Some batteries are disposable batteries which are also known as primary batteries. The electrodes in the single use batteries either become depleted as they liberate positive or the negative ions into the electrolyte, or the build-up of reaction products.
Market Dynamics:
The endless demand for the data center space remained to be strong from past few years. Owing to the growth in the digitalization and the networking systems, the multi-cloud adoption is anticipated to fuel the growth of the global battery market. Moreover, the datasphere is expected to rise from 33zettabytes in 2018, to above 175 zettabytes of data by 2025. Forklift orders increased from a past decade and was partly owing to the requirement for upgrading and exchanging the capital equipment. This is anticipated to provide lucrative opportunity in the growth of global battery market.
On a contrary, the collaborative impact of the factors such as lack of mineral supply, growing mineral prices which are predicted for the decline in production of minerals and hoarding of key minerals by key players is anticipated to hinder the growth of the global battery market.
Key features of the study:
- This report provides in-depth analysis of the global battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 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
- Major companies involved in the growth of the global battery market are BYD Company Limited, Panasonic Corporation, Contemporary Amperex Technology Limited, Samsung SDI Co. Ltd, TianJin Lishen Battery Joint-Stock CO. LTD, GS Yuasa Corporation, Duracell Inc., Clarios (Formerly Johnson Controls International PLC), VARTA AG, LG Chem Ltd, Tesla Inc. and EnerSys
- 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
- The 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.
Detailed Segmentation:
- Global Battery Market, By Type:
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- Primary Battery
- Secondary Battery
- Global Battery Market, 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 (Dual Carbon Battery, Zinc-carbon Battery, Silver-oxide Battery, etc.)
- Global Battery Market, By Application:
- Automotive Batteries (HEV, PHEV, EV)
- Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS), etc.)
- Portable Batteries (Consumer Electronics etc.)
- Power Tools Batteries
- SLI Batteries
- Other Applications
- Global Battery Market, By Geography:
- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
