DUBLIN--(BUSINESS WIRE)--The "Global Battery Category - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.
Procurement research report on the battery market provides procurement professionals with up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services. This report provides a detailed analysis of the supply market, procurement challenges, and procurement best practices which can help in planning and executing category management activities. It also focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Batteries are widely used for purposes such as energy storage, powering electronics, and as a source of power back-up in industries such as oil and gas, railways, mining, automotive, manufacturing, healthcare, education, retail, and pharmaceutical. They can also be coupled with devices such as inverters and solar panels and used to store electrical energy for later on-demand use.
According to procurement analysts, the use of electric power in vehicles is increasing due to the production of new hybrid and electric vehicles from OEMs across the globe. Also, government initiatives (such as subsidies for electric vehicles in countries such as the US, Japan, and China) undertaken for encouraging eco-friendly transportation due to growing awareness about environmental protection among people is driving the demand for batteries in vehicles. The global automotive industry is expected to grow steadily during 2018-2022 due to the rapid urbanization, increased per capita income, and rise in transportation activities in the world. This growth in the automotive industry and electric vehicle market is creating a demand for automotive batteries, which in turn is driving the global battery market.
One of the procurement best practices for buyers is to obtain assistance in selection of batteries. Buyers should engage with suppliers that can help in selecting the right battery that can fulfill their purpose.
Key Topics Covered:
Part 1: Category At A Glance
Part 2: Scope Of The Report
Part 3: Market Insights
Part 4: Supply Market Insights
Part 5: Pricing Insights
Part 6: Procurement Insights
Part 7: Top Five Suppliers
- General Electric
- Johnson Controls
For more information about this report visit https://www.researchandmarkets.com/research/xjrnbl/global_battery?w=4