Press release
Shifting preferences towards eco-efficient vehicles to promote Europe automotive start-stop battery market trends over 2019-2025 | Clarios, East Penn Manufacturing Co., Inc., Exide Technologies, Enersys
Rising vehicle emission levels are giving rise to several stringent air pollution policies, impelling Europe automotive start-stop battery market share. Consumer preferences are steadily evolving towards the adoption of fuel-efficient vehicles with lower environmental footprints. This factor, in tandem with persistent efforts to bring about the electrification and decarbonization on the European landscape, in turn will augment industry demand.
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Higher prevalence of advanced automobile technologies coupled with the mounting personal mobility solutions demand are likely to further expedite Europe automotive start-stop battery market expansion.
Start-stop batteries are used extensively in the development of automotive regenerative braking systems to enable optimized fuel consumption. Reduced raw material expenses, easy access to lead and robust knowledge of engineering are pivotal factors fostering the acceptance of lead-based devices.
The AGM segment is poised to accrue substantial gains given the product’s ability to facilitate exceptional cranking performance and operative security in rough weather conditions. Furthermore, escalating demand for premium vehicles coupled with the growing integration of added electrical and electronic equipment in the automobiles will support product acceptance.
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Meanwhile, the EFB (Enhanced Flooded Battery) segment is also set to gain strong momentum as a result of their advantageous features including improved deep cycle resistance and superior charge acceptance. Additionally, widespread acceptance of medium-range and compact automobile segments will propel the Europe automotive start-stop battery industry demand over the predicted period.
Intensifying focus on vehicle powertrain electrification and hybridization backed by persistent efforts towards cost-efficient automobile production will add significant impetus to the hybrid electric vehicle (HEV) start-stop battery market growth. Favorable government initiatives like subsidy schemes and tax benefits will encourage the use of hybrid vehicles asserting a positive influence on product demand.
Considering the end-use spectrum, start-stop battery industry from the passenger vehicle segment is projected to amass hefty proceeds, given the swelling implementation of start-stop technologies across numerous automotive platforms, as well as the vast popularity of PV in the motor vehicle sector. Strong government support and consistent R&D initiatives pertaining to the development of eco-friendly automobiles will favor industry growth over the estimated timeline.
The Europe automotive start-stop battery market size from Turkey is set to witness considerable growth over the forecast timeframe as a result of robust growth of the macro-economic landscape in addition to increasing household incomes in the region. Regional industry expansion is facilitated largely by the nation’s availability of inexpensive labor, high vehicle production and strong support towards automotive industry development.
Furthermore, the establishment of R&D facilities from prominent auto industry players like Ford, Fiat and Daimler has spurred the implementation of novel vehicle technologies which may positively influence Europe automotive start-stop battery market dynamics in years to come.
The industry is also augmented by the presence of eminent participants like Crown Battery, Exide Technologies, East Penn, Enersys, U.S Battery, FIAMM Energy, Banner Batter, NorthStar and Braille Battery, among others.
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Global Market Insights, Inc.
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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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