𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐂𝐚𝐧𝐚𝐝𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐚𝐧𝐚𝐝𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 14.95 billion with a CAGR of 17.4% till 2030. Canada is one of the leading countries in adoption of EVs. The government in Canada is promoting the use of EVs and undertaking several initiatives for electrification of public transportation to decarbonizing the transportation sector and transitioning to a low-carbon future. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐍𝐞𝐱𝐭-𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 : Canada is positioning itself as a hub for innovation in the next generation of batteries, including solid-state batteries and sodium-ion batteries. These technologies promise higher energy densities, faster charging times, and lower costs compared to traditional lithium-ion batteries. Research into these technologies is being driven by both public funding and private-sector investments. 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐅𝐚𝐬𝐭-𝐂𝐡𝐚𝐫𝐠𝐢𝐧𝐠 𝐚𝐧𝐝 𝐇𝐢𝐠𝐡-𝐄𝐧𝐞𝐫𝐠𝐲 𝐃𝐞𝐧𝐬𝐢𝐭 : With increasing demand for EVs, there is a strong push for batteries that offer fast charging and longer driving ranges. Canadian companies are exploring new battery materials, chemistries, and designs that provide higher energy densities, reducing the need for frequent recharging and improving the overall user experience. https://www.nextmsc.com/report/canada-battery-market

𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 4.01 billion with a CAGR of 12.4% till 2030. Australia is home to enormous mineral wealth and one of the leading industries in Australia is the mining industry. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐬 𝐢𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 : Australian researchers and companies are at the forefront of developing next-generation battery technologies, including solid-state batteries, sodium-ion batteries, and battery management systems. These innovations are expected to improve the efficiency, safety, and affordability of batteries, which will contribute to the growth of the battery market in Australia. 𝐒𝐨𝐝𝐢𝐮𝐦-𝐢𝐨𝐧 𝐛𝐚𝐭𝐭𝐞𝐫𝐢𝐞𝐬 : That are gaining attention as a potential alternative to lithium-ion batteries due to their lower cost and the abundance of sodium. Australian companies and research institutions are exploring the potential of sodium-ion as an affordable and scalable energy storage solution. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 : Australia is focusing on battery recycling technologies to address the growing environmental impact of used batteries. The development of sustainable battery recycling systems will enhance resource recovery and support the circular economy. https://www.nextmsc.com/report/australia-battery-market

𝐂𝐡𝐢𝐧𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬, 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐂𝐡𝐢𝐧𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 71.21 billion with a CAGR of 13.8% till 2030. China is one of the leading manufacturers of Consumer electronics, such as smartphones and laptops, in the world. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐖𝐨𝐫𝐥𝐝 𝐋𝐞𝐚𝐝𝐞𝐫 𝐢𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 : China is the world’s largest producer of lithium-ion batteries, both in terms of manufacturing capacity and export volume. Companies like CATL (Contemporary Amperex Technology Co. Ltd.), BYD, Gotion High-Tech, and Svolt are global leaders in the battery industry. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 : Chinese manufacturers are pushing the boundaries of battery technology by developing high-energy density batteries, solid-state batteries, and sodium-ion batteries, which are expected to offer advantages over traditional lithium-ion batteries in terms of safety, cost, and resource availability. https://www.nextmsc.com/report/china-battery-market

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 133.60 billion with a CAGR of 14.7% till 2030. This can be attributed to factors such as high sales of consumer electronics, including smartphones, laptops, and cameras, in China, Japan, and India owing to large population in these countries. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐇𝐮𝐛 𝐟𝐨𝐫 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 : Battery Manufacturing in China, Japan, and South Korea: APAC is home to the world's largest battery manufacturers, such as CATL, BYD, LG Energy Solution, and Samsung SDI, which are contributing significantly to the growth of the regional market. These companies are not only catering to domestic demand but are also driving exports globally. 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐂𝐡𝐞𝐦𝐢𝐬𝐭𝐫𝐲 : Development of Advanced Battery Technologies: The APAC region is a global leader in research and development (R&D) for next-generation battery technologies. This includes solid-state batteries, sodium-ion batteries, and high-density lithium-ion batteries. https://www.nextmsc.com/report/asia-pacific-battery-market

