Market Resilience in the Space Battery Industry: 2023-2029 Analysis


Posted October 5, 2023 by aishwaryammr

Space Battery Market was valued at US$ 3.65 Bn. in 2022. The global Space Battery Market size is estimated to grow at a CAGR of 6.48% over the forecast period.
 
Space Battery Market Scope:

The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

Space Battery Market Overview:

The primary goal of this research is to assist the user in understanding the Space Battery Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Space Battery industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.

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Space Battery Market Segmentation:

The Space Battery Market is divided into four categories depending on type: Nickel-based Batteries, Lithium-based Batteries, Silver-Zinc Batteries, and Others. In 2022, the sector for lithium-based batteries accounted for 52% of the market. Innovation targeted at generating highly dependable, high-performing, and economical technology by reducing the battery's SWaP is what is driving the segment growth. Additionally, it is anticipated to grow at the quickest rate throughout the forecast period. In the small-sat created by Space Technology 5, lithium-ion, or Li-ion, batteries will be utilized to store energy chemically. In order to limit voltage peaks during charging and prevent the voltage from dropping too low during discharge, each Li-ion battery cell has a control circuit. This also places a limit on the highest charge and discharge currents.

The Communication, Earth Observation, Military Surveillance, Science, Navigation, and Others segments of the Space Battery Market are based on Platform. Space batteries employed in platforms deployed for military surveillance are the most dominant platform mission type, driven by a growing need to track and combat the spread of terrorist activities as well as the importance of surveillance systems in fourth-generation warfare. Due to increasing demand for global navigation systems like GPS, particularly in developing Asian nations, another promising field, navigation, is anticipated to grow at the market's quickest rate during the projection period.

Space Battery Market Size and Forecast, by Type (2022-2029)
1. Nickel-based Battery
2. Lithium-based Battery
3. Silver-Zinc Battery
4. Others
Space Battery Market Size and Forecast, by Platform (2022-2029)
1. Communication
2. Earth Observation
3. Military Surveillance
4. Science
5. Navigation
6. Others
Space Battery Market Size and Forecast, by Application (2022-2029)
3. Propulsion Systems
3. Communication & Navigation Systems
3. Fire Control Systems
4. Electro-Optics & Thermal Imaging Systems
5. Others
Space Battery Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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Space Battery Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Space Battery market are

1.EnerSys
2. Arotech Corporation
3. EaglePicher Technologies
4. Bren-Tronics Inc.
5. Saft Groupe
6. A123 Systems Inc.
7. Automotive Energy Supply Corporation (AESC)
8. Aviation Industry Corporation of China (AVIC)
9. BYD Company Ltd.
10. CBAK Energy Technology Inc.
11. Hitachi Chemical Co
12. GS Yuasa Corporation
13. Mitsubishi Electric Corporation
14. VARTA AG
15. EXIDE Technologies (US)
16. Bren-Tronics, Inc.
17. Hitachi Chemical Co

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Regional Analysis:

The report focuses on Global Regions and Market Size of Space Battery, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.

COVID-19 Impact Analysis on Space Battery Market:

The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Space Battery industry in 2021.

Key Questions Answered in the Space Battery Market Report are:


What is the function of Space Battery?
What is the predicted revenue generation of the Space Battery market?
At what growth rate is the Space Battery market evolving?
Who are the major market giants operating in the Space Battery market?
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Issued By Aishwarya
Phone  +91 9607365656
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. 3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway, Narhe, Pune, Maharashtra 411041, India.
Country India
Categories Energy
Tags space battery market , space battery market share , space battery market size , space battery market business
Last Updated October 5, 2023