The Business Research company’s batteries manufacturing global market report, covers the year-on-year growth of the global batteries manufacturing market historic and forecast growth. It also includes chapters on the batteries manufacturing market trends, geographical analysis, and competitive landscape.
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The global batteries manufacturing market size is expected to reach $200 billion by 2022, significantly growing at a CAGR of around 7% during the forecast period.
Batteries Manufacturing Market Trends:
The batteries market consists of sales of batteries by entities that produce primary and storage batteries. Examples of primary batteries include disposable flashlight batteries, dry cells, primary (e.g., AAA, AA, C, D, 9V), lithium batteries, primary, and watch batteries. Examples of storage batteries include lead acid storage batteries, lithium storage batteries, and rechargeable nickel-cadmium (NICAD) batteries.
With increasing global warming and consequent rise in government regulations, the demand for clean energy is increasing. Clean energy refers to energy generated from natural sources such as sunlight, wind and others. Renewable energy systems process energy from natural sources into usable forms and store in batteries for use at a later point of time. The Batteries used in renewable energy systems include lead acid batteries, lithium-ion batteries and others. Lithium-ion batteries are the most common type of batteries used in electric vehicles. For example, the electric car manufacturers Tesla and Nissan use lithium-ion batteries to power electric motors.
The global batteries manufacturing market is primarily driven by rise in disposable income, growing population, increased global economic activity, increase in demand of secondary batteries and new innovations.
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The global batteries manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in demand of batteries used technologies, the global batteries manufacturing market is expected to increase in potential and scope. TBRC’s report also covers the batteries manufacturing drivers and restraints in the market.
The global batteries manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global batteries manufacturing market report are Panasonic Corporation, Johnson Controls Inc, GS Yuasa Corporation, East Penn Manufacturing Co Inc, EnerSys Ltd.
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