Press release
The Power to Stop: Exploring Opportunities in the Start-Stop Battery Market | Leoch Battery, Inc., Panasonic Corporation, Saft America, Inc.,
Retail Analytics helps retailers to analyze customer behavior and purchasing patterns by tracking their website visits and browsing history. It enables retailers to offer personalized recommendations and promotions.The global start-stop battery market is estimated to exhibit a CAGR of 21.8% over the forecast period.
Market Dynamics:
Rising need for personalized customer experience is a major factor driving growth of the retail analytics market. Retail analytics helps retailers to gain deep customer insights which help them provide a customized experience. It allows retailers to target customers with tailored recommendations, personalized discounts, and customized content. Additionally, increasing adoption of advanced technologies such as AI, machine learning and predictive analytics is also fueling market growth. These technologies help retailers to make accurate demand forecasts, optimize pricing decisions, enhance supply chain efficiencies and devise effective marketing strategies.
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Major Market Drivers for Retail Analytics Market
Increased Focus on Customer Retention and Personalization
With the increased competition in the retail industry, retailers are focusing more on customer retention by providing personalized shopping experience. Retail analytics helps retailers understand customer purchasing patterns, preferences and predict future purchases. This helps retailers provide better recommendations, targeted promotions and a customized shopping experience. By having insights into customer behavior, retailers can develop strong customer loyalty and improve retention rates.
Growing Emphasis on Omnichannel Retailing
Customers now research products online and make purchases both in-store and online. This has increased the need for omnichannel retailing where retailers provide a seamless shopping experience across all channels. Retail analytics assists retailers in gaining a unified view of customer transactions and behavior across channels. It helps track customers as they move from online to offline and vice-versa. This allows retailers to provide consistent personalized experiences, manage inventory across all channels and optimize supply chain.
Key Company Profiles:
Major players operating in the global start-stop battery market include A123 System LLC, ATLASBX Co., Ltd, East Penn Manufacturing, Exide Technologies, GS Yuasa International Ltd., Johnson Controls, Leoch Battery, Inc., Panasonic Corporation, Saft America, Inc.,
Key Region/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Increasing Vehicle Electrification Is Another Key Driver For Start-stop Battery Market Growth
Along with improving fuel efficiency, automakers are also investing heavily in vehicle electrification to reduce emissions from transportation sector. Hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) are growing rapidly in popularity. The batteries used in these electrified powertrains need to have high power capability as well as long lifespan to sustain frequent start-stop cycles. Moreover, with proliferation of mild-hybrid and micro-hybrid technologies, the mild-hybrid battery market is expected to witness strong growth. All these developments are fueling the demand for advanced start-stop batteries with excellent cranking ability and deep discharge recovery characteristics. Therefore, increasing focus on vehicle electrification represents a key driver for the growth of start-stop battery market over the coming years.
High Cost Of Start-Stop Batteries Acts As Major Market Restrain
Despite various advantages, the high initial cost of start-stop batteries is a major concern for widespread adoption, especially in cost-sensitive markets. Conventional lead-acid batteries cannot handle repeated engine start-stop cycles effectively. Special lithium-ion batteries or absorbed glass mat (AGM) batteries optimized for meeting automotive start-stop requirements are more expensive than standard lead-acid batteries. Their manufacturing also involves use of costly raw materials like lithium, cobalt, graphite etc. Moreover, frequent cycling reduces battery lifespan, requiring more frequent replacements. This increases the total cost of ownership. To tackle this restrain, battery manufacturers are trying to develop low-cost and durable battery solutions through continuous R&D and new battery chemistries. However, high battery prices remain a major adoption barrier in price-sensitive markets currently.
Growing Demand For Micro-hybrid Technologies Presents Lucrative Market Opportunity
While start-stop and mild-hybrid systems are witnessing fast growth in adoption, micro-hybrid technologies are also emerging as a promising avenue to improve fuel efficiency at low costs. Micro-hybrid systems utilize a smaller battery and electric motor/generator unit for engine stop-start without adding other hybrid functions. Their simple design makes them more affordable than mild or full hybrids. With rising fuel prices and stringent regulations, demand for inexpensive electrification solutions is increasing. This provides automakers an opportunity to deploy cost-effective micro-hybrid vehicles with small 12V batteries designed for frequent engine stops. It allows battery manufacturers to expand into a new growing market segment. Experts forecast the micro-hybrid market will grow at over 8% annually until 2027. This presents lucrative growth opportunity for start-stop battery manufacturers.
Adoption of 48V Micro-hybrid Architecture Is A Major Market Trend
Another prominent trend gaining momentum in passenger vehicle market is transition towards 48V electrical architecture for next-generation micro-hybrid systems and mild-hybrid vehicles. Compared to traditional 12V systems, 48V architecture provides higher voltage and power capabilities for advanced electrified functions while requiring smaller gauge wiring. It allows implementation of more efficient and powerful start-stop systems as well as other features like belt-driven starter generator, electric turbocharging etc. This helps further improve fuel efficiency. Leading automakers have already started offering 48V systems in new vehicles. For example, Volkswagen Group plans to equip over 30 models with 48V technology by 2025. Wider adoption of 48V will boost the demand for specialized 48
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Some of the Major Points of TOC cover:
Chapter 1: Techniques & Scope
1.1Definition and forecast parameters
1.2Methodology and forecast parameters
1.3 Information Sources
Chapter 2: Latest Trends Summary
2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends
Chapter 3: Industry Insights
3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape
Chapter 4: Start-stop Battery Market , By Region
Chapter 5: Company Profiles
5.1 Overview of the Company
5.2 Economic components
5.3 Product Overview
5.4 Analysis of Strengths and Weaknesses
5.5 Methodical Outlook
Chapter 6: Assumptions and Acronyms
Chapter 7: Research Methodology
Chapter 8: Contact (Continue . . .)
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About Coherent Market Insights
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