Market research Future Battery Market Segmentation, Size & Top Key Player | Page 4

Global Battery Market Research Report- Forecast to 2023
3 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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