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

Key Growth Drivers of the U.S. Charging-as-a-Service Market

Top 5 Emerging Opportunities in the LDPE 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

EV Adoption Accelerates

Key Growth Drivers of the U.S. Charging-as-a-Service Market

by Palak
June 27, 2025
0

The rapid transition towards clean energy and sustainable mobility has placed electric vehicles (EVs) at the forefront of the transportation...

LDPE Market

Top 5 Emerging Opportunities in the LDPE Market

by Palak
June 25, 2025
0

The Low Density Polyethylene Market is witnessing a significant surge in demand across multiple sectors. From flexible packaging to agriculture and...

E-bike

E-bike Market Trends 2025: What Every Investor and Manufacturer Needs to Know

by Palak
June 19, 2025
0

As the world shifts toward sustainable transportation, the electric bike or e-bike industry is gaining remarkable momentum. Investors and manufacturers...

Automotive HMI Market

Top 7 Trends Shaping the Automotive HMI Market in 2025

by Palak
June 17, 2025
0

The Automotive Human Machine Interface (HMI) Market is undergoing a transformative shift as vehicles become more intelligent, connected, and user-centric. In...

Bauxite Market

Top Bauxite Producing Countries and the Factors Driving Their Dominance

by Palak
June 16, 2025
0

The Bauxite Market in Focus The Bauxite Market is witnessing a strong upward trend, supported by the rising demand for aluminum in...

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

THDC

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

June 28, 2025
World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

June 28, 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

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

Toyota Kirloskar Motor Partners with Ohmium to Advance Green Hydrogen Solutions in India

NSE Waives Transaction Charges on Electricity Futures Until December 2025

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

An Exclusive Interview with Rachna Kango | Delta Electronics India Private Limited

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