LONDON, June 15, 2022 (GLOBE NEWSWIRE) -- The batteries market is expected to grow at a CAGR of over 13% during the forecast period. The accelerating EV industry (passenger cars and commercial vehicles) will be front and center of the battery market growth over the next decade. Both the battery and EV industries will have to work closely with the public sector, capital markets, and other stakeholders to scale cheaper, longer life, cleaner, and more recyclable batteries, battery components, and battery materials. Also, the circular battery economy will be critical to the energy transition, and it is vital for nations (and companies) to develop domestic recycling.
The Batteries Market Research Report offered by GlobalData Plc provides an overview of the battery market and the key trends impacting its growth over the next 12 to 24 months, including core segments, raw materials, smelting and refining, component makers, battery technologies, end markets, and end of life.
To know more about the battery market forecast, download a free sample
Key Technology Trends Impacting the Battery Market
- The lithium era
- Battery materials
- The silicon and graphene revolution
- Quantum glass technology
- Sodium technology
- Liquid metal battery technology
- The Tesla factor
- Solid-state battery technology
- Developing solid-state battery technology
- Energy storage and battery alternatives
- Ultracapacitors
Due to lithium’s (Li) unmatched combination of lightness and high-energy density, Li-based batteries will dominate the sector for the foreseeable future. Recent advances in the energy density of lithium iron phosphate (LFP) batteries mean that LFP technology will compete increasingly with Li-ion batteries for electric vehicle (EV) and stationary storage applications. Tesla and BYD, among others, are basing some EV models on LFP batteries.
For more insights on key technology trends impacting the battery theme, download a free sample
Key Macroeconomic Trends Impacting the Battery Market
- Impending battery shortage
- Electric vehicles
- Battery recycling
- The geopolitical battery arms race
- ESG
- Nickel bottleneck
- Vertical integration
For more insights on key macroeconomic trends impacting the battery theme, download a free sample
Key Regulatory Trends Impacting the Battery Market
- Exemplary Norway
- Competition in the Lithium Triangle
- COP26 fallout
- Graphite tariffs
For more insights on key regulatory trends impacting the battery theme, download a free sample
Leading Public Companies in the Battery Market
- BYD
- Contemporary Amperex Technology (CATL)
- LG Energy Solution
- Panasonic
- QuantumScape
- Samsung SDI
- Tesla
To know more about leading public companies associated with the battery theme, download a free sample
Leading Private Companies in the Battery Market
- Ambri
- NorthVolt
- Sila Nano
To know more about leading private companies associated with the battery theme, download a free sample
Battery Market Overview
| Market Size 2020 | $55 billion |
| CAGR | >13% |
| Forecast Period | 2021-2030 |
| Key Technology Trends | The Lithium Era, Battery materials, The Silicon and Graphene Revolution, Quantum Glass Technology, Sodium Technology, Liquid Metal Battery Technology, The Tesla Factor, Solid-State Battery Technology, Developing Solid-State Battery Technology, Energy Storage and Battery Alternatives, and Ultracapacitors |
| Key Macroeconomic Trends | Impending Battery Shortage, Electric Vehicles, Battery Recycling, The Geopolitical Battery Arms Race, ESG, Nickel Bottleneck, and Vertical Integration |
| Key Regulatory Trends | Exemplary Norway, Competition in The Lithium Triangle, COP26 Fallout, and Graphite Tariffs |
| Leading Public Companies | BYD, Contemporary Amperex Technology (CATL), LG Energy Solution, Panasonic, QuantumScape, Samsung SDI, and Tesla |
| Leading Private Companies | Ambri, NorthVolt, and Sila Nano |
Battery Market Report Scope
- This report provides an overview of the batteries theme.
- It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
- It includes analysis of multiple data sets, including patents and M&A trends, alongside a timeline highlighting milestones in the development of the batteries.
- The detailed value chain discusses the core segments, including raw materials, smelting and refining, component makers, battery technologies, end markets, and end of life.
FAQs
What was the battery market size in 2020?
The battery market size was valued at $55 million in 2020.
What is the battery market growth rate?
The battery market is expected to grow at a CAGR of more than 13% during the forecast period.
What are the key technology trends impacting the battery market?
The key technology trends impacting the battery theme are the lithium era, battery materials, the silicon and graphene revolution, quantum glass technology, sodium technology, liquid metal battery technology, the tesla factor, solid-state battery technology, developing solid-state battery technology, energy storage and battery alternatives, and ultracapacitors.
What are the key macroeconomic trends impacting the battery market?
The key macroeconomic trends impacting the battery theme are Impending battery shortage, electric vehicles, battery recycling, the geopolitical battery arms race, ESG, nickel bottleneck, and vertical integration.
What are the key regulatory trends impacting the battery market?
The key regulatory trends impacting the battery theme are exemplary Norway, competition in the lithium triangle, COP26 fallout, and graphite tariffs.
Which are the leading public companies in the battery market?
The leading public companies in the battery market are BYD, Contemporary Amperex Technology (CATL), LG Energy Solution, Panasonic, QuantumScape, Samsung SDI, and Tesla.
Which are the leading private companies in the battery market?
The leading private companies in the battery market are Ambri, NorthVolt, and Sila Nano.
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