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    Battery Market

    ID: 2154
    110 Pages
    Research Team
    07/2025

    Battery Market Research Report Information By Battery Type (Lead-acid Battery, Flow Battery, Nickel-metal Hybrid Battery, Small Sealed Lead-acid Battery, Sodium-sulfur Battery, Zinc-manganese dioxide Battery, Lithium-ion Battery, Nickel-ion Battery, Others), By Application (SLI Batteries, Automotive Batteries, Portable Batteries, Industrial Batteries, Power Tool Batteries, Consumer Electronics)...

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    Market Summary

    Research Methodology on Battery Market


    Introduction


    The research methodology for the report “Global Battery Market by Market Research Future (MRFR) involves a comprehensive study of the primary and secondary data sources. From the qualitative and quantitative assessment of the current trends, opportunities, and challenges in the market, this report is developed using both primary sources including surveys, interviews, and observations, and secondary sources such as company financials, websites, journals, and market reviews.


    Research Design


    To conduct an in-depth analysis of the Global Battery Market, MRFR adopted a combination of exploratory and descriptive research designs. MRFR utilized secondary data sources such as published articles, industry journals and records, market overview reviews, investor presentations, government websites and statistics, and industry bodies such as the World Energy Council and the International Energy Agency to gain an overview of the current market size, trends, drivers, and challenges. Primary data is collected from industry experts and other stakeholders through qualitative and quantitative interviews and structured questionnaires and surveys. Both methods are used to triangulate the data and ensure that the results and findings are reliable and accurate.


    The objective of the Study


    The primary objective of this report is to provide an in-depth analysis of the Global Battery Market, with an emphasis on current trends and drivers, challenges and opportunities, and key market segments. The secondary objective is to assess the market size and trends over the forecast period of 2023-2030.


    Scope of the Study


    The published report provides an in-depth analysis of the Global Battery Market, covering the following key aspects:


    Market Size and Trends


    Drivers and Challenges


    Key Segments


    Value Chain Analysis


    Competitive Landscape


    Key Market Players


    Regional Analysis


    Methodology


    MRFR’s research methodology for this report includes both primary and secondary sources of data. The primary sources of data include qualitative and quantitative techniques, with interviews and questionnaires administered to industry experts and other key stakeholders to gain an understanding of the market dynamics and key market segments. Secondary data sources involve the use of published articles, company websites, market overviews and reviews, investor presentations, and research papers and journals.


    Data Collection


    MRFR gathered primary data through qualitative and quantitative techniques. Semi-structured surveys, interviews, and discussions with industry experts, consultants, and other stakeholders were conducted to gain a better understanding of the Global Battery Market. This includes a detailed assessment of the current trends, market drivers and challenges, key market segments, value chains, competitive landscape, and regional analysis.


    In addition to primary data collection, MRFR relied on comprehensive secondary data sources, including published market reports, industry journals, market reviews, government websites, websites of industry bodies and organizations, and databases of industry information. This data is triangulated to ensure accuracy and reliability.


    Data Analysis


    The data collected from both primary and secondary sources are used to analyze the Global Battery Market. This includes the use of both qualitative and quantitative techniques such as the Market Attractiveness Model and data analysis tools such as Porter’s Five Forces Model and SWOT Analysis. The data is analyzed and presented in a user-friendly format for easy interpretation and further decision-making.

    Market Size & Forecast

    Attribute/Metric Details
    Market Size 2023 USD 122.3 Billion
    Market Size 2024 USD 139.36 Billion
    Market Size 2032 USD 475.37 Billion
    Compound Annual Growth Rate (CAGR) 15.20% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Battery Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Panasonic Corporation, LG Chem, Johnson Controls Inc, Exide Technologies, The Furukawa Battery Co. Ltd, Chaowei Power Holding Ltd, Penn Manufacturing Company Inc, Fengfang Co. Ltd, Saft Groupe, Delphi Automotive
    Key Market Opportunities The rising demand for electronic and hybrid vehicles
    Key Market Dynamics The increasing demand for transportation and electronic vehicles

    Major Players

    Battery Market Segmentation

    Battery Type Outlook (USD Million, 2018-2030)

