Global Transportation BatteryÂ Market 2018-2022
About Transportation Battery
A transportation battery is a rechargeable battery that supplies electric current to a motor vehicle for engine propulsion and powers the vehicle electrical systems.
Technavio’s analysts forecast the global transportation battery market to grow at a CAGR of 11.48% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global transportation battery market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of transportation battery in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Transportation Battery Market 2018-2022
Technavio recognizes the following companies as the key players in the global transportation battery market: EnerSys, Exide Technologies, GS Yuasa International, Johnson Controls, Panasonic, SAMSUNG SDI.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the financial and non- financial incentives by governments to increase EV production. The owning to regulations to contain GHG emissions and protect the environment and human life from adverse effects of air pollution, governments in countries have been offering incentives to boost the adoption of EVs.
According to the report, one of the major drivers for this market is the strict GHG emission policies. The stringent rules pertaining to GHG emissions from transport vehicles, there has been an increase in the demand of EV’s across the world, growth of the global transportation battery market.
Further, the report states that one of the major factors hindering the growth of this market is the rise in counterfeit automotive products. The automotive counterfeit market has been thriving owning to the frequent need for replacing apart and accessories. Such instances can result in the leakage of margins in the supply chain, loss of brand equity.
GS Yuasa International
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