Argentina Battery Market Size & Outlook, 2023-2030
Argentina battery market, 2018-2030 (US$M)
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Argentina battery market highlights
- The Argentina battery market generated a revenue of USD 1,223.8 million in 2023 and is expected to reach USD 3,723.3 million by 2030.
- The Argentina market is expected to grow at a CAGR of 17.2% from 2024 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2023.
- Sodium-ion is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2023 | USD 1,223.8 million |
| Market revenue in 2030 | USD 3,723.3 million |
| Growth rate | 17.2% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Sodium-ion |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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 |
| Key market players worldwide | BYD Co Ltd ADR, GS Yuasa Corp, Hitachi Ltd, Johnson Controls International PLC, LG Chem, NEC Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Toshiba Corporation |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.0% of the global battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil battery market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 6,058.9 million by 2030.
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Battery Market Scope
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina 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 42.13% in 2023. Horizon Databook has segmented the Argentina 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.
The government has been focusing on promoting the development of the energy storage systems market using favorable policies and initiatives. For instance, in June 2022, the National Low-Emission Hydrogen Strategy 2030 was established by the government of Argentina to promote investment in science and technology, industrial participation, and public-private collaboration, for the deployment of energy storage systems.
The demand for energy backup systems including batteries is expected to increase over the forecast period as more companies begin to invest in advanced technologies supported by government initiatives.
For instance, in July 2023, the Argentina government announced its plan for its first lithiumion battery plant, using lithium carbonate mined and processed locally by US miner Livent Corporation. The battery cell plant is being built by YPF Tecnologia (Y-TEC), a subsidiary of state-owned energy and chemical company YPF, as the country adds value to its rich lithium reserves.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina battery market , including forecasts for subscribers. This country databook contains high-level insights into Argentina battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina battery market size, by product, 2018-2030 (US$M)
Argentina Battery Market Outlook Share, 2023 & 2030 (US$M)
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