Automotive Battery Market Size, Share, Trends, Global Analysis Report to 2031 – openPR | CarTailz

Car Battery Market 2022

Car Battery Market 2022

Added new study reports Automotive Battery Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2031 on PMR.

Introduction/summary of the report:

Automotive Battery Market segmented by battery technology for fuel cell-based automotive, nanotechnology-based lithium batteries with chemistry such as Lithium Ion, Nickel-Metal Hydride (Ni-MH), Nickel-Cadmium (Ni-Cd), Gasoline and Lead-Acid.

Car batteries are rechargeable batteries that provide electric power to cars, mainly for car SLI (Starting, Lighting and Ignition) systems. Car batteries also power car accessories such as radios, music players, air conditioners, windshield wipers and chargers.

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In addition, the battery also serves as a voltage stabilizer by absorbing abnormal transient voltages in the vehicle’s electrical system. Based on chemical composition, the automotive battery market is broadly classified into five distinct market segments: Lithium-Ion (Li-Ion), Nickel-Metal Hydride (Ni-MH), Nickel-Cadmium (Ni-Cd), Gasoline, and Lead-Acid.

Energy density per unit weight (Wh/kg) is highest for gasoline batteries, followed by Li-ion and Ni-MH batteries, and lowest for lead-acid batteries. Lead-acid batteries are an aging automotive battery technology. Because of their simple or sophisticated technology, coupled with fluctuating lead prices in recent years, much of the automotive battery research is focused on moving away from this technology.

Automotive batteries based on fuel cell technology are expected to gain wider acceptance in the global market, mainly due to their increased output efficiency and reduction in pollutant by-products. This is due to the fact that these batteries use harmless products such as oxygen and hydrogen as fuel and hence the acceptance of this technology by vehicle manufacturers is expected to propel the global automotive battery market.

Increasing research and development in battery technology for fuel cell-based automobiles and development of nanotechnology-based lithium batteries and government initiatives for electric vehicles around the world are some of the key drivers behind the automotive battery market, while the constantly fluctuating costs of raw materials such as nickel and lead provide the Industry faces major challenges.

key figures

Some of the key players in the automotive battery market are Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO. , LTD., Zhejiang Haijiu Battery Co. Ltd., Zhejiang Narada Power Source Co. Ltd., FIAMM SpA, Chaowei Power Holdings Ltd., Hitachi Ltd., Shandong Sacred Sun Power Sources Co. Ltd., GS Yuasa Corporation and Shandong Sacred Sun Power Sources Co.Ltd.

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Key points covered in the report

Based on application, the automotive battery market can be broadly classified into the following categories: batteries for two/three wheelers, batteries for cars and light trucks, batteries for heavy-duty vehicles (HMVs), and batteries for electric or hybrid vehicles. The capacity of car batteries is determined by the size, number of plates, strength and volume of the electrolyte.

Some of the most commonly used battery current standards are Cold Cracking Amps (CCA), Reserve Capacity (RC), Ah (Amp Hour), and Wattage (Watts).

Regional Outlook

The automotive battery market is expected to witness moderate but steady growth in the coming years. North America is the largest automotive battery market, followed by Europe and Asia-Pacific. The growth rate is highest in Asia-Pacific and is expected to be even higher during the forecast period.

This high growth rate is attributed to the rise of China as a global hub for the automotive industry and increasing demand for vehicles from some other Asian countries such as India, Indonesia, Malaysia, Thailand and the Philippines.

The increasing demand in these countries is attributed to the growing infrastructure and rising disposable income of the middle class. The Ni-MH segment is expected to experience the highest growth rate, followed by the lead-acid and lithium-ion segments.

Key regions assessed in this report are:

North America – USA, Canada
Europe – France, Germany, Italy, Spain and UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, others
Latin America – Argentina, Brazil, others

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Key questions answered in this report.

What will the market growth rate be in the future?
What are the key factors driving the global market?
Who are the key manufacturers in the market space?
What opportunities and risks do providers face in the global industry?
What is Sales, Revenue, and Price Analysis by Industrial Regions?

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This version was published on openPR.

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