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Global Market for Automotive Lead-Acid Batteries to Reach $43.9 Billion by 2018
By: PR Newswire
Dec. 3, 2012 06:07 PM
FARMINGTON, Conn., Dec. 3, 2012 /PRNewswire-iReach/ -- One of the oldest portable power sources, lead-acid batteries have been used for over 150 years to store and transport the electrical energy needed in industrial and consumer electric applications for decades. Lead-acid batteries represent the 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 in starting, lighting and ignition (SLI) applications, and for powering electronic components such as in-car entertainment, telematics and navigation systems.
Lead-acid Batteries (Automotive)
The global market for automotive lead-acid batteries is projected to reach $43.9 billion by 2018. The 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 will be driven by enormous demand for two-wheelers and new cars, including luxury cars in the region, particularly in emerging nations such as China and India, and subsequent increases in automotive production.
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.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go135885-auto-lead-acid-batteri.html
The global market for battery chargers is forecast to reach $14.3 billion by the year 2018, buoyed by innovative technology in battery charging and general demand for rechargeable batteries globally. Growing demand for digital cameras, notebook computers and mobile phones, particularly from developing markets will fuel demand for rechargeable batteries.
Innovation is the buzzword in the world of battery charging systems and rechargeable batteries. The evolution of innovations in the industry has led to the launch of smart, compact, and fast chargers in the market. While battery makers across the world are focusing on newer ways to enhance efficiency, recharger system manufacturers are embarking on lowering charge-up time to match with growing power related requirements of the digital world. The technology-savvy market has managed to keep pace with the drifts in changing automotive, industrial, information technology, telecommunications, and consumer products end-use markets worldwide.
Key players profiled in the report include Accutronics Limited, Analytic Systems, Anoma (North America) Corp., Associated Equipment Corporation, Best Wisdom Industrial (Shenzhen) Co. Ltd., Energizer Holdings, Inc., Exide Technologies, HindlePower, Inc., Hop Wo Enterprise Limited, Hotronic Ltd., Jeckson Electric Co. Ltd., Kolvin Industries Ltd., Kussmaul Electronic Co., Motor Appliance Corporation, Panasonic Corporation of North America,. Saft S.A., Salcomp Plc, Schumacher Electric Corporation, Spectrum Brands, Inc., Uniross Batteries Corporation, and Yuasa Battery, Inc.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go138670-battery-charger.html
Electric Vehicles (EVs)
Driven by growing environmental concerns, and the quest for alternative powertrains, the global market for electric vehicles is projected to exceed 4.6 million units by 2018. Major factors driving growth include growing environmental concerns as a result of deteriorating air quality, and emphasis towards increased alternative fuel consumption to minimize heavy dependence on oil.
Though the use of electric vehicles provides numerous advantages, significant groundwork needs to be accomplished for the market to achieve critical mass. To enable widespread adoption, considerable amount of private and government investment in the supporting infrastructure is required. In order to promote mass-market uptake of electric vehicles, governments are required to ramp up their power generation, distribution capacity, and provide charging equipment. To power an electric vehicle, consumers must have the ability to connect their vehicle to a source of electricity, and the utility must have the capacity to transmit and distribute this additional power, and adequate power generation capacity must exist. While urban residents are more likely to purchase an electric vehicle than rural dwellers, a large number of urban dwellers do not own garages and hence, lack of on-street charging could be a key deterrent to purchasing electric automobiles.
Major players in the global electric vehicle marketplace include AB Volvo Group, Bayerische Motoren Werke G.m.b.H., Chrysler Group LLC, Daimler AG, Daimler Trucks North America LLC, Fiat S.p.A, Ford Motor Company, General Motors Company, Honda Motor Co. Ltd., Hyundai Motor Company, Isuzu Motors Ltd., Mazda Motor Corp., Mitsubishi Motors Corporation, Nissan Motor Co. Ltd., PSA Peugeot Citroën S.A, Renault SA, Suzuki Motor Corp., Toyota Motor Corporation, Daihatsu Motor Co. Ltd., and Volkswagen AG.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go136180-electric-vehicles.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
SOURCE Global Information, Inc.
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