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Automotive Battery Plate Market 2019-2025 Global Industry Demand Analysis
Automotive Battery Plate Market
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Increased automobile production is expected to boost the global automotive battery plate market. OEMs are engaged in expanding their manufacturing facilities in a region where the labor cost is cheap and easily available. Increasing sales of commercial vehicles will lead to industry growth.
What Information does this report contain?
Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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.
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.
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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.
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.
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Players of the automotive battery plate market are Everlite, Exide technologies, Amtek Batteries, V.B. Corporation, ElectriPlast Corp., and NIPPON DENSO.Automakers are focusing on mergers and acquisitions with the battery suppliers to reduce the losses caused by production delays. The suppliers are investing hugely in research activities to provide prominent features and gain competitive edge in the industry.
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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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