Global Battery Market driven by Growing Demand for Transportation

(I-BusinessNews.Com, May 18, 2019 ) According to the market research report Global Battery Market by Transport and Transport Mode (Two Wheeler, Automotive, Marine & Aerospace), Automotive Battery by Type (Lead Acid, Lithium Ion & Nickel Metal Hydride) & by Geography – Industry Trends & Forecast to 2021. battery consists of one or multiple cells which facilitates the conversion of chemical energy into electricity. Batteries are used to supply primary power or act as back-up power supply in transport, industrial, or commercial applications.

Download our free PDF Brochure and gain crucial industry insights that will help your business grow:

Growth in Transportation needs: Key driver for Battery market

The transportation industry across the globe has grown significantly since the past few years. Increasing population and subsequent change in demand for vehicle has increased. China is the leading carmaker in the world with a 26% share in worldwide production of cars. Sales for cars have risen from 23.5 million in 2014 to 24.6 million in 2015, in China. Countries like India and the U.S. are also booming markets for vehicles. These are the main reasons behind the blooming market for batteries. Increasing population and economic growth are responsible for increasing automobile sales as well as sales of other ways of transportation such as marine, two wheelers and aviation. Increased traffic of international transportation has led to increased demand for marine and aviation transport which has led to the growth of for the global battery market.

Request for free Customization:

Electric Powered Vehicles: The rising trend

The use of electric power in vehicle as a fuel is new trend in last few years. Environmental changes and scarce oil resources are the driving force behind their increasing adoption. Electric power is cheaper and cleaner than conventional fuels, which helps in reduction of CO2 emissions which are responsible for global warming. Technological advancements in the field of alternative fueled vehicles such as electric vehicles is are estimated to present an attractive opportunity for the market players. OEMs such as Tesla Motors and Toyota Motor Company have successfully launched vehicles with electric powertrains owing to an increasing demand for efficient transportation. Governments are also promoting the adoption of alternative fuel vehicles to reduce the dependence on oil imports. This is also a major driver for batteries used in these vehicles.

Browse and in-depth TOC on Global Battery Market
123 – Tables
62 – Figures
177 – Pages

Booming two wheeler market in Asia Oceania.

Asia Oceania is the largest market for two wheelers owing to high preference for such vehicles as a mode of transport. Asia includes India and China, two countries with world’s largest populations where there is a high demand for two wheelers. Even low income countries like Indonesia have a huge market for two wheelers.

Request for sample:

Global Battery Market Key Players

Key players in the market include Johnson Controls (US), EXIDE Technologies (US), GS Yuasa (Japan), Robert Bosch GmbH (Germany), Saft Groupe SA (France), Delphi Automotive LLP (UK), LG Chem (South Korea) and Panasonic Corporation (Japan) among others)

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Mr. Shelly Singh

Source: EmailWire.Com