The global Parallel Battery Pack market size was valued at US$ 264 million in 2024 and is forecast to a readjusted size of USD 442 million by 2031 with a CAGR of 7.7% during review period.
This report is a detailed and comprehensive analysis for global Parallel Battery Pack market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Parallel Battery Pack market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parallel Battery Pack market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parallel Battery Pack market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Parallel Battery Pack market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Parallel Battery Pack
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Parallel Battery Pack market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Samsung SDI Co. Ltd.(South Korea), Panasonic Corporation(Japan), LG Chem Power(U.S.), Toshiba Corporation(Japan), Hitachi Chemical(Japan), Automotive Energy Supply Corporation(Japan), GS Yuasa International Ltd.(Japan), Johnson Controls(U.S.), Shenzhen BAK Battery(China), Future Hi-Tech Batteries Limited(India), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Parallel Battery Pack market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
5-25 Watts
48-95 Watts
18-28 kWh
100-250 kWh
Market segment by Application
Consumer Electronics
Automotive
Medical
Grid Energy and Industrial
Others
Major players covered
Samsung SDI Co. Ltd.(South Korea)
Panasonic Corporation(Japan)
LG Chem Power(U.S.)
Toshiba Corporation(Japan)
Hitachi Chemical(Japan)
Automotive Energy Supply Corporation(Japan)
GS Yuasa International Ltd.(Japan)
Johnson Controls(U.S.)
Shenzhen BAK Battery(China)
Future Hi-Tech Batteries Limited(India)
BYD(China)
Tianjin Lishen Battery(China)
Amperex Technology(Hong Kong)
Hunan Shanshan Toda Advanced Materials(China)
Pulead Technology Industry(China)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Parallel Battery Pack product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Parallel Battery Pack, with price, sales quantity, revenue, and global market share of Parallel Battery Pack from 2020 to 2025.
Chapter 3, the Parallel Battery Pack competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Parallel Battery Pack breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Parallel Battery Pack market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Parallel Battery Pack.
Chapter 14 and 15, to describe Parallel Battery Pack sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 Market Overview
1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Parallel Battery Pack Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 5-25 Watts
1.3.3 48-95 Watts
1.3.4 18-28 kWh
1.3.5 100-250 kWh
1.4 Market Analysis by Application
1.4.1 Overview: Global Parallel Battery Pack Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Consumer Electronics
1.4.3 Automotive
1.4.4 Medical
1.4.5 Grid Energy and Industrial
1.4.6 Others
1.5 Global Parallel Battery Pack Market Size & Forecast
1.5.1 Global Parallel Battery Pack Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Parallel Battery Pack Sales Quantity (2020-2031)
1.5.3 Global Parallel Battery Pack Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Samsung SDI Co. Ltd.(South Korea)
2.1.1 Samsung SDI Co. Ltd.(South Korea) Details
2.1.2 Samsung SDI Co. Ltd.(South Korea) Major Business
2.1.3 Samsung SDI Co. Ltd.(South Korea) Parallel Battery Pack Product and Services
2.1.4 Samsung SDI Co. Ltd.(South Korea) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.1.5 Samsung SDI Co. Ltd.(South Korea) Recent Developments/Updates
2.2 Panasonic Corporation(Japan)
2.2.1 Panasonic Corporation(Japan) Details
2.2.2 Panasonic Corporation(Japan) Major Business
2.2.3 Panasonic Corporation(Japan) Parallel Battery Pack Product and Services
2.2.4 Panasonic Corporation(Japan) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.2.5 Panasonic Corporation(Japan) Recent Developments/Updates
2.3 LG Chem Power(U.S.)
2.3.1 LG Chem Power(U.S.) Details
2.3.2 LG Chem Power(U.S.) Major Business
2.3.3 LG Chem Power(U.S.) Parallel Battery Pack Product and Services
2.3.4 LG Chem Power(U.S.) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.3.5 LG Chem Power(U.S.) Recent Developments/Updates
2.4 Toshiba Corporation(Japan)
2.4.1 Toshiba Corporation(Japan) Details
2.4.2 Toshiba Corporation(Japan) Major Business
2.4.3 Toshiba Corporation(Japan) Parallel Battery Pack Product and Services
2.4.4 Toshiba Corporation(Japan) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.4.5 Toshiba Corporation(Japan) Recent Developments/Updates
2.5 Hitachi Chemical(Japan)
2.5.1 Hitachi Chemical(Japan) Details
2.5.2 Hitachi Chemical(Japan) Major Business
2.5.3 Hitachi Chemical(Japan) Parallel Battery Pack Product and Services
2.5.4 Hitachi Chemical(Japan) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.5.5 Hitachi Chemical(Japan) Recent Developments/Updates
2.6 Automotive Energy Supply Corporation(Japan)
2.6.1 Automotive Energy Supply Corporation(Japan) Details
2.6.2 Automotive Energy Supply Corporation(Japan) Major Business
2.6.3 Automotive Energy Supply Corporation(Japan) Parallel Battery Pack Product and Services
2.6.4 Automotive Energy Supply Corporation(Japan) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.6.5 Automotive Energy Supply Corporation(Japan) Recent Developments/Updates
2.7 GS Yuasa International Ltd.(Japan)
2.7.1 GS Yuasa International Ltd.(Japan) Details
2.7.2 GS Yuasa International Ltd.(Japan) Major Business
2.7.3 GS Yuasa International Ltd.(Japan) Parallel Battery Pack Product and Services
2.7.4 GS Yuasa International Ltd.(Japan) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.7.5 GS Yuasa International Ltd.(Japan) Recent Developments/Updates
