Global Battery
Market Report
2024
The global battery market size is USD 104.31 billion in 2024. The battery market will show the strongest growth with a compound annual growth rate (CAGR) of 15.8% from 2024 to 2031. This expansion can be attributed to the improvements in battery technology.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global battery market size is USD 104.31 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 15.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Battery Market Sales Revenue 2024 | $ 104.31 Billion |
Global Battery Market Sales Revenue 2030 | $ 201.56 Billion |
Global Battery Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 15.8% |
Market Split by Technology |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Battery industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Battery Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The battery describes a device that can transform chemical energy into electrical energy. The battery market is expected to be driven by the arrival of new and exciting markets, e-bikes, and energy storage devices that use batteries for a variety of uses. Additionally, the increasing use of automotive batteries in electric vehicles is expected to add to this demand. One factor that could drive the battery market forward is the widespread adoption of uninterruptible power supply systems in industries including healthcare, chemicals, and oil and gas. Due to their low cost and great dependability, lead acid batteries are utilized for crucial applications. The battery market was projected to grow slower due to the need for domestic lithium-ion production capabilities.
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In April 2024, Hitachi Energy was contracted by SP Energy Networks to develop and implement a groundbreaking power quality solution. This solution aims to improve grid stability and increase the transmission of renewable energy from Scotland to England. Central & Southern Scotland, Merseyside, Cheshire, North & Mid-Wales, and North Shropshire’s electricity network operator SP Energy Networks can boost the use of renewable energy sources to facilitate a more rapid shift away from fossil fuels due to this solution.
(Source:https://www.hitachi.com/New/cnews/month/2024/04/240405.html)
Top Companies Market Share in Battery Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Battery Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Battery Industry growth. Battery market has been segmented with the help of its Technology, Application , and others. Battery market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Battery market.
Technology of Battery analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Battery Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Battery from 2019 to 2031. This will also help to analyze the demand for Battery across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Battery are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Battery market report 2024 Edition by contacting our team.
According to Cognitive Market Research, North America emerged as the dominant region in the battery market due to rising demand for public and private non-residential infrastructure in North America, which is driving the industry’s predicted rapid expansion in the next years. In addition, the American market is growing due to various factors, such as rapid expansion in the renewable energy industry, a surge in the popularity of electric vehicles driven by financial incentives and public concern for the environment, and heavy expenditure on battery research and production. Greater funding for environmentally friendly products like electric bikes and cranes bodes well for the growth of the battery sector.
Asia-Pacific stands out as the fastest-growing region in the battery market due to major developments in lithium-ion batteries. The area has become a center for battery technology innovation. The businesses in this area are pouring a lot of money into battery storage to make grids more reliable and energy secure. The demand for high-quality batteries is extremely high. The robust economic climate in the Asia-Pacific region encourages the development of new technology and materials in the battery industry.
The current report Scope analyzes Battery Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Battery Market is witnessing significant growth in the near future.
In 2023, the Lithium-ion Battery segment accounted for noticeable share of global Battery Market and is projected to experience significant growth in the near future.
The SLI Batteries segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies A123 Systems LLC , GS Yuasa International Ltd. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Technology | Lithium-ion Battery, Lead-acid Battery, Other Technologies |
Application | SLI Batteries, Industrial Batteries, Portable, Automotive Batteries, Other |
List of Competitors | A123 Systems LLC, BYD Company Ltd., GS Yuasa International Ltd., Hitachi Ltd., Johnson Controls, LG Chem, NEC Corporation, Panasonic Corporation, Samsung SDI Co. Ltd., Toshiba Corporation |
This chapter will help you gain GLOBAL Market Analysis of Battery. Further deep in this chapter, you will be able to review Global Battery Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Battery Market Trends North America Battery Technological Road Map North America Battery Market Drivers North America Battery Market Restraints North America Battery Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Battery market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Lithium-ion Battery have a significant impact on Battery market? |
What are the key factors affecting the Lithium-ion Battery and Lead-acid Battery of Battery Market? |
What is the CAGR/Growth Rate of SLI Batteries during the forecast period? |
By type, which segment accounted for largest share of the global Battery Market? |
Which region is expected to dominate the global Battery Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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