Global Start-stop Battery Market 2018-2022
About this market
Majority of EVs rely on lithium- ion battery technology for start, light and ignition (SLI) application. These batteries are dependent on metals such as lithium and a mix of cobalt, manganese, nickel, and graphite. According to our industry experts, material sourcing for battery manufacturing has been difficult, to overcome such issues, manufactures like tesla identified alternate source of materials for battery production. Therefore, alternate materials such as LTO and LFP are gaining popularity, owning to the concerns regarding cobalt sourcing. Technavio’s market research analysts have predicted that the start-stop battery market will register a CAGR of more than 20% by 2022.
Strict auto emission regulations
The environment protection agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have collectively developed regulations to contain GHG emissions and improvise the fuel economy of passenger’s cars and trucks in the US with the objective of increasing fuel savings, a cleaner environment and reduce oil import.
Widening lithium demand- supply gap
Lithium- ion batteries were widely being used in laptops and smartphones. However, from the past few years, EV’s are giving a tough competition to those portable electronics in using lithium- ion batteries.
For the detailed list of factors that will drive and challenge the growth of the start-stop battery market during the 2018-2022, view our report.
The start-stop battery market is fragmented owing to the presence of several established and regional vendors. The strict auto emission regulation has provided a new growth opportunity among the vendors. This has also raised the level of competition in this fragmented market will further intensify in the coming years. This start-stop battery industry analysis report will help clients in identifying new growth opportunities and designing new growth strategies, in light of the competition available in this domain.
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