Automotive Battery Market to witness lucrative growth at a CAGR of 8.5% over the forecast period | Panasonic Corporation, Samsung SDI Co. Ltd., Johnson Controls International PLC, Kokam Co. Ltd., Toshiba Corporation, LG Chem Power Inc.

The Global Automotive Battery Market is projected to reach USD 115.55 Billion by 2028 at a CAGR of 8.5% during the forecast period. The market for automotive battery market has been segmented in major regions to understand the global development and demand patterns of this market.
This comprehensive market analysis explores market growth potential for automotive battery market that can help stakeholders understand key developments and expectations in the market for automotive battery market defining opportunities for growth and competitive scenarios. The study also draws on data from multiple primary and secondary sources, and will be analyzed using different methods. It helps gain insight into the growth potential of the market which can enable investors to recognize scope and opportunities. The analysis also gives details of the individual segments in the global automotive battery market.

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According to the report, transportation application is projected to witness lucrative growth on account of the expansion of automotive, aerospace, and shipbuilding sectors. Fabricators in aerospace, automotive, wind energy, marine, and other industrial sectors are likely to shift to bonding products within the future. Moreover, the utilization of those products in industrial applications is additionally beneficial within the reduction of cost and fast cycle time.
What is an automotive battery?
An automotive battery is an electrochemical device that produces voltage and delivers electric current. The primary functions of automotive battery includes operating the starter motor, providing current for the ignition system during cranking, supplying power for the lighting systems and electrical accessories when the engine is not operating, to act as a voltage stabilizer for the entire electrical system and to provide current when the electrical demand of the vehicle exceeds the output of the charging system.

Some of the key Impact Factors:
• Increasing demand for automobiles
• Government initiatives for hybrid and electric vehicles

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This report provides:
1) A summary of the global automotive battery market and associated technologies.
2) Analysis of global industry dynamics, monthly projections and annual compound growth rate predictions (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for global automotive battery market .
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.
6) Analysis of game-changing technological trends and how these will shape the industry
7) Explanation or political, regulatory and technical factors to consider
8) Barriers to entry analysis for markets around the world
9) Profiles of leading companies operating within the sector with market share analysis

The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.

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With an emphasis on strategies there have been several primary developments done by major companies such as Panasonic Corporation, Samsung SDI Co. Ltd., Johnson Controls International PLC, Kokam Co. Ltd., Toshiba Corporation, LG Chem Power Inc., Sanyo Electric Co. Ltd, A123 Systems, LLC, BYD Co., Ltd., East Penn Manufacturing Company, EnerSys, Exide Technologies

Market Segmentation:

By Battery Type:
• Lead Acid
• Nickel Metal Hydride
• Lithium Ion
• Others

By Battery Technology:
• SLI
• AGM
• Deep Cycle
• Wet Cell
• Others

By Vehicle Type:
• Passenger
• Commercial
• Electric
• Others

By Region:

North America
o By Country (US, Canada, Mexico)
o By Battery Type
o By Battery Technology
o By Vehicle Type

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
o By Battery Type
o By Battery Technology
o By Vehicle Type

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Battery Type
o By Battery Technology
o By Vehicle Type

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Battery Type
o By Battery Technology
o By Vehicle Type

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Battery Type
o By Battery Technology
o By Vehicle Type

Rest of the World
o By Region (South America, Africa)
o By Battery Type
o By Battery Technology
o By Vehicle Type

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