DUBLIN, Oct. 20, 2023 /PRNewswire/ -- The "Battery - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Battery Market to Reach $322.2 Billion by 2030
The global market for Battery estimated at US$112.9 Billion in the year 2022, is projected to reach a revised size of US$322.2 Billion by 2030, growing at a CAGR of 14% over the analysis period 2022-2030.
Lead Acid, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$60.2 Billion by the end of the analysis period. Growth in the Lithium Ion segment is estimated at 20.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $17.7 Billion, While China is Forecast to Grow at 16.1% CAGR
The Battery market in the U.S. is estimated at US$17.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$76.3 Billion by the year 2030 trailing a CAGR of 16.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.2% and 13.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.1% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- As Indispensable Power Source, Significance of Batteries Continues to Grow in the Modern World
- What is a Battery?
- Evolution of Battery over the Years: A Snapshot
- Pandemic Impact and Global Economic Update
- From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
- Here's How Inflationary Pressures Affect the Economy
- Supply Chain Disruptions Impact Battery Materials Market Prospects
- COVID-19 Pandemic Drives Europe to Fortify All Sections of Battery Value Chain
- Energy-Storage Materials for Li-Ion Batteries Face COVID-19 Headwinds
- Global Market Outlook
- Performance, Sustainability & Independence Trending Big in Battery Industry
- Asia-Pacific to Experience Favorable Growth
- Regionalization of Supply Chains
- Competition
- Li-ion Battery - Global Key Competitors Percentage Market Share in 2023 (E)
- Leading EV Battery Manufacturers Worldwide (in %) for 2023E
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Li-ion Battery Registers Strong Growth with Expanding Applications in Consumer Electronics, Electric Vehicles and Energy Storage Sectors
- A Comparative Review of Key Properties of Different Li-ion Batteries
- Existing and Emerging Applications of Lithium-Ion Batteries
- China Dominates Li-ion Battery Production, US and Europe Make Efforts to Gain Strong Position
- Global Li-ion Battery Manufacturing Capacity (in GWh) for the Years 2019, 2022 and 2025
- Global Li-ion Battery Market Production Capacity Share Breakdown by Region/Country for 2020 and 2030
- Global Li-ion Battery Production Capacity Pipeline in GWh for 2020 and 2030
- Leading Li-ion Battery Mega Factories Worldwide: Ranked by Storage Capacity in GWh Per Annum
- Robust Outlook for EVs Opens New Avenues of Growth for EV Batteries
- Pandemic Impact on EVs and Prospects for Battery Technologies
- Global Electric Vehicle Sales % Change in 2020
- Electric Micromobility Rises in Prominence Amid Covid-19 Pandemic
- Global Electric Passenger Car Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
- Global Electric Heavy Duty Vehicles Stock (In Million Units) for the Years 2017, 2018, 2019, 2020 & 2025P
- Global Automakers Focus on Securing Raw Materials for EVs
- Projected Demand for Metals and Minerals from Li-ion Battery Packs Used in Passenger EVs by Type for the Years 2025 and 2030 (In Thousand Metric Tons)
- Rising Sales of Electric Buses Bolsters Demand for Li-ion Batteries
- Shortfall of Raw Materials to Augment Cost of EV Batteries
- Li-Ion Battery Cell & Pack Price (in $ per kWh) for the Years 2015-2023
- Amazing Array of Trends Charging Up EV Battery Space
- Tweaks in EV Battery Chemistry & Policy Boost as Hallmarks of Evolving Battery Domain
- Major Players Operating in the EV Battery Space
- Production of Electric Cars Set to Increase Focus on Battery Recycling
- Global Li-ion Battery Recycling Market Share Breakdown by Region/Country for 2022
- Li-ion Batteries Emerge as the Dominant Technology for Grid-Scale Energy Storage
- Comparison of Key Features for NaS Battery, Lithium-ion Battery, and Flow Battery Technologies
- Rapid Growth of Renewable Energy Market Drives Opportunities
- Global Cumulative PV Capacity Additions in GW: 2018, 2020, 2022, 2024, 2026
- Increase in Offshore Wind Installations Presents New Opportunities: Global Offshore Wind Net Capacity Additions (In GW) for The Years 2018-2022
- Li-ion Solar Batteries Hold an Edge over Lead Acid Batteries for Residential Solar Customers
- Key Trends Driving the Battery Energy Storage Systems Market
- Emerging Trends & Developments to Watch-For in Energy Storage
- Buzzing Technologies with Potential to Shift Boundaries of Battery Industry
