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Global Transportation Battery Market 2018-2022 | 11% CAGR Projection Over the Next Four Years | Technavio

December 7, 2018

LONDON--(BUSINESS WIRE)--Dec 7, 2018--The global transportation battery market is expected to post a CAGR of over 11% during the period 2018-2022, according to the latest market research report by .

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Technavio has released a new market research report on the global transportation battery market for the period 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth in the automotive market. The global automotive market has experienced significant growth in the past decade, with substantial growth in the passenger cars and commercial vehicle segments. Countries such as China, experienced the highest new passenger vehicle registrations by volume, in 2016. Similarly, countries such as Japan, Brazil, and Russia exhibited strong growth in the sales of cars in 2017.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the financial and non-financial incentives by governments to increase EV production as one of the key emerging trends in the global transportation battery market:

Global transportation battery market: Financial and non-financial incentives by governments to increase EV production

Governments in various countries such as China and the US have been offering incentives to boost the adoption of EVs due to regulations to contain GHG emissions and protect the environment and human life from adverse effects of air pollution. These incentives primarily lower the upfront costs of EVs, thus playing a significant role in their adoption, as EVs still hold a lesser market share than conventional vehicles. Such incentives include rebates and tax credits.

“Apart from financial incentives, high occupancy vehicle lane exemptions and expedited license plate acquisition are some of the other factors boosting the production and sales of EVs. In some provinces and cities in China, EVs are allowed to use bus lanes, unrestricted by the traffic control rules and are exempted from paying parking fees. Like the US, even in China, it is a time consuming and expensive task to acquire license plates. However, EV drivers can get license plates without payment of the standard fees, making the process faster than that of conventional vehicles,” says a senior analyst at Technavio for research on energy storage.

Global transportation battery market: Segmentation analysis

This market research report segments the global transportation battery market by application (automotive and EV), product (lead-acid battery, lithium-ion battery, and Ni-MH battery), and geographical regions (APAC, EMEA, and the Americas).

The automotive segment held the largest market share in 2017, accounting for over 66% of the market. However, by 2022, the EV segment is expected to surpass the automotive segment to become the leading application, accounting for a market share of nearly 52%.

APAC led the market in 2017 with a market share of nearly 59%. This region is expected to dominate the market through 2022, with over 2% increase in its market share.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181207005497/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/07/2018 02:23 PM/DISC: 12/07/2018 02:23 PM

http://www.businesswire.com/news/home/20181207005497/en

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