Buy ‘Trends in Automotive – Report Bundle (7 Reports)’ and save over 54% of full price - Buy now @$2,950.

The battery market size was valued at $55 billion in 2020. The market is expected to grow at a CAGR of over 13% by 2030. Revenues from lead-acid batteries will see only incremental growth, whereas sales from Li-ion batteries will drive much of the expansion, occupying an increasing percentage share of the total batteries market.

Over the past decade, the battery industry has progressed sufficiently to enable portable consumer electronics, the mobile internet, the first electric cars, and the initial adoption of intermittent renewable power storage and generation. Given the accelerating and expanding role stored energy will play in tackling global warming, it will become one of the world’s most significant industries over the next 10 years.

 

Battery Market Overview

For more insights on battery market forecast, download a free report sample

What are the market dynamics in the batteries market?

There will likely be a severe but temporary global battery shortage by 2025 due to a sudden increase in demand for electric vehicles (EVs) and a shortage of mined and refined battery metals, akin to the current chip shortage. However, the industry is investing heavily to prevent this from becoming a sustained threat by reducing its use of scarce materials, developing new materials and battery technologies, and, most important of all, developing a scaled-up global battery recycling industry. Meanwhile, China’s control of the entire global supply chain, from mines and refiners to component markers and cell producers, is a mounting geopolitical issue. The US and Europe are taking significant steps to reduce the dependence on China within their batteries supply chain by the end of the decade.

What are some of the alternatives to batteries?

Some of the alternatives to batteries are hydrogen fuel cells, ultracapacitors, and thermal energy storage systems.

Hydrogen fuel cells

Hydrogen has been dubbed a silver bullet for decades, but it has consistently been around five years away from scalable production. It is the ultimate clean fuel, made from water and emitting water vapor. For now, though, it is a dirty fuel produced by natural gas or coal as either ‘gray’ or ‘blue’ hydrogen, according to the degree to which the methane it emits is captured. It is used primarily to produce methanol for plastic, ammonia for fertilizers, and to process oil in refineries. It is also found in the fuel cells of the world’s minuscule fleet of hydrogen cars.

Ultracapacitors

Sometimes called supercapacitors, ultracapacitors are essentially high-power density and low-energy density super batteries, storing and discharging energy very quickly. Ultracapacitors are based on electrostatic field physics rather than chemical reactions and are, therefore, safer. They have 10 times the energy density of a leading Li-ion battery but only a tenth of the power density. Thus, EVs powered by the best-performing capacitors currently have only a 50km range.

What are the key technology trends impacting the battery market?

The key technology trends impacting the battery theme are the lithium era, battery materials, the silicon and graphene revolution, quantum glass technology, sodium technology, liquid metal battery technology, the Tesla factor, solid-state battery technology, developing solid-state battery technology, energy storage and battery alternatives, and ultracapacitors.

What are the key macroeconomic trends impacting the battery market?

The key macroeconomic trends impacting the battery theme are Impending battery shortage, electric vehicles, battery recycling, the geopolitical battery arms race, ESG, nickel bottleneck, and vertical integration.

What are the key regulatory trends impacting the battery market?

The key regulatory trends impacting the battery theme are exemplary Norway, competition in the lithium triangle, COP26 fallout, and graphite tariffs.

For more insights on trends impacting the battery theme, download a free report sample

Which are the key companies associated with the battery theme?

Some of the key companies in the battery market are 3D0M Singapore, 3M, ABB, ADS-TEC Energy, AES, African Rainbow Minerals, Air Products, Akasol, Albermarle, Alkem, Alpine 4 Holdings, Ambri, AMICO India, Amvolt, AngloAmerican, Anhui New Materials (Conch Ventures), Antofagasta, and Apple.

