The Key Players in Global Rechargeable Battery Market 2018-2022

Wednesday 16 May 2018, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global rechargeable battery market: East Penn Manufacturing, EnerSys, Exide Technologies, Johnson Controls, LG Chem, Saft, and SAMSUNG SDI.

Commenting on the report, an analyst said: “One trend in the market is declining Li-on battery prices. 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.”

According to the report, one driver in the market is increasing demand from consumer electronics. 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.

Further, the report states that one challenge in the market is increasing competition from fuel cell solutions. Lead-acid batteries face a major operational challenge, as they require an extended recharging period and exhibit a linear decline in the tendency to hold a charge with each charging cycle and must be replaced every 2-3 years.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.