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Battery Market, By Type, By Technology, By Application, By Geography

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Battery Market-IMG1

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    • CATL(Contemporary Amperex Technology Co Ltd)
    • BYD Company Limited
    • Panasonic Corporation
    • LG Chem
    • Samsung SDI
    • SK Innovation
    • EVE Energy Co, Ltd
    • Tesla
    • AESC(Automotive Energy Supply Corporation)
    • GS Yuasa Corporation
    • Coslight
    • Hitachi, Ltd
    • Johnson Controls International plc
    • Honeywell International Inc
    • Bosch Group
    • Varta AG
    • Pinnacle Electronics Inc
    • Microvast Holdings, Inc
    • Liontown Resources Limited
    • Freudenberg Group

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LSH 25.03.26

Global Battery Market is estimated to be valued at USD 151.54 Bn in 2025 and is expected to reach USD 480.15 Bn by 2032, growing at a compound annual growth rate (CAGR) of 17.9% from 2025 to 2032.

Report Coverage Report Details
Base Year: 2024 Market Size in 2025: USD 151.54 Bn
Historical Data for: 2020 To 2024 Forecast Period: 2025 To 2032
Forecast Period 2025 to 2032 CAGR: 17.90% 2032 Value Projection: USD 480.15 Bn
Figure. Battery Market Share (%), By Region 2025
Battery Market - IMG1

Introduction:

Global battery market has experienced significant growth in the past few years due to increasing demand for portable consumer electronics such as smartphones, laptops, and tablets. Batteries store chemical energy and make it available in an electrical form. These are an important source of power for a variety of devices and equipment which does not have access to electricity through other means. Key battery types include lead-acid batteries, lithium-ion batteries, and nickel-metal hydride batteries. Lead-acid batteries remain popular for automobile starter motors due to their relatively low cost while lithium-ion variants are used in consumer devices due to their higher energy density. The developments in battery technologies enabling higher energy capacity is expected to further expand the applications for batteries.

Market Dynamics:

Global battery market growth is driven by rising sales of electric vehicles that uses lithium-ion batteries, increasing penetration of renewable energy requiring battery storage solutions, and growing demand for portable consumer electronics. However, high costs of lithium-ion batteries used in electric vehicles and fluctuations in prices of raw materials such as lithium, cobalt, and nickel remain can hamper the market growth. Ongoing research and development in battery chemistries expand use cases such as in grid storage and for industrial applications presenting new opportunities. Governments around the world are also promoting electric mobility through financial incentives on purchase of EVs, creating a conducive market environment.

Key features of the study:

  • This report provides in-depth analysis of the global battery market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global battery market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include CATL (Contemporary Amperex Technology Co Ltd), BYD Company Limited, Panasonic Corporation, LG Chem, Samsung SDI, SK Innovation, EVE Energy Co, Ltd, Tesla, AESC (Automotive Energy Supply Corporation), GS Yuasa Corporation, Coslight, Hitachi, Ltd , Johnson Controls International plc, Honeywell International Inc, Bosch Group, Varta AG, Pinnacle Electronics Inc, Microvast Holdings, Inc, Liontown Resources Limited, and Freudenberg Group .
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • Global battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global battery market.

Market Segmentation

  • By Type
    • Primary Battery
    • Secondary Battery
  • By Technology
    • Lead-acid Battery
    • Lithium-ion Battery
    • Nickel-metal Hydride (NiMH) Battery
    • Nickel-cadmium (NiCD) Battery
    • Nickel-zinc (NiZn) Battery
    • Flow Battery
    • Sodium-sulfur (NAS) Battery
    • Zinc-manganese Dioxide Battery
    • Small Sealed Lead-acid Battery
    • Other Technologies
  • By Application
    • Automotive Batteries
    • Industrial Batteries
    • Portable Batteries
    • Power Tools Batteries
    • SLI Batteries
    • Other Applications
  • By Regional
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East & Africa
  • Key Players Insights
    • CATL (Contemporary Amperex Technology Co Ltd)
    • BYD Company Limited
    • Panasonic Corporation
    • LG Chem
    • Samsung SDI
    • SK Innovation
    • EVE Energy Co, Ltd
    • Tesla
    • AESC (Automotive Energy Supply Corporation)
    • GS Yuasa Corporation
    • Coslight
    • Hitachi, Ltd
    • Johnson Controls International plc
    • Honeywell International Inc
    • Bosch Group
    • Varta AG
    • Pinnacle Electronics Inc
    • Microvast Holdings, Inc
    • Liontown Resources Limited
    • Freudenberg Group

