According to the latest report by IMARC Group, titled, “Automotive Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global automotive battery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the automotive battery market?

The global automotive battery market size reached US$ 48 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 67 Billion by 2028, exhibiting a growth rate (CAGR) of 5.40% during 2023-2028.

What is automotive battery?

An automotive battery serves as a crucial component designed for powering the electrical systems in vehicles, playing a vital role in their functioning. Typically, it consists of a plastic case that houses a series of cells, with each cell containing positive and negative plates crafted from lead and lead oxide and submerged in an electrolyte solution comprising sulfuric acid and water. The automotive battery has the capacity to store and supply energy as required, assuring optimal performance of the vehicle’s electrical systems. It provides the essential power to initiate engine ignition, ensuring reliable starting. The automotive battery even acts as a stabilizer, mitigating voltage spikes and providing a steady flow of electricity to several components. Consequently, it finds extensive utilization across the globe.

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What are the growth prospects and trends in the automotive battery industry?

The automotive battery market is primarily driven by the inflating demand for electric vehicles (EVs) and the implementation of stringent emission regulations and supportive government policies. Additionally, the increasing advancements in battery technology for enhanced energy density and longer lifespan, coupled with the expanding electric charging infrastructure, are also positively influencing the market growth. Furthermore, the launch of financial incentives for EV purchasers and growing consumer awareness regarding the environmental advantages of EVs are acting as significant growth-inducing factors. Besides this, the decreasing costs of lithium-ion batteries and substantial investments in battery research and development (R&D) by manufacturers are further fueling the global market. Moreover,the escalating number of battery production facilities, the rising emphasis on renewable energy, and the elevating integration of batteries in energy storage systems will bolster the automotive battery market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Battery Type Insights:

• Lead Acid
• Lithium Ion
• Others

Vehicle Type Insights:

• Passenger Vehicles
• Commercial Vehicles
• Electric Vehicles
• BEV (Battery Electric Vehicles)
• PHEV (Plug-in Hybrid Electric Vehicles)
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

A123 Systems LLC
Contemporary Amperex Technology Co. Limited.
East Penn Manufacturing Company
Enersys
Exide Industries Limited
GS Yuasa International Ltd.
Hitachi Ltd.
LG Chem Ltd
Panasonic Holdings Corporation
Robert Bosch LLC
Samsung SDI Co. Ltd.

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If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

According to the latest report by IMARC Group, titled, “Brown Sugar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global brown sugar market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the brown sugar market?

The global brown sugar market size reached US$ 18.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

What is brown sugar?

Brown sugar refers to a sweetener utilized in culinary applications, derived by incorporating molasses, a residue from sugar refining, into white sugar. The molasses infusion imparts the characteristic brown hue and slightly adhesive consistency to brown sugar. The depth of color and intensity of flavor in brown sugar depend on the quantity of molasses added. With its delightful caramel-like taste, brown sugar is commonly employed in dessert recipes, sauces, glazes, and marinades. Compared to white sugar, brown sugar possesses higher moisture content, resulting in a softer and more clumpy texture that can influence the outcome of baked goods. Consequently, it is in widespread use across the globe.

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What are the growth prospects and trends in the brown sugar industry?

The brown sugar market is primarily driven by the increasing consumer preference for natural and unrefined sweeteners as a healthier alternative to artificial options. Moreover, the elevating awareness about the multiple benefits of brown sugar, such as minimal processing and improved retention of natural minerals and nutrients through the presence of molasses, is acting as another significant growth-inducing factor. Besides this, the emerging trend of home baking and cooking that has heightened the demand for specialty ingredients that impart a unique flavor and texture to culinary creations is also positively influencing the global market. Additionally, the growing health-consciousness among consumers that has contributed to the popularity of brown sugar, owing to its perceived advantages over white sugar and its slightly higher mineral content,is further stimulating the market growth. Apart from this, the expanding influence of global cuisines and their associated recipes, particularly in ethnic dishes that rely on the distinct flavor and color provided by brown sugar, is expected to propel the market in the coming years.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Light Brown
• Dark Brown

Breakup by Form:

• Powder
• Granules
• Others

Breakup by Distribution Channel:

• Hypermarkets and Supermarkets
• Convenience Stores
• Specialty Retailers
• Online Retailer
• Others

Breakup by Application:

• Bakery and Confectionery
• Beverages
• Dairy
• Others

Breakup by Region:

• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

American Crystal Sugar Company
American Sugar Refining Inc.
Cargill Incorporated
Imperial Sugar Company
Mehrotra Consumer Products Pvt. Ltd.
Nordzucker AG
Sudzucker AG
Sunshine Sugar
Taikoo Sugar Limited (Swire Pacific Limited)
Wholesome Sweeteners Inc. (Whole Earth Brands)

Ask Analyst for 10% Free Customized Report: https://www.imarcgroup.com/request?type=report&id=8013&flag=C

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group