. The advantage of modular batteries is that they are easier to handle, cheaper and more efficient as compared to conventional batteries.
Modular Ni-MH Battery:
Modular Ni-MH battery is a rechargeable battery that uses Nickel Metal Hydride (NiMH) as its cathode material instead of conventional lithium. The advantage of using this technology is that the batteries can be charged with the use of any charger, whereas conventional batteries require specific chargers for charging. These are high capacity rechargeable batteries and have a longer shelf life than other types such as Li-ion or lead acid batteries.
Application Insights:
Automotive was the largest application segment in 2017 and will continue to be so over the forecast period. The growing automotive sector, especially in countries like China, India and Japan is expected to remain a key driving factor for modular battery market growth. Automobile manufacturers are focusing on reducing vehicle weight as it has a significant impact on overall performance of the car. This has led to an increased use of lightweight batteries which can be replaced easily if required.
The telecommunication segment is also expected to witness considerable growth over the forecast period owing to increasing demand from wireless communication devices including smartphones, tablets and laptops across various regions including Europe, North America and Asia Pacific. Increasing disposable income levels coupled with rising adoption of wireless technologies are anticipated drive demand for modular batteries in this application segment over the coming years as well. Other applications include industrial & infrastructure etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for smartphones and electric vehicles in this region. Countries such as China, India, South Korea, and Japan are anticipated to lead in automotive production owing to low labor costs and availability of skilled workforce. This will drive industry expansion over the coming years.
Europe was estimated at USD X billion in 2017 owing to high demand from sectors such as defense & aerospace, marine & naval applications along with growing renewable energy projects across countries such as Germany, U.K.
North America occupied a significant market share followed by Europe due its large population base along with advanced infrastructure development coupled with technological advancements taking place within countries including U S A.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 14% during the forecast period. This will lead to an increase in demand for modular batteries, as they are used in electric vehicles.
- Development of advanced battery technologies: The development of advanced battery technologies such as lithium-ion and lithium-sulfur is expected to drive the growth of the modular battery market. These batteries offer high energy density and are less prone to degradation, which makes them ideal for use in modular batteries.
- Growing demand from renewable energy sector: The renewable energy sector is growing rapidly due to concerns about climate change and rising oil prices. This is leading to an increase in demand for modular batteries, as they are used extensively in renewable energy applications such as wind turbines and solar panels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Modular Battery Market Research Report
By Type
Modular Li-ion Battery, Modular Ni-MH Battery, Others
By Application
Automobile, Telecommunication, Industrial, Infrastructure, Others
By Companies
A123 Systems, Envision AESC, Shenzhen Grepow Battery Co. Ltd., Cleantron, Samsung SDI, TYVA Moduloo, Blue Energy, BYD Auto, CE + T Power, Webasto, A123 Systems, XING Mobility
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Modular Battery Market Report Segments:
The global Modular Battery market is segmented on the basis of:
Types
Modular Li-ion Battery, Modular Ni-MH Battery, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobile, Telecommunication, Industrial, Infrastructure, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- A123 Systems
- Envision AESC
- Shenzhen Grepow Battery Co. Ltd.
- Cleantron
- Samsung SDI
- TYVA Moduloo
- Blue Energy
- BYD Auto
- CE + T Power
- Webasto
- A123 Systems
- XING Mobility
Highlights of The Modular Battery Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Modular Li-ion Battery
- Modular Ni-MH Battery
- Others
- By Application:
- Automobile
- Telecommunication
- Industrial
- Infrastructure
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modular Battery Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Some of the major players in the modular battery market are A123 Systems, Envision AESC, Shenzhen Grepow Battery Co. Ltd., Cleantron, Samsung SDI, TYVA Moduloo, Blue Energy, BYD Auto, CE + T Power, Webasto, A123 Systems, XING Mobility.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modular Battery Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Modular Battery Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Modular Battery Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Modular Battery Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Modular Battery Market Size & Forecast, 2018-2028 4.5.1 Modular Battery Market Size and Y-o-Y Growth 4.5.2 Modular Battery Market Absolute $ Opportunity
Chapter 5 Global Modular Battery Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Modular Battery Market Size Forecast by Type
5.2.1 Modular Li-ion Battery
5.2.2 Modular Ni-MH Battery
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Modular Battery Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Modular Battery Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Telecommunication
6.2.3 Industrial
6.2.4 Infrastructure
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modular Battery Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modular Battery Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Modular Battery Analysis and Forecast
9.1 Introduction
9.2 North America Modular Battery Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Modular Battery Market Size Forecast by Type
9.6.1 Modular Li-ion Battery
9.6.2 Modular Ni-MH Battery
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Modular Battery Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Telecommunication
9.10.3 Industrial
9.10.4 Infrastructure
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Modular Battery Analysis and Forecast
10.1 Introduction
10.2 Europe Modular Battery Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Modular Battery Market Size Forecast by Type
10.6.1 Modular Li-ion Battery
10.6.2 Modular Ni-MH Battery
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Modular Battery Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Telecommunication
10.10.3 Industrial
10.10.4 Infrastructure
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Modular Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Modular Battery Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Modular Battery Market Size Forecast by Type
11.6.1 Modular Li-ion Battery
11.6.2 Modular Ni-MH Battery
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Modular Battery Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Telecommunication
11.10.3 Industrial
11.10.4 Infrastructure
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Modular Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America Modular Battery Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Modular Battery Market Size Forecast by Type
12.6.1 Modular Li-ion Battery
12.6.2 Modular Ni-MH Battery
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Modular Battery Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Telecommunication
12.10.3 Industrial
12.10.4 Infrastructure
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Modular Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Modular Battery Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Modular Battery Market Size Forecast by Type
13.6.1 Modular Li-ion Battery
13.6.2 Modular Ni-MH Battery
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Modular Battery Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Telecommunication
13.10.3 Industrial
13.10.4 Infrastructure
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modular Battery Market: Competitive Dashboard
14.2 Global Modular Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 A123 Systems
14.3.2 Envision AESC
14.3.3 Shenzhen Grepow Battery Co. Ltd.
14.3.4 Cleantron
14.3.5 Samsung SDI
14.3.6 TYVA Moduloo
14.3.7 Blue Energy
14.3.8 BYD Auto
14.3.9 CE + T Power
14.3.10 Webasto
14.3.11 A123 Systems
14.3.12 XING Mobility