According to a new report published by The Insight Partners on “Battery Market Size and Forecast (2020–2030), Global and Regional Share, Trends, and Growth Opportunity Analysis – by Type (Primary Batteries and Secondary Batteries), Technology (Lead-Acid Battery, Lithium-Ion Battery, Nickel-metal Hydride (NiMH) Batteries, Nickel-cadmium (NiCD) Batteries, Nickelzinc (NiZn) Batteries, Flow Batteries, and Others), Application (Electric Mobility, Consumer Electronics, Energy Storage and Others), and Geography” the market in terms of revenue was estimated to be worth $109.61 billion in 2022 and is poised to reach $172.70 billion by 2030, growing at a CAGR of 5.8% from 2022 to 2030.