Global Battery Market, by Product types (Lead Acid, Nickel–Metal Hydride (NI-MH), Lithium Ion (Li-Ion)), by Application (Passenger Cars, LCV, HCV, General Aviation, Piston Engine, Turboprops, Business Jets, Commercial Aviation, Passenger, Cargo, Tanker)

Global Battery Market was valued at US$ 15.90 billion in 2019 and is projected to reach US$ 21.16 billion by 2025, at a CAGR of 4.2% during the forecast period. The battery market is expected to witness significant growth over the next eight years owing to development of automobile and motorcycle industry, energy storage applications. Increasing demand of UPS in industrial sectors such as oil and gas, chemical, and healthcare will propel market demand. Increasing application scope ranging from electric vehicles and energy storage have driven the need for innovation in this industry which has led to the development of advance lead acid batteries. Development of the automotive industry in Indonesia, Mexico, India, Vietnam and Thailand is expected to propel industry size. Growing preference for pollution free hybrid & electric vehicles along with technological developments is expected to drive battery demand over the forecast period.

Lithium-ion batteries are expected to penetrate lead acid battery applications including electric vehicles, plug-in electric vehicles, storage and automobiles thus, gaining a majority market share by 2024. High demand for portable electronics including smart phones, LCD displays, tablets and wearable devices such as fitness bands propel battery market growth. The market is expected to witness significant growth on account of technological advancements in terms of product innovation, enhanced efficiency, and cost-effectiveness.

Asia Pacific will witness significant gains on account of growing UPS sector as a result of rapid development of the data centers and IT sector. China is expected to witness high gains in light of energy storage technologies and favourable government support to promote investments in manufacturing sectors.

Deep analysis about Global Battery market status (2016-2019), competition pattern, advantages and disadvantages of products, industry development trends (2019-2025), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included. From raw materials to downstream buyers of this industry have been analysed scientifically. This report will help you to establish comprehensive overview of the Battery Market

Report Link
For more details on “Battery” Market Report: https://i2iresearch.com/report/global-battery-market-2020-market-size-share-growth-trends-forecast-2025/

What this report Offers
This report covers an in-depth analysis of the Battery market including statistical and qualitative data points with emphasis on the market dynamics including the drivers, opportunities & restraints.

There is a coverage of market dynamics at country level in the respective regional segments. The report comprises competitive analysis with focus on key players and participants of Battery market covering in-depth data related to competitive landscape, positioning, company profiles, key strategies adopted and product-profiling with focus on market growth and potential.

To avail a copy of the sample of the Battery Market Report: https://i2iresearch.com/download-sample/?id=6469

Key Segmentations in this report
Global Battery Market, by Players
• Johnson Controls
• EXIDE Technologies
• GS Yuasa
• Robert Bosch GmbH
• Saft Groupe SA
• Delphi
• Automotive LLP
• LG Chem
• Panasonic Corporation

Global Battery Market, by Product Types
• Lead Acid
• Nickel–Metal Hydride (NI-MH)
• Lithium Ion (Li-Ion)

Global Battery Market, by Application
• Passenger Cars
• LCV
• HCV
• General Aviation
• Piston Engine
• Turboprops
• Business Jets
• Commercial Aviation
• Passenger
• Cargo
• Tanker

For a detailed table of content of the Battery Market Report: https://i2iresearch.com/report/global-battery-market-2020-market-size-share-growth-trends-forecast-2025/

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