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Kokam

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uuid000eksa

Namestring
Kokam
Legal namestring
Kokam Co., Ltd.
Websiteurl
kokam.com
Company typeenum
Private
Founded yearint
1989
Descriptiontext

Kokam Co., Ltd. is a South Korea-based lithium-ion battery technology company founded in 1989 and headquartered in Suwon. It manufactures high-energy-density lithium-ion battery cells, components, and thermal management systems targeted at electric and hybrid-electric aviation, battery-electric regional railways, military/defense applications, marine, industrial, and stationary energy storage system (ESS) use cases. Its reported differentiation lies in application-specific thermal management for safety-critical verticals, exemplified by battery-electric train propulsion systems for regional railway electrification.

The firm operates as a private, specialty hardware supplier with 251-500 employees. Its revenue model centers on direct sales of battery hardware to OEMs and operators across aviation (primary segment), railway, and military defense, with additional exposure to EV, marine, aerospace, industrial, and stationary ESS markets. It is positioned in 2025-2026 industry market reports as a major industry player alongside larger incumbents EnerSys, Saft Groupe SA, GS Yuasa Corporation, and Teledyne Technologies, suggesting a niche but recognized role in the aircraft-battery segment rather than a mass-market EV play.

Kokam's go-to-market is vertical-focused, prioritizing domain specialization over volume scale. Pricing is not publicly disclosed. Corporate ownership, management team beyond founder J. HONG, funding cadence beyond a 2011 round backed by IMM Investment and Korea Investment Partners, and detailed product/partnership information are not present in the source data, representing material gaps for due diligence. The SolarEdge Energy Storage Division closure announcement of November 27, 2024 appears in the same data context and may bear on upstream channel or ownership dynamics, but no explicit link is confirmed by the provided sources.

Short descriptiontext

Kokam Co., Ltd. is a South Korea-based lithium-ion battery manufacturer founded in 1989 producing high-energy-density cells and thermal management systems for aviation, railway electrification, defense, marine, industrial, and energy storage applications.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
251–500
akta.pro rankint
HeadquartersSuwon, South Korea
HQ citystring
Suwon
HQ countrystring
South Korea
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
lithium-ion batteries, energy storage systems, battery cell manufacturing, aerospace battery systems, industrial battery solutions
Industry4 codes
1Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH)
CodeIMAGAHAAPrimaryYes
2Battery Modules & Packs (Industrial/Commercial pack assembly)
CodeIMAGAHABPrimaryNo
3Battery Pack & Module Manufacturing (EV)
CodeIMACACAAPrimaryNo
4Battery Pack Manufacturing & Module Assembly
CodeEUAFABAIPrimaryNo
NAICS code2 codes
  • Battery Manufacturing33591
  • Electrical Equipment Manufacturing3353
SIC code2 codes
  • Electronic & Other Electrical Equipment (No Computer Equip)3600
  • Electrical Industrial Apparatus3620
Product category
Lithium-ion Battery Manufacturing
Social media profiles2 records
Revenue model1 record
1Battery hardware sales
TypeHardware Sales
Description

Kokam generates revenue through the manufacture and sale of lithium-ion batteries for aviation, railway, UAV/drone, and energy storage applications.

industrytoday.co.uk
Cost components6 values
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Kokam Co., Ltd. manufactures high-energy-density lithium-ion battery cells and packs for electric vehicles, marine vessels, aerospace platforms, industrial equipment, and energy storage systems. The company supplies lithium-ion battery components for battery-electric railway propulsion applications, including advanced thermal management systems used in regional train electrification projects. Its products are positioned in the aviation battery market alongside major suppliers such as EnerSys, Saft Groupe SA, GS Yuasa, and Teledyne Technologies, supporting aircraft electrification, UAV/drone, and defense battery programs.

