Press release
Business Opportunities on Automotive Battery Market by Industry Size, Country Share, Development, Growth and Demand Forecast to 2024
An electric vehicle battery or traction battery is a battery used to power the propulsion of battery electric vehicles. Vehicle batteries are usually secondary or rechargeable batteries. The application of traction batteries are in the sectors including electric transportation vehicles, electric commercial and private vehicles, and electric goods carrier vehicles. Batteries used in automobiles are generally SLI batteries i.e. starting, lighting, and ignition. These batteries are designed to provide power for a limited time period and not used to run the vehicle. Deep cycle batteries are used instead of SLI batteries for hybrid vehicle applications.
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/automotive-battery-market/report-sample
The application of batteries in the vehicles is altering the business landscape, at technology, supplier, and regional level. This will have major implications not only for large battery corporations, but also for all those involved in the battery production value chain.
The decreasing crude oil reserves and environmental impact of the conventional vehicles are the major factors driving the growth of the automotive battery market. With the decreasing crude reserves, the demand for economical transportation technologies has attracted investment in this market. The government of major countries have encouraged adoption of hybrid vehicles that utilize the electric battery. The stringent environmental regulations in the European Union have encouraged the use of battery run vehicles. These factors are expected to create growth opportunities for the automotive battery market.
Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/automotive-battery-market
Global Automotive Battery Market Segmentation
By Application
• Passenger car
• Commercial vehicles
• Hybrid and electric vehicles
• Two-wheelers
By Type
• Lithium ion (Li-ion)
• Nickel–metal hydride (Ni-MH)
• Nickel–cadmium (Ni-Cd)
• Gasoline
• Lead-acid
Battery is a major factor that determines the cost and range of the battery driven automotive vehicle. Due to the high cost of the batteries, the overall cost of the vehicle is also high and it acts as a hindrance for electric vehicle market but only the initial purchase cost is high, as the vehicles uses electricity to give them power and the cost required to operate an electric vehicle is considerably much lower than that of the liquid fuel to generate an equivalent amount of energy.
Make Enquiry Before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=automotive-battery-market
Some of the major automotive battery manufacturers include Kokam, BYD, Toshiba, LG Chem Power, Sanyo, Li-tec Battery GmbH, Johnson Controls, among others.
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Business Opportunities on Automotive Battery Market by Industry Size, Country Share, Development, Growth and Demand Forecast to 2024 here
News-ID: 1590376 • Views: …
More Releases from P&S Intelligence
U.S. ESG Investments Market Set to Skyrocket: $16 Trillion by 2032
According to the latest market research study published by P&S Intelligence, the U.S. Environmental, Social, and Governance (ESG) investments market is experiencing a significant surge, with projections indicating an increase from $6.5 trillion in 2024 to an estimated $16.0 trillion by 2032. This represents a robust compound annual growth rate (CAGR) of 12.1% over the forecast period.
According to a comprehensive analysis by P&S Intelligence, the market's expansion is driven…
Facility Management in the U.K. Booms with 14.1% CAGR as Demand Soars Across Sec …
According to the latest market research study published by P&S Intelligence, the U.K. facility management market is poised for significant growth, with projected revenues reaching USD 2,743.3 million in 2024 and expected to soar to USD 6,038.4 million by 2030, reflecting a robust CAGR of 14.1% during the forecast period.
This expansion is fueled by a surge in demand across both public and private sectors. According to the RICS U.K.…
Point-of-Sale Software Market in the U.S. Set to Grow by 9.7% CAGR, Boosted by O …
According to the latest market research study published by P&S Intelligence, the U.S. point-of-sale (POS) software market, valued at USD 4.7 billion in 2024, is poised for significant growth over the coming years, with projections estimating it will reach USD 9.8 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.7%. This growth is attributed to rapid technological advancements, a surge in mobile and cloud-based POS systems,…
Competitive Landscape of the Industrial Starches Market: Key Players, Trends, an …
According to the latest market research study published by P&S Intelligence, the global industrial starches market is poised for significant growth, with a projected increase from USD 110.3 billion in 2024 to USD 169.9 billion by 2030, at a robust compound annual growth rate (CAGR) of 7.5%. Industrial starches play a crucial role in diverse sectors, including food, pharmaceuticals, and paper, driven by their unique properties such as stabilizing, thickening,…
More Releases for Battery
Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)…
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of…
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market
The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from…
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market
The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this…
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors.
The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation…
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017
A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery…
