Battery as energy storage technology has become an important aspect of our life which is full of electronic gadgets. Battery technology keeps innovating itself to match the requirement from electronics items which may include smaller, thin, flexible, and high capacity battery. Some of the newer battery technology includes lithium ion battery, solid state battery and so on. Electronics gadget is not the only items where innovative or high capacity battery is required, electric vehicle is another aspect where lots of innovation is being done in terms of battery to increase the capacity and charging speed of the battery.
Lithium ion battery is expected to be implemented in most of the electronics gadget around us. Various research firm and scientist are trying to increase the efficiency, capacity of lithium ion battery as the demand electric vehicle, smartphone, and renewable energy storage increase, where lithium ion battery is being used. Demand of lithium ion battery is further increased by the fact that the price of battery pack has significantly decreased in last couple of years and is expected to decrease further. Step are being taken to recycle the lithium ion battery, however currently recycle rate of lithium ion battery is close to 1%. With the development in technology and demand, recycle rate is estimated to be increase for lithium ion battery.
The wireless charging has founded its roots back in 1891 by famous Tesla experiment. The consistent research and development and formation of various industry alliance for wireless charging has made this technology marketable. The world is increasingly going “wireless” and battery-enabled devices is complementing it in a big way. Therefore, wireless charging has made in-roads in consumer electronics for wirelessly charging smartphones, wearable electronics, and other devices. The major technology used for the consumer electronics market is inductive wireless charging and both integrated and aftermarket wireless charging solutions are available in plenty. On the other hand, wireless charging for industrial application has garnered attention from many companies from different backgrounds. Wireless charging market for industrial applications evolving rapidly as companies are leveraging high-power wireless power transmission solutions to challenge the status quo of legacy power delivery system in industrial environment which requires connector and heavy-duty cables.
Battery as energy storage technology has become an important aspect of our life which is ful
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The global solid-state battery market is expected to grow from USD 0.26 billion in 2025 to USD 1.77 billion by 2031, at a compound annual growth rate (CAGR) of 37.5% during the forecast period.The Key Players Blue Solutions (France), Solid Power, Inc. (US), ProLogium Technology Co, Ltd. (Taiwan), Ilika (UK), and Factorial Energy (US).
The global lithium-ion battery market is expected to grow from USD 194.66 billion in 2025 to USD 426.37 billion by 2033, at a compound annual growth rate (CAGR) of 10.3% during the forecast period. The Key Players Contemporary Amperex Technology Co., Limited. (China), LG Energy Solution (South Korea), Panasonic Holdings Corporation (Japan), BYD Company Ltd. (China), and SAMSUNG SDI (South Korea).
The global battery production machine market is expected to grow from USD 13.26 billion in 2024 to USD 37.59 billion in 2029, at a compound annual growth rate (CAGR) of 23.2%. during the forecast period.The key players Hitachi High-Tech Corporation (Japan), Dürr Group (Germany), Lead Intelligent Equipment Co., Ltd. (China), Schuler Group (Germany), and Yinghe Technology Co., Ltd .(China).
The global flow battery market is expected to grow from USD 0.34 billion by 2024 to USD 1.18 billion by 2030, at a compound annual growth rate (CAGR) of 23.0% during the forecast period.The key players Infinite Energy Systems (UK), Sumitomo Electric Industries, Ltd. (Japan), VRB Energy (Canada), Enerox GmbH (Austria), Elestor (The Netherlands), ESS Tech, Inc. (US), Largo Inc. (Canada), Lockheed Martin Corporation (US), and Primus Power (US).
The global battery energy storage market is expected to grow from USD 7.8 billion in 2024 to USD 25.6 billion by 2029, at a compound annual growth rate (CAGR) of 26.9% during the forecast period. The key players BYD Company Ltd. (China), Samsung SDI Co., Ltd. (South Korea), LG Energy Solution (South Korea), Panasonic Corporation (Japan) and Tesla (US).
The global battery management system market size is expected to grow from USD 9.1 billion in 2024 to USD 22.0 billion by 2029, at a compound annual growth rate (CAGR) of 19.3%. during the forecast period.The key players Sensata Technologies, Inc. (Japan), Eberspächer (Germany), Panasonic Holdings Corporation (Japan), and LG Energy Solution. (South Korea), AVL (Austria), FICOSA Internartional SA (Spain), Leclanché SA (Switzerland), Elithion (US), BMS PowerSafe (France), PowerTech Systems (France).
The global battery cyclers market is expected to grow from USD 794 million in 2024 to USD 1,609 million by 2029, at a compound annual growth rate (CAGR) of 15.2% during the forecast period.The key players AMETEK.Inc. (US), BioLogic (France), Chroma ATE, Inc. (Taiwan), Arbin Instruments (US), DIGATRON (US).
The global microinverter market is expected to grow from USD 4.9 billion in 2024 to USD 14.5 billion by 2029, at a compound annual growth rate (CAGR) of 24.1% during the forecast period.The key players Enphase Energy (US), Altenergy Power Systems (US), Hoymiles (China), Ningbo Deye Inverter Technology Co Ltd (China), Chilicon Power LLC (US), AEconversion GmbH & CO. KG (Germany), Envertech (China), ZJBENY (China), Bluesun Solar Co., Ltd. (China), and Solar Panels Plus (US).
The global lithium-sulfur battery market is expected to grow from USD 32 million in 2023 to USD 209 million in 2028, at a compound annual growth rate (CAGR) of 45.6% during the forecast period.The key players PolyPlus Battery Company (US), NexTech Batteries Inc. (US), Li-S Energy Limited (Australia), Lyten, Inc. (US), Theion GmbH (Germany), Gelion plc (Australia), Zeta Energy LLC (US).
The global nickel metal hydride (NiMH) battery market size is expected to grow from USD 2.4 billion in 2023 to USD 2.7 billion by 2028, at a compound annual growth rate (CAGR) of 3.1% during the forecast period.The major players Energizer Holdings, Inc. (US), Panasonic Holdings Corporation (Japan), Duracell (US), VARTA AG (Germany), FDK Corporation (Japan), BYD Company Limited (China), Primearth EV Energy Co., Ltd. (Japan), and GP Batteries International Limited (China).
The global micro battery market is expected to grow from USD 0.5 billion in 2023 to USD 1.3 billion by 2028, at a compound annual growth rate (CAGR) of 22.4% during the forecast period.The key players Cymbet Corporation (US), Enfucell (Finland), Ultralife Corporation (US), Molex, LLC (US), Panasonic Holdings Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), TDK Corporation (Japan), Maxell, Ltd. (Japan), VARTA AG (Germany), Renata SA (Switzerland), and Duracell Inc. (US) among others.
The global thin film and printed battery market size is expected to grow from USD 187 million in 2023 to USD 650 million by 2028, at a compound annual growth rate (CAGR) of 28.2% during the forecast period.The Key Players Samsung SDI Co., Ltd. (South Korea), Enfucell (Finland), Molex, LLC (US), NGK Insulators, Ltd. (Japan), Ultralife Corporation (US), Jenax Inc. (South Korea), and ProLogium Technology Co., Ltd. (Taiwan).
The global silicon battery market is expected to grow from USD 55 million in 2023 to USD 414 million by 2028, at a compound annual growth rate (CAGR) of 49.5% during the forecast period.The major players Amprius Technologies, Inc. (US), Enovix Corporation (US), Enevate Corporation (US), NanoGraf Corporation (US), Sila Nanotechnologies, Inc. (US), Group14 Technologies, Inc. (US), and Nexeon Limited (UK).
The global battery technology market is expected to grow from USD 95.7 billion in 2022 to USD 136.6 billion by 2027, at a compound annual growth rate (CAGR) of 7.4% during the forecast period.The Major players LG Chem (South Korea), Hitachi Ltd. (Japan), SAMSUNG SDI CO. LTD. (South Korea), GS Yuasa International Ltd. (Japan), Enersys (US), Panasonic Holdings Corporation (Japan), and Contemporary Amperex Technology Co., Ltd. (China).
The global nickel cadmium battery market size is expected to grow from USD 1.4 Billion in 2022 to USD 1.6 Billion by 2027, at a compound annual growth rate (CAGR) of 2.8% during the forecast period.The Major Players ALCAD A.B. (Sweden), EnerSys (US), GS Yuasa Corporation (Japan), HOPPECKE Batterien GmbH & Co. KG (Germany), HBL Power Systems Limited (India), and Saft Groupe SAS (France).
The metal-air battery market is expected to grow from USD 498 million in 2022 to USD 993 million by 2027, at a compound annual growth rate (CAGR) of 14.8% during the forecast period.The Major Players in the GP Batteries International (Hong Kong), Arotech Corporation (US), Energizer Holdings (US), Duracell (US), and Renata SA (Switzerland).
The global lithium silicon battery market is expected to grow from USD 10 million in 2022 to USD 247 million by 2030, at a compound annual growth rate (CAGR) of 48.4 % during the forecast period.The major players Amprius Technologies (US), Enovix Corporation (US), NanoGraf Corporation (US), Enevate Corporation (US), Sila Nanotechnologies, Inc. (US), and Group14 Technologies, Inc. (US).
The power bank market is expected to reach USD 13.4 billion by 2025; growing at a CAGR of 8.1% during the forecasting period. Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), and INTEX (India) are among the major players in this market.
The flexible battery market is expected to reach USD 296 million by 2025; it is expected to grow at a CAGR of 24.7% during the forecasting period. Samsung SDI (South Korea), LG Chem (South Korea), Enfucell Oy Ltd. (Finland), Blue Spark Technologies (US), Apple, Inc. (US), Panasonic Corporation (Japan), Ultralife Corporation (US), BrightVolt (US), Imprint Energy (US), Energy Diagnostics (UK), Prologium Technology Co., Ltd. (Taiwan), Molex (US), PolyPlus Battery Company (US), ITEN SA (France), Jenax (South Korea), and Guangzhou Fullriver Battery New Technology Co., Ltd. (China), are key players operating in the flexible battery market.
The global battery market for IoT is estimated to grow from USD 9.2 billion in 2020 to USD 15.9 billion in 2025; growing at a CAGR of 11.6% from 2020 to 2025. Duracell Inc (Duracell) (US), Energizer Holdings Inc (Energizer) (US), Panasonic Corporation (Panasonic) (Japan), LG Chem Ltd (LG Chem) (South Korea), Samsung SDI Co (Samsung SDI) (South Korea), STmicroelectronics N.V (STmicroelectronics) (Switzerland), Cymbet Corporation Inc (Cymbet) (US), Ultralife Corporation (Ultralife) (US), Ilika Plc (Ilika) (UK), and Imprint Energy Inc (Imprint Energy) (US) are the prominent players in the global battery market for IoT.
The global AGM battery market size is projected to reach USD 13.9 billion by 2025; growing at a CAGR of 5.3% during the forecasting period. Exide Technologies (US), Clarios (US), Power Sonic Corporation (US), EnerSys (US), Fullriver Battery (US) East Penn Manufacturing Company (US), Universal Power Group (US), Fullriver Battery (US), and C&D Technologies (US), among others, are the major players operating in the AGM battery market.
The overall nanowire battery market is projected to reach USD 243 million by 2026, growing at a CAGR of 35.7% during the forecasting period. Major players involved in the nanowire battery market include Amprius (US), Sila Nanotechnologies (US), OneD Material (US), Nexeon (UK), NEI Corporation (US), XG Sciences (US), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), Enevate (US), ACS Materials (US), Novarials Corporation (US), Boston Power (US), Lithium Werks (Netherlands), and Targray (Canada).
The overall wireless power transmission market is expected to be valued at USD 11.27 Billion by 2022, growing at a CAGR of 23.15%. The growth of this market is propelled by the factors such as the convenience offered by and consumer preference for wireless connectivity and need for effective charging systems. The inductive technology in the growth stage, while the magnetic resonance technology is entering the introductory stage; both the markets are expected to grow in the coming years.
Portable battery pack report primarily deals with different battery technologies and product types of electronic devices. This report segments the global portable battery market into four different segments, namely capacity range, product type, technology, and geography. The global portable battery market is expected to reach $10.94 billion by 2020, at an estimated CAGR of 17.53 % from 2014 to 2020. Asia-Pacific is the leading region in the overall portable battery pack market followed by North America and Europe.