Rechargeable Battery Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Rechargeable batteries store energy through a reversible chemical reaction, which allows charge to be stored again after the battery has been drained. There are three main types of rechargeable batteries for domestic use that vary in terms of the chemicals that deliver their charge nickel cadmium (NiCD), antacid, lithium, and nickel metal hydride (NiMH). The demand for rechargeable batteries market is primarily driven by shift in consumer preference toward usage of rechargeable batteries as they are more energy efficient, produce less waste and can be charged with a simple battery charger.

MARKET SCOPE

The "Global Rechargeable Battery Market Analysis to 2031" is a specialized and in-depth study of the storage and distribution industry with a special focus on the global market trend analysis. The report aims to provide an overview of the rechargeable battery market with detailed market segmentation by battery type, capacity, application and geography. The report provides key statistics on the market status of the leading rechargeable battery market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  On the basis of battery type the market is segmented into Lead Acid Battery, Lithium-Ion Battery, Nickel Metal Hydride (NiMH) Battery, Nickel Cadmium (NiCd) Battery, Others
  
•  On the basis capacity, the market is segmented as 150 - 1,000 mAh, 1,001 - 2,700 mAh, 2,701 - 4,000 mAh, 4,001 - 6,000 mAh, 6,001 - 10,000 mAh, and more than 10,000 mAh
  
•  On the basis application, the market is segmented as Consumer electronics, Industrial, Automobile, Defense, and Others
  

MARKET DYNAMICS

Drivers:

•  Increasing demand for consumer devices and portable devices boosts the demand for rechargeable batteries
  
•  The ongoing innovations in the field of material sciences have enabled manufacturers to improve the performance of rechargeable batteries is propelling the demand for rechargeable batteries
  

Restraints:

•  Safety issues related to storage and transportation of spent batteries is estimated to be a restraint to the global rechargeable battery market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The rechargeable battery market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the rechargeable battery market in these regions.

IMPACT OF COVID-19 ON RECHRAGEABLE BATTERY MARKET

The outbreak of the COVID-19 has severely impacted the energy and power industries, which resulted in lower sales of rechargeable battery in the year 2021. The rechargeable battery market players struggled to gain profits by selling their products worldwide. In addition, the shutdown of various plants and restricting the supply of batteries and other components due to severe disruptions in businesses and the global economy. declined the sale of rechargeable battery for specific periods. Overall, the sales were down in 2021, while the beginning of the 2021 market normalized the sale volume with an increase in manufacturing activities. The growth in population, rise in adoption of consumer electronics products, and emergence as an ecological and sustainable substitute of non-rechargeable batteries, across the globe is anticipated to boost the demands for the rechargeable battery market in the pandemic recovering period.

MARKET PLAYERS

The report covers key developments in the rechargeable battery market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players in the rechargeable battery market are anticipated to provide lucrative growth opportunities in the future with the rising demand for rechargeable battery in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the rechargeable battery market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  EAST PENN MANUFACTURING
  
•  ENERSYSL
  
•  EXIDE TECHNOLOGIES
  
•  JOHNSON CONTROLS
  
•  LG CHEM
  
•  SAFT
  
•  SAMSUNG SDI
  
•  PANASONIC CORPORATION
  
•  APPLE INC.
  
•  STMICROELECTRONICS N.V.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Rechargeable Battery Report Scope