Battery Market Forecast With Trends, Challenges & Drivers and Key Players
Research Nester published a report titled “Battery Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global battery market in terms of market segmentation by product, application, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global
battery market is estimated to occupy a sizeable amount of
revenue by growing at a CAGR of ~10% during the forecast period, i.e., 2022 –
2030, owing to the rising demand for batteries from automotive applications,
and increasing popularity of portable consumer electronics globally. Apart from
these, reduction in revenue on fossil fuels and growing carbon dioxide
emissions are also expected to drive market growth in the coming years.
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Geographically,
the global battery market is segmented into five major regions, namely North
America, Europe, Latin America, Asia Pacific, and the Middle East & Africa.
North America region is evaluated to grab the largest share in the market
during the forecast period attributing to the rise in adoption of electric
vehicles in the region. Moreover, the market in Asia Pacific is assessed to
grow by the highest rate in the future owing to the high production of consumer
electronics in countries such as China and India.
The
research was global in nature and conducted in North America (U.S., Canada),
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands
& Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey,
Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin
America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore,
Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa
(Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa,
South Africa, Rest of Middle East and Africa). In addition, areas like Market
size, Y-O-Y growth & Opportunity Analysis, market players competitive
study, investment opportunities, demand for future outlook etc. have been
covered and displayed in the research report to ensure it dives deep to achieve
strategic competitive intelligence in the segment.
Growing
Demand for Batteries from Automotive Applications Worldwide to Drive Market
Growth
Over
the last few years, the demand for lithium-ion batteries from the automotive
sector has witnessed a significant surge. This can be attributed to the rise in
penetration of electric vehicles around the world, and increasing degrees of
electrification and hybridization, which in turn is projected to be a crucial
factor driving market growth in the upcoming years.
“The Final Report will cover
the impact analysis of COVID-19 on this industry.”
Download/Request Sample Copy of
Strategic Report: https://www.researchnester.com/sample-request-3474
This
report also provides the existing competitive scenario of some of the key
players of the global battery market which includes company profiling of Panasonic
Corporation, GS Yuasa International Ltd., BYD Company Ltd., A123 Systems LLC,
Samsung SDI Co., Ltd., Toshiba Corporation, LG Chem Ltd., NEC Corporation, Sony
Corporation, Contemporary Amperex Technology Co., and others. The profiling
enfolds key information of the companies which encompasses business overview,
products and services, key financials and recent news and developments. On the
whole, the report depicts detailed overview of the global battery market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research Nester
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more
Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203
608 5919
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