The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033.
The Battery Technology Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Battery Technology Global Market Report 2024, The battery technology market size has grown rapidly in recent years. It will grow from $111.78 billion in 2023 to $124.4 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to consumer electronics boom, growth in renewable energy storage, smart grid and energy management, consumer demand for longer battery life, global push for energy efficiency.The battery technology market size is expected to see rapid growth in the next few years. It will grow to $188.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
The increasing adoption of electric and hybrid electric vehicles is expected to be a driving force behind the growth of the battery technology market. Electric and hybrid electric vehicles utilize fully-electric or partially electric motors for propulsion. The surge in the use of these vehicles necessitates a substantial number of batteries to power them, resulting in cost savings for users. According to a report from the International Energy Agency (IEA), global electric car sales nearly doubled to 6.6 million in 2021, bringing the total number of electric cars on the road to 16.5 million. The share of electric cars in total sales grew by 4% points in 2021, and with initiatives like Net Zero Emissions by 2050, the IEA anticipates an electric car fleet of over 300 million by 2030, constituting 60% of new car sales. This robust growth in electric and hybrid electric vehicles is expected to drive the battery technology market forward
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The battery technology market covered in this report is segmented –
1) By Battery Type: Lead Acid, Lithium-Ion, Nickel Cadium, Nickel Metal Hydride
2) By Power Systems: Fuel Cell Batteries, Proton Exchange Membrane Fuel Cells, Alkaline Fuel Cells, Phosphoric Acid Fuel Cells, Solid Oxide Fuel Cells, Molten Carbonate Fuel Cells, Air Cells
3) By Control Technologies: Battery Chargers, Battery Conditioners, Smart Battery System
4) By Application: Automotive Industry, Consumer Electronics, Residential And Commercial Industry, Power Industry, Defense And Aviation, Other Applications
Top Major Players
Panasonic Corp.,
Samsung SDI Co. Ltd.,
Contemporary Amperex Technology,
BYD Auto Co. Ltd.,
Clarios
The battery technology market report table of contents includes:
1. Executive Summary
………..
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Battery Technology Market, Segmentation By Battery Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Battery Technology Market, Segmentation By Power Systems, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Battery Technology Market, Segmentation By Control Technologies, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………….
Table 75: Panasonic Corp. Financial Performance
Table 76: Samsung SDI Co. Ltd. Financial Performance
Table 77: Contemporary Amperex Technology Financial Performance
Table 78: BYD Auto Co. Ltd. Financial Performance
Table 79: Clarios Financial Performance
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