Dublin, Dec. 18, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/xr6b74/automotive) has announced the addition of the "Automotive Battery Market by Transport Mode, Application and Region - Industry Trends & Forecast to 2019" report to their offering.
The global automotive battery market size, in terms of value, is estimated to be $5.1 billion in 2014, and is projected to grow to $7.7 billion by 2019 at a CAGR of 8.39%.
The rechargeable battery which is used in many transportation applications forms an integral component to provide starting power, back-up power, and power to the electrical components used in automotive, marine, and aerospace applications. In automotive applications, batteries are used to power on-board electrical systems and start the vehicle by providing power to the engine. In marine applications, they are used to provide back-up power to the safety equipment in the event of power failure.
Most automobiles use lead-acid batteries, which are capable of generating high amount of required current and reversing this current for self-charging with the use of an alternator. Improvements have been made in this technology and it remains the major technology used in automotive applications. New technologies such as lithium-ion (Li-ion) and nickel-metal hydride (NiMH) are being deployed in hybrid vehicles. With increase in adoption of electric and hybrid vehicles, the demand for these technologies is also projected to increase. Lithium-ion is also slowly being utilized in aerospace and marine applications.
The markets in Asia-Oceania and North America are growing at a good pace owing to the increase in automotive production and demand for aerospace transportation in these regions. Increase in purchasing power and low penetration of automobiles in emerging nations such as China, Brazil, and India have resulted in an increase in demand for personal transportation. Asia-Oceania is estimated to be the largest market for automotive and commercial aviation batteries and is projected to grow at the highest rate from 2014 to 2019.
The global battery market is dominated by a few top players such as GS Yuasa Corp. (Japan), Johnson Controls, Inc. (U.S.), Exide Technologies, Inc. (U.S.), Robert Bosch GmbH (Germany), and Saft SA (France), along with regional suppliers. Companies such as Samsung SDI Co., Ltd. (Korea), GS Yuasa Corp., and Robert Bosch GmbH are also focusing on development of batteries for current hybrid automotive and future applications.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trend
7 Land Based Battery Market, By Application
8 Aerospace Battery Market, By Application
9 Marine Battery Market, By Application
10 Battery Market, By Region
11 Company Profiles
- Delphi Automotive Llp.
- Exide Technologies
- GS Yuasa Corp.
- Johnson Controls, Inc.
- Panasonic Corporation
- Robert Bosch GMBH
- Saft Groupe SA
- Samsung SDI Co., Ltd.
- Toshiba Corporation
- Trojan Battery Company Llc.
For more information visit http://www.researchandmarkets.com/research/xr6b74/automotive
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Source:Research and Markets