Australia Batteries Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Australia Battery Market Size & Share and It is Segmented by Technology (Li-Ion Battery, Lead-Acid Battery, and Others), and Application (SLI Batteries, Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), Etc. )), Portable Batteries (Consumer Electronics, Etc. ), Automotive Batteries (HEV, PHEV, EV), and Others). The Report Offers the Market Sizes and Forecasts in Terms of Revenue (USD) for all the Above Segments.

Australia Batteries Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Australia Battery Market Size

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Australia Battery Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 1.29 Billion
Market Size (2029) USD 1.94 Billion
CAGR (2024 - 2029) 8.41 %
Market Concentration Low

Major Players

Australia Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Australia Battery Market with other markets in Energy & Power Industry

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Power

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Emerging Energy Technologies

Energy Storage Technology

Australia Battery Market Analysis

The Australia Battery Market size is estimated at USD 1.29 billion in 2024, and is expected to reach USD 1.94 billion by 2029, growing at a CAGR of 8.41% during the forecast period (2024-2029).

  • Over the medium term, factors such as increasing demand from consumer electronics, electric vehicle applications, and supportive government policies are expected to increase the demand for energy storage systems, eventually driving the Australia battery market during the forecast period.
  • On the other hand, the need for more activities and development in various stages (except for mining) of the battery production supply chain, is expected to restrain the market potential during the forecast period.
  • Nevertheless, new advancements in battery technologies are expected to create immense opportunities for the Australian battery market during the forecast period.

Australia Battery Industry Overview

The Australian battery market is fragmented. Some of the major players include Century Yuasa Batteries Pty Ltd, Enersys Australia Pty Ltd., Robert Bosch (Australia) Pty Ltd., Exide Technologies, and Sonnen Australia Pty Limited.

Australia Battery Market Leaders

  1. Century Yuasa Batteries Pty Ltd

  2. Enersys Australia Pty Ltd

  3. Robert Bosch (Australia) Pty Ltd

  4. Exide Technologies

  5. Sonnen Australia Pty Limited

  6. *Disclaimer: Major Players sorted in no particular order
Australia Battery Market Concentration
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Australia Battery Market News

  • June 2023: Engie, Eku Energy, and Fluence commissioned the Hazelwood big battery, Australia's first large-scale battery project, at the former coal site of a power station in the state of Victoria. The 150 MW battery claims several Australian firsts in its design and operation.
  • January 2023: The United States-Australian company Recharge Industries planned to build a large battery cell factory in Australia and appointed Accenture as an engineering services provider to take the project forward. When fully operational, the lithium-ion battery cell factory is expected to offer an annual capacity of up to 30 GWh.

Australia Battery Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.1.1 Increasing Demand from EV Sector
    • 4.5.1.2 Supportive Government Policies
    • 4.5.2 Restraints
    • 4.5.2.1 Lack of Development in Battery Production Supply Chain
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Technology
    • 5.1.1 Li-Ion Battery
    • 5.1.2 Lead-acid Battery
    • 5.1.3 Other Technologies
  • 5.2 Application
    • 5.2.1 SLI Batteries
    • 5.2.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.))
    • 5.2.3 Portable Batteries (Consumer Electronics, etc.)
    • 5.2.4 Automotive Batteries (HEV, PHEV, EV)
    • 5.2.5 Other Applications

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Century Yuasa Batteries Pty Ltd.
    • 6.3.2 Enersys Australia Pty Ltd.
    • 6.3.3 Robert Bosch (Australia) Pty Ltd.
    • 6.3.4 Exide Technologies
    • 6.3.5 VARTA AG
    • 6.3.6 Sonnen Australia Pty Limited
    • 6.3.7 Soluna Australia Pty Ltd.
    • 6.3.8 Battery Energy Power Solutions Pty
    • 6.3.9 R & J Batteries Pty Ltd.
    • 6.3.10 PMB Defence
    • 6.3.11 East Penn Manufacturing Company
    • 6.3.12 Energy Renaissance Pty Ltd.
    • 6.3.13 Crystal Solar Energy
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 New Advancements in Battery Technologies
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Australia Battery Industry Segmentation

A battery is a source of electric power consisting of one or more electrochemical cells with external connections for powering electrical devices. It mainly provides backup power during a power outage.

The Australian battery market is segmented by technology and application. By technology, the market is segmented into lithium-ion batteries, lead-acid batteries, and other types. By application, the market is segmented into SLI Batteries, Industrial Batteries, Portable Batteries, Automotive Batteries, and Others. The report offers market sizing and forecasts for each segment based on revenue (in USD).

Technology Li-Ion Battery
Lead-acid Battery
Other 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)
Other Applications
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Australia Battery Market Research FAQs

How big is the Australia Battery Market?

The Australia Battery Market size is expected to reach USD 1.29 billion in 2024 and grow at a CAGR of 8.41% to reach USD 1.94 billion by 2029.

What is the current Australia Battery Market size?

In 2024, the Australia Battery Market size is expected to reach USD 1.29 billion.

Who are the key players in Australia Battery Market?

Century Yuasa Batteries Pty Ltd, Enersys Australia Pty Ltd, Robert Bosch (Australia) Pty Ltd, Exide Technologies and Sonnen Australia Pty Limited are the major companies operating in the Australia Battery Market.

What are the key factors driving the growth of the Australia Battery Market?

The key factors driving the growth of the Australia Battery Market are a) Increasing demand for portable electronic devices b) Widespread adoption of electric vehicles (EVs) c) Proliferation of smartphones, laptops, and renewable energy storage solutions d) Increasing focus on sustainability and clean energy

Battery in Australia Industry Report

The Australia battery market is experiencing significant growth, driven by the increasing demand for energy storage solutions across various sectors. The market is segmented into primary and secondary batteries, with secondary batteries, such as lithium-ion and nickel metal hydride, gaining prominence due to their rechargeable nature and widespread applications in consumer electronics, electric vehicles, and renewable energy systems. Australia's rich mineral reserves, particularly lithium, nickel, and cobalt, play a crucial role in supporting the production of modern batteries. The mining industry, through strategic collaborations and agreements, is enhancing the extraction and processing of these essential materials, further propelling the market. Additionally, the introduction of innovative technologies like Nuclear Diamond Batteries (NDBs) is expected to open new avenues in the market, offering compact, cost-efficient, and scalable energy solutions. Australian battery companies and Australian battery manufacturers are at the forefront of this growth, leveraging the country's mineral wealth and technological advancements to meet the rising demand for efficient energy storage solutions. Statistics for the Australia battery market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports, provide a comprehensive market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.