Australia Battery Market Size

Statistics for the 2023 & 2024 Australia Battery market size, created by Mordor Intelligence™ Industry Reports. Australia Battery size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Australia Battery Industry

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Australia Battery Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 1.29 Billion
Market Size (2029) USD 1.94 Billion
CAGR (2024 - 2029) 8.41 %
Market Concentration Low

Major Players

Australia Battery Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Australia Battery Market Analysis

The Australia Battery Market size is estimated at USD 1.29 billion in 2024, and is expected to reach USD 1.94 billion by 2029, growing at a CAGR of 8.41% during the forecast period (2024-2029).

  • Over the medium term, factors such as increasing demand from consumer electronics, electric vehicle applications, and supportive government policies are expected to increase the demand for energy storage systems, eventually driving the Australia battery market during the forecast period.
  • On the other hand, the need for more activities and development in various stages (except for mining) of the battery production supply chain, is expected to restrain the market potential during the forecast period.
  • Nevertheless, new advancements in battery technologies are expected to create immense opportunities for the Australian battery market during the forecast period.

Australia Batteries Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)