Global Battery Components Market is projected to reach USD 236.39 billion at a CAGR of 16.3%

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The Global Battery Components Market is projected to reach USD 236.39 billion by 2028 at a CAGR of 16.3% during the forecast period.

A battery is a device that stores electrical energy in the form of chemical energy and converts it into electricity.

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Key Developments:
• In July 2017, SII Semiconductor Corporation, a subsidiary of Seiko Instruments Incorporated, introduced S-8223A/B/C/D series integrated circuits for the protection of lithium-ion secondary batteries.
• In November 2017, Samsung Advanced Institute of Technology (SAIT) developed a battery material called graphene ball, which enables a 45% increase in capacity and charges 5 times faster than conventional lithium-ion batteries.
• In January 2018, Contemporary Amperex Technology Co Ltd (CATL) announced to invest USD 2 billion in Shenzhen, to build two battery plants, including a giant 24 GWh facility, which will boost its output.

Market Segmentation:

By Component Type:
• Anode
• Cathode
• Electrolyte
• Others

By Battery Type:
• Primary
o Alkaline
o Others
• Secondary
o Lithium-Ion
o Lead Acid
o Nickel Metal Hydride

Companies Covered: Enersys, BYD Co. Ltd., Lishen Battery, East Penn Manufacturing, Exide Industries, FIAMM, LG Chem Ltd., and Sanyo-Panasonic…

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