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The Australia battery market size was valued at USD 1.55 billion in 2023. The market is further projected to grow at a CAGR of 8.2% between 2024 and 2032, reaching a value of USD 3.23 billion by 2032.
The growth of the battery market is primarily fuelled by favourable government policies and incentives, increasing adoption of renewable energy sources, and the rising demand for energy storage solutions across various sectors like automotive, residential, commercial, and industrial applications. Additionally, the accelerating adoption of electric vehicles is contributing to Australia battery market development by driving demand for advanced battery technologies. For instance, the national count of home energy storage systems grew to 1,920 MWh in 2022, which is enough to meet the daily electricity needs of 128,000 typical households.
Moreover, the growing need for energy storage to balance intermittent renewable energy sources, improve grid stability, and provide backup power during outages is a key trend driving the Australia battery market growth. Additionally, advancements in battery technologies, such as improved energy densities and faster charging capabilities, are shaping the market trends and enhancing product offerings. The integration of batteries into smart grids and electric vehicle (EV) charging infrastructure is another significant trend, reflecting the increasing focus on sustainable energy solutions.
Further, lead-acid batteries are widely used in traditional vehicles for starting, lighting, and ignition (SLI) applications. They offer excellent cold-cranking performance and reliability, making them economically viable for mass-market technology in Australia. Lithium-ion batteries dominate the Australia battery market share, especially in the automotive sector due to the increasing demand for electric vehicles (EVs) and grid storage solutions. They offer high-energy density and lightweight properties, making them ideal for modern energy storage needs.
Nickel-cadmium batteries are known for their durability and reliability, commonly used in various applications like portable devices, emergency lighting, and power tools due to their long life and cost-efficiency. Lithium-titanate-oxide batteries have emerged as the fastest-growing product in the battery market. Their ability to fast charge and innovative features are driving their adoption across various applications, including automotive and energy storage systems. Zinc-manganese dioxide batteries are commonly used in electronic devices like cameras, watches, and toys due to their reliable power supply. Nickel-ion batteries offer a reliable power source for various applications such as aerospace, electronics, and industrial equipment due to their durability.
Australia Battery Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Product
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
Market players are focused on providing premium quality of silica sand across industries to stay ahead in the competition.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Product |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Battery Market Overview
8.1 Key Industry Highlights
8.2 Australia Battery Historical Market (2018-2023)
8.3 Australia Battery Market Forecast (2024-2032)
9 Australia Battery Market by Type
9.1 Primary Battery
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Secondary Battery
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Australia Battery Market by Product
10.1 Lead Acid Battery
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Nickel Cadmium Battery
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Lithium-Ion Battery
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Nickel Metal Hydride Battery
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Lithium Titanate Oxide (LTO) Battery
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Zinc-manganese dioxide Battery
10.6.1 Historical Trend (2018-2023)
10.6.2 Forecast Trend (2024-2032)
10.7 Nickel-ion Battery
10.7.1 Historical Trend (2018-2023)
10.7.2 Forecast Trend (2024-2032)
10.8 Others
11 Australia Battery Market by Application
11.1 Portable Batteries
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Industrial Batteries
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive Batteries
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Consumer Electronics
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Australia Battery Market by End Use
12.1 Automobile
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Energy Storage
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Aerospace
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Electronics
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Military and Defence
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Australia Battery Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 850680)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Magnis Energy Technologies Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Lithium Batteries Australia
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Energy Renaissance Pty Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Battery Energy Power Solutions Pty Ltd.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Century Yuasa Batteries Pty Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Sun Brilliance Pty Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Smart Battery Technologies Pty Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Master Instruments Pty Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Battery Market: Key Industry Highlights, 2018 and 2032
2. Australia Battery Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Australia Battery Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Australia Battery Historical Market: Breakup by Product (USD Billion), 2018-2023
5. Australia Battery Market Forecast: Breakup by Product (USD Billion), 2024-2032
6. Australia Battery Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Australia Battery Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Australia Battery Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Australia Battery Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Australia Battery Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Australia Battery Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. Major Importing Countries by Volume
13. Major Exporting Countries by Volume
14. Major Importing Countries by Value
15. Major Exporting Countries by Value
16. Australia Battery Market Structure
In 2023, the market reached an approximate value of USD 1.55 billion.
The market is expected to grow at a CAGR of 8.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 3.23 billion by 2032.
The market is being driven due to emergence of lithium-ion batteries, favourable government policies and incentives, and rising demand for energy storage solutions across various sectors like automotive, residential, commercial, and industrial applications.
Increasing adoption of renewable energy sources and the accelerating adoption of electric vehicles is contributing to market expansion by driving demand for advanced battery technologies.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of batteries include portable batteries, industrial batteries, automotive batteries, and consumer electronics, among others.
Based on product, the market segmentations include lead acid battery, nickel cadmium battery, lithium-ion battery, nickel metal hydride battery, lithium titanate oxide (LTO) battery, zinc-manganese dioxide battery, nickel-ion battery, among others.
Key players in the market are Magnis Energy Technologies Limited, Lithium Batteries Australia, Energy Renaissance Pty Ltd., Battery Energy Power Solutions Pty Ltd., Century Yuasa Batteries Pty Ltd., Sun Brilliance Pty Ltd., Smart Battery Technologies Pty Ltd., and Master Instruments Pty Ltd, among others.
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