The global Automotive battery Market value is projected to grow with CAGR of 8.5% during 2018 to 2023. The growth is primarily attributed to the increasing demand of automobiles and strict emission standards application by Auto OEMs. Government promotions for the adoption of alternative fuel vehicles to reduce dependence on oil are enhancing the use of electric powered vehicles by consumers. As automotive batteries are integral component of electric powered vehicles, this will further increase the demand of automotive batteries.
What is Automotive Battery?
Battery is device made of electrochemical cells that convert stored chemical energy to electrical energy and electrical energy to chemical energy. Automotive battery is a rechargeable electronic device that supplies electrical energy to automobiles. Traditionally, batteries are used for starting engines, powering cranking motors, interior circuits, external appliances and telematics in automobiles. These batteries are majorly employed in passenger vehicles, electric vehicles, commercial vehicles and among others
What are the major applications of Automotive Battery?
The major application of automotive battery includes automobiles such as cars, two wheelers, and commercial vehicles. There are various types' automotive batteries like lead acid, lithium Ion, nickel cadmium, and others. Basically lead based batteries are used in conventional internal combustion vehicles, start-stop and basic micro hybrid vehicles for the purpose of start, lighting and ignition. Lithium Ion batteries are used in plug in hybrid vehicles and Battery Electric Vehicles (BEV).
Market Research and Market Trends of Automotive battery
Researchers from universities have designed a thin plastic membrane which allows battery to be rapidly charge and in addition stops the discharging when battery is not is operation. According the researchers, this smart membrane technology will enable powerful batteries called as redox transistor batteries. The smart membrane was designed by combining polycarbonate filter with conductive polymer. In the long-term, other novel battery technologies such as zinc-air, lithium-sulphur, and lithium-air are anticipated to become competitive for use in electric vehicles, and can theoretically deliver higher energy densities than lithium-ion chemistries.
Performance of a battery in different temperature poses a significant challenge in wide adoption. It is difficult to engineer a battery which provides similar performance in both high and low temperature regions. Initially nickel-metal hydride batteries have been an important technical resource in the rise of hybrid and electric vehicles, their potential for further market penetration has been reduced currently given the increased performance and reduced cost of lithium-ion batteries.
Increasing Manufacturing Capacity: The increasing demand for Lithium Ion can be witnessed from across the OEM due to high energy density and increased power per mass battery unit, allowing the development of batteries with reduced weight and dimensions at competitive prices. Moreover with the increasing demand and economies of scale playing a huge role and players such as Tesla building manufacturing units which can produce 105 GWh of lithium.
The major players in the electric vehicle market like Panasonic, LG Chem, Samsung SDI, Lishen, CATL, Tesla, etc. are planning to increase the current production capacity and increasing investments for research and development.
Enhanced Flooded batteries are the new trend in automotive batteries. They are suitable for standard start-stop vehicles and feature a unique polyester scrim that holds the active material inside the plate. This reduces the loss of active material and results in higher cyclic stability than conventional starter batteries.
Who are the Major Players in Automotive Battery Market ?
The companies referred in the market research report include Exide technologies, Robert Bosch GmbH, Johnsons controls and more than 10 other companies.
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1. Automotive Battery - Market Overview
2. Executive Summary
3. Automotive Battery - Market Landscape
- 3.1. Market Share Analysis
- 3.2. Comparative Analysis
- 3.2.1. Product Benchmarking
- 3.2.2. End User Profiling
- 3.2.3. Patent Analysis
- 3.2.4. Top 5 Financials Analysis
4. Automotive Battery - Market Forces
- 4.1. Market Drivers
- 4.2. Market Constraints
- 4.3. Market Challenges
- 4.4. Attractiveness of the Automotive Battery Industry
- 4.4.1. Power of Suppliers
- 4.4.2. Power of Customers
- 4.4.3. Threat of New Entrants
- 4.4.4. Threat of Substitution
- 4.4.5. Degree of Competition
5. Automotive Battery Market - Strategic Analysis
- 5.1. Value Chain Analysis
- 5.2. Pricing Analysis
- 5.3. Opportunities Analysis
- 5.4. Suppliers/Distributors Analysis
6. Automotive Battery Market - By Battery Type:
- 6.1. Introduction
- 6.2. Lead Acid Batteries
- 6.3. Lithium Ion Batteries
- 6.4. Nickel Metal Hydride Batteries
- 6.5. Others
7. Automotive Battery - By Vehicle Type:
- 7.1. Introduction
- 7.2. Electric Bikes
- 7.3. Electric Cars
- 7.4. Hybrid Cars
- 7.5. Others
8. Automotive Battery Market- By Geography:
- 8.1. Introduction
- 8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
- 8.2.3. Mexico
- 8.2.4. Rest of North America
- 8.3. Europe
- 8.3.1. France
- 8.3.2. Germany
- 8.3.3. Italy
- 8.3.4. Spain
- 8.3.5. U.K
- 8.3.6. Rest of Europe
- 8.4. APAC
- 8.4.1. Australia
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Japan
- 8.4.5. Rest of APAC
- 8.5. ROW
- 8.5.1. Middle East & Africa
- 8.5.2. South America
9. Market Entropy
- 9.1. New Product Launches
- 9.2. M&As, Collaborations, JVs and Partnerships
10. Company Profiles
- 10.1. Exide Technologies, Inc.
- 10.2. Robert Bosch GmbH
- 10.3. Johnsons Controls, Inc.
- 10.4. Tesla Motors
- 10.5. Delphi Automotive LLP
- 10.6. Saft Groupe SA
- 10.7. A123 Systems
- 10.8. Automotive Energy Supply Corporation
- 10.9. Toshiba Corporation
- 10.10. Panasonic Corporation
More than 40 Companies are profiled in this Research Report, Complete List available on Request*
"*Financials would be provided on a best efforts basis for private companies"
- 11.1. Abbreviations
- 11.2. Sources
- 11.3. Research Methodology
- 11.4. Bibliography
- 11.5. Compilation of Expert Insights
- 11.6. Disclaimer