Search for a report

Reports

  • You are here:
  • Home
  • Downloads
  • ASIA-PACIFIC BATTERY MARKET FORECAST 2022-2030

ASIA-PACIFIC BATTERY MARKET FORECAST 2022-2030

The Asia-Pacific battery market is evaluated to develop with a CAGR of 17.68% over the forecasted years of 2022 to 2030, capturing a revenue share of $217192.04 million by 2030.

ASIA-PACIFIC BATTERY MARKET FORECAST 2022-2030

Asia-Pacific Battery Market by Type (Primary Battery, Secondary Battery) Market by Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-cadmium Battery, Nickel Metal Hydride Battery, Nickel-zinc Battery, Flow Battery, Sodium-sulfur Battery, Zinc-manganese Dioxide Battery, Small Sealed Lead-acid Battery, Other Batteries) Market by Application (Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, Sli Batteries, Other Applications) by Geography

Request free sample

The Asia-Pacific battery market is evaluated to develop with a CAGR of 17.68% over the forecasted years of 2022 to 2030, capturing a revenue share of $217192.04 million by 2030.

The increasing adoption of electric vehicles, the developing renewable sector, and the launch of high-quality energy as well as power storage technology are among the key factors accredited to the market growth of the region. However, the Asia-Pacific battery market is likely to be hindered by the ineffective recycling and reuse of batteries, in addition to insufficient charging infrastructure.

Asia pacific Battery Market

To learn more about this report, request a free sample copy

The Asia-Pacific battery market growth assessment covers the study of Australia & New Zealand, South Korea, India, Japan, China, and Rest of Asia-Pacific. The rapidly developing renewable sector, the growth in the automotive industry, and the increasing sale of consumer electronics are among the key factors reinforcing the global battery market in China. As one of the largest automotive markets across the globe, nearly 4.67 million commercial vehicles, as well as 21.41 million passenger cars, were manufactured in the country in 2021. Moreover, with a manufacturing volume of approximately 21.41 million passenger vehicles, China ranked first among the nations with the highest passenger car production. In addition, every fourth passenger vehicle manufacturer in the world, on average, was manufactured in China.

Conversely, Japan has witnessed significant developments among market players, particularly in the arena of battery technologies and battery electric vehicles. In 2022, for instance, Toyota introduced the bZ4X sport utility vehicle (SUV), its first mass-produced battery-electric car in the country. Subsequently, in the same year, Nissan announced the launch of its second battery-electric vehicle mode termed the Ariya SUV. Research and development, as well as advancements in battery chemistries, are further anticipated to account for a notable growth opportunity, especially in terms of battery adoption and application. Hence, these factors are set to propel the battery market growth in the Asia-Pacific over the forecast period.

The Asia-Pacific battery market is segmented into type, technology, and application. The application category is further classified into automotive batteries, portable batteries, SLI batteries, industrial batteries, power tools batteries, and other applications. Automotive batteries are utilized for powering the electrical systems of vehicles when the engine is turned off. It is also used to start the engine, delivering current for the ignition system as well as the electric starter motor.

On the other hand, the industrial applications of batteries entail telecommunication, road signs, forklifts with extra material handling equipment, energy storage, security, emergency lighting, uninterrupted power supplies, medical, and control and switchgear.

Some of the prominent companies operating in the Asia-Pacific battery market are Toshiba Corporation, GS Yuasa International Ltd, LG Chem Ltd, etc.

Toshiba Corporation, headquartered in Japan, is a multinational company providing a diverse range of products and services. These include batteries, industrial, power, and social infrastructure systems, escalators, semiconductors, elevators, electronic components, lighting, hard disk drives (HDD), printers, as well as IT solutions like quantum cryptography.

