Battery Market Analysis

The market is segmented by product into lead acid, lithium-ion, nickel metal hydride, nickel-cadmium, and others, out of which, the lead acid segment is anticipated to hold the largest share in the global battery market on account of the growing applications of these batteries in industries namely, automotive, telecommunication, electric bikes and uninterrupted power supply. Apart from these, high reliability and low cost of lead acid batteries are also predicted to drive growth to the market segment in the imminent time. Furthermore, on the basis of application, the automotive segment is assessed to acquire the largest share during the forecast period, which can be credited to the rise in demand for batteries from electric vehicles, and high requirement for batteries for starting, lighting and ignition (SLI) application in the automotive sector.  

Our in-depth analysis of the global market includes the following segments: