According to a market report by Lucintel, the future of the global battery technology market looks promising with opportunities in the automotive, consumer electronic, residential & commercial, power, and defense & aviation applications. The global battery technology market is expected to reach an estimated $275 billion by 2030 with a CAGR of 12.5% from 2024 to 2030. The major drivers for this market are increasing demand for electric vehicles and rising demand for energy storage systems.
A more than 150–page
report is developed to understand Trends, opportunity and forecast in battery
technology market to 2030 by battery type (lead-acid, lithium-ion, nickel
cadmium, nickel metal hydride, and others), application (automotive, consumer
electronics, residential & commercial, power, defense & aviation, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
In this market,
lead-acid, lithium-ion, nickel cadmium, and nickel metal hydride are the major
segments of battery technology market by battery type.
Lucintel forecasts that
lithium-ion is expected to witness the highest growth over the forecast period
due to its various advantage, such as fast reaction, cheap power capacity cost,
and robust scalability.
Within this market,
automotive is expected to witness the highest growth over the forecast period.
APAC will remain the
largest region over the forecast period due to presence of key battery
manufacturers in the region.
Contemporary Amperex,
Panasonic, Ganfeng Lithium, Clarios, and Lg Chem are the major suppliers in the
battery technology market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal, ZACKS,
and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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