openPR Logo
Press release

Automotive Battery Industry - Know the Prominent Factors That Will Help in Reshaping the Market Growth | Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc

06-08-2023 04:08 AM CET | Logistics & Transport

Press release from: Global Insight Services

Global Automotive Battery Market report from Global Insight Services is the single authoritative source of intelligence on Automotive Battery Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Request Sample Report - https://www.globalinsightservices.com/request-sample/GIS21532

An automotive battery is a battery that supplies electrical energy to a motor vehicle. Also known as a car battery, it is typically composed of six galvanic cells in a plastic housing. Each cell produces about 2.1 volts for a total voltage of 12.6 volts. automotive batteries are usually lead-acid type, which uses lead and lead dioxide in the cells.

Key Trends

The automotive battery industry is undergoing a period of significant change. The traditional lead-acid battery is being increasingly displaced by newer technologies such as lithium-ion and nickel-metal-hydride.

The main reason for this shift is that lead-acid batteries are not well suited to the demands of modern cars. They are heavy, have a limited capacity, and are not very efficient. Lithium-ion and nickel-metal-hydride batteries are much lighter, can store more energy, and are more efficient.

The other major trend in automotive battery technology is the move away from traditional wet-cell batteries to newer dry-cell batteries. Wet-cell batteries are more prone to leaking and require more maintenance. Dry-cell batteries are sealed and require no maintenance.

The trend towards lighter, more efficient, and easier-to-maintain batteries is likely to continue in the coming years. This will help to make electric and hybrid cars more viable options for consumers.

Report Overview- https://www.globalinsightservices.com/reports/automotive-battery-market

Key Drivers

There are several key drivers of the automotive battery market.

Firstly, the increasing demand for electric vehicles is driving the need for batteries.

Secondly, the advancement of battery technology is enabling longer range and faster charging times for electric vehicles, making them more viable for consumers.

Finally, government incentives and regulations are encouraging the uptake of electric vehicles, which in turn is boosting the demand for automotive batteries.

Restraints & Challenges

The automotive battery market faces several restraints and challenges, which include the need for high initial investment, the lack of standardization, and the environmental concerns associated with lead-acid batteries.

The automotive battery market is highly capital intensive, as the batteries themselves are expensive to manufacture. In addition, the charging infrastructure required to support electric vehicles is also costly. The lack of standardization in the automotive battery market presents another challenge, as there is no single type of battery that is universally accepted by all automakers.

Get A Customized Scope to Match Your Need Ask an Expert - https://www.globalinsightservices.com/request-customization/GIS21532

This lack of standardization makes it difficult for consumers to compare and contrast different types of batteries, and makes it difficult for automakers to develop a common charging infrastructure.

Finally, the automotive battery market is also faced with environmental concerns associated with lead-acid batteries. Lead-acid batteries are the most common type of battery used in automotive applications, but they are also the most polluting.

Market Segments

The Automotive Battery Market is segmented by battery type, vehicle type and region. By battery type, the market is divided into lithium-ion based, lead-acid based and others. Based on vehicle type, it is bifurcated into passenger vehicles, electric vehicles and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Automotive Battery Market includes players such as Camel Group Co. Ltd., Douglas Battery, East Penn Manufacturing Co., Inc., Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc., THE FURUKAWA BATTERY CO., LTD., Zhejiang Haijiu Battery Co. Ltd, Zhejiang Narada Power Source Co. Ltd. and FIAMM S.p.A.

Buy Now - https://www.globalinsightservices.com/checkout/single_user/GIS21532

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Battery Industry - Know the Prominent Factors That Will Help in Reshaping the Market Growth | Exide Technologies, Fengfan Co. Ltd., Johnson Controls Inc here

News-ID: 3081232 • Views:

