Market Overview:
The global SMF battery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy storage solutions, especially in the telecom and UPS applications. Additionally, the growing demand for electric vehicles is also contributing to the growth of this market. The AGM battery segment is expected to account for a major share of the global SMF battery market during the forecast period. This segment is expected to grow at a CAGR of 6% during the forecast period.
Product Definition:
Sulfated Merante Flooded (SMF) lead acid batteries are designed for standby power applications where the battery is not discharged for extended periods of time. The battery uses a special electrolyte that allows the sulfates that form on the plates during normal use to reconvert back to lead and sulfuric acid.
AGM Battery:
Single-Cell LiPON Battery is a rechargeable battery that consists of one cell, which has no external load circuit. It offers several advantages over conventional batteries such as compact size and low self-discharge rate. The major advantage is the ability to provide high output current at lower voltages with greater energy densities than conventional batteries.
Gel Battery:
A gel battery is a type of rechargeable battery that contains a liquid electrolyte and is produced in two general forms: wet (wet cell) and dry (dry cell). The raw materials used to manufacture these batteries include lithium, sulfuric acid, potassium hydroxide, and gels.
The global gel battery market size was valued at USD 1.6 billion in 2016 on account of growing demand for energy storage systems as well as electric & hybrid vehicles.
Application Insights:
The telecom system application segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing demand for smartphones, tablets, smartwatches and wearable devices across the globe. The UPS application segment is also expected to witness significant growth during the forecast period owing to growing concerns regarding power outages that can lead to losses in business operations.
The emergency lighting application segment is estimated to register a notable CAGR from 2017 To 2030 as a result of rising awareness about safety among consumers globally.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of key players such as Exide, Johnson Controls, and Odyssey. These companies are focusing on increasing their production capacities by investing in new plant and machinery to meet growing demand from customers across the globe.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand for small-format batteries from countries like China and Japan due to space constraints among manufacturers. Moreover, favorable government initiatives encouraging manufacturing activities coupled with low labor costs will drive industry expansion over next eight years or so.
Growth Factors:
- Increasing demand for electric vehicles: The global market for electric vehicles is expected to grow at a CAGR of more than 20% during the forecast period. This will lead to an increase in the demand for SMF batteries, as they are used in most electric vehicles.
- Growing demand from renewable energy sector: The global market for renewable energy is expected to grow at a CAGR of more than 15% during the forecast period. This will lead to an increase in the demand for SMF batteries, as they are used extensively in renewable energy applications such as solar and wind power plants.
- Rising disposable income levels: Rising disposable income levels across emerging economies will result in an increase in the purchasing power of consumers, which will subsequently lead to an increase in the demand for SMF batteries.
- Proliferation of portable devices: Proliferation of portable devices such as smartphones and tablets is resulting in increased use of lithium-ion (Li-ion) batteries, which are powered by SMF batteries. This is further contributing to the growth of the SMF battery market worldwide . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
SMF Battery Market Research Report
By Type
AGM Battery, Gel Battery
By Application
Telecom System, UPS, Emergency Lighting, EPS, Power System, Automotive, Motorcycles and Electric Bikes, Others
By Companies
Exide, Enersys, Coslight Technology, Trojan, Johnson Controls, CSB Battery, GS Yuasa Corporate, EAST PENN Manufacturing, Sebang, DYNAVOLT, Exide, FIAMM (Hitachi Group Company), Hoppecke, Huafu Group, LEOCH, SEC, Shandong Sacred Sun Power Sources Co., ltd., Shuangdeng Group, Storage Battery Systems, LLC, Amara Raja, Atlasbx, C&D Technologies, Camel, Chaowei Power
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global SMF Battery Market Report Segments:
The global SMF Battery market is segmented on the basis of:
Types
AGM Battery, Gel Battery
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
Telecom System, UPS, Emergency Lighting, EPS, Power System, Automotive, Motorcycles and Electric Bikes, 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:
- Exide
- Enersys
- Coslight Technology
- Trojan
- Johnson Controls
- CSB Battery
- GS Yuasa Corporate
- EAST PENN Manufacturing
- Sebang
- DYNAVOLT
- Exide
- FIAMM (Hitachi Group Company)
- Hoppecke
- Huafu Group
- LEOCH
- SEC
- Shandong Sacred Sun Power Sources Co., ltd.
- Shuangdeng Group
- Storage Battery Systems, LLC
- Amara Raja
- Atlasbx
- C&D Technologies
- Camel
- Chaowei Power
Highlights of The SMF 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:
- AGM Battery
- Gel Battery
- By Application:
- Telecom System
- UPS
- Emergency Lighting
- EPS
- Power System
- Automotive
- Motorcycles and Electric Bikes
- 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 SMF 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?
