The batteries industry comprises establishments include companies
manufacturing storage and primary batteries. A battery is a device consisting
of one or more electrochemical cells that produce electric current. Battery
manufacturers procure components and then they are assembled at various stages
of the manufacturing process. Batteries are sold to customers through
distributors, retail chains and retail stores, online stores and also, to
manufacturing companies.
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The
battery manufacturing market is valued at nearly $165 billion in 2017 due to the increasing demand for grid storage and electric vehicles
as it offers lightweight and high-energy density solutions. Asia Pacific was the largest region in the batteries
manufacturing market in 2017, accounting for four-fifth of the market share.
The
battery manufacturing market in The Business Research Company’s report is split
into two parts. Secondary Batteries segment was the
largest segment with more than fourth-fifth share of the market, and primary
batteries took up the remaining one-fifth share.
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report at
China was the largest region in the batteries manufacturing market
in 2017, accounting for more than half of market share. This is mainly due to high demand for batteries
from automobile industries and commercial establishments. China was followed by the USA and Japan.
The top five companies of the market are Panasonic
Corporation, Johnson Controls Inc., GS Yuasa Corporation, East Penn
Manufacturing Co., Inc. And Enersys Ltd. Panasonic was the biggest player in
the market in 2017. It operates through four segments: appliances company, AVC
network company, eco solution company, and industrial and automotive systems
company.
About The Business Research Company.
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