Global Battery Market

For more Info:

https://www.renub.com/global-battery-market-nd.php

In order to support clean fuel, batteries demand are rising as an option for many automotive and E-bikes models. According to Renub Research gasoline based cars will start declining, but the sales of other vehicles will keep on growing. In a decade’s time Electric vehicle sales should account for approximately 30% of total vehicle sales. By the end 2024, Global battery market in transport is projected to cross US$ 65 Billion. This report provides the data on Global battery market for 4 modes of transport: E-Bike, Automotive, Marine and Forklift.

Lead Acid Batteries vs. Lithium-Ion Battery
• Weight: Lead Acid batteries are heavier than lithium-ion batteries.
• Efficiency: In the case of charge and discharge Lead Acid batteries are inefficient; it takes long hours to charge. But lithium ion batteries take much shorter duration to charge.
• Life Cycle: Lithium ion batteries can be recharged more than 5000 times, whereas in lead acid battery it can be recharged 500 times.
• Voltage: Lead Acid voltage keeps on dropping in the discharge cycle. On the other hand, Lithium ion battery voltage level is maintained in the discharge cycle.
• Cost: Lithium ion batteries are almost twice costly compared to lead acid battery
• Environment: Although batteries are considered a cleaner fuel compared to fossil fuels. But compared to both the batteries lithium ion batteries are considered much cleaner technology.

Request a Free Sample Copy of the Report:

https://www.renub.com/contactus.php

Other than Lead Acid battery market and Lithium ion battery market report has also defined the Nickel–Metal Hydride Battery (NIMH) Market, SLI (Start, Light & Ignition) Battery Market and Others Automotive Battery Market.


Reasons for Battery Growth
After 2010, lithium-ion battery prices have reduced drastically. This decline in the price of battery can be attributed to the fact of better battery technologies, completion and mass production. According to our estimate global battery prices will keep on declining till 2019, and from 2020 prices should stabilize. Due to the following factors lithium ion battery market will be an industry of more than USD 40 Billion by 2024.

Access full Research:

https://www.renub.com/global-battery-market-by-transport-p.php


E-bikes Battery Market
Global e-bikes sales was 32 million in 2012 and it has grown to 40 Million by 2015 it’s a growth of 80 percent in a span of three years. Globally China holds the maximum share followed by Europe and United States. Country like South Korea has a sale of approx 17000 e-bikes in the year 2015. Earlier lead acid batteries were mostly used in E-Bikes, but now this trend is changing and lithium ion batteries are fast replacing lead acid batteries.