Battery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Battery Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)


The global battery market is experiencing robust growth, primarily fueled by the automotive industry's increasing demand for batteries. The use of batteries in two-wheelers and four-wheelers for starting, lighting, and ignition (SLI) applications has seen significant growth, driven by the booming vehicle manufacturing sector worldwide. Government efforts to bolster automotive battery production are also expected to further enhance the prospects of the global battery market. In emerging economies, the shift towards electric mobility has attracted substantial investments in battery manufacturing and development, leading to innovative outcomes in the battery market. Incentives aimed at advancing cell chemistry and lithium-ion battery production are anticipated to generate fresh demand for lithium-ion batteries, triggering mergers and acquisitions, cross-collaborations, and intensified research and development efforts within the battery market during the forecast period.

Electric Mobility Spurs Lucrative Opportunities in the Battery Market

The rise of electric mobility has opened up lucrative opportunities in the battery market. The increasing use of batteries in electric vehicles (EVs) and hybrid EVs is expected to drive the market's growth. Lithium-ion batteries, owing to their functional properties, have been witnessing a surge in production and demand. In the forthcoming years, the escalating sales of EVs, the emergence of ambitious EV start-ups, and positive consumer perception of EVs are set to unlock profitable outcomes in the global battery market. Additionally, climate-conscious public and private organizations are likely to make promising investments in the market as part of the global initiative to curb carbon emissions and transition towards cleaner energy sources.

Lead-Acid Batteries Gain Demand amid Rising Lithium-Ion Battery Use Cases

The adoption of lead-acid batteries has been steadily increasing, attributed to their versatile use in various applications, including EVs, uninterrupted power supply systems, transportation, grid-scale power systems, and telecommunications. The growing demand for uninterrupted power supply systems in heavy industries is expected to fuel the demand for lead-acid batteries. Simultaneously, lithium-ion batteries have been gaining popularity worldwide, especially in electric vehicles, propelling their demand. These batteries are also widely used in grid storage applications due to their low maintenance requirements, lighter weight, and high energy density. As a result, lithium-ion batteries are poised to replace lead-acid batteries in certain applications, further expanding the battery market.

Asia Pacific Emerges as a Leading Player in the Battery Market

The battery market in the Asia Pacific region is poised for significant growth, driven by the increasing use of batteries in the automobile and consumer electronics industries. The adoption of electric vehicles is also expected to spur the demand for batteries in the region. Government initiatives aimed at achieving carbon neutrality targets, such as subsidies for electric vehicle adoption, are predicted to support market growth. Moreover, factors like population growth, rising GDP, and a growing customer base for EVs are expected to fuel the expansion of the battery market in the Asia Pacific.

Prominent Players in the Global Battery Market

Leading companies operating in the global battery market include Johnson Controls, GS Yuasa International Ltd., BYD Company Ltd., NEC Corporation, HBL Power Systems Ltd., Tata AutoComp GY Batteries Pvt. Ltd., Luminous Power Technologies Pvt. Ltd., Okaya Power Pvt. Ltd., and Exide Industries Ltd. These market players are actively contributing to the growth and development of innovative battery technologies.

As the demand for batteries continues to surge in the automotive and electric mobility sectors, the global battery market is poised for significant growth. Advancements in battery technology and increased investments in sustainable energy solutions are expected to shape the market's trajectory in the coming years.

