South and Central America Battery Market Size (2024 - 2029)

The South and Central American battery market is poised for growth, driven by factors such as the decreasing cost of lithium-ion batteries, the rising adoption of electric vehicles, and the expanding renewable energy sector. The market has rebounded to pre-pandemic levels after being adversely affected by COVID-19. The increasing demand from data centers, which are becoming crucial for cloud services, further propels the market. However, challenges like the demand-supply imbalance of raw materials could impede growth. Economic development and the expansion of commercial infrastructure in countries like Brazil and Argentina present significant opportunities, with Brazil expected to lead the region due to its growing consumer goods market and investment influx.

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Market Size of South and Central America Battery Industry

South and Central America Battery Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 4.00 %

Major Players

South and Central America Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

South and Central America Battery Market Analysis

The South and Central American battery market is expected to record a CAGR of over 4% during the forecast period.

The COVID-19 outbreak negatively impacted the market in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the long term, major factors driving the South and Central American battery market include declining lithium-ion battery prices, increasing adoption of electric vehicles, and the growing renewable energy sector. Increasing demand from data centers is also likely to drive the market as data centers are evolving digital infrastructures for cloud services. The next generation of cloud service may be adopted to incorporate a blockchain network.
  • On the other hand, the demand-supply mismatch of raw materials is likely to hinder the market's growth.
  • Increasing the growth in data centers and economic development in countries like Brazil and Argentina for commercial infrastructure are expected to create immense opportunities for the South and Central American battery market.
  • Brazil is expected to dominate the market in South and Central America due to the rising demand for consumer goods and increasing investments in the country.

South and Central America Battery Industry Segmentation

An electric battery is a source of electric power consisting of one or more electrochemical cells with external connections for powering electrical devices.

The South and Central American battery market is segmented by type, technology, applications, and geography. By type, the market is segmented by primary battery and secondary battery. By technology, the market is segmented by lead-acid battery, lithium-ion battery, and other technologies. By application the market is segmented by automotive, industrial batteries (motive, stationary (telecom, UPS, energy storage systems (ESS), etc.)), consumer electronics, and other applications. The report also covers the market size and forecasts for the market across the major countries. For each segment, the market size and forecasts have been in USD billion.

Type
Primary Battery
Secondary Battery
Technology
Lead-acid Battery
Lithium-ion Battery
Other Technologies
Application
Automotive
Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
Consumer Electronics
Other Applications
Geography
Brazil
Argentina
Colombia
Rest of South and Central America
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South and Central America Battery Market Size Summary

The South and Central American battery market is poised for growth, driven by several key factors such as the decreasing costs of lithium-ion batteries, the rising adoption of electric vehicles, and the expansion of the renewable energy sector. The market has rebounded to pre-pandemic levels after the setbacks caused by COVID-19. The increasing demand from data centers, which are becoming integral to digital infrastructures, is also expected to contribute to market expansion. However, challenges such as the mismatch in the supply and demand of raw materials could impede growth. Brazil is anticipated to lead the market due to its burgeoning consumer goods sector and significant investments, while Argentina is making strides with its first lithium battery plant, further supporting the market's development.

The battery market in South and Central America is moderately fragmented, with major players like Exide Industries, BYD Company, and Panasonic Corporation actively participating. Brazil's market is bolstered by its high demand for consumer electronics and electricity, which drives the need for standby power sources. Initiatives like the Rota 2030 program aim to enhance energy efficiency in transportation, supporting the electric vehicle market's growth. Additionally, advancements in lithium production and battery technology, such as those by AMG Mineração and CBMM, are expected to positively influence the market. The establishment of new manufacturing facilities, like BYD's planned plant in Brazil, further underscores the region's potential for battery market expansion.

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South and Central America Battery Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Primary Battery

      2. 2.1.2 Secondary Battery

    2. 2.2 Technology

      1. 2.2.1 Lead-acid Battery

      2. 2.2.2 Lithium-ion Battery

      3. 2.2.3 Other Technologies

    3. 2.3 Application

      1. 2.3.1 Automotive

      2. 2.3.2 Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)

      3. 2.3.3 Consumer Electronics

      4. 2.3.4 Other Applications

    4. 2.4 Geography

      1. 2.4.1 Brazil

      2. 2.4.2 Argentina

      3. 2.4.3 Colombia

      4. 2.4.4 Rest of South and Central America

South and Central America Battery Market Size FAQs

The South and Central America Battery Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Exide Industries Ltd , BYD Company Ltd. , FIAMM Energy Technology S.p.A., Panasonic Corporation and EnerSys are the major companies operating in the South and Central America Battery Market.

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