Differentiator
Functional benefit
Problem solved
Product and service4 records
1Aviation Lithium-ion Battery Systems
CategoryAerospace Batteries
Description

Lithium-ion battery cells and packs designed for electric and hybrid-electric aircraft, supporting aviation electrification programs. The product line is positioned alongside suppliers such as EnerSys, Saft Groupe SA, GS Yuasa, and Teledyne Technologies in the aviation battery market, and is intended for aircraft OEMs and tier-1 integrators seeking aviation-grade energy storage.

2Defense Battery Systems
CategoryDefense Batteries
Description

Lithium-ion battery systems engineered for defense platforms, supporting advanced defense battery applications with high energy density and ruggedized performance. Targeted at defense agencies and defense prime contractors requiring reliable power for mission-critical equipment.

3UAV / Drone Battery Systems
CategoryUAV / Drone Batteries
Description

Lithium-ion battery solutions tailored for unmanned aerial vehicles and drones, providing high energy density and lightweight power for long-duration flight missions. Targeted at UAV manufacturers and drone integrators.

4Railway Battery-Electric Propulsion Systems
CategoryRailway Batteries
Description

Lithium-ion battery components and thermal management systems used to power battery-electric regional trains, including deployment in the Hitachi Caravaggio ETR 521 battery-electric train. Targeted at regional railway operators and rolling stock manufacturers modernizing non-electrified or partially electrified rail lines.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

EnerSys is a global industrial battery manufacturer explicitly named alongside Kokam as a major player in the aircraft electrification battery market. Both serve aviation, defense, and industrial customers with high-reliability energy storage solutions.

TypeDirect peer
Description

Saft is a French specialty battery maker explicitly named alongside Kokam in the aircraft battery market. Both serve aviation, rail, defense, and industrial customers with high-energy-density lithium-ion solutions.

TypeDirect peer
Description

GS Yuasa is a Japanese battery manufacturer explicitly named alongside Kokam in the aircraft electrification battery market. Both companies target aviation, automotive, and industrial energy storage customers.

TypeDirect peer
Description

Teledyne is explicitly named alongside Kokam as a major player in the aircraft battery market, with overlapping exposure to defense, aerospace, and industrial lithium-ion battery applications.

TypeBroad incumbent
Description

LG Energy Solution is a Korean battery giant and broad incumbent in the same lithium-ion battery space as Kokam. While primarily focused on EV cells at massive scale, LGES increasingly targets ESS and specialty applications overlapping with Kokam's portfolio.

TypeBroad incumbent
Description

Samsung SDI is a Korean battery incumbent producing Li-ion cells and packs for automotive, ESS, and small-format applications. Its scale and automotive OEM relationships make it a broad incumbent competitor to Kokam in EVs and ESS.

TypeDirect peer
Description

EaglePicher is a US specialty battery manufacturer focused on aerospace, defense, and aviation applications, directly comparable to Kokam's aviation and defense battery positioning.

TypeEmerging player
Description

Amprius is an emerging player developing silicon-anode lithium-ion batteries for aviation and defense. It competes with Kokam in the same aviation electrification niche but at a smaller scale with differentiated cell chemistry.

TypeBroad incumbent
Description

CATL is the world's largest battery manufacturer and a broad incumbent across automotive, ESS, and increasingly aviation applications. Its scale and pricing power represent the dominant competitive threat to specialty players like Kokam.

TypeBroad incumbent
Description

SK On is a Korean battery incumbent serving global automotive OEMs with Li-ion cells and packs. While primarily automotive-focused, SK On's scale and Korean base put it in direct competition with Kokam for cell and pack programs.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Kokam

Lithium-ion Battery Manufacturingkokam.com

Kokam Co., Ltd. is a South Korea-based lithium-ion battery manufacturer founded in 1989 producing high-energy-density cells and thermal management systems for aviation, railway electrification, defense, marine, industrial, and energy storage applications.

