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Battery Market

Published Dec 29, 2025
Length 135 Pages
SKU # CMI20729369

Description

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.

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 (USD Bn) 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
  • Type Insights (Revenue, USD Bn, 2025 - 2032)
  • Primary Battery
  • Secondary Battery
  • Technology Insights (Revenue, USD Bn, 2025 - 2032)
  • 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
  • Application Insights (Revenue, USD Bn, 2025 - 2032)
  • Automotive Batteries
  • Industrial Batteries
  • Portable Batteries
  • Power Tools Batteries
  • SLI Batteries
  • Other Applications
  • Regional Insights (Revenue, USD Bn, 2025 - 2032)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Rest of Latin America
  • Europe
  • Germany
  • U.K.
  • Spain
  • France
  • Italy
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa
  • South Africa
  • GCC Countries
  • Israel
  • Rest of 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

135 Pages
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
4. Global Battery Market, By Type, 2020-2032, (USD Bn)
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, (USD Bn)
Secondary Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
5. Global Battery Market, By Technology, 2020-2032, (USD Bn)
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, (USD Bn)
Lithium-ion Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Nickel-metal Hydride (NiMH) Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Nickel-cadmium (NiCD) Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Nickel–zinc (NiZn) Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Flow Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Sodium–sulfur (NAS) Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Zinc-manganese Dioxide Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Small Sealed Lead-acid Battery
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Other Technologies
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
6. Global Battery Market, By Application, 2020-2032, (USD Bn)
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, (USD Bn)
Industrial Batteries
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Portable Batteries
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Power Tools Batteries
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
SLI Batteries
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
Other Applications
Introduction
Market Size and Forecast, 2020–2032, (USD Bn)
7. Global Battery Market, By Region, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
North America
Regional Trends
Market Size and Forecast, By Type, 2020–2032, (USD Bn)
Market Size and Forecast, By Technology, 2020–2032, (USD Bn)
Market Size and Forecast, By Application, 2020–2032, (USD Bn)
Market Size and Forecast, By Country, 2020–2032, (USD Bn)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Type, 2020–2032, (USD Bn)
Market Size and Forecast, By Technology, 2020–2032, (USD Bn)
Market Size and Forecast, By Application, 2020–2032, (USD Bn)
Market Size and Forecast, By Country, 2020–2032, (USD Bn)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Type, 2020–2032, (USD Bn)
Market Size and Forecast, By Technology, 2020–2032, (USD Bn)
Market Size and Forecast, By Application, 2020–2032, (USD Bn)
Market Size and Forecast, By Country, 2020–2032, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Type, 2020–2032, (USD Bn)
Market Size and Forecast, By Technology, 2020–2032, (USD Bn)
Market Size and Forecast, By Application, 2020–2032, (USD Bn)
Market Size and Forecast, By Country, 2020–2032, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East & Africa
Regional Trends
Market Size and Forecast, By Type, 2020–2032, (USD Bn)
Market Size and Forecast, By Technology, 2020–2032, (USD Bn)
Market Size and Forecast, By Application, 2020–2032, (USD Bn)
Market Size and Forecast, By Country, 2020–2032, (USD Bn)
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
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Tesla
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
AESC (Automotive Energy Supply Corporation)
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
GS Yuasa Corporation
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Coslight
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Hitachi, Ltd
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Johnson Controls International plc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Honeywell International Inc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Bosch Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Varta AG
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Pinnacle Electronics Inc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Microvast Holdings, Inc
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Liontown Resources Limited
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Freudenberg Group
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
9. Wheel of Fortune
Wheel of Fortune
Analyst View
Coherent Opportunity Map
10. Section
References
Research Methodology
About us and Sales Contact
How Do Licenses Work?
Request A Sample
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