Mining Machinery Battery Market Share

Market Share of Mining Machinery Battery Industry

The mining machinery battery market is moderately consolidated, with players, such as LG Chem, BYD, and Panasonic, dominating the market.

Key players are focusing on technological developments that include the improvements in size reduction of batteries and increased size density. For instance,

• In February 2020, AESC announced the merger of its subsidiaries Envision AESC Japan Limited and Envision AESC Energy Devices Limited to make Japan a prominent manufacturer of lithium-ion batteries for vehicles.

Mining Machinery Battery Market Leaders

1. LG Chem Limited

2. Automotive Energy Supply Corporation

3. Samsung SDI Co. Limited

4. Contemporary Amperex Technology Co. Limited

5. Toshiba Corporation

*Disclaimer: Major Players sorted in no particular order