Market Definition
Denmark Battery Market was valued at USD 146.88 million in 2022, and is predicted to reach USD 713.49 million by 2030, with a CAGR of 21.8% from 2023 to 2030.
A battery operates as a mechanism that stores energy and later releases it by transforming chemical energy into electrical energy. Typically, batteries produce electricity by harnessing one or more electrochemical cells. Batteries can be categorized into two distinct types: primary batteries and secondary batteries. Primary batteries, also known as non-rechargeable batteries, offer a straightforward and convenient energy supply for various portable electronic and electrical devices, including cameras, watches, toys, lights, radios, and more. In contrast, secondary batteries, often referred to as rechargeable batteries, possess the capability to be recharged electrically once they've been depleted. These energy storage solutions have evolved into indispensable sources of power in our daily routines. The progress of cutting-edge technologies, encompassing smartphones, tablets, laptops, solar energy systems, and electric vehicles (EVs), has ushered in the era of robust batteries capable of prolonged endurance and providing essential energy requirements.
Driving Battery Market Growth: Denmark's Pioneering Role in Global EV Adoption
Denmark is one of the leading countries in the world in adoption of EVs globally. High penetration of EVs in Denmark has resulted in a significant boost to the growth of battery market. According to the Danish Car Importers Association (DBI), the number of electric or plug-in hybrids sold in Denmark in 2021 exceeded combustion engine cars that use petrol and diesel. The government in Denmark has undertaken several favorable initiatives that further increase the adoption of EVs in the country. For instance, the country offers an exemption on the tax for commercial charging. As a result, every company, which offers commercial charging, receives USD 0.14 per kilowatt-hour discount on the electricity tax. In addition, there are tax benefits on registration of EVs along with benefits on ownership tax.
Diverse EV Offerings from Leading Global Manufacturers for Danish Consumers
The global EV manufacturers, such as Tesla, Inc., Volvo Cars, Volkswagen, XPeng, and Mercedes-Benz, are investing heavily and launching EVs with multiple variants and options for consumers in Denmark. For instance, in March 2022, Xpeng announced the launch of its EV P5 in Denmark. Moreover, in August 2022, Polestar subsidiary of Volvo Cars launched the Destination Center in Vallensbaek, Denmark offering two delivery points for its EV Polestar 2 in the region . Furthermore, in July 2022, Mercedes-Benz launched an electric truck called eEconic in Denmark. eEconic runs on electric motors that consumes energy from onboard lithium-ion batteries and will be used as a zero-emission waste collection solution in Denmark. Such factors are increasing the adoption of EVs in Denmark, which, in turn, is driving the battery market.
Safety Issues Regarding Battery Usage in Denmark
Improper handling of batteries carries a range of risks to both human health and the environment. The incorrect disposal of used or drained batteries is a prevalent practice, resulting in their deposition in landfills where they gradually break down, releasing hazardous substances. As these batteries deteriorate over time, they emit chemical elements that can infiltrate the soil, adversely affecting both surface water and groundwater. As a result, this pollution disrupts the ecosystem, endangering aquatic plants and animals that come into contact with detrimental battery elements like mercury, cadmium, lithium, and lead. Consequently, these issues are expected to hinder the growth of the battery market in the region.
Introduction of Nano-Diamond Batteries (NDB) in Multiple Industries
The growing adoption of Nuclear Diamond Batteries (NDBs) across various sectors including automotive, aerospace, and electronics is positioned to create fresh avenues in Denmark's battery market. NDBs represent a groundbreaking leap in energy generation and storage, fundamentally reshaping conventional battery concepts. These batteries showcase remarkable endurance by harnessing the energy derived from the radioactive decay of nuclear waste. The trajectory of Denmark's battery market is being shaped by the compelling attributes of NDBs, which encompass their compact form, adaptability, cost-efficiency, and scalability across a wide array of applications, ranging from compact chipsets to expansive industrial setups. Functioning as advanced diamond-based alpha, beta, and neutron voltaic batteries, NDBs offer a consistent source of clean energy for a diverse spectrum of applications, surpassing the performance of traditional chemical batteries.
