Semiconductor and Electronic Survey

The   Battery Technology Market  by Lithium-ion Type (Lithium Cobalt Oxide, Li-Iron Phosphate), Lead-Acid Type (Flooded, Valve Regulated), Nickel Metal Hydride, Flow, Metal-Air, Nickel-Cadmium & Solid State Battery), Vertical, Region – Global Forecast to 2027. The Global Battery Technology Market Size is estimated to be USD 95.7 billion in 2022 and is projected to reach USD 136.6 billion by 2027, at a CAGR of 7.4%. The increasing demand for battery-operated electric vehicles and rising adoption of various batteries in renewable energy industry are responsible for the growth of battery technology market. Additionally, the installation of batteries is increasing rapidly in utility sector, which is also responsible for the growth of the market.   Key Players:   Major companies operating in this battery technology market includes LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corpora

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