Global Start-stop Battery Market 2017-2021
About Start-stop Battery
Start-stop batteries are rechargeable vehicle batteries that work on a start-stop mechanism, and automatically shut off the engine when the car is idle, for instance, when the car has stopped at a red light. It automatically stops the engine when the car comes to a halt, and the battery powers all the electrical systems and devices such as air conditioning and the radio until the engine starts again. It starts the engine within a fraction of a second when the driver releases the brake. The advanced battery management system then decouples the alternator to charge the battery. The brake recuperation converts brake energy into electrical energy, which further charges the battery.
Technavio’s analysts forecast the global start-stop battery market to grow at a CAGR of 20.87% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global start-stop battery market for 2017-2021. To calculate the market size, the report considers the revenue generated by the demand for batteries for start-stop systems by end-users in each region and their corresponding key countries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Start-stop Battery Market 2017-2021
Technavio recognizes the following companies as the key players in the global start-stop battery market: A123 Systems, Energy Power Systems, Exide Technologies, GS Yuasa, and Johnson Controls.
Other Prominent Vendors in the market are: ATLASBX, Duracell, East Penn Manufacturing, Energizer, Leoch Battery, PowerGenix, and SAFT.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is rising number of vendors and collaborations. Many new vendors are entering the market owing to the rapid growth in advanced energy storage installations. Battery manufacturers are raising funds from high-profile investors and collaborating with other companies to develop next-generation batteries. The start-stop technologies pose a serious threat to conventional battery technologies. With the growing adoption of start-stop systems, vendors are preparing business models that will increase efficiency and make the system more reliable.”
According to the report, one driver in market is increase in demand for EVs and HEVs. The greater use of EVs and HEVs has the potential to change the complete outlook of power and fossil fuel use in transportation. Currently, the EV and HEV sector is the largest end-user of start-stop batteries. The longer shelf life of these batteries has increased their demand in the EV and HEV industry. The implementation of eco-friendly technologies to reduce carbon emissions is also expected to increase the demand for HEVs and EVs worldwide. Targets related to emissions encourage EV and HEV manufacturers to invest in battery-operated vehicles. The US leads the EV market with 39% while Japan is the second-largest with 16%; in China, the third-largest EV market with 12%, the adoption of EVs is driven by the need to reduce the GHG emissions.
Further, the report states that one challenge in market is uncertainties associated with low crude oil prices. Global oil prices have witnessed steep declines in 2015 and 2016. The recent crash in crude prices, which saw the price fall from a high of $100 in mid-2014 to around $28 in early 2016, only reinforces the volatility in the crude market. The remarkable decline in oil prices is attributed to the systemic demand-supply imbalance in the global crude market. Moreover, this has made investing in alternate fuel vehicles less attractive. While natural gas still holds a significant price advantage over oil on a Btu basis, the continuous decline in prices might result in lower sales and deferred infrastructure investments. This will slow down the growth of the alternative fuel vehicle market, especially the EV market, thus adversely impacting the sales of start-stop batteries.
A123 Systems, Energy Power Systems, Exide Technologies, GS Yuasa, Johnson Controls, ATLASBX, Duracell, East Penn Manufacturing, Energizer, Leoch Battery, PowerGenix, SAFT.
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