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Battery is a device that provides the electric energy to automobiles for starting, lighting and ignition. The global battery market has seen a remarkable growth over the past few years and it has been anticipated that the global market will maintain the growth status during the forecast period. The rising demand of hybrid, semi-hybrid and fully electric vehicles will drive the global battery market. Also the adoption rate of these batteries in passenger vehicles, is increasing, which will drive this market. Rising consumption of mobiles and laptop, technological innovations, emerging economies and growing disposable income & government initiatives to replace fuel vehicle over battery vehicles, are some of the major factors, which are driving the global market.
However, both safety issues related to battery usage and the cost involved may hamper the growth of global battery market. The Global battery market is expected to grow by a CAGR of 4% during the forecast period.
The prominent players driving the Global Battery Market are Douglas Battery (U.S.), Johnson Controls Inc (U.S.), The Furukawa Battery Co. Ltd (Japan), Penn Manufacturing Company Inc.(U.S.), Exide Technologies (U.S.), and many more.
Douglas Battery held their latest Douglas U class in Dallas, TX, which was organized by the local representative group, Southland Battery. The class consisted of one sales coordinator and 12 technicians from all over the country. After two days of hands-on training, the class left with a better understanding of charger serving and battery.
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The leading players in the battery market are
Global Battery Market: Segmental Analysis
The Global Battery Market has been segmented on the basis of Battery Type, Application, and Region.
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