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Type: PDF
Status: Syndicate
Categories: Semi Conductor & Electronics
Report Code : SE23
No. of Pages : 150
A rechargeable battery is a kind of electrical battery which can be charged, discharged into a load, and recharged multiple times, averse to a disposable or primary battery, which is supplied fully charged and discarded after use. It constitutes one or more electrochemical cells. Rechargeable batteries are produced in various different shapes and sizes, ranging from button cells to megawatt systems connected to stabilize an electrical distribution network.
The global wireless rechargeable battery market in 2023 was approximately USD 29 Billion. The market is expected to grow at a CAGR of 14.5% and is anticipated to reach around USD 45.0 Billion by 2030. The rising popularity of consumer electronics on a global scale is anticipated to result in the utilization of the lithium-ion battery as a product type over the forecast period. Huge demand for portable electronics, including LCD displays, tablets, smartphones, and wearable devices such as fitness bands, is fueling the wireless rechargeable battery market growth.
The market is projected to observe the major growth on account of technological advancements in terms of enhanced efficiency, cost-effectiveness and product innovation. However, the high cost involved in designing and development of rechargeable batteries might impede market growth.
The market for rechargeable battery is intensely competitive and is highly fragmented. The vendors in the rechargeable battery market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
The major players in the rechargeable battery market are Battery Technology Inc., Beckett Energy Systems, BYD Company Limited, Duracell Inc., EaglePicher Technologies LLC, Exide Technologies, Energizer, GP Batteries, Duracell, Maxell, Lenmar, Johnson Controls, Promaster, DigiPower, PowerGenix, East Penn Manufacturing, Delphi, Sonluk, Camelion and Others.
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