Battery Technology Market Potential Growth, Industry Outlook with Competitive Landscape by 2027

Allied Market Research published a new report, titled, "Battery Technology Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Global battery technology market includes primary batteries used in electronic keys, watches, remote controls, toys etc. and secondary batteries used in automotives & aviation and portable & stationery batteries. The global advanced energy storage system market is expected to attain market revenue of $10.8 billion by 2018 at a CAGR of 10% between 2013 and 2018.

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The battery technology market is a key constituent of the advanced energy storage system market; therefore, the market is expected to have a sustainable growth rate. It is estimated that there would be 40% increase in demand for electricity between 2010 and 2040. The ever increasing demand for electricity is one of the prime drivers for the market as power can be efficiently stored in the batteries.

However, some legislation such as the EU Batteries Directive limits the use of some substances such as mercury, lead and cadmium as these substances are not environmentally friendly. This is a major restraint for the market growth as manufacturers have limited resources to explore and produce new and better batteries. Manufacturers are trying to overcome this challenge by engaging in research and development to use other substances for batteries.

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Some of the companies profiled in this report are Hitachi Maxell Corp., Exide Corp., American Battery Charging Inc., Honda Inc., China Bak Battery, Inc., Sony Corp., Fujitsu Ltd, General Electric Co., Google Inc., and Honeywell Batteries.

Key offerings of the report:

o Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
o Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
o Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
o Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
o Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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