Automotive Start-Stop Battery Market size in Europe to exceed $3bn by 2026
Published Date: July 14, 2020 Authors: Ankit Gupta, Nikhil Paranjape
Europe Automotive Start-Stop Battery Market size is expected to surpass USD 3 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
The Europe automotive start-stop battery industry is anticipated to witness a substantial growth on account to rising demand for high battery capacity and adoption of hybrid electric vehicles. High storage capacity, and ease of installation are some of the prominent factors driving the market demand. In addition, capability of an automotive start-stop batteries to operate as a reliable energy solution across modern vehicle systems and its availability at competitive price are some of the key factors supplementing their market demand.
High performance and cost competitiveness is fueling the EFB battery industry growth
Enhanced flooded battery (EFB) is an improved variety of standard flooded cell battery technology. Electrolyte flooded batteries have high charging cycles and provide dual discharge performance that includes deep and partial discharge when compared to a traditional battery units. The EBF batteries are increasingly being utilized for automobile applications including EV vehicles on account to their improved performance over prevailing lead-acid batteries. In addition, cost competitiveness and ease of installation are some of the prominent features that will drive the installation of enhanced flooded automotive start-stop battery units over the forecasted period.
Stringent pollution reduction targets coupled with growing consumer awareness will increase the deployment of EFB batteries across automobile applications. In addition, the deployment of additional electronic equipment and systems across the small and medium sized vehicles has gained significant traction, thereby augmenting the Europe Automotive start-stop battery market outlook. However, the installation of these units will witness reduced demand in 2020 on account of market disruption and disturbed value chains due to the COVID-19 pandemic.
Browse key industry insights spread across 240 pages with 323 market data tables & 45 figures & charts from the report, “Europe Automotive Start-Stop Battery Market Statistics By Battery (AGM, EFB), By Vehicle (Conventional, HEV), By End Use (Passenger Vehicles, Light Commercial Vehicles) Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026”, in detail along with the table of contents:
Increasing adoption of advanced vehicle technologies set to drive Europe market size across conventional automobiles
Europe is one of the established leaders in automobile manufacturing & engineering and is the market pioneer in production and sales of automobiles. Rising investments toward research & development have facilitated the firms to develop innovative vehicle technologies for automotive start-stop battery to offset the future mobility needs. EU has one of the highest automobile adoption rates especially across the passenger vehicle sector. This will further augment the Europe Automotive start-stop battery market outlook. The advancement in technology across passenger vehicle market to comply with the new environmental mandates and standards have resulted in the hybridization engines. This will boost the demand for automotive start-stop battery units over the forecast timeframe.
Growing efforts to limit the vehicular pollution to boost the market demand across Turkey
The Turkey automobile market has witnessed a significant growth on account of high adoption rates of vehicles, which will fuel the start-stop system demand across the country. Significant challenges in the market which includes local air pollution, energy security and global warming has shifted the trend of the automobile sector toward the adoption of clean and low emission vehicle technologies. The automobile sector in Turkey is anticipated to grow owing to rising investments towards the development of prevailing and new vehicle production facilities, which will in turn boost the demand for automotive start-stop battery units.
Eminent market players operating across Europe automotive start-stop battery market include Clarios, East Penn Manufacturing Co.,Exide Technologies, Enersys, Leoch International Technology Limited, Crown Battery Manufacturing Company, GS Yuasa Corporation, Trojan Battery Company, Braille Battery, NorthStar Battery Company LLC Inc, amongst others. Ongoing technological advancements and strategic amalgamations are few major initiatives undertaken by the market players conducting business across the industry to sustain a competitive advantage over other participants.