More Releases from Global Insight Services

Compounding Pharmacy Market to Hit $46.1 Billion by 2034, Expanding at 6.9% CAGR | Key Players: Fagron, B. Braun Melsungen, PharMEDium Services
Compounding Pharmacy Market to Hit $46.1 Billion by 2034, Expanding at 6.9% CAGR …
Market Overview Compounding Pharmacy Market is becoming an essential part of the global healthcare system, offering customized medications tailored to meet specific patient needs. Unlike mass-produced drugs, compounded medicines are created by pharmacists who adjust dosages, combine active ingredients, or design unique delivery methods. This approach addresses important gaps in healthcare, such as accommodating allergies to certain excipients, offering alternative drug forms for pediatric or geriatric patients, and providing treatments for
Digital PCR Market Size to Reach $37.1 Billion by 2034, Rising at 11.6% CAGR | Key Players: Bio-Rad Laboratories, Stilla Technologies, RainDance Technologies
Digital PCR Market Size to Reach $37.1 Billion by 2034, Rising at 11.6% CAGR | K …
Market Overview Digital PCR Market is emerging as a transformative force in molecular diagnostics, offering unparalleled precision in quantifying nucleic acids. Unlike traditional PCR methods, digital PCR provides higher sensitivity and accuracy, making it vital in fields such as oncology, infectious disease research, and forensic science. With its ability to detect rare mutations and monitor disease progression, digital PCR is paving the way for innovations in personalized medicine. The market includes
Carbon Footprint Management Market Expected to Grow from $13.8 Billion in 2024 to $103.4 Billion by 2034 at 22.3% CAGR
Carbon Footprint Management Market Expected to Grow from $13.8 Billion in 2024 t …
The Carbon Footprint Management Market is witnessing remarkable growth, reflecting the global shift toward sustainability and environmental responsibility. This market focuses on solutions, services, and technologies designed to measure, monitor, and reduce carbon emissions across multiple industries. It includes carbon accounting software, lifecycle assessment tools, consulting services, and advanced technologies like carbon capture and storage. Organizations increasingly rely on these solutions to meet regulatory compliance, achieve sustainability targets, and enhance
Breastfeeding Nutrition Market Expected to Grow from $50.9 Billion in 2024 to $117.4 Billion by 2034 at 8.7% CAGR | Overall Study Report
Breastfeeding Nutrition Market Expected to Grow from $50.9 Billion in 2024 to $1 …
The Breastfeeding Nutrition Market is witnessing remarkable growth, fueled by rising awareness of maternal and infant health worldwide. This market encompasses a diverse range of products, including infant formula, lactation supplements, breastfeeding accessories, and fortified foods, designed to enhance breast milk quality and maternal nutrition. With increasing emphasis on scientifically backed nutrition and natural ingredients, the market plays a crucial role in supporting the well-being of both mothers and infants.

All 5 Releases


More Releases for Battery

Thin Film Micro Battery Market, By Rechargeability (Primary Battery, Secondary B …
The thin film micro battery market is expected to witness market growth at a rate of 30.9% in the forecast period of 2022 to 2029. Data Bridge Market Research report on thin film micro battery market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the demand for the Internet of Things (IoT)
Deep Cycle Gel Battery Market 2022 Analysis by Top Leading Players | Trojan Batt …
The Deep Cycle Gel Battery Market report offers qualitative and quantitative insights as well as a thorough examination of the market size and expansion rate of all potential market segments. The report has been put together using primary and secondary research methodologies, which offer an exact and detailed understanding of the Deep Cycle Gel Battery market. The Deep Cycle Gel Battery Market is projected to succeed at a CAGR of
Global Power Energy Storage Battery Market 2019 - Lithium Ion Battery,All-vanadi …
Power Energy Storage Battery Market The Global Power Energy Storage Battery Market 2019 Research Report incorporates a total and careful investigation of Power Energy Storage Battery industry covering diverse perspectives like market volume, piece of the overall industry, advertise techniques, Power Energy Storage Battery development patterns, assortment of uses, use volume, request and supply examination, creation limit and Power Energy Storage Battery industry cost structures amid Forecast period from
Space Battery Market analysis report- with Leading players, Types Nickel-based B …
Space Battery Market The Space Battery Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. The report also analyzes the development proposals and the feasibility of new investments. The Space Battery Market report has been collated in order to provide guidance and direction to the companies and individuals interested in buying this
Global EV Battery Recycling Market : Nickel–Cadmium Battery, Nickel–Metal Hy …
The EV Battery Recycling Market Research Report consists of all the essential information in regards to the global market. This report presents an in-depth analysis of various industry factors, such as the market trends, dynamics, production, estimates, industry development drivers, size, share, investigation, supply, forecast trends, sales, industry demand, as well as several other factors. The Global EV Battery Recycling Market report has been generated leveraging a target amalgamation
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017 A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery