What is the global lithium-ion battery market size?

Overtake your competition with ease. Global Lithium-ion Battery Market Size in terms of revenue was estimated to be worth $56.8 billion in 2023 and is poised to reach $187.1 billion by 2032, growing at a CAGR of 14.2% during the forecast period.

What is the market opportunity for rechargeable batteries?

The various types of consumer electronics coming up for e.g. mobile phones, watches, cameras, laptops, portable batteries, and others use rechargeable batteries. The automotive sector using electric vehicles is the other segment which holds a significant opportunity for the rechargeable batteries market in the given forecast period.

What is the global rechargeable battery market?

The global rechargeable battery market is expected to grow at a CAGR of 15.4% from 2024 to 2029. The standard definition for rechargeable batteries is that these batteries can be recharged through electricity after each use. They find applications in various sectors like automotive, consumer electronics, and many others.

What is the growth rate of the rechargeable battery market?

The global rechargeable battery market is expected to grow at a CAGR of 6.8% between 2024 and 2032. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF By 2026, li-ion batteries will make up to 70% of the overall rechargeable battery market, followed by lead-acid at about 20%.

Which region has the largest share in the global rechargeable battery market?

Also, lithium-ion batteries have demonstrated the highest portability, consolidating the segment position in the global rechargeable battery market. North America is analyzed to be the region with the largest share in the global rechargeable battery market during the forecast period.

Why are rechargeable batteries a better cost-efficient solution for consumers?

Rechargeable batteries are a better cost-efficient solution for consumers due to their rechargeability. The growing demand for portability in consumer electronics like smartphones, laptops, and digital cameras is a significant driver for the growth of the global rechargeable battery market.