The global battery technology market size reached USD 105.63 Billion in 2021 and is expected to register a revenue CAGR of 9.6% during the forecast period, according to the latest analysis by Emergen Research. Rising popularity of novel battery technologies such as stationary rechargeable batteries, continuous research and development, increasing usage of lithium-ion batteries, and rising demand for Electric Vehicle (EV) batteries are some key factors driving market revenue growth. Battery technology has progressed to the point where batteries are currently and seem like a very essential component of sustainable power for driving automotive and transportation sectors in the future.
The Battery Technology Market Report study covers global and regional markets with an in-depth analysis of the overall growth prospects of the market. It likewise enlightens the complete serious climate of the worldwide market with an estimated time of 2022-2030. The Battery Technology Market report provides an additional dashboard overview of key companies covering successful marketing strategies, market contributions, and recent developments in both historical and current situations.
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Major Players/Manufacturers profiled in the report are:
Contemporary Amperex Technology Co., Limited., Panasonic Corporation, Ganfeng Lithium, Clarios, LG Chem Ltd, BYD Company, Energizer Holdings, Duracell, Ltd, Samsung SDI Co., Ltd., and Eveready Industries.
Some Key Highlights from the Report
- Nickel metal hydride segment is expected to register fastest revenue CAGR during the forecast period. Nickel metal hydride battery packs offer a number of advantages, including no recycling difficulties, a 30% to 40% higher capacity than a NiCd cell of the same size, lesser memory effects than NiCd, and inexpensive pricing (especially compared to lithium-ion). NiMH hydride batteries are used in hybrid car batteries, electric toothbrushes and razors, cameras, mobile phones, medical instruments equipment, and a number of other applications. NiMH battery materials must continue to be developed to maintain this technology affordable as Li-ion battery technology is rapidly evolving. NiMH batteries appear to have significantly longer life cycles than Li-ion batteries in terms of MJ/Wh.
- Electronics segment is expected to register fastest revenue CAGR over the forecast period due to growing adoption and rising popularity of portable electronic devices like smartphones and laptops. As consumer gadgets have become smaller and their ability to operate without recharging has become more important, battery shrinking and energy efficiency have become increasingly important. Rechargeable batteries, which are built with low weight, volume, and long life in mind, power the majority of portable electronic gadgets. As mobile devices become more feature- and function-rich, their energy consumption has increased at a far faster rate than the batteries can safely provide. Although various technologies, such as nickel-metal hydride (NiMH) and nickel-cadmium (NiCd), have been investigated in the search for a viable rechargeable battery, lithium-ion (LiOn) batteries are the most extensively used rechargeable batteries on the market today (NiCd).
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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
Emergen Research has segmented the global Battery Technology market on the basis of battery type, application and region:
- Battery Type Outlook (Revenue, USD Million; 2019–2030)
- Lead-Acid
- Lithium-ion
- Nickel Cadmium
- Nickel Metal Hydride
- Others
- Application Outlook (Revenue, USD Million; 2019–2030)
- Automotive Industry
- Consumer Electronics
- Residential & Commercial Industry
- Power Industry
- Defense & Aviation
- Others
Regional Segmentation Covers:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report studies the types and applications of the global Battery Technology market. The report categorizes the Battery Technology industry into different types covering different products supplied in the Battery Technology market. Each type is briefly described in the report such that why it is used, the main sources, the production costs, and the processing involved in it. Depending on various applications of the products and services in the market, the Battery Technology market is categorized in the following non-exhaustive list of products. The application segment is anticipated to grow rapidly shortly due to its unique features and solutions, other crucial information about the types and applications is given in the report.
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Purchase for the following reasons:
1. To gain an in-depth market analysis and a full understanding of the world market and its commercial environment.
2. Reduce the risk of development, production process, key issues, and corrective actions.
3. To understand the most influential driving and controlling forces in the Battery Technology market and their global implications.
4. Learn about the marketing strategies used by the most successful companies in their field.
5. To better understand market prospects and opportunities.
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