The global batteries manufacturing market, a major segment
of the electrical equipment industry, grew at a compound annual growth rate
(CAGR) of around 5% during the historic period. The growth is mainly due to rapid
expansion in end user industries such automotive and electronics and growing
consumer preferences for pollution free and hybrid vehicles.
In the forecast period, the global batteries manufacturing
market size is expected to be over $200 billion by 2021, growing at a CAGR of
nearly 7.3%. The growth is mainly attributed to several factors which include
growing disposable income, technological advancements and increasing
investments in automotive industry in emerging economies such as India, China
and Brazil.
Find TBRC’s report on the batteries manufacturing market:
https://www.thebusinessresearchcompany.com/report/batteries-manufacturing-global-market-report-2018
With the rising awareness on eco-friendly technologies and
increasing environmental regulations, the demand for AGM batteries is
increasing. AGM batteries is a class of lead acid deep cycle battery, wherein
electrolyte is absorbed into a fiberglass mat. These batteries can handle high
temperatures and self-discharge more quickly. They also further provide
consistent power output and extended battery life. AGM batteries contain a
glass mat separator that enables a consistent power output and extended battery
life. The batteries are used in start-stop vehicles that shut off engine when
the car is stationary and restarts it when driver’s foot is taken off the
pedal, thereby saving fuel.
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https://www.thebusinessresearchcompany.com/sample.aspx?id=222&type=smp
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