Canada Battery Market Research Report, 2029

The market for powered automobiles is expanding in Canada thanks to government incentives, environmental regulations, and developments in battery technology. It is clear that adoption is trending higher despite obstacles including a lack of charging infrastructure and a restricted selection of vehicles, especially in cities. With a population of about 39 million, regional differences, consumer perceptions of environmental sustainability and government programs to promote zero-emission cars all have an impact on the market dynamics. Canadians utilize a wide variety of consumer devices, such as wearable, computers, tablets, and smartphones. They also need portable power solutions for their equipment because many Canadians participate in outdoor activities like boating, hiking, and camping. In Canada, major industrial hubs are concentrated in Ontario, Quebec, Alberta, British Columbia, and to a lesser extent, Manitoba, Saskatchewan, and Atlantic Canada. Each region has its own industrial strengths, with Ontario and Quebec leading in manufacturing and technology, Alberta focusing on energy, British Columbia on natural resources and technology, and other provinces contributing with specialized industries like agriculture and mining. According to the research report, "Canada Batteries Market Research Report, 2029," published by Actual Market Research, the Canada batteries market is anticipated to add to more than USD 1.78 Billion by 2024–29. Canada's battery market is expected to develop as a result of government incentives, rising EV adoption, expanding renewable energy storage, technological breakthroughs, and a sustainability-focused mind-set. The use of smartphones, tablets, and laptops significantly impacts the battery market. The high penetration and growing demand for these devices drive continuous need for battery replacements and upgrades. On the other hand, the market is also impacted by difficulties like supply chain interruptions, high upfront prices, a lacklustre infrastructure for charging, problems with recycling and the environment, unstable economic conditions, and fierce competition. Each industrial application influences battery demand, technology development, and market growth. As industries continue to evolve and adopt new technologies, the battery market will experience changes in demand and innovation, reflecting the needs and advancements within the industrial sector.

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The Canadian market is segmented by battery types into two segments: primary and secondary batteries. In Canada, secondary batteries are the most widely used and account for a major share of the market. Secondary batteries are widely used in industrial applications, electric vehicles, consumer electronics, and renewable energy storage. Their use is being fueled by government legislation and technological improvements. As more households and businesses invest in energy storage to manage energy use and reduce costs, the demand for secondary batteries increases. Apart from that Secondary batteries are more environmentally friendly compared to single-use batteries, and there is a push towards better recycling practices for used batteries. In Canada, primary batteries still have a number of benefits, such as a long shelf life, ease of use, broad availability, affordability in some cases, diversity of chemistries, dependability in crucial applications, lack of memory effect, and appropriateness in isolated or urgent circumstances. Notwithstanding the expanding inclination for rechargeable alternatives, these advantages guarantee that primary batteries continue to be pertinent and helpful in particular situations. Five distinct types of battery technology are categorized: lead acid, lithium ion, nickel metal hybrid, nickel cadmium, and others. Lithium ion batteries ought to dominate the emerging market, yet lead acid batteries are the most widely used technology in the country. Lead-acid batteries are prevalent in automotive applications, backup power systems, and some industrial uses due to their lower initial cost and established technology. However, lithium-ion batteries are increasingly favored for consumer electronics, electric vehicles, and energy storage systems due to their superior energy density, longer cycle life, and overall performance. The choice between these batteries depends on the specific requirements of the application, including cost, performance, and environmental considerations. Nickel-based batteries, including Nickel cadmium and Nickel metal hybrid, continue to have a role in the Canadian market. Nickel cadmium batteries are increasingly being phased out due to environmental concerns and the memory effect, but they still serve niche applications. Nickel metal hybrid batteries are more widely used in consumer electronics and hybrid vehicles due to their higher capacity and lower environmental impact. The Canadian battery market is divided into three main segments based on how the batteries are used: automotive, industrial, and portable. The Automotive batteries market is leading in the Canada. There are around 35 million registered cars in Canada, and the market for automotive batteries reflects the various needs of both conventional and electric vehicles. Because lead-acid batteries are inexpensive and dependable, they are still commonly found in cars with traditional internal combustion engines. But as more people choose electric and hybrid cars, the industry is quickly moving in the direction of lithium-ion batteries. The Canadian market for automotive batteries is being shaped by elements like government regulations, customer interest in electric vehicles growing, and technological developments. The portable batteries market is driven by the growth of consumer electronics, outdoor and recreational activities, and emergency power needs. Trends such as technological advancements, sustainability, and increased device usage are shaping the market. The market is driven by the growth of consumer electronics, outdoor and recreational activities, and emergency power needs. Trends such as technological advancements, sustainability, and increased device usage are shaping the market. COVID-19 Impact The Canadian battery market was significantly impacted by the COVID-19 outbreak. Disruptions in the supply chain caused delays and shortages of raw materials, which raised the price and affected the production of batteries. The pandemic also caused a slowdown in production and delivery, which affected the availability of batteries in a number of industries. Consumer demand for portable batteries increased as a result of a greater reliance on electronic devices and remote work, whereas sales of car batteries were impacted by a decline in vehicle production and sales. On the other hand, the pandemic increased interest in backup power and renewable energy sources, which expanded the market for energy storage batteries. All things considered, even though there were production and supply issues, the pandemic also brought attention to how important batteries are to preserving energy security and communication.

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Nikita Jabrela

Business Development Manager

Considered in this report • Geography: Canada • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report • Canada Batteries market with its value and forecast along with its segments • various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Primary • Secondary

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By Technology • Lead acid • Lithium ion • Nickel metal hybrid • Nickel cadmium • others By Application • Automotive Batteries • Industrial Batteries • Portable Batteries 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.