- Trends Making Energetic Splash in Home Battery Storage Market
- Rapid Proliferation of Smart Homes Bodes Well for Battery Uptake
- Driven by Focus on Convenience, Comfort and Energy Savings, the Rising Proliferation of Smart Homes Presents Steady Growth Opportunities for Batteries Market
- New Battery Chemistry and Modularity at the Forefront of Innovations in UPS Systems
- Battery Management Gains Precedence
- Backup Power Demand Gives Special Thrust to Lead-Acid Batteries amid COVID-19
- Graphene Holds the Potential to Enhance Attributes of Li-ion Batteries
- Smart UPS Systems Built on Li-Ion Batteries Present Exciting Opportunities for Data Centers to Leverage Stored, Unused Energy
- Increasing Adoption of Li-ion Batteries in Data Centers
- Complex Infrastructure and Scale of Modern Data Centers Necessitates Energy Storage: Potential for Flow Batteries
- Demand for Portable Batteries Set to Rise in Tandem with Expansion of Portable Applications
- Li-ion Batteries Offer Support for Industrial Applications
- Increased Preference for Li-ion Batteries by Motorcycle Manufacturers Due to High Resistivity to Drive the Market Growth
- Dynamics in the Consumer Batteries Space
- Growing Demand for Mobile Computing Devices To Spur Demand
- World Consumer Li-Ion Rechargeable Battery Market by Application (2023E): Percentage Breakdown of Volume Shipments for Mobile Phone, Notebook PC, Tablet PC and Others
- Widespread Use of Li-ion Batteries in Smartphones
- Li-ion Batteries Gain Momentum in Wearable Devices
- Demand for Smart Batteries Pushes Up the Importance of Battery Fuel Gauge ICs
- The Rise of Drones Spurs Demand for Drone Batteries
- Advanced Batteries for UAV Drones
- Global Number of Commercial Drones (In Units) for Years 2020, 2022, 2024 & 2026
- Nickel Cadmium Batteries: Declining Demand Deters Market Prospects
- Decelerating Demand Deters Nickel Metal Hydride Batteries Segment
- Flow Batteries Gain Demand
- Smart Grids Elevate the Prospects for Flow Batteries
- Pandemic Impact on the Vanadium Redox Battery Market
- Vanadium Flow Batteries: Unveiling the Much Needed Energy Storage Breakthrough
- Next Generation Advanced Batteries to Witness Rapid Growth as Industry Focuses on Sustainability
- Lithium Polymer Battery Attracts Growth
- Lithium Sulphur Batteries Demand to Accelerate
- Lead-Acid Batteries Remain Central to the Automotive Industry
- Short Life of Lead Acid Batteries & Growing Vehicle PARC Fuels Opportunities for Aftermarket Batteries
- Auto Production Halts Induced by Chip Shortages Hobbles Much Awaited Recovery
- World Automobile Production in Million Units: 2008-2022
- Rising Share of Electronics in Automobiles to Augment Demand
- Growing Significance of Solid-State Batteries Over Traditional Lithium-ion Battery Systems to Drive the Market Growth
- Solid-State Technology Seeks Role in EV Domain
- Notable Battery Trends Poised to Transform Marketplace
- Next-Generation Battery Technologies Creating a Roadmap for Tomorrow
- Battery Chemistry Improvements Augment Innovations & Advancements
- Researchers Aim to Develop Advanced Li-Ion Batteries for Electric Vehicles
- Inadequacies of Electrolyte-based Li-Ion Battery Cells Prompt New R&D Investments
- Stanford Researchers Focus on Battery Technology
- Select Battery Innovations and Developments
- Dynamics in Battery Materials Space to Shape Trends in Battery Market
- Opportunities and Challenges of Sustainable Battery Production
- Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
- Rapid Growth in Urban Households
- World Urban Population in Millions: 1950-2050
- Growing Affluence of Middle Class Consumer Segment
- Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
- Rising Living Standards
FOCUS ON SELECT PLAYERS (Total 328 Featured)
- A123 Systems LLC
- Banpu Public Company Limited
- BYD Company Ltd.
- Contemporary Amperex Technology Co. Ltd.
- Duracell Inc.
- EnerDel, Inc.
- Eveready Industries India Ltd.
- Exide Technologies, Inc.
- GS Yuasa International Ltd.
- Hitachi High-Tech Corporation
- Johnson Controls International PLC
- LG Chem Ltd.
- NEC Corporation
- Panasonic Corporation
- Robert Bosch GmbH
- Saft Groupe SA
- Samsung SDI Co., Ltd.
- Sony Corporation
- Tesla, Inc.
- Toshiba Corporation
- Trojan Battery Company
For more information about this report visit https://www.researchandmarkets.com/r/pxa3hn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
![](https://rt.prnewswire.com/rt.gif?NewsItemId=IO44222&Transmission_Id=202310201130PR_NEWS_USPR_____IO44222&DateId=20231020)
Share this article