Batteries Market
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The Business Research Company’s Batteries Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Batteries Global Market Report 2023 evaluates Batteries market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The batteries market size has grown strongly in recent years. It will grow from $103.98 billion in 2023 to $113.81 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to portable electronics, electric vehicles (evs), renewable energy integration, consumer electronics, energy storage systems. The batteries market size is expected to see strong growth in the next few years. It will grow to $161.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
The increasing demand for electric vehicles is expected to propel the growth of the batteries market going forward. Electric vehicles (EVs) are vehicles that are powered by electricity as their primary source of propulsion. Batteries provide the energy needed for propulsion, regenerative braking, and powering various auxiliary systems in electric vehicles.
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The Batteries market segments in the report are:
1) By Type: Secondary Batteries, Primary Batteries
2) By Mode: Online, Offline
3) By Sales Channel: OEM, Aftermarket
4) By Application: Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Other Applications
The table of contents in TBRC’s Batteries market report includes:
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