Global advanced batteries market to reach $2,5 billion by 2026
27 July 2022
News
The next generation advanced batteries market in the US was estimated at $72,9 million in 2021. The country currently accounts for a 33,96% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of $367,6 million in 2026, trailing a CAGR of 71,8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 50,7% and 57,4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 57% CAGR while the rest of the European market will reach $571,3 million by the close of the analysis period.
The need for batteries that can be recharged quickly is growing at an unprecedented rate, leading to the development and production of highly advanced batteries that are inevitable for the efficient functioning of smart homes, smart wearables and smartphones.
At the same time, the availability of higher efficiency, higher capacity and higher durability next-generation grid-scale storage batteries is pushing demand for their application in consumer electronics and automotive industries. The revenue growth is also contributed to by the ability of these advanced batteries to charge, recharge and discharge at a rapid rate.
Further reading:
From the editor's desk: The art of measuring the truth
Technews Publishing
Editor's Choice News
All electronic measurements are a lie. The trick is making the lie as small as possible.
Read more...
TSE has relocated
News
The Technology Station in Electronics (TSE) has entered a new chapter with its relocation from the CSIR campus to TUT-owned building at Ditsela Place in Hatfield.
Read more...
Innovative MyLegrand app
RS South Africa
News
Legrand SA is set to launch the MyLegrand mobile application, a digital platform designed to strengthen engagement across its professional network.
Read more...
Kulani Energy acquires critical assets from Optipower
News
Kulani Energy preserves engineering, procurement, and construction capability and positions a wholly women-owned firm at the forefront of South Africa’s grid expansion.
Read more...
From Cape Town to Johannesburg
News
Würth Elektronik South Africa has taken a significant step forward with its recent relocation from Cape Town to Johannesburg, marking a new phase of growth and ambition for the company.
Read more...
Lesley Havenga: Building partnerships for Africa’s electronics future
Editor's Choice News
As Würth Electronik expands its footprint across South Africa and the broader sub-Saharan region, Havenga’s blend of manufacturing expertise, supply chain knowledge, and people-centred leadership appears well suited to the task.
Read more...
Tackling e-waste with help from international partners
News
Every year millions of electrical and electronic devices and appliances, including mobile phones and computers, are thrown away and these items are now the fastest growing waste stream in the world.
Read more...
From the editor's desk: Pricing surge reshapes engineering reality
Technews Publishing
News
The recent and continuing surge in memory prices has become more than a supply-chain story confined to global semiconductor markets. We have watched in disbelief as the ASP of memory has risen by over
...
Read more...
Siemens democratises EDA software access
News
This collaboration will provide streamlined access to advanced electronic design automation software for European semiconductor innovation.
Read more...
Components distribution: A promising trend
News
The European electronic components market returned to solid growth in Q1, gaining 16,9%, with broad, but uneven, momentum across the region.
Read more...
printer friendly version