|By PR Newswire||
|April 17, 2014 01:59 PM EDT||
DUBLIN, April 17, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/cgj7sz/global_automotive) has announced the addition of the "Global Automotive Battery Market Report" report to their offering.
The analysts forecast the Global Automotive Battery market to grow at a CAGR of 6.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing R&D investment by the manufacturers. The Global Automotive Battery market has also been witnessing the increase in fuel cell vehicles. However, the slow acceptance of electric vehicles could pose a challenge to the growth of this market.
The report, the Global Automotive Battery Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Automotive Battery market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Fuel cell technology is expected to create a revolutionary change in the Global Automotive market due to the output efficiency and the reduction in the pollution caused by these cells. Fuel cells are constructed by harmless products such as hydrogen and oxygen to produce the required power. As the working principle of this cell is similar to the existing automotive battery technology, adaptation of this technology by the manufacturers will be an easy task. Also, the quality of output produced by this technology is expected to have a high impact on the Global Automotive Batteries market.
According to the report, one of the main drivers is the increasing R&D investment by the manufacturers. The R&D in an industry helps the overall market to improve in revenue and profits. The investment in the research plays a crucial role in producing innovative products such as EVs and hybrid vehicles.
Further, the report states that one of the main challenges is the slow acceptance of EVs in the global market. The manufacturers and the researchers invested a large amount of money in developing new technology such as EVs. However, due to several reasons such as lack of product knowledge, ambiguity about the recharging systems and others, consumers were reluctant to purchase these EVs, resulting in their slow acceptance in the global market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
01. Executive Summary
02. Scope of the Report
03. Market Research Methodology
04. List of Abbreviations
06. Market Landscape
07. Market Segmentation by Technology
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
Other Reports in this Series
- Camel Group Co. Ltd.
- Douglas EnerSys Home
- East Penn Manufacturing Company Inc.
- Exide Technologies
- Fengfan Co. Ltd.
- Fiamm Group Chaowei Power Holdings Ltd.
- GS Yuasa Corp.
- Hitachi Ltd.
- Huawei Corp.
- Johnson Controls Inc.
- Shandong Sacred Sun Power Sources Co. Ltd.
- The Furukawa Battery
- Zhejiang Haijiu Battery Co
- Zhejiang Narada Power Source Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/cgj7sz/global_automotive
Media Contact: Laura Wood, +353-1-481-1716, [email protected]