Competitive Landscape
The Denmark battery industry includes several market players such as LG Chem Ltd., CATL, Samsung SDI Co. Ltd., BYD, SKI, ENVISION AESC GROUP LTD., Gotion High tech Co Ltd, Primearth EV Energy Co., Ltd., China Aviation Lithium Battery Co., Ltd., Panasonic Corporation.
KEY BENEFITS
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The Denmark battery market report provides a quantitative analysis of the current market and estimations through 2023-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the Denmark battery market.
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The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
DENMARK BATTERY MARKET KEY SEGMENTS
By Type
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Lead Acid
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Lithium Ion
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Lithium Nickel Manganese Cobalt (LI-NMC)
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Lithium Iron Phosphate (LFP)
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Lithium Cobalt Oxide (LCO)
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Lithium Titanate Oxide (LTO)
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Lithium Manganese Oxide (LMO)
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Lithium Nickel Cobalt Aluminum Oxide (NCA)
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Nickel Metal Hydride
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Nickel Cadmium
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Others
By Application
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Residential
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Industrial
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Commercial
By Power Systems
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Fuel Cell batteries
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Proton-Exchange Membrane Fuel Cells
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Alkaline Fuel Cells
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Phosphoric Acid Fuel Cells
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Solid Oxide Fuel Cells
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Molten Carbonate Fuel Cells
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Air Cells
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Flywheel Energy Storage
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Nuclear Batteries
REPORT SCOPE AND SEGMENTATION:
Parameters
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Details
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Market Size in 2022
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USD 146.88 million
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Revenue Forecast in 2030
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USD 713.49 million
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Growth Rate
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CAGR of 21.8% from 2023 to 2030
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Analysis Period
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2022–2030
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Base Year Considered
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2022
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Forecast Period
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2023–2030
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Market Size Estimation
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Million (USD)
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Growth Factors
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The growing government incentives
The adoption of hybrid vehicles
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Companies Profiled
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10
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Market Share
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Available for 10 companies
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Customization Scope
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Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research needs.
