Global Battery Market Research and Forecast, 2018-2023

INDORE, India - Feb. 6, 2019 - PRLog -- "Strong demand for consumer electronics is augmenting the growth of global battery market."

According to the OMR analysis, the global battery market is growing at a considerable rate during the forecast period. The growth of the market is attributed to the strong demand for consumer electronics. In addition, presence of large number of market players further boost the growth of global battery market. The global battery market is segmented on the basis of category, type, application, and geography. The report provides detailed and insightful chapters on market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis, and analyst insights.

The rising electric vehicle market is a driving factor for battery market. An electrical vehicle is a battery powered vehicle that gets energy from battery at the place of any fossil fuel. The battery doesn't need any fuel delivery system as a transaxle is mounted to it, for optimizing the battery power. Most of the battery used in the e-vehicle are rechargeable and recyclable. As per International Energy Agency, about 750,000 electric vehicles were sold in 2016, globally. The countries such as Norway has 29% market share of electric vehicle. Netherland and Sweden have 6.4% and 3.4% market share respectively of e-vehicle in 2016. China represented the largest market for electric vehicle in 2016 with around 40% of the global market share. The private and public charging infrastructure have increased significantly due to increase in the number of electric vehicles on the road. This has significantly contributed to the growth of the battery market.

Global battery market is analyzed on the basis of the geographical regions- North America, Asia-Pacific, Europe and Rest of the World that are contributing significantly towards the growth of the market. Among these regions, Asia-Pacific is estimated to hold a dominant position in global battery market due to high adoption of consumer electronics in the Asia-Pacific region. Furthermore, India and China are the key manufacturing countries in the consumer electronics segment owing to the availability of skilled labor and low production and setup costs. This contribute to the growth of the global battery market in the Asia-Pacific region.

The report covers
Comprehensive research methodology of the global battery market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global battery market.
Insights about market determinants which are stimulating the global battery market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Full report of global battery market is available at https://www.omrglobal.com/industry-reports/battery-market/

For related reports please visit https://www.omrglobal.com/reports-category/energy/

About Orion Market Research

Orion Market Research (OMR) a research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company aims to provide business insights for decision making to the global clients and offers quality syndicated research reports, customized research reports, Company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.