Submitted by: Submitted by vasu123
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Category: Business and Industry
Date Submitted: 02/25/2016 09:41 PM
China Battery Market Size, Share, Trends, Company Profiles, Demand,
Insights, Analysis, Research, Report, Opportunities, Segmentation and
Forecast To 2014 – 2017
China Battery market is driven by the requirement from rising downstream segments which
include energy storage kit and electric vehicle. The Chinese battery market size is estimated to
grow at more than 8% over the forecast period. The chemical batteries majorly used in China
include lithium ion battery, lead-acid battery, nickel-metal hydride battery, and nickel-cadmium
battery.
Lithium ion batteries and lead-acid batteries are having steady requirement with large market
volume where as the remaining two are having less market expansion scope owing to the
performance, cost, and environmental issues of these batteries. The lead-acid battery production
was more than 200 million KVAh in 2013, rising more than 15.0% from the previous year.
Opinion was taken unanimously by the five ministries of China on the promotion of standard
development of Lead-acid battery and secondary lead market. They considered as significant one
along with rearward manufacture abilities be eradicated, and settled at eliminating outdated
capacities which failed the security of the environment. And also which doesn’t fulfil admittance
should be abolished by 2015. Hence, Lead-acid battery industry in China is going to be at a final
phase of consolidation over the forecast period.
For Further Inquiries: http://www.radiantinsights.com/research/china-battery-industryreport-2014-2017
Lithium battery consignment was over 4.760 billion units increasing by more than 18.5% every
year. The credit goes to it being free of heavy metal such as cadmium and lead, thus these
batteries are known as the green-product, and this is the reason different countries strongly
encourage the lithium battery and broadly used for equipment of energy storage and for the
electric automotives.
Nevertheless, in due course, the technical progress and decreasing price...