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Test
1 INTRODUCTION
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY
1.2.1 SECONDARY RESEARCH
1.2.2 DATA ANALYSIS FRAMEWORK
1.2.3 MARKET SIZE ESTIMATION
1.2.4 FORECASTING
1.2.5 PRIMARY RESEARCH AND DATA VALIDATION
2 DENMARK BATTERY MARKET BY TYPE
2.1 OVERVIEW
2.2 LEAD ACID MARKET
2.2.1 STATIONARY
2.2.2 MOTIVE
2.3 LITHIUM ION MARKET
2.3.1 LITHIUM NICKEL MANGANESE COBALT (LI-NMC)
2.3.2 LITHIUM IRON PHOSPHATE (LFP)
2.3.3 LITHIUM COBALT OXIDE (LCO)
2.3.4 LITHIUM TITANATE OXIDE (LTO)
2.3.5 LITHIUM MANGANESE OXIDE (LMO)
2.3.6 LITHIUM NICKEL COBALT ALUMINUM OXIDE (NCA)
2.4 NICKEL METAL HYDRIDE MARKET
2.5 NICKEL CADMIUM MARKET
2.6 OTHERS MARKET
3 DENMARK BATTERY MARKET BY APPLICATION
3.1 OVERVIEW
3.2 RESIDENTIAL MARKET
3.3 INDUSTRIAL MARKET
3.3.1 MANUFACTURING AND CONSTRUCTION
3.3.2 AUTOMOTIVE
3.3.3 MEDICAL
3.3.4 TELECOM AND IT
3.3.5 CONSUMER ELECTRONICS
3.3.6 POWER AND UTILITY
3.3.7 AEROSPACE
3.3.8 MARINE
3.3.9 OTHERS
3.4 COMMERCIAL MARKET
4 DENMARK BATTERY MARKET BY POWER SYSTEMS
4.1 OVERVIEW
4.2 FUEL CELL BATTERIES MARKET
4.3 PROTON-EXCHANGE MEMBRANE FUEL CELLS MARKET
4.4 ALKALINE FUEL CELLS MARKET
4.5 PHOSPHORIC ACID FUEL CELLS MARKET
4.6 SOLID OXIDE FUEL CELLS MARKET
4.7 MOLTEN CARBONATE FUEL CELLS MARKET
4.8 AIR CELLS MARKET
4.9 FLYWHEEL ENERGY STORAGE MARKET
4.10 NUCLEAR BATTERIES MARKET
5 COMPANY PROFILES
5.1 LG CHEM LTD.
5.1.1 COMPANY OVERVIEW
5.1.2 COMPANY SNAPSHOT
5.1.3 OPERATING BUSINESS SEGMENTS
5.1.4 PRODUCT PORTFOLIO
5.1.5 BUSINESS PERFORMANCE
5.1.6 BUSINESS SEGMENTS
5.1.7 GEOGRAPHIC SEGMENTS
5.1.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.1.9 PRIMARY MARKET COMPETITORS
5.2 CATL
5.2.1 COMPANY OVERVIEW
5.2.2 COMPANY SNAPSHOT
5.2.3 OPERATING BUSINESS SEGMENTS
5.2.4 PRODUCT PORTFOLIO
5.2.5 BUSINESS PERFORMANCE
5.2.6 BUSINESS SEGMENTS
5.2.7 GEOGRAPHIC SEGMENTS
5.2.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.2.9 PRIMARY MARKET COMPETITORS
5.3 SAMSUNG SDI CO. LTD.
5.3.1 COMPANY OVERVIEW
5.3.2 COMPANY SNAPSHOT
5.3.3 OPERATING BUSINESS SEGMENTS
5.3.4 PRODUCT PORTFOLIO
5.3.5 BUSINESS PERFORMANCE
5.3.6 BUSINESS SEGMENTS
5.3.7 GEOGRAPHIC SEGMENTS
5.3.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.3.9 PRIMARY MARKET COMPETITORS
5.4 BYD
5.4.1 COMPANY OVERVIEW
5.4.2 COMPANY SNAPSHOT
5.4.3 OPERATING BUSINESS SEGMENTS
5.4.4 PRODUCT PORTFOLIO
5.4.5 BUSINESS PERFORMANCE
5.4.6 BUSINESS SEGMENTS
5.4.7 GEOGRAPHIC SEGMENTS
5.4.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.4.9 PRIMARY MARKET COMPETITORS
5.5 SK INNOVATION CO. LTD.
5.5.1 COMPANY OVERVIEW
5.5.2 COMPANY SNAPSHOT
5.5.3 OPERATING BUSINESS SEGMENTS
5.5.4 PRODUCT PORTFOLIO
5.5.5 BUSINESS PERFORMANCE
5.5.6 BUSINESS SEGMENTS
5.5.7 GEOGRAPHIC SEGMENTS
5.5.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.5.9 PRIMARY MARKET COMPETITORS
5.6 ENVISION AESC GROUP LTD.
5.6.1 COMPANY OVERVIEW
5.6.2 COMPANY SNAPSHOT
5.6.3 OPERATING BUSINESS SEGMENTS
5.6.4 PRODUCT PORTFOLIO
5.6.5 BUSINESS PERFORMANCE
5.6.6 BUSINESS SEGMENTS
5.6.7 GEOGRAPHIC SEGMENTS
5.6.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.6.9 PRIMARY MARKET COMPETITORS
5.7 GOTION HIGH TECH CO LTD.
5.7.1 COMPANY OVERVIEW
5.7.2 COMPANY SNAPSHOT
5.7.3 OPERATING BUSINESS SEGMENTS
5.7.4 PRODUCT PORTFOLIO
5.7.5 BUSINESS PERFORMANCE
5.7.6 BUSINESS SEGMENTS
5.7.7 GEOGRAPHIC SEGMENTS
5.7.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.7.9 PRIMARY MARKET COMPETITORS
5.8 PRIMEARTH EV ENERGY CO., LTD.
5.8.1 COMPANY OVERVIEW
5.8.2 COMPANY SNAPSHOT
5.8.3 OPERATING BUSINESS SEGMENTS
5.8.4 PRODUCT PORTFOLIO
5.8.5 BUSINESS PERFORMANCE
5.8.6 BUSINESS SEGMENTS
5.8.7 GEOGRAPHIC SEGMENTS
5.8.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.8.9 PRIMARY MARKET COMPETITORS
