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The start-stop battery market size is forecast to increase by USD 23.30 billion, at a CAGR of 27.12% between 2023 and 2028. The report includes historic market data from 2018-2022. The market is witnessing a growing demand for declining lithium-ion battery prices, increasing focus on fuel efficiency and advances in battery technologies.
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Increasing focus on fuel efficiency is an emerging trend shaping the market growth. Consumers and regulatory authorities emphasize fuel-efficient vehicles. Start-stop batteries align with this requirement by reducing fuel consumption during idle times, leading to increased mileage and cost savings for drivers. Start-stop batteries facilitate the automatic shutdown of the engine when the vehicle comes to a stop, such as at traffic lights or in congested traffic.
Moreover, conserving fuel during stationary periods, especially in urban driving conditions where stop-and-go traffic is prevalent, leads to overall fuel savings over time. Therefore, increased focus on fuel efficiency in automobiles will boost the demand for start-stop batteries, resulting in a positive impact on the market growth and trends of the market during the forecast period.
The lead-acid battery segment is estimated to witness significant growth during the forecast period. Lead-acid batteries have been very popular since they were the first recyclable batteries introduced in the market. These batteries are highly dependable with respect to price and performance. However, these batteries are less durable and heavier compared with other batteries like lithium-ion.
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Further, lead-acid batteries provide benefits such as a better life cycle over traditional flooded batteries, extended battery runtime, and low operating temperature. Such benefits have made them extremely suitable for start-stop applications. With the increased demand for lead-acid batteries in automotive applications, lead-acid battery manufacturers are investing in R&D to achieve high operational efficiency. One such advancement is the use of carbon materials as a positive electrode, which increases the service life and overall performance of lead-acid batteries. The use of carbon as an anode turns the battery into an asymmetric supercapacitor, which results in the enhancement of the charge and discharge performances. Carbon electrode lead-acid batteries can operate between 30% and 70% of the state of charge (SoC) without being sulfated. All the above beneficial characteristics of lead-acid batteries have made them favorable for the start-stop battery market which will fuel the growth of the market during the forecast period.
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APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period. The market in APAC will grow considerably during the forecast period. China is leading the market in APAC because of its huge customer base and a significant increase in demand for EVs. China has set multiple targets and policies to boost the growth of EVs in the country, such as Made in China in 2025. This industrial upgrading strategy aims to shift China's economy toward high-value-added manufacturing sectors such as aerospace, robotics, and EVs. In addition, countries like Japan, South Korea, Hong Kong, and India are aggressively adopting EVs, thus boosting the market.
In addition, the region is dominant in the market because of the presence of several automotive producers. The governments and automotive manufacturers are making collective efforts to drive the focus toward the EV industry due to increasing environmental concerns and to reduce the extensive dependency on fossil fuel for operating vehicles. This has led to several regulations and increased inclination toward R&D to enhance the current technologies to promote the sale of EVs further, thus making them more economically efficient. Such factors are expected to drive the regional market growth during the forecast period.
Increasing demand for EVs and HEVs is notably driving the market development. To reduce GHG emissions and create a sustainable ecosystem in the automotive industry, there has been a high demand for EVs and HEVs. Stringent regulations are being undertaken to comply with the Paris Agreement. EVs are the best alternatives for reducing the carbon footprint. Hence, EVs are considered to be the green solution for the decarbonization of the transport sector. Further, the sales of EVs have been increasing steadily since 2012. To further promote the sale of EVs, the governments in several countries like China and the US are setting objectives and giving incentives in the form of monetary and non-monetary benefits.
Consequently, this will result in the increased confidence of the manufacturers and other stakeholders in the future policy framework and investment mobilization. Hence, these factors have boosted the demand for EVs globally. As start-stop batteries are widely being used in EVs, the growing demand for EVs will drive the growth of the market during the forecast period.
The high cost associated with start-stop batteries is a significant challenge hindering market growth. The utilization of advanced technology and specialized materials in start-stop batteries contributes significantly to their functionality but also impacts manufacturing expenses. Start-stop batteries often incorporate newer, more efficient materials for electrodes, separators, and electrolytes, which can be more expensive to produce or source. These batteries require specific engineering to withstand frequent charge-discharge cycles, increased power demands, and compatibility with start-stop systems.
Moreover, developing and implementing these designs requires additional investment. Continuous R&D efforts are necessary to improve battery efficiency, lifespan, and performance. These costs are often factored into the manufacturing expenses. Thus, the high cost associated with start-stop batteries may hinder the growth of the market during the forecast period.
The market research report includes the adoption lifecycle of the market growth analysis, covering from the innovator’s stage to the laggard’s stage and market research and growth. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
A123 Systems LLC - The company offers start-stop batteries such as Gen 3.0 48V 20Ah low voltage series with ultra-high power performance, compact module and liquid cooling integrated design and 12V 60Ah CR low voltage series with ultra-high power and cold crank performance with superior battery management system.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Start-stop Battery Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Market forecasting period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 27.12% |
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Market Growth 2024-2028 |
USD 23.30 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
27.57 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 46% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
A123 Systems LLC, Acumuladores Moura SA, Banner GmbH, Berkshire Hathaway Inc., Braille Battery, Continental AG, CSBattery, East Penn Manufacturing Co. Inc., Energizer Holdings Inc., EnerSys, Exide Technologies, General Motors Co., Genuine Parts Co., GS Yuasa International Ltd., Hankook Tire and Technology Co. Ltd., Hitachi Ltd., Leoch International Technology Ltd., Power Sonic Corp., UCAP Power Inc., and ZincFive |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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