Toshiba SCiBTM is a highly safe rechargeable battery with outstanding characteristics. In this regard, it is designed to inhibit thermal runaway arising from short-circuiting due to physical stress.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Type, Technology, and Application
Countries Analyzed Australia & New Zealand, South Korea, India, Japan, China, and Rest of Asia-Pacific
Companies Analyzed

Johnsons Controls Inc, GS Yuasa International Ltd, Exide Technologies, LG Chem Ltd, A123 Systems LLC, Toshiba Corporation, Panasonic Corporation, Samsung SDI Co Ltd, Saft Groupe SA, Trojan Battery Company, BYD Company Ltd, NEC Corporation, Eveready Industries, Duracell, East Penn Manufacturing Co, Crown Battery Manufacturing Company, C&D Technologies Inc, Enersys, Murata Manufacturing Co Ltd, Shenzhen Bak Battery Co Ltd

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • KEY DRIVERS
      • INCREASING POPULARITY OF CONSUMER ELECTRONICS
      • INCENTIVES FOR EV BATTERY MANUFACTURING
      • DECLINING PRICES OF BATTERIES
      • HIGH DEMAND FOR AUTOMOTIVE APPLICATIONS ESPECIALLY FROM ELECTRIC VEHICLES
    • KEY RESTRAINTS
      • SAFETY ISSUES RELATED TO BATTERY USAGE
      • VOLATILITY IN RAW MATERIAL PRICES
      • ISSUES RELATED TO BATTERY RECYCLING
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON BATTERY MARKET
    • KEY MARKET TRENDS
    • PORTER’S FIVE FORCES ANALYSIS
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • KEY BUYING CRITERIA
      • ENERGY DENSITY
      • BATTERY MEMORY
      • LIFETIME
      • DURABILITY
    • VALUE CHAIN ANALYSIS
    • LEGAL, POLICY & REGULATORY FRAMEWORK
    • BATTERY/RAW MATERIAL PRICE TRENDS AND FORECAST, BY MAJOR TECHNOLOGY TYPE
    • IMPORT AND EXPORT ANALYSIS, BY MAJOR TECHNOLOGY TYPE AND MAJOR COUNTRIES
  2. MARKET BY TYPE
    • PRIMARY BATTERY
    • SECONDARY BATTERY
  3. MARKET BY TECHNOLOGY
    • LEAD-ACID BATTERY
    • LITHIUM-ION BATTERY
    • NICKEL-CADMIUM BATTERY
    • NICKEL METAL HYDRIDE BATTERY
    • NICKEL-ZINC (NIZN) BATTERY
    • FLOW BATTERY
    • SODIUM-SULFUR (NAS) BATTERY
    • ZINC-MANGANESE DIOXIDE BATTERY
    • SMALL SEALED LEAD-ACID BATTERY
    • OTHER BATTERIES
  4. MARKET BY APPLICATION
    • AUTOMOTIVE BATTERIES
    • INDUSTRIAL BATTERIES
    • PORTABLE BATTERIES
    • POWER TOOLS BATTERIES
    • SLI BATTERIES
    • OTHER APPLICATIONS
  5. GEOGRAPHICAL ANALYSIS
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
  1. COMPETITIVE LANDSCAPE
    • KEY STRATEGIC DEVELOPMENTS
      • MERGERS & ACQUISITIONS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • PARTNERSHIPS & AGREEMENTS
      • BUSINESS EXPANSIONS & DIVESTITURES
    • COMPANY PROFILES
      • A123 SYSTEMS LLC
      • BYD COMPANY LTD
      • C&D TECHNOLOGIES INC
      • CROWN BATTERY MANUFACTURING COMPANY
      • DURACELL
      • EAST PENN MANUFACTURING CO
      • ENERSYS
      • EVEREADY INDUSTRIES
      • EXIDE TECHNOLOGIES
      • GS YUASA INTERNATIONAL LTD
      • JOHNSONS CONTROLS INC
      • LG CHEM LTD
      • MURATA MANUFACTURING CO LTD
      • NEC CORPORATION
      • PANASONIC CORPORATION
      • SAFT GROUPE SA
      • SAMSUNG SDI CO LTD
      • SHENZHEN BAK BATTERY CO LTD
      • TOSHIBA CORPORATION
      • TROJAN BATTERY COMPANY

