Battery Procurement Research – Market Trends and Spend Analysis by SpendEdge
22 Februar 2018 - 9:15PM
Business Wire
Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Battery Market Procurement
Research Report.’ The insights and data in this report provide
a strategic analysis of the supply markets, factors influencing
purchasing decisions, procurement best practices, pricing models,
supplier landscape, and an analysis of the supplier capability
matrix for the components and spares industry. This report
breaks down the data and analysis behind the procurement of
batteries and acts as an all-inclusive guide for making smart
purchasing decisions.
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Global Battery Procurement Market
Intelligence Report (Photo: Business Wire)
“The growing demand for batteries can be attributed to their
wide usage in end-use industries such as electric vehicle, mining,
telecommunications, and consumer electronics,” says SpendEdge
procurement analyst Tridib Bora. “Also, Li-ion batteries are
extensively used in the consumer electronics market as energy
storage systems to power electronic devices,” added Tridib.
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Procurement analysts at SpendEdge highlight the following top
three market trends that are contributing to the growth of the
Global Battery Market:
- Adoption of wearable devices
- Rising adoption of battery-operated
forklifts
- Focus on recycling of batteries
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time only: View the report snapshot before
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Adoption of wearable devices:
The global wearable device industry is growingly rapidly due to
the rise in adoption of wearable devices such as smartwatches,
fitness bands, smart shoes, and smart jewelry. The increase in
adoption of such devices is expected to contribute to the growth of
the global battery market, as rechargeable batteries are used to
power these wearable devices. Moreover, the increasing adoption of
the wearable device by end-consumers will lead to increased
production by buyers. This would, in turn, increase the requirement
for batteries, leading to bulk procurement by buyers.
Rising adoption of battery-operated forklifts:
Forklifts are used to lift and move materials within short
distances in various sectors. Companies across the globe are
increasingly adopting battery-operated and fuel cell-powered
forklifts due to the growing focus on fuel efficiency and laws and
regulations associated with emissions. There is a higher preference
for the adoption of battery-operated forklifts due to their
eco-friendly nature, high efficiency, and low cost of
operations.
Focus on recycling of batteries:
Suppliers in this market space are increasingly focusing on
recycling batteries, as the improper disposal of batteries can lead
to health and environmental hazards. Also, several non-profit
organizations across the globe are working towards establishing
battery sorting business. Moreover, the increase in focus has led
to the efficient management of waste batteries. The global battery
recycling market is expected to grow over the forecast period owing
to the increasing support from governments and environmental
institutions.
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