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Automotive Start-Stop Battery Market size in Europe worth $4 Bn by 2032
- Published Date: November 28, 2022
Europe Automotive Start-Stop Battery Market size is set to surpass USD 4 billion by 2032, according to a new research report by Global Market Insights Inc.
Rising adoption of energy-efficient vehicle technologies will boost the deployment of automotive start-stop battery systems across Europe. Rapid penetration of next-generation technologies and innovations across the automotive sector is accelerating the demand for batteries with advanced electric reliability and charge-holding capacity. Due to growing concerns associated with automotive emissions, car makers are seeking energy-efficient systems to reduce their dependence on fossil fuels. According to data from the Environmental Protection Agency (EPA), a conventional passenger vehicle emits approximately 4.6 metric tons of carbon dioxide per year. Strict emissions norms will support the shift towards Idle start-stop technology on account of its ability to reduce emissions and fuel consumption by 4%-10%.
Emerging use of AGM batteries in ATVs & UTVs
The report estimates a surge in demand for absorbed glass mat (AGM) batteries owing to a myriad of advantages such as zero maintenance requirement, high power density, and ease of use. New R&D initiatives focusing on the advancement of energy storage systems are improving the performance and affordability of AGM batteries. These batteries are lighter than flooded lead-acid type, maintenance-free, and ensure greater electrical reliability. Vibration resistance, acid spillage resistance, and high-power needs in high-electrical demand motility and seasonal vehicles such as ATVs, UTVs, snowmobiles, and powersports vehicles will propel the adoption of AGM batteries.
Surge in hybrid EV sales to complement the industry outlook
Europe automotive start-stop battery market from the hybrid electric vehicles (HEVs) segment is predicted to grow at over 9% CAGR between 2023 and 2032. Hybrid EVs have come to prominence over the last couple of years on account of stringent emission norms introduced by the European government. Increasing focus on reversing the impacts of climate change and optimizing fuel consumption is driving consumer inclination toward energy-efficient mobility solutions. A notable rise in the number of policies and regulations should encourage people to purchase BEVs and HEVs. According to the European Automobile Manufacturers Association (ACEA), electric & hybrid vehicles accounted for 43% of sales of new cars in the EU in the third quarter of 2022.
Browse key industry insights spread across 250 pages with 433 market data tables & 32 figures & charts from the report, “Europe Automotive Start-Stop Battery Market Size By Battery (AGM, EFB), By Vehicle (Conventional, HEV), By End Use (PV, LCV), COVID- 19 Impact Analysis, Country Outlook, Price Trend, Application Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
High demand for last-mile deliveries to foster the deployment of LCVs
The light commercial vehicle segment in the Europe automotive start-stop battery market is projected to record sustainable growth during the forecast period. Expanding e-commerce and freight & logistics sectors are increasing the need for affordable and energy-efficient transportation solutions. Over the last few years, commercial businesses such as offices, tourism, and restaurants have undergone dynamic changes with new trends necessitating reliable supply chain management. Light commercial vehicles (LCVs) are therefore being deployed at a rapid rate as it plays a vital role in boosting the regional economy.
Robust automotive production to augment industry growth across France
Automotive start-stop battery market size in France is anticipated to witness more than 5% gains through 2032. The region holds the presence of renowned automotive companies which should offer lucrative scope for start-stop battery manufacturers. According to ACEA, automotive production in France crossed 1.3 million in 2021. Growing concerns associated with the environmental impact of fossil fuels and ambitious net zero targets will expedite EV deployment across France.
New product developments to accelerate industry expansion
Top companies operating in the automotive start-stop battery market in Europe are Clarios, East Penn Manufacturing Company, XS Power Batteries, Enersys, Crown Battery, Discover Battery, Trojan Battery Company, LLC, MOLL Batterien GmbH, Banner Batteries, FIAMM Energy Technology S.p.A., Leoch International Technology Limited, Yi?it Aku Corp., Mutlu Battery, NorthStar, Braille Battery, U.S. Battery, Accumulators Moura SA, GS Yuasa International Ltd., Erdil Aku, CS Battery, and Exide Technologies. These leaders are implementing strategic plans for the expansion of product portfolios.