LIST OF TABLES  

TABLE 1: MARKET SNAPSHOT – BATTERY

TABLE 2: LEGAL, POLICY & REGULATORY FRAMEWORK

TABLE 3: ASIA-PACIFIC BATTERY MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC BATTERY MARKET, BY TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC BATTERY MARKET, BY TECHNOLOGY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC BATTERY MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC BATTERY MARKET, BY APPLICATION, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC BATTERY MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)

TABLE 11: LEADING PLAYERS OPERATING IN ASIA-PACIFIC BATTERY MARKET

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 15: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: ASIA-PACIFIC BATTERY MARKET, GROWTH POTENTIAL, BY TYPE, IN 2021

FIGURE 8: ASIA-PACIFIC BATTERY MARKET, BY PRIMARY BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC BATTERY MARKET, BY SECONDARY BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC BATTERY MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2021

FIGURE 11: ASIA-PACIFIC BATTERY MARKET, BY LEAD-ACID BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC BATTERY MARKET, BY LITHIUM-ION BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-CADMIUM BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC BATTERY MARKET, BY NICKEL METAL HYDRIDE BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC BATTERY MARKET, BY NICKEL-ZINC (NIZN) BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC BATTERY MARKET, BY FLOW BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC BATTERY MARKET, BY SODIUM-SULFUR (NAS) BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC BATTERY MARKET, BY ZINC-MANGANESE DIOXIDE BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC BATTERY MARKET, BY SMALL SEALED LEAD-ACID BATTERY, 2022-2030 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC BATTERY MARKET, BY OTHER BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC BATTERY MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2021

FIGURE 22: ASIA-PACIFIC BATTERY MARKET, BY AUTOMOTIVE BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC BATTERY MARKET, BY INDUSTRIAL BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC BATTERY MARKET, BY PORTABLE BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC BATTERY MARKET, BY POWER TOOLS BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC BATTERY MARKET, BY SLI BATTERIES, 2022-2030 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC BATTERY MARKET, BY OTHER APPLICATIONS, 2022-2030 (IN $ MILLION)

FIGURE 28: ASIA-PACIFIC BATTERY MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

FIGURE 29: CHINA BATTERY MARKET, 2022-2030 (IN $ MILLION)

FIGURE 30: JAPAN BATTERY MARKET, 2022-2030 (IN $ MILLION)

FIGURE 31: INDIA BATTERY MARKET, 2022-2030 (IN $ MILLION)

FIGURE 32: SOUTH KOREA BATTERY MARKET, 2022-2030 (IN $ MILLION)

FIGURE 33: AUSTRALIA & NEW ZEALAND BATTERY MARKET, 2022-2030 (IN $ MILLION)

FIGURE 34: REST OF ASIA-PACIFIC BATTERY MARKET, 2022-2030 (IN $ MILLION)

  1. GEOGRAPHICAL ANALYSIS
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
  1. MARKET BY TYPE
    • PRIMARY BATTERY
    • SECONDARY BATTERY
  2. MARKET BY TECHNOLOGY
    • LEAD-ACID BATTERY
    • LITHIUM-ION BATTERY
    • NICKEL-CADMIUM BATTERY
    • NICKEL METAL HYDRIDE BATTERY
    • NICKEL-ZINC (NIZN) BATTERY
    • FLOW BATTERY
    • SODIUM-SULFUR (NAS) BATTERY
    • ZINC-MANGANESE DIOXIDE BATTERY
    • SMALL SEALED LEAD-ACID BATTERY
    • OTHER BATTERIES
  3. MARKET BY APPLICATION
    • AUTOMOTIVE BATTERIES
    • INDUSTRIAL BATTERIES
    • PORTABLE BATTERIES
    • POWER TOOLS BATTERIES
    • SLI BATTERIES
    • OTHER APPLICATIONS

To request a free sample copy of this report, please complete the form below :

We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


    To request a free sample copy of this report, please complete the form below:

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


      Choose License Type