Worldwide Battery Industry to 2026 - Featuring Clarios, Sony and Toshiba Among Others - ResearchAndMarkets.com
Batteries are used to supply primary power or act as the back-up power supply in transport, industrial, or commercial applications.
- Batteries are used to supply primary power or act as the back-up power supply in transport, industrial, or commercial applications.
- The rising number of electrical circuits and devices in the transportation industry is one of the major factors driving this growth.
- The overall battery market is expected to grow at a CAGR of over 8% during the forecasted period of 2021-26.
- Falling battery prices and improving technology are expected to bring price-competitive electric vehicles to the market, creating a demand for battery technologies.