South America Battery Market Research Report, 2027

The factors such as the growth in strategic initiatives taken by the region’s market players, the large-scale presence of lithium reserves, the increase in demand and adoption of consumer electronics and household appliances for increasing deployment of different types of batteries are expected to promote the growth of the studied market in the region. Major factors driving the South American battery market include declining lithium-ion battery prices, increasing adoption of electric vehicles, and growing the renewable energy sector. Also, increasing demand from data centres is likely to drive the market as data centres are evolving digital infrastructures for cloud services and the next generation of cloud services may be adapted to incorporate a blockchain network. According to the report, "South America Battery Market Research Report, 2027" published by Actual Market Research, the market was calculated to have around USD 5 billion in 2021, which is anticipated to reach more than 10% CAGR by 2027. Increasing the growth in data centres and economic development in countries like Brazil and Argentina for commercial infrastructure is expected to create immense opportunities for the South American battery market. The demand for consumer electronics in Brazil is increasing, which is a significant boost for the market under study. To embark on market opportunities in Brazil, in March 2018, Amazon Inc., this collaborated with manufacturers of electronic goods, decided to stock and sell consumer electronic goods in Brazil.

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Due to the demand for consumer goods and an increase in investment in the country, Brazil is expected to dominate the market in the South America region. In Brazil, the high automobile production, product developments, and launches by market players play a major factor in the growth of the battery market. Further, the significant development by market players has positively affected the market. Volkswagen Caminhes e nibus, for example, and Companhia Brasileira de Metalurgia e Mineraço announced an agreement in 2021 to develop the super Niobium battery. Since niobium is abundant in the country, the companies signed an agreement to produce super batteries for large electric vehicles. Hence, such factors are expected to positively impact the country’s market growth during the forecast period. In Brazil, the major supplier countries for primary batteries include China, the United States, and Germany. The import value of primary batteries in Brazil is way higher than the export, which signifies the high dependency on imports to meet the requirements of primary batteries. The distributor networks and channel partners of overseas manufacturing firms cater to the market demand for primary batteries in Brazil. The battery demand in Brazil is bolstered by the fact that the demand for electricity is anticipated to register prominent market growth by 2027, which leads to an increasing requirement for standby sources of electricity. The Rota 2030 program is aimed at improving energy efficiency in the transportation sector, which is a big boost for the Brazilian electric vehicle market. The surge in the deployment of electric vehicles is likely to provide a significant impetus to the Brazilian segment of the market studied during the forecast period. The lead-acid battery segment is expected to dominate the market in both developed and emerging economies of the region, with a declining market share. The reason behind the expected growth is mainly the low cost of lead-acid batteries, renewable targets, and the adoption of automated guided vehicles in industrial spaces. As of 2021, Bolivia, Argentina, and Chile have around 21, 17, and 9 million tones of lithium reserves, respectively. Thus, the huge lithium reserves present in the region are likely to act as an opportunity to increase domestic production.

Make this report your own

We're excited to discuss your needs and our solutions. Let's schedule a call.

Ask an Expert

Kripa Shah

Senior Analyst

Unlike the global trend, the region is expected to show the dominance of the portable battery segment in the last decade. Automobiles are the largest end-users of lead-acid batteries, as these batteries perform the start-stop function in vehicles. On average, each automobile manufactured contains approximately 12 kilograms of lead. Around 96% of lead is used in the common lead-acid battery, while the remaining 4% is used in other applications, including wheel balance weights, protective coatings, and vibration dampers. The Latin American battery market is moderately competitive with major players like C&D Technologies offering their solutions and services for switchgear & control, telecommunications, and UPS applications. The company operates in the US, Argentina, Chile, Brazil, Russia, Singapore, Colombia, Thailand, Hong Kong, and China. COVID-19 Impacts: COVID-19 has affected the global economy, and the operations of various sectors have come to a standstill. In the consumer electronics sector, many companies are dealing with several challenges due to a decline in resources and human resources. As a result of pandemic and containment measures globally, the target for manufacturing portable batteries has almost come to a halt across the South American region. However, all the corrective measures are being taken to stimulate market growth post-COVID-19. This slowdown in the economies worldwide has impacted the portable battery market, owing to the declined demand from end users. Even though the risks of battery supply are mitigated, the recession of 2020 is likely to cause a further decline in demand as consumers are likely to spend less on consumer electronics, which is affecting the South American battery market. Major Companies Present In the Market BYD Company Limited, C&D Technologies Inc., Clarios, Hitachi Chemical Corporation Limited, LG Chem Limited, Panasonic Corporation, Saft Group SA, Samsung Corporation Limited, Sony Corporation, Toshiba Corporation

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

Considered In the Report • Geography: South America • Historical year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Countries covered: • Brazil • Argentina • Coumbia Aspects Covered In the Report • Market Size By Value for the historic time period (2016-2021) • Market Size By Value for the forecast time period (2022-2027) • Market Share by Type (Primary & Secondary) • Market Share by Technology (Lead acid Battery, Lithium ion Battery, Nickel metal hydride Battery, Nickel cadmium Battery & Other Batteries) • Market Share by Application (Automotive Batteries, Industrial Batteries & Portable Batteries) • Market Share by Country 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.