The global start-stop battery market is expected to post a CAGR of over 20% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the strict auto emission regulations. In 2016, more than a quarter of the US GHG emission resulted from the transportation sector. Hence, in countries such as the US, the Environment Protection Agency and the National Highway Traffic Safety Administration have collectively developed regulations to contain GHG emissions and improvise the fuel economy of passenger cars and trucks with the objective of increasing fuel savings, a cleaner environment, and reduce oil import.
This market research report on the global start-stop battery market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the declining lithium-ion battery prices as one of the key emerging trends in the global start-stop battery market:
Global start-stop battery market: Declining lithium-ion battery prices
One of the most widely used batteries for start-stop technology is the Lithium-ion batteries. Lithium is a light metal, which possesses good electrochemical potential when compared with other battery technologies owing to its high energy density. Lithium reserves exist in Asia, Africa, Australia, North America, and South America. However, a high concentration of reserves is in South America, which accounts for approximately two-thirds of the worlds reserves.
Majority of the EVs rely on lithium-ion battery technology for start, light, and ignition application. These batteries are dependent on metals such as lithium and a mix of cobalt, manganese, nickel, and graphite. Some of these metals are difficult to source. Thus, to overcome this issue, manufacturers have identified alternate sources of materials for battery production, says a senior analyst at Technavio for research on energy storage.
Global start-stop battery market: Segmentation analysis
This market research report segments the global start-stop battery market by technology (lead-acid battery and lithium-ion battery), application (EVs and automotive), and geographical regions (APAC, EMEA, and the Americas).
The lead-acid battery segment held the largest market share in 2017, accounting for over 64% of the market. This technology segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of 63%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by 15%.
Looking for more information on this market? Request a free sample report
Technavios sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavios report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at [email protected].
Media & Marketing Executive
+1 844 364 1100
UK: +44 203 893 3200