The global market for Parallel Battery Pack was valued at US$ 257 million in the year 2024 and is projected to reach a revised size of US$ 434 million by 2031, growing at a CAGR of 7.9% during the forecast period.
North American market for Parallel Battery Pack is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Parallel Battery Pack is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of Parallel Battery Pack 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. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Parallel Battery Pack, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Parallel Battery Pack.
The Parallel Battery Pack market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Parallel Battery Pack market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Parallel Battery Pack manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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)
by Type
5-25 Watts
48-95 Watts
18-28 kWh
100-250 kWh
by Application
Consumer Electronics
Automotive
Medical
Grid Energy and Industrial
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Parallel Battery Pack manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Parallel Battery Pack by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Parallel Battery Pack in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Parallel Battery Pack Market Overview
1.1 Product Definition
1.2 Parallel Battery Pack by Type
1.2.1 Global Parallel Battery Pack Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 5-25 Watts
1.2.3 48-95 Watts
1.2.4 18-28 kWh
1.2.5 100-250 kWh
1.3 Parallel Battery Pack by Application
1.3.1 Global Parallel Battery Pack Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Consumer Electronics
1.3.3 Automotive
1.3.4 Medical
1.3.5 Grid Energy and Industrial
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Parallel Battery Pack Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Parallel Battery Pack Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Parallel Battery Pack Production Estimates and Forecasts (2020-2031)
1.4.4 Global Parallel Battery Pack Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Parallel Battery Pack Production Market Share by Manufacturers (2020-2025)
2.2 Global Parallel Battery Pack Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Parallel Battery Pack, Industry Ranking, 2023 VS 2024
2.4 Global Parallel Battery Pack Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Parallel Battery Pack Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Parallel Battery Pack, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Parallel Battery Pack, Product Offered and Application
2.8 Global Key Manufacturers of Parallel Battery Pack, Date of Enter into This Industry
2.9 Parallel Battery Pack Market Competitive Situation and Trends
2.9.1 Parallel Battery Pack Market Concentration Rate
2.9.2 Global 5 and 10 Largest Parallel Battery Pack Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Parallel Battery Pack Production by Region
3.1 Global Parallel Battery Pack Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Parallel Battery Pack Production Value by Region (2020-2031)
3.2.1 Global Parallel Battery Pack Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Parallel Battery Pack by Region (2026-2031)
3.3 Global Parallel Battery Pack Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Parallel Battery Pack Production Volume by Region (2020-2031)
3.4.1 Global Parallel Battery Pack Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Parallel Battery Pack by Region (2026-2031)
3.5 Global Parallel Battery Pack Market Price Analysis by Region (2020-2025)
3.6 Global Parallel Battery Pack Production and Value, Year-over-Year Growth
3.6.1 North America Parallel Battery Pack Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Parallel Battery Pack Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Parallel Battery Pack Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Parallel Battery Pack Production Value Estimates and Forecasts (2020-2031)
4 Parallel Battery Pack Consumption by Region
4.1 Global Parallel Battery Pack Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Parallel Battery Pack Consumption by Region (2020-2031)
4.2.1 Global Parallel Battery Pack Consumption by Region (2020-2025)
