South Korea Battery Contract Manufacturing Market Size & Outlook
South Korea battery contract manufacturing market, 2018-2030 (US$M)
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South Korea battery contract manufacturing market highlights
- The South Korea battery contract manufacturing market generated a revenue of USD 299.9 million in 2023 and is expected to reach USD 820.4 million by 2030.
- The South Korea market is expected to grow at a CAGR of 15.5% from 2024 to 2030.
- In terms of segment, lithium-ion was the largest revenue generating product in 2023.
- Lithium polymer is the most lucrative product segment registering the fastest growth during the forecast period.
Battery contract manufacturing market data book summary
| Market revenue in 2023 | USD 299.9 million |
| Market revenue in 2030 | USD 820.4 million |
| Growth rate | 15.5% (CAGR from 2023 to 2030) |
| Largest segment | Lithium-ion |
| Fastest growing segment | Lithium polymer |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion, Lithium polymer, Lithium iron phosphate, Alkaline, Nickel Metal Hydride, Nickel Cadmium |
| Key market players worldwide | Tetra Tech Inc, Pure Hydrogen Corp Ltd, Johnson Controls International PLC, Valmet Corp, Rose Electronics, Tiger Electronics, Coulometrics |
Other key industry trends
- In terms of revenue, South Korea accounted for 5.8% of the global battery contract manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China battery contract manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Malaysia is the fastest growing regional market in Asia Pacific and is projected to reach USD 114.8 million by 2030.
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Battery Contract Manufacturing Market Scope
Battery Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea battery contract manufacturing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to battery contract manufacturing market will help companies and investors design strategic landscapes.
Lithium-ion was the largest segment with a revenue share of 37.25% in 2023. Horizon Databook has segmented the South Korea battery contract manufacturing market based on lithium-ion, lithium polymer, lithium iron phosphate, alkaline, nickel metal hydride, nickel cadmium covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of battery contract manufacturing market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea battery contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea battery contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea battery contract manufacturing market size, by product, 2018-2030 (US$M)
South Korea Battery Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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