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

PUBLISHED: March 10, 2024

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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:

Enersys
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:

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.
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:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Battery Type, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
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
Others

By End User:

Automotive
Aerospace & Defense
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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
  - 3.1.1.1.Rising adoption of electric vehicles
  - 3.1.1.2.Increasing demand for energy storage solution
  - 3.1.1.3.Growth in the telecommunications and electronics sector
- 3.1.2.Market Challenges
  - 3.1.2.1.High Cost of Battery Plate
- 3.1.3.Market Opportunities
  - 3.1.3.1.Rising investment in battery cell production to reduce fuel consumption
  - 3.1.3.2.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
  - 7.4.1.1.Battery Type breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2.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
  - 8.3.1.1.Key Information
  - 8.3.1.2.Overview
  - 8.3.1.3.Financial (Subject to Data Availability)
  - 8.3.1.4.Product Summary
  - 8.3.1.5.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

LIST OF TABLES

TABLE 1.Global Battery Plate Market, report scope
TABLE 2.Global Battery Plate Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3.Global Battery Plate Market estimates & forecasts by Battery Type 2020-2030 (USD Billion)
TABLE 4.Global Battery Plate Market estimates & forecasts by End User 2020-2030 (USD Billion)
TABLE 5.Global Battery Plate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6.Global Battery Plate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7.Global Battery Plate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8.Global Battery Plate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9.Global Battery Plate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10.Global Battery Plate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11.Global Battery Plate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12.Global Battery Plate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13.Global Battery Plate Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14.Global Battery Plate Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15.U.S. Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16.U.S. Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17.U.S. Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18.Canada Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19.Canada Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20.Canada Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21.UK Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22.UK Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23.UK Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24.Germany Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25.Germany Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26.Germany Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27.France Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28.France Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29.France Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30.Italy Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31.Italy Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32.Italy Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33.Spain Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34.Spain Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35.Spain Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36.RoE Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37.RoE Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38.RoE Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39.China Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40.China Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41.China Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42.India Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43.India Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44.India Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45.Japan Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46.Japan Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47.Japan Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48.South Korea Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49.South Korea Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50.South Korea Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51.Australia Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52.Australia Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53.Australia Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54.RoAPAC Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55.RoAPAC Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56.RoAPAC Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57.Brazil Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58.Brazil Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59.Brazil Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60.Mexico Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61.Mexico Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62.Mexico Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63.RoLA Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64.RoLA Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65.RoLA Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66.Saudi Arabia Battery Plate Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67.South Africa Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68.RoMEA Battery Plate Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69.List of secondary sources, used in the study of global Battery Plate Market
TABLE 70.List of primary sources, used in the study of global Battery Plate Market
TABLE 71.Years considered for the study
TABLE 72.Exchange rates considered