2.8 Johnson Controls(U.S.)
2.8.1 Johnson Controls(U.S.) Details
2.8.2 Johnson Controls(U.S.) Major Business
2.8.3 Johnson Controls(U.S.) Parallel Battery Pack Product and Services
2.8.4 Johnson Controls(U.S.) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.8.5 Johnson Controls(U.S.) Recent Developments/Updates
2.9 Shenzhen BAK Battery(China)
2.9.1 Shenzhen BAK Battery(China) Details
2.9.2 Shenzhen BAK Battery(China) Major Business
2.9.3 Shenzhen BAK Battery(China) Parallel Battery Pack Product and Services
2.9.4 Shenzhen BAK Battery(China) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.9.5 Shenzhen BAK Battery(China) Recent Developments/Updates
2.10 Future Hi-Tech Batteries Limited(India)
2.10.1 Future Hi-Tech Batteries Limited(India) Details
2.10.2 Future Hi-Tech Batteries Limited(India) Major Business
2.10.3 Future Hi-Tech Batteries Limited(India) Parallel Battery Pack Product and Services
2.10.4 Future Hi-Tech Batteries Limited(India) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.10.5 Future Hi-Tech Batteries Limited(India) Recent Developments/Updates
2.11 BYD(China)
2.11.1 BYD(China) Details
2.11.2 BYD(China) Major Business
2.11.3 BYD(China) Parallel Battery Pack Product and Services
2.11.4 BYD(China) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.11.5 BYD(China) Recent Developments/Updates
2.12 Tianjin Lishen Battery(China)
2.12.1 Tianjin Lishen Battery(China) Details
2.12.2 Tianjin Lishen Battery(China) Major Business
2.12.3 Tianjin Lishen Battery(China) Parallel Battery Pack Product and Services
2.12.4 Tianjin Lishen Battery(China) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.12.5 Tianjin Lishen Battery(China) Recent Developments/Updates
2.13 Amperex Technology(Hong Kong)
2.13.1 Amperex Technology(Hong Kong) Details
2.13.2 Amperex Technology(Hong Kong) Major Business
2.13.3 Amperex Technology(Hong Kong) Parallel Battery Pack Product and Services
2.13.4 Amperex Technology(Hong Kong) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.13.5 Amperex Technology(Hong Kong) Recent Developments/Updates
2.14 Hunan Shanshan Toda Advanced Materials(China)
2.14.1 Hunan Shanshan Toda Advanced Materials(China) Details
2.14.2 Hunan Shanshan Toda Advanced Materials(China) Major Business
2.14.3 Hunan Shanshan Toda Advanced Materials(China) Parallel Battery Pack Product and Services
2.14.4 Hunan Shanshan Toda Advanced Materials(China) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.14.5 Hunan Shanshan Toda Advanced Materials(China) Recent Developments/Updates
2.15 Pulead Technology Industry(China)
2.15.1 Pulead Technology Industry(China) Details
2.15.2 Pulead Technology Industry(China) Major Business
2.15.3 Pulead Technology Industry(China) Parallel Battery Pack Product and Services
2.15.4 Pulead Technology Industry(China) Parallel Battery Pack Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
2.15.5 Pulead Technology Industry(China) Recent Developments/Updates
3 Competitive Environment: Parallel Battery Pack by Manufacturer
3.1 Global Parallel Battery Pack Sales Quantity by Manufacturer (2020-2025)
3.2 Global Parallel Battery Pack Revenue by Manufacturer (2020-2025)
3.3 Global Parallel Battery Pack Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
3.4.1 Producer Shipments of Parallel Battery Pack by Manufacturer Revenue ($MM) and Market Share (%): 2024
3.4.2 Top 3 Parallel Battery Pack Manufacturer Market Share in 2024
3.4.3 Top 6 Parallel Battery Pack Manufacturer Market Share in 2024
3.5 Parallel Battery Pack Market: Overall Company Footprint Analysis
3.5.1 Parallel Battery Pack Market: Region Footprint
3.5.2 Parallel Battery Pack Market: Company Product Type Footprint
3.5.3 Parallel Battery Pack Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Parallel Battery Pack Market Size by Region
4.1.1 Global Parallel Battery Pack Sales Quantity by Region (2020-2031)
4.1.2 Global Parallel Battery Pack Consumption Value by Region (2020-2031)
4.1.3 Global Parallel Battery Pack Average Price by Region (2020-2031)
4.2 North America Parallel Battery Pack Consumption Value (2020-2031)
4.3 Europe Parallel Battery Pack Consumption Value (2020-2031)
4.4 Asia-Pacific Parallel Battery Pack Consumption Value (2020-2031)
4.5 South America Parallel Battery Pack Consumption Value (2020-2031)
4.6 Middle East & Africa Parallel Battery Pack Consumption Value (2020-2031)
5 Market Segment by Type
