Batteries Market Booming Trends, Key Companies Panasonic, Johnson Controls, EXIDE Technologies, Delphi Automotive LLP, Robert Bosch GmbH
The Global Batteries Market is garnering substantial traction continually. The market growth attributes to the rising demand for hybrid, semi-hybrid, and fully electric vehicles. Besides, the increasing adoption rate of batteries in passenger vehicles drives the growth of the market. Also, increasing improvements in battery technologies substantiate market growth. Moreover, increasing production and sales of automobiles worldwide escalate the market growth, creating significant market demand.
According to Market Research Future (MRFR), the global the batteries market is estimated to create a substantial revenue pocket by 2022, registering around 4% CAGR during the forecast period (2016-2022). Increasing demand for high power and capacity batteries in vehicles acts as a significant driving force for the growth of the market. The growing integration of smart devices and electronics is another major factor responsible for the growth of the Batteries Market Size globally.
Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/1895
Additionally, increasing penetration batteries in various automotive applications boost market growth. Furthermore, increasing RD investments and significant funding for the development of technology positively impact the growth of the market. On the flip side, safety issues related to battery usage is a key factor projected to hamper the growth of the market. Nevertheless, the penetration of solid-state batteries would support market growth throughout the assessment period.
Players leading the Batteries Market include Douglas Battery, Exide Technologies, East Penn Manufacturing Co., The Furukawa Battery Co. Ltd., Johnson Controls Inc., Zhejiang Haijiu Battery Co. Ltd, Camel Group, Chaowei Power Holding ltd, and Fengfan Co. Ltd., among others.
Global Batteries Market – Segment
The report is segmented into three dynamics;
By Battery Type : Lead-acid, Lithium-ion, Nickel-metal hydride, Nickel-cadmium, and others.
By Application: Two/Three Wheelers, Electric Cars, Heavy Vehicles, and others.
By Region: North America, Europe, APAC, and the Rest-of-the-World.
Global Batteries Market -Regional Analysis
North America dominates the Global Batteries Market. The largest market share attributes to the increasing adoption and implementation of battery technologies across vehicle applications. Besides, the presence of a large number of automakers and industry players in the region drives the growth of the market. Moreover, substantial investments to incorporate increasing eco-friendly initiatives raising technological advances in vehicles influence regional market growth.
Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/1895
Europe region is another lucrative market for batteries. The market is especially driven by the presence of the well established automotive industry in the region. Moreover, innovation in the type segment is a key growth driver for the growth in this region. Substantial investments by the existing major industry players in R D activities required for product and technology developments fuel the demand in the batteries market. Additionally, the increasing focus of the government towards reducing greenhouse gas emission and the rise in the number of power outages boost the regional market growth.
Asia Pacific also holds a substantial share in the global Batteries Market Share. Factors such as the spurring demand from the automotive sector in the region fuel the sales in the market. Rising technological advancements in battery technologies and the burgeoning automotive industry in the region foster the growth of the market. Furthermore, increased RD activities and the rapid economic growth in the region propel market growth. The APAC batteries market is estimated to grow at a significant pace during the assessment period.
Highly competitive, the Batteries Market Growth appears fragmented due to the presence of several well-established players. Industry players run programs featuring easy lookup on an online application catalog that can be accessed through the world. They strive to offer an extended range of batteries for replacement vehicle applications, from motor mounts to hose assemblies.
To gain a larger competitive share, industry players initiate strategic approaches such as mergers acquisitions, innovation, brand reinforcement, and expansion. Due to the expected innovations and improvements in product, service, and product innovations, the market is soon expected to witness an intensified competition.
Browse complete report @ https://www.marketresearchfuture.com/reports/batteries-market-1895
Table Of Content
1. REPORT PROLOGUE
2.2. SCOPE OF THE STUDY
2.2.1. RESEARCH OBJECTIVE
2.3. MARKET STRUCTURE
2.4. MARKET SEGMENTATION
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
3.5. FORECAST MODEL
4. MARKET DYNAMICS
4.1. DRIVERS & OPPURTUNITIES
4.2. CHALLENGES & RESTRAINTS
4.3. VALUE CHAIN ANALYSIS
4.4. PORTER’S FIVE FORCES ANALYSIS
5. BATTERIES MARKET, BY BATTERY TYPE
5.2. LEAD ACID
5.3. LITHIUM ION
5.4. NICKEL METAL HYDRID
Ask for your specific company profile and country level customization on reports.
Request for Customization @ https://www.marketresearchfuture.com/ask_for_customize/1895
Also Read More From MRFR:
Automotive Transmission Market https://www.marketresearchfuture.com/reports/automotive-transmission-market-2427
Bike Sharing Market https://www.marketresearchfuture.com/reports/bike-sharing-market-10352
Electric Vehicles Charging Stations Market https://www.marketresearchfuture.com/reports/electric-vehicles-charging-stations-market-4647
Acoustic Vehicle Alerting System Market https://www.marketresearchfuture.com/reports/acoustic-vehicle-alerting-systems-market-8161
E-Bike Market https://www.marketresearchfuture.com/reports/e-bike-market-1876
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
Phone: +1 628 258 0071(US)
+44 2035 002 764(UK)
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.
