Market Overview:
The global rechargable batteries market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for electric vehicles and portable devices. Additionally, the growing awareness about environment-friendly options is also propelling the growth of this market. The Ni-Cd battery segment is expected to dominate the global rechargable batteries market during the forecast period, owing to its low cost and high efficiency. However, Li-Ion battery is projected to grow at a higher CAGR due its advantages such as high energy density, longer life cycle and faster charging time over other types of batteries.
Product Definition:
Rechargable batteries are batteries that can be reused multiple times after they have been charged. They are typically made of lithium ion and can be used in devices such as phones, laptops, and tablets.
Ni-Cd Battery:
Nickel-Cadmium (NiCad) batteries are rechargeable batteries having cadmium as the main anode and nickel as the cathode. These are preferred over conventional lithium-ion batteries owing to their high power density, stable voltage, and longer life span. NiCad technology is being replaced by lithium ion technology in portable devices such as digital cameras, MP3 players, etc.
Ni-MH Battery:
Nickel Metal Hydride (NiMH) battery is a rechargeable battery which uses the chemical reaction of nickel and hydrogen. It has higher energy density as compared to alkaline batteries and can be recycled. NiMH batteries are used in electronic devices such as digital cameras, PDAs, cellular phones, etc. These devices require compact size and high power sources for working which makes NIMH a better fit over other conventional batteries available in the market.
Application Insights:
The commercial application segment dominated the global market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand from various end-use industries including healthcare, telecom and IT, transportation and logistics, hospitality and leisure, retailing and banking. These batteries are used in cordless power tools for construction; they can be recharged thousands of times without losing their charge.
The residential sector is also expected to witness rapid growth over the forecast period due to increasing adoption of electric vehicles (EVs). EVs use rechargable batteries during their journey as these offer high energy density which results in lesser battery size being required for a longer range or capacity. This will result in higher demand for rechargeable batteries across all applications thereby driving the overall market growth over the coming years.
Increasing penetration of smartphones has led many manufacturers towards developing portable chargers that can be used at home or while traveling via trains, buses etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for electronic devices, such as mobile phones and laptops. According to a study conducted by World Bank in 2017, Asia Pacific held more than 60% of the global manufacturing sector share and is likely to continue its dominance over the next few years. This trend is projected to propel product demand in this region during the forecast period.
The growing industrialization coupled with rapid urbanization has resulted in increased energy consumption across emerging economies such as China.
Europe was estimated at USD X billion in 2016 and it is anticipated that this number will grow moderately over an estimated time span owing to stringent regulations regarding carbon emissions from electric vehicles along with rising investments towards smart grid development projects aimed at reducing electricity costs for end users’ is predicted drive industry growth over coming years.
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 demand for rechargable batteries, as they are used to power electric vehicles.
- Development of advanced battery technologies: Advancements in battery technology are helping to improve the performance and life of rechargable batteries. This is leading to an increase in their adoption across a range of applications.
- Growing popularity of solar and wind energy: Solar and wind energy are becoming increasingly popular as sources of renewable energy worldwide. This is leading to an increase in demand for rechargable batteries, as they are used extensively in these applications.
Scope Of The Report
Report Attributes
Report Details
Report Title
Rechargable Batteries Market Research Report
By Type
Ni-Cd Battery, Ni-MH Battery, Li-Ion Battery, Others
By Application
Commercial, Residential
By Companies
Primearth EV Energy, FDK, GP Batteries, Highpower, Corun, Panasonic, Huanyu battery, GS Yuasa, Spectrum Brands (Rayovac), Lexel Battery (Coslight), EPT Battery, Energizer Holdings, Great Power Energy, Suppo, Sanyo, PISEN, NanFu, Philips, Energizer, Desay, Sony, Maxell
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Rechargable Batteries Market Report Segments:
The global Rechargable Batteries market is segmented on the basis of:
Types
Ni-Cd Battery, Ni-MH Battery, Li-Ion 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
Commercial, Residential
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:
- Primearth EV Energy
- FDK
- GP Batteries
- Highpower
- Corun
- Panasonic
- Huanyu battery
- GS Yuasa
- Spectrum Brands (Rayovac)
- Lexel Battery (Coslight)
- EPT Battery
- Energizer Holdings
- Great Power Energy
- Suppo
- Sanyo
- PISEN
- NanFu
- Philips
- Energizer
- Desay
- Sony
- Maxell
Highlights of The Rechargable Batteries 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:
- Ni-Cd Battery
- Ni-MH Battery
- Li-Ion Battery
- Others
- By Application:
- Commercial
- Residential
- 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 Rechargable Batteries 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.
