Japan Battery Market Size & Outlook, 2023-2030
Japan battery market, 2018-2030 (US$M)
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Japan battery market highlights
- The Japan battery market generated a revenue of USD 6,536.1 million in 2023 and is expected to reach USD 20,875.1 million by 2030.
- The Japan market is expected to grow at a CAGR of 18% from 2024 to 2030.
- In terms of segment, lithium ion was the largest revenue generating product in 2023.
- Flow Battery is the most lucrative product segment registering the fastest growth during the forecast period.
Battery market data book summary
| Market revenue in 2023 | USD 6,536.1 million |
| Market revenue in 2030 | USD 20,875.1 million |
| Growth rate | 18% (CAGR from 2023 to 2030) |
| Largest segment | Lithium ion |
| Fastest growing segment | Flow Battery |
| 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, Japan accounted for 5.5% of the global battery market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China battery market is projected to lead the regional market in terms of revenue in 2030.
- Vietnam is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,479.2 million by 2030.
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Battery Market Scope
Battery Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan 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 49.26% in 2023. Horizon Databook has segmented the Japan 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.
Japan has always been at the forefront in terms of the adoption of technologies. It is expected to be one of the promising markets, owing to its favorable government policies to promote investments and research & development activities in the country for developing high-end technologies.
The Japanese government is working to increase the use of EVs in the nation. EV manufacturing is expected to contribute to the country's spiked demand for lithium-ion batteries over the forecast period.
According to the International Energy Agency (IEA), Japan aims to increase domestic car battery production to 100 GWh by 2030 as part of its Green Growth Strategy. This is expected to boost the production and consumption of lithium-ion batteries in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan battery market , including forecasts for subscribers. This country databook contains high-level insights into Japan battery market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan battery market size, by product, 2018-2030 (US$M)
Japan Battery Market Outlook Share, 2023 & 2030 (US$M)
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