Global Battery Market by Transport and Transport Mode, Automotive Battery by Type & by Geography - Industry Trends & For
Global Battery Market by Transport and Transport Mode, Automotive Battery by Type & by Geography - Industry Trends & Forecast to 2021 The global battery market is expected to grow from USD 14.08 billion in 2016 to USD 17.25 billion by 2021, at a CAGR of 4.15% from 2016 to 2021. A battery consists of one or multiple cells which facilitates the conversion of chemical energy into electricity. Batteries are used to supply primary power or act as back-up power supply in transport, industrial, or commercial applications. With the demand in the global transportation market increasing, the market for batteries is also projected to grow. Rising number of electrical circuits and devices in the transportation industry is one of the major factors driving this growth. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021. View Full Reports Summary: https://www.marketsandmarkets.com/Market-Reports/automotive-battery-market-247045197.html
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