Semiconductor and Electronic Survey

An energy storage device known as a battery is widely utilised in the transportation, consumer electronics, power & utility, as well as industrial, commercial & residential, and medical sectors. Players offering batteries based on various technologies make up the battery technology market. The market is diverse, and many businesses are fighting with one another along the entire value chain to maintain and grow their market share. The demand for electric and hybrid vehicles will certainly expand in the near future, which will lead to significant growth for the   Battery Technology Market . At a CAGR of 10.6%, it is predicted that the size of the global battery technology market would increase from USD 92.0 billion in 2020 to USD 152.3 billion by 2025. The top three companies in the Battery Technology Market are Clarios (US), Panasonic Corporation (Japan), and Samsung SDI (South Korea). Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253343109 CLA

Global   Battery Technology Market   Size is projected to grow from USD 92.0 billion in 2020 to USD 152.3 billion by 2025, at a CAGR of 10.6%. Major factors fueling the market growth include rising adoption of battery technology in the renewable energy industry, surging demand for automation and battery-operated material-handling equipment in industries, the growing use of electric and hybrid electric vehicles, increasing deployment of batteries in the utilities sector. “Lithium-Ion battery to lead Battery Technology Market by 2025.” The growing use of PHEVs is likely to drive the Li-ion battery market during the forecast period. Li-ion batteries are used in a wide range of portable devices and industrial applications. Furthermore, Li-ion battery technology increases efficiency and improves device customizability. Moreover, continuous development in the consumer electronics sector has boosted the growth of the Li-ion battery market. Get PDF Brochure @  https://www.marketsandmarkets.com