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1. Executive Summary
1.1. Global Battery Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.6. Government Regulations
2.7. Economic Analysis
2.8. PESTLE
3. Production Output and Trade Statistics, 2018 - 2022
3.1. Battery Supply-Demand Analysis
3.2. Regional Production Statistics
3.2.1. North America
3.2.2. Europe
3.2.3. Asia Pacific
3.2.4. Latin America
3.2.5. Middle East & Africa
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Battery Type
4.4. By Region
5. Global Battery Market Outlook, 2018 - 2030
5.1. Global Battery Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Green Tea
5.1.1.2. Black Tea
5.1.1.3. White Tea
5.1.1.4. Oolong Tea
5.1.1.5. Herbal Tea
5.1.1.5.1. Rooibos Tea
5.1.1.5.2. Miscellaneous
5.2. Global Battery Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Industrial
5.2.1.2. Loose Leaf
5.2.1.3. Decoction
5.2.1.4. Tablets & Capsules
5.2.2. BPS/Market Attractiveness Analysis
5.3. Global Battery Market Outlook, by End user, Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. Aerospace Industry
5.3.1.2. Electronics Industry
5.3.1.3. Automobile Industry
5.3.1.4. Military & Defense
5.3.1.5. Miscellaneous
5.3.2. BPS/Market Attractiveness Analysis
5.4. Global Battery Market Outlook, by Region, Value (US$ Mn), 2018 - 2030
5.4.1. Key Highlights
5.4.1.1. North America
5.4.1.2. Europe
5.4.1.3. Asia Pacific
5.4.1.4. Latin America
5.4.1.5. Middle East & Africa
5.4.2. BPS/Market Attractiveness Analysis
6. North America Battery Market Outlook, 2018 - 2030
6.1. North America Battery Market Outlook, by Battery Type, Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Motor Skills Enhancing Toys
6.1.1.2. Black Tea
6.1.1.3. White Tea
6.1.1.4. Oolong Tea
6.1.1.5. Herbal Tea
6.1.1.5.1. Rooibos Tea
6.1.1.5.2. Miscellaneous
6.2. North America Battery Market Outlook, by End user, Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Online
6.2.1.2. Automobile Industry
6.3. North America Battery Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. Industrial
6.3.1.2. Loose Leaf
6.3.1.3. Decoction
6.3.1.4. Tablets & Capsules
6.4. North America Battery Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
6.4.1. Key Highlights
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.2. BPS/Market Attractiveness Analysis
7. Europe Battery Market Outlook, 2018 - 2030
7.1. Europe Battery Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Green Tea
7.1.1.2. Black Tea
7.1.1.3. White Tea
7.1.1.4. Oolong Tea
7.1.1.5. Herbal Tea
7.1.1.5.1. Rooibos Tea
7.1.1.5.2. Miscellaneous
7.2. Europe Battery Market Outlook, by End user, Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Online
7.2.1.2. Automobile Industry
7.3. Europe Battery Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Industrial
7.3.1.2. Loose Leaf
7.3.1.3. Decoction
7.3.1.4. Tablets & Capsules
7.4. Europe Battery Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
7.4.1. Key Highlights
7.4.1.1. Germany
7.4.1.2. France
7.4.1.3. U.K.
7.4.1.4. Italy
7.4.1.5. Spain
7.4.1.6. Russia
7.4.1.7. Rest of Europe
7.4.2. BPS/Market Attractiveness Analysis
8. Asia Pacific Battery Market Outlook, 2018 - 2030
8.1. Asia Pacific Battery Market Outlook, by Product, Value (US$ Mn), 2018-2030
8.1.1. Key Highlights
8.1.1.1. Green Tea
8.1.1.2. Black Tea
8.1.1.3. White Tea
8.1.1.4. Oolong Tea
8.1.1.5. Herbal Tea
8.1.1.5.1. Rooibos Tea
8.1.1.5.2. Miscellaneous
8.2. Asia Pacific Battery Market Outlook, by End user, Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Online
8.2.1.2. Automobile Industry
8.3. Asia Pacific Battery Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. Industrial
8.3.1.2. Loose Leaf
8.3.1.3. Decoction
8.3.1.4. Tablets & Capsules
8.4. Asia Pacific Battery Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
8.4.1. Key Highlights
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. South Korea
8.4.1.4. India
8.4.1.5. Southeast Asia
8.4.1.6. Rest of Asia Pacific
8.4.2. BPS/Market Attractiveness Analysis
9. Latin America Battery Market Outlook, 2018 – 2030
9.1. Latin America Battery Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Green Tea
9.1.1.2. Black Tea
9.1.1.3. White Tea
9.1.1.4. Oolong Tea
9.1.1.5. Herbal Tea
9.1.1.5.1. Rooibos Tea
9.1.1.5.2. Miscellaneous
9.2. Latin America Battery Market Outlook, by End user, Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Online
9.2.1.2. Automobile Industry
9.3. Latin America Battery Market Outlook, by Application, Value (US$ Mn), 2018-2030
9.3.1. Key Highlights
9.3.1.1. Industrial
9.3.1.2. Loose Leaf
9.3.1.3. Decoction
9.3.1.4. Tablets & Capsules
9.4. Latin America Battery Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
9.4.1. Key Highlights
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
9.4.2. BPS/Market Attractiveness Analysis
10. Middle East & Africa Battery Market Outlook, 2018 - 2030
10.1. Middle East & Africa Battery Market Outlook, by Product, Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Green Tea
10.1.1.2. Black Tea
10.1.1.3. White Tea
10.1.1.4. Oolong Tea
10.1.1.5. Herbal Tea
10.1.1.5.1. Rooibos Tea
10.1.1.5.2. Miscellaneous
10.2. Middle East & Africa Battery Market Outlook, by End user, Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Online
10.2.1.2. Automobile Industry
10.3. Middle East & Africa Battery Market Outlook, by Application, Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. Industrial
10.3.1.2. Loose Leaf
10.3.1.3. Decoction
10.3.1.4. Tablets & Capsules
10.4. Middle East & Africa Battery Market Outlook, by Country, Value (US$ Mn), 2018 - 2030
10.4.1. Key Highlights
10.4.1.1. GCC
10.4.1.2. South Africa
10.4.1.3. Rest of Middle East & Africa
10.4.2. BPS/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. The Art of Tea
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
11.3.2. Rooibos Ltd
11.3.3. Arbor Teas
11.3.4. Tielka Tea
11.3.5. Numi Battery
11.3.6. Tea Drops
11.3.7. TGL COMPANY
11.3.8. True Tea Company
11.3.9. The Mighty Leaf Tea
11.3.10. Pique Teas
11.3.11. Stash Organics
11.3.12. Other
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

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