Start-stop Battery Market Projected USD 23.30 Billion Growth between 2024 and 2028: Market to focus on Fuel Efficiency and Advanced Technologies - Technavio

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Feb 02, 2024, 17:20 ET

NEW YORK, Feb. 2, 2024 /PRNewswire/ -- The start-stop battery market size is forecasted to increase by USD 23.30 billion, at a CAGR of 27.12% between 2023 and 2028, according to the latest report by Technavio.

Technavio has announced its latest market research report titled Global Start-stop Battery Market 2024-2028

The market is experiencing a surge in demand driven by declining lithium-ion battery prices, a growing emphasis on fuel efficiency, and advancements in battery technologies. To create a sustainable ecosystem in the automotive industry, there is a high demand for EVs and HEVs as regulations become more stringent to comply with the Paris Agreement. This comprehensive analysis provides valuable insights for industry stakeholders by breaking down key market segments. For more information – Request a Free Sample Report.

What are the Growth Drivers, Trends, and Challenges?

Growth Drivers: The market's expansion is propelled by the increasing focus on fuel efficiency in vehicles.
Trends: A notable trend in the market is the heightened emphasis on fuel-efficient technologies, particularly with start-stop functionalities.
Challenges: A significant challenge confronting market growth is the high cost associated with manufacturing advanced start-stop batteries.

What are the key insights?

Market Segmentation: This report categorizes the market by Technology and Application. The Lead-acid batteries segment is estimated to witness significant growth. Lead-acid batteries are highly dependable with respect to price and performance, making them extremely suitable for start-stop applications.

Regional Overview: APAC is projected to contribute 46% to the growth of the global market during the forecast period. Factors such as the increasing demand for EVs and supportive government initiatives are key contributors to this dominance.

In-depth insights into other key segments, including end-users and regions, empower stakeholders to make informed decisions. View Free Sample Report.

Who's Navigating the Competitive Landscape?

A few key players, including A123 Systems LLC, Acumuladores Moura SA, Banner GmbH, Berkshire Hathaway Inc., Braille Battery, and Continental AG, are employing various strategies to strengthen their market presence. These strategies encompass strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and innovative product/service launches.

Purchase the full report for strategic insights into the competitive dynamics of the Start-stop Battery market.

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Table of Contents

Executive Summary
Market Landscape
Market Sizing
Historic Market Size
Five Forces Analysis
Market Segmentation by Technology
Market Segmentation by Application
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Company Landscape
Company Analysis
Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
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Website: www.technavio.com

SOURCE Technavio