Press release
Advance Battery Technologies Market Landscape Assessment By Type, Opportunities and Higher Mortality Rates by 2027
The main objective of this report is to aid the user in understanding the market “ Advance Battery Technologies ” as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the report preparation. Those reading the report will be able to get a detailed understanding about the market. Industry experts have verified and checked the data and information that have been taken from credible sources like websites, annual reports of companies, journals, and other resources. In order give the facts and data a pictorial form, diagrams, graphs, pie charts, and other representations have been used. That augments the visual appeal of the report and makes understanding it much easier.
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Energy storage is a key factor leading towards technological advancements primarily in energy and power sector. Thus, demand for batteries, which are efficient, low cost and safe is anticipated to record significant growth in the coming years. This is further supported by investments by public as well as private sector for projects on energy storage. Advance battery technologies are majorly used in power-intensive applications. Conventionally, batteries were used in used either in consumer products or automobiles. Technological advancements have led towards development of advance batteries including metal hydride, lithium-ion and zinc-air designs. Advance battery technologies are expected to witness upsurge in wind-power energy storage, utility-load leveling systems and plug-in vehicles. Advance battery technologies are anticipated to have a significant transformation in the transportation industry as well as energy markets globally. In addition, development of combination batteries equipped with renewable sources of energy might lead towards a shift from non-renewable sources such as coal, gas and oil. Thus, leading towards attainment of energy efficiency across the globe. Battery manufacturers are focused towards development of high performance products, which cater to the demand for high energy storage, better speed and energy optimaisation.
Advance Battery Technologies Market Segmentation:
Advance Battery Technologies market is segmented on the basis of battery type and applications. On the basis of battery type, the segmentation includes nickel-cadmium batteries, lead acid batteries, lithium-ion batteries, lithium-polymer batteries, metal-air batteries, nickel-zinc batteries, silver cadmium secondary batteries, silver-zinc secondary batteries, nickel-hydrogen secondary batteries and others. On the basis of application, the advance battery technologies market segmentation includes automotive, UAV, wearable electronics, hybrid and electric bus, military/aerospace batteries, residential energy storage, industrial electric and others. Military/aerospace industry is expected to witness upsurge in adoption of advance battery technologies in the next five to six years, which is further anticipated to lead towards high competition among players in this sector.
Geographically, the advance battery technologies market is segmented into seven regions namely North America, Western Europe, Japan, Asia Pacific Excluding Japan, Middle East and Africa and Latin America.
Advance Battery Technologies Market Dynamics:
Demand for better speed, reliability and energy is expected to fuel the demand for advance batteries and thus, growth of advance battery technologies market. In addition, battery manufacturers need to focus on development of batteries catering to the need of specific application. For instance, in case of hybrid vehicles, high-power lithium batteries are used to offer better electricity stability when compared to other conventional batteries. Increasing demand for electric boats, aircrafts, wearable electronic devices and other consumer electronics have led towards development of advance battery technologies for the same. This is further expected to fuel the advance battery technologies market growth in the near future. However, increasing number of manufacturers in the battery technologies is a concern for development of efficient products, which is restricting the advance battery technologies market growth. In order to achieve competitive advantage, key areas for manufacturers to focus and invest in for battery manufacturers comprise battery life, cost, range, power density, charging time and battery thermal management. Moreover, commercialisation of certain advance batteries is at nascent stage, which ultimately restricts adoption of advance battery technologies among end users.
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Advance Battery Technologies Market Key players:
Some of the players in the battery market include Exide Corp., Hitachi Maxell Corp., Honda Inc., American Battery Charging Inc., Sony Corp., China Bak Battery, Inc., General Electric Co., Fujitsu Ltd and Honeywell Batteries. Players on the advance battery technologies are engaged in continuous research and development in order to offer better and efficient battery solutions across the varied end use applications worldwide.
The report covers exhaustive analysis on:
• Global Advance Battery Technologies Market Segments
• Global Advance Battery Technologies Market Dynamics
• Historical Actual Market Size, 2013 - 2015
• Global Advance Battery Technologies Market Size & Forecast 2017 to 2027
• Value Chain
• Global Advance Battery Technologies Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Global Advance Battery Technologies Market Drivers and Restraints
Regional analysis for Advance Battery Technologies Marketincludes
• North America
• US & Canada
• Latin America
• Brazil, Argentina & Others
• Western Europe
• EU5
• Nordics
• Benelux
• Eastern Europe
• Asia Pacific
• Australia and New Zealand (ANZ)
• Greater China
• India
• ASEAN
• Rest of Asia Pacific
• Japan
• Middle East and Africa
• GCC Countries
• Other Middle East
• North Africa
• South Africa
• Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprints
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