Rechargeable Battery Market Demand and Overall Growth Rate Analysis to 2025

Global rechargeable battery market is anticipated to witness an exponential growth in the forecast period. A rechargeable battery implies a type of battery that could be recharged repeatedly by putting its terminals along DC, after the battery being drained out. Rechargeable batteries offer numerous procedures from its cell and a well long-term investment in terms of money spent on devices, which could be recharged.

The factors that propel the growth of the market include increasing demand for portable devices and consumer devices such as digital cameras, music players, portable computing devices, camera phones, rising demand for bio-based and automobile vehicles, increasing consciousness regarding battery-enabled consumer devices, growing per capita income, and continuous development efforts and high-performance batteries. On the other hand, there are factors that may hamper the growth of the market including high cost and heap alternates of rechargeable batteries.

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Rechargeable battery market is anticipated to expand at a significant CAGR of 8.32% in the upcoming period as the scope, product types, and its applications are increasing across the globe. The declining Li-on battery prices is an emerging trend in the market. Due to the decrease in the demand for other batteries, the Li-ion battery market is observing fast-paced development. The main difference between Li-ion batteries and other battery technology such as fuel cell batteries is the pricing.

Market could be explored by type, capacity, application, and geography. Market could be explored by type as Lead-acid battery and Lithium-ion (LiOn) and Others. The “Lead-acid battery” segment led the rechargeable battery market in 2017 and will continue to lead in the forecast period. The key factor that may be attributed to the growth of the market includes an increase in demand.

Based on capacity, market could span 150 - 1000 mAh, 1300 - 2700 mAh, 3000 - 4000 mAh, 4000 - 6000 mAh, 6000 - 10000 mAh and More than 10000 mAh. The key applications that could be explored in the rechargeable battery market include Laptops, Consumer Devices, Mobiles, Speakers, Music Players, Digital Camera, Power Banks (Portable charger) and Others. Automobile (Two wheelers and Four wheelers).

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Market Segment:

The major manufacturers covered in this report

• Battery Technology, Inc.

• Beckett Energy Systems

• BYD Company Limited

• Duracell Inc.

• EaglePicher Technologies, LLC

• Exide Technologies

• Energizer

• GP Batteries

• Duracell

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, market share and growth opportunity in these key regions, covering

• North America

• Europe

• China

• Japan

• Southeast Asia

• India

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

• Lead-Acid Battery

• Li-Ion Battery

• Flow Battery

• Other

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