TechNavio today launched its Global Rechargeable Battery Market 2011“2015 report based on an in-depth study covering the Americas and the EMEA and APAC regions. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said, The increase in the production of electric vehicles is one of the major trends that is positively affecting the growth of the Global Rechargeable Battery market. The Electric Vehicle market in China is witnessing the formation of partnerships that aimed to expand the market at a rapid pace. The limited oil supply in China is also forcing the Government to rely more on electric vehicles. This is one of the major trends that is positively affecting the Global Rechargeable Battery market.
According to the report, an increase in the growth of the Automotive sector is one of the significant factors driving the Global Rechargeable Battery market. The vital role played by rechargeable batteries in the Automotive sector is the major reason for the rise in the demand for rechargeable batteries in this sector. In the Automotive sector, the demand for lithium ion batteries is expected to increase significantly in the coming years. This is because of the increasing demand for electric vehicles as a result of environmental pressures and increasing oil concerns. This increased influence of the Automotive sector is boosting the growth of the Global Rechargeable Battery market.
The report also reveals that one of the major challenges in this market is that rechargeable batteries are prone to explosion.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-rechargeable-battery-market-2011-2015
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TechNavio Announces the Publication of its Report “ Global Rechargeable Battery Market 2011“2015
