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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