Battery Plate Market is predicted to reach USD 5.5 billion at a CAGR of 35.90% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “global Battery Plate Market”.

The battery plate market is estimated to register a CAGR of 35.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global battery plate market— Desay, Microvast, Inc, KIJO BATTERY GROUP, HOPPECKE Industrial Batteries, GNB Industrial Power, Exide Technologies, Hawker Powersource, Inc., EV Battery Solutions, EVERLITE, ElectriPlast Corporation, and Crown Battery.

Market Highlights

The global battery plate market is accounted to register a CAGR of 35.90% during the forecast period and is estimated to reach USD 5.53 Billion by 2032.

The production and distribution of battery plates, which are essential parts of numerous types of batteries, is referred to as the "Battery Plate Market." In order to meet the demand for batteries in industries like automotive, energy storage, and electronics, these plates are made to efficiently store and release electrical energy.

Segment Analysis

The global battery plate market has been segmented based battery type, sales channel and end user.

On the basis of battery type, the market is segmented into lead acid, lithium-ion, and others. Lithium-ion segment dominated the global market in 2022. The highest energy density per weight, quick charging capability, longer lifespan, and high power density are just a few benefits of lithium-ion batteries.

Based on sales channel, the global battery plate market has been segmented into OEMs and aftermarket. Aftermarket segment dominated the global Battery Plate market in 2022. This is because of a number of factors, including the battery plate's lower cost compared to OEM, equal quality to OEM, greater variety, and easier accessibility to nearby businesses.

Based on end user, the global battery plate market has been segmented into automotive, aerospace, railway, and others. Automotive segment dominated the global market in 2022. The increased manufacture of passenger cars around the world is to blame for this.

Regional Analysis

The global battery plate market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe battery plate market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The battery plate market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World battery plate market comprises of Middle East, Africa, and Latin America.

The North America battery plate market dominated this market in 2022 (45.80%). The increased production of batteries for trucks is to blame for this. The main battery supplier to the chain of forklift trucks in North America is GNB. Additionally, improvements in battery plates are made using cutting-edge tubular technological characteristics that enclose the active material, providing cyclic stability, a longer lifespan, and a higher capacity.

Additionally, Europe battery plate market accounted for the healthy market share in 2022. The primary driver of the market's expansion is the increasing use of electric vehicles. The Cessna Caravan recently completed its maiden all-electric flight in June. Rising environmental concerns in the area are also giving the market growth a further boost. Further, the German Battery Plate market held the largest market share, and the U.K Battery Plate market was the fastest growing market in the European region.

The Asia Pacific battery plate market is expected to register significant growth from 2023 to 2032. This is a result of both expanding environmental concerns in nations like China, India, and Singapore and expanded battery output.

Furthermore, the industry that supplies and manufactures battery plates, specifically in the Latin American region, is referred to as the Latin America battery plate market. In order to meet the region's growing demand for dependable energy storage solutions and power a variety of applications, this market serves the rising demand for batteries in industries such as automotive, energy storage, and electronics.

Key Findings of the Study

• The global battery plate market is expected to reach USD 5.53 Billion by 2032, at a CAGR of 35.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to both expanding environmental concerns in nations like China, India, and Singapore and expanded battery output.


• Based on end user, the automotive segment was attributed to holding the largest market in 2022.


• Desay, Microvast, Inc, KIJO BATTERY GROUP, HOPPECKE Industrial Batteries, GNB Industrial Power, Exide Technologies, Hawker Powersource, Inc., EV Battery Solutions, EVERLITE, ElectriPlast Corporation, and Crown Battery.