Global Polymer Battery Market - Market Size, Share & Industry Trends, Growth Analysis Report by Product Type, By Consumption and Forecast 2022 – 2032
Global Polymer Battery Market by Product (Lead Acid, Ni-cd, Nickle Metal Hydride, Li-ion), Application (Industrial, Automotive, Portable), and Regions (APAC, Europe, North America, and LAMEA) - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast 2022 – 2032
The Polymer Battery market size was valued at USD 109 billion in 2022 and is expected to surpass USD XX billion by 2032, expanding at a CAGR of 15.1 % during the forecast period, 2022–2032. The market's growth is attributed to the high demand for automotive applications and the increasing popularity of consumer electronics.
INTRODUCTION
A polymer battery is a type of rechargeable battery that uses a polymer electrolyte instead of a liquid electrolyte. The electrolyte in a polymer battery is a solid polymer material, typically a gel or film, which is more flexible and lighter than traditional liquid electrolytes.
Advantages of polymer batteries over traditional batteries include
Market Trends, Drivers, Restraints, and Opportunities
Scope of the Report
Attributes |
Details |
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Report Title | Polymer Battery Market - Global Industry Analysis, Share, Growth, Trends, Size, and Forecast |
Base Year | 2022 |
Historic Data | 2021–2022 |
Forecast Period | 2022–2032 |
Segmentation | Product (Lead Acid, Ni-cd, Nickle Metal Hydride, Li-ion), Application (Industrial, Automotive, Portable) |
Regional Scope | APAC, Europe, North America, and LAMEA |
Key Players Covered in the Report | GS Yuasa International Ltd. (Japan); Hitachi Chemical Co., Ltd (Japan); Johnson Controls (U.S.); Toshiba Corporation (Japan); Eveready Industries (India); LG Chem Ltd. (South Korea) |
Market Segment Insights
The lead-acid segment is projected to register a considerable share of 30.1%
Based on product, the polymer battery market is divided into lead-acid, Ni-cd, Nickle metal hydride, Li-ion. The lead-acid segment is expected to expand rapidly during the forecast period owing to the high use of uninterrupted power supply devices in the oil & gas, the chemical sector, and healthcare. The constant power supply, high reliability, and low cost are driving the use of lead-acid batteries in various applications. However, the lithium-ion segment is anticipated to hold a key share of the market in the coming years owing to its growing demand for electric vehicles and grid storage that offers high energy density solutions and lightweight.
The automotive segment is projected to expand at a rapid pace
Based on application, the polymer battery market is divided into industrial, automotive, and portable. The automotive segment is expected to expand rapidly during the forecast period owing to increasing demand for EVs, HEVs, and plug-in hybrid vehicles. However, the portable segment is anticipated to hold a key share of the market in the coming years.
Asia Pacific holds the largest revenue share
In terms of regions, the polymer battery market is classified as APAC, Europe, North America, and LAMEA. The market of Asia Pacific holds the largest revenue share and is expected to constitute a key share of the market during the projected period owing to growing automobile production, coupled with rapid development in the industrial sector generating high demand in the region. However, the market in North America is anticipated to expand at a rapid pace during the forecast period owing to a decrease in the cost of Li-ion batteries, increased sales of consumer electronics, the growing renewable sector, and the rapid adoption of electric vehicles. Moreover, Europe is expected to create lucrative growth in the market on account of increasing electric vehicle production.
Competitive Landscape
Key players competing in the Polymer Battery market are GS Yuasa International Ltd. (Japan); Hitachi Chemical Co., Ltd (Japan); Johnson Controls (U.S.); Toshiba Corporation (Japan); Eveready Industries (India); LG Chem Ltd. (South Korea).
FAQs
Mention the market size of the Polymer Battery in 2022.
The market size of the Polymer Battery in 2022 was USD 109 billion.
During the forecast period, what is the CAGR of the market?
During the forecast period, the CAGR of the market is expected to be 15.1%.
What are the key drivers of the market?
The market's growth is attributed to the high demand for automotive applications and the increasing popularity of consumer electronics.
What segments are covered in the Polymer Battery report?
The segments covered in the report are product (lead acid, Ni-cd, Nickle metal hydride, li-ion), and application (industrial, automotive, portable).
Mention which region is expected to hold the highest share of the Polymer Battery market.
The Asia Pacific region is expected to hold the highest share of the Polymer Battery market.
Which segment holds the largest market share in the Polymer Battery by 2032?
The automotive segment holds the largest market share in the Polymer Battery by 2032.
Mention the key players in the market.
GS Yuasa International Ltd. (Japan); Hitachi Chemical Co., Ltd (Japan); Johnson Controls (U.S.); Toshiba Corporation (Japan); Eveready Industries (India); LG Chem Ltd. (South Korea).
1 INTRODUCTION TO GLOBAL POLYMER BATTERY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF WISH TREE INSIGHTS
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL POLYMER BATTERY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
5 GLOBAL POLYMER BATTERY MARKET, BY PRODUCT
5.1 Overview
5.2 Lead Acid
5.3 Ni-cd
5.4 Nickle Metal Hydride
5.5 Li-ion
6 GLOBAL POLYMER BATTERY MARKET, APPLICATION
6.1 Overview
6.2 Industrial
6.3 Automotive
6.4 Portable
7 GLOBAL POLYMER BATTERY MARKET, BY GEOGRAPHY
7.1 Overview
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 U.K.
7.3.3 France
7.3.4 Rest of Europe
7.4 The Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia Pacific
7.5 Rest of the World
7.5.1 Latin America
7.5.2 The Middle East & Africa
8 GLOBAL POLYMER BATTERY MARKET COMPETITIVE LANDSCAPE
8.1 Overview
8.2 Company Market Ranking
8.3 Key Development Strategies
9 COMPANY PROFILES
9.1 GS Yuasa International Ltd. (Japan)
9.1.1 Overview
9.1.2 Financial Performance
9.1.3 Product Outlook
9.1.4 Key Developments
9.2 Hitachi Chemical Co., Ltd (Japan)
9.2.1 Overview
9.2.2 Financial Performance
9.2.3 Product Outlook
9.2.4 Key Developments
9.3 Johnson Controls (U.S.)
9.3.1 Overview
9.3.2 Financial Performance
9.3.3 Product Outlook
9.3.4 Key Developments
9.4 Toshiba Corporation (Japan)
9.4.1 Overview
9.4.2 Financial Performance
9.4.3 Product Outlook
9.4.4 Key Developments
9.5 Eveready Industries (India)
9.5.1 Overview
9.5.2 Financial Performance
9.5.3 Product Outlook
9.5.4 Key Developments
9.6 LG Chem Ltd. (South Korea)
9.6.1 Overview
9.6.2 Financial Performance
9.6.3 Product Outlook
9.6.4 Key Developments
10 Appendix
10.1 Related Research
Segments Covered in the Report
Product
Application
Regions
Key Players
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