openPR Logo
Press release

Automotive Battery Market - Segment Analysis & Forecast 2017 - 2022

03-06-2018 06:56 AM CET | Associations & Organizations

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Automotive Battery Market - Segment Analysis & Forecast 2017 -

The global automotive battery market has been prognosticated in a report by Transparency Market Research (TMR) to come across changing landscapes that could increase the significance of the product in the coming years. Automotive battery could soon become an inevitable source to operate electric vehicles and hybrids as it has been conventionally used to power up their entire electrical framework and engine. OEMs and automobile manufacturers have been focusing on facilitating optimized power consumption when developing vehicle systems and components. This scenario has been expected to have taken effect in parallel to the introduction of automotive battery technologies that offer power-saving options and enable quick recharging.

TMR has forecast the global automotive battery market to be valued at a US$54.5 bn by the completion of 2022. The market could expand at a 5.7% CAGR during the forecast tenure 2017-2022. On the basis of chemical composition, small sealed lead acid (SSLA) has been anticipated to lead the market, taking cue from its more than 38.0% revenue share obtained in 2017. All through the end of the forecast tenure, Europe could maintain its position as a larger region while securing a valuation of US$15.1 bn by 2022.

Request Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1814

Demand for Fuel Efficiency and Strict Emission Norms Support Growth

Market analysts have already predicted the strong growth of SSLA automotive battery. However, lithium-ion (Li-ion) automotive battery could showcase a steady sales growth as more number of plug-in hybrid and electric vehicles are being produced in the recent time. OEMs have been encouraged to introduce new electric and hybrid models owing to the promise of attractive incentives and successful commercialization. The worldwide demand for fuel efficiency and strictness of emission norms has compelled OEMs to develop products that could fulfill future transportation requirements.

The inception of electric vehicles has caused a surge in the number of both OEMs and electric vehicle models. For instance, Mercedes Benz had planned to introduce a plug-in electric vehicle model in four months until the end of 2017. By 2018, Toyota has pledged to introduce an all-electric vehicle and a plug-in hybrid vehicle.

Get More Details @ https://www.transparencymarketresearch.com/automotive-battery-market.html

Safety Issues and Underdeveloped Support Infrastructure Fetter Demand

The demand for automotive battery has been prophesied to be negatively affected by the rise of safety issues associated with battery usage and availability of underdeveloped support infrastructure for electric vehicles. Moreover, the overflowing sales of mid-sized and compact vehicles compared to those of other types of vehicles has been making it difficult for automotive battery manufacturers to provide products at a correspondingly aggressive pace. However, manufacturers have been observed to complain less about producing automotive battery for mid-sized and compact vehicles. This could be because the manufacturing requires no additional cost and is relatively less complex.

Manufacturers could also explore regions that display increased trade activities and a high demand for automobiles and commercial aircrafts as these factors have been envisaged to up the growth of the international automotive battery market. Rapid technological, economic, and infrastructural development could be another factor expected to support the demand for automotive battery.

Get TOC of This Report @ https://www.transparencymarketresearch.com/report-toc/1814

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.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 Market - Segment Analysis & Forecast 2017 - 2022 here

News-ID: 965353 • Views:

More Releases from Transparency Market Research

Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 - Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth. Uncover essential discoveries and trends from
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Radiopharmaceuticals to Propel Market Expansion | Transparency Market Research, Inc
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth. Discover essential conclusions and data from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100 Analysts' Viewpoint The Technetium‐99m
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to US$ 280 Million by 2030, Driven by Rising Equine Diseases and Diagnostic Advancements
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of 6.1%
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,

All 5 Releases


More Releases for TMR

Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031. The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer. To evaluate the nature of the gases and their potential threats, dissolved gas
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market. Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000 The
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to