Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The development of technologically superior batteries that aid in various applications is driving the growth of the market. Moreover, batteries are used in small devices and backup for energy, hence augmenting the market growth. Additionally, the introduction of durable and innovative batteries is enabling their extensive use in various major industries, which is providing further impetus to the market growth. In the infrastructure industry, batteries are used as power generators for devices, such as fire alarms, and gas and water meters. Moreover, they are also used in the automotive industry as a backup for electrical components, such as remote keyless entry and e-calling. Outdoor machinery like agricultural machinery, construction machinery, and water level sensors are equipped with wireless network connections, which widely use batteries with a long life. Such extensive uses of batteries in various industries are positively aiding the market growth.
GS Yuasa International Ltd. (TYO: 6674), one of the leading players, launched LIM30HL series of industrial lithium-ion batteries module in December 2020. The batteries are upwardly compatible and feature a higher rated capacity and lower internal resistance. Also, the series can provide excellent performance in the electric drive units of large industrial vehicles such as hybrid vehicles with regenerative charging and power assisting functions. In addition, the series also contributes to the development of social infrastructure, including disaster prevention facilities. Moreover, they also contribute to reductions in energy used by industrial equipment and machinery. The development of such innovative products by the leading companies is anticipated to propel the market growth in the forecast period.
Market Analysis by Product, Application, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global market for battery are LG Energy Solution, GS Yuasa International Ltd., BYD Company Ltd., Exide Industries Ltd., Johnson Controls, and Panasonic Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.