Battery Market 2018 Global Leaders Analysis: 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),

Market Synopsis:-

According to a new report by Market Research Future (MRFR), the global market for battery is expected to show a 4 % CAGR over the forecast period. Battery provides electric energy to automobiles for ignition, starting and lighting. Batteries are majorly used in uninterruptible power supplies (UPS), portable electronic equipment, and automotive. The global market for battery has witnessed remarkable growth over the past few years and is anticipated to maintain the growth status over the forecast period.

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Competition Analysis:-

The prominent players driving the global market for battery 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.

Industry Developments:-

In January 2018, Contemporary Amperex Technology Co Ltd (CATL) has announced for USD 2 billion IPO in Shenzhen, to construct two battery plants which will include a giant 24 GWh facility which will help to massively boost the output.

On 31st August 2016, Douglas Battery introduced a new line of LegaC2™ high-frequency modular chargers. These new line chargers featured industry’s most efficient, most compact, and most versatile designs, available as wall-mounted or a free-standing design.

MAjor Points Table Of Contents:-

1 Executive Summary

2 Research Methodology

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

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4 Global Battery Market, By Battery Type

4.1 Introduction

4.2 Lead Acid

4.3 Lithium Ion

4.4 Nickel Metal Hydride

4.5 Nickel Cadmium

Continued....

Regional Analysis:-

Asia Pacific to Continue its Dominance:-

Owing to the rising demand for industrialization and automobiles, Asia Pacific is witnessed to dominate the global battery market, followed by North America and Europe. Developing countries in Asia Pacific like India and China are anticipated to hold the largest market share due to rising production of automotive. Increasing number of electric vehicles and demand from consumer electronics segment in Japan and China are driving the market growth.

North America will show a steady growth rate during the forecasted period due to the increased production of technologically advanced vehicles and eco-friendly initiatives.

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