The Business Research Company’s latest report Batteries Global Market Report 2020 covers Batteries market drivers, Batteries market trends, Batteries market segments, Batteries market growth rate, Batteries market major players, and Batteries market size. The report provides in-depth analysis of the impact of COVID-19 on the Batteries industry, along with revised market numbers due to the effects of the coronavirus.
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Batteries Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global batteries market is expected to grow from $91.8 billion in 2019 to $93.3 billion in 2020 at a compound annual growth rate (CAGR) of 1.7%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12% from 2021 and reach $125.5 billion in 2023.
The report covers the Batteries market’s segments-
1) By Type: Secondary Batteries, Primary Batteries.
2) By Application: Automotive Batteries, Industrial Batteries, Portable Batteries, Power Tools Batteries, SLI Batteries, Others.
3) By Sales Channel: OEM, Aftermarket.
4) By Mode: Online, Offline.
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