To know more about key battery companies, download a free report sample

Market report overview

Market size (2020) $55 billion
CAGR (2020-2030) >13%
Key alternative batteries Hydrogen Fuel Cells, Ultracapacitors and Thermal Energy Storage Systems.
Key technology trends The lithium era, Battery materials, The silicon and Graphene Revolution, Quantum Glass Technology, Sodium Technology, Liquid Metal Battery Technology, The Tesla Factor, Solid-State Battery Technology, Developing Solid-State Battery Technology, Energy Storage and Battery Alternatives, and Ultracapacitors
Key macroeconomic trends Impending Battery Shortage, Electric Vehicles, Battery Recycling, The Geopolitical Battery Arms Race, ESG, Nickel Bottleneck, and Vertical Integration
Key regulatory trends Exemplary Norway, Competition in The Lithium Triangle, COP26 Fallout, Part oneCOP26 Fallout, Part Two, and Graphite Tariffs
Key companies 3D0M Singapore, 3M, ABB, ADS-TEC Energy, AES, African Rainbow Minerals, Air Products, Akasol, Albermarle, Alkem, Alpine 4 Holdings, Ambri, AMICO India, Amvolt, AngloAmerican, Anhui New Materials (Conch Ventures), Antofagasta, and Apple

Scope

  • This report provides an overview of the batteries theme.
  • It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
  • It includes analysis of multiple data sets, including patents and M&A trends, alongside a timeline highlighting milestones in the development of the batteries.
  • The detailed value chain discusses the core segments, including raw materials, smelting and refining, component makers, battery technologies, end markets, and end of life.

Key Highlights

There will likely be a severe but temporary global battery shortage by 2025 due to a sudden increase in demand for electric vehicles (EVs) and a shortage of mined and refined battery metals, akin to the current chip shortage. However, the industry is investing heavily to prevent this from becoming a sustained threat by reducing its use of scarce materials, developing new materials and battery technologies, and, most important of all, developing a scaled-up global battery recycling industry. Meanwhile, China’s control of the entire global supply chain, from mines and refiners to component markers and cell producers, is a mounting geopolitical issue. The US and Europe are taking significant steps to reduce the dependence on China within their batteries supply chain by the end of the decade.

Reasons to Buy

  • Battery recycling is as much about geopolitics as it is about environmental sustainability.
  • The circular battery economy will be critical to the energy transition, and it is vital for nations (and companies) to develop domestic recycling.
  • This report provides an invaluable overview of the batteries, its challenges, and its potential impacts.

Key Players

3D0M Singapore
3M
ABB
ADS-TEC Energy
AES
African Rainbow Minerals
Air Products
Akasol
Albermarle
Alkem
Alpine 4 Holdings
Ambri
AMICO India
Amvolt
AngloAmerican
Anhui New Materials (Conch Ventures)
Antofagasta
Apple
Arcelor Mittal
Asahi Kasei
Asus
ATEPS
BASF
BHP
Blitz F21-842 (BorgWarner)
Bloom Energy
Briggs & Stratton
Brookfield Business Partners
BYD
Canada Cobalt
Cangzhou Mingzhu Plastic
CATL
Celgard
Ceres Power
China Molybdenum
Chubu Electric
Codelco
Comstock
Daikin Industries
Dell
Duke Energy
Duracell
E.ON
East Penn Manufacturing
Ecobat
Elec Jet Real Graphene
Électricité de France
Emrol
Enel
Energize
EnerSys
Enovic
Enovic
Entek International
Eramet
Evenate
Eveready
Exide
Faradion
First Quantum Minerals
Fleurette Group
Fortescue Metals
Freeport-McMoRan
Fuel Cell Energy
Gamou Capital
Ganfeng Lithium
GE
Gecamines
Geely
General Motors
Glencore
Gotion High-tech
Great Power
Greatpower Nickel & Cobalt Materials
Group 14
Grupo México
GS Battery
GS Yuasa
Guangdon Kaijin New Energy Technology
Guangzhou Tinci
Heritage Battery Recycling
Hibar Systems
Hitachi Chemical
HP
Huarong Chemical New Material
Huawei
Huizhou Yiwei Lithium Energy
Hunan Zongke
Hyundai
Ilika
Ion Storage Systems
Ionic Materials
Ivanhoe Capital Acquisition
Jiangxi Ganfeng
Jiangxi Zichen Technology
Johnson Controls International
Johnson Matthey
Kansai Electric
Kidman Resources
Koura
Kureha
Leading Edge Materials
Lenovo
Leoch
LG Energy Solution
Li-Cycle
Linde
Lishen
Lithion recycling
Lithium Americas
Livent
Maxwell Technologies
MeiDu Energy
Mercedes Benz
Microvast
Millennial Lithium
Mitsubishi
Mitsubishi Chemical
Mitsubishi Electric
Mitsui
Mitsui Mining & Smelting
Murata
Nabaltec
Nacional de Grafite Limitida
NEC Energy Solutions
NEC Tokin
NEI Corporation
Nexeon
NGK Insulators
Ningbo Shanshan
Nippon Chem
Norilsk Nickel
Northern Graphite
Northvolt
Ohara
Oppo
Orocobre
Pacific Gas & Electric
Panasonic
Peridot Acquisition
Pilbara Minerals
POSCO
Proviridis
Qingdao Manganese Series Investment
Qinghai Qaidam Xinghua Lithium Salt
Qualmega
QuantumScape
Redwood Materials
Reenova Investment
Reliance
Retriev Technologies
Rio Tinto
RMG Acquisition
Romeo Systems
SAIC
Samsung
Samsung SDI
Savion
Semcorp
SES Holdings
Shandong RuiFu Lithium Industry
Shangtai Technology
Shanshan Group
Shell New Energies
Shenzhen Capchem Technology
Shenzhen BTR
Shenzhen Nova
Shin Etsu
Shinzoom
Sichuan Zhiyuan
Siemens
SiILion
Sila Nanotechnologies
Silatronix
SimpliPhi Power
SK Innovation
Skeleton Technologies
Solvay
Sony
South32
Jupiter Mines MOIL
SQM
Stellantis
Sumitomo
Syrah Resources
Taizhou Hengchuan New Energy Materials Technology
Talga Resources
Tesla
Tianqi Lithium
Toda Kogyo
Toray Industries
Tuscan Holdings
Ube Industries
UCAP Power
Umicore
Vale
Vale Ivanhoe Mines
Vianode
Volkswagen
Wesfarmers
Wodinga Lithium Project (Mineral Resources)
W-Scope
Xiamen Shouneng Technology
Xiaomi
XTC New Energy
Yunnan Chuangxin New Material
Zhangjiagang Guotai
Zhenhua Shares
Zijn Mining

