$152+ bn battery technology market by technology type,application and region-forecast to 2025

摘要

The”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”report has been added to ResearchAndMarkets.corn's offering.The Global Battery Technology Market is Estimated to Grow from $92 bn in 2020 to $152.3 bn by 2025,at a CAGR of 10.6%.Major factors fuelling the market growth include increasing demand for electric and hybrid electric vehicles,high demand for battery technology in the renewable energy sector,upsurge in demand for automation & battery-operated material-handling equipment in industries,and high demand from the utility sector.The key players in the market include 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),Hitachi Chemical(Japan)and Others.Lithium-ion batteries are used mainly for automotive applications;in consumer electronics,such as smartphones,laptops,tablets,wearable devices,and other home applications.Electric vehicles are perceived as the future of the automobile industry and transportation system.The growing use of PHEVs is likely to drive the Li-ion battery market during the forecast period.