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Global Battery Plate Market to reach USD 7.12 billion by the end of 2030

Global Battery Plate Market Size study & Forecast, by Battery Type (Lithium Ion Battery, Lead Acid Battery, Others), by End User (Automotive, Aerospace & Defense, Others) and Regional Analysis, 2023-2030

Product Code: EESC-70877537
Publish Date: 10-03-2024
Page: 200

Global Battery Plate Market is valued at approximately USD 2.08 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.63% during the forecast period 2023-2030. Battery plates are critical components within lead-acid batteries, which are widely used for energy storage in various applications, including automotive, industrial, and renewable energy systems. These plates are immersed in an electrolyte solution of sulfuric acid, and together, they facilitate the electrochemical reactions necessary for energy storage and release. The Battery Plate Market is expanding because of factors such as the rising adoption of electric vehicles, increasing demand for energy storage solutions, and growth in the telecommunications and electronics sector.

The surge in electric vehicle demand is driving a global upswing in battery cell production. The appetite for batteries is experiencing a remarkable 30% year-on-year growth and has the potential to soar to 30,000 GWh by 2030, as per NITI Aayog (National Institution for Transforming India). Original Equipment Manufacturers (OEMs) are progressively revealing the cessation dates for their Internal Combustion Engine (ICE) vehicles, signalling a commitment to substantial increases in Electric Vehicle (EV) sales. This shift is poised to impact 50% of global vehicle sales, aligning with OEM objectives to phase out ICEs by 2050. As EV demand skyrockets, the manufacturing of battery components must escalate accordingly, prompting new battery cell manufacturers to plan gigafactories. This presents significant opportunities for battery component manufacturers to secure fresh supply contracts. With a growing emphasis on reducing fuel consumption, this market is experiencing substantial growth, with projections indicating a robust trajectory in the forecast period. In addition, rising investment in battery cell production to reduce fuel consumption and the rising proliferation of consumer electronics are some factors creating new opportunities for market growth. However, raw material price volatility and stringent environmental regulations related to lead-acid batteries stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Battery Plate Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022. The market in the region is being driven by factors such as automobile manufacturing, lithium-ion battery production, massive consumer demand in China, India, and Japan, rising Urbanization and Infrastructure Development, Increasing awareness of environmental issues and a shift toward cleaner and sustainable energy solutions in the region. Europe is expected to grow at the fastest rate over the forecast period, owing to factors such as increasing emphasis on renewable energy sources and the rising adoption of electric vehicles across the region have stimulated the demand for energy storage solutions, thereby propelling the Battery Plate Market.

Major market player included in this report are:
Exide Technologies
Toshiba Corporation
G.S. Yuasa Corporation
Amara Raja Batteries Limited
Kijo Battery Group
Microvast Holding Inc.
Crown Battery
CSB Energy Technology Co. Ltd.
Fiamm Energy Storage Solutions SpA

Recent Developments in the Market:
Ø In September 2023, Exide Technologies made a significant investment exceeding USD 11.2 million in its subsidiary, Exide Energy Solutions Ltd. This subsidiary specializes in the manufacturing of advanced chemical battery cells, producing a range of innovative battery types. These include but are not limited to shapeless, tube, or prismatic battery cells. The company’s operations encompass the complete process of production, assembly, and sales, along with various associated activities.
Ø In April 2023, EnerSys disclosed its acquisition of Industrial Battery and Charger Services Limited (IBCS), a prominent battery service and maintenance provider headquartered in the U.K. This strategic move is indicative of EnerSys’s intent to broaden its business footprint in the U.K. The acquisition positions EnerSys to offer an extensive array of battery technology, maintenance solutions, and services within the U.K. Market.
Global Battery Plate Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Battery Type, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Battery Type:
Lithium Ion Battery
Lead Acid Battery

By End User:
Aerospace & Defense

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Battery Plate Market, by Region, 2020-2030 (USD Billion)
1.2.2. Battery Plate Market, by Battery Type, 2020-2030 (USD Billion)
1.2.3. Battery Plate Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Battery Plate Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Battery Plate Market Dynamics
3.1. Battery Plate Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising adoption of electric vehicles Increasing demand for energy storage solution Growth in the telecommunications and electronics sector
3.1.2. Market Challenges High Cost of Battery Plate
3.1.3. Market Opportunities Rising investment in battery cell production to reduce fuel consumption Rising proliferation of consumer electronics
Chapter 4. Global Battery Plate Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Battery Plate Market, by Battery Type
5.1. Market Snapshot
5.2. Global Battery Plate Market by Battery Type, Performance – Potential Analysis
5.3. Global Battery Plate Market Estimates & Forecasts by Battery Type 2020-2030 (USD Billion)
5.4. Battery Plate Market, Sub Segment Analysis
5.4.1. Lithium Ion Battery
5.4.2. Lead Acid Battery
5.4.3. Others
Chapter 6. Global Battery Plate Market, by End User
6.1. Market Snapshot
6.2. Global Battery Plate Market by End User, Performance – Potential Analysis
6.3. Global Battery Plate Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
6.4. Battery Plate Market, Sub Segment Analysis
6.4.1. Automotive
6.4.2. Aerospace & Defense
6.4.3. Others
Chapter 7. Global Battery Plate Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Battery Plate Market, Regional Market Snapshot
7.4. North America Battery Plate Market
7.4.1. U.S. Battery Plate Market Battery Type breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Battery Plate Market
7.5. Europe Battery Plate Market Snapshot
7.5.1. U.K. Battery Plate Market
7.5.2. Germany Battery Plate Market
7.5.3. France Battery Plate Market
7.5.4. Spain Battery Plate Market
7.5.5. Italy Battery Plate Market
7.5.6. Rest of Europe Battery Plate Market
7.6. Asia-Pacific Battery Plate Market Snapshot
7.6.1. China Battery Plate Market
7.6.2. India Battery Plate Market
7.6.3. Japan Battery Plate Market
7.6.4. Australia Battery Plate Market
7.6.5. South Korea Battery Plate Market
7.6.6. Rest of Asia Pacific Battery Plate Market
7.7. Latin America Battery Plate Market Snapshot
7.7.1. Brazil Battery Plate Market
7.7.2. Mexico Battery Plate Market
7.8. Middle East & Africa Battery Plate Market
7.8.1. Saudi Arabia Battery Plate Market
7.8.2. South Africa Battery Plate Market
7.8.3. Rest of Middle East & Africa Battery Plate Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Enersys Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Exide Technologies
8.3.3. Toshiba Corporation
8.3.4. G.S. Yuasa Corporation
8.3.5. Amara Raja Batteries Limited
8.3.6. Kijo Battery Group
8.3.7. Microvast Holding Inc.
8.3.8. Crown Battery
8.3.9. CSB Energy Technology Co. Ltd.
8.3.10. Fiamm Energy Storage Solutions SpA
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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