Taiwan Battery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The battery market in Taiwan is expected to grow at a CAGR of more than 8% in the forecast period of 2020-2025. The increasing demand from the EVs, consumer electronics, and telecommunication industries are expected to the battery market in the country. Moreover, the growing renewable energy market in Taiwan is increasing the battery's need for energy storage considerably. However, the outbreak of the COVID-19 significantly affected the market studied creating a demand-supply mismatch of raw materials, which, in turn, is expected to hinder the market growth.
Key HighlightsThe Taiwan battery market is fragmented. Some of the major companies include Amita Technologies Inc., CSB Battery Technologies Inc, Tesla Inc, Kung Long Batteries Industrial Co Ltd, and Panasonic Corporation.
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