Global Battery Market in Transport to be more than USD 65 Billion by 2024
For more Info: https://www.renub.com/global-battery-market-nd.php In order to support clean fuel, batteries demand are rising as an option for many automotive and E-bikes models. According to Renub Research gasoline based cars will start declining, but the sales of other vehicles will keep on growing. In a decade’s time Electric vehicle sales should account for approximately 30% of total vehicle sales. By the end 2024, Global battery market in transport is projected to cross US$ 65 Billion. This report provides the data on Global battery market for 4 modes of transport: E-Bike, Automotive, Marine and Forklift. Lead Acid Batteries vs. Lithium-Ion Battery • Weight: Lead Acid batteries are heavier than lithium-ion batteries. • Efficiency: In the case of charge and discharge Lead Acid batteries are inefficient; it takes long hours to charge. But lithium ion batteries take much shorter duration to charge. • Life Cycle: Lithium ion batteries can be recharged more than 5000 times, whereas in lead acid battery it can be recharged 500 times. • Voltage: Lead Acid voltage keeps on dropping in the discharge cycle. On the other hand, Lithium ion battery voltage level is maintained in the discharge cycle. • Cost: Lithium ion batteries are almost twice costly compared to lead acid battery • Environment: Although batteries are considered a cleaner fuel compared to fossil fuels. But compared to both the batteries lithium ion batteries are considered much cleaner technology. Request a Free Sample Copy of the Report: https://www.renub.com/contactus.php Other than Lead Acid battery market and Lithium ion battery market report has also defined the Nickel–Metal Hydride Battery (NIMH) Market, SLI (Start, Light & Ignition) Battery Market and Others Automotive Battery Market.
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