The global start-stop battery market is expected to exhibit a CAGR of 21.8 percent over the forecast period, according to a new market research report Global Start-stop Battery Market Report, 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.
Stringent regulations regarding gas emission is a key factor driving growth of the global start-stop battery market over the forecast period. As the start-stop technology helps to reduce the vehicle’s fuel consumption and emission, by reducing the idling time of engine. Governments of various countries are focusing on stringent regulations to reduce the carbon footprint and enhance the efficiency of vehicles. For instance, Corporate Average Fuel Economy (CAFE) Standards in the U.S. is propagating adoption of energy-efficient automotive by formulating regulations for reduction of petroleum consumption. It is also focused on reducing greenhouse emissions and promoting development of innovative technologies to increase reliance on renewable and conservation of energy sources. The European Union has its own set of emission standards for all new vehicles. According to EU Regulation No 443/2009, an average CO2 emission for new passenger cars is 130 grams per kilometer and is expected to reach a target of 95 grams per kilometer from 2021. The EU set an emissions target of 147 gram per kilometer from 2020 for light commercial vehicle target. This in turn, is expected to increases the demand for start-stop technology, which in turn, is expected to accelerate growth of the global start stop battery market globally.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 300 market data tables* and 50 figures* on "Start stop battery Market” - Global forecast to 2025.
Key Takeaways of the Market:
Joining thousands of companies around the world committed to making the Excellent Business Solutions.