5.1 Global Parallel Battery Pack Sales Quantity by Type (2020-2031)
5.2 Global Parallel Battery Pack Consumption Value by Type (2020-2031)
5.3 Global Parallel Battery Pack Average Price by Type (2020-2031)
6 Market Segment by Application
6.1 Global Parallel Battery Pack Sales Quantity by Application (2020-2031)
6.2 Global Parallel Battery Pack Consumption Value by Application (2020-2031)
6.3 Global Parallel Battery Pack Average Price by Application (2020-2031)
7 North America
7.1 North America Parallel Battery Pack Sales Quantity by Type (2020-2031)
7.2 North America Parallel Battery Pack Sales Quantity by Application (2020-2031)
7.3 North America Parallel Battery Pack Market Size by Country
7.3.1 North America Parallel Battery Pack Sales Quantity by Country (2020-2031)
7.3.2 North America Parallel Battery Pack Consumption Value by Country (2020-2031)
7.3.3 United States Market Size and Forecast (2020-2031)
7.3.4 Canada Market Size and Forecast (2020-2031)
7.3.5 Mexico Market Size and Forecast (2020-2031)
8 Europe
8.1 Europe Parallel Battery Pack Sales Quantity by Type (2020-2031)
8.2 Europe Parallel Battery Pack Sales Quantity by Application (2020-2031)
8.3 Europe Parallel Battery Pack Market Size by Country
8.3.1 Europe Parallel Battery Pack Sales Quantity by Country (2020-2031)
8.3.2 Europe Parallel Battery Pack Consumption Value by Country (2020-2031)
8.3.3 Germany Market Size and Forecast (2020-2031)
8.3.4 France Market Size and Forecast (2020-2031)
8.3.5 United Kingdom Market Size and Forecast (2020-2031)
8.3.6 Russia Market Size and Forecast (2020-2031)
8.3.7 Italy Market Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Parallel Battery Pack Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Parallel Battery Pack Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Parallel Battery Pack Market Size by Region
9.3.1 Asia-Pacific Parallel Battery Pack Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Parallel Battery Pack Consumption Value by Region (2020-2031)
9.3.3 China Market Size and Forecast (2020-2031)
9.3.4 Japan Market Size and Forecast (2020-2031)
9.3.5 South Korea Market Size and Forecast (2020-2031)
9.3.6 India Market Size and Forecast (2020-2031)
9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
9.3.8 Australia Market Size and Forecast (2020-2031)
10 South America
10.1 South America Parallel Battery Pack Sales Quantity by Type (2020-2031)
10.2 South America Parallel Battery Pack Sales Quantity by Application (2020-2031)
10.3 South America Parallel Battery Pack Market Size by Country
10.3.1 South America Parallel Battery Pack Sales Quantity by Country (2020-2031)
10.3.2 South America Parallel Battery Pack Consumption Value by Country (2020-2031)
10.3.3 Brazil Market Size and Forecast (2020-2031)
10.3.4 Argentina Market Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Parallel Battery Pack Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Parallel Battery Pack Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Parallel Battery Pack Market Size by Country
11.3.1 Middle East & Africa Parallel Battery Pack Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Parallel Battery Pack Consumption Value by Country (2020-2031)
11.3.3 Turkey Market Size and Forecast (2020-2031)
11.3.4 Egypt Market Size and Forecast (2020-2031)
11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
11.3.6 South Africa Market Size and Forecast (2020-2031)
12 Market Dynamics
12.1 Parallel Battery Pack Market Drivers
12.2 Parallel Battery Pack Market Restraints
12.3 Parallel Battery Pack Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Parallel Battery Pack and Key Manufacturers
13.2 Manufacturing Costs Percentage of Parallel Battery Pack
13.3 Parallel Battery Pack Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Parallel Battery Pack Typical Distributors
14.3 Parallel Battery Pack Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Samsung SDI Co. Ltd.(South Korea)
Panasonic Corporation(Japan)
LG Chem Power(U.S.)
Toshiba Corporation(Japan)
Hitachi Chemical(Japan)
Automotive Energy Supply Corporation(Japan)
GS Yuasa International Ltd.(Japan)
Johnson Controls(U.S.)
Shenzhen BAK Battery(China)
Future Hi-Tech Batteries Limited(India)
BYD(China)
Tianjin Lishen Battery(China)
Amperex Technology(Hong Kong)
Hunan Shanshan Toda Advanced Materials(China)
Pulead Technology Industry(China)
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*If Applicable.
