published Date SEP 2018

Battery Electrolyte Market Segmentation - by Electrolyte Type, Battery Type, End Users, and Geography

Surging development of renewable power infrastructure, growing deployment of electric vehicles, and reduction in battery price are the major factors increasing the global battery electrolyte market

September, 2018: The batteries are witnessing widespread growth in the application, with the deployment of renewable energy systems and electric vehicles. The clean energy policies, across the world, foment the deployment of renewable energy infrastructure and electric vehicles. The cost of the renewable power generation is continuously declining. During 2010-2016, the renewable energy generation cost for onshore wind farms and solar photovoltaic (PV) electricity fell by 23% and 73%, respectively, thus, the growth in renewable power infrastructure is inevitable.

The battery technologies have witnessed technological advancements, especially among the lithium-ion battery category. The price of lithium-ion battery has declined by around 80% in the last eight years, which is propelling its adoption, thus, leading to increasing demand for raw materials used in batteries. Therefore, the demand for battery electrolyte is anticipated to grow in the coming years, worldwide.

Globally, the governments have formulated policies to promulgate clean energy technologies. Moreover, the technological advancements about clean energy have sufficed the deployment of clean energy systems. The deployment of electric vehicles has increased rapidly in recent years, with growing concerns regarding pollution caused by conventional vehicles. Currently, China is the largest market for electric vehicle, and has registered 30 times faster growth than the electric vehicle market in 2017, when compared to 2016. The greenhouse gases emission from fossil fuel vehicles are detrimental to the environment, which can be reduced by bringing electric vehicles to use.

Many regions around the world have begun expanding the energy storage infrastructure that involves battery storage systems, to support the renewable power growth. This expansion has resulted from multiple factors, such as decline in the price of battery technologies, reduction in the cost of renewable power, and growing concerns regarding the harmful effects of conventional power generation. Therefore, the market for battery electrolyte has huge growth prospect accentuated by policy level support and technological advancements.

The report “Battery Electrolyte Market Segmentation - by Electrolyte Type, Battery Type, End Users, and Geographyis now available and can be purchased directly at: (https://www.mordorintelligence.com/industry-reports/battery-electrolyte-market)

Key Insights from the Report:

  • Asia-Pacific is anticipated to account for the highest share in the market for battery electrolyte. The high rate of renewable power development and growing deployment of electric vehicles are the key factors contributing to the market growth in the region.
  • The battery electrolyte market is fragmented in nature, owing to the presence of large number of manufacturers. Key players in the market include Mitsubishi Chemicals Corporation, Johnson Controls, UBE Industries, GS Yuasa, LG Chem, Shenzhen Capchem Technology Co. Ltd, BASF SE, American Elements, Advanced Electrolyte Technologies LLC, 3M, and others.

The Battery Electrolyte Market segmentation, based on electrolyte type, battery type, and regional coverage:

Battery Electrolyte Market - by Electrolyte Type

  • Liquid Electrolyte
  • Solid Electrolyte
  • Gel Electrolyte

Battery Electrolyte Market - by Battery Type,

  • Lead-Acid
  • Lithium-Ion
  • Other Battery Types

Battery Electrolyte Market - by End Users,

  • Transportation
  • Energy Storage
  • Consumer Electronics
  • Other End Users

Battery Electrolyte Market - by Region

North America

  • United States
  • Canada
  • Rest of North America

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific

Middle East & Africa  

  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • South Africa
  • Rest of Middle East & Africa

South America           

  • Brazil
  • Argentina
  • Rest of South America

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