START-STOP BATTERY MARKET ANALYSIS | CMI

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START-STOP BATTERY MARKET ANALYSIS

• Start-stop Battery Market, By Battery Type
  (Lead-acid Battery and Lithium-ion Battery), By
  Lead-acid Battery Type (Absorbent Glass Mat and
  Enhanced Flooded Battery), By Application
  (Conventional Vehicle and Electric Vehicle), and
  by Geography - Global Forecast to 2025
• The global start-stop battery market is projected
  to exhibit a CAGR of 21.8 over the forecast
  period (2018-2025). In 2017, the global
  start-stop battery market generated revenue of
  US 6.05 billion and is expected to reach US 29
  billion by 2025.

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Market Drivers

• Start-stop technology helps reduce the idling
  time of engines, by automatically shutting down
  and restarting the internal combustion engine of
  the vehicle, thus reducing the fuel consumption
  and emissions. The integration of start-stop
  technology in various automotive vehicles is
  increasing, in turn, posing as a major factor
  driving growth of the Start-Stop Battery Market.
  For instance, in 2016, General Motors announced
  that most of its vehicle models will be
  integrated with engine start-stop technology by
  2020.
• Increasing demand for start-stop technology by
  automotive manufacturers to reduce the CO2
  emission to meet government standards of
  emissions is also accelerating growth of the
  start-stop technology. Rampant integration of new
  technologies to enhance fuel-efficiency of
  start-stop technology is further boosting growth
  of the start-stop battery market. For instance,
  in 2015, General Motors announced the integration
  of ultra-capacitor based voltage stabilization as
  part of the enhanced start stop system. This
  helped to reduce the fuel consumption, improve
  performance, and reduce harmful emissions.

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• Growing adoption of electric vehicles is boosting
  growth of the start-stop battery market
• Among applications, the electric vehicles segment
  held a dominant position in 2017 and is expected
  to retain its dominance throughout the forecast
  period. In 2017, the electric vehicle segment
  generated revenue of US 4.2 billion, exhibiting
  a CAGR of 20.6 over the forecast period to reach
  US 18.8 billion by 2025. Increasing adoption of
  electric vehicles is one of the major factors
  driving growth of the segment. For instance,
  according to International Energy Agency, the
  global sales of new electric cars surpassed 1
  million units in 2017, which was 56 percent sales
  growth of new electric car as compared to that in
  2016. China held the largest market share of
  sales of electric cars in 2017.
• Furthermore, increasing sales of electric busses
  and two wheelers have also increased the demand
  for start-stop technology, which in turn is
  fueling growth of the start-stop battery market.
  According to International Energy Agency, in
  2017, the global sales of electric buses was
  100,000 and electric two wheelers were 30
  million.

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Figure. Global Start-stop battery Market Share,
by Region, 2017, US Million.
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• Asia Pacific held the dominant position in
  Start-stop battery market in 2017
• Asia Pacific held the dominant position in the
  global start-stop battery market and is projected
  to retain its dominance throughout the forecast
  period. India, China, Japan are major growth
  engines for the start-stop battery market in this
  region. In 2017, the Asia Pacific start-stop
  battery market generated revenue of US 2.3
  billion. The market is expected to reach US 11.9
  billion by 2025, exhibiting a CAGR of 22.7 over
  the forecast period. The increasing sales of
  automotive vehicles in Asia Pacific countries
  become one of the major driving factor for the
  growth of the market in this region. According to
  International Organization of Motor Vehicle
  Manufacturers, in 2017, the sales of automotive
  vehicle was 29.1 million units up from 28.0
  million units in 2016. Similarly, the sales of
  new vehicles in India and Japan was 4.0 million
  units and 5.2 million units in 2017. Hence, this
  increasing sales of automotive vehicles have
  increased the installation of start stop
  technology which parallel fuels the market of
  start-stop battery in this region.

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Key Players- Global Start-stop Battery Market

• Major players operating in the global start-stop
  battery market include A123 System LLC, ATLASBX
  Co., Ltd, East Penn Manufacturing, Exide
  Technologies, GS Yuasa International Ltd.,
  Johnson Controls, Leoch Battery, Inc., Panasonic
  Corporation, Saft America, Inc., and Tianneng
  Power International Co., Ltd.

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