Car Sharing Market by Vehicle Type, Application 2014-2024 Automotive Battery Market Analysis Report 2023 | Page 2

Automotive Battery Market
Battery pack is the most essential element for any automotive vehicle. It stores electricity, which is used for the
initial ignition of the vehicle engine. Due to the rapid growth in sales of electric buses and other automotive
vehicles, the automotive battery market has also gained pace, because of the large-sized batteries required in
the automotive vehicles.
The application of batteries in the vehicles is altering the business landscape, at technology, supplier, and
regional level. This will have major implications not only for large battery corporations, but also for all those
involved in the battery production value chain.
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