Battery Market is valued at USD 102.1 billion in 2017 and is expected to grow at a CAGR of 7.8%.

Lead Acid Batteries are the most used batteries on the market due to their ability to provide high current at a relatively low price. Their usage is mostly in the automotive, lighting and construction industries, where uninterrupted power is key. The industry is valued at USD 50.2 Billion in 2017.

Lithium Ion batteries are the fastest growing batteries, with an industry value of USD 24.8 billion in 2017. They too, are used in the automotive industry, but are geared towards hybrid and electric cars, rather than traditional cars due to their higher charge cycle. Other industries that use this battery are the smartphone, camera, and power tool industry

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