This study analyzes the world battery industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., alkaline, zinc-carbon/zinc-chloride, lithium, lead-acid), market (e.g., consumer, automotive, industrial), world region and major country. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry participants.
Global demand to rise 8.5% annually through 2016
World demand for primary and secondary batteries is forecast to rise 8.5 percent per year to $144 billion in 2016. China will remain the largest national market for batteries and will also be the fastest growing market, bolstered by a large electronics manufacturing segment as well as expanding output and use of motor vehicles. Sales of batteries in India will expand only slightly slower than those in China, as the nation’s manufacturing base continues to grow and personal incomes rise.
Reduced pressure on battery prices to slow value gains
From 2006 to 2011, the cost of batteries increased very rapidly. A combination of high raw material costs and the shutdown of most of China’s lead-acid battery capacity at the end of 2011 pushed prices upward. As a result, the value of the battery market in most nations increased rapidly over the 2006-2011 period, and gains through 2016 are generally expected to be slowed by reduced pricing pressure within the battery industry.
Secondary batteries to outpace primary types
Demand for secondary battery types is expected to rise at a faster rate than sales of primary batteries. The popularity of portable electronics has grown rapidly, expanding the share of the market held by secondary battery suppliers. The use of grid storage systems to regulate electrical output of various generation systems, as well as world output of motor vehicles (especially electric and hybrid electric automobiles) is expected to increase quickly. Many products require lithium or nickel-metal hydride battery types; and it is expected that lithium-based secondary batteries will post the fastest gains of any type of battery.
Consumer uses to post fastest battery market gains
It is expected that battery sales to consumer markets will post the fastest gains through 2016. Rising incomes in developing nations will drive greater use of basic battery powered devices, while expanding use of portable, high-drain electronics will fuel demand from the consumer market worldwide. Sales of batteries for use in industrial and other applications will be driven by increasing levels of gross fixed investment, global manufacturing output, and efforts toward industrialization in developing nations. The automotive battery market suppliers will benefit from increased output of hybrid and electric vehicles, as well as from rising production and use of standard automobiles.
Profiles competitors such as Energizer, EnerSys, Exide Technologies, GS Yuasa, Hitachi, Johnson Controls, LG Chem, Panasonic, Procter & Gamble, and Sony
This study analyzes global supply of and demand for primary and secondary batteries. Primary batteries (nonrechargeable energy storage devices which must be discarded after discharge) include alkaline, zinc-carbon/zincchloride, lithium, and other (silver oxide, zinc-air, specialty, etc.) types. Markets for primary batteries include consumer, industrial, and other (including government) applications. Types of secondary (rechargeable or storage) batteries include lead-acid, lithium-based (lithium ion and lithium polymer), nickel-based (nickel cadmium and nickel-metal hydride), and other (including specialty) secondary cells. Secondary battery markets include automotive (both starting/lighting/ignition and hybrid and electric vehicle batteries), consumer, and industrial and other (including government) applications.
Historical data for 2001, 2006, and 2011 and forecasts for 2016 and 2021 are provided for demand, net exports, and shipments of primary and secondary batteries at the aggregate level on a country-by-country basis, valued in millions of current US dollars, including inflation. Data on primary and secondary battery demand by major market and by product type are also provided in millions of current US dollars. The term “demand” actually refers to “apparent consumption” and is defined as shipments (also referred to as “production,” “output,” or “supply”) from a nation’s indigenous battery manufacturing facilities plus imports minus exports. “Demand” is used interchangeably with the terms “market,” “sales,” and “consumption.” The terms “battery” and “cell” are used interchangeably as well, each referring to both single-cell (AA batteries, for instance) and multi-cell (such as 9-volt batteries) units.
The following acronyms are used throughout this report: EV (electric vehicle), HEV (hybrid electric vehicle), Li-Ion (lithium ion), Li-Pol (lithium polymer), Ni-Cad (nickel-cadmium), Ni-MH (nickel-metal hydride), and SLI (starting/lighting/ignition).
Data on world primary and secondary battery supply and demand are derived from differing sources and developed from statistical relationships. As a result, variations are commonplace in this type of international reporting, and, consequently, data presented in this study are historically consistent but may differ from other sources. Variances may occur because of definitional differences, undistributed exports, goods-in-transit, and inventory accumulation. To reduce the impact of such discrepancies, total world battery imports and exports have been assumed to balance in any given year.
In addition, major global manufacturers of primary and secondary battery products are identified and profiled, and the key competitive variables are discussed. The entire report is framed within the world battery industry’s economic, technological, and market environments, and therefore environmental variables affecting battery supply and demand (like personal income and motor vehicle supply/demand trends) are emphasized. World battery market share data by company presented in the “Industry Structure” section are estimated based on consultation with multiple sources. Tabular details may not always add to totals due to rounding.