Global battery technology market includes primary batteries in electronic keys, watches, remote controls, toys etc and secondary batteries used in automotives & aviation and portable and stationery batteries. The global advanced energy storage system is expected to reach a market revenue of $ 10.8 billion by 2018 between 201 and 2018, at a CAGR of 10%.
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The battery technology market is a key component of the market for advanced energy storage systems; therefore, the market is expected to have a sustainable growth rate. It is estimated that between 2010 and 2040 there will be a 40% increase in electricity demand. The increasing demand for electricity is one of the leading drivers for the market, as power can be stored efficiently in the batteries.
However, some legislation such as the EU Battery Directive limits the use of certain substances such as mercury, lead and cadmium, as these substances are not environmentally friendly. This is an important market growth restriction, as manufacturers have limited resources to explore and manufacture new and better batteries. Manufacturers are trying to overcome this challenge by doing research and development to use other materials for batteries.
Some of the companies profiled in this report are Hitachi Maxell Corp., Exide Corp., American Battery Charging Inc., Honda Inc., China Bak Battery, Inc., Sony Corp., Fujitsu Ltd, General Electric Co., Google Inc., and Honeywell Batteries.
KEY BENEFITS
- This report provides market intelligence with respect to applications, battery types, power systems and geographies so that companies can make precise decisions about their investment options
- Deep dive analysis of the drivers, restraints and opportunities of the market and their impact analysis of these factors in short and medium term
- Value chain analysis provides understanding of the significance of the all stakeholders of the market
- Porter’s five force analysis provides the competitive scenario, threat of new entrants and substitutes along with the potency of suppliers and buyers
- SWOT analysis and recent developments of key players are included in the report so that companies can understand the strategies adopted by competitors and make changes to their plans for sustained growth
- Estimations are calculated according to the current market scenario and projected future trends for the analysis period of 2013-2020 with base revenue of 2012
- The report discusses the trends and opportunities in various geographies so that companies can make region specific plans and gain competitive edge
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