Market Revenue Automotive Battery Industry Status and Prospect | Page 2

There are various types of batteries like nickel cadmium, lead acid battery, lithium ion, and others could be
explored in Automotive Battery in the foremost period. Lead acid battery may be sealed and flooded. Lead-acid
battery sector accounted for the largest market share and is estimated to lead the overall market in the coming
years. These are efficient of high discharge rate, effortless in manufacturing, higher starting capability, and
nominal maintenance. Lithium-ion (Li-ion) batteries are commonly used rechargeable batteries with double the
energy density of Nickel-Cadmium batteries and superior constancy and security. Lithium (Li) is the lightest of
all metals, has the maximum electrochemical potential, and offers the high energy density for weight.
Globally, Asia Pacific accounted for the largest market share and is estimated to lead the market in the coming
years. Also, estimated to grow at highest CAGR of 9.2% in the years to come. This may be because of high
demand in developing countries, high sale if motorcycles, commercial cars, and passenger cars, and production
of enhanced and cost-efficient vehicles. The developing countries like India and China are the major consumers
of Automotive Battery in this region. However, in 2016, North America led the market. This may because or
presence of key manufacturers in the region and rising demand for electric vehicles in Mexico and the United
States.
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The United States is a major consumer of Automotive Battery in the region, a government initiative to reduce
carbon emission by manufacturing eco-friendly products. Instead, Europe is also estimated to have a positive
influence on the future growth. The key players of Automotive Battery Market are GS Yuasa Corporation, A123
Systems, Exide Technologies, BYD Co. Ltd., EnerSys, and East Penn Manufacturing Company. These players are
concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
Market Segment:
Automotive Battery Type Outlook (Revenue, USD Billion, 2014 - 2025)
• Lithium-ion based
• Lead-acid based
• Construction type
• VRLA battery
• Flooded
• Product
• SLI
• Stationary