A new report published by Transparency Market Research anticipates that the rise in demand for fuel-efficient vehicles and increase in investment from OEMs in battery production will expand the global automotive battery plate market during 2018-2026.

Based on vehicle, the global automotive battery plate market can be segregated into passenger vehicle, commercial vehicle, and electric vehicle. Passenger vehicle currently dominates the market owing to the higher production of passenger vehicles across the globe. Modern passenger vehicles are equipped with the latest features and hence, requirement for batteries are always higher for passenger vehicles. Electric vehicle sub segment is expected as an emerging sub segment during the forecast period owing to major electric vehicle manufacturers employing lithium ion batteries due to the advantages these batteries offer such as high energy density, compact size, and high storage capacity.
In terms of region, the global automotive battery plate market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to dominate the automotive battery plate market during the forecast period. The market in Asia Pacific is expected to expand during the forecast period due to a large automotive industry, high production of passenger vehicles and increase in per capita income in the region.
Key players operating in the global automotive battery plate market include Amtek Batteries, V.B. Corporation, Spark Battery Industries, Inzen Power Pty Ltd, and ZEN BATTERIES.
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