Press release
Automotive Battery Plate Market Share, Trends and Industry Research Report, 2017 - 2024: Global Market Insights Inc.
SUV is a combination of car, power and functionality of utility vehicle, it offers more space, comfortable seats and attractive appearance. Diverse features and various characteristics drives the demand for SUV in the automobile sector.
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High adoption rate of electric vehicles in several countries is accelerating the demand for automotive battery plate industry. Rising environmental concerns is spurring the demand for plug-in hybrid electric vehicles and electric vehicles in many regions to reduce the carbon footprint. Rising production of electric powertrains across the world will strengthen the industry position.
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.
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.
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.
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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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.
Players of the automotive battery plate market are Everlite, Exide technologies, Amtek Batteries, V.B. Corporation, ElectriPlast Corp., and NIPPON DENSO.
Automotive Battery Plate Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, France, UK, Italy, Russia, China, Japan, India, Thailand, Indonesia, Malaysia, Australia, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
https://www.gminsights.com/industry-analysis/automotive-battery-plate-market
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https://www.gminsights.com/industry-analysis/electric-motorcycles-and-scooters-market
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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