Global Automotive Battery Market 2015-2019
About Automotive Battery
The type of batteries used in automobiles is rechargeable and is usually referred to SLI batteries. Batteries primarily supply electric energy to an automobile and helps in starting the motor and lights, and the ignition systems. Batteries used in automotive are mainly lead-acid batteries. While passenger vehicles are equipped with one battery, heavy duty vehicles, such as trucks and buses, which primarily run on diesel, may have two batteries to complete a 24 volt system. Lead-acid batteries are made up of plates of lead and a separate plate of lead dioxide. These plates are submerged into an electrolyte solution of about 38 percent sulfuric acid and 62 percent of water, which initiates a chemical reaction, eventually resulting into electricity production.
TechNavio's analysts forecast the Global Automotive Battery market to grow at a CAGR of 5.38 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Automotive Battery market for the period 2015-2019. The market size is accessed on the basis of number of SLI batteries that are used in passenger cars, LCV, HCV, and buses, while market value is calculated on the basis of aftermarket price of batteries.
TechNavio's report, the Global Automotive Battery Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the AAPC and EMEA regions; it also covers the Global Automotive Battery market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Automotive Battery Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Automotive Battery Market: Camel Group Co. Ltd., East Penn Manufacturing Co. Inc., Exide Technologies Inc., GS Yuasa Corp. and Johnson Controls Inc.
Other Prominent Vendors in the market are: Fengfan, Hitachi, Huawei, Shandong Sacred Sun Power Sources, The Furukawa Battery, Zhejiang Haijiu Battery and Zhejiang Narada Power Source.
Commenting on the report, an analyst from TechNavio’s team said: “The start-stop battery system has enabled better fuel efficiency and is one of the key trends being witnessed in this market. The start-stop system has become the best available solution to create efficiency and conserve energy in vehicles. The system reduces idling time by automatically starting and stopping the ICE in automobiles, which results in low fuel consumption and emissions.”
According to the report, an increase in the use of electronics and electrical components in the automotive sector, such as music systems, GPS devices, and ambient lighting, which are dependent on batteries, is propelling the growth of the Global Automotive Battery market.
Further, the report states that the demand for automotive components such as infotainment and ambient lighting that depend on batteries has increased. In addition, rising awareness about the environment has paved the way for hybrid and pure-play electric vehicles. Hybrid and pure-play electric vehicles use nickel-metal hydride and lithium-ion batteries. These batteries are establishing a foothold in the Global Hybrid Vehicle market, as they reduce environmental impact.
Camel Group , East Penn Manufacturing, Exide Technologies, GS Yuasa , Johnson Controls , Fengfan , Hitachi , Huawei , Shandong Sacred Sun Power Sources , The Furukawa Battery, Zhejiang Haijiu Battery , Zhejiang Narada Power Source
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