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Start-stop Battery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Start-stop Battery Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Jan 2024 171 Pages SKU: IRTNTR45918

Market Overview at a Glance

$23.3 B
Market Opportunity
27.12%
CAGR
27.57
YoY growth 2023-2024(%)

Start-stop Battery Market 2024-2028

The start-stop battery market size is forecast to increase by USD 23.30 billion, at a CAGR of 27.12% between 2023 and 2028. The report includes historic market data from 2018-2022. The market is witnessing a growing demand for declining lithium-ion battery prices, increasing focus on fuel efficiency and advances in battery technologies. 

Market Overview :

  • The market segmentation by Technology is categorized as lead-acid battery, lithium-ion battery, and others
  • The market segmentation by Application is categorized as EV and conventional vehicles
  • Lead-acid battery is the fastest growing segment during the forecast year
  • The  lead-acid battery was the largest segment and was valued at USD 2.38 billion in 2018
  • The Regional Analysis consists of APAC, Europe, North America, South America, and Middle East and Africa
  • APAC is is most dominating region during the forecast period
  • It also includes an in-depth analysis of the increasing demand for EVs and HEVs, increasing focus on fuel efficiency, and high costs associated with start-stop batteries. 

Start-stop Battery Market Size

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Market Trends 

Increasing focus on fuel efficiency is an emerging trend shaping the market growth. Consumers and regulatory authorities emphasize fuel-efficient vehicles. Start-stop batteries align with this requirement by reducing fuel consumption during idle times, leading to increased mileage and cost savings for drivers. Start-stop batteries facilitate the automatic shutdown of the engine when the vehicle comes to a stop, such as at traffic lights or in congested traffic. 

Moreover, conserving fuel during stationary periods, especially in urban driving conditions where stop-and-go traffic is prevalent, leads to overall fuel savings over time. Therefore, increased focus on fuel efficiency in automobiles will boost the demand for start-stop batteries, resulting in a positive impact on the market growth and trends of the market during the forecast period.

Market Largest-Growing Segments 

Lead-acid battery

The lead-acid battery segment is estimated to witness significant growth during the forecast period. Lead-acid batteries have been very popular since they were the first recyclable batteries introduced in the market. These batteries are highly dependable with respect to price and performance. However, these batteries are less durable and heavier compared with other batteries like lithium-ion. 

Start-stop Battery Market Size

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Further, lead-acid batteries provide benefits such as a better life cycle over traditional flooded batteries, extended battery runtime, and low operating temperature. Such benefits have made them extremely suitable for start-stop applications. With the increased demand for lead-acid batteries in automotive applications, lead-acid battery manufacturers are investing in R&D to achieve high operational efficiency. One such advancement is the use of carbon materials as a positive electrode, which increases the service life and overall performance of lead-acid batteries. The use of carbon as an anode turns the battery into an asymmetric supercapacitor, which results in the enhancement of the charge and discharge performances. Carbon electrode lead-acid batteries can operate between 30% and 70% of the state of charge (SoC) without being sulfated. All the above beneficial characteristics of lead-acid batteries have made them favorable for the start-stop battery market which will fuel the growth of the market during the forecast period.

Market Regional Analysis

Start-stop Battery Market Share by Geography

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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period. The market in APAC will grow considerably during the forecast period. China is leading the market in APAC because of its huge customer base and a significant increase in demand for EVs. China has set multiple targets and policies to boost the growth of EVs in the country, such as Made in China in 2025. This industrial upgrading strategy aims to shift China's economy toward high-value-added manufacturing sectors such as aerospace, robotics, and EVs. In addition, countries like Japan, South Korea, Hong Kong, and India are aggressively adopting EVs, thus boosting the market.

In addition, the region is dominant in the market because of the presence of several automotive producers. The governments and automotive manufacturers are making collective efforts to drive the focus toward the EV industry due to increasing environmental concerns and to reduce the extensive dependency on fossil fuel for operating vehicles. This has led to several regulations and increased inclination toward R&D to enhance the current technologies to promote the sale of EVs further, thus making them more economically efficient. Such factors are expected to drive the regional market growth during the forecast period. 

Market Dynamic

Key Drivers of Market

Increasing demand for EVs and HEVs is notably driving the market development. To reduce GHG emissions and create a sustainable ecosystem in the automotive industry, there has been a high demand for EVs and HEVs. Stringent regulations are being undertaken to comply with the Paris Agreement. EVs are the best alternatives for reducing the carbon footprint. Hence, EVs are considered to be the green solution for the decarbonization of the transport sector. Further, the sales of EVs have been increasing steadily since 2012. To further promote the sale of EVs, the governments in several countries like China and the US are setting objectives and giving incentives in the form of monetary and non-monetary benefits.

Consequently, this will result in the increased confidence of the manufacturers and other stakeholders in the future policy framework and investment mobilization. Hence, these factors have boosted the demand for EVs globally. As start-stop batteries are widely being used in EVs, the growing demand for EVs will drive the growth of the market during the forecast period.

Significance Challenges of Market

The high cost associated with start-stop batteries is a significant challenge hindering market growth. The utilization of advanced technology and specialized materials in start-stop batteries contributes significantly to their functionality but also impacts manufacturing expenses. Start-stop batteries often incorporate newer, more efficient materials for electrodes, separators, and electrolytes, which can be more expensive to produce or source. These batteries require specific engineering to withstand frequent charge-discharge cycles, increased power demands, and compatibility with start-stop systems.

