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What is the global battery market value?
Battery Market Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The "Battery - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Battery was valued at US$144.3 Billion in 2024 and is projected to reach US$322.2 Billion by 2030, growing at a CAGR of 14.3% from 2024 to 2030.
What is the market share of outdoor power equipment in 2021?
The North American market accounted for 34.91% share of the overall market in 2021. The regional market’s growth is attributed to North America’s larger geographical area compared to its population, which leads to more gardens and lawns in the region. This led to increased demand for outdoor power equipment in the region.
What is the global outdoor power equipment market size?
The global outdoor power equipment market size was USD 46.53 billion in 2021 and is expected to reach USD 76.61 billion by 2030, expanding at a CAGR of 5.9% from 2022 to 2030. The market growth can be credited to increasing demand for cordless outdoor power equipment as people are inclining more toward greater flexibility and portability.
What are the key players in the global outdoor power equipment market?
Some of the prominent players in the global outdoor power equipment market include: Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. Avail customized purchase options to meet your exact research needs.
What will drive outdoor power equipment market growth in 2020?
Furthermore, the technological advancements of several companies in outdoor power equipment are also expected to drive market growth. For instance, in February 2020, Robert Bosch GmbH launched Indego M 700 and Indego M+ 700, two autonomous lawn mowers.
Why is the battery market growing?
The growth in the battery market is driven by several factors. The rapid adoption of electric vehicles (EVs) is a primary driver, as the demand for high-performance, long-lasting batteries is crucial for extending driving ranges and reducing charging times.
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