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Europe Automotive Start-Stop Battery Market Size
- Report ID: GMI4330
- Published Date: Nov 2022
- Report Format: PDF
Europe Automotive Start-Stop Battery Market Size
Europe Automotive Start-Stop Battery Market size exceeded USD 2.7 billion in 2023 and is projected to expand at CAGR of over 4.5% between 2024 and 2032.
Consistent expansion of the automotive sector of France, Germany, and Spain will drive the market growth. Europe has witnessed a surge in demand for passenger and light commercial vehicles supported by rising disposable income and substantial population growth. Several government initiatives and stringent emission norms are introduced in the region that emphasize the use of cleaner technologies in the automotive sector. Battery manufacturers are ramping up efforts to develop innovative systems pertaining to emissions reduction goals set by EU bodies.
The presence of strict rules regarding battery recycling could restrain the growth of the automotive start-stop battery market in Europe. In recent years, several government bodies across the region have deployed stringent codes and standards associated with lead acid battery (LAB) chemistry. Moreover, concerns regarding lead recycling are restricting product adoption. Even though waste LAB recycling rates in Europe are as high as 95%, these processes are expensive and energy intensive. Smelting waste LABs in a furnace is wasteful and emits large quantities of pollutants.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Europe Automotive Start-Stop Battery Market Size in 2023: | USD 2.7 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 4.5% |
| 2032 Value Projection: | USD 4.1 Billion |
| Historical Data for: | 2019 to 2023 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 465 |
| Segments covered: | Battery, Vehicle, End Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Europe Automotive Start-Stop Battery Market Scope
