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

Battery Market Size to Reach USD 328.07 Billion in 2028

Urja Daily by Urja Daily
October 8, 2021
in Market Research
Reading Time: 4 mins read
0
Full charged battery
Share on FacebookShare on TwitterShare on Linkedin

NEW YORK – The global battery market size is expected to reach USD 328.07 billion in 2028 and register a revenue CAGR of 13.7% over the forecast period, according to the latest report by Reports and Data. Rising consumer electronics demand and battery technology advancements are significant factors driving market revenue growth currently. Increasing initiatives by automotive OEMs to manufacture Electric Vehicle (EV) batteries is also expected to boost revenue growth of the market going ahead. For instance, Nissan Motor Co., Ltd. announced in July 2021 that the company would invest in a new Gigafactory with a capacity to manufacture 100,000 EV batteries per year. It will also leverage its expertise in crossover and the worldwide success of the Nissan LEAF, and is focusing on offering next-generation vehicle styling, efficiency, and battery technology, making the switch to electric driving even more accessible.

Northvolt AB is designing a blueprint for next-generation Lithium-ion battery production that is different from traditional battery manufacturing plants. They company aims to improve battery performance, quality, and affordability by leveraging scalability, vertical integration, and automated production. In Salzgitter, Lower Saxony, Germany, the Northvolt–Volkswagen Group Joint Venture is developing a battery manufacturing plant. Northvolt Zwei is based on the Northvolt battery manufacturing blueprint created for Northvolt Ett. Development is set to begin in 2021, with operations to begin in early 2024. The first year’s production will be 16 GWh. However, safety concerns associated with using batteries are expected to limit its adoption and restrain market growth to a certain extent over the forecast period.

RELATED POSTS

Can Electric Buses Fully Replace Diesel by 2030?

Key Trends Driving the Future of the Global Actuator Sensor Interface Market

RND offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough, request for custom research report

Some Key Highlights from the Report:

  • Small sealed lead-acid battery segment is expected to account for a significantly large revenue share in the global market during the forecast period. This is the most widely used storage battery type, and has application in Uninterruptible Power Supply (UPS), automotive, medical equipment, and telecommunications.
  • Power tools segment is expected to register robust revenue CAGR over the forecast period due to rising usage of batteries like nickel cadmium (NiCd), nickel metal hydride (NiMH), and lithium-ion (Li-Ion) in power tools.
  • North America is expected to register robust revenue CAGR over the forecast period. Decrease in cost of Li-ion batteries, increased consumer electronics sales, and rising use of electric vehicles are factors driving North America market revenue growth.
  • Major companies operating in the market include Johnson Controls International PLC, Tesla, Inc., Exide Technologies, Inc., NEC Corporation, Duracell Inc., Delphi Automotive LLP, Automotive Energy Supply Corporation, Contemporary Amperex Technology Co. Limited, Robert Bosch GmbH, and Trojan Battery Company
  • In September 2021, BASF SE and Contemporary Amperex Technology Co., Limited (CATL) formed a collaborative agreement on battery materials solutions, including Cathode Active Materials (CAM) and battery recycling. This partnership intends to develop a long-term battery value chain in support of CATL’s European expansion and contribute towards both firms’ global carbon neutrality objectives.

For the purpose of this report, Reports and Data has segmented the battery market based on type, technology, application, and region:  

Type Outlook (Revenue, USD Billion; 2018-2028)

  • Primary Battery
  • Secondary Battery

Technology Outlook (Revenue, USD Billion; 2018-2028)

  • Lead-acid Battery
  • Nickel-metal Hydride (NiMH) Battery
  • Nickel-cadmium (NiCd) Battery
  • Nickel–zinc (NiZn) Battery
  • Lithium-ion (Li-ion) Battery
  • Small Sealed Lead-acid Battery
  • Flow Battery
  • Zinc-Manganese Dioxide (Zn-MnO2) Battery
  • Sodium–Sulfur (NAS) Battery
  • Others

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Industrial
    • Traction Batteries
    • Stationary Batteries
      • Uninterruptible Power Supply (UPS)
      • Energy Storage Systems (ESS)
      • Telecom Batteries
  • Automotive
    • Electric Vehicle
    • Plug-In Hybrid Electric Vehicle (PHEV)
    • Hybrid Electric Vehicles (HEVs)
  • Consumer Electronics
  • Starting Lighting and Ignition (SLI)
  • Power Tools

Regional Outlook (Revenue, USD Billion; 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Israel
    • Rest of MEA
Tags: AutomotiveBatterydataelectric vehicleelectronicsEVTechnology
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Electric Buses

Can Electric Buses Fully Replace Diesel by 2030?

by Palak
June 4, 2025
0

As the world accelerates its efforts to decarbonize transportation, electric buses are rapidly becoming the backbone of urban transit strategies....

Persistence Market Research

Key Trends Driving the Future of the Global Actuator Sensor Interface Market

by Palak
June 4, 2025
0

As industries transition toward smart factories and digital manufacturing, the Actuator Sensor Interface Market has emerged as a critical enabler of...

Low Carbon Building

Massive Growth Ahead: Low Carbon Building Market Eyes $1.3 Trillion by 2033

by Palak
May 9, 2025
0

According to a new report published by Allied Market Research, the low carbon building market size was valued at $0.6...

Physical Security Market

Top 5 Breakthroughs Reshaping the Physical Security Market

by Palak
May 7, 2025
0

In an increasingly volatile and unpredictable world, the demand for robust and advanced physical security solutions has never been greater....

Well Intervention Market

Well Intervention Market 2031: Growth Driven by Tech and Subsea Demand

by Palak
May 7, 2025
0

The well intervention market is undergoing a significant transformation driven by the interplay of technological innovation, increasing energy demands, and...

Next Post
Sungrow-1500V-String-Inverter-SG350HX

Sungrow Debuts an Ultra Powerful String Inverter SG350HX

renewable-energy

Keystone Power Holdings Focuses Approach on Education Sector

Leave a Reply Cancel reply

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

RECOMMENDED

LNG Market

Leading LNG Exporters Driving the Global Market

June 9, 2025
Orb Energy

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

June 9, 2025
  • 643 Followers
  • 23.9k Followers

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

Leading LNG Exporters Driving the Global Market

Bergen Pipe Supports Goes Solar with 700 kW Rooftop System from Orb Energy

Recyclekaro Group Brings Recycling to the Doorstep with Its New D2C Platform

Errol Musk Wraps Up 6-Day India Tour, Applauds Green Tech and Rich Culture

HyperloopTT’s Italian Project Begins Operations

World Environment Day 2025

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