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This is a report by Global Automotive Start Stop Battery Market Research and presents the main market segments, with data from 2019 to 2028. The automotive starter battery market includes passenger vehicles, commercial vehicles and power tools.
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What is the Automotive Start Stop Battery?
Automotive Starter Shutdown Battery is also known as ASB. This is a battery system that works to keep vehicles running when in use. The battery uses a nickel-manganese-cobalt alloy and reacts with the nickel-hydrogen reaction of the engine to provide braking during vehicle operation and engine activation during periods of idling.
Global Automotive Starter and Stop Battery Market.
The market is expected to grow at a CAGR of 9.78% over the forecast period, with Asia-Pacific becoming the fastest growing regional market between 2021 and 2028.
Rate of growth.
The global start-stop battery market is expected to reach US$26.1 billion by the end of 2028, from US$14.8 billion in 2017, at a compound annual growth rate (CAGR) of 12.2 %.
Drivers and restraints of the global automotive starting and stopping batteries market
The global automotive start-stop battery market is expected to reach USD 24.64 billion by 2028 and grow at a CAGR of 6.81% during the forecast period. In terms of revenue, the global automotive start-stop battery market is expected to account for 12.0% of the overall automotive battery market by 2028.
Key Trends: Automotive Starter & Stop Battery Market Forecast 2022
In the automotive start-stop battery market, drivers are increasingly demanding mobility. In an effort to meet this demand, the automotive battery industry is constantly innovating with materials and design to improve efficiency. The global automotive start-stop battery market size is expected to reach USD 7.97 billion by 2028 with a CAGR of 8.3% by 2021.
Analysis of Current Scenario by Regions, Manufacturers and Countries
According to a new report by BCC Research, the global market for automotive starting and stopping batteries is expected to be worth $24.49 billion by the end of 2028. The report studies current trends in the starting and stopping batteries market and automotive stoppers and offers a detailed analysis of regions and manufacturers.
Analysis of potential future scenarios
The global automotive starting and stopping battery market is expected to reach $26.1 billion by the end of 2028, growing at a compound annual growth rate (CAGR) of 4%. Two disruptive technologies that have been credited for the rapid growth of the battery market are electric vehicles and ride-sharing services such as Uber. In 2018, electric vehicles held a 34% share of global vehicle sales, up from 12% in 2013. As these types of services become more prevalent and consumers increasingly turn to them for transportation, the demand for batteries for electric vehicles is expected to increase over the next few years. year.
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The global automotive start-stop battery market is expected to grow at a CAGR of 12.3% during the forecast period, from USD 12.17 billion in 2018 to USD 35.23 billion by 2028. Countries like China and India are expected to maintain their dominance in this market during the forecast period. forecast period, with these countries accounting for almost 47% and 38% of the total global volume respectively.