Albany, New York, September 28, 2018: The legislation of numerous regulations in regards to automotive safety and the installation of TPMS batteries are a vital factor behind the rapid growth of the TPMS battery market. In addition, increasingly widespread adoption of advanced safety systems in automotive applications and rapidly growing production rates of vehicles worldwide are also expected to significantly boost the demand for TPMS batteries.
Revenue earned from the TPMS battery market are estimated to grow at a CAGR of 8.2% through 2026. These insights have been taken from the report titled “Global Market Study on TPMS Battery: Regulations Concerning Road Safety to Drive Revenue Growth” added recently to the massive repository of Market Research Reports Search Engine (MRRSE).
The CR type TPMS batteries are expected to dominate the market, particularly those of the lithium-ion type in the 350 mA capacity range. North America is expected to continue holding control over major market share during the forecast period. Sales by original equipment suppliers are expected to stay strong through both, online and offline channels. The fact that the entire TPMS has to be replaced if the battery dies, is expected to be a major constraining factor for the market.
Some of the prominent players in the TPMS battery market are Murata Manufacturing Co., Ltd., The Swatch Group (Renata SA), Guangzhou MaiSheng Energy Technology Co., Suzhou South Large Battery Co., Duracell, Inc., and Panasonic Corporation.
TPMS Battery Market: Report Overview
This detailed report gives readers the analysis & forecast on a regional and global level on the TPMS battery market, in terms of value (US$ Mn), and volume (Thousand Units) for the period of forecast 2018 to 2026. A complete assessment of essential market dynamics, along with details on the drivers, restraints, opportunities and trends that are crucial influencing factors on the demand for TPMS battery market have been studied thoroughly in the report.
An end-to-end value chain analysis on the TPMS battery market has been conducted, in order to help the readers better understand the competitive scenario among major market players. In addition, a market attractiveness analysis has been included to benchmark players on the terms of their market size, general attractiveness, and growth rate.
TPMS Battery Market: Research Methodology
Comprehensive primary and secondary research was used, for extracting authentic and relevant information on the TPMS battery market. This includes, face-to-face discussions and telephonic interviews with a number of eminent industry experts and opinion leaders to gain useful insight into the various business aspects such as market size, market trends, competitive scenarios, and growth rates. Primary research represents majority of the research efforts, which has been strongly validated with extensive secondary research.
Leading and new market players in the TPMS battery market have been scrutinized, and data sources such as press releases, annual reports, SEC filings, and investor presentations, and relevant databases have been studied completely for analysis on the market’s landscape. The research approach and methodologies employed here has been proven to be very accurate and efficient in gaining useful insights on the market data, understanding market players and recognizing previously untapped business opportunities for market players.
Browse Full Global TPMS Battery Market Report with TOC : https://www.mrrse.com/tpms-battery-market
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