Skip to main content

Batteries to be Critical for Energy Transition | Globaldata Plc

Written by Customer Service on . Posted in Public Companies.

The battery market size was valued at $55 billion in 2020

LONDON, June 15, 2022 (GLOBE NEWSWIRE) — The batteries market is expected to grow at a CAGR of over 13% during the forecast period. The accelerating EV industry (passenger cars and commercial vehicles) will be front and center of the battery market growth over the next decade. Both the battery and EV industries will have to work closely with the public sector, capital markets, and other stakeholders to scale cheaper, longer life, cleaner, and more recyclable batteries, battery components, and battery materials. Also, the circular battery economy will be critical to the energy transition, and it is vital for nations (and companies) to develop domestic recycling.

The Batteries Market Research Report offered by GlobalData Plc provides an overview of the battery market and the key trends impacting its growth over the next 12 to 24 months, including core segments, raw materials, smelting and refining, component makers, battery technologies, end markets, and end of life.

To know more about the battery market forecast, download a free sample

Key Technology Trends Impacting the Battery Market

  • The lithium era
  • Battery materials
  • The silicon and graphene revolution
  • Quantum glass technology
  • Sodium technology
  • Liquid metal battery technology
  • The Tesla factor
  • Solid-state battery technology
  • Developing solid-state battery technology
  • Energy storage and battery alternatives
  • Ultracapacitors

Due to lithium’s (Li) unmatched combination of lightness and high-energy density, Li-based batteries will dominate the sector for the foreseeable future. Recent advances in the energy density of lithium iron phosphate (LFP) batteries mean that LFP technology will compete increasingly with Li-ion batteries for electric vehicle (EV) and stationary storage applications. Tesla and BYD, among others, are basing some EV models on LFP batteries.

For more insights on key technology trends impacting the battery theme, download a free sample

Key Macroeconomic Trends Impacting the Battery Market

  • Impending battery shortage
  • Electric vehicles
  • Battery recycling
  • The geopolitical battery arms race
  • ESG
  • Nickel bottleneck
  • Vertical integration

For more insights on key macroeconomic trends impacting the battery theme, download a free sample

Key Regulatory Trends Impacting the Battery Market

  • Exemplary Norway
  • Competition in the Lithium Triangle
  • COP26 fallout
  • Graphite tariffs

For more insights on key regulatory trends impacting the battery theme, download a free sample

Leading Public Companies in the Battery Market

  • BYD
  • Contemporary Amperex Technology (CATL)
  • LG Energy Solution
  • Panasonic
  • QuantumScape
  • Samsung SDI
  • Tesla

To know more about leading public companies associated with the battery theme, download a free sample

Leading Private Companies in the Battery Market

  • Ambri
  • NorthVolt
  • Sila Nano

To know more about leading private companies associated with the battery theme, download a free sample

Battery Market Overview

Market Size 2020$55 billion
CAGR>13%
Forecast Period2021-2030
Key Technology TrendsThe Lithium Era, Battery materials, The Silicon and Graphene Revolution, Quantum Glass Technology, Sodium Technology, Liquid Metal Battery Technology, The Tesla Factor, Solid-State Battery Technology, Developing Solid-State Battery Technology, Energy Storage and Battery Alternatives, and Ultracapacitors
Key Macroeconomic TrendsImpending Battery Shortage, Electric Vehicles, Battery Recycling, The Geopolitical Battery Arms Race, ESG, Nickel Bottleneck, and Vertical Integration
Key Regulatory TrendsExemplary Norway, Competition in The Lithium Triangle, COP26 Fallout, and Graphite Tariffs
Leading Public CompaniesBYD, Contemporary Amperex Technology (CATL), LG Energy Solution, Panasonic, QuantumScape, Samsung SDI, and Tesla
Leading Private CompaniesAmbri, NorthVolt, and Sila Nano

Battery Market Report Scope

  • This report provides an overview of the batteries theme.
  • It identifies the key trends impacting growth of the theme over the next 12 to 24 months, split into three categories: technology trends, macroeconomic trends, and regulatory trends.
  • It includes analysis of multiple data sets, including patents and M&A trends, alongside a timeline highlighting milestones in the development of the batteries.
  • The detailed value chain discusses the core segments, including raw materials, smelting and refining, component makers, battery technologies, end markets, and end of life.

FAQs

What was the battery market size in 2020?
The battery market size was valued at $55 million in 2020.

What is the battery market growth rate?
The battery market is expected to grow at a CAGR of more than 13% during the forecast period.

What are the key technology trends impacting the battery market?
The key technology trends impacting the battery theme are the lithium era, battery materials, the silicon and graphene revolution, quantum glass technology, sodium technology, liquid metal battery technology, the tesla factor, solid-state battery technology, developing solid-state battery technology, energy storage and battery alternatives, and ultracapacitors.

What are the key macroeconomic trends impacting the battery market?
The key macroeconomic trends impacting the battery theme are Impending battery shortage, electric vehicles, battery recycling, the geopolitical battery arms race, ESG, nickel bottleneck, and vertical integration.

What are the key regulatory trends impacting the battery market?
The key regulatory trends impacting the battery theme are exemplary Norway, competition in the lithium triangle, COP26 fallout, and graphite tariffs.

Which are the leading public companies in the battery market?
The leading public companies in the battery market are BYD, Contemporary Amperex Technology (CATL), LG Energy Solution, Panasonic, QuantumScape, Samsung SDI, and Tesla.

Which are the leading private companies in the battery market?
The leading private companies in the battery market are Ambri, NorthVolt, and Sila Nano.

Related Reports

  • Environmental, Social, and Governance (ESG) Sentiment Polls, Q1 2022 – Thematic Research – Click here
  • Tech Sentiment Polls, Q1 2022 – Thematic Research – Click here
  • Metaverse – Thematic Research – Click here
  • Tencent – Enterprise Tech Ecosystem Series – Click here
  • Technology Patents by Top Themes, 2017-2021 – Thematic Research – Click here

About us

GlobalData is a leading provider of data, analytics, and insights on the world’s largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData’s mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.

Media Contacts

GlobalData

Mark Jephcott
Head of PR EMEA
mark.jephcott@globaldata.com
cc: pr@globaldata.com

+44 (0)207 936 6400

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.