This release was published on openPR.
Permanent link to this press release:
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 Batteries Market Booming Trends, Key Companies Panasonic, Johnson Controls, EXIDE Technologies, Delphi Automotive LLP, Robert Bosch GmbH here
News-ID: 2517503 • Views: 438
More Releases from Market Research Future
Silo Bags Market 2020-2026 | Top Trends and Key Players Analysis Report
Transparency Market Research delivers key insights for the silo bags market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2026. In terms of growth, the global silo bags market is projected to witness growth of 6% by the end of 2026, owing to the benefit of storing grains for a long time, and providing protection against insects. Access Complete Report of Silo Bags
Farm Tractor Market to Grow at a CAGR of 3.88 from 2019 to 2027 | Industry Trend …
A farm tractor is a special designed vehicle with large rear tyres for use in agricultural soil. Farm tractors are powered by either gasoline or diesel. Farmers are under pressure to equip them with advanced automated agricultural technology as the world's population grows, as does the demand for food. As a result, there is a high demand for farm tractors, thereby indicating a high sales growth for the farm tractors
Automotive Antenna Market | Deep Research Study with Forecast to 2027
The global automotive antenna market is anticipated to expand at a CAGR of ~4% during the forecast period, owing to a rise in the demand for connected vehicles and related technology in vehicles across the globe. Advent of connected vehicles and automatic systems has increased the number of automotive antennas used per vehicle. The automotive antenna market is presently focused on several multiple functions, including remote-less entry, navigation, telematics, tire pressure
Pickup Truck Market 2020 - 2030 | Current Insight with Future Aspect Analysis
According to the report, the global pickup truck market is projected to reach US$ 950 Bn by 2030, expanding at a CAGR of ~2% during the forecast period, owing to the increase in affordability for vehicles among consumers and transition of people into middle and upper middle-income groups. The global pickup truck market is mature; however, expansion of small- and medium-scale enterprises coupled with high popularity for pickup trucks in
More Releases for Batteries
AGM batteries compared with lithium-ion batteries, increasing demand for high po …
The global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The growth of this market is expected to be driven by the inherent benefits of AGM batteries such as their maintenance free & non-spillable nature, upsurge in renewable energy investments, increasing demand for energy storage solutions for high-current
Global NiMH Batteries Industry Market Analysis & Forecast
Global NiMH Batteries Industry Market Analysis & Forecast 2018-2023, the revenue is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2023, growing at a CAGR of XX% between 2018 and 2023. The production is estimated at XX million in 2017 and is forecasted to reach XX million by the end of 2023, growing at a CAGR of XX% between
Boat Batteries Market Key Players: Century Yuasa Batteries Pty Ltd., Lifeline Ba …
Boat Batteries Market: Introduction Boat batteries help a boat getting started or stay in continuous motion by supplying the required power. Unlike other batteries, such as a car battery, boat batteries contain thick plates and hence, generate less cranking power and maximum reserve capacity. The intriguing part is that a boat battery with highest power capacity is of the same size as a boat battery with lowest power capacity. Additionally, there
Boat Batteries Market to Witness Huge Growth by 2025| Lifeline Batteries, Inters …
HTF MI recently Announced Global Boat Batteries study with 100+ market data Tables and Figures spread through Pages and easy to understand detailed TOC on "Boat Batteries. Global Boat Batteries research allows you to get different methods for maximizing your profit. The research study provides estimates for Global Boat Batteries Forecast till 2025*. Some of the Leading key Company’s Covered for this Research are Century Yuasa Batteries, Lifeline Batteries, Interstate
VRLA Batteries Market Report 2018
In this report, we covers the present scenario (with the base year being 2017) and the growth prospects of global VRLA Batteries market for 2018–2023. A VRLA battery, more commonly known as a sealed lead-acid (SLA), gel cell, or maintenance free battery, is a type of lead-acid rechargeable battery. Due to their construction, the Gel and AGM types of VRLA can be mounted in any orientation, and do not require constant
Global Nickel cadmium Batteries Market Forecast 2018-2025 Interberg Batteries, P …
Recently added detailed market study "Global Nickel cadmium Batteries Market" examines the performance of the Nickel cadmium Batteries market 2018. It encloses an in-depth Research of the Nickel cadmium Batteries market state and the competitive landscape globally. This report analyzes the potential of Nickel cadmium Batteries market in the present and the future prospects from various angles in detail. The Global Nickel cadmium Batteries Market 2018 report includes Nickel cadmium Batteries