The batteries manufacturing market includes companies manufacturing storage and primary batteries. A battery is a device consisting of one or more electrochemical cells that produce electric current. Each cell produces electric current from the chemical reaction between the electrolyte and the terminals.
The top five companies covered are Panasonic Corporation, Johnson Controls Inc., GS Yuasa Corporation, East Penn Manufacturing Co., Inc. and EnerSys Ltd. Panasonic was the largest competitor in the batteries manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global batteries market was valued at around $165 billion in 2017. Asia Pacific was the largest region in the batteries manufacturing market in 2017, accounting for nearly 80% market share. China was the largest country in the market in 2017, accounting for nearly 60% market share.
With increasing global warming and consequent rise in government regulations, the demand for clean energy is increasing. Clean energy refers to energy generated from natural sources such as sunlight, wind and others. Renewable energy systems process energy from natural sources into usable forms and store in batteries for use at a later point of time. The batteries used in renewable energy systems include lead acid batteries, lithium-ion batteries and others. Lithium-ion batteries are the most common type of batteries used in electric vehicles.
The battery manufacturing market in this report is segmented into primary battery manufacturing and secondary battery manufacturing.
Primary Batteries manufacturing segment comprises establishments manufacturing disposable flashlight batteries, dry cells, lithium batteries and watch batteries.
Secondary Batteries are also known as storage batteries. Secondary batteries are rechargeable batteries that can be recharged by passing a current through it in the opposite direction of its discharge.
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