Battery Market Dynamics, Segments And Supply Demand -2023


Posted January 30, 2019 by TejasAmale

The Global battery market is expected to grow by a CAGR of 4% during the forecast period.

 
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.

Competition Analysis

The prominent players driving the Global Battery Market are Douglas Battery (U.S.), Johnson Controls Inc (U.S.), The Furukawa Battery Co. Ltd (Japan), Penn Manufacturing Company Inc.(U.S.), Exide Technologies (U.S.), and many more.

Douglas Battery held their latest Douglas U class in Dallas, TX, which was organized by the local representative group, Southland Battery. The class consisted of one sales coordinator and 12 technicians from all over the country. After two days of hands-on training, the class left with a better understanding of charger serving and battery.

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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)
Fengfan Co. Ltd.(China)

Global Battery Market: Segmental Analysis

The Global Battery Market has been segmented on the basis of Battery Type, Application, and Region.

Battery Type

Lithium ion
Lead acid
Nickel cadmium
Nickel metal hydride

Application

Automotive
Portable
Industrial

Regional Insights

Asia Pacific
North America
Europe
Rest-of-the-World

Geographic Analysis

Geographical analysis across 15 countries

Company Information

Profiling of 10 key market players
In-depth analysis including SWOT analysis, and strategy information of related to report title
Competitive landscape including emerging trends adopted by major companies

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Target Audience

Organizations
Manufacturer
Research Institute / Education Institute
Potential Investors

Product Analysis

Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

Regulatory Landscape
Pricing Analysis
Macroeconomic Indicators
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Issued By Tejas
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Business Address Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India
Country India
Categories Advertising , Business , Energy
Tags battery , battery market , battery market size
Last Updated January 30, 2019