The North American battery market is estimated to grow at a significant CAGR during the forecast period. Rising application of batteries in consumer electronics, automobile, and others are driving the growth of the battery industry in North America. The demand for batteries has increased owing to the increased adoption of EVs. The substantial market for EVs is one of the major factors contributing to increasing the demand for Li-ion batteries and hence driving the growth of the market.
Browse the full report description North American Battery Market Size, Share & Trends Analysis Report, By Category (Primary and Secondary), By Type (Li-Ion, Ni-MH, Nickel Cadmium, Lead Acid, and Others), By Application (Automotive, Industrial, Consumer Electronics, Power & Energy, and Others), and Forecast 2019-2025 at https://www.omrglobal.com/industry-reports/north-american-battery-market
The high penetration of premium smartphone brands with flagship offerings and other consumer electronic devices further creates demand for the battery. According to the Centre for Digital Information (CDI) North America is the home of around 11% of smartphone users globally. The total number of smartphone users in North America `was estimated to be 229 million in 2016, up from 189 million in 2014. It is further estimated to reach 272 million by the year 2020 as per CDI.
The increasing smartphone users coupled with advancement in smartphone charging technologies such as wireless charging further provides growth to the consumer electronics industry and hence the demand for the battery for consumer electronics application.
Market Coverage
Key Questions Addressed by the Report
North American Battery Market- Segmentation
By Category
By Type
By Application
North American Battery Market– Segment by Region
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/north-american-battery-market