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Battery Market Estimated to Reach a Market Size of $17.26 Billion by 2021 - Growing Integration of Electronics - Research and Markets

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04/27/2016 | 12:08pm EDT

Research and Markets has announced the addition of the "Global Battery Market - Industry Trends & Forecast to 2021" report to their offering.

The battery market is estimated to grow with CAGR of 4.15% from 2016 to 2021 to reach a market size of USD 17.26 billion by 2021. Growing integration of electronics, growing demand for transportation, fuel savings and government incentives for cleaner transportation changes are the major driving forces behind the growing demand for batteries.

Lead acid batteries are used in the automobile sector and the market for lead-acid batteries in automotive segment is estimated to be the largest. Lead acid batteries are used in all passenger vehicles for SLI function and these batteries are wet charged and have secondary cells, which are capable of multiple charges and discharges. Automotive lead acid batteries have also gone major developments to accommodate increasing electrical requirements of modern automobiles and increasing need for efficiency

The Asia-Oceania region is estimated to dominate the battery market, in terms of volume, and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the progress in the socio-economic conditions by the emerging countries such as China, India, Indonesia, and Thailand. Large population in countries such as China and India has resulted in increased number of automobiles and two wheelers and which has driven the demand for batteries.

Companies Mentioned:

  • A123 Systems
  • Automotive Energy Supply Corporation
  • Delphi Automotive LLP
  • Exide Technologies, Inc.
  • GS Yuasa Corporation
  • Johnsons Controls Inc.
  • LG Chem
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Saft Groupe SA
  • Samsung SDI Company Limited
  • Tesla Motors
  • Toshiba Corporation
  • Trojan Battery Company

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Automotive & Two Wheeler Battery Market

7 Automotive Battery Market, By Type

8 Global Aerospace Battery Market, By Application

9 Marine Battery Market

10 Global Battery Market, By Region

11 Competitive Landscape

12 Company Profile

For more information visit http://www.researchandmarkets.com/research/nktf7p/global_battery


© Business Wire 2016
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