Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

Battery Technology Industry Worth $136.6 billion by 2027

Joseph Nchor by Editorial Staff
November 9, 2022
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, November 09, 2022 ) The global battery technology market size is expected to grow from USD 95.7 billion in 2022 to USD 136.6 billion by 2027, at a CAGR of 7.4%. The growth of the market is attributed to the rising demand for battery-operated material-handling equipment and automation in various industries as well as increasing installation of batteries in utility sector. However, rising concern regarding storage and transportation of spent batteries is restraining the market growth.

Download PDF Brochure @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=253343109

The battery technology market has promising growth potential due to several factors such as the rising requirement for advanced batteries in data centers and development in wearable devices.

Based on technology type, the market is segregated into lead-acid batteries, lithium-ion batteries, nickel-metal hydride batteries, and other batteries. Lead-acid batteries hold major share of battery technology market in 2021. These batteries are highly utilized as a backup power source in telecommunication systems, automobiles, marine, forklifts, and uninterrupted power supplies (UPS). The easy recyclability of lead-acid batteries compared with lithium-ion batteries, developments in the automotive vertical, and increasing demand for UPS systems are responsible for the growth of the lead-acid battery segment.

Based on verticals, the market is segmented into aerospace, automotive, commercial, consumer electronics, healthcare, industrial, marine, power and utility, residential, transportation, and others. The demand for batteries is increasing because of the growing need for power in electric vehicles, portable devices, medical equipment, commercial aircraft, and industrial equipment. Transportation segment hold the largest share of battery technology market in 2021. The growth of the segment is attributed to the rising adoption of low-cost and easily rechargeable batteries, such as lead-acid batteries, in passenger cars, light commercial vehicles, and heavy commercial vehicles. These factors make them an efficient option for the transportation sector, which is capital-intensive and looking to reduce costs.

The battery technology market has been segmented into North America, Europe, Asia Pacific, and Rest of the World. In 2021, Asia Pacific held the largest share of the battery technology market with only China capturing more than 32% of the overall market. The presence of a large number of consumer electronics manufacturers and an attractive automotive market have increased the adoption of batteries in various countries of the region as they offer various advantages, such as high-power capacity, increased safety, and reduced pollution. In the electric vehicle market, China and Japan are the world’s second- and third-largest countries. Continuous developments in consumer electronics and the automotive sector have increased the application of safe, non-polluting batteries with high power capacity.

Ask for Sample Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=253343109

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Study Suggests Walnuts are Bridge to Better Health as We Age

Next Post

Content Security Market worth $2,219 Million by 2027 — Exclusive Study by MarketsandMarkets™

RECOMMENDED NEWS

A Bridge to Home: A Piece of Baltimore, a New Novel

A Bridge to Home: A Piece of Baltimore, a New Novel

8 months ago
Sleep Tech Devices Market to hit USD 41.62 Bn over the forecast period

Sleep Tech Devices Market to hit USD 41.62 Bn over the forecast period

3 months ago

Can Our Lifestyle Choices Biologically Impact Our Grandkids? – Technology Networks

4 months ago
تحدد جمعية زوجات الضباط البحريين (NOWA) 16 من الإنجازات الرئيسية لحاجيه عائشة غامبو في عامين

NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

5 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • CamScanner Enhances User Experience in Middle East with Free 30-Day Premium Membership Offer
  • يعزز تطبيق كام سكانر في الشرق الأوسط من خلال عرض عضوية متميزة و مجانية لمدة ثلاثين يوما
  • HILTON DEBUTS IN TUNISIA WITH HILTON SKANES MONASTIR … – Hotel ME News
  • Italy's Meloni expresses hope for deal on IMF bailout of Tunisia as she preps weekend visit – ABC News

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC