Battery Technology Market – Global Forecast to 2030
배터리 기술 시장 – 유형(리튬이온 배터리, 납축전지, NiMh, NiCd, 나트륨이온, 고체 배터리, 산화환원흐름 배터리, 리튬실리콘, 리튬황 배터리), 리튬이온 배터리 유형(LFP, NMC, LCO, LTO, LMO, NCA) – 2030년까지의 세계 예측
Battery Technology Market by Type (Lithium-ion Battery, Lead Acid, NiMh, NiCd, Sodium-ion, Solid-state Battery, Redox Flow Battery, Lithium Silicon, Lithium Sulfur Battery), Li-ion Battery Type (LFP, NMC, LCO, LTO, LMO, NCA) – Global Forecast to 2030
| 조사회사 | MarketsandMarkets |
| 출판년월 | 2025년9월 |
| 페이지 수 | 343 |
| 도표 수 | 355 |
| 라이센스 | Single User License |
| 가격 | USD 4,950 |
| 구성 | 영문조사보고서 |
연평균 성장률(CAGR) 11.4%로 성장하는 글로벌 배터리 기술 시장은 2025년 2,521억 3천만 달러에서 2030년 4,316억 5천만 달러로 성장할 것으로 전망됩니다.
이러한 성장은 모빌리티, 에너지 및 산업 분야에서 전기화를 가능하게 하는 배터리의 중요한 역할에 힘입은 것입니다. 운송 분야에서는 전기차 도입 증가와 충전 인프라 구축으로 고급 저장 솔루션에 대한 수요가 급증하고 있습니다. 에너지 분야에서는 유틸리티 및 재생 에너지 개발업체가 그리드 안정화, 최대 부하 관리, 태양광 및 풍력 발전 통합 지원을 위해 대용량 배터리 시스템에 투자하고 있습니다. 가전제품 및 산업용 애플리케이션은 성능과 신뢰성을 위해 휴대용 전원 및 백업 시스템이 필수적인 수요를 증가시키고 있습니다. 시장에는 리튬 이온, 납축전지, 니켈 기반 배터리, 유동층 배터리, 고체 배터리, 나트륨 이온 배터리 등 특정 작동 조건 및 비용 요건에 맞는 다양한 기술이 포함됩니다. 에너지 밀도, 사이클 수명 및 안전성의 지속적인 개선과 재활용 및 2차 활용에 대한 투자는 배터리 도입을 가속화하고 있습니다. 글로벌 산업이 저탄소 및 디지털화된 운영으로 전환함에 따라, 배터리는 지속 가능한 성장과 탄력적인 에너지 인프라를 구축하는 데 필수적인 자산으로 부상하고 있습니다.
본 보고서에서는 배터리 기술 시장을 배터리 유형 및 지역별로 세분화했습니다. 배터리 유형 부문에는 리튬 이온, 납축전지, 니켈 기반 배터리, 유동층 배터리, 고체 배터리, 나트륨 이온 배터리가 포함됩니다. 지역 분석에는 북미, 유럽, 아시아 태평양, 그리고 RoW가 포함됩니다.
본 보고서는 이 시장의 선두주자/신규 진입자들에게 전체 시장 및 하위 부문의 매출 수치에 대한 가장 근사치 정보를 제공하는 데 도움이 될 것입니다. 이해관계자들이 경쟁 환경을 이해하고, 사업의 입지를 강화하고 적절한 시장 진출 전략을 수립하는 데 필요한 통찰력을 얻는 데 도움이 될 것입니다. 또한, 이해관계자들이 배터리 기술 시장의 동향을 파악하고 주요 시장 동인, 제약, 과제, 그리고 기회에 대한 정보를 제공하는 데에도 도움이 될 것입니다.
With a CAGR of 11.4%, the global battery technology market is projected to increase from USD 252.13 billion in 2025 to USD 431.65 billion by 2030. Growth is fueled by batteries’ critical role in enabling electrification across mobility, energy, and industrial sectors. In transportation, rising electric vehicle adoption and the rollout of charging infrastructure are creating large-scale demand for advanced storage solutions. In the energy sector, utilities and renewable developers invest in large battery systems to stabilize grids, manage peak loads, and support solar and wind integration. Consumer electronics and industrial applications strengthen demand, where portable power and backup systems are essential for performance and reliability. The market includes various technologies such as lithium-ion, lead acid, nickel-based, flow, solid-state, and sodium-ion, each suited to specific operating conditions and cost requirements. Continuous improvements in energy density, cycle life, and safety, alongside investments in recycling and second-life use, are accelerating adoption. As global industries shift toward low-carbon and digitalized operations, batteries emerge as indispensable assets for powering sustainable growth and resilient energy infrastructure.
” Flow Battery Segment to Grow with a Significant CAGR in the Battery Technology Market.”
The flow battery segment in the battery technology market is expected to grow with a significant CAGR during the forecast period, driven by its ability to provide scalable and long-duration energy storage for grid and industrial applications. Unlike conventional batteries, flow batteries store energy in liquid electrolytes, enabling flexible capacity expansion, deep discharge capability, and extended operational life. These features make them particularly suitable for renewable energy integration, microgrids, and utility-scale storage projects where stability, load shifting, and backup power are critical. Increasing deployment of solar and wind power plants and rising investments in smart grids and decentralized energy systems are fueling adoption. Continuous advancements in vanadium redox and zinc-bromine flow battery technologies improve efficiency, reduce costs, and enhance durability, positioning flow batteries as a viable alternative to lithium-ion in specific applications. As demand for sustainable and long-cycle energy storage solutions accelerates, the flow battery segment is emerging as a key growth area within the battery technology market ecosystem.
” Government Policies and Gigafactory Investments to Drive Strong Growth of the Battery Technology Market in Europe”
During the forecast period, Europe is expected to grow with a significant CAGR in the battery technology market, supported by strong regulatory frameworks, electrification targets, and rising investments in clean energy infrastructure. The European Union’s Green Deal and strict emission reduction policies are accelerating the adoption of electric vehicles and stationary energy storage systems, creating consistent demand for advanced battery solutions. Countries including Germany, France, and the United Kingdom are leading gigafactory developments, backed by public–private partnerships and funding programs aimed at strengthening local supply chains. The region is also at the forefront of research in solid-state and other next-generation chemistries, driven by collaborations between academic institutions and industry players. With a growing focus on sustainability, recycling, and circular economy practices, Europe is positioning itself as a key market for battery technologies, contributing to both innovation and resilience in the global energy transition.
Breakdown of primaries
A variety of executives from key organizations operating in the battery technology market were interviewed in-depth, including CEOs, marketing directors, and innovation and technology directors.
- By Company Type: Tier 1 –45%, Tier 2 – 35%, and Tier 3 – 20%
- By Designation: Directors – 45%, C-level – 30%, and Others – 25%
- By Region: Asia Pacific – 45%, North America – 25%, Europe – 20%, and RoW – 10%
Note: Other designations include sales and product managers. The three tiers of the companies are defined based on their total revenue in 2024: Tier 1 – revenue greater than or equal to USD 5 billion; Tier 2 – revenue between USD 500 million and USD 5 billion; and Tier 3 revenue less than or equal to USD 500 million.
Major players profiled in this report are as follows: LG Energy Solution (South Korea), SAMSUNG SDI (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), Contemporary Amperex Technology Co., Limited (China), BAK Power (China), CALB (China), CLARIOS (US), EnerSys (US), EVE Energy Co., Ltd. (China), Gotion (China), GS Yuasa Corporation (Japan), Mitsubishi Electric Corporation (Japan), SK Innovation Co., Ltd. (South Korea), Tesla (US), Toshiba Corporation (Japan), Sunwoda Electronic Co., Ltd. (China), Blue Solutions (France), Solid Power, Inc. (US), ProLogium Technology Co, Ltd. (Taiwan), Ilika plc (UK), Factorial Energy (US), EXIDE INDUSTRIES LIMITED (India), QuantumScape Battery, Inc. (US), Sakuu Corporation(US), Kanadevia Corporation (Japan), Sumitomo Electric Industries, Ltd. (Japan), HiNa Battery Technology Co., Ltd. (China), Invinity Energy Systems (UK), VARTA AG (Germany), DURACELL (US) and Enerox GmbH (Austria). These leading companies possess a wide portfolio of products, establishing a prominent presence in established as well as emerging markets.
The study provides a detailed competitive analysis of these key players in the battery technology market, presenting their company profiles, most recent developments, and key market strategies.
Research Coverage
In this report, the battery technology market has been segmented based on battery type and region. The battery type segment includes lithium-ion, lead acid, nickel-based, flow, solid state, and sodium-ion. The regional analysis covers North America, Europe, Asia Pacific, and RoW.
Reasons to buy the report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the battery technology market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.
Key Benefits of Buying the Report
Analysis of key drivers (Rising EV sales boost battery demand, Growing adoption of LFP technology in electric vehicles, Widespread adoption of battery-operated material handling equipment is accelerating Li-ion battery demand, Rising research and development efforts by solid-state battery manufacturers), restraints (Concerns in managing spent li-ion batteries, High manufacturing costs for solid-state batteries, Standardization challenges associated with flow battery), opportunities (BESS expansion and renewable integration accelerate Lithium-Ion battery market growth, Innovation and technological advances in sodium-ion batteries, Significant decline in costs of Lithium-Ion Battery, Progress in medical devices powered by solid-state batteries, Rising interest in residential energy storage solutions using flow batteries), and challenges (Intricate production processes of solid-state batteries, Increased tariffs on Chinese EVs in Europe and North America, Managing financial risks and market disruptions in the global battery industry, Limited usage capacity of lead acid batteries) influencing the growth of the battery technology market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the battery technology market.
- Market Development: Comprehensive information about lucrative markets – the report analyses the battery technology market across varied regions.
- Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the battery technology market.
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Contemporary Amperex Technology Co., Limited. (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), SAMSUNG SDI (South Korea), and others.
Table of Contents
1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 32
1.3.2 YEARS CONSIDERED 33
1.3.3 INCLUSIONS AND EXCLUSIONS 33
1.4 CURRENCY CONSIDERED 33
1.5 UNIT CONSIDERED 34
1.6 LIMITATIONS 34
1.7 STAKEHOLDERS 34
1.8 SUMMARY OF CHANGES 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
2.1.1 SECONDARY AND PRIMARY RESEARCH 37
2.1.2 SECONDARY DATA 38
2.1.2.1 List of major secondary sources 39
2.1.2.2 Key data from secondary sources 39
2.1.3 PRIMARY DATA 39
2.1.3.1 Primary interviews with experts 40
2.1.3.2 Key primary interview participants 40
2.1.3.3 Key data from primary sources 41
2.1.3.4 Key industry insights 41
2.1.3.5 Breakdown of primaries 42
2.2 MARKET SIZE ESTIMATION 42
2.2.1 TOP-DOWN APPROACH 42
2.2.1.1 Estimation of market size using top-down approach 43
2.2.2 BOTTOM-UP APPROACH 43
2.2.2.1 Estimation of market size using bottom-up approach 43
2.3 DATA TRIANGULATION 46
2.4 RESEARCH ASSUMPTIONS 47
2.5 RESEARCH LIMITATIONS 47
2.6 RISK ANALYSIS 48
3 EXECUTIVE SUMMARY 49
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BATTERY TECHNOLOGY MARKET 52
4.2 BATTERY TECHNOLOGY MARKET, BY TYPE 53
4.3 LITHIUM-ION BATTERY MARKET, BY INSTALLED CAPACITY 53
4.4 BATTERY TECHNOLOGY MARKET IN ASIA PACIFIC, BY TYPE AND COUNTRY 54
4.5 BATTERY TECHNOLOGY MARKET, BY COUNTRY 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
5.2.1 DRIVERS 57
5.2.1.1 Growing EV sales 57
5.2.1.2 Increasing adoption of LFP chemistry in electric vehicles 58
5.2.1.3 Expanding use of battery-powered material handling equipment boosts Li-ion uptake 58
5.2.1.4 Rising R&D investments accelerate solid-state battery advancements 59
5.2.1.5 Rising demand for sustainable energy storage solutions 59
5.2.1.6 Growing adoption of flow batteries for utility and smart grid applications 60
5.2.2 RESTRAINTS 61
5.2.2.1 Challenges in recycling and managing end-of-life Li-ion batteries 61
5.2.2.2 Solid-state batteries face high production costs 62
5.2.2.3 Flow batteries encounter standardization and commercialization hurdles 62
5.2.3 OPPORTUNITIES 63
5.2.3.1 Expansion of energy storage systems and renewable integration driving Li-ion growth 63
5.2.3.2 Advancements in sodium-ion technologies 65
5.2.3.3 Falling Li-ion production costs 65
5.2.3.4 Solid-state powering innovation in medical devices 66
5.2.3.5 Increasing residential energy storage demand benefiting flow batteries 66
5.2.4 CHALLENGES 67
5.2.4.1 Trade tariffs on Chinese EVs in Europe and North America 67
5.2.4.2 Financial risks and market volatility 67
5.2.4.3 Complex and costly manufacturing processes for solid-state batteries 69
5.2.4.4 Limited application scope restricting lead acid battery growth 69
5.3 VALUE CHAIN ANALYSIS 71
5.4 ECOSYSTEM ANALYSIS 73
5.5 PRICING ANALYSIS 76
5.5.1 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, 2021–2033 76
5.5.2 PRICING RANGE OF LITHIUM-ION BATTERY PACKS, BY KEY PLAYER, 2024 77
5.5.3 AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES, 2021–2024 77
5.5.4 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION, 2021–2024 78
5.5.5 PRICING RANGE OF SOLID-STATE BATTERIES, 2024 79
5.5.6 PRICING RANGE OF SOLID-STATE BATTERIES, BY REGION, 2024 80
5.5.7 INDICATIVE PRICING OF FLOW BATTERIES OFFERED BY KEY PLAYERS, 2024 80
5.6 KEY INSIGHTS RELATED TO LITHIUM-ION BATTERY INDUSTRY 81
5.6.1 TOP LITHIUM-PRODUCING COUNTRIES 81
5.6.2 LITHIUM-ION BATTERY MANUFACTURING CAPACITY, BY COUNTRY,
2022 VS. 2025 VS. 2030 82
5.6.3 LIST OF CURRENTLY OPERATIONAL AND UPCOMING GIGAFACTORIES 82
5.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 84
5.8 INVESTMENT AND FUNDING SCENARIO 85
5.9 TECHNOLOGY ANALYSIS 87
5.9.1 KEY TECHNOLOGIES 87
5.9.1.1 Lithium-silicon batteries 87
5.9.1.2 Lithium-sulfur batteries 87
5.9.1.3 Secondary zinc-air batteries 87
5.9.2 COMPLEMENTARY TECHNOLOGIES 87
5.9.2.1 Liquid-metal batteries 87
5.9.2.2 Flywheel batteries 88
5.9.3 ADJACENT TECHNOLOGIES 88
5.9.3.1 Fuel cells 88
5.9.3.2 Supercapacitors 88
5.10 PORTER’S FIVE FORCES ANALYSIS 88
5.10.1 BARGAINING POWER OF SUPPLIERS 90
5.10.2 BARGAINING POWER OF BUYERS 90
5.10.3 THREAT OF NEW ENTRANTS 90
5.10.4 THREAT OF SUBSTITUTES 90
5.10.5 INTENSITY OF COMPETITIVE RIVALRY 91
5.11 KEY STAKEHOLDERS AND BUYING CRITERIA 91
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 91
5.11.2 BUYING CRITERIA 92
5.12 CASE STUDY ANALYSIS 93
5.12.1 TOYOTA MATERIAL HANDLING HELPS REDUCE EQUIPMENT DOWNTIME
BY REPLACING LEAD-ACID BATTERIES WITH LITHIUM-ION TECHNOLOGY 93
5.12.2 GEORGIA TECH RESEARCHERS DEVELOP LOW-MELTING CERAMIC ELECTROLYTES TO REDUCE SOLID-STATE BATTERY MANUFACTURING COSTS 93
5.12.3 SAMSUNG ELECTRONICS TESTS SILVER-CARBON COMPOSITE TO SUPPRESS DENDRITIC AND IMPROVE SOLID-STATE BATTERY LIFE AND SAFETY 94
5.12.4 REDFLOW PROVIDES OPTUS TELECOMMUNICATIONS WITH FLOW BATTERIES TO REDUCE CO2 EMISSIONS 94
5.13 TRADE ANALYSIS 95
5.13.1 IMPORT SCENARIO (HS CODE 850650) 95
5.13.2 EXPORT SCENARIO (HS CODE 850650) 96
5.14 PATENT ANALYSIS 97
5.15 KEY CONFERENCES AND EVENTS, 2025–2026 100
5.16 REGULATORY LANDSCAPE 101
5.16.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 101
5.16.2 STANDARDS 104
5.17 IMPACT OF AI/GEN AI 107
5.17.1 INTRODUCTION 107
5.17.2 IMPACT OF AI ON BATTERY TECHNOLOGY MARKET 107
5.17.3 TOP USE CASES AND MARKET POTENTIAL 107
5.18 IMPACT OF 2025 US TARIFF 109
5.18.1 INTRODUCTION 109
5.18.2 KEY TARIFF RATES 110
5.18.3 PRICE IMPACT ANALYSIS 110
5.18.4 IMPACT ON COUNTRY/REGION 111
5.18.4.1 US 111
5.18.4.2 Europe 112
5.18.4.3 Asia Pacific 112
5.18.5 IMPACT ON APPLICATIONS 113
6 BATTERY TECHNOLOGY MARKET, BY BATTERY TYPE 115
6.1 INTRODUCTION 116
6.2 LITHIUM-ION BATTERY 118
6.2.1 EXPANDING ELECTRIC MOBILITY AND ENERGY STORAGE INTEGRATION TO DRIVE MARKET GROWTH 118
6.2.2 LITHIUM-ION BATTERY, BY TYPE 122
6.2.2.1 NMC 124
6.2.2.1.1 Enhanced thermal stability driving widespread NMC battery deployment 124
6.2.2.2 LFP 125
6.2.2.2.1 Extended lifespan and affordability driving LFP battery market expansion 125
6.2.2.3 LCO 126
6.2.2.3.1 High energy density in portable electronics sustaining lco battery demand 126
6.2.2.4 LTO 126
6.2.2.4.1 High security and stability of LTO batteries to drive strong adoption across advanced energy applications 126
6.2.2.5 LMO 127
6.2.2.5.1 High thermal stability and safety driving LMO battery adoption across industrial and EV applications 127
6.2.2.6 NCA 128
6.2.2.6.1 High energy density and durability driving NCA battery adoption in EVs and power sector 128
6.2.3 LITHIUM-ION BATTERY, BY APPLICATION 128
6.2.3.1 EVs 130
6.2.3.1.1 Rising electric vehicle penetration fueling market growth 130
6.2.3.1.2 By battery capacity 130
6.2.3.1.2.1 Below 50 kWh 131
6.2.3.1.2.2 50–100 kWh 131
6.2.3.1.2.3 Above 100 kWh 131
6.2.3.1.3 By battery type 132
6.2.3.1.4 By battery form 132
6.2.3.1.4.1 Prismatic 134
6.2.3.1.4.2 Pouch 134
6.2.3.1.4.3 Cylindrical 134
6.2.3.2 Energy storage 135
6.2.3.2.1 Rising deployment of Li-ion batteries in residential and grid-scale storage driving market growth 135
6.2.3.2.2 By battery capacity 135
6.2.3.2.2.1 Below 30 kWh 136
6.2.3.2.2.2 30 kWh–10 MWh 137
6.2.3.2.2.3 Above 10 MWh 137
6.2.3.2.3 By battery type 137
6.2.3.2.4 By connection type 138
6.2.3.3 Industrial 139
6.2.3.3.1 Rising adoption of electrified systems for automated operations driving market growth 139
6.2.3.3.2 By type 139
6.2.3.3.2.1 Material handling equipment 139
6.2.3.3.2.2 Mining equipment 140
6.2.3.3.2.3 Low-speed electric vehicles 140
6.2.3.3.2.4 Industrial tools 140
6.2.3.3.3 By battery capacity 141
6.2.3.3.3.1 Below 50 kWh 141
6.2.3.3.3.2 50–100 kWh 142
6.2.3.3.3.3 Above 100 kWh 142
6.2.3.3.4 Battery type 142
6.2.3.4 Consumer electronics 143
6.2.3.4.1 Long lifespan, high energy density, low self-discharge rate to increase integration into electronic devices 143
6.2.3.4.2 By product type 143
6.2.3.4.2.1 Smartphones 143
6.2.3.4.2.2 Laptops & tablets 144
6.2.3.4.2.3 Wearables 144
6.2.3.4.3 By battery capacity 145
6.2.3.4.3.1 Below 10 Wh 145
6.2.3.4.3.2 10–30 Wh 145
6.2.3.4.3.3 Above 30 Wh 145
6.2.3.4.4 By battery type 146
6.2.3.5 Medical 147
6.2.3.5.1 Growing demand for reliable power in life-saving devices driving adoption 147
6.2.3.5.2 By device type 147
6.2.3.5.2.1 Portable & diagnostic devices 147
6.2.3.5.2.2 Wearable & implantable devices 148
6.2.3.5.3 By battery capacity 148
6.2.3.5.3.1 Below 10 Wh 148
6.2.3.5.3.2 10–50 Wh 148
6.2.3.5.3.3 Above 50 Wh 149
6.2.3.5.4 By battery type 149
6.2.3.6 Other applications 150
6.2.3.6.1 Telecommunications 150
6.2.3.6.1.1 Enhanced performance and low maintenance features accelerating adoption 150
6.2.3.6.2 Marine 151
6.2.3.6.2.1 Resilience against high discharge currents and mechanical stress driving demand 151
6.2.3.6.3 Aerospace 151
6.2.3.6.3.1 Increasing priority on lightweight design and high power in aerospace to boost adoption 151
6.2.3.6.4 By battery type 151
6.3 LEAD ACID 152
6.3.1 SUSTAINED DEMAND IN AUTOMOTIVE AND BACKUP POWER APPLICATIONS TO SUPPORT MARKET EXPANSION 152
6.3.2 LEAD ACID, BY APPLICATION 156
6.3.2.1 Power & utility 156
6.3.2.1.1 Rising grid modernization initiatives to drive lead acid battery deployment in power & utility 156
6.3.2.2 Transportation 157
6.3.2.2.1 Continued dominance of SLI batteries to sustain transportation demand 157
6.3.2.3 Industrial 157
6.3.2.3.1 Growing industrial automation accelerates adoption of lead acid batteries 157
6.3.2.4 Commercial & residential 157
6.3.2.4.1 Commercial expansion and backup needs strengthen lead acid battery utilization 157
6.4 NICKEL-BASED BATTERIES 158
6.4.1 RISING INDUSTRIAL AND AEROSPACE APPLICATIONS TO STRENGTHEN MARKET ADOPTION 158
6.4.2 NICKEL-BASED BATTERY, BY BATTERY TYPE 162
6.4.2.1 NiMh 162
6.4.2.1.1 Growing hybrid vehicle adoption sustains demand for NiMH batteries 162
6.4.2.2 NiCd 164
6.4.2.2.1 Reliability in extreme environments drives NiCd battery utilization 164
6.4.3 NICKEL-BASED BATTERY, BY APPLICATION 166
6.4.3.1 Aerospace 167
6.4.3.1.1 Nickel-based batteries ensure mission-critical power reliability 167
6.4.3.2 Automotive & transportation 167
6.4.3.2.1 Rising hybrid vehicle adoption drives demand 167
6.4.3.3 Consumer electronics 167
6.4.3.3.1 Continued demand for cost-efficient power sustains
nickel-based batteries 167
6.4.3.4 Healthcare 168
6.4.3.4.1 Increasing demand for reliable backup power strengthens nickel-based battery adoption 168
6.4.3.5 Industrial 168
6.4.3.5.1 Rising automation and backup needs fuel nickel-based battery demand 168
6.4.3.6 Marine 168
6.4.3.6.1 Safety and durability in harsh environments sustain NiCd demand 168
6.4.3.7 Commercial 169
6.4.3.7.1 Expanding infrastructure needs to strengthen nickel-based battery utilization 169
6.4.3.8 Residential 169
6.4.3.8.1 Cost-efficiency and availability to drive demand for nickel-based batteries 169
6.4.3.9 Other Nickel-based battery applications 169
6.4.3.9.1 Nickel-based batteries enable reliable power for telecom and infrastructure networks 169
6.5 SOLID-STATE BATTERY 170
6.5.1 ENHANCED SAFETY AND HIGH ENERGY DENSITY REQUIREMENTS TO PROPEL MARKET DEVELOPMENT 170
6.5.2 SOLID-STATE BATTERY, BY BATTERY TYPE 173
6.5.2.1 Primary 174
6.5.2.1.1 Market growth encouraged by environmental and health safety considerations 174
6.5.2.2 Secondary 174
6.5.2.2.1 Rising use in electric vehicles and consumer electronics drives market growth 174
6.5.3 SOLID-STATE BATTERY, BY CAPACITY 175
6.5.3.1 Below 20 mAh 176
6.5.3.1.1 Expanding use in packaging, smart cards, and cosmetic patches to drive demand 176
6.5.3.2 20–500 mAh 176
6.5.3.2.1 Rising global demand for IoT and wearable devices to fuel market growth 176
6.5.3.3 Above 500 mAh 177
6.5.3.3.1 Combined advancements, partnerships, and pilot-scale investments to offer lucrative growth opportunities 177
6.5.4 SOLID-STATE BATTERY, BY APPLICATION 177
6.5.4.1 Consumer electronics 179
6.5.4.1.1 Increasing focus on slim and lightweight products to propel market growth 179
6.5.4.1.2 Smartphones 179
6.5.4.1.3 Wearables 179
6.5.4.1.4 Other consumer electronics 179
6.5.4.2 Electric vehicles 180
6.5.4.2.1 Rising focus on solid-state battery development and research supports market expansion 180
6.5.4.3 Medical devices 180
6.5.4.3.1 Capability to prolong battery life in compact medical devices to drive market growth 180
6.5.4.4 Energy harvesting 181
6.5.4.4.1 Adoption of solid-state batteries in environmental energy storage to drive market growth 181
6.5.4.5 Wireless sensors 181
6.5.4.5.1 Rising demand for compact and high-energy-density batteries to fuel market growth 181
6.5.4.6 Packaging 182
6.5.4.6.1 Growing demand for long-life of tags and labels to fuel drive market 182
6.5.4.7 Other applications 182
6.6 FLOW BATTERY 183
6.6.1 INCREASING RENEWABLE ENERGY DEPLOYMENT AND LONG-DURATION STORAGE NEEDS TO ACCELERATE GROWTH 183
6.6.2 FLOW BATTERY, BY BATTERY TYPE 186
6.6.2.1 Redox 187
6.6.2.1.1 Cost-effectiveness and convenience in large-scale energy storage applications to spike demand 187
6.6.2.2 Hybrid 188
6.6.2.2.1 Extended operational lifespan and convenient maintenance features to boost demand 188
6.6.3 FLOW BATTERY, BY MATERIAL 188
6.6.3.1 Vanadium 190
6.6.3.1.1 Growing demand for low-carbon energy storage solutions to drive adoption 190
6.6.3.2 Zinc–bromine 190
6.6.3.2.1 Easy availability and flexible design to foster segmental growth 190
6.6.3.3 Other materials 191
6.6.4 FLOW BATTERY, BY APPLICATION 191
6.6.4.1 Utilities 193
6.6.4.1.1 Peak capacity management 193
6.6.4.1.1.1 Pressing need to harness off-peak power for peak demand to drive market 193
6.6.4.1.2 Energy shifting 194
6.6.4.1.2.1 Increasing focus on optimizing grid operations to boost demand 194
6.6.4.1.3 Transmission 194
6.6.4.1.3.1 Escalating demand for highly efficient and reliable power grid to fuel market growth 194
6.6.4.1.4 Distribution 194
6.6.4.1.4.1 Urgent requirement to address voltage fluctuations and power outage issues to accelerate demand 194
6.6.4.1.5 Frequency regulation 194
6.6.4.1.5.1 Heightened need for consistent and reliable power to facilitate adoption 194
6.6.4.2 Commercial & industrial 195
6.6.4.2.1 Need for emergency backup power to prevent production loss during power outages to accelerate deployment 195
6.6.4.3 EV charging stations 195
6.6.4.3.1 Government-led funding to expand electric vehicle charging infrastructure to create growth opportunities 195
6.6.4.4 Other applications 196
6.7 SODIUM-ION 196
6.7.1 ADVANCEMENTS IN COST-EFFECTIVE ALTERNATIVES AND MATERIAL AVAILABILITY TO BOOST MARKET POTENTIAL 196
6.7.2 SODIUM-ION BATTERY, BY APPLICATION 199
6.7.2.1 Energy storage 200
6.7.2.1.1 Accelerated deployment of sodium-ion batteries for renewable energy storage 200
6.7.2.2 Automotive 200
6.7.2.2.1 Rising adoption of sodium-ion batteries in hybrid and electric vehicles 200
6.7.2.3 Industrial 201
6.7.2.3.1 Growing industrial reliance on sodium-ion batteries for reliable energy management 201
6.7.2.4 Others 201
6.7.2.4.1 Expansion of sodium-ion battery applications in consumer and remote energy solutions 201
6.8 EMERGING BATTERY TYPES 201
6.8.1 LITHIUM-SILICON BATTERIES 201
6.8.2 LITHIUM-SULFUR BATTERIES 201
7 BATTERY TECHNOLOGY MARKET, BY REGION 202
7.1 INTRODUCTION 203
7.2 NORTH AMERICA 205
7.2.1 US 207
7.2.1.1 Strategic investments and innovation drive US battery technology growth 207
7.2.2 CANADA 208
7.2.2.1 Technological innovation and clean energy policies drive growth 208
7.2.3 MEXICO 208
7.2.3.1 Rising capital inflows boost Mexico’s lithium-ion battery production 208
7.3 EUROPE 209
7.3.1 GERMANY 211
7.3.1.1 Clean energy targets drive battery demand growth 211
7.3.2 UK 212
7.3.2.1 Increasing emphasis on renewable electricity to drive market growth 212
7.3.3 FRANCE 213
7.3.3.1 Government initiatives and EV demand drive France’s battery ecosystem expansion 213
7.3.4 ITALY 214
7.3.4.1 EV adoption and energy storage expansion drive growth in Italy’s battery market 214
7.3.5 REST OF EUROPE 214
7.4 ASIA PACIFIC 215
7.4.1 CHINA 217
7.4.1.1 Strategic integration of storage, manufacturing, and EV adoption propels China’s battery market 217
7.4.2 JAPAN 218
7.4.2.1 Significant presence of prominent lithium-ion manufacturers expected to support market growth 218
7.4.3 INDIA 218
7.4.3.1 Growing lithium reserves, EV uptake, and grid modernization fuel India’s battery market expansion 218
7.4.3.2 Recent strategic developments accelerating India’s battery technology market growth 219
7.4.4 SOUTH KOREA 220
7.4.4.1 Strategic investments in advanced battery technologies to drive market growth 220
7.4.5 REST OF ASIA PACIFIC 221
7.5 ROW 222
7.5.1 MIDDLE EAST 223
7.5.1.1 Renewable energy expansion and smart technology adoption fueling battery demand 223
7.5.1.2 GCC countries 224
7.5.1.3 Rest of Middle East 225
7.5.2 AFRICA 225
7.5.2.1 Rising mining activities and flow battery projects strengthening Africa’s role in battery technology market 225
7.5.3 SOUTH AMERICA 226
7.5.3.1 Favorable manufacturing hub for lithium-ion battery producers driving market growth 226
8 COMPETITIVE LANDSCAPE 227
8.1 INTRODUCTION 227
8.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2024 227
8.3 REVENUE ANALYSIS, 2021–2024 230
8.4 MARKET SHARE ANALYSIS, 2024 230
8.4.1 LITHIUM-ION BATTERY MARKET: MARKET SHARE ANALYSIS 231
8.4.2 SOLID-STATE BATTERY MARKET: MARKET SHARE ANALYSIS 233
8.5 COMPANY VALUATION AND FINANCIAL METRICS 236
8.6 BRAND COMPARISON 237
8.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 237
8.7.1 STARS 237
8.7.2 EMERGING LEADERS 238
8.7.3 PERVASIVE PLAYERS 238
8.7.4 PARTICIPANTS 238
8.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2024 241
8.7.5.1 Company footprint 241
8.7.5.2 Region footprint 242
8.7.5.3 Battery type footprint 243
8.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024 245
8.8.1 PROGRESSIVE COMPANIES 245
8.8.2 RESPONSIVE COMPANIES 245
8.8.3 DYNAMIC COMPANIES 245
8.8.4 STARTING BLOCKS 245
8.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024 248
8.8.5.1 Detailed list of key startups/SMEs 248
8.8.5.2 Competitive benchmarking of key startups/SMEs 249
8.8.6 STARTUP LANDSCAPE ACROSS KEY SEGMENTS OF LITHIUM BATTERY VALUE CHAIN 250
8.9 COMPETITIVE SCENARIO 250
8.9.1 PRODUCT LAUNCHES 250
8.9.2 DEALS 252
8.9.3 EXPANSIONS 253
8.9.4 OTHER DEVELOPMENTS 254
9 COMPANY PROFILES 256
9.1 KEY PLAYERS 256
9.1.1 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED 256
9.1.1.1 Business overview 256
9.1.1.2 Products/Solutions/Services offered 257
9.1.1.3 Recent developments 258
9.1.1.3.1 Product launches 258
9.1.1.3.2 Deals 259
9.1.1.4 MnM view 260
9.1.1.4.1 Key strengths 260
9.1.1.4.2 Strategic choices 261
9.1.1.4.3 Weaknesses and competitive threats 261
9.1.2 BYD COMPANY LTD. 262
9.1.2.1 Business overview 262
9.1.2.2 Products/Solutions/Services offered 263
9.1.2.3 Recent developments 264
9.1.2.3.1 Deals 264
9.1.2.4 MnM view 264
9.1.2.4.1 Key strengths 264
9.1.2.4.2 Strategic choices 265
9.1.2.4.3 Weaknesses and competitive threats 265
9.1.3 LG ENERGY SOLUTION 266
9.1.3.1 Business overview 266
9.1.3.2 Products/Solutions/Services offered 267
9.1.3.3 Recent developments 268
9.1.3.3.1 Product launches 268
9.1.3.3.2 Deals 268
9.1.3.3.3 Expansions 271
9.1.3.4 MnM view 271
9.1.3.4.1 Key strengths 271
9.1.3.4.2 Strategic choices 271
9.1.3.4.3 Weaknesses and competitive threats 272
9.1.4 SAMSUNG SDI 273
9.1.4.1 Business overview 273
9.1.4.2 Products/Solutions/Services offered 274
9.1.4.3 Recent developments 275
9.1.4.3.1 Deals 275
9.1.4.3.2 Expansions 275
9.1.4.3.3 Other developments 276
9.1.4.4 MnM view 276
9.1.4.4.1 Key strengths 276
9.1.4.4.2 Strategic choices 276
9.1.4.4.3 Weaknesses and competitive threats 276
