Start-Stop Battery Market Size, Share, Growth, And Industry Analysis, By Type (Lead-Acid & Li-On), By Application (Automotive & Ev), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Start-Stop Battery Market Report Overview

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The global start-stop battery market size was USD 9788.2 million in 2022 & the market is expected to reach USD 47796 million in 2031, exhibiting a CAGR of 19.3% during the forecast period.

The start-stop battery industry refers to the production and sale of batteries that are designed specifically for use in start-stop vehicles. These batteries are different from traditional lead-acid batteries in that they are capable of quickly restarting the engine of a vehicle that has been stopped, such as at a traffic light or in heavy traffic. Start-stop technology is becoming increasingly common in modern vehicles as a way to reduce fuel consumption and emissions. The technology works by automatically turning off the engine when the vehicle comes to a stop and restarting it when the driver releases the brake pedal.

This requires a battery that is able to handle frequent start-stop cycles and is more efficient than traditional lead-acid batteries. The industry is expected to experience significant growth in the coming years. Start-stop batteries may use different chemistries than traditional batteries, such as Absorbent Glass Mat (AGM) or Enhanced Flooded Battery (EFB) technology. AGM batteries use a special matting between the battery plates to hold the electrolyte in place, while EFB batteries use a more robust plate design to handle the higher demands of start-stop technology. Overall, start-stop batteries are an important component in the growing trend towards more fuel-efficient and environmentally friendly vehicles.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

For power & energy, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, energy, and other items has become challenging due to lockdowns. It had a financial impact on the markets for material in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of power and energy are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall power and energy industry. This has partially impacted the start-stop battery industry.

LATEST TRENDS

"Technological Advancement to Boost the Market Growth"

The key trend boosting the market is technological advancement. The start-stop battery industry is evolving rapidly, with new technologies being developed to improve their performance and durability. For example, some newer start-stop batteries use advanced materials like graphene and lithium-ion, which offer higher energy density and longer cycle life than traditional lead-acid batteries. Many start-stop batteries now use advanced materials, such as lithium-ion, nickel-metal hydride, and graphene, to improve their energy density, cycle life, and overall performance. These materials are lighter and more efficient than traditional lead-acid batteries, which has led to increased adoption of start-stop technology in vehicles. They are investing in new manufacturing processes to improve the quality and consistency of their batteries. For example, some companies are using advanced robotics and automation to improve the precision and efficiency of their production lines. Smart battery management systems use sensors and software to monitor the performance and health of the battery in real-time. This allows the system to optimize the charging and discharging cycles, extend the battery life, and prevent overcharging and overheating. The industry is anticipated to grow during the forecast period thanks to this trend. Thus, it is anticipated that the advance technology will increase overall market sales. These new developments and varieties in product are mostly to blame for the market's overall growth.

Start-Stop Battery Market SEGMENTATION

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• By Types 

Based on type, the market is classified into Lead-acid & Li-on.

• By Application

Based on the market is categorized into Automotive & EV.

DRIVING FACTORS

"Automotive Industry that Give the Market Extra Boost"

The growing automotive industry is one of the key drivers of the start-stop battery industry. As the demand for vehicles increases, the need for more fuel-efficient and environmentally friendly technologies also rises. The automotive industry is experiencing strong growth, particularly in emerging markets. This is driving demand for a wide range of automotive components, including start-stop batteries. As the industry grows, so too does the market for start-stop batteries. These batteries are one such technology that helps to improve the fuel efficiency of vehicles and reduce their emissions. This has led to an increase in demand for start-stop batteries from the automotive industry. This growth has led to a corresponding increase in the demand for start-stop batteries as car manufacturers in these markets look to incorporate this technology in their vehicles to meet regulatory requirements and improve their fuel efficiency. Furthermore, the automotive industry is also witnessing a shift towards electric and hybrid vehicles. The aforementioned elements will raise demand for the target market during the forecast period. The market demand is anticipated to be driven by all of these factors. As a result, the growth, and the increasing use of products in the automotive industry will boost the market. It will contribute to the expansion of the power and energy industry and it will improve the overall start-stop battery industry market growth.

"Electronic Vehicles to Encourage Market Expansion"

The increasing adoption of electric vehicles is a significant driver for the start-stop battery industry. Electric vehicles require high-capacity batteries to power their electric motors, but they also require smaller, auxiliary batteries to power the vehicle's electronics and start-stop systems. As the demand for electric vehicles grows, so too does the demand for start-stop batteries that can provide reliable and efficient power to these systems. In addition, the growing popularity of hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs) has also led to an increased demand for start-stop batteries. The use of start-stop batteries in electric vehicles and hybrid vehicles not only improves the overall fuel efficiency of the vehicle but also reduces greenhouse gas emissions. This factor has led to the implementation of several government regulations and incentives that encourage the adoption of electric vehicles and start-stop systems. Over the course of the forecast period, the aforementioned factors are anticipated to affect sales of the industry. This will increase demand for the product and help the industry as a whole to expand. The product line expansion is helping the market to grow.

RESTRAINING FACTORS

"High Cost to Impede Market Expansion"

High cost is the limiting element in the market. Start-stop batteries are more expensive than conventional lead-acid batteries, which may discourage manufacturers and price-conscious customers from utilizing them. Start-stop batteries are more expensive up front, but over time, their greater toughness and energy efficiency more than make up for it. This factor restrains the market from expansion. Therefore, during the forecast period, these factors are anticipated to restrain market growth. But as time goes on, this issue will be resolved in some way. If this problem is fixed, the market will start to grow right away.

Start-Stop Battery Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for start-stop battery industry in North America has benefited from the region's expanding industrial development and a number of driving factors that have boosted the potential sectors because this region is the product's primary user. The rising product used in automotive & EV is boosting the start-stop battery industry market share. Trends toward rapid urbanization will support the market as a whole even more.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• A123 Systems (U.S.)
• Exide Technologies (U.S.)
• Duracell (U.S.)
• Energy Power Systems (Australia)
• Energizer (U.S.)

REPORT COVERAGE

The market segmentation by type and application is covered in great detail in the study. A wide range of participants, including current and potential market leaders, are examined in the study. A number of significant factors are expected to lead to a sizeable market expansion. In order to gain market insights, the research also looks at factors that could raise the share of start-stop battery industry. Forecasts for market growth over the anticipated time period are made in the report. Explaining why one region dominates the global market is the goal of regional research. A number of properly considered factors limit the industry's ability to expand. A strategic analysis of the market is also included in the research. It contains comprehensive market data.