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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?
Rechargable batteries are a type of battery that can be recharged. They typically have a longer life than disposable batteries and can be reused multiple times.
Some of the key players operating in the rechargable batteries market are Primearth EV Energy, FDK, GP Batteries, Highpower, Corun, Panasonic, Huanyu battery, GS Yuasa, Spectrum Brands (Rayovac), Lexel Battery (Coslight), EPT Battery, Energizer Holdings, Great Power Energy, Suppo, Sanyo, PISEN, NanFu, Philips, Energizer, Desay, Sony, Maxell.
The rechargable batteries market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rechargable Batteries Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rechargable Batteries Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rechargable Batteries Market - Supply Chain
4.5. Global Rechargable Batteries Market Forecast
4.5.1. Rechargable Batteries Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rechargable Batteries Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rechargable Batteries Market Absolute $ Opportunity
5. Global Rechargable Batteries Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rechargable Batteries Market Size and Volume Forecast by Type
5.3.1. Ni-Cd Battery
5.3.2. Ni-MH Battery
5.3.3. Li-Ion Battery
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rechargable Batteries Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rechargable Batteries Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rechargable Batteries Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rechargable Batteries Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rechargable Batteries Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rechargable Batteries Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rechargable Batteries Demand Share Forecast, 2019-2026
9. North America Rechargable Batteries Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rechargable Batteries Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rechargable Batteries Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rechargable Batteries Market Size and Volume Forecast by Type
9.7.1. Ni-Cd Battery
9.7.2. Ni-MH Battery
9.7.3. Li-Ion Battery
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rechargable Batteries Demand Share Forecast, 2019-2026
10. Latin America Rechargable Batteries Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rechargable Batteries Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rechargable Batteries Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rechargable Batteries Market Size and Volume Forecast by Type
10.7.1. Ni-Cd Battery
10.7.2. Ni-MH Battery
10.7.3. Li-Ion Battery
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rechargable Batteries Demand Share Forecast, 2019-2026
11. Europe Rechargable Batteries Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rechargable Batteries Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rechargable Batteries Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rechargable Batteries Market Size and Volume Forecast by Type
11.7.1. Ni-Cd Battery
11.7.2. Ni-MH Battery
11.7.3. Li-Ion Battery
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rechargable Batteries Demand Share, 2019-2026
12. Asia Pacific Rechargable Batteries Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rechargable Batteries Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rechargable Batteries Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rechargable Batteries Market Size and Volume Forecast by Type
12.7.1. Ni-Cd Battery
12.7.2. Ni-MH Battery
12.7.3. Li-Ion Battery
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rechargable Batteries Demand Share, 2019-2026
13. Middle East & Africa Rechargable Batteries Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rechargable Batteries Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rechargable Batteries Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rechargable Batteries Market Size and Volume Forecast by Type
13.7.1. Ni-Cd Battery
13.7.2. Ni-MH Battery
13.7.3. Li-Ion Battery
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rechargable Batteries Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rechargable Batteries Market: Market Share Analysis
14.2. Rechargable Batteries Distributors and Customers
14.3. Rechargable Batteries Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Primearth EV Energy
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. FDK
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. GP Batteries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Highpower
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Corun
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Panasonic
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Huanyu battery
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GS Yuasa
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spectrum Brands (Rayovac)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lexel Battery (Coslight)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. EPT Battery
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Energizer Holdings
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Great Power Energy
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Suppo
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Sanyo
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. PISEN
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. NanFu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Philips
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Energizer
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Desay
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
