Batteries Manufacturing Global Market Report 2018

Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3202 | Format :

The batteries industry comprises establishments includes companies manufacturing storage and primary batteries. A battery is a device consisting of one or more electrochemical cells that produce electric current. Each cell produces electric current from the chemical reaction between the electrolyte and the terminals. The battery manufacturing market in this report is segmented in to primary battery manufacturing and secondary battery manufacturing.

Asia Pacific was the largest region in the batteries manufacturing market in 2017, accounting for 80% market share. This is mainly due to high demand for batteries from automobile industries and commercial establishments in the region. North America was the second largest region accounting for 8% market share. South America was the lowest region accounting for 1% market share.

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.  

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