The report is a comprehensive presentation of trends, forecast and dollar values of global battery market. The global battery market was valued at USD 104.39 billion in 2022 and is expected to reach USD 382.9 billion in 2030, with a CAGR of 15.42% during the forecast period 2023-2030.
Technological advancements are another key trend shaping the global market. Innovations in battery chemistries, such as lithium-ion, solid-state, and next-generation lithium-sulfur batteries, are improving energy density, charging speed, and lifespan, making batteries more suitable for a broader range of applications.
Asia-Pacific is expected to dominate the battery market, with most of the demand coming from China, India, Japan, and South Korea. Vehicles with internal combustion engine (ICE) technology were the only types preferred earlier. However, technology has now been shifting toward electric vehicles (EVs) due to growing environmental concerns.
By application, automotive batteries segment is estimated to contribute the highest market share of 38.12% in 2024, due to rising electric vehicle production and emerging mobility trends. Global commitments to reduce vehicle emissions and dependence on fossil fuels are accelerating the electrification of automotive powertrains.
Find your preferred language : How big is the Battery Market ? The global Battery Market size is estimated to be valued at USD 128.52 billion in 2024 and is expected to reach USD 401.29 billion in 2031. What is the CAGR of global battery market during the forecast period (2024-2031)?
Global battery market growth is driven by increasing demand for EVs and energy storage systems across the globe. Lithium-ion batteries continue to dominate the transportation and stationary storage applications due to their high energy density.
Mordor Intelligence™ provides a comprehensive analysis of the battery market, including a market forecast outlook and a historical overview. Industry analysis shows promising trends in the market, with a positive industry outlook.
Global Battery Market by Type (Primary Battery, Secondary Battery) Market by Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-cadmium Battery, Nickel Metal Hydride Battery, Nickel …
Battery technology market in Asia Pacific in 2021 with high levels of government funding, presence of key ventures, and established battery manufacturers such as modern Amperex …
In the January-June period, global battery consumption for electric vehicles (EVs) totaled 364.6 GWh, up 22.3 percent from 298.1 GWh in the same period last year, according to data released today by South Korean …
Lead-acid batteries accounted for the largest share of the global market in 2021, and – although they will be overtaken by lithium-ion batteries by the end of 2022 – will remain a major source …
Global Battery Technology Market is expected to hit a worth of USD 250 billion at a CAGR of 4.5% from the forecast period of 2024 to 2034 | Data Analysis by FMI. Login . MENU ... Lead …
The global electric vehicle (EV) battery market size was valued at USD 59.06 billion in 2023 and is projected to grow from USD 67.78 billion in 2024 to USD 111.20 billion by …
Battery Market Size and Trends. Global battery market is estimated to be valued at US$ 128.52 billion in 2024 and is expected to reach US$ 401.29 billion by 2031, exhibiting a compound …
Size of the global battery market from 2018 to 2021, with a forecast through 2030, by technology (in million U.S. dollars) [Graph], Inkwood Research, September 9, 2022. [Online].
US Foreign Trade in Batteries $323.44. Table | BATTERY FOREIGN TRADE. Imports $323.44. Table | CHART III-8 US BATTERY IMPORTS BY SOURCE, 2015. ... Table | CHART VI-1 US …
For example, according to the "Council on Foreign Relations", China''s military modernization program in which the country spent US$ 17.5 billion in defense sector is going to drive the …
Market share is a critical metric for businesses, providing insights into their competitive position within an industry or market segment. It reflects the portion of total sales …
Furthermore, favorable government regulations which are designed to generate investments from public-private partnerships and foreign direct investments (FDI) are estimated to fuel lead acid battery demand till 2030. Key Companies & …
Size of the global battery market from 2018 to 2021, with a forecast through 2030, by technology (in million U.S. dollars) [Graph], Inkwood Research, September 9, 2022. …
In 2022, over 70% of battery cells were installed in the mobility sector (vehicles have a much larger battery installed compared to 3C applications). With increasing demand and thus emerging scales of production, the average cell …
The majority of battery demand for EVs today can be met with domestic or regional production in China, Europe and the United States. However, the share of imports remains relatively large in …
Global Battery Market by Type (Primary Battery, Secondary Battery) Market by Technology (Lead-acid Battery, Lithium-ion Battery, Nickel-cadmium Battery, …
This share was over 90% in Norway, and in China, it was almost 40%. In the chart below, you can explore these trends across the world. Here, "electric cars" include fully battery-electric …
Battery Market Size & Trends. The global battery market size was estimated at USD 134,622.4 million in 2024 and is projected to grow at a CAGR of 16.4% from 2025 to 2030. The …
The majority of battery demand for EVs today can be met with domestic or regional production …
In the January-June period, global battery consumption for electric vehicles (EVs) totaled 364.6 GWh, up 22.3 percent from 298.1 GWh in the same period last year, according …
For instance, Contemporary Amperex Technology Co., Limited (CATL) has the highest EV battery market share of 30%, while Duracell leads the primary battery market with a 37% market …
The Solar Battery Market size was valued at USD 209.12 Million in 2023 and the total Solar Battery revenue is expected to grow at a CAGR of 16% from 2024 to 2030, reaching nearly USD 591.03 Million. Solar Battery Market Overview: A …