Taiwan Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Primary and Secondary Battery), Technology (Lead-acid Battery, Lithium-ion Battery, and Other Technologies), and Application (Automotive Batteries (HEV, PHEV, EV), Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.), Portable Batteries (Consumer Electronics, etc.), SLI Batteries, and Others)

Market Snapshot

Taiwan Battery-Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >8 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The battery market in Taiwan is expected to grow at a CAGR of more than 8% in the forecast period of 2020-2025. The increasing demand from the EVs, consumer electronics, and telecommunication industries are expected to the battery market in the country. Moreover, the growing renewable energy market in Taiwan is increasing the battery's need for energy storage considerably. However, the outbreak of the COVID-19 significantly affected the market studied creating a demand-supply mismatch of raw materials, which, in turn, is expected to hinder the market growth.

  • Lithium-ion batteries, due to its decreasing prices and advantages over other types of batteries, are expected to grow at a significant rate during the forecast period.
  • The growing telecom industry and the increasing adoption of electric vehicles are expected to create significant market opportunities for the Taiwan battery market in the near future.
  • The increasing demand from the automotive sector is expected to drive the market during the forecast period.

Scope of the Report

The Taiwan battery market report includes:

Type
Primary
Secondary
Technology
Li-Ion Battery
Lead Acid Battery
Others Technologies
Application
SLI Batteries
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
Portable Batteries (Consumer Electronics etc.)
Automotive Batteries (HEV, PHEV, EV)
Others

Report scope can be customized per your requirements. Click here.

Key Market Trends

Lithium-ion Batteries to Witness Significant Growth

  • The penetration of lithium-ion batteries is growing in the industrial sector, on account of expansion in industrial infrastructure, increasing economic viability of energy storage deployment, and increasing need to reduce grid dependency for power supply.
  • Due to the increasing sales of consumer electronics, including mobile phones, laptops, tablets, power banks, and wearable devices, the demand for lithium-ion batteries is expected to grow significantly during the forecast period.
  • The adoption of Li-ion batteries in electric vehicles, energy storage systems, and portable devices is expected to rise at a fast pace owing to their low maintenance properties and higher energy densities.
  • In 2019, Taiwan reported 4150 MW of installed solar capacity. With growing renewable energy, especially solar and wind, the demand for lithium-ion batteries as an energy storage solution is increasing as they offer high-energy density solutions and are lightweight.
  • Moreover, with the decreasing prices of lithium-ion batteries and increasing application in various segments, the share of Lithium-ion batteries is expected to grow considerably.
Taiwan Battery Market-Installed Solar Capacity

Increasing Demand Automotive Sector to Drive the Market

  • The automotive application segment is leading the market on account of increasing demand from EVs, plug-in hybrid vehicles, and HEVs. Starting, lighting, and ignition (SLI) batteries in the automotive sector have contributed to high battery demand.
  • Moreover, the automotive sector is expected to be one of the major end-user segments for lithium-ion batteries in the future. The penetration of electric vehicles is anticipated to provide a massive impetus for the lithium-ion battery industry growth.
  • A range of different vehicle types is now available globally, featuring increasing degrees of hybridization and electrification. There are various types of vehicles, including hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles, and electric vehicles (EVs).
  • Electric vehicles are expected to witness significant growth. In 2020, Tesla won a contract with the Taiwanese military police to provide them with a fleet of Model 3 electric vehicles. Moreover, the number of passenger cars in July 2020 reached 6946 thousand units, resulting in high demand for batteries.
  • The number of vehicles is increasing in Taiwan and driving the market. Additionally, falling lithium-ion battery prices and improving technology are expected to bring price-competitive electric cars to the market, leading to considerable growth in batteries demand in the automotive industry.
Taiwan Battery Market-Passenger Car Count

Competitive Landscape

The Taiwan battery market is fragmented. Some of the major companies include Amita Technologies Inc., CSB Battery Technologies Inc, Tesla Inc, Kung Long Batteries Industrial Co Ltd, and Panasonic Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Primary

      2. 5.1.2 Secondary

    2. 5.2 Technology

      1. 5.2.1 Li-Ion Battery

      2. 5.2.2 Lead Acid Battery

      3. 5.2.3 Others Technologies

    3. 5.3 Application

      1. 5.3.1 SLI Batteries

      2. 5.3.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)

      3. 5.3.3 Portable Batteries (Consumer Electronics etc.)

      4. 5.3.4 Automotive Batteries (HEV, PHEV, EV)

      5. 5.3.5 Others

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Amita Technologies Inc

      2. 6.3.2 Duracell Inc.

      3. 6.3.3 CSB Battery Technologies Inc

      4. 6.3.4 Kung Long Batteries Industrial Co Ltd

      5. 6.3.5 Panasonic Corporation

      6. 6.3.6 Tesla Inc.

      7. 6.3.7 SYNergy ScienTech Corp

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Taiwan Battery Market market is studied from 2016 - 2026.

The Taiwan Battery Market is growing at a CAGR of >8% over the next 5 years.

Amita Technologies Inc, CSB Battery Technologies Inc , Kung Long Batteries Industrial Co Ltd , Panasonic Corporation , Tesla Inc are the major companies operating in Taiwan Battery Market .

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!