START-STOP BATTERY MARKET ANALYSIS

Regional Analysis

Asia Pacific held the dominant position in Start-stop battery market in 2017

Asia Pacific held the dominant position in the global start-stop battery market and is projected to retain its dominance throughout the forecast period. India, China, Japan are major growth engines for the start-stop battery market in this region. In 2017, the Asia Pacific start-stop battery market generated revenue of US$ 2.3 billion. The market is expected to reach US$ 11.9 billion by 2025, exhibiting a CAGR of 22.7% over the forecast period. The increasing sales of automotive vehicles in Asia Pacific countries become one of the major driving factor for the growth of the market in this region. According to International Organization of Motor Vehicle Manufacturers, in 2017, the sales of automotive vehicle was 29.1 million units up from 28.0 million units in 2016. Similarly, the sales of new vehicles in India and Japan was 4.0 million units and 5.2 million units in 2017. Hence, this increasing sales of automotive vehicles have increased the installation of start stop technology which parallel fuels the market of start-stop battery in this region.