The latest report on Automotive Battery Market by Infinium Global Research gives complete coverage of the automotive battery market by battery type (lithium-ion, lead-acid, nickel-based and sodium-ion), type vehicle type (passenger vehicles, commercial vehicles, and electric vehicles) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of the automotive batteries such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
Get Sample Report Copy for Market Insights @ https://www.infiniumglobalresearch.com/reports/sample-request/1679
The Battery Also Serves as a Voltage Stabilizer by Absorbing Abnormal Transient Voltages in Vehicle Electrical System
An automotive battery is a rechargeable electronic device that supplies electrical energy to automobiles. These batteries are majorly employed in passenger vehicles, electric vehicles, commercial vehicles and among others. Automotive batteries also provide power to automobile accessories such as radio, music players, air conditioners, wipers and charging plugs.
Furthermore, the battery also serves as a voltage stabilizer by absorbing abnormal transient voltages in-vehicle electrical system. Greater energy density is one of the chief advantages of a lithium-ion battery. With electronic equipment in the automotive such as mobile phones needing to operate longer between charges while still consuming more power, there is always a need for batteries with a much higher energy density.
Growing demand for the automobile industry and stringent emission standards set by numerous government agencies are the major factors driving the growth of the automotive battery market. In addition, the new fuel-saving technology such as micro-hybrid systems is also leading the higher battery usage. The use of lithium-ion batteries is proving quite beneficial as they are light in weight and provide greater efficiency. This, in turn, have a positive impact on the growth of the automotive battery market. Growing demand for transportation and the launch of new hybrid and new electric automotive models are fuelling the growth of the automotive battery market.
Request a Discount on Standard Prices of this Premium Report @ https://www.infiniumglobalresearch.com/reports/request-discount/1679
Rising Disposable Income to Eventually Foster Growth in the Automotive Battery Industry
However, safety issues related to battery and a constant fluctuation in the prices of raw materials such as nickel and lead are likely to restrain the growth of the automotive battery market during the forecast period. Furthermore, an increase in research and development in fuel cell-based automobile and development of nanotechnology-based lithium batteries are some of the factors further providing several growth opportunities for the key players in the automotive battery market over the upcoming years.
Among the geographies, the Asia Pacific region is anticipated to be the fastest-growing region for the automotive battery market. The growth in the Asia Pacific region is high due increasing number of passenger vehicles and rising disposable income to eventually foster growth in the automotive battery market.
Moreover, Strong presence of lead-acid battery manufacturers such as Exide, Johnson Controls, and Odyssey in the U.S. is expected to promote market growth in the European region. On the other hand, Government initiatives to provide subsidies based on the price difference between Electrical Vehicles and Internal Combustion Engine (ICE) enabled vehicles, with a maximum limit of Yen 85,000 are also providing a boost to the market in Asia Pacific regions.
Browse Detailed TOC and Description of this Exclusive Report@ https://www.infiniumglobalresearch.com/automotive/global-automotive-battery-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive battery.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.