IMARC Group’s latest research report, titled “Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the battery market reached a value of US$ 105.56 Billion in 2021. Looking forward, IMARC Group expects the global battery market to reach a value of US$ 182.96 Billion by 2027, exhibiting a CAGR of 9.20% during 2022-2027.
A battery is an indispensable power source for various electronic devices in consumer and industrial applications. It is found in all sectors of the economy that use electronic equipment, where an AC line cord or other energy source does not derive energy. It can stock power chemically and transfer power to electronic applications and devices to function properly. A battery can be of many types, such as sodium-based, lead-based, nickel-based, and lithium-based. The sodium-based battery is extensively used in small power devices. On the other hand, lithium-based batteries pack high power density and find application in many devices, from electronic devices, such as mobile phones, to electric vehicle batteries.
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The global market is primarily driven by the high demand for portable electronics, including LCDs, smartphones, tablets, and wearable devices, such as fitness bands. In line with this, rapid technological advancements in terms of enhanced efficiency, cost-effectiveness, and product innovations are creating a positive outlook for the market. Furthermore, the increasing electric vehicle sales are driving the product uptake. Apart from this, the decreasing rate of fossil fuel reserves, along with promising government initiatives and high CO2 emissions, is catalyzing the product demand. Moreover, the widespread usage of uninterrupted power supply devices in the oil and gas, healthcare, and chemical sectors for constant power supply is propelling demand for a lead-acid battery.
Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, product and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for battery market
- Strategies of major players and product offerings
Key Players Included in Global Battery Market Research Report:
- A123 Systems LLC (Wanxiang Group Corporation)
- BYD Motors Inc.
- Contemporary Amperex Technology Co. Ltd.
- Envision AESC Group Ltd. (Envision Group)
- GS Yuasa Corporation
- Johnsons Controls Inc.
- Panasonic Corporation
- Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
- Saft (TotalEnergies SE)
- Samsung SDI Co. Ltd.
- Tesla Inc. and Toshiba Corporation.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
- Primary Battery
- Secondary Market
- Lead Acid
- Nickel Metal Hydride
- Nickel Cadmium
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Battery Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Battery Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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