02-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Start Stop Battery Market By Technology (Lead-acid Battery, Lithium Battery, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2020–2026” states that the global Start-Stop Battery market in 2019 was approximately USD 3,700 million. The market is expected to grow at a CAGR of 22% and is anticipated to reach around USD 14,000 million by 2026.
Start-stop batteries are rechargeable car batteries that operate on a start-stop mechanism and turn off the engine automatically when the vehicle is halted, for example when the vehicle has stopped in traffic. When the car comes to a halt it automatically stops the engine and the battery just regulates all electrical systems and appliances including radio and air conditioning until the engine starts again. When the brakes are released, the engine gets started automatically by the auto start-stop battery within a split second. Automotive Start-Stop Battery thus helps to reduce fuel consumption and improve vehicle efficiency.
Browse the full “Start Stop Battery Market By Technology (Lead-acid Battery, Lithium Battery, and Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/start-stop-battery-market-by-technology-lead-acid-584
The growing number of strict discharge regulations is anticipated to push the development opportunities for the worldwide start-stop battery industry in the upcoming years. With the objective of avoiding the release of toxic gases, such as nitrogen oxide (NOx), hydrocarbons, particulate matter (PM), sulfur oxide (SOx), and carbon monoxide, auto controllers around the globe have established emissions standards.In addition, the application of start-stop technologies in several automotive vehicles is serving as a key driver of the start-stop battery industry. For instance, General Motors in 2016 announced that most of its vehicle models will be compatible with start-stop technologies by the end of 2020. But, safety issues related to battery usage, knowledge regarding installation and usage of the start-stop battery, along with improper infrastructure in developing and underdeveloped regions for electronic vehicles, may restrain the market growth in the coming years. Increased adoption and production of start-stop technology by automotive OEMs is anticipated to provide lucrative opportunities for the start-stop battery industry in the coming years. The rising demand for electric and hybrid vehicles, with the constituent battery being their power source, is also recognized as a substantial growth generator of start-stop batteries for automobiles. Moreover, due to the combination of the increasing price of crude oil prices and the demand for more energy-efficient vehicles, the global market for start-stop batteries is expected to grow with a steady CAGR during the forecast period.
The technology type segment consists of a lead-acid battery, lithium battery, and others. The lead-acid battery segment acquires the largest market share in terms of revenue in 2019. This technology segment is anticipated to dominate the global market throughout the forecast period. Low raw material costs, easy availability of lead and strong engineering expertise are some of the strategic factors favoring the growth of this segment.
Due to early adoption, North America and the European region have acquired major shares in the automotive start-stop battery industry. The Asia Pacific start-stop battery is anticipated to witness steady growth during the forecast period.Asia Pacific has held its dominance in the global start-stop battery industry and is expected to maintain its dominance throughout the forecast period. China, India, Japan are the leading countries that are contributing to the development of the start-stop battery market in this region
Some of the essential players operating in the start-stop battery market, but not restricted to include HankookAtlasBX Co. Ltd, Exide Technologies, A123 Systems LLC, GS Yuasa International Ltd, East Penn Manufacturing Company, Leoch International Technology Limited Inc, Johnson Controls, Panasonic Corporation, SaftGroupe SA, Duracell Inc, Tianneng Power International Ltd.
This report segments the start-stop battery market as follows:
Global Start Stop Battery Market: By Type Segmentation Analysis
- Lead-acid Battery
- Lithium Battery
Global Start Stop Battery Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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