Battery is a device consists of two or more electrochemical cells with external supply provided to power electrical devices. Emerging technologies in Automotive and industrial sectors due to usage of these in telecom, power, railways and Other industrial applications are the key drivers for market growth.
The report " South America Next Generation Advanced Battery Market ": By Category (Primary batteries and Secondary batteries); By Type (primary carbon zinc, starter battery, alkaline battery & Others) & By Geography - Forecast (2018-2024).
Increasing disposable income of consumers technological development, development for the new application for and decreasing prices for raw materials for latest battery products further aided the South America battery market.
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Electric powered vehicle is an emerging trend from past few years
Increasing demands from hybrid vehicles and electric vehicles making automotive a largest application. Industrial applications include material handling equipment and forklifts, Ups, emerging lighting, medical and control and switch gear.
Increasing population of above mentioned applications lead to battery growth in this region.
Key players in the market include:
- BYD (China)
- Exide Technologies (US)
- Johnson Controls (US)
- LG Chem (South Korea)
- Samsung SDI (South Korea)
This report has the in-depth analysis on the market and the estimations are done using volume and value data are further confirmed on three approaches including bottom-up, top-down and from top companies’ revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
Key pointers in the report include:
- Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to understand the market dynamics and key companies’ position during the next five years.
- Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
- Industry value chain analysis is provided in the report to find the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
- Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
- A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players running in the market is included in the report.
- Advanced customizations on countries, specific applications in end user industries, product-based customizations will be given based on the request. All the collected data is further confirmed and verified using surveys, interviews and interactions with industrial experts.
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