Press release
Global Batteries Market Comprehensive Study: Forecasted Market Size And Growth Rate | Samsung SDI Co. Ltd., LG Chem Ltd., BYD Electronic Company Limited, TDK Corporation, Panasonic Corporation, Chaowei Power Holdings Ltd., GS Yuasa Corporation, SK Inc.
Batteries Market Trends
The Business Research Company offers in-depth market insights through Batteries Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 growth in the forecast period can be attributed to energy transition, miniaturization and iot, research and development, electric grid upgrades. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=2123&type=smp
Market Segmentation:
The main types of batteries are secondary batteries and primary batteries. A secondary battery is a batch system in which the active materials are the electrodes. The electrode is consumed by reaction during discharge and regenerates during charge. The reaction continues until the active material is depleted. The equipment is operated through online and offline modes. The various sales channels include original equipment manufacturer (OEM) and aftermarket that are used for automotive batteries, industrial batteries, portable batteries, power tools batteries, starting, lighting, and ignition batteries (SLI batteries), and other applications.
Major Driver - Rising Electric Vehicle Demand Sparks Growth In The Batteries Market
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. For instance, in May 2022, according to the International Energy Agency, a France-based autonomous intergovernmental organization, sales of electric vehicles increased to 6.6 million in 2021 when compared previous year. Therefore, the increasing demand for electric vehicles is driving the growth of the batteries market going forward .
Competitive Landscape:
Major companies operating in the batteries market include Samsung SDI Co. Ltd., LG Chem Ltd., BYD Electronic Company Limited, TDK Corporation, Panasonic Corporation, Chaowei Power Holdings Ltd., GS Yuasa Corporation, SK Inc., Berkshire Hathaway Inc., China Aviation Lithium Battery Co. Ltd., Hefei Guoxuan High-Tech Power Energy Co. Ltd., Sunwoda Electronic Co. Ltd., Farasis Energy Inc., E-One Moli Energy Corp., EVE Energy Co. Ltd., Hitachi Chemical Co. Ltd., Johnson Controls International plc, Kokam Co. Ltd., Tianjin Lishen Battery Co. Ltd., Murata Manufacturing Co. Ltd., Dongguan Boliwei Battery Co. Ltd., Northvolt AB, Saft Groupe SA, OptimumNano Energy Co. Ltd., Tesla Inc., A123 Systems LLC, Toshiba Corporation, VARTA AG, Wanxiang Group Corporation, Winston Global Energy Limited, Zhejiang Narada Power Source Co. Ltd., Exide Industries Limited, Amara Raja Batteries Limited.
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/batteries-global-market-report
Top Trend - Increasing Focus On Product Innovations To Provide Reliable Services To Their Customers
Major companies operating in the batteries market are focusing on innovative products such as EV (Electric Vehicle) battery to provide reliable services to their customers. An electric vehicle (EV) battery refers to a rechargeable energy storage device used to power the electric motor(s) in electric vehicles. For instance, in May 2023, Volkswagen, a Germany-based company that manufactures batteries for electric vehicles launched a new EV battery with a 1000 km range called Astroinno. The new battery may have a better energy density than typical lithium-iron-phosphate (LFP) batteries and be less expensive than those that primarily rely on nickel and cobalt. This new battery gives EVs powered by a 140 kWh battery pack a driving range of more than 1,000 km .
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Batteries Market Characteristics
3. Batteries Market Trends And Strategies
4. Batteries Market - Macro Economic Scenario
5. Batteries Market Size And Growth
…..
27. Batteries Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Batteries Market Comprehensive Study: Forecasted Market Size And Growth Rate | Samsung SDI Co. Ltd., LG Chem Ltd., BYD Electronic Company Limited, TDK Corporation, Panasonic Corporation, Chaowei Power Holdings Ltd., GS Yuasa Corporation, SK Inc. here
News-ID: 3405407 • Views: …
More Releases from The Buisness Research Company
Advancing Gastroenterology: EPI Therapeutics and Diagnostics Market Trends 2024- …
The exocrine pancreatic insufficiency (epi) therapeutics and diagnostics market size has grown strongly in recent years. It will grow from $5.24 billion in 2023 to $5.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to increased prevalence of underlying conditions, advancements in diagnostic tools, pharmaceutical developments, rising global healthcare access.
The exocrine pancreatic insufficiency (epi) therapeutics…
Image Recognition Industry - Key Market Dynamics and Trends 2024-2033
The image recognition market size has grown rapidly in recent years. It will grow from $46.53 billion in 2023 to $54.54 billion in 2024 at a compound annual growth rate (CAGR) of 17.2%. The growth in the historic period can be attributed to rise in advances in deep learning and neural networks, growth in computer vision technologies, increase in image data availability, adoption of image recognition in healthcare,…
Overnight Face Mask Market Report 2024: Market Insights
The overnight face mask market size has grown strongly in recent years. It will grow from $23.62 billion in 2023 to $25.56 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to skin care trends, marketing and influencers, increasing disposable income, consumer education.
The overnight face mask market size is expected to see strong growth in the…
Non-fungible Token Market Report 2024: Market Dynamics
The non-fungible token market size has grown exponentially in recent years. It will grow from $30.54 billion in 2023 to $43.22 billion in 2024 at a compound annual growth rate (CAGR) of 41.5%. The growth in the historic period can be attributed to digital art boom, celebrity and brand endorsements, crypto enthusiast participation.
The non-fungible token market size is expected to see exponential growth in the next few years.…
More Releases for Batteries
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
As electrode materials for India Lithium-Ion Battery Market, nanomaterials have several unique physicochemical properties, such as large surface area, short transport length, high reversible capacity, and long cycle life. Energy storage in lithium-ion batteries is based on inserting lithium into either a type of graphite (cathode) or an oxide (anode). Charging and discharging consist of the transport of lithium ions between two storage media.
Developing next-generation lithium-ion batteries with dramatically…
India Lithium-Ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
India Lithium-Ion Battery Market are a group of rechargeable battery types in which lithium ions move to the anode at the negative electrode during discharge and re-move during charging. Chemical, performance, cost, and safety characteristics depend on the type of lithium-ion battery.
India Lithium-Ion Battery Market is common in home appliances. They are the most popular rechargeable batteries for portable electronics, either with the highest energy-to-weight ratio, high open…
India Lithium ion Battery Market Top Key Players - Exide Batteries India, TDS Gu …
The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022.
Beyond consumer electronics, lithium-ion…
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current…
Boat Batteries Market Key Players: Century Yuasa Batteries Pty Ltd., Lifeline Ba …
Boat Batteries Market: Introduction
Boat batteries help a boat getting started or stay in continuous motion by supplying the required power. Unlike other batteries, such as a car battery, boat batteries contain thick plates and hence, generate less cranking power and maximum reserve capacity. The intriguing part is that a boat battery with highest power capacity is of the same size as a boat battery with lowest power capacity. Additionally, there…
Boat Batteries Market to Witness Huge Growth by 2025| Lifeline Batteries, Inters …
HTF MI recently Announced Global Boat Batteries study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Boat Batteries. Global Boat Batteries research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Boat Batteries Forecast till 2025*.
Some of the Leading key Company’s Covered for this Research are Century Yuasa Batteries, Lifeline Batteries, Interstate…
