The industrial market for batteries in Latin America was forecast to grow at a compound annual rate of over seven percent between 2024 and 2031. Brazil dominated the LATAM market in 2023 and ranked fourth in theĀ global market of batteries for industrial applications.
More information on the global industrial battery market can be foundĀ here.
Market value of batteries for industrial applications in Latin America from 2021 to 2023, with a forecast until 2031, by leading country
(in million U.S. dollars)
Characteristic
Brazil
Argentina
Rest of Latin America
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Extrapolate. (February 9, 2024). Market value of batteries for industrial applications in Latin America from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1451398/industrial-battery-market-value-forecast-latin-america-by-country/
Extrapolate. "Market value of batteries for industrial applications in Latin America from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars)." Chart. February 9, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1451398/industrial-battery-market-value-forecast-latin-america-by-country/
Extrapolate. (2024). Market value of batteries for industrial applications in Latin America from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1451398/industrial-battery-market-value-forecast-latin-america-by-country/
Extrapolate. "Market Value of Batteries for Industrial Applications in Latin America from 2021 to 2023, with a Forecast until 2031, by Leading Country (in Million U.S. Dollars)." Statista, Statista Inc., 9 Feb 2024, https://www.statista.com/statistics/1451398/industrial-battery-market-value-forecast-latin-america-by-country/
Extrapolate, Market value of batteries for industrial applications in Latin America from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars) Statista, https://www.statista.com/statistics/1451398/industrial-battery-market-value-forecast-latin-america-by-country/ (last visited July 22, 2024)
Market value of batteries for industrial applications in Latin America from 2021 to 2023, with a forecast until 2031, by leading country (in million U.S. dollars) [Graph], Extrapolate, February 9, 2024. [Online]. Available: https://www.statista.com/statistics/1451398/industrial-battery-market-value-forecast-latin-america-by-country/