Battery Market Analysis Demand Dynamics, Size Projections, and Growth Trends
Introduction: The battery market was estimated to be worth USD 117.44 billion in 2021. The industry is expected to increase at a compound annual growth rate (CAGR) of 11.10% between 2022 and 2030, from USD 140.67 billion in 2022 to USD 326.57 billion. The battery market encompasses the production, distribution, and utilization of various types of energy storage devices, including lithium-ion...
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