Battery Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR70909

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The battery market has the potential to grow by USD 82.89 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 27.77%.

This battery market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (consumer electronics, transportation, and stationary) and geography (APAC, North America, Europe, South America, and MEA). The battery market report also offers information on several market vendors, including Aptiv Plc, Exide Technologies, GS Yuasa Corp., Johnson Controls International Plc, LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, Samsung SDI Co. Ltd., and Toshiba Corp. among others.

What will the Battery Market Size be in 2021?


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Battery Market: Key Drivers and Trends

The rising inclusion of renewables in the energy mix is notably driving the battery market growth, although factors such as the demand-supply gap of battery components may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the battery market industry get your FREE report sample now.

This battery market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Battery Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • Aptiv Plc
  • Exide Technologies
  • GS Yuasa Corp.
  • Johnson Controls International Plc
  • LG Chem Ltd.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Saft Groupe SA
  • Samsung SDI Co. Ltd.
  • Toshiba Corp.


The battery market is fragmented and the vendors are deploying growth strategies such as focusing on developing new products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the battery market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Battery Market?


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62% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for battery market in APAC. Market growth in this region will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Battery Market?


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The battery market share growth by the consumer electronics segment will be significant during the forecast period. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the battery market size.



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What are the Key Factors Covered in this Battery Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive battery market growth during the next five years
  • Precise estimation of the battery market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the battery market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of battery market vendors

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Battery Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 27.77%

Market growth 2021-2025

$ 82.89 billion

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 62%

Key consumer countries

China, US, Japan, South Korea (Republic of Korea), and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aptiv Plc, Exide Technologies, GS Yuasa Corp., Johnson Controls International Plc, LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, Samsung SDI Co. Ltd., and Toshiba Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The battery market growth will increase by $82.89 billion during 2020-2025.
The battery market is expected to grow at a CAGR of 27.77% during 2020-2025.
Technavio has segmented the battery market by application (Consumer Electron, Transportation, and Stationary) and geographic (APAC, North America, Europe, South America, and MEA).
Aptiv Plc, Exide Technologies, GS Yuasa Corp., Johnson Controls International Plc, LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, Samsung SDI Co. Ltd., Toshiba Corp. are a few of the key vendors in the battery market.
APAC will register the highest growth rate of 61.5% among the other regions. Therefore, the battery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • South Korea (Republic of Korea)
  • Germany
The key factors driving the battery market growth are:
  • Rising inclusion of renewables in the energy mix
The battery market vendors should focus on grabbing business opportunities from the consumer electron segment as it accounted for the largest market share in the base year.
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