Battery Technology Market - Growth and Opportunities by 2027
The global battery technology market size is expected to grow from USD 95.7 billion in 2022 to USD 136.6 billion by 2027, at a CAGR of 7.4%. The growth of the market is attributed to the rising demand for battery-operated material-handling equipment and automation in various industries as well as increasing installation of batteries in utility sector. However, rising concern regarding storage and transportation of spent batteries is restraining the market growth.
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