The Global Market for Rechargeable Batteries is Projected to Exceed US$40.9 Billion by 2024
Strong Demand from EVs & HEVs, and Technological Advancements in Battery Chemistry Drive Demand for Rechargeable Batteries, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Rechargeable Batteries market. The global market for Rechargeable Batteries is projected to exceed US$40.9 billion by 2024 , driven by intense demand from high-end IT products, mobile communication products, and hybrid/electric vehicles; latest breakthroughs in battery chemistry & technology; and rapidly growing urban population and rising standards of living. Batteries are indispensable power source for profusion of power-hungry electronic devices. The growing popularity of consumer electronics has widened the continuum of battery application to a new level, and rechargeable batteries have now emerged to become the most preferred option for a range of ...