What Kokam does

Kokam Co., Ltd. is a South Korea-based lithium-ion battery technology company founded in 1989 and headquartered in Suwon. It manufactures high-energy-density lithium-ion battery cells, components, and thermal management systems targeted at electric and hybrid-electric aviation, battery-electric regional railways, military/defense applications, marine, industrial, and stationary energy storage system (ESS) use cases. Its reported differentiation lies in application-specific thermal management for safety-critical verticals, exemplified by battery-electric train propulsion systems for regional railway electrification.

The firm operates as a private, specialty hardware supplier with 251-500 employees. Its revenue model centers on direct sales of battery hardware to OEMs and operators across aviation (primary segment), railway, and military defense, with additional exposure to EV, marine, aerospace, industrial, and stationary ESS markets. It is positioned in 2025-2026 industry market reports as a major industry player alongside larger incumbents EnerSys, Saft Groupe SA, GS Yuasa Corporation, and Teledyne Technologies, suggesting a niche but recognized role in the aircraft-battery segment rather than a mass-market EV play.

Kokam's go-to-market is vertical-focused, prioritizing domain specialization over volume scale. Pricing is not publicly disclosed. Corporate ownership, management team beyond founder J. HONG, funding cadence beyond a 2011 round backed by IMM Investment and Korea Investment Partners, and detailed product/partnership information are not present in the source data, representing material gaps for due diligence. The SolarEdge Energy Storage Division closure announcement of November 27, 2024 appears in the same data context and may bear on upstream channel or ownership dynamics, but no explicit link is confirmed by the provided sources.

Kokam firmographics

Firmographics
Name
Kokam
Legal name
Kokam Co., Ltd.
Website
https://kokam.com
Company type
Private
Founded year
1989
Operating status
Operating
Headcount range
251–500 employees
Short description
Kokam Co., Ltd. is a South Korea-based lithium-ion battery manufacturer founded in 1989 producing high-energy-density cells and thermal management systems for aviation, railway electrification, defense, marine, industrial, and energy storage applications.
Ownership category
akta.pro rank

Kokam industry classification

Industry
Product category
Lithium-ion Battery Manufacturing
NAICS
Battery Manufacturing (33591), Electrical Equipment Manufacturing (3353)
SIC
Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)
akta.pro primary industry
Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)
akta.pro secondary industries
Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack & Module Manufacturing (EV) (IMACACAA), Battery Pack Manufacturing & Module Assembly (EUAFABAI)

Keywords

  • Lithium-ion batteries
  • Energy storage systems
  • Battery cell manufacturing
  • Aerospace battery systems
  • Industrial battery solutions

Where Kokam is headquartered

Location

Headquarters

HQ city
Suwon
HQ country
South Korea
HQ region
Asia

Markets served

Kokam business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

  1. Battery hardware sales: Kokam generates revenue through the manufacture and sale of lithium-ion batteries for aviation, railway, UAV/drone, and energy storage applications.

Kokam product offering

Product offering

Core offering

Kokam Co., Ltd. manufactures high-energy-density lithium-ion battery cells and packs for electric vehicles, marine vessels, aerospace platforms, industrial equipment, and energy storage systems. The company supplies lithium-ion battery components for battery-electric railway propulsion applications, including advanced thermal management systems used in regional train electrification projects. Its products are positioned in the aviation battery market alongside major suppliers such as EnerSys, Saft Groupe SA, GS Yuasa, and Teledyne Technologies, supporting aircraft electrification, UAV/drone, and defense battery programs.

Differentiator

Problem solved

Functional benefit

Products and services

  • Aviation Lithium-ion Battery Systems Lithium-ion battery cells and packs designed for electric and hybrid-electric aircraft, supporting aviation electrification programs. The product line is positioned alongside suppliers such as EnerSys, Saft Groupe SA, GS Yuasa, and Teledyne Technologies in the aviation battery market, and is intended for aircraft OEMs and tier-1 integrators seeking aviation-grade energy storage.
  • Defense Battery Systems Lithium-ion battery systems engineered for defense platforms, supporting advanced defense battery applications with high energy density and ruggedized performance. Targeted at defense agencies and defense prime contractors requiring reliable power for mission-critical equipment.
  • UAV / Drone Battery Systems Lithium-ion battery solutions tailored for unmanned aerial vehicles and drones, providing high energy density and lightweight power for long-duration flight missions. Targeted at UAV manufacturers and drone integrators.
  • Railway Battery-Electric Propulsion Systems Lithium-ion battery components and thermal management systems used to power battery-electric regional trains, including deployment in the Hitachi Caravaggio ETR 521 battery-electric train. Targeted at regional railway operators and rolling stock manufacturers modernizing non-electrified or partially electrified rail lines.

Companies that use Kokam

Customer profile

Segments3 records

Ideal customer profiles3 records

Kokam technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Kokam partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Kokam competitors and assessment

Company assessment

Direct peers

  • EnerSys: EnerSys is a global industrial battery manufacturer explicitly named alongside Kokam as a major player in the aircraft electrification battery market. Both serve aviation, defense, and industrial customers with high-reliability energy storage solutions.
  • Saft Groupe SA: Saft is a French specialty battery maker explicitly named alongside Kokam in the aircraft battery market. Both serve aviation, rail, defense, and industrial customers with high-energy-density lithium-ion solutions.
  • GS Yuasa Corporation: GS Yuasa is a Japanese battery manufacturer explicitly named alongside Kokam in the aircraft electrification battery market. Both companies target aviation, automotive, and industrial energy storage customers.
  • Teledyne Technologies: Teledyne is explicitly named alongside Kokam as a major player in the aircraft battery market, with overlapping exposure to defense, aerospace, and industrial lithium-ion battery applications.
  • EaglePicher Technologies: EaglePicher is a US specialty battery manufacturer focused on aerospace, defense, and aviation applications, directly comparable to Kokam's aviation and defense battery positioning.

Broad incumbents

  • LG Energy Solution: LG Energy Solution is a Korean battery giant and broad incumbent in the same lithium-ion battery space as Kokam. While primarily focused on EV cells at massive scale, LGES increasingly targets ESS and specialty applications overlapping with Kokam's portfolio.
  • Samsung SDI: Samsung SDI is a Korean battery incumbent producing Li-ion cells and packs for automotive, ESS, and small-format applications. Its scale and automotive OEM relationships make it a broad incumbent competitor to Kokam in EVs and ESS.
  • CATL (Contemporary Amperex Technology): CATL is the world's largest battery manufacturer and a broad incumbent across automotive, ESS, and increasingly aviation applications. Its scale and pricing power represent the dominant competitive threat to specialty players like Kokam.
  • SK On: SK On is a Korean battery incumbent serving global automotive OEMs with Li-ion cells and packs. While primarily automotive-focused, SK On's scale and Korean base put it in direct competition with Kokam for cell and pack programs.

Emerging players

  • Amprius Technologies: Amprius is an emerging player developing silicon-anode lithium-ion batteries for aviation and defense. It competes with Kokam in the same aviation electrification niche but at a smaller scale with differentiated cell chemistry.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Kokam social profiles

Digital presence

Kokam financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Kokam leadership team

Management profile

Number of profiles

Profiles1 record

Kokam funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Kokam M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kokam

What does Kokam do?

Kokam Co., Ltd. manufactures high-energy-density lithium-ion battery cells and packs for electric vehicles, marine vessels, aerospace platforms, industrial equipment, and energy storage systems. The company supplies lithium-ion battery components for battery-electric railway propulsion applications, including advanced thermal management systems used in regional train electrification projects. Its products are positioned in the aviation battery market alongside major suppliers such as EnerSys, Saft Groupe SA, GS Yuasa, and Teledyne Technologies, supporting aircraft electrification, UAV/drone, and defense battery programs.

Is Kokam a public or private company?

Kokam is a private company. It is classified as venture growth investor backed and is currently operating.

When was Kokam founded?

Kokam was founded in 1989. It employs 251 to 500 people.

Where is Kokam based?

Kokam is headquartered in Suwon, South Korea, in the Asia region.

How does Kokam make money?

One revenue line is on record: battery hardware sales.

Who are Kokam's main competitors?

Direct peers on record are EnerSys, Saft Groupe SA, GS Yuasa Corporation, Teledyne Technologies and EaglePicher Technologies. Broad incumbents are LG Energy Solution, Samsung SDI, CATL (Contemporary Amperex Technology) and SK On. Amprius Technologies is listed as an emerging player.

Does Kokam have an API?

No public API is recorded for Kokam.

What industry is Kokam in?

Kokam's product category is Lithium-ion Battery Manufacturing. Its primary akta.pro industry code is IMAGAHAA, Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH), with a secondary code of IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly). Its NAICS code is 33591 and its SIC code is 3600.

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Live signals
Industry TodayAircraft Battery Market Size to Reach US$ 2 Billion by 2031 at 10.7% CAGRThe Insight Partners projects the global aircraft battery market to reach US$ 2 billion by 2031, growing at a compound annual growth rate of 10.7% from 2025 to 2031, driven by increasing adoption of lithium-ion batteries, development of electric and hybrid-electric aircraft, and demand for lightweight, fuel-efficient aviation power systems. The report identifies North America as holding the largest market share currently, while Asia Pacific is expected to register the fastest growth due to expanding commercial aviation fleets and rising defense budgets in China, India, and Japan. Major industry players including EnerSys, Saft Groupe SA, Kokam, GS Yuasa Corporation, and Teledyne Technologies are positioned to benefit from the anticipated market expansion as the aviation industry accelerates toward aircraft electrification.PR NewswireKokam поставляет аккумуляторную систему хранения энергии (Energy Storage System) компании Electricité De Tahiti: Virtual Synchronous Generator (VSG) для декарбонизации производства электроэнергииKokam Co., Ltd. has secured a contract to supply a 15 MW / 10.4 MWh Battery Energy Storage System (BESS) with Virtual Synchronous Generator technology to Electricité de Tahiti (EDT). This installation serves as the first of its kind in Tahiti, designed to replace diesel spinning reserves and reduce fuel costs by approximately €1.25 million annually while supporting decarbonization efforts in French Polynesia.PR NewswireKokam liefert Batteriespeichersystem an Electricité De Tahiti: Virtueller Synchrongenerator (VSG) zur Dekarbonisierung der StromerzeugungKokam Co., Ltd, a subsidiary of SolarEdge Technologies, has signed a contract to supply a 15MW/10.4MWh battery energy storage system with an integrated 20MVar STATCOM to Electricité de Tahiti (EDT), a subsidiary of ENGIE, to serve as Tahiti's first Virtual Synchronous Generator replacing diesel generators in the grid reserve. The system is expected to reduce fuel costs by up to €1.25 million annually while enabling greater renewable energy integration and grid strengthening. This contract supports EDT's goal of decarbonizing electricity generation and advancing carbon neutrality in French Polynesia.PR NewswireKokam approvisionne Électricité de Tahiti avec un nouveau système de stockage d'énergie par batterie (Energy Storage System) : le Virtual Synchronous Generator décarbone la production d'électricitéKokam Co., Ltd, a subsidiary of SolarEdge Technologies, signed an agreement with Electricité de Tahiti (EDT), a subsidiary of ENGIE, to supply a 15 MW/10.4 MWh battery energy storage system serving as Tahiti's first Virtual Synchronous Generator. The system will replace diesel spinning reserve generators and is expected to reduce EDT's fuel costs by approximately 1.25 million euros annually while increasing renewable energy integration and grid reliability in French Polynesia.PR NewswireKokam Supplies Battery Energy Storage System to Electricité De Tahiti: Virtual Synchronous Generator to Help Decarbonize Electricity GenerationKokam Co., Ltd, a subsidiary of SolarEdge Technologies, has entered into a contract to supply Electricité de Tahiti (EDT) with a 15MW/10.4MWh Battery Energy Storage System that will serve as Tahiti's first Virtual Synchronous Generator. The system, featuring an integrated 20Mvar STATCOM, will replace spinning reserve diesel generators to reduce diesel fuel consumption, enable more renewable energy integration, and strengthen the grid, with projected fuel cost savings of approximately €1.25 million per annum. EDT, a subsidiary of ENGIE, stated the VSG technology supports its goal to decarbonize electricity production and contribute to carbon neutrality in French Polynesia.PR NewswireKokam presenta un nuevo sistema de baterías para el mercado internacional de los SAIKokam Co., Ltd, a subsidiary of SolarEdge, announced on August 31, 2020 the launch of an advanced battery system for uninterruptible power supply (UPS) applications, featuring innovative cell technology with a maximum power of 8C and up to 46% smaller size and 20% lighter weight than conventional lead-acid systems. The new battery system targets demanding facilities such as data centers, banks, and semiconductor factories, offering up to 40% lower total cost of ownership. Kokam is now accepting pre-orders for the system, positioning itself to capitalize on growing demand driven by increasing data centers and grid stability concerns.PR NewswireKokam führt ein neues Batteriespeicher-System für den weltweiten USV-Markt einKokam Co., Ltd., a subsidiary of SolarEdge, announced the launch of a new battery storage system for the uninterruptible power supply (UPS) market, featuring a C-rate of 8 and high output power designed for facilities that cannot afford power outages. The system offers up to 46% smaller footprint, up to 20% lighter weight, and up to 40% lower total operating costs compared to traditional lead-acid batteries, targeting data centers, banks, and semiconductor factories. Kokam is now accepting pre-orders for the new UPS battery system.PR NewswireAsia-Pacific Lithium-ion Battery Markets, 2018-2019 & Forecast to 2025Research and Markets announced the addition of the "Asia-Pacific Lithium-ion Battery Market, Forecast to 2025" report to their research offerings, covering demand across Japan, South Korea, Taiwan, Southeast Asian countries, Australia, and New Zealand from 2018 to 2025. The report examines lithium-ion battery revenues from consumer, industrial, and automotive applications, highlighting key manufacturers including Samsung SDI, LG Chem, SK Innovation, Panasonic Corporation, and Kokam. Growth drivers identified include increasing smartphone adoption, expansion of industrial applications, and rising electric vehicle penetration supported by supportive government policies across APAC countries.PR NewswireGlobal Military Battery IndustryA market research report on the Global Military Battery Industry was released, projecting the Land segment to reach over US$1.2 Billion by 2025 with growth driven by major economies like China and the United States. The study identifies key competitors in the sector, including Arotech Corporation, EnerSys, Inc., Saft Groupe SA, and Kokam Co., Ltd., among others. It provides detailed forecasts for market shares and demand across various regions and platforms through 2025.PR NewswireGlobal Battery Market for Energy Storage Systems (ESS) Markets to 2023 - Increased Adoption of Microgrids / Declining Costs of Battery Storage Systems / Advances in Battery ESS TechnologiesResearch and Markets has published a market research report projecting that the global battery market for energy storage systems (ESS) will grow at a compound annual growth rate (CAGR) of nearly 3% by 2023, driven by increasing demand for power backup across commercial and industrial sectors. The report identifies key growth drivers including rising solar PV installations and declining battery costs, while noting that stringent regulations against lead pollution pose a barrier to lead-acid battery adoption. The competitive landscape features several major vendors including BYD, Kokam, LG Chem, NGK Insulators, and Samsung SDI.