Table of Contents

Executive Summary

Players

Technology Briefing

Trends

Technology trends

Macroeconomic trends

Regulatory trends

Industry Analysis

Market size and growth forecasts

Patents

Mergers and acquisitions

Timeline

Value Chain

Raw materials

Smelting and refining

Component makers

Battery technologies

End markets

End of life

Companies

Public companies

Private companies

Sector Scorecards

Component makers sector scorecard

Vehicle manufacturing sector scorecard

Consumer electronics sector scorecard

Glossary

Further Reading

| Our Thematic Research Methodology

| About GlobalData

| Contact Us

Frequently Asked Questions

The battery market size was valued at $55 billion in 2020.

 

 

 

 

 

The battery market is expected to grow at a CAGR of more than 13% by 2030.

The key alternatives to batteries are hydrogen fuel cells, ultracapacitors, and thermal energy storage systems.

The key technology trends impacting the battery theme are the lithium era, battery materials, the silicon and graphene revolution, quantum glass technology, sodium technology, liquid metal battery technology, the Tesla factor, solid-state battery technology, developing solid-state battery technology, energy storage and battery alternatives, and ultracapacitors.

The key macroeconomic trends impacting the battery theme are Impending battery shortage, electric vehicles, battery recycling, the geopolitical battery arms race, ESG, nickel bottleneck, and vertical integration.

The key regulatory trends impacting the battery theme are exemplary Norway, competition in the lithium triangle, COP26 fallout, and graphite tariffs.

The key companies in the battery market are 3D0M Singapore, 3M, ABB, ADS-TEC Energy, AES, African Rainbow Minerals, Air Products, Akasol, Albermarle, Alkem, Alpine 4 Holdings, Ambri, AMICO India, Amvolt, AngloAmerican, Anhui New Materials (Conch Ventures), Antofagasta, and Apple.

$995

Can be used by individual purchaser only

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about our multi-purchase discounts

reportstore@globaldata.com
Tel +44 (0) 20 7947 2960

Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.

GDPR + CCPA Compliant

Personal and transaction information are kept safe from unauthorised use.

Recently Viewed Reports

Testimonial

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods
Looking to stay on top of industry & market trends?

Sign up to receive regular alerts for our latest analysis and reports. No matter your industry focus, you can keep your finger on the pulse with our timely updates.

Technology
New
Machine Learning - Thematic Intelligence
$1,950 | December 2022
Technology
New
Digital Identity - Thematic Intelligence
$1,950 | December 2022