    • Lead-acid Battery

    • Flow Battery

    • Nickel-metal Hybrid Battery

    • Small Sealed Lead-acid Battery

    • Sodium-sulfur Battery

    • Zinc-manganese dioxide Battery

    • Lithium-ion Battery

    • Nickel-ion battery

    • Others

    Battery Application Outlook (USD Million, 2018-2030)

    • SLI Batteries

    • Automotive Batteries

    • Portable Batteries

    • Industrial Batteries

    • Power Tool Batteries

    • Consumer Electronics

    Battery Regional Outlook (USD Million, 2018-2030)

    • North America Outlook (USD Million, 2018-2030)

      • North America Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • North America Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • US Outlook (USD Million, 2018-2030)

      • US Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • US Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • CANADA Outlook (USD Million, 2018-2030)

      • CANADA Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • CANADA Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

    • Europe Outlook (USD Million, 2018-2030)

      • Europe Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Europe Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Germany Outlook (USD Million, 2018-2030)

      • Germany Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Germany Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • France Outlook (USD Million, 2018-2030)

      • France Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • France Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • UK Outlook (USD Million, 2018-2030)

      • UK Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • UK Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • ITALY Outlook (USD Million, 2018-2030)

      • ITALY Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • ITALY Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • SPAIN Outlook (USD Million, 2018-2030)

      • Spain Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Spain Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Rest Of Europe Outlook (USD Million, 2018-2030)

      • REST OF EUROPE Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • REST OF EUROPE Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

    • Asia-Pacific Outlook (USD Million, 2018-2030)

      • Asia-Pacific Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Asia-Pacific Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • China Outlook (USD Million, 2018-2030)

      • China Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • China Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Japan Outlook (USD Million, 2018-2030)

      • Japan Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Japan Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • India Outlook (USD Million, 2018-2030)

      • India Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • India Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Australia Outlook (USD Million, 2018-2030)

      • Australia Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Australia Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Rest of Asia-Pacific Outlook (USD Million, 2018-2030)

      • Rest of Asia-Pacific Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Rest of Asia-Pacific Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

    • Rest of the World Outlook (USD Million, 2018-2030)

      • Rest of the World Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Rest of the World Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Middle East Outlook (USD Million, 2018-2030)

      • Middle East Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Middle East Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Africa Outlook (USD Million, 2018-2030)

      • Africa Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Africa Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

      • Latin America Outlook (USD Million, 2018-2030)

      • Latin America Battery by Battery Type

        • Lead-acid Battery

        • Flow Battery

        • Nickel-metal Hybrid Battery

        • Small Sealed Lead-acid Battery

        • Sodium-sulfur Battery

        • Zinc-manganese dioxide Battery

        • Lithium-ion Battery

        • Nickel-ion battery

        • Others

      • Latin America Battery by Application

        • SLI Batteries

        • Automotive Batteries

        • Portable Batteries

        • Industrial Batteries

        • Power Tool Batteries

        • Consumer Electronics

    Market Trends

    Global Battery Market Overview

    Battery Market Size was valued at USD 122.3 Billion in 2023. The Battery industry is projected to grow from USD 139.36 Billion in 2024 to USD 475.37 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.20% during the forecast period (2024 - 2032). Batteries are essential devices that are primarily used in the automotive industry. They are used for providing electric energy to automobiles for lighting, ignition, etc. 

    Furthermore, a wide variety of vehicles have crucial features such as hybridization and high electrification degree. Therefore, due to the growing Market Opportunities, the demand for better electric vehicles will increase. As a result, the revenue is also evaluated to increase drastically. Apart from that, the Asia-Pacific region is expected to dominate the market in the future years.

    Global Battery Market Size Overview

    Source Secondary Research, Primary Research, MRFR Database, and Analyst Review

    June 2024: Panasonic announced a significant investment in expanding its battery production capacity in Japan. The move aims to meet the growing demand for electric vehicle batteries.

    Battery Market Trends

        • The increasing demand for transportation to bo...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Battery Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Battery Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 122.3 Billion
    Market Size 2024 USD 139.36 Billion
    Market Size 2032 USD 475.37 Billion
    Compound Annual Growth Rate (CAGR) 15.20% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Battery Type, Application, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Panasonic Corporation, LG Chem, Johnson Controls Inc, Exide Technologies, The Furukawa Battery Co. Ltd, Chaowei Power Holding Ltd, Penn Manufacturing Company Inc, Fengfang Co. Ltd, Saft Groupe, Delphi Automotive
    Key Market Opportunities The rising demand for electronic and hybrid vehicles
    Key Market Dynamics The increasing demand for transportation and electronic vehicles

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    jane@domain.com

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM
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    FAQs

    What growth rate can the market expect to achieve during the review period?

