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As per the report 'Global Battery Market Overview, 20- 2026' published by Actual Market Research, the lithiumion battery segment is expected to cross a market of USD 60 Billion by the end of the forecasted period. Classified into four segments of lithium-ion, lead-acid, nickel-cadmium nickel-metal hydride based on the battery technology, the former is to record the highest CAGR. Even though the raw material demand-supply mismatch is a hindrance to the market growth, the market is driven by the fact of increasing electric vehicle adoption and consumer electronics. The understanding of the need for a renewable source of energy has added to the market potential. The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26. Aqueous lithium-ion batteries are less heavy, durable, and they can be manufactured in different shapes hence these batteries have been of great interest for military use. LIB batteries are less flammable in nature that makes them engaging for industries that prioritize safety over energy density such as airplanes and submarines. Manufacturers are constantly improving lithium-ion with new enhanced chemical combinations to increase the battery aging life. Increasing demand for wearable devices can boost the battery market performance.
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The market comprises a network of players, including major global players as well as localized regional players. Most of these companies are headquartered in China, making it the highest contributing country, with 12.69% in 2020. Key players in the global battery market Johnson Controls, Exide Technologies, GS Yuasa, Robert Bosch GmbH, Saft Groupe SA, Delphi Automotive LLP, LG Chem, and Panasonic Corporation among others. https://www.actualmarketresearch.com/product/Global-Battery-Market-Overview 2/4 Companies Mentioned: A123 System LLC, BYD Company Limited, CD Technologies Inc, Clarios, Contemporary Amperex Technology Corporation Limited, GS Yuasa International Limited, Hitachi Chemical Corporation Limited, LG Chem Limited, Panasonic Corporation, Saft Group SA, Samsung Corporation Limited, Sony Corporation, Toshiba Corporation.
ASPECTS COVERED IN THE REPORT
- Market Size by Value for the time period (2015-2026F)
- Market Share by Battery Type (Primary Secondary)
- Market Share by Battery Technology (Lead Acid, Lithium Ion, Nickel Cadmium Nickel Metal Hydride)
- Market Share by Battery Application (Automotive, Industrial Portable)
- Market Share by Region
- Market Share by Country
- North America
- Asia Pacific
- Latin America
- Middle East Africa
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Table of Contents Covered In This Global Battery Market Report:
Table of Contents
- Report Methodology
- Global Battery Market Outlook
3.1 Market Share by Value
3.2 Market Share
3.2.1 By Battery Type
3.2.2 By Battery Technology
3.2.3 By Application
3.2.4 By Region
3.2.5 By Country
3.2.6 By Company
3.3. Global Lead Acid Battery Market Outlook
3.4. Global Lithium Ion Battery Market Outlook
3.5. Global Nickel Metal Hydride Battery Outlook
3.6. Global Nickel Cadmium Battery Outlook
- North America Battery Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Battery Type
4.2.2. By Battery Technology
4.2.3. By Application
4.2.4. By Country
4.3. US Battery Market Outlook
4.3.1. Market Size by Value
4.3.2. Market Share
188.8.131.52. By Battery Technology
184.108.40.206. By Application
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