Battery Market – Global Industry Growth and Trend Analysis

Global Battery Market Size Was Valued at USD 126.6 Billion in 2023 and is Projected to Reach USD 365.14 Billion by 2032, Growing at a CAGR of 12.49% From 2024-2032

A battery is an electrochemical device consisting of one or more electrochemical cells that can be charged and discharged with an electric current. These devices are commonly used to power small electric devices like mobile phones, remotes, and flashlights. Historically, the term "battery" was used to refer to a combination of two or more cells, but modern definitions now consider only a single cell.