SMF Battery is a battery backup system for small businesses. It provides power to critical systems in the event of an outage, helping to keep your business running during an emergency.
Some of the major companies in the smf battery market are Exide, Enersys, Coslight Technology, Trojan, Johnson Controls, CSB Battery, GS Yuasa Corporate, EAST PENN Manufacturing, Sebang, DYNAVOLT, Exide, FIAMM (Hitachi Group Company), Hoppecke, Huafu Group, LEOCH, SEC, Shandong Sacred Sun Power Sources Co., ltd., Shuangdeng Group, Storage Battery Systems, LLC, Amara Raja, Atlasbx, C&D Technologies, Camel, Chaowei Power.
The smf battery market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 SMF 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 SMF Battery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 SMF 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 SMF 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 SMF Battery Market Size & Forecast, 2018-2028
4.5.1 SMF Battery Market Size and Y-o-Y Growth
4.5.2 SMF Battery Market Absolute $ Opportunity
Chapter 5 Global SMF 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 SMF Battery Market Size Forecast by Type
5.2.1 AGM Battery
5.2.2 Gel Battery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global SMF 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 SMF Battery Market Size Forecast by Applications
6.2.1 Telecom System
6.2.2 UPS
6.2.3 Emergency Lighting
6.2.4 EPS
6.2.5 Power System
6.2.6 Automotive
6.2.7 Motorcycles and Electric Bikes
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global SMF 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 SMF 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 SMF Battery Analysis and Forecast
9.1 Introduction
9.2 North America SMF 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 SMF Battery Market Size Forecast by Type
9.6.1 AGM Battery
9.6.2 Gel Battery
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 SMF Battery Market Size Forecast by Applications
9.10.1 Telecom System
9.10.2 UPS
9.10.3 Emergency Lighting
9.10.4 EPS
9.10.5 Power System
9.10.6 Automotive
9.10.7 Motorcycles and Electric Bikes
9.10.8 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 SMF Battery Analysis and Forecast
10.1 Introduction
10.2 Europe SMF 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 SMF Battery Market Size Forecast by Type
10.6.1 AGM Battery
10.6.2 Gel Battery
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 SMF Battery Market Size Forecast by Applications
10.10.1 Telecom System
10.10.2 UPS
10.10.3 Emergency Lighting
10.10.4 EPS
10.10.5 Power System
10.10.6 Automotive
10.10.7 Motorcycles and Electric Bikes
10.10.8 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 SMF Battery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific SMF 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 SMF Battery Market Size Forecast by Type
11.6.1 AGM Battery
11.6.2 Gel Battery
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 SMF Battery Market Size Forecast by Applications
11.10.1 Telecom System
11.10.2 UPS
11.10.3 Emergency Lighting
11.10.4 EPS
11.10.5 Power System
11.10.6 Automotive
11.10.7 Motorcycles and Electric Bikes
11.10.8 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 SMF Battery Analysis and Forecast
12.1 Introduction
12.2 Latin America SMF 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 SMF Battery Market Size Forecast by Type
12.6.1 AGM Battery
12.6.2 Gel Battery
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 SMF Battery Market Size Forecast by Applications
12.10.1 Telecom System
12.10.2 UPS
12.10.3 Emergency Lighting
12.10.4 EPS
12.10.5 Power System
12.10.6 Automotive
12.10.7 Motorcycles and Electric Bikes
12.10.8 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) SMF Battery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) SMF 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) SMF Battery Market Size Forecast by Type
13.6.1 AGM Battery
13.6.2 Gel Battery
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) SMF Battery Market Size Forecast by Applications
13.10.1 Telecom System
13.10.2 UPS
13.10.3 Emergency Lighting
13.10.4 EPS
13.10.5 Power System
13.10.6 Automotive
13.10.7 Motorcycles and Electric Bikes
13.10.8 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 SMF Battery Market: Competitive Dashboard
14.2 Global SMF Battery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Exide
14.3.2 Enersys
14.3.3 Coslight Technology
14.3.4 Trojan
14.3.5 Johnson Controls
14.3.6 CSB Battery
14.3.7 GS Yuasa Corporate
14.3.8 EAST PENN Manufacturing
14.3.9 Sebang
14.3.10 DYNAVOLT
14.3.11 Exide
14.3.12 FIAMM (Hitachi Group Company)
14.3.13 Hoppecke
14.3.14 Huafu Group
14.3.15 LEOCH
14.3.16 SEC
14.3.17 Shandong Sacred Sun Power Sources Co., ltd.
14.3.18 Shuangdeng Group
14.3.19 Storage Battery Systems, LLC
14.3.20 Amara Raja
14.3.21 Atlasbx
14.3.22 C&D Technologies
14.3.23 Camel
14.3.24 Chaowei Power
