Battery Market
The size of the worldwide battery market was estimated at USD 119.99 billion in 2021, and from 2022 to 2030, it is predicted to increase at a compound annual growth rate (CAGR) of 18%. The market is expected to grow as a result of falling lithium ion battery prices and increased demand from data centres. The Battery Market is segmented into lithium ion and lead acid batteries, among other things, and the shortage of raw materials is expected to hamper growth. Africa, Asia Pacific, and many other regions are expected to drive the market.
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