Automotive Storage Battery Market Scope
The car batteries during a vehicle are not judged by its size as it plays many major roles in running the vehicle smoothly. Functions like starting the car, providing power to the infotainment system, headlights. The running engine charges the battery within the car. Over the year after numerous cycles, the battery will eventually die and wishes to get replaced. Due to high demand of fossil fuels on the international markets together the aggravation of environment problems produced by an increased number of combustion engine vehicles, there is an increased interest within the research and development of batteries utilized in electric and hybrid vehicles. According to, transportation sector represents one of the main determinant factors of climatic changes, 23 % of the greenhouse gas from the atmosphere coming from this sector, being second in this classification after the industrial sector.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Bosch (Germany), Motorcraft (United States), AC Delco (United States), GS Yuasa (Japan), Exide Technologies (United States), Esan Battery (Turkey), Primearth EV Energy (Japan), A123 Systems (United States), Moll Batteries (Germany), BYD Co., Ltd. (China), East Penn Manufacturing Company (United States), EnerSys (United States), Exide Industries Ltd (India), Clarios (United Kingdom) and BorgWarner Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Storage Battery market throughout the predicted period.
Bosch (Germany), Motorcraft (United States), AC Delco (United States), GS Yuasa (Japan), Exide Technologies (United States), Esan Battery (Turkey), Primearth EV Energy (Japan), A123 Systems (United States), Moll Batteries (Germany), BYD Co., Ltd. (China), East Penn Manufacturing Company (United States), EnerSys (United States), Exide Industries Ltd (India), Clarios (United Kingdom) and BorgWarner Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Storage Battery market by Type , by Application (Passenger Cars, LCVs/HCVs and Electric Vehicles) and Region with country level break-up.
On the basis of geography, the market of Automotive Storage Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2022, EnerSys, a global leader in stored energy solutions for industrial applications, strengthens its manufacturer representation agreement with Industrial Battery & Charger, Inc. (IBCI) by granting exclusive sales and service rights for all EnerSys motive power products in the interim. I did. Tennessee Territory with a local office in Nashville. Effective immediately, the exclusive agreement includes the entire line of EnerSys NexSys and IRONCLAD batteries, as well as IMPAQ, NexSys+, and Express chargers. Headquartered in Charlotte, North Carolina, IBCI is the Southeast's largest supplier of synchronous and stationary power applications.
Influencing Trend:
Advancements in Battery Technologies Such As Microelectronic Battery Charger Controller and Rise in Demand for Electric Vehicles
Market Growth Drivers:
Increasing Reliance on Battery Storage and Increase in Use of Portable and Mobile Equipment
Challenges:
Concern Regarding Fire and Environmental Hazard
Restraints:
Concerns with Performance and Durability of Battery
Opportunities:
High Potential Demand for Battery Technologies in Emerging Markets Such As EV and Battery Energy Storage (BES)
Key Target Audience
Manufacturers of Automotive Storage Battery, Suppliers of Automotive Storage Battery, Wholesalers, Distributors and Retailers of Automotive Storage Battery, Automotive Industry, Regulatory Bodies and Others