5.9 CHINA AVIATION LITHIUM BATTERY CO., LTD.
5.9.1 COMPANY OVERVIEW
5.9.2 COMPANY SNAPSHOT
5.9.3 OPERATING BUSINESS SEGMENTS
5.9.4 PRODUCT PORTFOLIO
5.9.5 BUSINESS PERFORMANCE
5.9.6 BUSINESS SEGMENTS
5.9.7 GEOGRAPHIC SEGMENTS
5.9.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.9.9 PRIMARY MARKET COMPETITORS
5.10 PANASONIC CORPORATION
5.10.1 COMPANY OVERVIEW
5.10.2 COMPANY SNAPSHOT
5.10.3 OPERATING BUSINESS SEGMENTS
5.10.4 PRODUCT PORTFOLIO
5.10.5 BUSINESS PERFORMANCE
5.10.6 BUSINESS SEGMENTS
5.10.7 GEOGRAPHIC SEGMENTS
5.10.8 KEY STRATEGIC MOVES AND DEVELOPMENT
5.10.9 PRIMARY MARKET COMPETITORS
LIST OF TABLES
TABLE 1. DENMARK BATTERY MARKET VALUE, BY TYPE, 2021-2030, MILLION USD
TABLE 2. DENMARK BATTERY MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND UNITS
TABLE 3. DENMARK LEAD ACID MARKET VALUE, BY TYPE, 2021-2030, MILLION USD
TABLE 4. DENMARK LEAD ACID MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND UNITS
TABLE 5. DENMARK LITHIUM ION MARKET VALUE, BY TYPE, 2021-2030, MILLION USD
TABLE 6. DENMARK LITHIUM ION MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND UNITS
TABLE 7. DENMARK BATTERY MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD
TABLE 8. DENMARK BATTERY MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND UNITS
TABLE 9. DENMARK INDUSTRIAL MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD
TABLE 10. DENMARK INDUSTRIAL MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND UNITS
TABLE 11. DENMARK BATTERY MARKET VALUE, BY POWER SYSTEMS, 2021-2030, MILLION USD
TABLE 12. DENMARK BATTERY MARKET VOLUME, BY POWER SYSTEMS, 2021-2030, THOUSAND UNITS
TABLE 13. CATL: COMPANY SNAPSHOT
TABLE 14. CATL: PRODUCT PORTFOLIO
TABLE 15. CATL: BUSINESS SEGMENT
TABLE 16. CATL: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 17. BYD: COMPANY SNAPSHOT
TABLE 18. BYD: OPERATING SEGMENTS
TABLE 19. BYD: PRODUCT PORTFOLIO
TABLE 20. BYD: BUSINESS SEGMENT
TABLE 21. BYD: GEOGRAPHIC SEGMENT
TABLE 22. BYD: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 23. LG CHEM LTD.: COMPANY SNAPSHOT
TABLE 24. LG CHEM LTD.: PRODUCT PORTFOLIO
TABLE 25. LG CHEM LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 26. SAMSUNG SDI CO. LTD.: COMPANY SNAPSHOT
TABLE 27. SAMSUNG SDI CO. LTD.: OPERATING SEGMENTS
TABLE 28. SAMSUNG SDI CO. LTD.: PRODUCT PORTFOLIO
TABLE 29. SAMSUNG SDI CO. LTD.: SALES BY BUSINESS SEGMENT
TABLE 30. SAMSUNG SDI CO. LTD.: SALES BY GEOGRAPHIC SEGMENT
TABLE 31. SAMSUNG SDI CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 32. SK INNOVATION CO. LTD. (SKI): COMPANY SNAPSHOT
TABLE 33. SK INNOVATION CO. LTD. (SKI): OPERATING SEGMENTS
TABLE 34. SK INNOVATION CO. LTD. (SKI): PRODUCT PORTFOLIO
TABLE 35. SK INNOVATION CO. LTD. (SKI): BUSINESS SEGMENT
TABLE 36. SK INNOVATION CO. LTD. (SKI): GEOGRAPHIC SEGMENT
TABLE 37. SK INNOVATION CO. LTD. (SKI): KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 38. PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 39. PANASONIC HOLDINGS CORPORATION: OPERATING SEGMENTS