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐄𝐮𝐫𝐨𝐩𝐞 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 13.05 billion with a CAGR of 18.5% till 2030. Hungary is taking the lead in central Eastern Europe to join the European battery industry’s goal to secure a successful green transition within the automotive and energy sector with a strong battery industry to achieve the national as well as European climate goals. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐬 : The demand for battery energy storage systems (BESS) is increasing in the Rest of Europe as countries expand their renewable energy capacity. There is significant investment in solar and wind energy, especially in Poland, Czech Republic, and the Balkans, which need energy storage to balance intermittent supply. Batteries play a critical role in stabilizing these energy sources and storing excess energy for use when generation is low. 𝐄𝐧𝐞𝐫𝐠𝐲 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐜𝐞 : Given the geopolitical climate in Europe, countries are seeking energy independence from traditional fossil fuels, and battery storage is seen as a critical part of this transition. For example, Poland and Hungary are investing heavily in solar+storage systems to complement renewable energy capacity, improving energy security and reducing dependency on energy imports. 𝐎𝐟𝐟-𝐆𝐫𝐢𝐝 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 : In countries with remote regions (e.g., Bulgaria, Romania, and Albania), off-grid solar-plus-battery systems are helping to provide power to areas that lack reliable access to the grid. https://www.nextmsc.com/report/rest-of-europe-battery-market

𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐮𝐬𝐬𝐢𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐮𝐬𝐬𝐢𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 7.13 billion with a CAGR of 16.7% till 2030.The electrochemical storage systems segment in Russia is experiencing swift growth and is touted as the primary catalyst for investments in the energy sector. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐑𝐞𝐧𝐞𝐰𝐚𝐛𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧 : As Russia aims to reduce its reliance on fossil fuels, there is growing interest in integrating renewable energy sources, particularly solar and wind. Battery storage systems (BESS) are crucial for balancing the intermittent nature of these renewable sources, particularly in Russia’s remote regions. Energy storage is seen as an essential component in stabilizing the grid and providing backup power. 𝐋𝐚𝐫𝐠𝐞-𝐒𝐜𝐚𝐥𝐞 𝐄𝐧𝐞𝐫𝐠𝐲 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭: Russia is starting to experiment with large-scale energy storage systems to improve grid stability, especially in remote areas with limited access to centralized power infrastructure. These systems allow for the storage of excess energy produced during times of high renewable output and its redistribution during peak demand periods. 𝐆𝐫𝐢𝐝-𝐒𝐜𝐚𝐥𝐞 𝐒𝐭𝐨𝐫𝐚𝐠𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 : Companies like Rosetti (a Russian electricity grid operator) are exploring battery storage as a solution to improve the efficiency and reliability of the national grid. In particular, battery storage will help integrate renewable energy into Russia’s existing grid infrastructure and support future electrification efforts. https://www.nextmsc.com/report/russia-battery-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐌𝐞𝐭𝐡𝐨𝐝𝐨𝐥𝐨𝐠𝐲 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐀𝐟𝐫𝐢𝐜𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐟𝐫𝐢𝐜𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 4.35 billion with a CAGR of 19.9% till 2030. A battery operates as a mechanism that stores energy and later releases it by transforming chemical energy into electrical energy. Typically, batteries produce electricity by harnessing one or more electrochemical cells. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐏𝐨𝐥𝐢𝐜𝐢𝐞𝐬 : Several African countries are beginning to introduce EV incentives to encourage the adoption of electric vehicles. Countries like South Africa, Kenya, and Morocco are implementing tax exemptions, subsidies, and rebates for EV buyers. The African Union has also initiated policies to accelerate the transition to electric mobility, aiming for a cleaner, greener transportation future. 𝐔𝐫𝐛𝐚𝐧 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 : Cities like Cape Town, Lagos, and Nairobi are seeing rising interest in electric public transport solutions, including electric buses, taxis, and commercial vehicles. This is part of a broader move to reduce urban air pollution, noise, and dependence on fossil fuels. Governments and private entities are investing in charging infrastructure to support EV adoption, further driving the demand for batteries. 𝐋𝐨𝐜𝐚𝐥 𝐄𝐕 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 : In addition to growing demand, local EV manufacturing is also gaining momentum. For example, South Africa is home to companies like BMW, Volkswagen, and Mercedes-Benz, which are beginning to transition towards EV production. As the African EV market matures, there will be increased demand for lithium-ion batteries and other advanced battery technologies to power these vehicles. https://www.nextmsc.com/report/africa-battery-market

𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐁𝐞𝐡𝐚𝐯𝐢𝐨𝐮𝐫 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 26.47 billion with a CAGR of 16.09% till 2030. In Saudi Arabia, the presence of global battery material suppliers that are engaged in various strategies, such as business expansion, drives the market. 𝐊𝐞𝐲 𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬: 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 : Middle Eastern governments are increasingly offering incentives and subsidies to promote the adoption of electric vehicles (EVs). Countries like the United Arab Emirates (UAE), Saudi Arabia, and Qatar are introducing policies to reduce the carbon footprint of their transportation sectors. For example, the UAE is planning to have 50% of all vehicles in the country be electric by 2050 as part of its Green Mobility Strategy. 𝐏𝐮𝐛𝐥𝐢𝐜 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 : Many Middle Eastern cities are focusing on electrifying public transportation networks, including buses, taxis, and metro systems. In Dubai, for instance, the RTA (Roads and Transport Authority) is rolling out electric buses, and Saudi Arabia is also investing in electric public transport as part of its Vision 2030. 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐕 𝐁𝐚𝐭𝐭𝐞𝐫𝐢𝐞𝐬 : The rising adoption of electric vehicles is driving the demand for lithium-ion batteries and other advanced battery chemistries, especially for passenger vehicles, buses, and electric two-wheelers in urban areas. Local manufacturing of batteries is expected to rise to meet this demand. https://www.nextmsc.com/report/middle-east-battery-market

𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐋𝐚𝐭𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐚𝐭𝐢𝐧 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 25.63 billion with a CAGR of 17.4% till 2030. The Latin American region comprises Brazil, Colombia, Peru, and others. Latin America is actively participating in the transformation of mobility systems in the region to electrify and decarbonize their transportation networks owing to growing environmental awareness and availability. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐏𝐮𝐬𝐡 : Environmental sustainability is becoming a key driver in Latin America, with governments and businesses focusing on reducing carbon footprints and promoting clean technologies. This includes greater adoption of electric vehicles (EVs) and green energy solutions like solar, wind, and hydropower, all of which require batteries for storage and efficient use of energy. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 : With the rapid increase in battery use, Latin American countries are beginning to invest in battery recycling initiatives. Brazil, for example, has been exploring battery recycling to prevent e-waste buildup and recover valuable raw materials like lithium, cobalt, and nickel. As battery use grows, so does the focus on recycling to create a more sustainable, circular economy. 𝐂𝐢𝐫𝐜𝐮𝐥𝐚𝐫 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 : In line with global trends, Latin American governments and businesses are increasingly adopting circular economy principles for battery use, encouraging the reuse, refurbishment, and recycling of batteries to reduce environmental impact. https://www.nextmsc.com/report/latin-america-battery-market

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭 𝐨𝐟 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 is predicted to reach USD 11.76 billion with a CAGR of 15.9% till 2030. The Rest of Asia Pacific consists of Indonesia, the Philippines, Malaysia, and others. Business expansions by key players including Tesla in Indonesia drive the market. 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬: 𝐑𝐚𝐩𝐢𝐝 𝐄𝐕 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 : The APAC region, particularly countries like China, Japan, South Korea, and India, is witnessing rapid adoption of electric vehicles. China is leading the global EV market, but countries such as India and Southeast Asian nations are also accelerating EV adoption, spurred by government incentives and increased consumer demand. 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 & 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧𝐬 : Many APAC countries are setting ambitious targets for EV adoption, including subsidies, tax incentives, and regulations mandating a shift toward cleaner mobility. For instance, China plans to have 20% of all new car sales be electric by 2025, while India has set a target to have 30% of vehicles on the road be electric by 2030. 𝐁𝐚𝐭𝐭𝐞𝐫𝐲 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐄𝐕𝐬 : The rise in electric vehicle production directly increases the demand for batteries, particularly lithium-ion batteries, which are used in electric cars, buses, and two-wheelers. This trend is driving battery manufacturers to scale up production capacities. https://www.nextmsc.com/report/rest-of-asia-pacific-battery-market