I am Marcel, a Market Research Consultant in the USA I have expertise in Market Research sector, So If You Want to Set up Your Business then I can Analyze a Report For You.
17 Juillet 2023
According to the latest report by IMARC Group, titled, “Automotive Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global automotive battery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
/image%2F6715070%2F20230717%2Fob_7bb84f_automotive-battery-market4.jpg)
Report Highlights:
| Report Attributes | Details |
| Market Size in 2022 | US$ 48 Billion |
| Market Forecast in 2028 | US$ 67 Billion |
| Growth rate (2023 to 2028) | CAGR of 5.40% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
An automotive battery serves as a crucial component designed for powering the electrical systems in vehicles, playing a vital role in their functioning. Typically, it consists of a plastic case that houses a series of cells, with each cell containing positive and negative plates crafted from lead and lead oxide and submerged in an electrolyte solution comprising sulfuric acid and water. The automotive battery has the capacity to store and supply energy as required, assuring optimal performance of the vehicle’s electrical systems. It provides the essential power to initiate engine ignition, ensuring reliable starting. The automotive battery even acts as a stabilizer, mitigating voltage spikes and providing a steady flow of electricity to several components. Consequently, it finds extensive utilization across the globe.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/automotive-battery-market/requestsample
The automotive battery market is primarily driven by the inflating demand for electric vehicles (EVs) and the implementation of stringent emission regulations and supportive government policies. Additionally, the increasing advancements in battery technology for enhanced energy density and longer lifespan, coupled with the expanding electric charging infrastructure, are also positively influencing the market growth. Furthermore, the launch of financial incentives for EV purchasers and growing consumer awareness regarding the environmental advantages of EVs are acting as significant growth-inducing factors. Besides this, the decreasing costs of lithium-ion batteries and substantial investments in battery research and development (R&D) by manufacturers are further fueling the global market. Moreover, the escalating number of battery production facilities, the rising emphasis on renewable energy, and the elevating integration of batteries in energy storage systems will bolster the automotive battery market in the coming years.
The report has segmented the market into the following categories:
Battery Type Insights:
Vehicle Type Insights:
Breakup by Region:
The report covers the major market players including:
Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=8000&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
/image%2F6715070%2F20230714%2Fob_aba2fd_electric-vehicle-fluids-market.png)
/image%2F6715070%2F20230714%2Fob_06629d_used-truck-market0.jpg)
/image%2F6715070%2F20210812%2Fob_36ca11_auto-dimming-mirror-market.jpg)
/image%2F6715070%2F20230717%2Fob_06f0c7_brown-sugar-market0.jpg)