3 Battery Stocks to Buy and Hold for the Next Decade: Honeywell, EnerSys, and Joby Aviation

The global battery market is projected to reach $329.84 billion by 2030 with a 16.4% CAGR from 2025-2030. Companies like Honeywell International, EnerSys, and Joby are well-positioned to benefit from the growing demand for battery technology, with Honeywell spinning off its advanced materials business and EnerSys expanding its product portfolio to include next-generation technologies. These companies have the potential to deliver significant returns for investors looking to profit from the long-term opportunity in the battery sector.

The global battery market is poised for significant growth, with projections indicating a valuation of $329.84 billion by 2030, representing a compound annual growth rate (CAGR) of 16.4% from 2025 to 2030 [1]. This growth is driven by increasing demand for battery technology across various sectors, including electric vehicles (EVs), data centers, and aerospace.

Honeywell International Inc. (NASDAQ: HON) is a key player in this market. The company's advanced materials spin-off, which includes battery solutions, is expected to generate revenue between $3.7 billion and $3.9 billion in the current fiscal year, with an EBITDA margin greater than 25% [1]. Honeywell's customer base includes major names in aerospace and defense, positioning it to benefit from the growing need for electrification and longer-lasting power sources in these sectors.

EnerSys Inc. (NYSE: ENS) is another company well-positioned to capitalize on the battery market's growth. The company provides exposure to the buildout of artificial intelligence (AI) infrastructure, which is expected to have a strong growth outlook. EnerSys has been expanding its product portfolio to include next-generation technologies aimed at improving energy density, charging speed, and environmental sustainability [1]. The company's stock has shown resilience, with a 3.8% increase in 2025 and a consensus price target of $118.33 [1].

Joby Aviation Inc. (NYSE: JOBY) rounds out this list of battery stocks to buy and hold. Although Joby is not a battery maker, it is expected to be a significant consumer of battery technology as it manufactures electric vertical take-off and landing vehicles (eVTOLs). The company recently acquired the passenger mobility business of Blade Mobility Inc. (NASDAQ: BLDE), which could accelerate its development [1]. Despite facing challenges, Joby's long-term potential makes it an attractive investment for those willing to hold onto the stock.

These companies offer investors a chance to profit from the long-term opportunity in the battery sector. As the market continues to grow, companies like Honeywell, EnerSys, and Joby are well-positioned to benefit from the increasing demand for battery technology.

References:
[1] https://www.marketbeat.com/stock-ideas/3-battery-stocks-to-buy-and-hold-for-the-rest-of-the-decade/