Key drivers in the global automotive battery industry include the increasing R&D investment by the manufacturers
Global Automotive Battery Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-21 11:21:01
The Global Automotive Battery market to grow at a CAGR of 6.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing R&D investment by the manufacturers. The Global Automotive Battery market has also been witnessing the increase in fuel cell vehicles. However, the slow acceptance of electric vehicles could pose a challenge to the growth of this market.
Fuel cell technology is expected to create a revolutionary change in the Global Automotive market due to the output efficiency and the reduction in the pollution caused by these cells. Fuel cells are constructed by harmless products such as hydrogen and oxygen to produce the required power. As the working principle of this cell is similar to the existing automotive battery technology, adaptation of this technology by the manufacturers will be an easy task. Also, the quality of output produced by this technology is expected to have a high impact on the Global Automotive Batteries market.
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