DUBLIN--(BUSINESS WIRE)--Oct 31, 2022--
The "Rechargeable Batteries: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Rechargeable Batteries Market to Reach $147.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Rechargeable Batteries estimated at US$100.2 Billion in the year 2020, is projected to reach a revised size of US$147.2 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Lead Acid, one of the segments analyzed in the report, is projected to record a -4.7% CAGR and reach US$34.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium-Ion segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $27.3 Billion, While China is Forecast to Grow at 8.9% CAGR
The Rechargeable Batteries market in the U.S. is estimated at US$27.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.2 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR.
Other Battery Chemistries Segment to Record 9.1% CAGR
In the global Other Battery Chemistries segment, USA, Canada, Japan, China and Europe will drive the 8.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.8 Billion in the year 2020 will reach a projected size of US$17.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$20.6 Billion by the year 2027, while Latin America will expand at a 10.7% CAGR through the analysis period.
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Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
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KEYWORD:
INDUSTRY KEYWORD: TECHNOLOGY BATTERIES
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/31/2022 07:03 AM/DISC: 10/31/2022 07:03 AM
http://www.businesswire.com/news/home/20221031005375/en