Automotive Battery Market Revenue Predicted to Go Up by 2021
The new trend of providing latest vehicles with start–stop batteries will further boost the growth of the global market.
The new trend of providing latest vehicles with start–stop batteries will further boost the growth of the global market.
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Published By:Zion <strong>Market</strong> Research<br />
<strong>Au<strong>to</strong>motive</strong> <strong>Battery</strong> <strong>Market</strong>: Global Industry Size, Share and Trends<br />
Analysis and Forecast, 2015-<strong>2021</strong><br />
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<strong>Au<strong>to</strong>motive</strong> <strong>Battery</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research, the market research group announced the analysis report titled ‘<strong>Au<strong>to</strong>motive</strong><br />
<strong>Battery</strong> <strong>Market</strong>: Global Industry Size, Share and Trends Analysis and Forecast, 2015-<strong>2021</strong>’<br />
An au<strong>to</strong>motive battery is a battery that supplies electric energy <strong>to</strong> au<strong>to</strong>mobiles. It is also widely<br />
known as “rechargeable battery”. <strong>Au<strong>to</strong>motive</strong> batteries are mainly used for SLI (starting, lighting,<br />
and ignition) systems and their main purpose is <strong>to</strong> start the system. Apart from starting the engine,<br />
au<strong>to</strong>motive batteries supply the extra power required when the vehicle’s electrical requirements<br />
exceed the supply from the charging system. Moreover, it is a stabilizer that balances potentially<br />
damaging voltage spikes.<br />
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The global au<strong>to</strong>motive battery market is proving its dominance in the vehicle market owing <strong>to</strong> its<br />
increasing demand for batteries. These batteries serve numerous au<strong>to</strong>motive applications. Rising<br />
demand for hybrid, semi-hybrid and fully electric vehicles will the growth of au<strong>to</strong>motive vehicles<br />
market in a positive way in the near future. In addition, the new trend of providing latest vehicles<br />
with start–s<strong>to</strong>p batteries will further boost the growth of the global market. Owing <strong>to</strong> the<br />
developments in the au<strong>to</strong>motive batteries, the adoption rate of these batteries is increasing in
<strong>Au<strong>to</strong>motive</strong> <strong>Battery</strong> <strong>Market</strong><br />
passenger and commercial vehicles. All the above-mentioned fac<strong>to</strong>rs are setting up the market for<br />
electric vehicles, which in turn results in a growth of the global au<strong>to</strong>motive battery market.<br />
On the basis of battery type, the au<strong>to</strong>motive battery market is segmented as lead acid batteries,<br />
lithium ion batteries, nickel metal hybrid batteries, and others. Further, the market is segmented based<br />
on the vehicle type as electric bikes, hybrid cars, electric cars, and others. On the basis of application,<br />
the market can be segmented as two/three wheeler’s battery, car and light van’s battery, heavy mo<strong>to</strong>r<br />
vehicles’ battery, and others.<br />
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North America dominates the global market followed <strong>by</strong> Europe and Asia-Pacific. <strong>Au<strong>to</strong>motive</strong><br />
battery market is anticipated <strong>to</strong> witness moderate but steady growth in the near future. The highest<br />
growth rate is observed in Asia Pacific and is expected <strong>to</strong> rise in the coming years. China, on the<br />
other hand, ranks as the fastest growing au<strong>to</strong>motive battery market owing <strong>to</strong> the high demand for<br />
commercial and passenger vehicles in the region. In addition, the new trend of vehicles with latest<br />
features will be largely observed in Europe along with the U.S. and China. Increasing demands from<br />
other Asian countries such as India, Malaysia, Thailand, and the Philippines further impacts the<br />
global market growth in a positive way.
<strong>Au<strong>to</strong>motive</strong> <strong>Battery</strong> <strong>Market</strong><br />
Key players in the global au<strong>to</strong>motive battery market include East Penn Manufacturing Co., Inc.,<br />
Camel Group Co., Ltd., Exide Technologies, FIAMM S.p.A., Fengfan Co., Ltd., Douglas <strong>Battery</strong>,<br />
Zhejiang Narada Power Source Co. Ltd., Johnson Controls Inc., The Furukawa <strong>Battery</strong> Co., Ltd., and<br />
Shandong Sacred Sun Power Sources Co., Ltd., Some other major players in the market are Zhejiang<br />
Haijiu <strong>Battery</strong> Co., Ltd., Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power<br />
Sources Co., Ltd., and GS Yuasa Corporation.<br />
Global <strong>Au<strong>to</strong>motive</strong> <strong>Battery</strong> <strong>Market</strong> <strong>by</strong> Geographical Analysis: North America( U.S.), Europe(<br />
UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and<br />
Africa<br />
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<strong>Au<strong>to</strong>motive</strong> <strong>Battery</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT<br />
+49-322 210 92714 Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
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