Start-stop Battery Market By Battery Type (li-ion And Lead-acid) And Application (ev And Automotive) – Global Industry Analysis And Forecast To 2023
Industry Outlook and Trend Analysis
The Start-stop Battery Market was worth USD 3.43 billion in 2014 and is expected to reach approximately USD 20.10 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 21.73% during the forecast period. The expanding number of stringent discharge regulations will drive the development prospects for the worldwide begin stop battery market for the following years. With the end goal to avert the discharge of toxic gasses, for example, sulfur oxide (SOx), nitrogen oxide (NOx), hydrocarbons, particle matter (PM), and carbon monoxide, the auto controllers over the globe have been setting emission targets. For example, nations, for example, the US and China have likewise set goals to decrease their GHG discharges by 15%-20% by 2020. Countless worldwide are likewise finding a way to eliminate the measure of emissions delivered radically via automobile ventures. Moreover, with the expanding implementation of electric vehicle (EVs) and cross breed electric vehicle (HEVs), the usage of fossil fuels and power in transportation system is expanding.
Battery Type Outlook and Trend Analysis
The lead-acid battery section represented the most extreme share of the market amid 2016 and will keep on dominating the market in the expected years. One of the main factors in charge of the market section's development is the expanding interest for HEVs, SSVs, and EVs in developing nations, for example, China.
Application Outlook and Trend Analysis
The electric vehicles (EV) portion represented the most extreme share of the overall industry amid 2016 and will keep on dominating the market for the following couple of years. One of the main factors in charge of the market fragment's development is the expanding interest for begin stop batteries in applications, for example, HEVs and plug-in hybrid electric vehicles (PHEVs).
Regional Outlook and Trend Analysis
Geographically, APAC represented the most extreme share of the market amid 2016 and will keep on dominating the market until the finish of 2021. One of the major aspects in charge of the market's development in the locale is the expanding interest for batteries in creating nations, for example, China and India because of the high sales of EVs. Likewise, the developing interest for automotive vehicles in the area will extend the opportunities for growth for a few local and global start-stop battery merchants in the automotive division.
The leading players in the market are Duracell, PowerGenix, GS Yuasa, Saft Groupe S.A, A123 Systems, ATLASBX Co Ltd, Energizer, Energy Power Systems Australia, Johnson Controls and Exide. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Start-stop Battery Market is segmented as follows-
By Battery Type
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?