Battery Technology

Battery Technology

Global Battery Technology Market to Reach $277.8 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Battery Technology estimated at US$118.3 Billion in the year 2022, is projected to reach a revised size of US$277.8 Billion by 2030, growing at aCAGR of 11.3% over the period 2022-2030. Lithium-Ion, one of the segments analyzed in the report, is projected to record 11.9% CAGR and reach US$124.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Lead Acid segment is readjusted to a revised 11.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $34.6 Billion, While China is Forecast to Grow at 10.4% CAGR
The Battery Technology market in the U.S. is estimated at US$34.6 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$47.2 Billion by the year 2030 trailing a CAGR of 10.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 8.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

Select Competitors (Total 34 Featured) -

• Bak Group
• BYD Company
• Chaowei Power
• Clarios
• Contemporary Amperex Technology Co. Limited
• Duracell
• East Penn Manufacturing
• Energizer Holdings
• Enersys
• Exide Industries

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