Global Battery Market Growth Accredited to Incentives for Electric Vehicle Battery Manufacturing

July 05 01:12 2022
Global Battery Market Growth Accredited to Incentives for Electric Vehicle Battery Manufacturing
The Global Battery Market
According to a new market research report launched by Inkwood Research, the Global Battery Market is anticipated to capture a revenue share of $423907.04 million by 2030, growing with a CAGR of 16.68% over the forecasting period of 2022 and 2030.

Browse 62 market data Tables and 47 figures spread over 235 Pages, along with an in-depth analysis of Global Battery Market by Type, Application, Technology & by Geography

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Global Battery Market Scenario

Electric batteries are characterized as electric power sources comprising one or more electrochemical cells as well as external connections in order to power electrical equipment. Moreover, the device also stores chemical energy and converts it into electrical energy.

The global battery market is driven by key factors such as the increasing popularity of consumer electronics, the declining prices of batteries, and the incentives for EV battery manufacturing. In this regard, governments of numerous countries across the world are offering incentives for the production of electric vehicle batteries, thus proliferating the growth of the global battery market across the forecasted period. For instance, the United States Department of Energy, in 2022, announced a $3 billion program for battery manufacturing as well as supply chain in order to support the transition to electric vehicles. This factor is set to play a pivotal role in augmenting the global market’s growth.

The Global Battery Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Battery Market by Technology, Type, Application & by Geography:

Market Segmentation

Market by Type:

  • Primary battery
  • Secondary battery

Market by Type:

  • Flow Battery
  • Sodium-Sulfur (NAS) Battery
  • Nickel-Cadmium Battery
  • Nickel Metal Hydride Battery
  • Nickel-Zinc (NiZn) Battery
  • Zinc-manganese Dioxide Battery
  • Small Sealed Lead-acid Battery
  • Lead-Acid Battery
  • Lithium-Ion Battery
  • Other Technologies

Market by Application:

  • SLI Batteries
  • Portable Batteries
  • Automotive Batteries
  • Industrial Batteries
  • Power Tools Batteries
  • Other Applications

Report Highlights

– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities – Market forecasts till 2030, using estimated market values as the base numbers – Key market trends across the business segments, regions and countries – Key developments and strategies observed in the market – Market dynamics such as drivers, restraints, opportunities and other trends – In-depth company profiles of key players and upcoming prominent players – Growth prospects among the emerging nations through 2030

Companies Profiled

  • Trojan Battery Company
  • Toshiba Corporation
  • Shenzhen Bak Battery Co Ltd
  • Samsung SDI Co Ltd
  • Saft Groupe SA
  • Panasonic Corporation
  • NEC Corporation
  • Murata Manufacturing Co Ltd
  • LG Chem Ltd
  • Johnsons Controls Inc
  • GS Yuasa International Ltd
  • Exide Technologies
  • Eveready Industries
  • Enersys
  • East Penn Manufacturing Co
  • Duracell
  • Crown Battery Manufacturing Company
  • C&D Technologies Inc
  • BYD Company Ltd
  • A123 Systems LLC


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