全球汽車用電池市場 - 成長，趨勢，預測(2018年∼2023年)
Automotive Battery Market - Growth, Trends, and Forecast (2019 - 2024)
|出版商||Mordor Intelligence Pvt Ltd||商品編碼||625951|
|出版日期||內容資訊||英文 85 Pages
|全球汽車用電池市場 - 成長，趨勢，預測(2018年∼2023年) Automotive Battery Market - Growth, Trends, and Forecast (2019 - 2024)|
|出版日期: 2019年06月01日||內容資訊: 英文 85 Pages||
The global automotive battery market is anticipated to register a CAGR of about 6.5% during the forecast period (2019 - 2024).
An automotive battery is a rechargeable battery, which supplies electrical current to a motor vehicle.
The global automotive battery market has been segmented by battery type, vehicle type, and geography.
The growth in the battery market is primarily attributed to the growing demand for automobiles and enactment of stringent emission standards set by numerous government and environmental agencies.
The automobile regulatory framework in Europe and North America has been instrumental in creating a sustainable environment in the automobile industry.
The EC targets to reduce the average fleet emission of 187g CO2/km in 2011, to an average fleet emission of 175g CO2/km by 2017, and 147g CO2/km by 2020, for the light vehicle segment.
The micro-hybrid, also known start-stop vehicle, is automakers solution for the stringent emission standards, which are getting tougher over stages. The start-stop technology facilitates the vehicle engine to remain shut down when the vehicle is at stand-still, thereby reducing the emissions. At the initial stages, the micro-hybrid vehicles were operated manually, which gave the driver an option to turn-off the start-stop system. The inferior battery technology of these vehicles and the increasing power requirement in modern vehicles, with the increase in a number of features offered, the demand for the technologically advanced automotive battery has been on the rise, which in turn is propelling the demand for batteries.
With the advancements in the automotive battery technology, the number of vehicles equipped with technologies such as EFB (Enhanced Flooded Battery) and AGM (Absorbed Glass Mat) increased at a high pace. The latest technologies have succeeded in powering the start-stop system with a multi-fold increase in the number of engine starts. Currently, over 20 million start-stop batteries are produced annually and this number is forecast to cross 55 million units, by the end of 2020. With deployment in most of the models, the start-stop technology is anticipated to penetrate the market at a high pace, thereby, increasing the automotive battery market.
Asia-Pacific is expected to witness the fastest growth rate during the forecast period and high demand for the automotive battery. Some of the major factors driving the growth of the market in the region are - rising commercial vehicle sales driven by countries like China, India, and ASEAN countries like Thailand, Philippines, Indonesia, and Malaysia; rise in electric vehicles sales in countries like China (both cars and commercial vehicles (especially buses)) and India (commercial vehicles (especially buses)); and rise in sales of passenger cars, especially in ASEAN countries.
Apart from the aforementioned, electric vehicle manufacturers have been signing contracts or deals with Asia's vehicle battery manufacturers, which in turn is also augmenting the demand for automotive battery in the region. For instance, BMW and Volkswagen have signed contracts to buy batteries from CATL as well as Korean producers LG Chem and Samsung SDI.
The European region is also witnessing rapid growth in the automotive battery market, with the rise in sales of both the IC engine and electric vehicles. The region has been planning to stop the production of IC engine vehicles and will shift to electric cars, maximum by 2035 (on an average). This, in turn, is expected to result in increased investments in automotive technologies.
The global automotive battery market is dominated by some key vendors i.e. Samsung SD, Exide, Panasonic, and China Aviation Lithium. The technological advancement in the automotive battery market is majorly driven by startups. For instance, in April 2019, Innolith, a Swiss startup claimed to have made the world's first 1,000 Wh/kg rechargeable battery. In comparison, the batteries that Tesla uses in its Model 3 are called 2170 cells, weigh an estimated 250 Wh/kg, and Innolith plans to eventually push that to 330 Wh/kg.
The companies are also making partnerships for being ahead in the competition. For instance; Panasonic and Toyota announced their plan to jointly produce batteries for electric vehicles and also Panasonic announced the mass production of batteries for electric vehicles began in the Gigafactory set up by the collaboration of Panasonic and Tesla in Nevada.