Battery market is estimated to grow with CAGR of 4.15% from 2016 to 2021 to reach a market size of USD 17.26 billion by 2021
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Asia-Oceania region is estimated to dominate the battery market, in terms of volume, and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the progress in the socio-economic conditions by the emerging countries such as China, India, Indonesia, and Thailand.
Large population in countries such as China and India has resulted in increased number of automobiles and two wheelers and which has driven the demand for batteries. Inquire For Complete Report Copy of Global Battery Market by Transport and Transport Mode (Two Wheeler, Automotive, Marine & Aerospace), Automotive Battery by Type (Lead Acid, Lithium Ion & Nickel Metal Hydride) & by Geography - Industry Trends & Forecast to 2021 www.rnrmarketresearch.com/contacts…ying?rname=244036
Growing integration of electronics, growing demand for transportation, fuel savings and government incentives for cleaner transportation changes are the major driving forces behind the growing demand for batteries.
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Lead acid batteries are used in the automobile sector and the market for lead-acid batteries in automotive segment is estimated to be the largest. Lead acid batteries are used in all passenger vehicles for SLI function and these batteries are wet charged and have secondary cells, which are capable of multiple charges and discharges.
Automotive lead acid batteries have also gone major developments to accommodate increasing electrical requirements of modern automobiles and increasing need for efficiency
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Target Audience Include Battery Market Report:
- Battery manufacturers
- Battery component suppliers and distributors
- Electric vehicle manufacturers
- Hybrid electric vehicle manufacturers
- Automotive manufacturers
- Airplane manufacturers
Get “Battery Market” spread across 177 pages, profiling 15 companies and supported with 123 tables and 62 figures is now available at www.rnrmarketresearch.com/contacts…ount?rname=244036
Top 15 Companies Analyzed for Battery Market are – Johnson Controls Inc. (U.S.), Exide Technologies (U.S.), GS Yuasa (Japan), Panasonic Corporation (Japan) and Robert Bosch GmbH (Germany), among others
Fundamental Key Point from Table of Content:
Automotive Battery Market, By Type
Nickel–Metal Hydride (NI-MH)
Lithium Ion (LI-Ion)
Global Aerospace Battery Market, By Application
Market By Application
The Middle East & Africa
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Marine Battery Market
Global Battery Market By Marine Segment
Asia – Oceania
Rest of the World
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