The Australia Battery Market Report Forecast 2021 – 2025 offers a clear understanding of the subject matter. The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market dynamics, historical events, and the current market landscape. Additionally, the report also includes a SWOT analysis that concludes the strengths, weaknesses, opportunities, and threats impacting the segments of the overall market. The report also takes into account the impact of the COVID-19 and also forecasts its recovery post-COVID-19.
The Australia battery market is expected to grow at a CAGR of more than 12% during 2020 – 2025.
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Top Key Players in the Australia Battery Market: Century Yuasa Batteries Pty Ltd, EnerSys, Robert Bosch (Australia) Pty Ltd, Exide Australia Pty Ltd, and VARTA AG.
Key Market Trends
Lithium-ion Battery Technology to Dominate the Market
– The lithium-ion batteries were initially developed to serve the consumer electronics sector as these batteries last for a large number of charging cycles, have a high capacity-to-weight ratio, and high energy density, which makes them ideal for consumer electronics applications.
– The rise in urbanization and consumer spending across the country are expected to drive the demand for technically advanced devices, in turn, leading to a rise in demand for lithium-ion batteries.
– Australia being the worlds largest producer of lithium, and with mineral reserves that cover almost 90% of the elements that are required in Lithium-ion battery production, Australia provides an enormous opportunity for players engaged in the entire value chain of Li-ion battery production.
– The lithium-ion battery is gaining more popularity compared to other battery types, majorly due to its favorable capacity-to-weight ratio. Other factors that contribute to boosting its adoption include better performance, higher energy density, and decreasing price.
– The emergence of new and exciting markets, such as electric vehicle and energy storage systems (ESS), for both commercial and residential applications, has been boosting the demand for lithium-ion battery in the country.
Market Size Estimation:
The Total Addressable Market (TAM) for estimating the market size two approaches are used: Bottom-up and Top-down approach. In the Bottom-up approach, the consumption of in the various segments is taken into account. The regional, segment-wise, and end-user uptake/consumption is taken into account for this approach. This is then totaled to arrive at the TAM for this approach. In the Top-down approach, the company-wise production in terms of both value and volume is taken into account and totaled for arriving at the TAM. This data is then bifurcated based on the consumption in the various market segments.
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This Australia Battery Market report addresses:
– The Market size from 2015-2020
– Expected market growth until 2025
– Forecast of how market drivers, restraints, and future opportunities will affect
– Segment and regions that will drive or lead market growth and why
– Comprehensive mapping of the competitive landscape
– In-depth analysis of key sustainability strategies adopted by market place
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– The market estimate (ME) sheet in Excel format
– 3 months of analyst support
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Covid-19 Impact Analysis:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain have been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check with the sales team.
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