Market Size of Australia Battery Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
