Learn about the global batteries market through The Business Research Company, which provides information on batteries market size, batteries market drivers and restraints, batteries market players, the COVID-19 impact on the batteries market, and more.

The global batteries market size is expected to grow from $83.83 billion in 2021 to $96.10 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The battery market is expected to reach $161.24 billion in 2026 at a CAGR of 13.8%.

Request A Sample For The Global Batteries Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2123&type=smp

The batteries market consists of sales of batteries by entities (organizations, sole traders and partnerships) that produce primary and storage batteries. Examples of primary batteries include disposable flashlight batteries, dry cells, primary (e.g., AAA, AA, C, D, 9V), lithium batteries, primary, and watch batteries. Examples of storage batteries include lead acid storage batteries, lithium storage batteries, and rechargeable nickel-cadmium (NICAD) batteries.

Global Batteries Market Segments Include:

By Type: Secondary Batteries, Primary Batteries

By Application: Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Others

By Sales Channel: OEM, Aftermarket

By Mode: Online, Offline

Subsegments Covered: Lead Acid, Lithium-Ion (Li-Ion), Nickel-Cadmium (Ni-Cd), Nickel Metal Hydride, Other Secondary Batteries, Alkaline Primary Batteries, Lithium Primary Batteries, Other Primary Batteries

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the batteries market in 2021.

Flow batteries are gaining prominence due to low energy density than normal lithium ion batteries. Flow batteries are rechargeable batteries where chemical energy is provided by the two chemical components dissolved in liquids which are contained within a system. It doubles the maximum voltage and yields high storage capacity of renewable power. They have the advantage of supplying power to a large network of electric grid by storing a huge amount of energy than traditional batteries.

TBRC’s batteries market report covers:

Major Market Players: Samsung SDI, LG Chem Ltd, BYD Electronic (International) Co Ltd, TDK Corp, Panasonic Corporation, Chaowei Power Holdings ltd, GS Yuasa, Brookfield Asset Management, SK Holdings and Berkshire Hathaway Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Batteries Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides batteries market overviews, analyzes and forecasts market size, share, batteries market players, batteries market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s batteries market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here Is A List Of Similar Reports From The Business Research Company:

Alkaline Primary Batteries Global Market Report 2022

Electric Vehicle (EV) Batteries Global Market Report 2022

Electrical Equipment Global Market Report 2022

Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.

Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: