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Global Battery Market Is Set To Generate Revenue of $21,072.6 Million by 2026, at a CAGR of 4.3% during the Forecast Period
Research Dive
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As per a new report published by Research Dive, the global battery market is set to generate revenue of $21,072.6 million by 2026, at a CAGR of 4.3% during the forecast period.
The segmentation of the market has been done on the basis of type, application, and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analyst estimates, low operating & maintenance costs are significant factors accelerating the growth of the battery market. However, higher acquisition cost of micro turbine engines is obstructing the growth of global battery market.
Lead Acid to Register Significant Market Share During 2020-27 -
Based on type, the global market for battery is segmented into lead acid, lithium ion, nickel metal hydride, nickel cadmium, and others. The lithium ion market accounted for $6216.4 million revenue in 2026 and is expected to grow at 5.0%, during the forecast period. The growth of lead acid segment is prominently driven by exponential growth of the electric vehicle market.
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On the basis of application, the global market is segmented into automotive, industrial, and portable. The market size for automotive segment accounted for $8,681.9 million in 2026 and is all set to rise at a CAGR of 4.7% during the period of forecast. Increasing adoption of batteries for automotives is significantly expected to drive the automotive application segment growth.
Geographical Analysis and Major Market Players-
On the basis of region, the global for battery market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific Battery market for accounted for $8,260.5 million in 2026 and is expected to rise at 4.0% CAGR throughout the forecast period. The developing automobile sectors and heavy investments by international market players are expected to offer attractive environment for the Asia Pacific market growth.
The major players of the global battery market include Exide Technologies, Johnson Controls, Robert Bosch GmbH, TOSHIBA CORPORATION, GS Yuasa International Ltd., LG Chem., Delphi Technologies, Tesla, Saft, and Panasonic Corporation.
Mr. Abhishek Paliwal
Research Dive
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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