Table of Content - Battery Market

Global battery market is estimated to be valued at US$ 128.52 billion in 2024 and is expected to reach US$ 401.29 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031.

Introduction:

Global battery market has experienced significant growth in the past few years due to increasing demand for portable consumer electronics such as smartphones, laptops, and tablets. Batteries store chemical energy and make it available in an electrical form. These are an important source of power for a variety of devices and equipment which does not have access to electricity through other means. Key battery types include lead-acid batteries, lithium-ion batteries, and nickel-metal hydride batteries. Lead-acid batteries remain popular for automobile starter motors due to their relatively low cost while lithium-ion variants are used in consumer devices due to their higher energy density. The developments in battery technologies enabling higher energy capacity is expected to further expand the applications for batteries.

Market Dynamics:

Global battery market growth is driven by rising sales of electric vehicles that uses lithium-ion batteries, increasing penetration of renewable energy requiring battery storage solutions, and growing demand for portable consumer electronics. However, high costs of lithium-ion batteries used in electric vehicles and fluctuations in prices of raw materials such as lithium, cobalt, and nickel remain can hamper the market growth. Ongoing research and development in battery chemistries expand use cases such as in grid storage and for industrial applications presenting new opportunities. Governments around the world are also promoting electric mobility through financial incentives on purchase of EVs, creating a conducive market environment.

Key features of the study:

This report provides in-depth analysis of the global battery market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include CATL (Contemporary Amperex Technology Co Ltd), BYD Company Limited, Panasonic Corporation, LG Chem, Samsung SDI, SK Innovation, EVE Energy Co, Ltd, Tesla, AESC (Automotive Energy Supply Corporation), GS Yuasa Corporation, Coslight, Hitachi, Ltd , Johnson Controls International plc, Honeywell International Inc, Bosch Group, Varta AG, Pinnacle Electronics Inc, Microvast Holdings, Inc, Liontown Resources Limited, and Freudenberg Group .
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery market.

Market Segmentation

By Type
- Primary Battery
- Secondary Battery
By Technology
- Lead-acid Battery
- Lithium-ion Battery
- Nickel-metal Hydride (NiMH) Battery
- Nickel-cadmium (NiCD) Battery
- Nickel–zinc (NiZn) Battery
- Flow Battery
- Sodium–sulfur (NAS) Battery
- Zinc-manganese Dioxide Battery
- Small Sealed Lead-acid Battery
- Other Technologies
By Application
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
- Power Tools Batteries
- SLI Batteries
- Other Applications
By Regional
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa

Key Players Insights

CATL (Contemporary Amperex Technology Co Ltd)
BYD Company Limited
Panasonic Corporation
LG Chem
Samsung SDI
SK Innovation
EVE Energy Co, Ltd
Tesla
AESC (Automotive Energy Supply Corporation)
GS Yuasa Corporation
Coslight
Hitachi, Ltd
Johnson Controls International plc
Honeywell International Inc
Bosch Group
Varta AG
Pinnacle Electronics Inc
Microvast Holdings, Inc
Liontown Resources Limited
Freudenberg Group

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snippet, By Type
  - Market Snippet, By Technology
  - Market Snippet, By Application
  - Market Snippet, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
  - Restraints
  - Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
Global Battery Market, By Type, 2019-2031, (US$ Billion)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
  - Segment Trends
- Primary Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Secondary Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
Global Battery Market, By Technology, 2019-2031, (US$ Billion)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
  - Segment Trends
- Lead-acid Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Lithium-ion Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Nickel-metal Hydride (NiMH) Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Nickel-cadmium (NiCD) Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Nickel–zinc (NiZn) Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Flow Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Sodium–sulfur (NAS) Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Zinc-manganese Dioxide Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Small Sealed Lead-acid Battery
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Other Technologies
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
Global Battery Market, By Application, 2019-2031, (US$ Billion)
- Introduction
  - Market Share Analysis, 2024 and 2031 (%)
  - Y-o-Y Growth Analysis, 2019-2031
  - Segment Trends
- Automotive Batteries
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Industrial Batteries
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Portable Batteries
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Power Tools Batteries
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- SLI Batteries
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
- Other Applications
  - Introduction
  - Market Size and Forecast, 2019–2031, (US$ Billion)
Global Battery Market, By Region, 2019-2031, (US$ Billion)
- Introduction
  - Market Share Analysis, By Region, 2024 and 2031 (%)
- North America
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Billion)
    - U.S.
    - Canada
- Europe
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Billion)
    - U.K.
    - Germany
    - France
    - Russia
    - Rest of Europe
- Asia Pacific
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Billion)
    - China
    - India
    - Japan
    - ASEAN
    - Australia
    - South Korea
    - Rest of Asia Pacific
- Latin America
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Billion)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Middle East & Africa
  - Regional Trends
  - Market Size and Forecast, By Type, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Technology, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Application, 2019–2031, (US$ Billion)
  - Market Size and Forecast, By Country, 2019–2031, (US$ Billion)
    - South Africa
    - GCC Countries
    - Rest of the Middle East & Africa
Competitive Landscape
- Company Profiles
  - CATL (Contemporary Amperex Technology Co Ltd)
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - BYD Company Limited
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Panasonic Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - LG Chem
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Samsung SDI
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - SK Innovation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - EVE Energy Co, Ltd
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Tesla
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - AESC (Automotive Energy Supply Corporation)
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - GS Yuasa Corporation
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Coslight
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Hitachi, Ltd
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Johnson Controls International plc
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Honeywell International Inc
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Bosch Group
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Varta AG
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Pinnacle Electronics Inc
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Microvast Holdings, Inc
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Liontown Resources Limited
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
  - Freudenberg Group
    - Company Overview
    - Product Portfolio
    - Financial Performance
    - Key Strategies
    - Recent Developments/Updates
Wheel of Fortune
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
Section
- References
- Research Methodology
- About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Global Battery Market - Global forecast to 2031”

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