Blockchain Press Releases
Battery Market to Exhibit 12.1% CAGR and Generate $298.1 Billion by 2031 | Research Dive
The battery market is predicted to witness prominent growth by 2031, due to the increasing demand for electric vehicles in the automotive sector. Regionally, the Asia-Pacific region held the highest market share in 2021.
NEW YORK, July 3, 2023 /PRNewswire/ —
Global Battery Market Forecast Analysis:
As per the report published by Research Dive, the global battery market is projected to generate a revenue of $298.1 billion and grow at a noteworthy CAGR of 12.1% during the estimated timeframe from 2022 to 2031.
Segments of the Battery Market
The report has divided the battery market into the following segments:
- Battery Type: lithium-ion batteries, lead-acid batteries, and others
- Lithium-Ion Batteries – Generated the biggest revenue in 2021
The increasing demand for electric vehicles and renewable energy storage systems and the rising use of lithium-ion batteries in consumer electronics are expected to foster the growth of the market sub-segment over the analysis timeframe. - Application: automotive & transportation consumer electronics, energy & power, telecom, and others
- Automotive & Transportation – Held the dominant market share in 2021
The increasing use of batteries in various types of vehicles such as plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and many more, and the growing government initiatives to promote the adoption of cleaner vehicles are expected to fuel the growth of the market sub-segment further. - Region: North America, Europe, Asia-Pacific, and LAMEA
- Asia-Pacific – Registered the highest revenue in 2021
The rising demand for renewable energy, rapidly growing urbanization, and the increasing government initiatives to encourage the use of electric vehicles are expected to drive the regional growth of the market in the coming period.
Access to the Complete PDF Sample of the Battery Market
Dynamics of the Global Battery Market
The increasing demand for electric vehicles in the automotive sector to reduce carbon emissions and enhance the use of clean energy technologies is expected to fortify the growth of the battery market throughout the analysis period. Moreover, the increasing demand for portable devices and wearables such as smartphones, tablets, smartwatches, fitness trackers, and many more which operate through batteries is expected to create wide growth opportunities for the market during the forecast period. However, the limited availability of raw materials for battery manufacturing may hamper the growth of the market during the estimated timeframe.
Covid-19 Impact on the Global Battery Market
The rise of the Covid-19 pandemic has brought numerous uncertainties across various businesses. It has also badly impacted the battery market. The disruption in supply chains, the global economic slowdown, and the closure of manufacturing facilities have decreased the demand for batteries during the pandemic. Moreover, the shutdown of many battery manufacturers and suppliers has slowed down the production of batteries owing to government-imposed restrictions. This has resulted in delays and shortages of essential materials such as cobalt, nickel, and lithium. All these factors have declined the market’s growth throughout the crisis.
Speak with an Analyst or Schedule a call to get more Industry Insights on the Battery Market
Key Players of the Global Battery Market
The major players of the market include
- CALB
- Shenzhen Grepow Battery Co. Ltd.
- SAMSUNG SDI CO. LTD.
- ENVISION AESC GROUP LTD.
- BYD Company Ltd.
- Contemporary Amperex Technology Co. Limited.
- EXIDE INDUSTRIES LIMITED
- Advanced Power Solutions n.v.
- Amara Raja Group
- LG Energy Solution
These players are mainly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to obtain a leading position in the global industry.
For instance, in February 2023, Qnovo, a leading e-mobility battery management software provider announced its collaboration with NXP® Semiconductors, a global semiconductor company. With this collaboration, the companies aimed to offer a new solution for e-mobility enablement solutions for electric vehicles, namely, SpectralX©. It is a smart battery management system software that utilizes predictive analytics to enhance battery performance, safety, and the range of several types of EVs.
Granular Research on Specific Regions or Segments of Battery Market & Avail 10%OFF
What the Report Covers
Apart from the information summarized in this press release, the final report covers crucial aspects of the market including SWOT analysis, market overview, Porter’s five forces analysis, market dynamics, segmentation (key market trends, forecast analysis, and regional analysis), and company profiles (company overview, operating business segments, product portfolio, financial performance, and latest strategic moves and developments.)
More about Battery Market:
- Powering the Future: Exploring Recent Advancements in the Battery Market
- Global Battery Market to Generate $298.1 Billion in the 2022–2031 Timeframe Due to Growing Demand for Environmentally-Friendly Transportation
Some Trending Article Links:
- The Global Battery Recycling Market is predicted to be valued at $47.2 billion by 2031
- The Global Biochar Market Size is predicted to be valued at $2,366.4 million by 2031
- The Global Conventional Oil Market Size is predicted to be valued at $4,690.2 million by 2031
About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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Blockchain
Andrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)”
Quick Custom Intelligence (QCI) is pleased to announce a must-attend session at the upcoming January 28–30, 2025, Raving Next: Indian Gaming Strategic Operations and Leadership Conference at Pechanga Resort Casino in Temecula, CA. This event will feature Andrew Cardno, CTO of QCI, as he delivers an in-depth exploration of the rapid technological evolution reshaping tribal gaming, including the impact of Artificial Intelligence (AI) and robotics on gaming floors and team members.
The signature session, titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not),” will take place on January 29, 2025, from 1:15 – 2:00 PM (Mainstage). Mr. Cardno’s presentation will discuss how casino operators can adopt these advanced tools while preserving core traditions and staying ahead of the competition.
“AI and robotics are no longer futuristic concepts in the tribal gaming space—they are here now,” said Andrew Cardno, CTO of QCI. “Our goal is to help operators confidently integrate these technologies and develop robust plans for sustainable success.”
