Sunday, 24 September 2023 06:00 GMT

Wood-Based Batteries Market To Reach US$ 43.6 Mn By End Of 2031, TMR Study

(MENAFN- GlobeNewsWire - Nasdaq)

Wilmington, Delaware, United States, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The wood-based batteries market is likely to register a CAGR of 16.4% between 2022 and 2031. Wooden batteries are good for the environment as they use a wood-based anode instead of graphite. Wood fibers can retain liquid electrolytes, acting as both the battery's active components and base. A wood-based battery's energy storage capacity is predicted to be higher than a lithium-ion battery. Additionally, as wood-based batteries are environment-friendly, they are expected to attract significant traction during the forecast period.

A fully charged wood battery charges faster than a carbon-black battery produced using fossil fuels. Organic batteries outperform standard capacitors while performing equally well as rechargeable batteries. Wood-based batteries are eco-friendly and possess a 5 kW/kg power density. These batteries' electrodes are made from wood-based materials.

Download a FREE sample copy of the report (please prefer the corporate mail ID to get the highest priority) -

According to TMR report, the global wood-based batteries market was valued at US$ 17.2 Mn in 2022 and is estimated to reach US$ 43.6 Mn by the end of 2031. Rise in e-mobility adoption and increase in focus on lowering carbon dioxide emissions are expected to boost the wood-based batteries market size during the forecast period. Researchers are developing new, renewable batteries that use alternate solution charge carriers due to limited graphite and lithium resources. This market is anticipated to hold significant business opportunities during the forecast period due to the abundance of raw materials for the production of wood-based batteries and additional benefits such as low cost and fast charging.

Key Findings of Study

  • I ncrease in Adoption of E-mobility: Carbon made from lignin can be used to provide power to car systems and generate electricity for a variety of uses. Ground operations have changed as a result of e-mobility. The increased focus on attaining zero emissions has contributed to the widespread adoption of e-mobility. Thus, the increasing adoption of e-mobility is estimated to aid in market development for wood-based batteries during the forecast period.
  • Rise in Need for Lowering Carbon Emissions : Governments of multiple nations have imposed multiple waste and pollution-related regulations. Most of the batteries used today consist of graphite in high quantities, and graphite is confirmed to release harmful chemicals and air pollutants at the time of mining and processing. This in turn can result in environmental pollution, thereby raising concerns and propelling the need for sustainable development goals to be followed by various end-user industries. These factors are likely to increase the market size for wood-based batteries in the long run.

Buy this Premium Research Report -

Key Drivers

  • Rise in adoption of rechargeable wood-based batteries is expected to boost the global wood-based batteries market during the forecast period
  • Increase in expansion of the transportation and automotive sectors is anticipated to increase market size
  • Growth in inclination toward achieving zero emissions is projected to promote the adoption of e-mobility solutions, thereby serving as a significant market trend for wood-based batteries industries.

Regional Growth Dynamics

  • Asia Pacific is projected to earn the largest market share and account for an estimated 35.4% share based on volume
  • Rise in adoption of electric vehicles (EVs) is anticipated to promote market growth for wood-based batteries during the forecast period

Request for Customization -

Key Players

Two notable players of the global wood-based batteries market include Stora Enso and Northvolt AB.

Wood-based Batteries Market Segmentation


  • Rechargeable
  • Non-rechargeable


  • Up to 10 Ah
  • 10 Ah-50 Ah
  • 50 Ah-100 Ah
  • 100 Ah


  • Laptops
  • Cell Phones
  • Hybrid and Electric Vehicles
  • Energy Storage Systems
  • Battery-operated Power Tools
  • Drones and Robotics
  • Power Electronic Devices
  • Electric Grids
  • Cardiac Pacemakers
  • Drug Pumps
  • Others


  • Automotive
  • Defense
  • Medical
  • Power
  • Consumer Electronics
  • Others


  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services . The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel -

Contact Us

Nikhil Sawlani
Transparency Market Research Inc.
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453

Tags wood-based batteries energy storage systems electric grids wood-based batteries market wood-based batteries industry Related Links

  • potassium-ion battery market
  • mobile energy storage systems market
  • aluminum-ion battery market
  • breathing battery market
  • forklift battery market
  • alternate marine power market
  • lead-acid battery scrap market
  • second-life ev battery market
  • stationary fuel cell market
  • energy management market in agriculture industry
  • district cooling market
  • building-integrated photovoltaics market
  • marine mining market
  • floating solar panels market
  • generator (up to 20 kva) market
  • sulfur market for mining application
  • propane market
  • power management services market
  • rooftop solar pv market
  • silicon transformer oil market


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.