Table of Contents

1. Research Objectives and Assumptions

  • Research Objectives
  • Assumptions
  • Abbreviations

2. Market Purview

  • Report Description
    • Market Definition and Scope
  • Executive Summary
    • Market Snippet, By Type
    • Market Snippet, By Technology
    • Market Snippet, By Application
    • Market Snippet, By Region
  • Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restraints
    • Market Opportunities
  • Regulatory Scenario
  • Industry Trend
  • Merger and Acquisitions
  • New system Launch/Approvals
  • Impact of COVID-19 Pandemic

4. Global Battery Market, By Type, 2020-2032, (US$ Billion)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
    • Segment Trends
  • Primary Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Secondary Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)

5. Global Battery Market, By Technology, 2020-2032, (US$ Billion)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
    • Segment Trends
  • Lead-acid Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Lithium-ion Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Nickel-metal Hydride (NiMH) Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Nickel-cadmium (NiCD) Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Nickel-zinc (NiZn) Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Flow Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Sodium-sulfur (NAS) Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Zinc-manganese Dioxide Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Small Sealed Lead-acid Battery
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Other Technologies
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)

6. Global Battery Market, By Application, 2020-2032, (US$ Billion)

  • Introduction
    • Market Share Analysis, 2025 and 2032 (%)
    • Y-o-Y Growth Analysis, 2020-2032
    • Segment Trends
  • Automotive Batteries
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Industrial Batteries
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Portable Batteries
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Power Tools Batteries
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • SLI Batteries
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)
  • Other Applications
    • Introduction
    • Market Size and Forecast, 2020-2032, (US$ Billion)

7. Global Battery Market, By Region, 2020-2032, (US$ Billion)

  • Introduction
    • Market Share Analysis, By Region, 2025 and 2032 (%)
  • North America
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Application, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Billion)
      • U.S.
      • Canada
  • Europe
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Application, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Billion)
      • U.K.
      • Germany
      • France
      • Russia
      • Rest of Europe
  • Asia Pacific
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Application, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Billion)
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
  • Latin America
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Application, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Billion)
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Middle East & Africa
    • Regional Trends
    • Market Size and Forecast, By Type, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Technology, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Application, 2020-2032, (US$ Billion)
    • Market Size and Forecast, By Country, 2020-2032, (US$ Billion)
      • South Africa
      • GCC Countries
      • Rest of the Middle East & Africa

8. Competitive Landscape

  • Company Profiles
    • CATL (Contemporary Amperex Technology Co Ltd)
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • BYD Company Limited
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Panasonic Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • LG Chem
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • Samsung SDI
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • SK Innovation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments/Updates
    • EVE Energy Co, Ltd
    • Tesla
    • AESC (Automotive Energy Supply Corporation)
    • GS Yuasa Corporation
    • Coslight
    • Hitachi, Ltd
    • Johnson Controls International plc
    • Honeywell International Inc
    • Bosch Group
    • Varta AG
    • Pinnacle Electronics Inc
    • Microvast Holdings, Inc
    • Liontown Resources Limited
    • Freudenberg Group

9. Wheel of Fortune

  • Wheel of Fortune
  • Analyst View
  • Coherent Opportunity Map

10. Section

  • References
  • Research Methodology
  • About us and Sales Contact
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