The global Automotive Battery Plate Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. Increasing investments in battery cell production to minimize fuel consumption and increase its life span may enhance the automotive battery plate market. For instance, Nissan and Tesla are heavily investing to upgrade the product.
Rising environmental concerns is spurring the demand for plug-in hybrid electric vehicles and electric vehicles in many regions to reduce the carbon footprint. Rising production of electric powertrains across the world will strengthen the industry position. High adoption rate for electric vehicles will enhance the aftermarket demand for the product as well.
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Lithium ion is the most widely used chemical in the existing products. The plates immersed in acids reacts and generates electricity. Over a time period the battery loses water and leads to warpage of the plates. When the driver starts engine, heavy power demand may cause the warped plates to spark thereby leading to automobile explosion. The National Highway Traffic Safety Administration (NHTSA) observed many injuries due to several similar explosions.
Technological advancements may enhance the technical specifications of the battery plate used in automobiles to offer light weight model, low cost, and long sustainability in chemicals. For instance, ElectriPlast bi-polar plate will serve the purpose of high performance, cost efficiency, and efficacy. The added features include high temperature stand loss, capacity at rate, and life cycle. Servo mount and carbon fibre battery plate offer improved specifications. These enhanced features of the product may spur the demand for automotive battery plate market globally.
Necessary standards are to be maintained by the manufacturers to supply the products to automobile vendors and dealers for aftermarket. CCA readings are measured as per number of international standards such as EN, DIN, SAE, and IEC. In EN 50342 standard two requirements are EN1 & EN2 indicating conductance testers are calibrated. Safety concerns taken into consideration may give growth opportunity for the automotive battery plate market size.
The product is used with batteries such as lithium ion, solid state, Nickel cadmium, nickel metal hydride, aluminum ion, lithium sulfur, and metal air. Lithium ion is majorly used in electric vehicles and estimated to remain dominant during the projected time frame. Solid state provides advantages such as flame resistance, extended lifetime, less need for expensive & bulky cooling, and operate in high temperatures.
Asia Pacific is the largest auto industry in the world. In China, the industry growth is attributed to its huge population coupled with rising per capita income for personal transportation that cannot be met using traditional technologies. The vehicle production is expected to grow over 40 million by 2025. China holds the largest automotive battery plate market owing to increasing adoption rate for electric vehicles and hybrid electric vehicles.
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Players of the automotive battery plate market are Everlite, Exide technologies, Amtek Batteries, V.B. Corporation, ElectriPlast Corp., and NIPPON DENSO.
For instance, in April 2017, Exide technologies launched GNB Marathon FPX flat battery plate and is available with dealers across North America. Aftermarket demand for the product is observed owing to its shorter lifespan. The regular inspection, testing, and charging of the product may increase its longevity.
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Automotive Aftermarket Size By Vehicle Part (Replacement Parts [Belt, Brake, Clutch, Lighting, Electrical, Engine & AC, Exhaust, Filters, Suspension, Transmission, Wiper], Accessories), By Sales Outlet (Professional [Garages & Service Stations, Automobile Dealerships, Government], DIY, OEM), By Region (U.S., Canada, Germany, UK, Russia, China, India, South Korea, Japan, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, GCC), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends & Forecast, 2016 – 2024
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