Posted on Leave a comment

Battery Market Global Professional Survey and In-depth Analysis Research Report Forecast to 2023

“Global Batteries Market is expected to grow at a CAGR of about 4%”

Global Battery Market Information by Battery Type (Lead acid, Lithium ion, Nickel metal hydride and Nickel cadmium), by Application (Portable, Automotive, Industrial) and Region – Forecast to 2023

Market Highlights

Batteries provide the electric energy to automobiles for starting, lighting and ignition. The rising demand of hybrid, semi-hybrid and fully electric vehicles will drive the global battery market. Also, the adoption rate of these batteries in passenger vehicle is increasing, which will drive this market. Recent innovations, which provide for high-efficiency and longer power back-up in smartphones/ tablets and PCs enable this technology to reach a wider range of audiences. Emerging technologies such as flexible batteries and aluminum-ion batteries, are expected to increase the competition. The high purchase price creates a major limitation for the consumers to adopt lithium battery into their devices or systems. Safety issues related to battery usage may hamper the growth of global battery market, which otherwise has been projected to grow at 4% in the next five years. Global Batteries Market is expected to grow at a CAGR of about 4% during the forecast period, 2017 to 2023

 

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)
  • Fengfan Co. Ltd.(China)

 

Request a Sample Copy @ https://www.marketresearchfuture.com/sample_request/2930

 

Market Research Future Analysis:

There are many elements that hold the growth of global battery market. Contribution to the global industrial scenario is estimated to increase significantly in the forecast period. Asia-Pacific is dominating the battery market due to factors such as growing demand from automobile and industrial sectors. Moreover, steady growth in domestic production and exports of automobiles coupled with expanding vehicle fleet is projected to drive demand for batteries. Additionally, rising penetration of two-wheelers in semi urban and rural India is projected to surge replacement demand for two-wheeler batteries during the forecast period.

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.

 

Lithium ion held the major share within the Batteries Market

Lithium-ion batteries offer high storage capacity, better efficiency and longer life than other batteries. The demand for these batteries is increasing in various applications such as consumer electronics products and automotive application. The rising demand for electronic devices and the stringent government regulations to control pollution level, are expected to drive the -ion battery market during the forecast period

 

For further information on this report, visit @ https://www.marketresearchfuture.com/reports/battery-market-2930

 

Table of Content

1    Executive Summary
2        Research Methodology

2.1   Scope Of The Study
2.1.1     Definition
2.1.2     Research Objective
2.1.3     Assumptions
2.1.4     Limitations
2.2   Research Process
2.2.1     Primary Research
2.2.2     Secondary Research
2.3   Market Size Estimation
2.4   Forecast Model
3    Market Dynamics
3.1   Market Drivers
3.2   Market Inhibitors
3.3   Supply/Value Chain Analysis 
3.4   Porter’s Five Forces Analysis
4    Global Battery Market, By Battery Type
4.1   Introduction
4.2   Lead Acid
4.3   Lithium Ion
4.4   Nickel Metal Hydride
4.5   Nickel Cadmium
5    Global Battery Market, By Application

Continue………….

 

About US

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.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Akash Anand
Email: akash.anand@marketresearchfuture.com
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune –
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/battery-market-2930