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Plastic Battery Containers Manufacturing Business

Plastic Battery Containers Manufacturing Business. Battery Storage Containers Production Automobile battery containers are used to carry the Batteries. A battery container made of molded plastic and preferably formed in a single unitary structure. Battery containers made of molded plastic generally have internal partitions formed as integral parts of the bottom and side walls of the container and extending all the way to the top edge of the container to prevent the leakage of liquid between adjacent cells. These containers are usually formed as unitary structures in a single molding operation, with a plurality of mold cores defining the internal cavities which form the partitions. The mold is usually gated at the center of the lower end of each partition-forming cavity and the parallel end walls of the container. Market Outlook Automotive battery is a battery that can be rechargeable and supply electric energy to automotive systems and automobiles. It is mainly known as 'rechargeable battery'. The purpose of automotive batteries is to start the system and supply power to the vehicles when electrical requirements exceed the supply from the charging. It is a voltage stabilizer for voltage spikes in electrical vehicle systems and supplies power for the lighting systems and electrical accessories when the engine is not operating. India automotive lead acid battery market is leading by two wheeler battery market, followed by four-wheelers and commercial battery market. The domestic sales of two wheelers in the country stood at more than 20 million units, which are expected to grow at a rapid pace over the next 5 years. India has witnessed a tremendous growth in per capita income thereby resulting in more disposable income in the hands of its citizens. As a result, there has been a sharp increase in the sales of automobiles, particularly of the two wheelers. India has the most number of young people in the world. This is expected to spur the growth of two wheeler lead acid batteries in the forecast period. Battery market in India is mainly driven by growth in power sector, surging transportation needs, increasing battery integration in consumer electronics and rising fuel saving initiatives. In India, several government measures such as promotion of solar power and clean fuel based automobile technologies are anticipated to propel demand for batteries in the country over the course of next five years. This is projected to buoy growth in the country’s battery industry in the coming years, as batteries form an integral part of operational telecom towers and associated infrastructure. Global Automotive Batteries Market Global demand for automotive batteries is forecast to rise 13% per year to $54.1 billion in 2022, expanding to 38% of total sales. Rising manufacturing and use of motor vehicles worldwide will spur sales growth. The HEV segment will more than quadruple in size as these vehicles increasingly penetrate global markets. Electric vehicles, which use more expensive batteries than hybrids, will post particularly strong growth, boosting overall market value. While falling prices for lithium-ion batteries (on a kWh basis) will be a major contributor to growth for HEVs, a shift toward batteries with higher capacities will boost prices on a unit basis and contribute to the expanding market size. On the basis of application automotive battery market can be broadly categories as: two/three wheeler’s battery, car and light van’s battery, heavy motor vehicle (HMV’s) batteries and electric or hybrid vehicle’s battery. The automotive batteries’ capacity is defined by size, numbers of plate and strength and volume of electrolyte. Some of the most commonly used battery current rating standards are cold cracking amperes (CCA), reserve capacity (RC), Amp-Hour (AH) and power (Watts). The major application of automotive battery includes automobiles such as cars, two wheelers, and commercial vehicles. There are various types’ automotive batteries like lead acid, lithium Ion, nickel cadmium, and others. Basically lead based batteries are used in conventional internal combustion vehicles, start-stop and basic micro hybrid vehicles for the purpose of start, lighting and ignition. Lithium Ion batteries are used in plug in hybrid vehicles and Battery Electric Vehicles (BEV). This growth in the battery market is primarily attributed to the increasingly growing demand for automobiles and stringent emission standards set by numerous government agencies. The growth is further set to be assisted by increasing environmental concerns on emissions from traditional automotive batteries and offering different advantages with the advanced technologies are used in present batteries. Factors such as increasing demand for transportation, rapid expansion in the automotive industry, large-scale availability of batteries in various sizes and specifications, stringent government initiatives for electric vehicles and growing consumer preference for pollution-free electric and hybrid vehicles are fuelling the market growth. However, fluctuating raw materials prices of nickel and lead are one of the major factors hampering the market growth. In the last few years, there has been a tremendous growth in the automotive sector. The growing focus of automobile manufacturers for innovations and technological advancements are predicted to enhance the growth of the global automotive battery market in the coming years. In addition to this, the increasing efforts being taken by governments, across the globe, to reduce the carbon emission and further develop eco-friendly products to accelerate the growth of the global automotive battery market in the next few years. The global market for automotive battery is highly competitive at present and is expected to witness a significant rise in the competitive environment of the market in the coming years. The key players are making ardent efforts to enhance their product portfolio, thus supporting the overall market growth in the near future. 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