Battery Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global battery market provides qualitative and quantitative analysis for the period from 2021-2030. The global battery market was valued at USD 104.39 billion in 2022 and is expected to reach USD 382.9 billion in 2030, with a CAGR of 15.42% during the forecast period 2023-2030. The study on battery market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

The report on battery market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global battery market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global battery market over the period of 2021-2030. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• The rapid growth in the adoption of electric vehicles is a major driver for the battery market.
• The integration of renewable energy sources, such as solar and wind power, into the global energy infrastructure is another significant driver.

2) Restraints

• One of the primary restraints facing the battery market is the supply chain for raw materials.

3) Opportunities

• A significant opportunity in the battery market lies in the development of energy storage solutions.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global battery market is segmented on the basis of type, and end user.

The Global Battery Market by Type

• Lithium-ion Battery
• Lead-acid Battery
• Nickel Battery
• Flow Battery
• Others

The Global Battery Market by End User

• Aerospace Industries
• Automotive Industries
• Electronics
• Energy Storage
• Military and Defence
• Others

Company Profiles

The companies covered in the report include

• Johnson Controls
• EXIDE INDUSTRIES LTD.
• GS Yuasa International Ltd.
• Hitachi, Ltd.
• NEC Corporation
• Toshiba Corporation
• Panasonic Corporation
• A123 Systems LLC
• BYD Company Ltd.
• Company 10

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the battery market.
2. Complete coverage of all the segments in the battery market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global battery market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.