Industry: Energy & Power | Publish Date: 03-Dec-2024 | No of Pages: 77 | No. of Tables: 55 | No. of Figures: 27 | Format: PDF | Report Code : EP710
Japan Battery Market was valued at USD 2.90 billion in 2022, and is predicted to reach USD 8.02 billion by 2030, with a CAGR of 13.5% from 2023 to 2030. A battery operates as a mechanism that stores energy and later releases it by transforming chemical energy into electrical energy. Typically, batteries produce electricity by harnessing one or more electrochemical cells.
Batteries can be categorized into two distinct types: primary batteries and secondary batteries. Primary batteries, also known as non-rechargeable batteries, offer a straightforward and convenient energy supply for various portable electronic and electrical devices, including cameras, watches, toys, lights, radios, and more. In contrast, secondary batteries, often referred to as rechargeable batteries, possess the capability to be recharged electrically once they've been depleted. These energy storage solutions have evolved into indispensable sources of power in our daily routines.
The progress of cutting-edge technologies, encompassing smartphones, tablets, laptops, solar energy systems, and electric vehicles (EVs), has ushered in the era of robust batteries capable of prolonged endurance and providing essential energy requirements.
Japan holds a large share of battery market owing to high sales of EVs in the country. According to the Japan Automobile Dealers Association (JADA), 3,675,650 new cars were sold in 2021, out of which 40.5% were EVs, accounting for 1.4 million units . Thus, high sales of electric vehicles are increasing the demand for lithium-ion batteries, which, in turn, is driving the battery market.
The government of Japan is investing heavily in e-mobility sector of the country that further boosts the demand of batteries. For instance, in November 2021, Japan allocated a budget of USD 34 million for subsidizing battery-electric, plug-in hybrid, and vehicles with fuel cell drive systems along with establishment of new charging stations across the country. Such initiatives are expected to boost the adoption of EVS in the country and drive the battery market.
The improper management of batteries poses significant risks to both human well-being and the environment. A prevailing issue involves the incorrect disposal of used or depleted batteries, leading to their accumulation in landfills. Over time, these batteries degrade, releasing harmful substances that permeate the soil. This pollution detrimentally affects both surface water and groundwater, resulting in an ecological imbalance that jeopardizes aquatic flora and fauna. Elements like mercury, cadmium, lithium, and lead, present in these batteries, contribute to this disruption. Consequently, these concerns are anticipated to impede the progression of the battery market.
The growing adoption of Nuclear Diamond Batteries (NDBs) across various sectors including automotive, aerospace, and electronics is positioned to create fresh avenues in Japan's battery market. NDBs represent a groundbreaking leap in energy generation and storage, fundamentally reshaping conventional battery concepts. These batteries showcase remarkable endurance by harnessing the energy derived from the radioactive decay of nuclear waste. The trajectory of Japan's battery market is being shaped by the compelling attributes of NDBs, which encompass their compact form, adaptability, cost-efficiency, and scalability across a wide array of applications, ranging from compact chipsets to expansive industrial setups. Functioning as advanced diamond-based alpha, beta, and neutron voltaic batteries, NDBs offer a consistent source of clean energy for a diverse spectrum of applications, surpassing the performance of traditional chemical batteries.
The Japan battery industry includes several market players such as LG Chem Ltd., CATL, Samsung SDI Co. Ltd., BYD, SKI, ENVISION AESC GROUP LTD., Gotion High tech Co Ltd, Primearth EV Energy Co., Ltd., China Aviation Lithium Battery Co., Ltd., Panasonic Corporation.
The Japan battery market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
The competitive analysis of the market players along with their market share in the Japan battery market.
The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
Value chain analysis in the market study provides a clear picture of the stakeholders roles.
Lead Acid
Stationary
Motive
Lithium Ion
Lithium Nickel Manganese Cobalt (LI-NMC)
Lithium Iron Phosphate (LFP)
Lithium Cobalt Oxide (LCO)
Lithium Titanate Oxide (LTO)
Lithium Manganese Oxide (LMO)
Lithium Nickel Cobalt Aluminum Oxide (NCA)
Nickel Metal Hydride
Nickel Cadmium
Others
Residential
Industrial
Manufacturing & Construction
Automotive
Medical
Telecom & IT
Consumer Electronics
Power & Utility
Aerospace
Marine
Others
Commercial
Fuel Cell batteries
Proton-Exchange Membrane Fuel Cells
Alkaline Fuel Cells
Phosphoric Acid Fuel Cells
Solid Oxide Fuel Cells
Molten Carbonate Fuel Cells
Air Cells
Flywheel Energy Storage
Nuclear Batteries
LG Chem Ltd.
CATL
Samsung SDI Co. Ltd.
BYD
SKI
ENVISION AESC GROUP LTD.
Gotion High tech Co Ltd
Primearth EV Energy Co., Ltd.
China Aviation Lithium Battery Co., Ltd.
Panasonic Corporation
REPORT SCOPE AND SEGMENTATION:
Parameters |
Details |
Market Size in 2022 |
USD 2.90 billion |
Revenue Forecast in 2030 |
USD 8.02 billion |
Growth Rate |
CAGR of 13.5% from 2023 to 2030 |
Analysis Period |
2022–2030 |
Base Year Considered |
2022 |
Forecast Period |
2023–2030 |
Market Size Estimation |
Billion (USD) |
Growth Factors |
The growing government incentives The adoption of hybrid vehicles |
Companies Profiled |
10 |
Market Share |
Available for 10 companies |
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |