Ranking of Myanmar local energy storage battery companies

Will lithium-ion battery market grow in Myanmar?

The automotive segment is expected to witness significant growth during the forecast period, owing to the increasing demand for new vehicles produced in the country. Potential growth of lithium-ion batteries in electric vehicle (EV) market is expected to create immense opportunities for the Myanmar battery market in the coming years.

Does Myanmar have a battery market?

Myanmar's battery market depends majorly on automotive application segment. With the COVID-19 pandemic in 2020, the market witnessed a significant decrease in sales. According to the Automotive Association of Myanmar, in 2019, new vehicle sales amounted to 21,916 vehicles, with an increase of about 25% compared to 2018 (sales of 17,524 vehicles).

What is the outlook for Myanmar battery market in 2021 – 2026?

The Myanmar battery market is expected to register a CAGR of greater than 1.5% during the forecast period of 2021 – 2026. Myanmar's battery market depends majorly on automotive application segment. With the COVID-19 pandemic in 2020, the market witnessed a significant decrease in sales.

Who are the major players in Myanmar battery market?

The Myanmar battery market is consolidated. Some of the major players include Siam GS Battery Myanmar Limited, Schneider Electric SE, Toyo Battery Myanmar Co. Ltd, and Panasonic Corporation. Myanmar fourth mobile operator Mytel, in August 2019, announced the launch of its first 5G network in Myanmar.

What are the energy units used in Myanmar?

The existing installed capacity is also included in the questionnaire in megawatts (MW). The Myanmar EBT 2000–2016 adopted the energy unit of ton of oil equivalent (toe). One unit of toe is defined as 107 kl (41.868 GJ). There are two heat values: one is NCV and the other is gross calorific value (GCV).

Does Myanmar have energy statistics?

Myanmar also acknowledges electricity as the main power source driving economic development and addresses the need to generate and distribute more power in terms of greater volume, density, and reliability. But, so far, the country does not have national energy statistics, especially energy balance tables.