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. A detailed
analysis report of COVID-19
impact on Battery Market Share is provided with the report.
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.
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