Driven By Innovation

By the end of 2022, the global automotive battery market will be worth over $54.5bn

- 

Automobile manufacturers from around the world are observing the rapid innovation and advent of battery technologies with a technology-neutral standpoint. OEMs are adopting new designs and mechanics to develop automobile components that enable optimisation of electricity consumption. Such practices support the inclusion of advanced batteries in automobiles. Moreover, with increasing preference to electric vehicles and hybrids, manufacturers of automotive batteries will be focusing largely on extending the capacity of individual batteries and developing new technologies that enable speedy recharging and assured stabilisation. According to Transparency Market Research, the global market for automotive batteries will witness a steady growth over the forecast period, 2017- 2022. The report estimates that by the end of 2022, the global automotive battery market will be worth over $ 54.5bn.

High Demand for SSLA