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
- Report code : CMI211724 |
- Industry :
Automotive and Transportation
- Published On : Jun 2018 |
- Pages : 300 Pages |
- Format :
Global Start-stop Battery Market - Insights
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. 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.
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.
Figure. Global Start-stop battery Market Share, by Region, 2017, US$ Million.
Source: Coherent Market Insights (2018)
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.
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.
Start-stop battery is an advanced battery that provides the starting power as a traditional automotive battery with the cyclic capacity. The global start-stop battery market is expected 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. Increasing investment on production of start-stop battery by various market players is accelerating growth of the market. For instance, in 2015, the Johnson Controls announced plans to invest US$ 555 million to expand AGM battery production in the U.S., Germany, and China.
Market Dynamics
The Europe start-stop battery market generated revenue of US$ 1.98 billion in 2017 and is expected to reach US 9.5 billion by 2025, exhibiting a CAGR of 21.5% over the forecast period. Germany, France, and U.K. are major growth engines for the market in this region. The increasing sales of automotive vehicles Europe is one of the major factors driving growth of the market in this region. According to International Organization of Motor Vehicle Manufacturers, the sales or new registration of automotive vehicles in Europe was 20.9 million units in 2017, which was an increase from 20.1 million units recorded in 2016. Increasing adoption of automotive vehicles in turn, is increasing the demand for start-stop batteries to lower energy consumption and emissions by vehicles. Thus boosting growth of the start-stop battery market in European countries. Increasing regulations to reduce carbon emissions also plays a key role for growth of the market in this region. According to European Union legislation, the average emissions level of a new car sold in 2017 was 118.5 grams of CO2 per kilometer, with a target to reach 95 grams of CO2 per kilometer by 2021.
Key features of the study:
- This report provides in-depth analysis of start-stop battery market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2018– 2025), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global start-stop battery market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, start-stop battery market capital, key developments, strategies, and future plans
- Companies covered as part of this study 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.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global start-stop battery market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global start-stop battery market
Detailed Segmentation:
- Global Start-stop battery Market, By Battery Type:
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- Lead-acid Battery
- Global Start-stop battery Market, By Application
- Conventional Vehicle
- Electric Vehicle
- Global Start-stop battery Market, By Geography:
- North America
- By Battery Type
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- By Application
- Conventional Vehicle
- Electric Vehicle
- By Country:
- U.S.
- Canada
- Europe
- By Battery Type
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- By Application
- Conventional Vehicle
- Electric Vehicle
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Battery Type
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- By Application
- Conventional Vehicle
- Electric Vehicle
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Battery Type
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- By Application
- Conventional Vehicle
- Electric Vehicle
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Battery Type
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- By Application
- Conventional Vehicle
- Electric Vehicle
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Battery Type
- Lead-acid Battery
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- By Application
- Conventional Vehicle
- Electric Vehicle
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- A123 System LLC
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- ATLASBX Co., Ltd
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- East Penn Manufacturing
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- Exide Technologies
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- GS Yuasa International Ltd.
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- Johnson Controls
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- Leoch Battery, Inc.
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- Panasonic Corporation
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- Saft America, Inc.
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
- Tianneng Power International Co., Ltd.
- Company Overview
- Product Portfolio
- Key Strategies
- Recent Developments/ Updates
Table of Contents
- Research Objectives and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Battery Type
- Market Snippet By Application
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trends
- Value Chain Analysis
- Merger and Acquisitions
- New Product Approvals/Launch
- Porter’s Analysis
- PEST Analysis
- Market Dynamics
- Global Start Stop Battery Market, By Battery Type, 2015 – 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Segment Trends
- Lead-acid Battery
- Introduction
- Market Size and Forecast, 2017 - 2025, (US$ Million)
- Sub Segment
- Absorbent Glass Mat
- Enhanced Flooded Battery
- Lithium-ion Battery
- Introduction
- Market Size and Forecast, 2017 - 2025, (US$ Million)
- Introduction
- Global Start Stop Battery Market, By Application, 2015 – 2025 (US$ Million)
- Introduction
- Market Share Analysis, 2017 and 2025 (%)
- Segment Trends
- Conventional Vehicle
- Introduction
- Market Size and Forecast, 2017 - 2025, (US$ Million)
- Electric Vehicle
- Introduction
- Market Size and Forecast, 2017 - 2025, (US$ Million)
- Introduction
- Global Start Stop Battery Market, By Geography, 2015 - 2025 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2017 and 2025 (%)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million & Thousands Units)
- Market Size and Forecast, By Application, 2017 - 2025 (US$ Million & Thousands Units)
- Market Share Analysis, By Country, 2017 and 2025 (%)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million & Thousands Units)
- Market Size and Forecast, By Application, 2017 - 2025 (US$ Million & Thousands Units)
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Germany
- U.K.
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million & Thousands Units)
- Market Size and Forecast, By Application, 2017 - 2025 (US$ Million & Thousands Units)
- Market Share Analysis, By Country, 2017 and 2025 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million & Thousands Units)
- Market Size and Forecast, By Application, 2017 - 2025 (US$ Million & Thousands Units)
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million & Thousands Units)
- Market Size and Forecast, By Application, 2017 - 2025 (US$ Million & Thousands Units)
- Market Share Analysis, By Country, 2017 and 2025 (%)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Battery Type, 2017 - 2025 (US$ Million & Thousands Units)
- Market Size and Forecast, By Application, 2017 - 2025 (US$ Million & Thousands Units)
- Market Share Analysis, By Country, 2017 and 2025 (%)
- Northern Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- A123 System LLC
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- ATLASBX Co., Ltd
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- East Penn Manufacturing
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Exide Technologies
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- GS Yuasa International Ltd.
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Johnson Controls
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Leoch Battery, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Panasonic Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Saft America, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Tianneng Power International Co., Ltd.
- Company Highlights
- Key Developments
- Product Portfolio
- Strategic Presence
- Analyst Views
- A123 System LLC
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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