TABLE 40. PANASONIC HOLDINGS CORPORATION: PRODUCT PORTFOLIO
TABLE 41. PANASONIC HOLDINGS CORPORATION: BUSINESS SEGMENT
TABLE 42. PANASONIC HOLDINGS CORPORATION: GEOGRAPHIC SEGMENT
TABLE 43. PANASONIC HOLDINGS CORPORATION: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 44. GOTION HIGH TECH CO. LTD.: COMPANY SNAPSHOT
TABLE 45. GOTION HIGH TECH CO. LTD.: PRODUCT PORTFOLIO
TABLE 46. GOTION HIGH TECH CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 47. ENVISION AESC GROUP LTD.: COMPANY SNAPSHOT
TABLE 48. ENVISION AESC GROUP LTD.: PRODUCT PORTFOLIO
TABLE 49. ENVISION AESC GROUP LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 50. PRIMEARTH EV ENERGY CO. LTD.: COMPANY SNAPSHOT
TABLE 51. PRIMEARTH EV ENERGY CO. LTD.: PRODUCT PORTFOLIO
TABLE 52. PRIMEARTH EV ENERGY CO. LTD.: KEY STRATEGIC MOVES & DEVELOPMENTS
TABLE 53. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): COMPANY SNAPSHOT
TABLE 54. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): PRODUCT PORTFOLIO
TABLE 55. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB): KEY STRATEGIC MOVES & DEVELOPMENTS
LIST OF FIGURES
FIGURE 1. DENMARK BATTERY MARKET VALUE, BY TYPE, 2021-2030, MILLION USD
FIGURE 2. DENMARK BATTERY MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND UNITS
FIGURE 3. DENMARK LEAD ACID MARKET VALUE, BY TYPE, 2021-2030, MILLION USD
FIGURE 4. DENMARK LEAD ACID MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND UNITS
FIGURE 5. DENMARK LITHIUM ION MARKET VALUE, BY TYPE, 2021-2030, MILLION USD
FIGURE 6. DENMARK LITHIUM ION MARKET VOLUME, BY TYPE, 2021-2030, THOUSAND UNITS
FIGURE 7. DENMARK BATTERY MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD
FIGURE 8. DENMARK BATTERY MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND UNITS
FIGURE 9. DENMARK INDUSTRIAL MARKET VALUE, BY APPLICATION, 2021-2030, MILLION USD
FIGURE 10. DENMARK INDUSTRIAL MARKET VOLUME, BY APPLICATION, 2021-2030, THOUSAND UNITS
FIGURE 11. DENMARK BATTERY MARKET VALUE, BY POWER SYSTEMS, 2021-2030, MILLION USD
FIGURE 12. DENMARK BATTERY MARKET VOLUME, BY POWER SYSTEMS, 2021-2030, THOUSAND UNITS
FIGURE 13. CATL: PRIMARY MARKET COMPETITORS
FIGURE 14. BYD: NET SALES, 2019–2021 ($MILLION)
FIGURE 15. BYD: PRIMARY MARKET COMPETITORS
FIGURE 16. LG CHEM LTD.: NET SALES, 2019–2021 ($MILLION)
FIGURE 17. LG CHEM LTD.: PRIMARY MARKET COMPETITORS
FIGURE 18. SAMSUNG SDI CO. LTD.: NET SALES, 2019–2021 ($MILLION)
FIGURE 19. SAMSUNG SDI CO. LTD.: PRIMARY MARKET COMPETITORS
FIGURE 20. SK INNOVATION CO. LTD. (SKI): NET SALES, 2019–2020 ($MILLION)
FIGURE 21. SK INNOVATION CO. LTD. (SKI): PRIMARY MARKET COMPETITORS
FIGURE 22. PANASONIC HOLDINGS CORPORATION: NET SALES, 2019–2021 ($MILLION)
FIGURE 23. PANASONIC HOLDINGS CORPORATION: PRIMARY MARKET COMPETITORS
FIGURE 24. GOTION HIGH TECH CO. LTD.: PRIMARY MARKET COMPETITORS
FIGURE 25. ENVISION AESC GROUP LTD.: PRIMARY MARKET COMPETITORS
FIGURE 26. PRIMEARTH EV ENERGY CO. LTD.: PRIMARY MARKET COMPETITORS
FIGURE 27. CHINA AVIATION LITHIUM BATTERY CO. LTD. (CALB).: PRIMARY MARKET COMPETITORS