NEW YORK, March 26, 2018 (GLOBE NEWSWIRE) -- Batteries are energy storage devices that allow electrical energy to flow when connected to an electrical circuit. Batteries are available in all sizes and are used in everything from small gadget to transportation medium. There is rise in use of the batteries, so will the need for battery technology, including chargers and testing equipment. Most commonly battery for charging is used in mobile phones, laptops, gaming console. Usage of batteries in these portable devices keeps them running when away from the outlet. As more mobile devices are produced that rely on batteries, there will be a greater need for battery testers. Many applications are available now that gauge the overall life of a device’s battery while determining the amount of life available for use before a charge is required.
United States Yacht Battery Market is segmented into Lithium-ion Battery and Lead-acid Battery. Lead acid account for half of the market share. Rise in usage of automotive, telecommunication, transport vehicles, high use of UPS devices in healthcare, chemical and oil & gas sector for continuous power supply will propel lead acid market demand. These batteries are used in critical applications on account of high reliability and low cost. However, lithium-ion batteries are expected to capture a large portion of the lead acid battery over the forecast period.
One of the lightest of all metals is Lithium and has an extremely high electro-chemical potential, which makes it a super-active ingredient for constructing batteries. It is easy for lithium batteries to achieve a lot more current density of conventional batteries, but there are some really rough spots on this stretch of the technology superhighway. Lithium-ion batteries are expected to penetrate lead acid battery applications including electric vehicles, plug-in electric vehicles, storage and automobiles thus gaining a majority market share by 2024.
Major consumer of batteries is Asia Pacific due to rise in production of automobile and industrialization which is resulting in high demand for battery market. Major countries manufacturing in these segments are China and India. North America and Europe are expected to register significant growth on account of rising electric vehicle production.
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Yacht Battery Market: Product Type
• Lithium-ion Battery
• Lead-acid Battery
Yacht Battery Market: End User / Application
• Private Yacht
• Commercial Yacht
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Yacht Battery Market: Companies Covered
• Saft
• Exide Technologies
• GS Yuasa
• Johnson Control
• EnerSys
• A123 Systems
• LTW Battery
• Trojan Battery
Yacht Battery Market report delivers comprehensive analysis of:
• Market Forecast for 2018-26
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis
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