Press release
Global Automotive Battery Plate Market to grow significantly | 2018 Key Players are Everlite, Exide technologies, Amtek Batteries, V.B. Corporation, ElectriPlast Corp., NIPPON DENSO
Automotive Battery Plate Market
Automotive Battery Plate Market to witness significant growth owing to global demand from increasing integration of electronics in automobiles. Increasing investments in battery cell production to minimize fuel consumption and increase its life span may enhance the automotive battery plate market. For instance, Nissan and Tesla are heavily investing to upgrade the product. These research activities will enhance the performance, and ensure compact, lightweight, and cost-efficient model.
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Lithium ion is the most widely used chemical in the existing products. The plates immersed in acids reacts and generates electricity. Over a time period the battery loses water and leads to warpage of the plates. When the driver starts engine, heavy power demand may cause the warped plates to spark thereby leading to automobile explosion. The National Highway Traffic Safety Administration (NHTSA) observed many injuries due to several similar explosions. The related accidents may hamper the automotive battery plate market growth rate.
Technological advancements may enhance the technical specifications of the battery plate used in automobiles to offer light weight model, low cost, and long sustainability in chemicals. For instance, ElectriPlast bi-polar plate will serve the purpose of high performance, cost efficiency, and efficacy. The added features include high temperature stand loss, capacity at rate, and life cycle. Servo mount and carbon fibre battery plate offer improved specifications. These enhanced features of the product may spur the demand for automotive battery plate market globally.
Top Key Players:-
The key players of global Automotive Battery Plate Market are Everlite, Exide technologies, Amtek Batteries, V.B. Corporation, ElectriPlast Corp., and NIPPON DENSO.
Regional Segmentations:-
Asia Pacific is the largest auto industry in the world. In China, the industry growth is attributed to its huge population coupled with rising per capita income for personal transportation that cannot be met using traditional technologies. The vehicle production is expected to grow over 40 million by 2025. China holds the largest automotive battery plate market owing to increasing adoption rate for electric vehicles and hybrid electric vehicles. In 2016, over 500,000 were sold in China which indicates 53% increase from the previous year.
In 2016, 222,000 electric vehicles were sold in Europe and over 157,000 EVs and PHEVs in the U.S., a 36% rise from prior year. Auto penetration in Europe is expected to grow in the projected time frame.
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Product problems encountered can be kept at minimal if a correct product in right condition is used for right purpose. Necessary standards are to be maintained by the manufacturers to supply the products to automobile vendors and dealers for aftermarket. CCA readings are measured as per number of international standards such as EN, DIN, SAE, and IEC. In EN 50342 standard two requirements are EN1 & EN2 indicating conductance testers are calibrated. Safety concerns taken into consideration may give growth opportunity for the automotive battery plate market size.
The product is used with batteries such as lithium ion, solid state, Nickel cadmium, nickel metal hydride, aluminum ion, lithium sulfur, and metal air. Lithium ion is majorly used in electric vehicles and estimated to remain dominant during the projected time frame. Solid state provides advantages such as flame resistance, extended lifetime, less need for expensive & bulky cooling, and operate in high temperatures. Automobile manufacturers such as Volkswagen and Toyota are focusing on solid state products to power their electric cars.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
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