Lead Acid Batteries (Automotive): A Global Strategic Business Report
San Jose, CA (PRWEB) November 13, 2012
Follow us on LinkedIn – Lead acid battery is one of the major battery types developed more than a century ago, and continues to empower our lives to this day. Regarded as one of the ancient power sources, lead acid batteries are highly capable of storing and transporting electrical energy required for running industrial and consumer electric applications since decades. Lead acid battery also represents a dominant energy storage technology in the automotive industry, addressing 85% of global driving population requirements. Thanks to superior recycling efficiency, and economical costs, lead acid batteries have become one of the most commonly used battery technology in automobiles, particularly for starting, lighting and ignition (SLI) applications, and for powering electronic components such as in-car entertainment, telematics and navigation systems.
Given its high strung sensitivity to the health of overall automobile sector, the automotive lead acid batteries market is running into fresh set of challenges in Europe, with the Sovereign debt crisis pushing the regional automotive industry into facing a new set of challenges. The European automotive industry, which was steadily recovering from the 2007-2009 recession once gain received a setback during the year 2012 with the European debt crisis. Macro themes affecting Europe include the prolonging of sovereign debt crisis as a result of the half-measures implemented till date in attempts to stave off the crisis, a dysfunctional financial system that is fuelling a slow-motion economic collapse, fears over reduced consumer spending and slower economic growth as a result of austerity measures. The industry during most the year 2012, vacillated widely between optimism and fear, marring sentiments in an otherwise recovering automotive lead acid batteries market.
Despite slow economic growth in the US, and continuing sovereign debt crisis in Europe, market players in the lead acid batteries market continue to remain optimistic of overall growth in the global market. The steady increase in automotive demand in regions other than Europe, more so importantly in developing markets such as Asia-Pacific and Latin America, and subsequent rise in automotive production, will continue to lend traction to the global automotive lead acid batteries market in the OEM segment. Also driving the market is the increasing adoption of electric vehicles across the globe. Heightened concerns about global warming, urban pollution, rising fuel prices and government legislations to curb emissions are fingered as the key factors driving the adoption of hybrid electric vehicles (HEVs) and electric vehicles (EVs). With electric car manufacturers focusing on incorporating innovative battery technologies in their cars, lead acid batteries, which can improve efficiency, lengthen the discharge cycle, and enhance the storage capacity of batteries are poised to benefit in the coming years.
Production of new-age cars with start-stop technology, which addresses the need for fuel efficiency and emission reduction, will also help drive huge demand for lead acid batteries. Introduced first in Europe, the start-stop technology shuts down the vehicle engine during idle time, for instance at level crossings, toll booths, or while waiting at parking lot, and restarts the engine automatically when driver engages the clutch or releases brake pedal, thus driving improved fuel efficiency and emission reductions. Given that these start-stop systems typically rely on advanced lead-acid batteries, growing integration of this technology in new-age automobiles augurs well for the future of the market. Lead acid batteries are capable of handling deep cycling needs of frequent engine starts while on a trip, and therefore are increasingly being adopted by OEM manufacturers keen on incorporating start-stop technology.
As stated by the new market research report on Lead Acid Batteries (Automotive), Asia-Pacific region represents the largest as well the fastest growing regional market across the globe, with dollar sales waxing at a CAGR of about 6.4% over the analysis period. Growth in the market is especially driven by huge demand for two-wheelers and new cars, including luxury cars in the region, particularly in emerging nations such as China and India, and subsequent increase in automotive production. By end-use, Automotive Aftermarket/Replacement market is the largest revenue contributor to the automotive lead acid batteries. Opportunities for lead acid batteries in the aftermarket segment primarily arise from replacements of worn out/dead batteries.
Key global players profiled in the report include Lion Batteries (Wholesale) Pty Ltd., CSB Battery Company Ltd., East Penn Manufacturing Company, Inc., EnerSys, Exide Technologies, Tudor India Limited, Exide Industries Limited, F.I.A.M.M SpA, Akuma, Fujian Quanzhou Dahua Battery Co. Ltd., Furukawa Battery Co. Ltd., GS Yuasa Corporation, Johnson Controls, Inc., and Panasonic Corp.
The research report titled “Lead Acid Batteries (Automotive): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, end-use analysis, environmental safety, product introductions, recent industry activity, and profiles of market players worldwide. Market estimates and projections for Lead Acid Batteries (Automotive) market are presented for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Market analytics are provided in terms of value (US$) and volume (units) for end-use segments including Original Equipment Market (Motorcycles, Passenger Cars, Commercial Vehicles) and Aftermarket/Replacement Market (Motorcycles, Passenger Cars, Commercial Vehicles).
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