Battery Market Size, Share, Industry Growth Rate and Future Insights 2023

Global Battery Market Research Report- Forecast to 2023

Battery Market Size, Share, Industry Growth Rate and Future Insights 2023

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Copyright Š 2017 Market Research Future.

Global Battery Market Research Report- Forecast to 2023

1 Summary 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.

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)

2 Market Overview Battery is a device that provides the electric energy to automobiles for starting, lighting and ignition. The global battery market has seen a remarkable growth over the past few years and it has been anticipated that the global market will maintain the growth status during the forecast period. 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 vehicles, is increasing, which will drive this market. Rising consumption of mobiles and laptop, technological innovations, emerging economies and growing disposable income & government

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Copyright Š 2017 Market Research Future.

Global Battery Market Research Report- Forecast to 2023

initiatives to replace fuel vehicle over battery vehicles, are some of the major factors, which are driving the global market.

Target Audience • • • •

Organizations Manufacturer Research Institute / Education Institute Potential Investors

Product Analysis Product matrix which gives a detailed comparison of the market for different recycled product types Additional Information •

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Regulatory Landscape Pricing Analysis Macroeconomic Indicators

3 Market Research 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..

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Copyright © 2017 Market Research Future.

Global Battery Market Research Report- Forecast to 2023

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Copyright Š 2017 Market Research Future.

Global Battery Market Research Report- Forecast to 2023

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Copyright Š 2017 Market Research Future.