Global
Battery Market Scenario:
According to Market Research Future
(MRFR)’s analysis, the global battery market is poised to thrive at a steady
CAGR of 4% during the forecast period. The advancements introduced in the
battery industry is anticipated to lead the expansion of the market over the
next couple of years.
Rise in demand for
electronic devices such as smartphones and tablets as well as government
regulations to reduce the pollution are some of the major factor which drives
the demand for the growth of battery market. Additionally, increasing demand
for electric vehicles also pushing the battery market towards growth. Automotive
batteries are rechargeable batteries that supply electric energy to
automobiles. With the continuous rise in production and sales of automobiles,
the global automotive battery market has been witnessing increase in sales.
Furthermore, constant increase in the demand for electricity and depletion of
fossil fuels have encouraged countries across the globe to focus more on the
generation of electricity through renewable energy sources.
Segmentation
The market has
analyzed the market based on battery types, applications and end-uses in the
regions of North America, Europe, APAC and rest of the world. On the basis of battery
types it includes lead acid, lithium ion, nickel metal hydride and nickel cadmium.
Lithium ion is one of the largest segments by battery type. Lithium-ion battery
is a kind of rechargeable battery, which is used in various industries and comes
with a great life cycle with the high energy density. On the basis of applications
it includes portable, automotive and industrial. Automotive segment holds the largest
segment. Automobile segment is witnessing continuous expansion, especially in
developing economies and, thus impacting the battery market positively. The new
fuel-saving technologies such as micro hybrid systems are also leading to
higher battery usage.
Key Players
The leading
players in the battery market are Exide Technologies (U.S.), Douglas Battery
(U.S.), Penn Manufacturing Company, Inc.(U.S.), Johnson Controls Inc(U.S.), The
Furukawa Battery Co. ltd (Japan), Zhejiang Haijiu Battery Co. Ltd (China),
Chaowei Power Holding ltd (China), CamelGroup (Italy) and Fengfan Co.
Ltd.(China)
Scope
of the Report
This research
report has provides the insights, on various levels of analyses such industry
analysis, market share analysis leading market players and their profiles. This
report also helps in studying the target segments by providing views on
emerging & high-growth segments and market conclusion. Together the market
data comprise and discuss with the basic assessments on the competitive
scenarios & strategies, of the global Waterstop Market, including the
high-growth regions, countries and their political, economic and technological
environments. Furthermore the project report also provides the views over the
historical market values as well as, pricing and cost analysis of the same.
About
Market Research Future:
At Market Research Future (MRFR),
we enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
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