Market Research Future Published a Half Research Report on Global Battery Market that contains the information from 2017 to 2023. Batteries market is expected to grow with the CAGR of about 4% from 2017 to 2023. Increasing demand of hybrid, semi-hybrid and fully electric vehicles as well as technological advancement & innovation will drive the Batteries Market.
Market Highlights
Rise in demand for electronic devices such as smartphones and tablets as well as government regulations to reduce the pollution are some of the major factor which drives the demand for the growth of battery market. Additionally, increasing demand for electric vehicles also pushing the battery market towards growth. Automotive batteries are rechargeable batteries that supply electric energy to automobiles. With the continuous rise in production and sales of automobiles, the global automotive battery market has been witnessing increase in sales. Furthermore, constant increase in the demand for electricity and depletion of fossil fuels have encouraged countries across the globe to focus more on the generation of electricity through renewable energy sources.

The market has analyzed the market based on battery types, applications and end-uses in the regions of North America, Europe, APAC and rest of the world. On the basis of battery types it includes lead acid, lithium ion, nickel metal hydride and nickel cadmium. Lithium ion is one of the largest segments by battery type. Lithium-ion battery is a kind of rechargeable battery, which is used in various industries and comes with a great life cycle with the high energy density. On the basis of applications it includes portable, automotive and industrial. Automotive segment holds the largest segment. Automobile segment is witnessing continuous expansion, especially in developing economies and, thus impacting the battery market positively. The new fuel-saving technologies such as micro hybrid systems are also leading to higher battery usage.

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Key Players
The leading players in the battery market are
• Exide Technologies (U.S.),
• Douglas Battery (U.S.),
• Penn Manufacturing Company, Inc.(U.S.),
• Johnson Controls Inc(U.S.),
• The Furukawa Battery Co. ltd (Japan),
• Zhejiang Haijiu Battery Co. Ltd (China),
• Chaowei Power Holding ltd (China),
• CamelGroup (Italy)
• Fengfan Co. Ltd.(China)

Lithium ion dominates the battery type segment of global battery market
Lithium-ion batteries are now widely implemented as the power or energy source for everything from portable electronics to electric vehicles. Lithium-ion batteries offer high storage capacity, better efficiency and longer life than other batteries. The demand for these batteries is increasing in various applications such as consumer electronics products and automotive application. Lithium-ion batteries are widely implemented as the power or energy source for everything from portable electronics to electric vehicles. The rising demand for electronic devices and the stringent government regulations to control pollution level, are expected to drive the lithium-ion battery market during the forecast period.

Market Research Future Analysis:
There are many elements that hold the growth of global battery market. Contribution to the global industrial scenario is estimated to increase significantly in the forecast period. Asia-Pacific is dominating the battery market due to factors such as growing demand from automobile and industrial sectors. Moreover, steady growth in domestic production and exports of automobiles coupled with expanding vehicle fleet is projected to drive demand for batteries. Additionally, rising penetration of two-wheelers in semi urban and rural India is projected to surge replacement demand for two-wheeler batteries during the forecast period.

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List Of Tables
Table 1 Global Battery Market, By Battery Type
Table 2 Global Battery Market, By Application
Table 3 Global Battery Market, By Regions
Table 4 North America Battery Market, By Battery Type
Table 5 North America Battery Market, By Application
Table 6 U.S. Battery Market, By Battery Type
Table 7 U.S. Battery Market, By Application
Table 8 Canada Battery Market, By Battery Type
Table 9 Canada Battery Market, By Application
Table 10 Europe Battery Market, By Battery Type
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List of Figures
Figure 1 Research Methodology
Figure 2 Global Battery Market: By Battery Type (%)
Figure 3 Global Battery Market: By Application (%)
Figure 4 Global Battery Market: By Region
Figure 5 North America Battery Market, By Battery Type (%)
Figure 6 North America Battery Market, By Application (%)
Figure 7 Europe Battery Market, By Battery Type (%)
Figure 8 Europe Battery Market, By Application (%)
Figure 9 Asia-Pacific Battery Market, By Battery Type (%)
Figure 10 Asia-Pacific Battery Market, By Application (%)
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