Technavio, a tech-focused market research firm, has published a new report on the global start-stop battery market, which is expected to grow at a CAGR of close to 21% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global start-stop battery market into the following key regions: APAC, EMEA, and the Americas.
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Start-stop battery market in APAC: The increasing demand for electric vehicles (EVs) and hybrid electric vehicles (HEVs) in the APAC market will lead to the growth of this region during the forecast period. Various local and international start-stop battery vendors are entering the APAC market to meet the increasing requirement from the automotive industry. The extensive use of start-stop technology enables fuel efficiency and cost savings in various vehicles and helps in reducing the carbon footprint in the region.
According to Thanikachalam Chandrasekaran, a lead analyst at Technavio, specializing in research on energy storage, “Countries like China, Japan, South Korea, and Taiwan will emerge as the key revenue generators in the APAC market. The availability of large producers that offer lead-acid and lithium-ion batteries at lower prices will help in the growth of the market in this region. Furthermore, the growing disposable incomes and shifting consumer preferences will increase the demand for start-stop batteries in the region over the next four years.”
Start-stop battery market in EMEA: The implementation of stringent GHG emission targets by government agencies across the EMEA market is driving market growth in this region. The initiatives undertaken by these regulatory bodies to reduce carbon footprint will boost the sales of fuel-efficient cars with start-stop systems. Germany, Russia, France, Spain, Belgium, and the Netherlands are projected to sell the highest number of passenger cars and drive the demand for start-stop lead-acid batteries in EMEA during the forecast period.
Start-stop battery market in the Americas: The rising demand for luxury cars and SUVs in the Americas will help in the development of the start-stop battery market in the region. The US, Brazil, Canada, Mexico, Argentina, Colombia, and Chile are predicted to be the highest revenue generators in the American market during the forecast period. Growing concerns regarding fossil fuels and other environmental issues will fuel the adoption of start-stop batteries in the automotive industry in the Americas.
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The top vendors operating in the global start-stop battery market are:
- A123 Systems
- Energy Power Systems
- Exide Technologies
- GS Yuasa
- Johnson Controls
Other prominent vendors in the market include ATLASBX, Duracell, East Penn Manufacturing, Energizer, Leoch Battery, PowerGenix, and SAFT.
A more detailed analysis is available in the Technavio report titled, ‘Global Start-stop Battery Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Electric Vehicle Battery Thermal Management System Market 2017-2021
- Global Battery Monitoring Solutions Market 2016-2020
- Global Advanced Energy Storage Systems Market 2016-2020
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