9.1.5 PANASONIC HOLDINGS CORPORATION 277
9.1.5.1 Business overview 277
9.1.5.2 Products/Solutions/Services offered 278
9.1.5.3 Recent developments 279
9.1.5.3.1 Deals 279
9.1.5.3.2 Expansions 280
9.1.5.3.3 Other developments 280
9.1.5.4 MnM view 281
9.1.5.4.1 Key strengths 281
9.1.5.4.2 Strategic choices 281
9.1.5.4.3 Weaknesses and competitive threats 281
9.1.6 EVE ENERGY CO., LTD. 282
9.1.6.1 Business overview 282
9.1.6.2 Products/Solutions/Services offered 283
9.1.6.3 Recent developments 284
9.1.6.3.1 Product launches 284
9.1.6.3.2 Deals 284
9.1.7 TESLA 286
9.1.7.1 Business overview 286
9.1.7.2 Products/Solutions/Services offered 287
9.1.7.3 Recent developments 288
9.1.7.3.1 Developments 288
9.1.8 GS YUASA CORPORATION 289
9.1.8.1 Business overview 289
9.1.8.2 Products/Solutions/Services offered 290
9.1.8.3 Recent developments 291
9.1.8.3.1 Deals 291
9.1.8.3.2 Other developments 291
9.1.9 SK INNOVATION CO., LTD. 293
9.1.9.1 Business overview 293
9.1.9.2 Products/Solutions/Services offered 294
9.1.9.3 Recent developments 295
9.1.9.3.1 Deals 295
9.1.10 TOSHIBA CORPORATION 296
9.1.10.1 Business overview 296
9.1.10.2 Products/Solutions/Services offered 297
9.1.10.3 Recent developments 298
9.1.10.3.1 Product launches 298
9.1.10.3.2 Deals 298
9.1.11 SUNWODA ELECTRONIC CO., LTD. 299
9.1.11.1 Business overview 299
9.1.11.2 Products/Solutions/Services offered 300
9.1.11.3 Recent developments 301
9.1.11.3.1 Deals 301
9.1.12 MITSUBISHI ELECTRIC CORPORATION 302
9.1.12.1 Business overview 302
9.1.12.2 Products/Solutions/Services offered 304
9.1.13 GOTION 305
9.1.13.1 Business overview 305
9.1.13.2 Products/Solutions/Services offered 306
9.1.13.3 Recent developments 307
9.1.13.3.1 Deals 307
9.1.14 ENERSYS 308
9.1.14.1 Business overview 308
9.1.14.2 Products/Solutions/Services offered 309
9.1.14.3 Recent developments 311
9.1.14.3.1 Deals 311
9.1.14.3.2 Expansions 311
9.1.15 VARTA AG 312
9.1.15.1 Business overview 312
9.1.15.2 Products/Solutions/Services offered 314
9.1.16 CALB 315
9.1.16.1 Business overview 315
9.1.16.2 Products/Solutions/Services offered 316
9.1.16.3 Recent developments 317
9.1.16.3.1 Product launches 317
9.2 OTHER KEY PLAYERS 318
9.2.1 EXIDE INDUSTRIES LTD. 318
9.2.2 INVINITY ENERGY SYSTEMS 319
9.2.3 SUMITOMO ELECTRIC INDUSTRIES, LTD. 320
9.2.4 ILIKA 321
9.2.5 SOLID POWER, INC. 322
9.2.6 KANADEVIA CORPORATION 323
9.2.7 FACTORIAL INC. 324
9.2.8 DURACELL INC. 325
9.3 OTHER PLAYERS 326
9.3.1 AMPEREX TECHNOLOGY LIMITED 326
9.3.2 CLARIOS 327
9.3.3 BAK POWER 328
9.3.4 BLUE SOLUTIONS 329
9.3.5 PROLOGIUM TECHNOLOGY CO., LTD. 330
9.3.6 FACTORIAL INC 331
9.3.7 SAKUU CORPORATION 332
9.3.8 HINA BATTERY TECHNOLOGY CO., LTD. 333
9.3.9 ENEROX GMBH 334
9.3.10 FARASIS ENERGY(GANZHOU)CO., LTD. 335
9.3.11 ZONERGY CORPORATION 336
10 APPENDIX 337
10.1 DISCUSSION GUIDE 337
10.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 339
10.3 CUSTOMIZATION OPTIONS 341
10.4 RELATED REPORTS 341
10.5 AUTHOR DETAILS 342
LIST OF TABLES
TABLE 1 BATTERY TECHNOLOGY MARKET: RISK ANALYSIS 48
TABLE 2 LIST OF UPCOMING GLOBAL BESS PROJECTS 64
TABLE 3 LIST OF COMPANIES WITNESSED BANKRUPTCY IN BATTERY TECHNOLOGY MARKET 68
TABLE 4 BATTERY TECHNOLOGY ECOSYSTEM ANALYSIS 75
TABLE 5 PRICING RANGE OF LITHIUM-ION BATTERY PACKS OFFERED
BY KEY PLAYERS, 2024 77
TABLE 6 AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES,
2021–2024 (USD/KWH) 78
TABLE 7 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION,
2021–2024 (USD/KWH) 79
TABLE 8 PRICING RANGE OF SOLID-STATE BATTERIES, 2024 (USD/KWH) 79
TABLE 9 PRICING RANGE OF SOLID-STATE BATTERIES, BY REGION, 2024 (USD/KWH) 80
TABLE 10 INDICATIVE PRICING OF FLOW BATTERIES OFFERED BY KEY PLAYERS, 2024 80
TABLE 11 LITHIUM PRODUCTION, BY COUNTRY, 2023 81
TABLE 12 LARGEST OPERATIONAL GIGAFACTORIES WORLDWIDE 82
TABLE 13 UPCOMING GIGAFACTORIES WORLDWIDE 83
TABLE 14 LARGEST PE/VC-BACKED INVESTMENTS IN BATTERY ENERGY STORAGE SYSTEMS ANNOUNCED IN 2024 86
TABLE 15 BATTERY TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 89
TABLE 16 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 91
TABLE 17 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 92
TABLE 18 IMPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 95
TABLE 19 EXPORT DATA FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD MILLION) 96
TABLE 20 BATTERY TECHNOLOGY MARKET: INNOVATIONS AND PATENT REGISTRATIONS, 2021–2025 98
TABLE 21 BATTERY TECHNOLOGY MARKET: LIST OF KEY CONFERENCES AND EVENTS 100
TABLE 22 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 101
TABLE 23 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 102
TABLE 24 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 103
TABLE 25 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 104
TABLE 26 STANDARDS 105
TABLE 27 US-ADJUSTED RECIPROCAL TARIFF RATES 110
TABLE 28 BATTERY TECHNOLOGY MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION) 117
TABLE 29 BATTERY TECHNOLOGY MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION) 118
TABLE 30 LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 118
TABLE 31 LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 119
TABLE 32 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 119
TABLE 33 NORTH AMERICA: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 119
TABLE 34 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 120
TABLE 35 EUROPE: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 120
TABLE 36 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 120
TABLE 37 ASIA PACIFIC: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 121
TABLE 38 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 121
TABLE 39 ROW: LITHIUM-ION BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 121
TABLE 40 MIDDLE EAST: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 121
TABLE 41 MIDDLE EAST: LITHIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 122
TABLE 42 COMPARISON OF LITHIUM-ION BATTERY TYPES BASED ON DIFFERENT PARAMETERS 123
TABLE 43 LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION) 123
TABLE 44 LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION) 124
TABLE 45 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 129
TABLE 46 LITHIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 129
TABLE 47 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021–2024 (USD MILLION) 130
TABLE 48 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025–2030 (USD MILLION) 130
TABLE 49 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021–2024 (USD MILLION) 132
TABLE 50 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025–2030 (USD MILLION) 132
TABLE 51 BATTERY TYPE/FORM USED BY OEMS, BY EV MODEL, 2025–2026 133
TABLE 52 BATTERY FORMS: ADVANTAGES AND DISADVANTAGES 133
TABLE 53 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY FORM,
2021–2024 (USD MILLION) 133
TABLE 54 EVS: LITHIUM-ION BATTERY MARKET, BY BATTERY FORM,
2025–2030 (USD MILLION) 133
TABLE 55 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, 2021–2024 (MWH) 135
TABLE 56 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, 2025–2030 (MWH) 135
TABLE 57 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021–2024 (USD MILLION) 136
