Top 12 Battery Companies in the World

The global battery market size reached US$ 127.3 Billion in 2023. The market is primarily driven by the surging sales of electronic devices across the globe. In addition, the rising utilization of medical devices, such as electrocardiograms, electrocardiographs, infusion pumps, glucose meters, and other testing kits, represents another major growth-inducing factor. Besides this, various governing agencies are promoting the use of electronic vehicles (EVs) to reduce fuel dependency and limit air pollution. They are also introducing EVs into public transportation to improve air quality and minimize vehicular carbon emissions. This, coupled with the increasing adoption of smartwatches and fitness bands to monitor daily activities and analyze heart rates, is positively influencing the market growth.

As per the analysis by IMARC Group, the top battery companies are launching advanced product variants that offer improved efficiency and minimize carbon emissions. They are also investing in facility expansion activities to increase their market share. For instance, in February 2022, Panasonic Corporation announced that its energy Company would develop a production facility in western Japan to manufacture large cylindrical 46 mm wide and 80 mm tall lithium-ion batteries for electric vehicles (EVs). Moreover, several leading players are introducing advanced product variants such as thin film battery, gel battery, and genset battery and engaging in collaborations and mergers and acquisitions (M&As) to strengthen their foothold in the market. Looking forward, IMARC Group expects the market to reach US$ 276.3 Billion by 2032, exhibiting a growth rate (CAGR) of 8.7% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Battery market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Battery Industry:

The global battery market has several major players, including A123 Systems LLC, BYD Motors Inc., Contemporary Amperex Technology Co. Ltd., Envision AESC Group Ltd., GS Yuasa International Ltd., Johnson Controls, Panasonic Holdings Corporation, Robert Bosch GmbH, Saft (Total Energies SE), Samsung SDI Co. Ltd., Tesla Inc., and Toshiba Corporation. More information about these companies has been provided below. 

1. A123 Systems LLC

A123 Systems LLC is a company that specializes in developing and manufacturing advanced lithium-ion batteries and energy storage systems for a variety of applications, including the electric grid, transportation, and commercial industries. It is a subsidiary of Wanxiang America Corporation that specializes in the production of starter batteries, low-voltage batteries, and 48V systems. A123 Systems is known for its Nanophosphate technology, which is designed to provide high power and energy density, long cycle life, and excellent thermal stability. The company has supplied batteries to a number of significant customers in the automotive industry, including BMW, General Motors, and SAIC Motor Corporation.

2. BYD Motors Inc.

BYD Motors Inc. specializes in the design, development, and manufacturing of electric vehicles (EVs) and rechargeable batteries. It produces a wide range of electric vehicles, including buses, taxis, passenger cars, and trucks. The company is also known for its innovative battery technology, which includes lithium-ion batteries, ferrous batteries, and solar panels. In addition, BYD offers energy storage solutions for residential, commercial, and industrial applications. The company has partnerships with several major automakers, including Toyota, and has expanded its operations to several countries, including the United States, Europe, and South America.

3. Contemporary Amperex Technology Co. Ltd.

Contemporary Amperex Technology Co. Ltd (CATL) is a company that specializes in the manufacturing of lithium-ion batteries for electric vehicles (EVs), battery chargers, and energy storage systems. It is known for its innovative battery technology, which includes lithium iron phosphate (LFP) batteries, nickel-cobalt-manganese (NCM) batteries, and lithium nickel cobalt aluminum oxide (NCA) batteries. The company has partnerships with several major automakers, including BMW, Volkswagen, and Tesla, and has supplied batteries for a wide range of electric vehicles. At present, the company has a global presence, with manufacturing facilities and research and development centers in China, Europe, and North America.

4. Envision AESC Group Ltd.

Envision AESC (Automotive Energy Supply Corporation) is a company that specializes in the design, development, and manufacturing of lithium-ion batteries for electric vehicles (EVs). The company was established as a joint venture between Nissan Motor Co. and NEC Corporation. It is known for its innovative battery technology, which includes lithium manganese oxide (LMO) and lithium nickel cobalt aluminum oxide (NCA) batteries. Presently, Envision AESC has a global presence, with manufacturing facilities and research and development centers in Japan, the United Kingdom, and China.

