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Storage Battery-Global Market Insights and Sales Trends 2024
Synopsis
The global Storage Battery market size is expected to reach US$ 8495.9 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Storage Battery in various end use industries. The expanding demands from the Power Banks, Electric Vehicles, Cordless Power Tools and Electric Equipments, are propelling Storage Battery market. Wind Power, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Tidal Power segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Storage Battery market, driven by demand from China, the second largest economy with some signs of stabilising, the Storage Battery market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Storage Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Storage Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Storage Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Storage Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Storage Battery covered in this report include NGK Insulators Ltd, BYD Co. Ltd, Sumitomo Electric Industries Ltd., Samsung SDI Co. Ltd, GE Energy Storage and Tesla Motors Inc., etc.
The global Storage Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
NGK Insulators Ltd
BYD Co. Ltd
Sumitomo Electric Industries Ltd.
Samsung SDI Co. Ltd
GE Energy Storage
Tesla Motors Inc.
Global Storage Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Storage Battery market, Segment by Type:
Wind Power
Tidal Power
Solar Power
Other
Global Storage Battery market, by Application
Power Banks
Electric Vehicles
Cordless Power Tools
Electric Equipments
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Storage Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Storage Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global Storage Battery market size is expected to reach US$ 8495.9 million by 2029, growing at a CAGR of 3.3% from 2023 to 2029. The market is mainly driven by the significant applications of Storage Battery in various end use industries. The expanding demands from the Power Banks, Electric Vehicles, Cordless Power Tools and Electric Equipments, are propelling Storage Battery market. Wind Power, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Tidal Power segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Storage Battery market, driven by demand from China, the second largest economy with some signs of stabilising, the Storage Battery market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Storage Battery, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Storage Battery market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Storage Battery market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Storage Battery sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Storage Battery covered in this report include NGK Insulators Ltd, BYD Co. Ltd, Sumitomo Electric Industries Ltd., Samsung SDI Co. Ltd, GE Energy Storage and Tesla Motors Inc., etc.
The global Storage Battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
NGK Insulators Ltd
BYD Co. Ltd
Sumitomo Electric Industries Ltd.
Samsung SDI Co. Ltd
GE Energy Storage
Tesla Motors Inc.
Global Storage Battery market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Storage Battery market, Segment by Type:
Wind Power
Tidal Power
Solar Power
Other
Global Storage Battery market, by Application
Power Banks
Electric Vehicles
Cordless Power Tools
Electric Equipments
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Storage Battery manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Storage Battery in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Storage Battery Market Overview
1.1 Storage Battery Product Overview
1.2 Storage Battery Market Segment by Type
1.2.1 Wind Power
1.2.2 Tidal Power
1.2.3 Solar Power
1.2.4 Other
1.3 Global Storage Battery Market Size by Type
1.3.1 Global Storage Battery Market Size Overview by Type (2018-2029)
1.3.2 Global Storage Battery Historic Market Size Review by Type (2018-2023)
1.3.3 Global Storage Battery Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Storage Battery Sales Breakdown by Type (2018-2023)
1.4.2 Europe Storage Battery Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Storage Battery Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Storage Battery Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Storage Battery Sales Breakdown by Type (2018-2023)
2 Global Storage Battery Market Competition by Company
2.1 Global Top Players by Storage Battery Sales (2018-2023)
2.2 Global Top Players by Storage Battery Revenue (2018-2023)
2.3 Global Top Players by Storage Battery Price (2018-2023)
2.4 Global Top Manufacturers Storage Battery Manufacturing Base Distribution, Sales Area, Product Type
2.5 Storage Battery Market Competitive Situation and Trends
2.5.1 Storage Battery Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Storage Battery Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Storage Battery as of 2022)
2.7 Date of Key Manufacturers Enter into Storage Battery Market
2.8 Key Manufacturers Storage Battery Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Storage Battery Status and Outlook by Region
3.1 Global Storage Battery Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Storage Battery Historic Market Size by Region
3.2.1 Global Storage Battery Sales in Volume by Region (2018-2023)
3.2.2 Global Storage Battery Sales in Value by Region (2018-2023)
3.2.3 Global Storage Battery Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Storage Battery Forecasted Market Size by Region
3.3.1 Global Storage Battery Sales in Volume by Region (2024-2029)
3.3.2 Global Storage Battery Sales in Value by Region (2024-2029)
3.3.3 Global Storage Battery Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Storage Battery by Application
4.1 Storage Battery Market Segment by Application
4.1.1 Power Banks
4.1.2 Electric Vehicles
4.1.3 Cordless Power Tools
4.1.4 Electric Equipments
4.2 Global Storage Battery Market Size by Application
4.2.1 Global Storage Battery Market Size Overview by Application (2018-2029)
4.2.2 Global Storage Battery Historic Market Size Review by Application (2018-2023)
4.2.3 Global Storage Battery Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Storage Battery Sales Breakdown by Application (2018-2023)
4.3.2 Europe Storage Battery Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Storage Battery Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Storage Battery Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Storage Battery Sales Breakdown by Application (2018-2023)
5 North America Storage Battery by Country
5.1 North America Storage Battery Historic Market Size by Country
5.1.1 North America Storage Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Storage Battery Sales in Volume by Country (2018-2023)
5.1.3 North America Storage Battery Sales in Value by Country (2018-2023)
5.2 North America Storage Battery Forecasted Market Size by Country
5.2.1 North America Storage Battery Sales in Volume by Country (2024-2029)
5.2.2 North America Storage Battery Sales in Value by Country (2024-2029)
6 Europe Storage Battery by Country
6.1 Europe Storage Battery Historic Market Size by Country
6.1.1 Europe Storage Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Storage Battery Sales in Volume by Country (2018-2023)
6.1.3 Europe Storage Battery Sales in Value by Country (2018-2023)
6.2 Europe Storage Battery Forecasted Market Size by Country
6.2.1 Europe Storage Battery Sales in Volume by Country (2024-2029)
6.2.2 Europe Storage Battery Sales in Value by Country (2024-2029)
7 Asia-Pacific Storage Battery by Region
7.1 Asia-Pacific Storage Battery Historic Market Size by Region
7.1.1 Asia-Pacific Storage Battery Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Storage Battery Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Storage Battery Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Storage Battery Forecasted Market Size by Region
7.2.1 Asia-Pacific Storage Battery Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Storage Battery Sales in Value by Region (2024-2029)
8 Latin America Storage Battery by Country
8.1 Latin America Storage Battery Historic Market Size by Country
8.1.1 Latin America Storage Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Storage Battery Sales in Volume by Country (2018-2023)
8.1.3 Latin America Storage Battery Sales in Value by Country (2018-2023)
8.2 Latin America Storage Battery Forecasted Market Size by Country
8.2.1 Latin America Storage Battery Sales in Volume by Country (2024-2029)
8.2.2 Latin America Storage Battery Sales in Value by Country (2024-2029)
9 Middle East and Africa Storage Battery by Country
9.1 Middle East and Africa Storage Battery Historic Market Size by Country
9.1.1 Middle East and Africa Storage Battery Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Storage Battery Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Storage Battery Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Storage Battery Forecasted Market Size by Country
9.2.1 Middle East and Africa Storage Battery Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Storage Battery Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 NGK Insulators Ltd
10.1.1 NGK Insulators Ltd Company Information
10.1.2 NGK Insulators Ltd Introduction and Business Overview
10.1.3 NGK Insulators Ltd Storage Battery Sales, Revenue and Gross Margin (2018-2023)
10.1.4 NGK Insulators Ltd Storage Battery Products Offered
10.1.5 NGK Insulators Ltd Recent Development
10.2 BYD Co. Ltd
10.2.1 BYD Co. Ltd Company Information
10.2.2 BYD Co. Ltd Introduction and Business Overview
10.2.3 BYD Co. Ltd Storage Battery Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BYD Co. Ltd Storage Battery Products Offered
10.2.5 BYD Co. Ltd Recent Development
10.3 Sumitomo Electric Industries Ltd.
10.3.1 Sumitomo Electric Industries Ltd. Company Information
10.3.2 Sumitomo Electric Industries Ltd. Introduction and Business Overview
10.3.3 Sumitomo Electric Industries Ltd. Storage Battery Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Sumitomo Electric Industries Ltd. Storage Battery Products Offered
10.3.5 Sumitomo Electric Industries Ltd. Recent Development
10.4 Samsung SDI Co. Ltd
10.4.1 Samsung SDI Co. Ltd Company Information
10.4.2 Samsung SDI Co. Ltd Introduction and Business Overview
10.4.3 Samsung SDI Co. Ltd Storage Battery Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Samsung SDI Co. Ltd Storage Battery Products Offered
10.4.5 Samsung SDI Co. Ltd Recent Development
10.5 GE Energy Storage
10.5.1 GE Energy Storage Company Information
10.5.2 GE Energy Storage Introduction and Business Overview
10.5.3 GE Energy Storage Storage Battery Sales, Revenue and Gross Margin (2018-2023)
10.5.4 GE Energy Storage Storage Battery Products Offered
10.5.5 GE Energy Storage Recent Development
10.6 Tesla Motors Inc.
10.6.1 Tesla Motors Inc. Company Information
10.6.2 Tesla Motors Inc. Introduction and Business Overview
10.6.3 Tesla Motors Inc. Storage Battery Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Tesla Motors Inc. Storage Battery Products Offered
10.6.5 Tesla Motors Inc. Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Storage Battery Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Storage Battery Industrial Chain Analysis
11.4 Storage Battery Market Dynamics
11.4.1 Storage Battery Industry Trends
11.4.2 Storage Battery Market Drivers
11.4.3 Storage Battery Market Challenges
11.4.4 Storage Battery Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Storage Battery Distributors
12.3 Storage Battery Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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