Automotive Battery Market Huge Growth |Posted by Sujeet Nakade on February 12th, 2020 Automotive Battery Market taking under consideration the expansion factors, recent trends, developments, opportunities, and competitive landscape. The market analysts and researchers have done extensive analysis of the global Automotive Battery market with the help of research methodologies such as PESTLE and Porter’s Five Forces analysis. Few of the major competitors currently working in the automotive battery market are Johnson Controls, GS Yuasa International Ltd., Exide Technologies., East Penn Manufacturing Company, Camel Group Co, Fengfan Co.,Ltd., FIAMM, ENERSYS., Robert Bosch GmbH, MK Battery., Amara Raja Group, Hitachi, Ltd., SANYO Electric Co.,Ltd, Okaya Power Pvt. Ltd., Luminous India, Huawei Technologies Co., Ltd., Chaowel Power Holdings Limited. Global Automotive Battery Market is expected to rise from its initial estimated value of USD 55.87 billion in 2018 to an estimated value of USD 103.18 billion by 2026, registering a CAGR of 7.97% in the forecast period of 2019-2026. By Battery Type (Lithium- ion, Lead- Acid, Nickel, Sodium- ion), Vehicle Type (Passenger Vehicle, Commercial Vehicle, Electric Vehicle), Engine Type (Internal combustion Engine, Electric Vehicles), Functions (Electric propulsion, Start, Lighting, Ignition), Sales Chanel (OEM, Aftermarket) Market Drivers: The new fuel-saving technologies, like micro-hybrid systems are leading to higher battery usage. Increasing environmental concern is driving the market. Market Restraints: Lack of adequate infrastructure required for proper operation of battery-driven vehicles is restraining the growth of this market. High cost of the batteries is another factor restraining the growth of this market. Automotive batteries are batteries which supplies electric current to motor vehicle which are usually rechargeable in nature. Lithium- ion, Lead- Acid, Nickel, Sodium- ion are some of the automotive batteries types. They are usually is a 12-volt battery of six cells and is the heart of the car's electrical system. Its main aim is to start the engine and then the power for electrical system is supplied by alternator. Table of Contents 1 Market Overview 2 Manufacturers Profiles 3 Global Automotive Battery Market Competitions, by Manufacturer 4 Global Automotive Battery Market Analyses by Regions 5 North America Automotive Battery by Countries 6 Europe Automotive Battery by Countries 7 Asia-Pacific Automotive Battery by Countries 8 South America Automotive Battery by Countries 9 Middle East and Africa Automotive Battery by Countries 10 Global Automotive Battery Market Segment by Type 11 Global Automotive Battery Market Segment by Application 12 Sales Channel, Distributors, Traders and Dealers 13 Research Findings and Conclusion 14 Appendixes Important Features that are under offering & key highlights of the report:
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