|By PR Newswire||
|February 25, 2014 05:28 PM EST||
DUBLIN, February 25, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/mqghhd/the_global) has announced the addition of the "Global Battery Industry: Trends, Profits and Forecast Analysis to 2018" report to their offering.
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The global battery industry witnessed good growth during the past decade and holds immense growth potential for the future. The global market size for batteries is expected to reach $86.6 billion by 2018. The industry is boosted by growing demand of battery in consumer electronic products and automotive vehicles. Growing demand of electric, hybrid electric, and plug-in hybrid electric vehicles are creating huge growth opportunities for the battery industry. Technological development, increasing disposable income of customers, development of new application for batteries, and decreasing prices of raw materials for manufacturing latest battery products further aided the battery Industry.
Trends are favorable for growth which should allow for participation by all players. There is a significant difference in growth potential among the application industries and regions, and should yield better returns for suppliers who are positioned well in them.
The report describes the challenges faced by the industry in disposal and recycling of both lead acid and Ni-MH batteries as they possess certain environmental issues. Hence, stringent environmental policies are there to govern manufacturing as well as recycling of such batteries. The industry also requires significant level of capital investments and sophisticated technological capabilities to manufacture lithium-ion batteries.
The report also briefly mentions the major drivers of the industry. Use of lithium-ion batteries in EV, HEV and PHEV are creating enough opportunities for the growth. Demand of lead-acid batteries for SLI (starting, lighting, and ignition) purpose in automobiles contributed significantly in the industry growth. Demand of batteries having more power output with low weight at competitive prices will favor the growth in consumer electronics segment.
This report discloses the emerging trends of the industry which helps the industry players to get a brief scenario prevailing in the industry. The battery manufacturers should be well aware of the unmet needs in the industry, so that they can fulfill the needs of the industry and increase market share. It also provides major drivers and challenges which will help the companies to identify their strengths, find whether they are able to cope up with the challenges, and compete in the market.
This unique report will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
Key Topics Covered:
1. Executive Summary
2. Lithium-ion battery Industry Background and Classification
3. Industry Analysis
4. Financial (Cost Structure, Profitability, Debt and Assets) Analysis
5. Competitive Landscape and Growth Opportunities Analysis
6. Industry Strategic Assessment
7. Company Profiles for Leading Players
For more information visit http://www.researchandmarkets.com/research/mqghhd/the_global
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets