Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Rechargeable Batteries Market to Reach $150.0 Bn, Globally

Urja Daily by Urja Daily
October 28, 2021
in Market Research
Reading Time: 3 mins read
0
Rechargeable EV-battery
Share on FacebookShare on TwitterShare on Linkedin

PORTLAND – Allied Market Research published a report, titled, “Rechargeable Batteries Market by Battery Type (Lead-Acid Batteries, Li-ion Batteries, NiMH Batteries, NiCd Batteries, and Others), Capacity (150 – 1000 mAh, 1300 – 2700 mAh, 3000 – 4000 mAh, 4000 – 6000 mAh, 6000 – 10000 mAh, and more than 10000 mAh), and Application (Consumer Electronics, Industrial, Automobile, Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.” According to the report, the global rechargeable batteries industry was estimated at $90.0 billion in 2020, and is anticipated to hit $150.0 billion by 2030, registering a CAGR of 5.3% from 2021 to 2030.

Drivers, restraints, and opportunities-

RELATED POSTS

EV Adhesives Market Enabling Safer, Faster, and Smarter Electric Mobility

Offshore Wind Turbine Efficiency Market Projected to Hit $18.7 Billion by 2033

Rise in demand for continuous power supply from the mining and oil & gas industries and increasing need for electrification and continuous power supply in developing regions drive the growth of the global rechargeable batteries market. On the other hand, strict regulations pertaining to emission reduction in fossil fuel-powered equipment impede the growth to some extent. However, advent of digital technology solutions is expected to create lucrative opportunities in the industry.

COVID-19 scenario-

  • The outbreak of the pandemic gave way to disrupted supply chain, thereby impacting the global rechargeable batteries market negatively.
  • However, the global situation is getting ameliorated and the market is projected to recoup soon.

The lead-acid batteries segment to dominate by 2030-

Based on battery type, the lead-acid batteries segment held the major share in 2020, accounting for around three-fifths of the global rechargeable batteries market, owing to the benefit of uninterrupted power supply in automotive, telecommunication, transport vehicles, and electric bikes. At the same time, the Li-ion batteries segment would register the fastest CAGR of 6.1% from 2021 to 2030, due to its growing demand for electric vehicles (EVs). This is attributed to the huge demand for these batteries from the automotive sector.

The consumer electronics segment to maintain the dominant share-

Based on application, the automobile segment contributed to around two-fifths of the global rechargeable batteries market revenue in 2020, and is projected to lead the trail throughout the forecast period. Growing consumption of consumer electronics devices such as LCD displays, smartphones, tablets, and wearable devices such as fitness bands drives the segment growth. However, the consumer electronics segment is projected to grow at the fastest CAGR of 5.9% from 2021 to 2030.

Asia-Pacific, followed by North America, garnered the highest share in 2020-

Based on region, the market across Asia-Pacific contributed to the highest share in 2020, accounting for nearly one-third of the global rechargeable batteries market, and is estimated to continue its dominant share in terms of revenue by 2030. This is because continuous developments in the consumer electronics and automotive verticals have led to a steep increase in the application of rechargeable batteries in the province. Simultaneously, North America is expected to showcase the fastest CAGR of 5.7% during the forecast period. This is due to decreased cost of Li-ion batteries, increased sale of consumer electronics, and rapid adoption of electric vehicles in the region.

Key players in the industry-

  • EnerSysl
  • Exide Technologies
  • Johnson Controls
  • East Penn Manufacturing
  • LG Chem
  • Saft
  • Samsung SDI
  • Panasonic Corporation
  • Apple Inc.
  • STMicroelectronics N.V. 
Tags: Batterylead-acid batteriesLi-ion batteriesNiCd BatteriesNiMH BatteriesRechargeable batteries
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

EV Adhesives Market

EV Adhesives Market Enabling Safer, Faster, and Smarter Electric Mobility

by Palak
August 18, 2025
0

The rapid transition toward electric mobility has sparked a wave of innovation across automotive design, engineering, and materials science. Among...

Offshore Wind Turbine

Offshore Wind Turbine Efficiency Market Projected to Hit $18.7 Billion by 2033

by Palak
August 18, 2025
0

According to our latest research, the Global Offshore Wind Turbine Efficiency market size was valued at $18.7 billion in 2024 and is projected to...

Fire Pump Market

Innovations Driving Growth in the Fire Pump Market

by Palak
August 18, 2025
0

Fire safety has always been a top priority across industrial, commercial, and residential sectors, but the expectations from equipment manufacturers...

Iron Ore Pellets Market

Decarbonization Targets Driving Transformation in the Iron Ore Pellets Market

by Palak
August 13, 2025
0

The global iron and steel industry is at a pivotal moment. Once considered one of the largest carbon emitters in...

Sustainable Construction Chemicals Market

Global Spotlight on Sustainable Construction Chemicals Market

by Palak
August 12, 2025
0

The Construction Chemicals Market is undergoing a transformative shift, with sustainability emerging as a defining factor in purchasing decisions, production...

Next Post
Lucid

Lucid Confirmed First Customer Deliveries to Take Place

Smart Energy Consumer Collaborative

Research Finds Many Renters Unable to Participate in Clean Energy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

SWERL

SWERL Wins EPC Contract from NTPC REL for 245 MW Solar Project

August 18, 2025
EV Adhesives Market

EV Adhesives Market Enabling Safer, Faster, and Smarter Electric Mobility

August 18, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

SWERL Wins EPC Contract from NTPC REL for 245 MW Solar Project

EV Adhesives Market Enabling Safer, Faster, and Smarter Electric Mobility

Offshore Wind Turbine Efficiency Market Projected to Hit $18.7 Billion by 2033

Innovations Driving Growth in the Fire Pump Market

VinFast’s Rapid EV Expansion in Tamil Nadu Highlights Bold Growth Ambitions

Eastman Unveils SolarLink Grid-Tie Inverter Range to Boost Energy Independence

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved