Global Battery Market Going To Uplifted By Electric Vehicles between Global Battery Market_PDF | Page 4

Global Battery Market industry Research Report- Forecast to 2023
Market Research Analysis: -
There are many elements that hold the growth of global battery market. Contribution to the global industrial
scenario is estimated to increase significantly in the forecast period. Asia-Pacific is dominating the battery
market due to factors such as growing demand from automobile and industrial sectors. Moreover, steady
growth in domestic production and exports of automobiles coupled with expanding vehicle fleet is
projected to drive demand for batteries. Additionally, rising penetration of two-wheelers in semi urban and
rural India is projected to surge replacement demand for two-wheeler batteries during the forecast period.
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