TABLE 58 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025–2030 (USD MILLION) 136
TABLE 59 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021–2024 (USD MILLION) 137
TABLE 60 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025–2030 (USD MILLION) 138
TABLE 61 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY CONNECTION TYPE,
2021–2024 (USD MILLION) 138
TABLE 62 ENERGY STORAGE: LITHIUM-ION BATTERY MARKET, BY CONNECTION TYPE,
2025–2030 (USD MILLION) 138
TABLE 63 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021–2024 (USD MILLION) 141
TABLE 64 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025–2030 (USD MILLION) 141
TABLE 65 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021–2024 (USD MILLION) 142
TABLE 66 INDUSTRIAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025–2030 (USD MILLION) 143
TABLE 67 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE, 2021–2024 (USD MILLION) 144
TABLE 68 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY PRODUCT TYPE, 2025–2030 (USD MILLION) 145
TABLE 69 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET,
BY BATTERY CAPACITY, 2021–2024 (USD MILLION) 146
TABLE 70 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET,
BY BATTERY CAPACITY, 2025–2030 (USD MILLION) 146
TABLE 71 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION) 146
TABLE 72 CONSUMER ELECTRONICS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION) 147
TABLE 73 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2021–2024 (USD MILLION) 149
TABLE 74 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY CAPACITY,
2025–2030 (USD MILLION) 149
TABLE 75 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021–2024 (USD MILLION) 150
TABLE 76 MEDICAL: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025–2030 (USD MILLION) 150
TABLE 77 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2021–2024 (USD MILLION) 151
TABLE 78 OTHER APPLICATIONS: LITHIUM-ION BATTERY MARKET, BY BATTERY TYPE,
2025–2030 (USD MILLION) 152
TABLE 79 LEAD ACID BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 152
TABLE 80 LEAD ACID BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 153
TABLE 81 NORTH AMERICA: LEAD ACID BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 153
TABLE 82 NORTH AMERICA: LEAD ACID BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 153
TABLE 83 EUROPE: LEAD ACID BATTERY MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 153
TABLE 84 EUROPE: LEAD ACID BATTERY MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 154
TABLE 85 ASIA PACIFIC: LEAD ACID BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 154
TABLE 86 ASIA PACIFIC: LEAD ACID BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 154
TABLE 87 ROW: LEAD ACID BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 155
TABLE 88 ROW: LEAD ACID BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 155
TABLE 89 MIDDLE EAST: LEAD ACID BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 155
TABLE 90 MIDDLE EAST: LEAD ACID BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 155
TABLE 91 LEAD ACID BATTERY MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 156
TABLE 92 LEAD ACID BATTERY MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 156
TABLE 93 NICKEL-BASED BATTERY MARKET, BY TYPE, 2021–2024 (USD MILLION) 158
TABLE 94 NICKEL-BASED BATTERY MARKET, BY TYPE, 2025–2030 (USD MILLION) 158
TABLE 95 NICKEL-BASED BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 158
TABLE 96 NICKEL-BASED BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 159
TABLE 97 NORTH AMERICA: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 159
TABLE 98 NORTH AMERICA: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 159
TABLE 99 EUROPE: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 160
TABLE 100 EUROPE: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 160
TABLE 101 ASIA PACIFIC: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 160
TABLE 102 ASIA PACIFIC: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 161
TABLE 103 ROW: NICKEL-BASED BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 161
TABLE 104 ROW: NICKEL-BASED BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 161
TABLE 105 MIDDLE EAST: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 161
TABLE 106 MIDDLE EAST: NICKEL-BASED BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 162
TABLE 107 NIMH BATTERIES: NICKEL-BASED BATTERY MARKET, BY REGION,
2021–2024 (USD MILLION) 163
TABLE 108 NIMH BATTERIES: NICKEL-BASED BATTERY MARKET, BY REGION,
2025–2030 (USD MILLION) 163
TABLE 109 NIMH BATTERIES: NICKEL-BASED BATTERY MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 163
TABLE 110 NIMH BATTERIES: NICKEL-BASED BATTERY MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 164
TABLE 111 NICD BATTERIES: NICKEL-BASED BATTERY MARKET, BY REGION,
2021–2024 (USD MILLION) 164
TABLE 112 NICD BATTERIES: NICKEL-BASED BATTERY MARKET, BY REGION,
2025–2030 (USD MILLION) 165
TABLE 113 NICD BATTERIES: NICKEL-BASED BATTERY MARKET, BY APPLICATION,
2021–2024 (USD MILLION) 165
TABLE 114 NICD BATTERIES: NICKEL-BASED BATTERY MARKET, BY APPLICATION,
2025–2030 (USD MILLION) 165
TABLE 115 NICKEL-BASED BATTERY MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 166
TABLE 116 NICKEL-BASED BATTERY MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 166
TABLE 117 SOLID-STATE BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 170
TABLE 118 SOLID-STATE BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 170
TABLE 119 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 170
TABLE 120 NORTH AMERICA: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 171
TABLE 121 EUROPE: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 171
TABLE 122 EUROPE: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 171
TABLE 123 ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 172
TABLE 124 ASIA PACIFIC: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 172
TABLE 125 ROW: SOLID-STATE BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 172
TABLE 126 MIDDLE EAST: SOLID-STATE BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 173
TABLE 127 SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION) 173
TABLE 128 SOLID-STATE BATTERY MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION) 174
TABLE 129 SOLID-STATE BATTERY MARKET, BY CAPACITY, 2021–2024 (USD MILLION) 175
TABLE 130 SOLID-STATE BATTERY MARKET, BY CAPACITY, 2025–2030 (USD MILLION) 176
TABLE 131 SOLID-STATE BATTERY MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 178
TABLE 132 SOLID-STATE BATTERY MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 178
TABLE 133 FLOW BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 183
TABLE 134 FLOW BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 183
TABLE 135 NORTH AMERICA: FLOW BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 183
TABLE 136 NORTH AMERICA: FLOW BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 184
TABLE 137 EUROPE: FLOW BATTERY MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 184
TABLE 138 EUROPE: FLOW BATTERY MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 184
TABLE 139 ASIA PACIFIC: FLOW BATTERY MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 185
TABLE 140 ASIA PACIFIC: FLOW BATTERY MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 185
TABLE 141 ROW: FLOW BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 185
TABLE 142 ROW: FLOW BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 186
TABLE 143 MIDDLE EAST: FLOW BATTERY MARKET, BY COUNTRY, 2021–2024 (USD MILLION) 186
TABLE 144 MIDDLE EAST: FLOW BATTERY MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 186
TABLE 145 FLOW BATTERY MARKET, BY BATTERY TYPE, 2021–2024 (USD MILLION) 187
TABLE 146 FLOW BATTERY MARKET, BY BATTERY TYPE, 2025–2030 (USD MILLION) 187
TABLE 147 FLOW BATTERY MARKET, BY MATERIAL, 2021–2024 (USD MILLION) 189
TABLE 148 FLOW BATTERY MARKET, BY MATERIAL, 2024–2030 (USD MILLION) 189
TABLE 149 FLOW BATTERY MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 192
TABLE 150 FLOW BATTERY MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 192
TABLE 151 SODIUM-ION BATTERY MARKET, BY REGION, 2021–2024 (USD MILLION) 197
TABLE 152 SODIUM-ION BATTERY MARKET, BY REGION, 2025–2030 (USD MILLION) 197
TABLE 153 NORTH AMERICA: SODIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 197
TABLE 154 NORTH AMERICA: SODIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 198
TABLE 155 EUROPE: SODIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 198
TABLE 156 EUROPE: SODIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 198
TABLE 157 ASIA PACIFIC: SODIUM-ION BATTERY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 199
TABLE 158 ASIA PACIFIC: SODIUM-ION BATTERY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 199
TABLE 159 SODIUM-ION BATTERY MARKET, BY APPLICATION, 2021–2024 (USD MILLION) 200
TABLE 160 SODIUM-ION BATTERY MARKET, BY APPLICATION, 2025–2030 (USD MILLION) 200
TABLE 161 BATTERY TECHNOLOGY MARKET, BY REGION, 2021–2024 (USD MILLION) 205
TABLE 162 BATTERY TECHNOLOGY MARKET, BY REGION, 2025–2030 (USD MILLION) 205
TABLE 163 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 207
TABLE 164 NORTH AMERICA: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 207
TABLE 165 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 211
TABLE 166 EUROPE: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 211
TABLE 167 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 217
TABLE 168 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 217
TABLE 169 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2021–2024 (USD MILLION) 223
TABLE 170 ROW: BATTERY TECHNOLOGY MARKET, BY REGION, 2025–2030 (USD MILLION) 223
TABLE 171 MIDDLE EAST: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2021–2024 (USD MILLION) 224
TABLE 172 MIDDLE EAST: BATTERY TECHNOLOGY MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 224
TABLE 173 BATTERY TECHNOLOGY MARKET: OVERVIEW OF STRATEGIES ADOPTED
BY KEY PLAYERS, 2021–2024 227
TABLE 174 LITHIUM-ION BATTERY MARKET: DEGREE OF COMPETITION, 2024 231
TABLE 175 SOLID-STATE BATTERY MARKET: DEGREE OF COMPETITION, 2024 233
TABLE 176 BATTERY TECHNOLOGY MARKET: REGION FOOTPRINT 242
TABLE 177 BATTERY TECHNOLOGY MARKET: BATTERY TYPE FOOTPRINT 243
TABLE 178 BATTERY TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUPS/SMES 248
TABLE 179 BATTERY TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 249
TABLE 180 BATTERY TECHNOLOGY MARKET: PRODUCT LAUNCHES,
JANUARY 2021–MAY 2025 251
TABLE 181 BATTERY TECHNOLOGY MARKET: DEALS, JANUARY 2021–MAY 2025 252
TABLE 182 BATTERY TECHNOLOGY MARKET: EXPANSIONS, JANUARY 2021–MAY 2025 253
TABLE 183 BATTERY TECHNOLOGY MARKET: OTHER DEVELOPMENTS,
JANUARY 2021–MAY 2025 254
TABLE 184 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY OVERVIEW 256
TABLE 185 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 257
TABLE 186 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: PRODUCT LAUNCHES 258
TABLE 187 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: DEALS 259
TABLE 188 BYD COMPANY LTD.: COMPANY OVERVIEW 262
TABLE 189 BYD COMPANY LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 263
TABLE 190 BYD COMPANY LTD.: DEALS 264
TABLE 191 LG ENERGY SOLUTION: COMPANY OVERVIEW 266
TABLE 192 LG ENERGY SOLUTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 193 LG ENERGY SOLUTION: PRODUCT LAUNCHES 268
TABLE 194 LG ENERGY SOLUTION: DEALS 268
TABLE 195 LG ENERGY SOLUTION: EXPANSIONS 271
TABLE 196 SAMSUNG SDI: COMPANY OVERVIEW 273
TABLE 197 SAMSUNG SDI: PRODUCTS/SOLUTIONS/SERVICES OFFERED 274
TABLE 198 SAMSUNG SDI: DEALS 275
TABLE 199 SAMSUNG SDI: EXPANSIONS 275
TABLE 200 SAMSUNG SDI: OTHER DEVELOPMENTS 276
TABLE 201 PANASONIC HOLDINGS CORPORATION: COMPANY OVERVIEW 277
TABLE 202 PANASONIC HOLDINGS CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 278
TABLE 203 PANASONIC HOLDINGS CORPORATION: DEALS 279
TABLE 204 PANASONIC HOLDINGS CORPORATION: EXPANSIONS 280
TABLE 205 PANASONIC HOLDINGS CORPORATION: OTHER DEVELOPMENTS 280
TABLE 206 EVE ENERGY CO., LTD.: COMPANY OVERVIEW 282
TABLE 207 EVE ENERGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 283
TABLE 208 EVE ENERGY CO., LTD.: PRODUCT LAUNCHES 284
TABLE 209 EVE ENERGY CO., LTD.: DEALS 284
TABLE 210 TESLA: COMPANY OVERVIEW 286
TABLE 211 TESLA: PRODUCTS/SOLUTIONS/SERVICES OFFERED 287
TABLE 212 TESLA: DEVELOPMENTS 288
TABLE 213 GS YUASA CORPORATION: COMPANY OVERVIEW 289
TABLE 214 GS YUASA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 290
TABLE 215 GS YUASA CORPORATION: DEALS 291
TABLE 216 GS YUASA CORPORATION: OTHER DEVELOPMENTS 291
TABLE 217 SK INNOVATION CO., LTD.: COMPANY OVERVIEW 293
TABLE 218 SK INNOVATION CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 294
TABLE 219 SK INNOVATION CO., LTD.: DEALS 295
TABLE 220 TOSHIBA CORPORATION: COMPANY OVERVIEW 296
TABLE 221 TOSHIBA CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 297
TABLE 222 TOSHIBA CORPORATION: PRODUCT LAUNCHES 298
TABLE 223 TOSHIBA CORPORATION: DEALS 298
TABLE 224 SUNWODA ELECTRONIC CO., LTD.: COMPANY OVERVIEW 299
TABLE 225 SUNWODA ELECTRONIC CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 300
TABLE 226 SUNWODA ELECTRONIC CO., LTD.: DEALS 301
TABLE 227 MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW 302
TABLE 228 MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/
SERVICES OFFERED 304
TABLE 229 GOTION: COMPANY OVERVIEW 305
TABLE 230 GOTION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 306
TABLE 231 GOTION: DEALS 307
TABLE 232 ENERSYS: COMPANY OVERVIEW 308
TABLE 233 ENERSYS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 309
TABLE 234 ENERSYS: DEALS 311
TABLE 235 ENERSYS: EXPANSIONS 311
TABLE 236 VARTA AG: COMPANY OVERVIEW 312
TABLE 237 VARTA AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 314
TABLE 238 CALB: COMPANY OVERVIEW 315
TABLE 239 CALB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 316
TABLE 240 CALB: PRODUCT LAUNCHES 317
TABLE 241 EXIDE INDUSTRIES LTD.: COMPANY OVERVIEW 318
TABLE 242 INVINITY ENERGY SYSTEMS: COMPANY OVERVIEW 319
TABLE 243 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW 320
TABLE 244 ILIKA: COMPANY OVERVIEW 321
TABLE 245 SOLID POWER, INC.: COMPANY OVERVIEW 322
