Battery Technology Market Size, Global Trends and Future Demand by 2030 | Emergen Research

June 30 18:56 2022
Battery Technology Market Size, Global Trends and Future Demand by 2030 | Emergen Research
Emergen Research | Battery Technology Market
Rising popularity of novel battery technologies such as stationary rechargeable batteries and continuous research and development are key factors driving market revenue growth

The 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. Batteries are one of these technical solutions that is now being employed to boost the global economy and combat climate change. The evolution of battery technology has been irregular, spanning from periods of stasis to significant progress. The continuous transition away from heavy acid batteries and toward more compact, light, and significantly more efficient nickel/metal (NiMH) accumulators has continued.

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The report further studies the key companies operating in the industry and their company profiles, product portfolio, expansion strategies, and strategic alliances such as mergers and acquisitions, collaborations, and joint ventures, among others. It also offers insights into their market reach and global position, along with highlights about their achievements and financial standings.

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.

Historical data available in the report elaborates on the development of the Battery Technology on national, regional and international levels. Battery Technology market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis.

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Some Key Highlights

  • 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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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

Research Methodology

Using secondary sources such as company websites, annual reports, press releases, financial data, investor presentations, articles, news, white papers, certified publications, and government publishing sources as a starting point for the research methodology used to estimate and forecast the size of the Global Battery Technology Market. In addition, the research takes into account vendor offers in order to categorise the market.

Using this data, the research then calculates the size of the global Battery Technology market using a bottom-up approach. Primary research included thorough interviews with senior executives, chief executive officers, and directors, as well as vice presidents (VPs) and managers to determine the size of the market. These categories and sub-segments were then confirmed and validated by secondary research. Data triangulation processes are then used to complete the total market engineering process and arrive at precise statistics for all segments and sub-segments

Major Regions Covered in the Battery Technology Market Report:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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Key Reasons to Buy This Report:

  • The report presents a thorough examination of the Battery Technology market, elaborating on its core segments. The report conducts historical and future assessments of the market dynamics and offers precise data in a well-organized order.
  • The report evaluates the most prominent market growth potentials, dynamic market trends, driving factors, restraints, investment opportunities, and threats.
  • The report is inclusive of an in-depth study of the industry variables, manufacturers’ value chain, sales volume, market share, competitive landscape, and effective business tactics.
  • The report further identifies the key regions and segments dominating the market. These regions are foreseen to register fast-paced growth over the forecast duration.

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