China Battery Market Overview, 2029

China is the most populated country in the world, home to more than 1.4 billion people. It is split up into two Special Administrative Regions (Hong Kong and Macau), four municipalities (Beijing, Shanghai, Tianjin, and Chongqing), five autonomous regions, and twenty-three provinces. The political, financial, and technological centers of these regions are big cities like Beijing and Shanghai, while the manufacturing-heavy provinces of Guangdong and Zhejiang are well-known. With the fastest-rising use of electric cars (EVs) due to government incentives, environmental concerns, and technology breakthroughs, China is the world's largest automobile market. With an increasing emphasis on electrifying public transportation, cities like Shenzhen and Guangzhou are leaders in the integration of electric vehicles. In terms of innovation and technology, China leads the world. The nation is a leader in fields including artificial intelligence, telecommunications, and consumer electronics. Its tech behemoths, such as Tencent, Alibaba, and Huawei, rule both local and global markets. According to the research report "China Batteries Market Overview, 2029," published by Bonafide Research, the China batteries market is anticipated to grow at more than 10.82% CAGR from 2024 to 2029. The market is expanding as a result of the depletion of natural resources, the rise in carbon emissions, and the on-going efforts made by the public and commercial sectors to cut emissions and minimize fuel use. Government carbon emission rules are anticipated to boost the country's industrial battery market shares by increasing the use of lithium-ion batteries. To lower operating costs and boost industrial battery output, manufacturers create better solutions, a range of equipment for particular needs, and enhanced technology and fuel economy. China is also a leading producer of battery raw materials like lithium and cobalt, further strengthening its position in the global supply chain. With major players such as CATL and BYD, China continues to invest heavily in battery technology advancements, including solid-state batteries, to maintain its leadership in the global market.

Primary (non-rechargeable) and secondary (rechargeable) batteries both play important roles in China's leading global battery business, while secondary batteries predominate. Lithium-ion secondary batteries dominate the market. The rapidly expanding fields of renewable energy storage systems, consumer electronics (such as laptops and smartphones), and electric vehicles (EVs) all depend on these rechargeable batteries. Secondary battery sales have increased as a result of China's vigorous drive toward green energy and electric vehicles, which is being encouraged by financial incentives and environmental regulations. Large Chinese corporations like BYD and CATL dominate the world in producing lithium-ion batteries and have made large expenditures in R&D to raise the cost, sustainability, and efficiency of batteries. Alkaline and zinc-carbon primary batteries are commonly utilized in low-drain gadgets including toys, flashlights, and remote controls. Due to the global trend toward more sustainable solutions, their market is stable but not expanding quickly, even if they are still in demand, particularly for export and in rural areas. A variety of battery types, including lead-acid, lithium-ion, and nickel-based batteries, are actively being sold in China. Lead-acid batteries are still commonly used, especially for starting, lighting, and ignition (SLI) systems in automobiles and as backup power in industrial environments. Newer technologies pose a threat to lead-acid batteries despite their established role in the market. Due to their better energy density and efficiency, lithium-ion batteries are becoming more and more popular. This is being driven by the need for EVs and renewable energy storage systems. One of the main drivers of this growth is China's sizable EV industry, which is bolstered by significant infrastructural investments and government incentives. Certain portable electronics and hybrid cars are among the uses for nickel-based batteries, which include nickel-metal hydride (NiMH) and nickel-cadmium (NiCd). Despite having a lower market share than lithium-ion batteries, they are nonetheless significant for some consumer and industrial applications. Overall, the demand for cleaner transportation and renewable energy is driving a significant change in China's battery market toward lithium-ion technology, while lead-acid and nickel-based batteries are still well-established in a number of industries. Batteries are essential to many industries and uses in China. Automotive use is significant; conventional vehicles are powered by lead-acid batteries, but electric vehicles (EVs) are rapidly expanding due to lithium-ion batteries, which are fuelled by increasing infrastructure for charging and strong government incentives. Batteries are necessary for integrating renewable energy sources like solar and wind into the grid and improving energy stability and reliability, making energy storage a crucial application. Lithium-ion batteries are the industry standard in consumer electronics, powering tablets, laptops, and smartphones, indicating the growing need for lightweight, effective energy solutions. Industrial applications include manufacturing operations and essential infrastructure backup power systems. In order to maintain continuous operation and support new technologies like 5G and IoT, telecommunications and smart cities also depend on better battery technologies. COVID-19 Impacts: The COVID-19 outbreak caused significant disruptions as well as opportunities in China's battery business. The pandemic first seriously disrupted the supply chain, which had an effect on the availability of both completed battery products and raw materials. Delays and shortages resulted from manufacturing shutdowns and limitations; these notably affected the supply of lithium-ion batteries used in consumer gadgets and electric vehicles (EVs). Production halts and decreased consumer demand caused slowdowns in the electronics and automotive industries. But other tendencies were also expedited by the outbreak. The growing use of digital communication and distant work has raised the need for batteries in consumer goods like laptops and smartphones. Considered in this report • Geography: China • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • China Batteries market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

By Type • Primary • Secondary By Technology • Lead acid • Lithium ion • Nickel metal hybrid • Nickel cadmium • Others By Application • Automotive Batteries • Industrial Batteries • Portable Batteries The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the battery manufacturers, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.