Batteries Market

  Batteries Market Overview The Global  Batteries Market  is garnering substantial traction continually. The market growth attributes to the rising demand for hybrid, semi-hybrid, and fully electric vehicles. Besides, the increasing adoption rate of batteries in passenger vehicles drives the growth of the market. Also, increasing improvements in battery technologies substantiate market growth. Moreover, increasing production and sales of automobiles worldwide escalate the market growth, creating significant market demand. According to Market Research Future (MRFR), the global the batteries market is estimated to create a substantial revenue pocket by 2022, registering around 4% CAGR during the forecast period (2016-2022). Increasing demand for high power and capacity batteries in vehicles acts as a significant driving force for the growth of the market. The growing integration of smart devices and electronics is another major factor responsible for the growth of the Batteries Market