Moreover, developing and implementing these designs requires additional investment. Continuous R&D efforts are necessary to improve battery efficiency, lifespan, and performance. These costs are often factored into the manufacturing expenses. Thus, the high cost associated with start-stop batteries may hinder the growth of the market during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market growth analysis, covering from the innovator’s stage to the laggard’s stage and market research and growth. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Start-stop Battery Market Share by Geography

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

A123 Systems LLC - The company offers start-stop batteries such as Gen 3.0 48V 20Ah low voltage series with ultra-high power performance, compact module and liquid cooling integrated design and 12V 60Ah CR low voltage series with ultra-high power and cold crank performance with superior battery management system.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Acumuladores Moura SA
  • Banner GmbH
  • Berkshire Hathaway Inc.
  • Braille Battery
  • Continental AG
  • CSBattery
  • East Penn Manufacturing Co. Inc.
  • Energizer Holdings Inc.
  • EnerSys
  • Exide Technologies
  • General Motors Co.
  • Genuine Parts Co.
  • GS Yuasa International Ltd.
  • Hankook Tire and Technology Co. Ltd.
  • Hitachi Ltd.
  • Leoch International Technology Ltd.
  • Power Sonic Corp.
  • UCAP Power Inc.
  • ZincFive

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Technology Outlook
    • Lead-acid battery
    • Lithium-ion battery
    • Others
  • Application Outlook
    • EV
    • Conventional vehicles
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina 
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Start-stop Battery Market Scope

Report Coverage

Details

Page number

171

Base year

2023

Historic period

2018-2022

Market forecasting period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 27.12%

Market Growth 2024-2028

USD 23.30 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

27.57

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

A123 Systems LLC, Acumuladores Moura SA, Banner GmbH, Berkshire Hathaway Inc., Braille Battery, Continental AG, CSBattery, East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exide Technologies, General Motors Co., Genuine Parts Co., GS Yuasa International Ltd., Hankook Tire and Technology Co. Ltd., Hitachi Ltd., Leoch International Technology Ltd., Power Sonic Corp., UCAP Power Inc., and ZincFive

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Start-stop Battery Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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Table of Contents not available.

Research Methodology

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Start-stop Battery market growth will increase by $ 23.30 bn during 2024-2028.

The Start-stop Battery market is expected to grow at a CAGR of 27.12% during 2024-2028.

Start-stop Battery market is segmented by Technology( Lead-acid battery, Lithium-ion battery, Others) Application( EV, Conventional vehicles, North America, South America, MEA)

A123 Systems LLC, Acumuladores Moura SA, Banner GmbH, Berkshire Hathaway Inc., Braille Battery, Continental AG, CSBattery, East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exide Technologies, General Motors Co., Genuine Parts Co., GS Yuasa International Ltd., Hankook Tire and Technology Co. Ltd., Hitachi Ltd., Leoch International Technology Ltd., Power Sonic Corp., UCAP Power Inc., ZincFive are a few of the key vendors in the Start-stop Battery market.

APAC will register the highest growth rate of 46% among the other regions. Therefore, the Start-stop Battery market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

US, China, Japan, Germany, UK

  • Strict auto emission regulationsStart-stop batteries play a significant role in reducing auto emissions by mitigating unnecessary idling in vehicles equipped with start-stop systems. These batteries enable the engine to shut off automatically when the vehicle comes to a stop is the driving factor this market.
  • such as at traffic lights or in heavy traffic and restart swiftly when the driver releases the brake or engages the clutch. Auto emission regulations vary significantly across countries and regions is the driving factor this market.
  • reflecting diverse environmental priorities is the driving factor this market.
  • technological capabilities is the driving factor this market.
  • and policy approaches. Environment Protection Agency (EPA) and the National Highway Traffic Safety Administration (NHTSA) have collectively developed regulations to contain GHG emissions and improve the fuel economy of passenger cars and trucks in the US with the objective of increasing fuel savings is the driving factor this market.
  • a cleaner environment is the driving factor this market.
  • and reducing oil import. According to these regulations is the driving factor this market.
  • it has been projected to reduce six billion metric tons of GHG over the lifetime of vehicles sold during 2012-2025. The Environmental Protection Agency (EPA) sets emission standards for vehicles in the US. The regulations include Tier 3 standards for light-duty vehicles is the driving factor this market.
  • with limits on nitrogen oxides (NOx) is the driving factor this market.
  • non-methane organic gases (NMOG) is the driving factor this market.
  • particulate matter (PM) is the driving factor this market.
  • and more. California has its own stricter standards known as LEV (Low Emission Vehicle) and ZEV (Zero Emission Vehicle) mandates is the driving factor this market.
  • which often influence national standards. The EU has implemented the Euro emission standards for vehicles is the driving factor this market.
  • progressively tightening limits on pollutants like NOx is the driving factor this market.
  • PM is the driving factor this market.
  • CO is the driving factor this market.
  • and hydrocarbons. Euro 6 standards is the driving factor this market.
  • for instance is the driving factor this market.
  • set strict limits for diesel and gasoline vehicles. The EU also focuses on promoting electric vehicles and reducing CO2 emissions. Both emerging and developed countries have contributed to this surge. These regulations aim to limit emissions of pollutants like nitrogen oxides is the driving factor this market.
  • particulate matter is the driving factor this market.
  • carbon monoxide is the driving factor this market.
  • and hydrocarbons from vehicles. This will drive the adoption of cleaner technologies such as start-stop batteries. Start-stop batteries are used widely in EVs is the driving factor this market.
  • and they increase the vehicle energy efficiency by switching off the engine when the vehicle is in an idle state is the driving factor this market.
  • thereby reducing GHG emissions as well as saving money spent on fuel. Therefore is the driving factor this market.
  • strict auto emission regulations will contribute to the growth of the global start-stop battery market during the forecast period. is the driving factor this market.

The Start-stop Battery market vendors should focus on grabbing business opportunities from the Lead-acid battery segment as it accounted for the largest market share in the base year.