Battery Market Boost The Industry Growth With USD 132.55 Billion By 2024 : Grand View Research Inc.
San Francisco, 7 October 2019: The Report Battery Market Share, Size & Trend Analysis Report By Product (Lead Acid, Li-ion, Nickle Metal Hydride, Ni-Cd) By Application (Automotive, Industrial, Portable) And Segment Forecasts To 2024 The global battery market is expected to reach USD 132.55 billion by 2024, according to a new report by Grand View Research, Inc. Majorly consisting of primary and secondary batteries, the growth will be attributed to growing demand for secondary batteries that are rechargeable on account of rising demand for smart gadgets and electronics such as tablets, smartphone and other portable devices including the digital camera and laptop. Technological advancements in terms of cost reduction and enhanced efficiency are expected to open new avenues for the global market over the forecast period. Rising use in aircraft emergency systems in case of non-availability of APU’s for braking, ground operations and restarting the APU is expected to fuel high