Asia-Pacific Battery Market Set to Reach 133.60 Billion by 2030

According to Next Move Strategy Consulting, Asia-Pacific Battery Market is predicted to reach USD 133.60 billion with a CAGR of 14.7% till 2030. 

Asia Pacific comprises countries such as China, Japan, India, Australia, South Korea, Thailand, and Singapore. This can be attributed to factors such as high sales of consumer electronics, including smartphones, laptops, and cameras, in China, Japan, and India owing to large population in these countries. 

The improper management of batteries poses significant risks to both human well-being and the environment. A prevailing issue involves the incorrect disposal of used or depleted batteries, leading to their accumulation in landfills. Over time, these batteries degrade, releasing harmful substances that permeate the soil.

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