Global Battery Market Size & Outlook
The battery industry worldwide is expected to reach a projected revenue of US$ 329,842.8 million by 2030. A compound annual growth rate of 15.8% is expected of the worldwide battery industry from 2024 to 2030.
Revenue, 2023 (US$M)
$118,203.4
Forecast, 2030 (US$M)
$329,842.8
CAGR, 2024 - 2030
15.8%
Report Coverage
Worldwide
Global battery market, 2018-2030 (US$M)
Related Markets
Global battery market highlights
- The global battery market generated a revenue of USD 118,203.4 million in 2023 and is expected to reach USD 329,842.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 15.8% by 2030.
- In terms of segment, lithium ion accounted for a revenue of USD 50,853.9 million in 2023.
- Sodium-ion is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 118,203.4 million |
| Market revenue in 2030 | USD 329,842.8 million |
| Growth rate | 15.8% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Sodium-ion |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lead Acid, Lithium Ion, Nickel-based, Sodium-ion, Flow Battery, Small Sealed Lead-acid Batteries |
Other key industry trends
- In terms of revenue, the North America accounted for 22.5% of the global battery market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 403.1 million by 2030.
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Battery Market Scope
Battery market segmentation & scope
SLI
Stationary
Motive
Lithium Ion
Nickel-based
Sodium-ion
Flow Battery
Small Sealed Lead-acid Batteries
Others
Aerospace
Passenger vehicles
Commercial vehicles
E-Bikes
E-Cars
E-Buses
E-Trucks
Consumer Electronics
Grid-scale Energy Storage
Telecom
Power Tools
Military & Defense
Others
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global battery 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 market will help companies and investors design strategic landscapes.
lithium ion was the largest segment with a revenue share of 43.02% in 2023. Horizon Databook has segmented the Global battery market based on lead acid, lithium ion, nickel-based, sodium-ion, flow battery, small sealed lead-acid batteries covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Battery Product Outlook (Revenue, USD Million, 2018-2030)
- Lead Acid
- SLI
- Stationary
- Motive
- Lithium Ion
- Nickel-based
- Sodium-ion
- Flow Battery
- Small Sealed Lead-acid Batteries
- Others
- Lead Acid
- Global Battery End Use Outlook (Revenue, USD Million, 2018-2030)
- Aerospace
- Automobile
- ICE Engines
- Passenger vehicles
- Commercial vehicles
- Electric vehicles
- E-Bikes
- E-Cars
- E-Buses
- E-Trucks
- ICE Engines
- Consumer Electronics
- Grid-scale Energy Storage
- Telecom
- Power Tools
- Military & Defense
- Others
- Global Battery Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive Batteries
- Industrial Batteries
- Portable Batteries
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Target buyers of Global battery market databook
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Horizon Databook provides a detailed overview of global-level data and insights on the Global battery market , including forecasts for subscribers. This global databook contains high-level insights into Global battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global battery market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Battery market size, 2023 (USD Million)
Top 10 countries: Battery market size, 2023 (USD Million)
Global battery market, by region, 2023 (US$M)
Related regional statistics
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