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Battery Technology Market Key Manufacturers Analysis & Growth Forecast 2025


Battery Technology Market by Technology Type (Lithium-Ion Battery, Lead Acid Battery, Nickel Metal Hydride Battery, Other Battery Technologies), Application (Power & Utilities, Transportation, Consumer Electronics) and Region - Global Forecast to 2025 – PowerPoint PPT presentation

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Title: Battery Technology Market Key Manufacturers Analysis & Growth Forecast 2025

MarketsandMarkets Presents
Global Battery Technology Market Size is
projected to grow from USD 92.0 billion in 2020
to USD 152.3 billion by 2025, at a CAGR of 10.6.
Major factors fueling the market growth include
rising adoption of battery technology in the
renewable energy industry, surging demand for
automation and battery-operated material-handling
equipment in industries, the growing use of
electric and hybrid electric vehicles, increasing
deployment of batteries in the utilities sector.
MarketsandMarkets Presents
Lithium-Ion battery to lead Battery Technology
Market by 2025. The growing use of PHEVs is
likely to drive the Li-ion battery market during
the forecast period. Li-ion batteries are used in
a wide range of portable devices and industrial
applications. Furthermore, Li-ion battery
technology increases efficiency and improves
device customizability. Moreover, continuous
development in the consumer electronics sector
has boosted the growth of the Li-ion battery
market. Get PDF Brochure _at_ https//www.marketsand
MarketsandMarkets Presents
Transportation to hold the largest share of the
Battery Technology Market during the forecast
period. The increase in the production of
electric vehicles and the subsequent demand for
lithium-ion batteries is driving the Battery
Technology Market in transportation. Electric
vehicles are perceived as the future of the
automobile industry and transportation system.
More automobile companies are involved in the
development of new and improved EVs. The rise in
demand for electric vehicles and hybrid electric
vehicles will consequently raise the demand for
MarketsandMarkets Presents
Asia Pacific to hold the largest market share
for Battery Technology during the forecast
period. The adoption of battery technology is
high in APAC as the region mainly comprises
developing economies such as China and India,
which have a huge potential for many application
areas within the Battery Technology Market.
Moreover, recent infrastructure developments and
industrialization activities in emerging nations
have opened new avenues and opportunities for the
Battery Technology Market in APAC. Further, the
increase in the production of electric vehicles
and batteries used in vehicles is driving the
Battery Technology Market in the APAC.
MarketsandMarkets Presents
Key Players Major Players in the Battery
Technology Market are Clarios (US), Panasonic
Corporation (Japan), Samsung SDI (South Korea),
Chaowei Power (China), Contemporary Amperex
Technology (China), Enersys (US), LG Chem (South
Korea), BYD Company (China), and Hitachi Chemical
(Japan). Browse For More Details -
MarketsandMarkets Presents
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understanding of the unmet insights along with
market sizing and forecasts of niche markets.
MarketsandMarkets Presents
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INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email Visit Our Website
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