The session will also feature insights from Deana Scott, CEO of Raving Consulting, who will offer guidance on seamlessly incorporating new technologies into tribal enterprise strategies, ensuring both guest experience and workforce well-being remain top priorities.
“This isn’t about technology for technology’s sake,” noted Deana Scott. “It’s about finding the best fit for each tribal enterprise, ensuring the heart of our industry—our people and culture—remains at the forefront of decision-making.”
Attendees can expect to leave with practical approaches to integrating and leveraging emerging technologies in ways that reinforce the unique strengths of tribal gaming, enhance operational efficiency, and empower team members.
The post Andrew Cardno to speak on the session titled “The Seven Forces Transforming Our Industry (Whether We Like It or Not)” appeared first on News, Events, Advertising Options.
Blockchain Press Releases
SquaredFinancial adds the Trump and Melania meme coins to its crypto offering
VICTORIA, Seychelles, Jan. 24, 2025 /PRNewswire/ — Industry-leading fintech firm, SquaredFinancial, proudly announces that it has added the newly launched Trump and Melania meme coins to its crypto offering, empowering investors to gain wider access to the most popular markets and diversify their trading.
This new addition aligns with the company’s commitment to catering to the evolving needs of investors from different backgrounds and offering them quality and innovation. Clients and leads can now trade the trending Trump and Melania meme crypto coins on SquaredFinancial’s MetaTrader 5 (MT5) platform with competitive conditions and leverage.
SquaredFinancial constantly introduces new products to leverage the trading experience of its existing clients and attract potential traders who are on the pursuit of a trusted and reliable financial partner. The company thrives to keep innovation at the centre of its business. Its technology growth, competitive offerings, extensive expertise and education endeavours, are constantly recognized by renowned bodies.
Crypto enthusiasts are invited to visit SquaredFinancial website to learn more.
About SquaredFinancial
SquaredFinancial is a well-capitalized FinTech firm founded in 2005. It aims at becoming a one-stop shop that meets investors’ financial needs. With around two decades of experience in financial technology and trading, it offers global solutions to traders of different generations and backgrounds, who are looking for an intuitive and sophisticated investment gateway. It is led by market experts and leadership veterans who share a passion for trading and a vision to reshape the industry landscape. As a regulated firm, it provides investors with an online platform backed by cutting-edge technology that offers the opportunity to trade a wide range of instruments from different asset classes. SquaredFinancial has recently launched its proprietary mobile trading app and its innovative fixed-time deposit account.
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Blockchain
Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)
Ethereum’s Challenges Highlight the Importance of Blockchain Integrity
Ethereum, once hailed as the undisputed king of smart contract platforms, is facing mounting criticism over scalability issues and increasing centralization concerns. Critics argue that Ethereum’s looming challenges serve as a cautionary tale about the importance of maintaining blockchain integrity in the pursuit of innovation.
The network’s shift to proof-of-stake has introduced debates about validator centralization and network control. As transaction fees remain high and competition from newer blockchains intensifies, Ethereum’s journey underscores the delicate balance between growth and decentralization in the blockchain ecosystem.
Source: Bitcoin Magazine
Quantum Emotions Introduces Revolutionary Quantum Wallet
Quantum Emotions, a pioneering quantum technology firm, has unveiled its groundbreaking quantum wallet designed to provide unprecedented security for blockchain users. Leveraging quantum random number generators, the wallet ensures ultra-secure private key management and protection against emerging quantum threats.
As the blockchain industry prepares for a quantum computing era, innovations like this wallet highlight the need to future-proof digital assets. Quantum Emotions’ solution is a step forward in safeguarding the integrity of blockchain transactions in an increasingly complex technological landscape.
Source: Finance Yahoo
Pepeto Simplifies Cross-Chain Trading for Blockchain Users
Pepeto, a trailblazer in the blockchain space, is revolutionizing cross-chain trading with its user-friendly platform. By simplifying blockchain transfers across different networks, Pepeto addresses a significant pain point for users navigating the complexities of decentralized finance (DeFi).
The platform’s intuitive interface and efficient protocols enable seamless asset transfers while reducing transaction costs and processing times. As interoperability becomes a crucial factor in the blockchain sector, Pepeto’s innovation is set to reshape how users interact with decentralized ecosystems.
Source: Bitcoinist
Zeus Investments Launches Blockchain Research Division
Zeus Investments has announced the launch of its dedicated blockchain research division, aimed at driving innovation and identifying strategic opportunities in the blockchain sector. The division will focus on exploring emerging technologies, evaluating market trends, and fostering partnerships with industry leaders.
By committing resources to blockchain research, Zeus Investments signals its belief in the transformative potential of decentralized technologies. This initiative underscores the growing interest among traditional financial institutions in harnessing blockchain’s disruptive capabilities.
Source: Finance Yahoo
AgileGTM Blockchain Fund Secures $2M in First Close of $10M VC Fund
AgileGTM has achieved a significant milestone by securing $2 million in the first close of its $10 million pan-European blockchain venture capital fund. The fund aims to support early-stage blockchain startups across Europe, focusing on innovative solutions in areas such as DeFi, NFTs, and enterprise applications.
This development highlights the increasing appetite for blockchain investment and the role of venture capital in accelerating the growth of the industry. AgileGTM’s initiative reflects the potential for blockchain to drive economic transformation and innovation across diverse sectors.
Source: Tech.eu
The post Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM) appeared first on News, Events, Advertising Options.
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