Global Battery Market driven by Growing Integration of Electronics

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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.  
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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
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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
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Browse gtgt 123 market data
tables 62 figures 177 pages
and in-depth TOC on Global Battery Market
- Global Forecast to 2021 Early buyers
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US8150 This study answers several questions for
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prioritize efforts and investments.
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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.
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  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 worlds
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 https//www.markets
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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)
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