Batteries Category Intelligence
Report Coverage
- Global Market Outlook
- Pricing Trends
- Cost and Pricing Analysis
- Procurement Best Practices
Batteries Market Overview
Batteries Market Trends
Category Intelligence on Batteries covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
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Industry Outlook & Drivers
Batteries Global Market Outlook:
Market Growth: Global market size: $38.6 billion (2020) Expected to grow at a CAGR of 6-6.5 percent to $49.6 billion by 2023
Major Market Drivers: Increasing adoption of Li-Ion batteries in Consumer Electronics due to its high energy and power density thus ensuring smooth running of devices for long hours
Porter's Analysis on Batteries
Supplier Power
- The industry is moderately fragmented with the bigger players like LG Chem, Panasonic, Samsung SDI commanding a major chunk of the market. However, there is a presence of local suppliers as well
- The overall supplier power is moderate and with the adverse impact of the Covid-19 situation leading to supply shortages, it is expected to remain that way in the foreseeable future
Barriers to New Entrants
- It is imperative for manufacturers to have a highly skilled R&D team and R&D investments
- Consequently it is difficult for new manufacturing firms to enter the market due to the presence of well established manufacturers already entrenched in the market and the high costs of R&D investments and patent technologies involved
Intensity of Rivalry
- Top global and regional manufacturers have similar product portfolios leading to enhanced competition. Increasing demand of Li-Ion Batteries coupled with declining prices has also led to increase in competition within the industry
Threat of Substitutes
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Threat of substitutes will be quite high with researchers trying to analyse and come up with various alternatives like Sodium-ion, Nickel- zinc, Proton, Aluminium-ion, Graphite dual-ion batteries, etc as they seek to produce batteries which can be cheaper, easy to produce and also hold as much energy as Li-ion batteries
Buyer Power
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For customized batteries, buyers provide their requirements to the suppliers in terms of energy density, size etc. Hence, buyers enjoy considerably greater bargaining power
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With the adverse effects of the Covid-19 situation, the bargaining power of buyers is expected to increase with manufacturers struggling to meet capacity demands