5. GS Yuasa International Ltd.

GS Yuasa Corporation is a leading developer of lead-acid and lithium-ion batteries, with a diverse product portfolio that includes automotive and industrial batteries, power supply systems, switchgear, and other electrical equipment. The company is deeply committed to research and development, with a dedicated R&D center located in Kyoto City. As part of its mission to promote sustainability, GS Yuasa invests heavily in corporate social responsibility initiatives and has developed a comprehensive CSR promotion plan. By prioritizing CSR in its business activities, the company aims to improve its corporate value and enhance stakeholder satisfaction while also building a mechanism for lasting positive impact.

6. Johnson Controls International

Johnson Controls International is a multinational company that provides technology and engineering solutions for a wide range of industries. It produces automotive batteries, HVAC equipment, building automation systems, and security and fire safety solutions. The company operates through various business segments, including building technologies and solutions, power solutions, and corporate. Presently, Johnson Controls operates in over 150 countries and employs more than 100,000 individuals worldwide.

7. Panasonic Holdings Corporation

Panasonic Holdings Corporation is a leading global provider of diverse electronics technologies and solutions for a wide range of customers in consumer electronics, housing, automotive, and B2B industries. It offers home appliances and equipment, manufacturing and logistics systems, as well as batteries and electronic components for mobility and social infrastructure. The company also engages in the development, manufacturing, and sales of a variety of batteries, such as primary batteries, including dry and lithium primary batteries, cylindrical-type lithium-ion batteries for in-vehicle use, secondary lithium batteries, storage battery modules, and nickel-metal hydride batteries.

8. Robert Bosch GmbH

Robert Bosch GmbH is a German multinational company specializing in engineering and technology across several sectors, including mobility, consumer goods, energy and building technology, and industrial technology. The company is committed to innovation in areas such as chemical energy conversion, electrified mobility and systems, healthcare solutions, information and communication technologies, production systems, the Internet of Things (IoT), autonomous systems, modeling, simulation, optimization, and new materials, sustainability, and smart sensors and hardware systems. The company currently provides its products globally under notable subsidiaries such as Bosch Rexroth, BSH Hausgeräte, Dremel, Bosch Electrical Drives Co., Ltd., Scintilla AG, Bosch Engineering GmbH, Worcester Bosch, and Bosch Sicherheitssysteme.

9. Saft (Total Energies SE)

Saft is a multinational company that designs, develops, and manufactures advanced batteries for industrial and defense applications. It offers a range of battery technologies, including nickel-based, lithium-based, and advanced lead-acid batteries. These batteries are used in various applications, such as renewable energy storage systems, smart grid applications, backup power systems, aerospace and defense systems, and electric vehicles. Presently, Saft has a global presence with manufacturing facilities in Europe, North America, and Asia and sales offices and distributors in over 50 countries.

10. Samsung SDI Co. Ltd.

Samsung SDI Co. Ltd. specializes in the development and manufacturing of advanced lithium-ion batteries for various applications. It produces batteries for use in electric vehicles, energy storage systems, mobile devices, and other applications. The company also offers laptop battery and energy storage solutions that integrate batteries with renewable energy sources, such as solar and wind power. Currently, Samsung SDI has a global presence, with manufacturing facilities and sales offices in Asia, Europe, and the Americas. The company is committed to sustainability and has set ambitious goals for reducing its environmental impact. It aims to achieve carbon neutrality by 2050 and has established a "Green Management" program to promote sustainability throughout its operations.

11. Tesla Inc.

Tesla Inc. is an electric vehicle and clean energy company that designs and manufactures electric cars, battery storage systems, and solar products. The company's electric cars are known for their long range and high performance and have become increasingly popular in recent years due to growing concerns about climate change and a desire for more sustainable transportation options. In addition, Tesla is involved in the development of autonomous driving technology and new battery technology that will improve the range and performance of its cars.

12. Toshiba Corporation

Toshiba Corporation is a multinational conglomerate specializing in electronics, industrial, and energy-related products and services. The company was founded through the merger of Shibaura Seisaku-sho and Tokyo Denki, two leading companies in the Japanese electronics industry at the time. Over the years, Toshiba has developed various products, including personal computers, semiconductors, TVs, air conditioning systems, medical equipment, and nuclear power plants. The company has also made significant contributions to the development of several key technologies, such as laptop computers and NAND flash memory.

About Author: