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.
The growing demand for electric cars supported by the governments for reducing carbon footprint is driving the proliferation of the battery market. An upsurge in demand has been expected from the booming automotive sector which is projected to benefit the expansion of the market over the assessment period.
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The rising consumption of smartphones is also prognosticated to have a favourable impact on the growth of the battery market. The changing consumer behaviour pattern of the consumers is promoting product development and innovation in the market. This, in turn, is expected to influence the expansion of the battery market positively in the foreseeable future.
- 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),
- Camel Group (Italy) and
- Fengfan Co. Ltd.(China)
Battery Market Segmentation:
the global battery market has been segmented by battery type, application and region.
By battery type, the global battery market has been segmented into lead acid, lithium ion, nickel metal hydride, and nickel cadmium.
By application, the global battery market has been segmented into portable, automotive, and industrial.
Based on region, the global battery market cover growth opportunities and latest trends across North America, Europe, Asia Pacific and the Rest of the World.
The global battery market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Asia Pacific is expected to dominate the global market through the forecast period. The rapid industrialization and urbanization are fostering growth in the regional battery market. A rise witnessed in the purchasing power of the population coupled with an elevated standard of living has led to the expansion of the end-user industries of batteries.
The growing demand for automobiles is the key factor responsible for driving the expansion of the battery market in the region. The booming economy of China trailed by Japan are likely to contribute significantly towards the proliferation of the market over the next couple of years.
North America is a vital revenue pocket expected to exhibit substantial growth over the review period. The growth is primarily attributable to the rising demand for electric and hybrid automobiles in the region.
- Research Institute / Education Institute
- Potential Investors
Industry Related News:
In January 2019, Apple, an American multinational technology company, has announced the introduction of its USD 129 smart battery pack cases designed for its iPhone mobiles.
In January 2019, the U.S. officials have announced the establishment of battery recycling research and development (R&D) center aimed at reducing its reliance on foreign nations for the supply of minerals such as cobalt and lithium.
In February 2019, Slovakian utility, ZSE, has announced the launch of virtual battery designed for residential PV.
In February 2019, Okinawa, an automobile manufacturer, has announced the re-launch of Praise scooter with the lithium-ion battery.
In February 2019, Energizer-branded phones, manufactured by Avenir Telecom, has announced the launch of its new mobile phone with a battery power of 18000 mAh at Mobile World Congress (MWC) 2019.
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Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.2 Research Objective
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
4.2 Lead Acid
4.3 Lithium Ion
4.4 Nickel Metal Hydride
4.5 Nickel Cadmium
List Of Figures
Figure 1 Research Methodology
Figure 2 Global Battery Market: By Battery Type (%)
Figure 3 Global Battery Market: By Application (%)
Figure 4 Global Battery Market: By Region
Figure 5 North America Battery Market, By Battery Type (%)
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