Fuel cell technology based automobile batteries are expected to gain wider acceptance in global market mainly due to their increased output efficiency and reduction in the pollutant bi-products. This is due to the fact that these batteries use harmless product such as oxygen and hydrogen as fuel and hence acceptance of this technology by the vehicle makers is expected to drive the global automotive batteries market.
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Increasing research and development in the field of battery technology for fuel cell based automobile and development of nano technology based lithium batteries along with government initiatives for electric vehicles around globe are some of the major drivers for automotive battery market, whereas constant fluctuation in the cost of raw materials such as nickel and lead, pose significant challenge for the industry.
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Some of the major players operating in the automotive battery market include Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO., LTD., Zhejiang Haijiu Battery Co. Ltd, Zhejiang Narada Power Source Co. Ltd., FIAMM S.p.A., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power Sources Co. Ltd., GS Yuasa Corporation and Shandong Sacred Sun Power Sources Co. Ltd.
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Key points covered in the report
- Report segments the market on the basis of types, application, products, technology, etc (as applicable)
- The report covers geographic segmentation
- North America
- The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020
- The report provides company profiles of some of the leading companies operating in the market
- The report also provides porters five forces analysis of the market.
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