Automotive Battery Market Market to Record Sturdy Growth by 2020
Automotive batteries also provide power to automobile accessories such as radio, music players, air conditioners, wipers and charging plugs. Furthermore, the battery also serves as voltage stabilizer by absorbing abnormal transient voltages in vehicle electrical system. Based on the chemical composition the automotive battery market is broadly categorized in five different market segment, lithium ion (Li-ion), nickel–metal hydride (Ni-MH), nickel–cadmium (Ni-Cd), gasoline and lead-acid.
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