DUBLIN–(BUSINESS WIRE)–The “Battery – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Battery Market to Reach $279.7 Billion by 2027
Amid the COVID-19 crisis, the global market for Battery estimated at US$120.4 Billion in the year 2020, is projected to reach a revised size of US$279.7 Billion by 2027, growing at a CAGR of 12.8% over the analysis period 2020-2027. Lead Acid, one of the segments analyzed in the report, is projected to record a 11.8% CAGR and reach US$76.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Li-Ion segment is readjusted to a revised 14.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $32.5 Billion, While China is Forecast to Grow at 16.6% CAGR
The Battery market in the U.S. is estimated at US$32.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$61.1 Billion by the year 2027 trailing a CAGR of 16.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 11.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10% CAGR.
Nickel Metal Hydride Segment to Record 12.6% CAGR
In the global Nickel Metal Hydride segment, USA, Canada, Japan, China and Europe will drive the 11.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$18 Billion in the year 2020 will reach a projected size of US$39.2 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$41.8 Billion by the year 2027, while Latin America will expand at a 14.1% CAGR through the analysis period.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 34 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mv1mhp
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HONG KONG SAR - Media OutReach Newswire - 7 May 2024 - From international rugby…
Lee Kum Kee aims to equip these individuals with the professional skills and knowledge to…
HONG KONG--(BUSINESS WIRE)--Inocras Hong Kong, in partnership with Cancerinformation.com.hk Charity Foundation (CICF) and generously sponsored…
TOKYO--(BUSINESS WIRE)--The ASEAN-Japan Centre (AJC) renewed its official website (https://www.asean.or.jp/). On the top page of…
Being accredited allows Fortanix to establish strong credentials as a trusted data security provider with…
Exceeds Guidance Ranges with Record Revenue and Net Income Per Share BANGKOK--(BUSINESS WIRE)--Fabrinet (NYSE: FN),…