Rechargeable Batteries Global Strategic Business Report 2022: Widening Applications Spur Growth for Li-Ion Batteries - ResearchAndMarkets.com
The Rechargeable Batteries market in the U.S. is estimated at US$27.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$30.2 Billion by the year 2027 trailing a CAGR of 8.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3% CAGR
DUBLIN--(BUSINESS WIRE)--Oct 31, 2022--
The "Rechargeable Batteries: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Rechargeable Batteries Market to Reach $147.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Rechargeable Batteries estimated at US$100.2 Billion in the year 2020, is projected to reach a revised size of US$147.2 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Lead Acid, one of the segments analyzed in the report, is projected to record a -4.7% CAGR and reach US$34.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lithium-Ion segment is readjusted to a revised 12.6% CAGR for the next 7-year period.
