2019 Fuel Cell and Battery Research Review

Dec 2019| FCB049A| BCC Publishing

Report Highlights

  • The global market for residential energy storage systems (RESSs) should grow from $3.0 billion in 2018 to $11.2 billion by 2023 at a compound annual growth rate (CAGR) of 30.0% for the period of 2018-2023.
  • The global market for lithium batteries should grow from $22.7 billion in 2018 to $47.4 billion by 2023 at a CAGR of 15.8% for the period of 2018-2023.
  • The global market for batteries used in portable battery-powered products should grow from $1.0 trillion in 2019 to $1.5 trillion by 2024 at a CAGR of 7.6% for the period of 2019-2024.


As everything is becoming energy efficient and all industries are on the verge of using renewable energy for creating a sustainable future, fuel cells and efficient batteries have gained healthy demand in the global market. Automotive is one of the major sectors, where energy efficient batteries are in strong demand due to surge in production of electric vehicles and charging stations.

In terms of geographical trends, more than 70% of the world’s automotive lithium-ion batteries are made in China, by both homegrown Chinese producers and foreign-investment companies. China has become the main market for advanced battery and fuel cell material suppliers from all around the world, including Japan, South Korea, the U.S., and Germany. Other Asia-Pacific countries are second, with most advanced fuel cell materials consumed in Japan and South Korea. This region is also dominated by advanced material suppliers and consumers.

As per the competitive landscape of vendors, contracts were the most adopted strategy by market players. Having a large customer base is of the highest priority in this market with high concentration of global and regional suppliers. Product launch and partnership were also the most critical strategies followed by many leading players, as continual improvement of products helps companies stay competitive in an extremely competitive market. Acquisitions, joint ventures and collaborations were also some of the most followed strategies in the market. For example, in April 2019, ABB signed a contract with Electrify America for providing its high-power electric vehicle chargers across the United States. These chargers can charge the vehicle in 15 minutes and would be deployed around 17 metropolitan areas.

This fuel cell and battery research review provides a sampling of the type of quantitative market information, analysis and guidance that has been aiding business decision making since BCC Research was founded in 1971. It includes excerpts from the following reports:

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BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others.

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Table of Contents & Pricing

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
. Title/Chapter NamePagesPrice Member Price
Full Report: 2019 Fuel Cell and Battery Research Review228 $2,500 Free
Chapter- 1: Foreword1Free
Chapter- 2: Residential Energy Storage, Blockchain and Energy Sharing Systems: Technologies and Global Market (FCB043A)73$800Free
Chapter- 3: Lithium Batteries: Markets and Materials (FCB028H)63$691Free
Chapter- 4: Portable Battery-Powered Products: Global Markets (FCB023F)28$307Free
Chapter- 5: Batteries, Charging and Exchange Systems for Materials Handling Equipment (FCB046A)22$241Free
Chapter- 6: Advanced Materials in Electric, Fuel Cell and Hybrid Automotive Batteries (FCB047A)20$219Free
Chapter- 7: Electric Vehicle Charging: Infrastructure and Global Markets (FCB045A)21$230Free
2019 Fuel Cell and Battery Research Review

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