4.2.2 Global Parallel Battery Pack Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Parallel Battery Pack Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Parallel Battery Pack Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Parallel Battery Pack Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Parallel Battery Pack Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Parallel Battery Pack Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Parallel Battery Pack Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Parallel Battery Pack Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Parallel Battery Pack Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Parallel Battery Pack Production by Type (2020-2031)
5.1.1 Global Parallel Battery Pack Production by Type (2020-2025)
5.1.2 Global Parallel Battery Pack Production by Type (2026-2031)
5.1.3 Global Parallel Battery Pack Production Market Share by Type (2020-2031)
5.2 Global Parallel Battery Pack Production Value by Type (2020-2031)
5.2.1 Global Parallel Battery Pack Production Value by Type (2020-2025)
5.2.2 Global Parallel Battery Pack Production Value by Type (2026-2031)
5.2.3 Global Parallel Battery Pack Production Value Market Share by Type (2020-2031)
5.3 Global Parallel Battery Pack Price by Type (2020-2031)
6 Segment by Application
6.1 Global Parallel Battery Pack Production by Application (2020-2031)
6.1.1 Global Parallel Battery Pack Production by Application (2020-2025)
6.1.2 Global Parallel Battery Pack Production by Application (2026-2031)
6.1.3 Global Parallel Battery Pack Production Market Share by Application (2020-2031)
6.2 Global Parallel Battery Pack Production Value by Application (2020-2031)
6.2.1 Global Parallel Battery Pack Production Value by Application (2020-2025)
6.2.2 Global Parallel Battery Pack Production Value by Application (2026-2031)
6.2.3 Global Parallel Battery Pack Production Value Market Share by Application (2020-2031)
6.3 Global Parallel Battery Pack Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Samsung SDI Co. Ltd.(South Korea)
7.1.1 Samsung SDI Co. Ltd.(South Korea) Parallel Battery Pack Company Information
7.1.2 Samsung SDI Co. Ltd.(South Korea) Parallel Battery Pack Product Portfolio
7.1.3 Samsung SDI Co. Ltd.(South Korea) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Samsung SDI Co. Ltd.(South Korea) Main Business and Markets Served
7.1.5 Samsung SDI Co. Ltd.(South Korea) Recent Developments/Updates
7.2 Panasonic Corporation(Japan)
7.2.1 Panasonic Corporation(Japan) Parallel Battery Pack Company Information
7.2.2 Panasonic Corporation(Japan) Parallel Battery Pack Product Portfolio
7.2.3 Panasonic Corporation(Japan) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Panasonic Corporation(Japan) Main Business and Markets Served
7.2.5 Panasonic Corporation(Japan) Recent Developments/Updates
7.3 LG Chem Power(U.S.)
7.3.1 LG Chem Power(U.S.) Parallel Battery Pack Company Information
7.3.2 LG Chem Power(U.S.) Parallel Battery Pack Product Portfolio
7.3.3 LG Chem Power(U.S.) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.3.4 LG Chem Power(U.S.) Main Business and Markets Served
7.3.5 LG Chem Power(U.S.) Recent Developments/Updates
7.4 Toshiba Corporation(Japan)
7.4.1 Toshiba Corporation(Japan) Parallel Battery Pack Company Information
7.4.2 Toshiba Corporation(Japan) Parallel Battery Pack Product Portfolio
7.4.3 Toshiba Corporation(Japan) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Toshiba Corporation(Japan) Main Business and Markets Served
7.4.5 Toshiba Corporation(Japan) Recent Developments/Updates
7.5 Hitachi Chemical(Japan)
7.5.1 Hitachi Chemical(Japan) Parallel Battery Pack Company Information
7.5.2 Hitachi Chemical(Japan) Parallel Battery Pack Product Portfolio
7.5.3 Hitachi Chemical(Japan) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Hitachi Chemical(Japan) Main Business and Markets Served
7.5.5 Hitachi Chemical(Japan) Recent Developments/Updates
7.6 Automotive Energy Supply Corporation(Japan)
7.6.1 Automotive Energy Supply Corporation(Japan) Parallel Battery Pack Company Information
7.6.2 Automotive Energy Supply Corporation(Japan) Parallel Battery Pack Product Portfolio
7.6.3 Automotive Energy Supply Corporation(Japan) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Automotive Energy Supply Corporation(Japan) Main Business and Markets Served
7.6.5 Automotive Energy Supply Corporation(Japan) Recent Developments/Updates
7.7 GS Yuasa International Ltd.(Japan)
7.7.1 GS Yuasa International Ltd.(Japan) Parallel Battery Pack Company Information
7.7.2 GS Yuasa International Ltd.(Japan) Parallel Battery Pack Product Portfolio
7.7.3 GS Yuasa International Ltd.(Japan) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.7.4 GS Yuasa International Ltd.(Japan) Main Business and Markets Served
7.7.5 GS Yuasa International Ltd.(Japan) Recent Developments/Updates
7.8 Johnson Controls(U.S.)
7.8.1 Johnson Controls(U.S.) Parallel Battery Pack Company Information
7.8.2 Johnson Controls(U.S.) Parallel Battery Pack Product Portfolio
7.8.3 Johnson Controls(U.S.) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Johnson Controls(U.S.) Main Business and Markets Served
7.8.5 Johnson Controls(U.S.) Recent Developments/Updates
7.9 Shenzhen BAK Battery(China)
7.9.1 Shenzhen BAK Battery(China) Parallel Battery Pack Company Information
7.9.2 Shenzhen BAK Battery(China) Parallel Battery Pack Product Portfolio
7.9.3 Shenzhen BAK Battery(China) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Shenzhen BAK Battery(China) Main Business and Markets Served
7.9.5 Shenzhen BAK Battery(China) Recent Developments/Updates
7.10 Future Hi-Tech Batteries Limited(India)
7.10.1 Future Hi-Tech Batteries Limited(India) Parallel Battery Pack Company Information
7.10.2 Future Hi-Tech Batteries Limited(India) Parallel Battery Pack Product Portfolio
7.10.3 Future Hi-Tech Batteries Limited(India) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Future Hi-Tech Batteries Limited(India) Main Business and Markets Served
7.10.5 Future Hi-Tech Batteries Limited(India) Recent Developments/Updates
7.11 BYD(China)
7.11.1 BYD(China) Parallel Battery Pack Company Information
7.11.2 BYD(China) Parallel Battery Pack Product Portfolio
7.11.3 BYD(China) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.11.4 BYD(China) Main Business and Markets Served
7.11.5 BYD(China) Recent Developments/Updates
7.12 Tianjin Lishen Battery(China)
7.12.1 Tianjin Lishen Battery(China) Parallel Battery Pack Company Information
7.12.2 Tianjin Lishen Battery(China) Parallel Battery Pack Product Portfolio
7.12.3 Tianjin Lishen Battery(China) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Tianjin Lishen Battery(China) Main Business and Markets Served
7.12.5 Tianjin Lishen Battery(China) Recent Developments/Updates
7.13 Amperex Technology(Hong Kong)
7.13.1 Amperex Technology(Hong Kong) Parallel Battery Pack Company Information
7.13.2 Amperex Technology(Hong Kong) Parallel Battery Pack Product Portfolio
7.13.3 Amperex Technology(Hong Kong) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Amperex Technology(Hong Kong) Main Business and Markets Served
7.13.5 Amperex Technology(Hong Kong) Recent Developments/Updates
7.14 Hunan Shanshan Toda Advanced Materials(China)
7.14.1 Hunan Shanshan Toda Advanced Materials(China) Parallel Battery Pack Company Information
7.14.2 Hunan Shanshan Toda Advanced Materials(China) Parallel Battery Pack Product Portfolio
7.14.3 Hunan Shanshan Toda Advanced Materials(China) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.14.4 Hunan Shanshan Toda Advanced Materials(China) Main Business and Markets Served
7.14.5 Hunan Shanshan Toda Advanced Materials(China) Recent Developments/Updates
7.15 Pulead Technology Industry(China)
7.15.1 Pulead Technology Industry(China) Parallel Battery Pack Company Information
7.15.2 Pulead Technology Industry(China) Parallel Battery Pack Product Portfolio
7.15.3 Pulead Technology Industry(China) Parallel Battery Pack Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Pulead Technology Industry(China) Main Business and Markets Served
7.15.5 Pulead Technology Industry(China) Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Parallel Battery Pack Industry Chain Analysis
8.2 Parallel Battery Pack Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Parallel Battery Pack Production Mode & Process Analysis
8.4 Parallel Battery Pack Sales and Marketing
8.4.1 Parallel Battery Pack Sales Channels
8.4.2 Parallel Battery Pack Distributors
8.5 Parallel Battery Pack Customer Analysis
9 Parallel Battery Pack Market Dynamics
9.1 Parallel Battery Pack Industry Trends
9.2 Parallel Battery Pack Market Drivers
9.3 Parallel Battery Pack Market Challenges
9.4 Parallel Battery Pack Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 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.