Global FORTELION Battery Module Market Size By Battery Type, By Application, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
FORTELION Battery Module Market size was valued at USD 15.7 Billion in 2023 and is projected to reach USD 52.8 Billion by 2030, growing at a CAGR of 22.3%during the forecast period 2024-2030.
Global FORTELION Battery Module Market Drivers
The market drivers for the FORTELION Battery Module Market can be influenced by various factors. These may include
 Demand for Energy Storage Solutions The market for battery modules may be driven by the growing need for energy storage solutions across a range of industries, including grid stabilisation, electric vehicles, and the integration of renewable energy sources.
 Integration of Renewable Energy As the globe moves towards greener, more sustainable energy sources, it becomes increasingly important to have efficient energy storage systems to manage sporadic renewable energy sources like wind and solar power.
 Growth of the Electric Vehicle (EV) Market The market for battery modules is significantly driven by the increasing popularity of electric vehicles and the requirement for cutting-edge, effective battery technology.
 Technological Advancements in Batteries Greater energy density, extended cycle life, and quicker charging times are just a few examples of how new developments in battery technology can propel the market forward.
 Government Policies and Incentives The market for battery modules may benefit from government policies, subsidies, and other initiatives that encourage the use of energy storage and electric vehicles.
 Growing Consumer Electronics Demand The market for battery modules may expand as a result of consumers’ growing preference for portable electronics and consumer electronics that run on rechargeable batteries.
 Grid Stability and Backup Power The demand for energy storage systems may be driven by the need for grid stability and backup power solutions, particularly in locations with unstable grid infrastructure or those subject to frequent power outages.
Global FORTELION Battery Module Market Restraints
Several factors can act as restraints or challenges for the FORTELION Battery Module Market. These may include
 Industry Reports Seek for reports from market research companies that address battery technologies, energy storage, and associated industries. These papers frequently offer perceptions on prospects, difficulties, and market trends.
 Statements from the Company Examine FORTELION’s or other companies active in the battery module market’s official comments or press releases. Businesses may talk about difficulties they are having in these correspondences.
 News and Media For the most recent information, market analysis, and professional viewpoints on the battery module market, keep up with news stories and trade journals.
 Analyst Insights Industry specialists and financial analysts frequently offer insights on the state of the market. Seek for studies and research on the energy storage industry from reliable analysts.
 Events & Conferences Participate in webinars or industry conferences where professionals talk about the most recent developments, difficulties, and prospects in the market for battery modules.
Global FORTELION Battery Module Market Segmentation Analysis
The Global FORTELION Battery Module Market is Segmented on the basis of Battery Type, Application and Geography.
FORTELION Battery Module Market, By Battery Type
 FORTELION High Output Battery Modules Ideal for UPS, voltage drop protection, and frequency regulation. Offer high discharge current (up to 200A) and extended cycle life (15,000+ cycles).
 FORTELION 24V Battery Modules Designed for robots, AGVs, and other mobile applications. Feature compact size, long lifespan, and fast charging capabilities.
 Discontinued Modules Murata previously offered 2.1kWh energy storage modules with FORTELION batteries, but these are no longer in production.
FORTELION Battery Module Market, By Application
 Uninterruptible Power Supplies (UPS) FORTELION batteries provide reliable backup power for critical equipment.
 Energy Storage Systems (ESS) For residential and commercial solar energy storage, offering extended lifespans and fast charging.
 Mobile Applications Used in robots, AGVs, and other industrial equipment for long-lasting, reliable power.
 Other Applications FORTELION batteries can also be found in UPS systems for base stations, communications equipment, and medical devices.
FORTELION Battery Module Market, Geography
 North America Market conditions and demand in the United States, Canada, and Mexico.
 Europe Analysis of the FORTELION BATTERY MODULE MARKET in European countries.
 Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
 Middle East and Africa Examining market dynamics in the Middle East and African regions.
 Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the FORTELION Battery Module Market are
 LG Energy Solution (South Korea)
 SK Innovation Co., Ltd. (South Korea)
 Panasonic Holdings Corporation (Japan)
 BYD Company Limited (China)
 Samsung SDI Co. Ltd. (South Korea)
 Toshiba Corporation (Japan)
 CATL (China)
 Tesla (USA)
 Johnson Controls International (USA)
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2020-2030
Base Year
2023
Forecast Period
2024-2030
Historical Period
2020-2022
Unit
Value (USD Billion)
Key Companies Profiled
LG Energy Solution (South Korea), SK Innovation Co., Ltd. (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Limited (China), Samsung SDI Co. Ltd. (South Korea), Toshiba Corporation (Japan), CATL (China), Tesla (USA), Johnson Controls International (USA)
Segments Covered
By Battery Type, By Application, By Geography.
Customization scope
Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.
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Reasons to Purchase this Report
We dive deep into the market, looking at both the numbers and the less obvious factors, breaking things down to understand different groups of customers. We'll give you the market size in good old USD Billion for each area we explore. You'll see which regions and segments we expect to be the rocket ships of growth and who's leading the pack. We'll also break down what's driving the market in each geographic area, pinpointing what's helping or hindering things. Get the lowdown on the competition – who's where, who's launching what, who's partnering with whom, and who's buying who. Plus, we've got detailed SWOT analyses and company overviews for the major players. We'll give you a solid view of where the market is now and where it's heading, considering recent developments, growth opportunities, and challenges. We even use Porter's five forces to really get under the hood of the market. And for a complete view, we'll walk you through the Value Chain. Finally, we'll map out the market's likely path and growth prospects for the future. Oh, and we throw in 6 months of analyst support after you get the report!
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