    The market is all set to record a notable CAGR of 4% in the next few years.

    What is expected to be the market size by 2023?

    Increasing use of mobiles and laptops, technological advancements, emerging countries, mounting disposable income and government initiatives would ensure that the market size expands magnificently by 2023.

    Who are the renowned players in the global market, as per the report?

    Fengfan Co. Ltd.(China), Penn Manufacturing Company, Inc.(U.S.), CamelGroup (Italy), Douglas Battery (U.S.), The Furukawa Battery Co. ltd (Japan), Chaowei Power Holding ltd (China), Zhejiang Haijiu Battery Co. Ltd (China), Exide Technologies (U.S.), Johnson Controls Inc(U.S.), are the chief players in the market.

    What makes North America a strong market for battery?

    Surge in the number of eco-friendly initiatives and the increasing production of technologically advanced vehicles make North America a strong market for battery.

    Which countries hold the largest share in the APAC market?

    India and China hold the largest share in the APAC market.

    1.  

    Battery Market Segmentation

    Battery Type Outlook (USD Million, 2018-2030)

    • Lead-acid Battery
    • Flow Battery
    • Nickel-metal Hybrid Battery
    • Small Sealed Lead-acid Battery
    • Sodium-sulfur Battery
    • Zinc-manganese dioxide Battery
    • Lithium-ion Battery
    • Nickel-ion battery
    • Others

    Battery Application Outlook (USD Million, 2018-2030)

    • SLI Batteries
    • Automotive Batteries
    • Portable Batteries
    • Industrial Batteries
    • Power Tool Batteries
    • Consumer Electronics

    Battery Regional Outlook (USD Million, 2018-2030)

    • North America Outlook (USD Million, 2018-2030)

      • North America Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • North America Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • US Outlook (USD Million, 2018-2030)

      • US Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • US Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • CANADA Outlook (USD Million, 2018-2030)

      • CANADA Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • CANADA Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

    • Europe Outlook (USD Million, 2018-2030)

      • Europe Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Europe Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Germany Outlook (USD Million, 2018-2030)

      • Germany Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Germany Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • France Outlook (USD Million, 2018-2030)

      • France Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • France Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • UK Outlook (USD Million, 2018-2030)

      • UK Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • UK Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • ITALY Outlook (USD Million, 2018-2030)

      • ITALY Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • ITALY Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • SPAIN Outlook (USD Million, 2018-2030)

      • Spain Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Spain Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Rest Of Europe Outlook (USD Million, 2018-2030)

      • REST OF EUROPE Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • REST OF EUROPE Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

    • Asia-Pacific Outlook (USD Million, 2018-2030)

      • Asia-Pacific Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Asia-Pacific Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • China Outlook (USD Million, 2018-2030)

      • China Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • China Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Japan Outlook (USD Million, 2018-2030)

      • Japan Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Japan Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • India Outlook (USD Million, 2018-2030)

      • India Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • India Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Australia Outlook (USD Million, 2018-2030)

      • Australia Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Australia Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Rest of Asia-Pacific Outlook (USD Million, 2018-2030)

      • Rest of Asia-Pacific Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Rest of Asia-Pacific Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

    • Rest of the World Outlook (USD Million, 2018-2030)

      • Rest of the World Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Rest of the World Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Middle East Outlook (USD Million, 2018-2030)

      • Middle East Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Middle East Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Africa Outlook (USD Million, 2018-2030)

      • Africa Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Africa Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics

      • Latin America Outlook (USD Million, 2018-2030)

      • Latin America Battery by Battery Type
        • Lead-acid Battery
        • Flow Battery
        • Nickel-metal Hybrid Battery
        • Small Sealed Lead-acid Battery
        • Sodium-sulfur Battery
        • Zinc-manganese dioxide Battery
        • Lithium-ion Battery
        • Nickel-ion battery
        • Others
      • Latin America Battery by Application
        • SLI Batteries
        • Automotive Batteries
        • Portable Batteries
        • Industrial Batteries
        • Power Tool Batteries
        • Consumer Electronics
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