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Europe Automotive Start-Stop Battery Market Size

  • Report ID: GMI4330
  • Published Date: Nov 2022
  • Report Format: PDF

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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.

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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.

 

Europe Automotive Start-Stop Battery Market

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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.
 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of automotive start-stop battery in Europe crossed USD 2.7 billion in 2023 and is slated to record over 4.5% gains through 2032.

The EFB battery segment is poised to register more than 4% CAGR between 2023 and 2032 as they have fewer maintenance requirements and lower emissions.

The Germany market size accounted for around USD 500 million in 2022 driven by rising efforts to develop next-generation energy-efficient starter batteries.

Enersys, Discover Battery, Banner Batteries, Erdil Aku, Yi?it Aku Corp., Mutlu Battery, and CS Battery are some of the leading companies in the industry.

Europe Automotive Start-Stop Battery Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 21
  • Tables & Figures: 465
  • Countries covered: 18
  • Pages: 250
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