Market Scenario
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 initiatives to replace fuel vehicle over battery
vehicles, are some of the major factors, which are driving the global
market.
However,
both safety issues related to battery usage and the cost involved may
hamper the growth of global battery market. The Global battery market is
expected to grow by a CAGR of 4% during the forecast period.
Study Objectives of Battery Market:
- To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global battery market
- To provide insights about factors affecting the market growth
- To analyze the global battery market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
- To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by battery type and application
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, merger and acquisitions, new product developments, and research and developments in the global Battery market
Regional Analysis of Battery Market
Asia-Pacific
is dominating the market of battery due to the rising demand for
automobiles and industrialization. The developing countries in
Asia-Pacific such as China and India are expected to hold the largest
market share of the battery market due to rising automotive production
activities. Rising demand from consumer electronics segment and
increasing number of electric vehicles in China and Japan are driving
the market towards growth.
North
America region is also vital in the growth of global battery market,
due to the rising eco-friendly initiatives & production of
technologically advanced vehicles. This region will grow at a good pace
during the forecast period.
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)
Target Audience
- Organizations
- Manufacturer
- Research Institute / Education Institute
- Potential Investors
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