TABLE 246 KANADEVIA CORPORATION: COMPANY OVERVIEW 323
TABLE 247 FACTORIAL INC.: COMPANY OVERVIEW 324
TABLE 248 DURACELL INC.: COMPANY OVERVIEW 325
TABLE 249 AMPEREX TECHNOLOGY LIMITED: COMPANY OVERVIEW 326
TABLE 250 CLARIOS: COMPANY OVERVIEW 327
TABLE 251 BAK POWER: COMPANY OVERVIEW 328
TABLE 252 BLUE SOLUTIONS: COMPANY OVERVIEW 329
TABLE 253 PROLOGIUM TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 330
TABLE 254 FACTORIAL INC: COMPANY OVERVIEW 331
TABLE 255 SAKUU CORPORATION: COMPANY OVERVIEW 332
TABLE 256 HINA BATTERY TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 333
TABLE 257 ENEROX GMBH: COMPANY OVERVIEW 334
TABLE 258 FARASIS ENERGY (GANZHOU) CO., LTD.: COMPANY OVERVIEW 335
TABLE 259 ZONERGY CORPORATION.: COMPANY OVERVIEW 336
LIST OF FIGURES
FIGURE 1 BATTERY TECHNOLOGY MARKET SEGMENTATION AND REGIONAL SCOPE 32
FIGURE 2 BATTERY TECHNOLOGY MARKET: RESEARCH DESIGN 37
FIGURE 3 BATTERY TECHNOLOGY MARKET: RESEARCH APPROACH 38
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 44
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY FOR LITHIUM-ION BATTERY MARKET: SUPPLY-SIDE ANALYSIS 44
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR SOLID-STATE BATTERY MARKET: SUPPLY-SIDE ANALYSIS 45
FIGURE 8 DATA TRIANGULATION 46
FIGURE 9 ASSUMPTIONS 47
FIGURE 10 BATTERY TECHNOLOGY MARKET, 2021–2030 49
FIGURE 11 LITHIUM-ION BATTERY TYPE TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 50
FIGURE 12 ASIA PACIFIC TO LEAD GLOBAL BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD 51
FIGURE 13 RISING SALES OF BATTERY-OPERATED ELECTRIC VEHICLES GLOBALLY
TO DRIVE MARKET 52
FIGURE 14 SOLID-STATE SEGMENT TO DOMINATE MARKET WITH HIGHEST CAGR,
BY TYPE, IN 2030 53
FIGURE 15 HISTORICAL AND PROJECTED DATA ON BATTERY CAPACITY INSTALLATIONS WORLDWIDE, 2021–2033 53
FIGURE 16 LITHIUM-ION BATTERY SEGMENT AND CHINA TO HOLD LARGEST SHARE OF BATTERY TECHNOLOGY MARKET IN ASIA PACIFIC IN 2030 54
FIGURE 17 INDIA TO RECORD HIGHEST CAGR IN GLOBAL BATTERY TECHNOLOGY MARKET BETWEEN 2025 AND 2030 55
FIGURE 18 BATTERY TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES 56
FIGURE 19 ELECTRIC CAR SALES, 2018–2024 57
FIGURE 20 BATTERY TECHNOLOGY MARKET: IMPACT ANALYSIS OF DRIVERS 61
FIGURE 21 BATTERY TECHNOLOGY MARKET: IMPACT ANALYSIS OF RESTRAINTS 63
FIGURE 22 BATTERY TECHNOLOGY MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 66
FIGURE 23 BATTERY TECHNOLOGY MARKET: IMPACT ANALYSIS OF CHALLENGES 70
FIGURE 24 BATTERY TECHNOLOGY VALUE CHAIN ANALYSIS 71
FIGURE 25 KEY PLAYERS IN BATTERY TECHNOLOGY ECOSYSTEM 74
FIGURE 26 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, 2021–2033 76
FIGURE 27 AVERAGE SELLING PRICE TREND OF LFP AND NMC BATTERIES, 2021–2024 77
FIGURE 28 AVERAGE SELLING PRICE TREND OF LITHIUM-ION BATTERIES, BY REGION,
2021–2024 78
FIGURE 29 LITHIUM-ION BATTERY MANUFACTURING CAPACITY OF DIFFERENT COUNTRIES, 2022 VS. 2025 VS. 2030 82
FIGURE 30 TRENDS/DISRUPTIONS INFLUENCING PLAYERS IN BATTERY TECHNOLOGY MARKET 84
FIGURE 31 GLOBAL EV BATTERY INVESTMENT AND VC FUNDING SCENARIO, 2018–2024 85
FIGURE 32 GLOBAL INVESTMENT AND PE/VC FUNDING SCENARIO FOR BATTERY ENERGY STORAGE SYSTEMS, 2020–2024 86
FIGURE 33 BATTERY TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 89
FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS 91
FIGURE 35 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 92
FIGURE 36 IMPORT SCENARIO FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 95
FIGURE 37 EXPORT SCENARIO FOR HS CODE 850650-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 96
FIGURE 38 LITHIUM-ION BATTERY MARKET: PATENT ANALYSIS, 2015–2024 97
FIGURE 39 KEY AI USE CASES IN BATTERY TECHNOLOGY MARKET 108
FIGURE 40 BATTERY TECHNOLOGY MARKET, BY BATTERY TYPE 116
FIGURE 41 SOLID-STATE BATTERIES TO LEAD MARKET WITH HIGHEST CAGR DURING FORECAST PERIOD 117
FIGURE 42 LITHIUM-ION BATTERY MARKET, BY TYPE 122
FIGURE 43 LFP SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 123
FIGURE 44 PERFORMANCE PARAMETERS OF NMC BATTERIES 125
FIGURE 45 PERFORMANCE PARAMETERS OF LFP BATTERIES 125
FIGURE 46 PERFORMANCE PARAMETERS OF LCO BATTERIES 126
FIGURE 47 PERFORMANCE PARAMETERS OF LTO BATTERIES 127
FIGURE 48 PERFORMANCE PARAMETERS OF LMO BATTERIES 127
FIGURE 49 PERFORMANCE PARAMETERS OF NCA BATTERIES 128
FIGURE 50 LITHIUM-ION BATTERY MARKET, BY APPLICATION 129
FIGURE 51 SOLID-STATE BATTERY, BY BATTERY TYPE 173
FIGURE 52 SOLID-STATE BATTERY MARKET, BY CAPACITY 175
FIGURE 53 SOLID-STATE BATTERY MARKET, BY APPLICATION 178
FIGURE 54 FLOW BATTERY MARKET, BY BATTERY TYPE 187
FIGURE 55 FLOW BATTERY MARKET, BY MATERIAL 189
FIGURE 56 FLOW BATTERY MARKET, BY APPLICATION 192
FIGURE 57 BATTERY TECHNOLOGY MARKET, BY REGION 203
FIGURE 58 INDIA TO REGISTER HIGHEST CAGR IN GLOBAL BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD 204
FIGURE 59 ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2025 TO 2030 204
FIGURE 60 NORTH AMERICA: BATTERY TECHNOLOGY MARKET SNAPSHOT 206
FIGURE 61 US HELD LARGEST SHARE OF NORTH AMERICAN MARKET IN 2024 206
FIGURE 62 EUROPE: BATTERY TECHNOLOGY MARKET SNAPSHOT 210
FIGURE 63 UK TO RECORD HIGHEST CAGR IN EUROPEAN BATTERY TECHNOLOGY MARKET DURING FORECAST PERIOD 210
FIGURE 64 ASIA PACIFIC: BATTERY TECHNOLOGY MARKET SNAPSHOT 216
FIGURE 65 CHINA TO CAPTURE LARGEST SHARE OF ASIA PACIFIC MARKET IN 2030 216
FIGURE 66 EMERGING BATTERY POWERHOUSES: INDIA’S GIGAFACTORY MAP 220
FIGURE 67 ROW: BATTERY TECHNOLOGY MARKET SNAPSHOT 222
FIGURE 68 MIDDLE EAST TO EMERGE AS FASTEST-GROWING REGION IN BATTERY TECHNOLOGY MARKET IN ROW DURING FORECAST PERIOD 222
FIGURE 69 BATTERY TECHNOLOGY MARKET: REVENUE ANALYSIS, 2021–2024 230
FIGURE 70 LITHIUM-ION BATTERY MARKET SHARE ANALYSIS, 2024 231
FIGURE 71 SOLID-STATE BATTERY MARKET SHARE ANALYSIS, 2024 234
FIGURE 72 COMPANY VALUATION 236
FIGURE 73 FINANCIAL METRICS (EV/EBITDA) 236
FIGURE 74 BRAND COMPARISON 237
FIGURE 75 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 239
FIGURE 76 SOLID-STATE BATTERY MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 240
FIGURE 77 BATTERY TECHNOLOGY MARKET: COMPANY FOOTPRINT 241
FIGURE 78 LITHIUM-ION BATTERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 246
FIGURE 79 SOLID-STATE BATTERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 247
FIGURE 80 LITHIUM BATTERY STARTUP LANDSCAPE 250
FIGURE 81 CONTEMPORARY AMPEREX TECHNOLOGY CO., LIMITED: COMPANY SNAPSHOT 257
FIGURE 82 BYD COMPANY LTD.: COMPANY SNAPSHOT 263
FIGURE 83 LG ENERGY SOLUTION: COMPANY SNAPSHOT 267
FIGURE 84 SAMSUNG SDI: COMPANY SNAPSHOT 274
FIGURE 85 PANASONIC HOLDINGS CORPORATION: COMPANY SNAPSHOT 278
FIGURE 86 EVE ENERGY CO., LTD.: COMPANY SNAPSHOT 283
FIGURE 87 TESLA: COMPANY SNAPSHOT 287
FIGURE 88 GS YUASA CORPORATION: COMPANY SNAPSHOT 290
FIGURE 89 SK INNOVATION CO., LTD.: COMPANY SNAPSHOT 294
FIGURE 90 TOSHIBA CORPORATION: COMPANY SNAPSHOT 297
FIGURE 91 SUNWODA ELECTRONIC CO., LTD.: COMPANY SNAPSHOT 300
FIGURE 92 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 303
FIGURE 93 GOTION: COMPANY SNAPSHOT 306
FIGURE 94 ENERSYS: COMPANY SNAPSHOT 309
FIGURE 95 VARTA AG: COMPANY SNAPSHOT 313
FIGURE 96 CALB: COMPANY SNAPSHOT 316
