According to a market report by Lucintel, the future of the global battery market looks promising with opportunities in the aerospace, automobile, electronic, energy storage, and military & defense markets. The global battery market is expected to reach an estimated $267 billion by 2030 from $126 billion in 2023 at a CAGR of 11.4% from 2023 to 2030. The major drivers for this market are rising adoption of electric vehicle, growing demand for energy storage solutions in solar & wind power projects, and increasing innovations in lithium-ion and solid-state batteries.

A more than 150-page report to understand trends, opportunity and forecast in battery market to 2030 by product type (lead acid, lithium ion, nickel metal hydride, nickel cadmium, lithium titanate oxide, and others), application (automotive batteries, industrial batteries, and portable batteries), end use (aerospace, automobile, electronics, energy storage, military & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that lithium ion will remain the largest segment over the forecast period.

Within this market, automobile will remain the largest segment.

Download sample by clicking on battery market.

A123 Systems, BYD Company, GS Yuasa International, Hitachi, Johnson Controls, LG Chem, NEC Corporation, Panasonic Corporation are the major suppliers in the battery 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. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

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. +1-972-636-5056

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