Batteries Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s Batteries Global Market Report 2022 – Market Size, Trends, And Forecast 2022-2026

LONDON, GREATER LONDON, UK, March 7, 2022 /EINPresswire.com/ -- According to ‘Batteries Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the battery market size is expected to grow from $83.83 billion in 2021 to $96.10 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. As per TBRC’s battery market outlook the market is expected to reach $161.24 billion in 2026 at a CAGR of 13.8%. Flow batteries are gaining prominence due to low energy density than normal lithium-ion batteries.

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The global batteries market consists of sales of batteries by entities (organizations, sole traders and partnerships) that produce primary and storage batteries. Examples of primary batteries include disposable flashlight batteries, dry cells, primary (e.g., AAA, AA, C, D, 9V), lithium batteries, primary, and watch batteries. Examples of storage batteries include lead acid storage batteries, lithium storage batteries, and rechargeable nickel-cadmium (NICAD) batteries.

Global Batteries Market Trends
Flow batteries are gaining prominence due to low energy density than those in the normal lithium ion battery market. Flow batteries are rechargeable batteries where chemical energy is provided by the two chemical components dissolved in liquids which are contained within a system. It doubles the maximum voltage and yields high storage capacity of renewable power. They have the advantage of supplying power to a large network of electric grid by storing a huge amount of energy than traditional batteries.

Global Batteries Market Segments

The global battery market is segmented:

By Type: Secondary Batteries, Primary Batteries

By Application: Automotive Batteries (as in the electric vehicle battery market), Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Others

By Sales Channel: OEM, Aftermarket

By Mode: Online, Offline

Subsegments Covered: Lead Acid, Lithium-Ion (Li-Ion), Nickel-Cadmium (Ni-Cd), Nickel Metal Hydride, Other Secondary Batteries, Alkaline Primary Batteries, Lithium Primary Batteries, Other Primary Batteries

By Geography: The global batteries market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.

Read more on the global batteries market report at:
https://www.thebusinessresearchcompany.com/report/batteries-global-market-report

Batteries Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides batteries market overviews, analyzes and forecasts batteries market size and growth for the global batteries market, battery market share, batteries market segments and geographies, batteries market players, batteries market leading competitor revenues, profiles and market shares. The batteries market report identifies top countries and segments for opportunities and strategies based on batteries market trends and key competitors’ approaches.

TBRC’s Batteries Global Market Report 2022 includes information on the following:

Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies

Key Market Players: Samsung SDI, LG Chem Ltd, BYD Electronic (International) Co Ltd, TDK Corp, Panasonic Corporation, Chaowei Power Holdings ltd, GS Yuasa, Brookfield Asset Management, SK Holdings and Berkshire Hathaway Inc.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.

Looking for something else? Here is a list of similar reports by The Business Research Company:

Alkaline Primary Batteries Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/alkaline-primary-batteries-global-market-report

Electric Vehicle (EV) Batteries Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/electric-vehicle-batteries-global-market-report

Electrical Equipment Global Market Report 2022
https://www.thebusinessresearchcompany.com/report/electrical-equipment-global-market-report

About The Business Research Company?
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