Global Rechargeable Battery Market 2018-2022

Overview of the global rechargeable battery market

Technavio's market research analysts have identified the increasing demand from consumer electronics as one of the primary factors that will trigger the growth of the rechargeable battery market in the coming years. Owing to rapid urbanization and the rise in number of earning individuals in a family, the disposable income of individuals has increased across the world. Middle-class individuals are enhancing their living standards due to the increase in their disposable income, which in turn, enables them to purchase gadgets such as laptops, smartphones, and smart wearables. This is driving the growth of the consumer electronics market, in turn, increasing the demand for batteries. Moreover, the rise in per capita income also drives the growth of the consumer electronics market, subsequently contributing to the demand for rechargeable batteries. Our market research analysts have estimated that this market will grow steadily at a CAGR of more than 8% by 2022.

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One of the key trends that will gain traction in the rechargeable battery market is the declining price of Li-ion batteries. Owing to the reduction in the demand for other batteries, the Li-ion battery market is witnessing fast-paced growth. The major difference between Li-ion batteries and other battery technologies such as fuel cell batteries is the pricing. The price of the Li-ion batteries is expected to reduce further since the key vendors in the rechargeable cell market are focusing on developing technologically advanced Li-ion batteries.

Companies covered

The rechargeable battery market is characterized by the presence of a large number of vendors and appears to be quite competitive. By offering an in-depth analysis of the competitive strategies adopted by the companies in this market and the products they offer, this industry research report helps vendors sustain the competition in this global market. To help clients enhance their customer reach, Technavio's research report also offers information on the areas the companies are focusing on.

The report includes an analysis of a number of companies in this marketspace including -

• East Penn Manufacturing
• EnerSys
• Exide Technologies
• Johnson Controls
• LG Chem
• Saft
• SAMSUNG SDI

Segmentation by product and analysis of the rechargeable battery market

• Lead-acid battery
• Li-ion battery

The lead-acid battery market segment accounted for the major share of the rechargeable battery market during 2017. However, Li-ion battery segment will witness a considerable increase in its market share during the forecast period and the segment will dominate the market by the end of the forecast period.

Geographical segmentation and analysis of the rechargeable battery market

• Americas
• APAC
• EMEA

Our analysts have predicted that in terms of geographic regions, the rechargeable battery market will witness considerable growth in APAC during the next few years. The region will be the major contributor to the growth of the rechargeable cell market share in its parent market till 2022.

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Key questions answered in the report include

• What will the rechargeable battery market size and growth rate be in 2022?
• What are the key factors driving the global rechargeable battery market?
• What are the key market trends impacting the growth of the global rechargeable battery market?
• What are the challenges to market growth?
• Who are the key vendors in the global rechargeable battery market?
• What are the market opportunities and threats faced by the vendors in the global rechargeable battery market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global rechargeable battery market?

Technavio also offers customization on reports based on specific client requirement.

Technavio's updated research report on the rechargeable battery market for 2018-2022 encompasses a wide range of factors that will prove crucial to our clients and provide them with actionable insights. Our report on the rechargable battery is an extension of our previous research which aims at helping businesses to form strategic plans.  The analysis will also provide a solution for the rapidly changing market trends and expand their market share in untapped segments. Our market research report help clients gain higher market share; by offering valuable insights into multiple sections impacting the growth of the market globally. Our previous market research analyst suggests, the growing demand for lead-acid battery replacement from automotive industries across the globe has led to growth of the market.

Our industry research report on the rechargeable battery market is an integral part of Technavio's energy portfolio and offers intelligence within the market space for energy storage. It also aims at providing in-depth market intelligence for multiple regions across the globe including the changes in the demand-supply shifts in regions. Technavio's market research report also supports client gain a competitive advantage by giving insights on multiple products and services offered by vendors operating in the market. This report on the rechargeable battery market presents a detailed analysis of several players in the market along with a detailed analysis of the innovative products and services offered by them.

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Key highlights in global rechargeable battery market 2018-2022:

• Extensive market definition of the rechargeable battery market
• Analysis by multiple marketing tools such as Porter's five forces model
• Detail characterization of the parent market
• Predictions of the market based on industry lifecycle, market innovation, new M&A and disruption threats
•  In-depth intelligence on the changing competitive scenario and a detailed vendor analysis