The vehicle electrification market is projected to grow at a CAGR of 8.17% during the forecast period, to reach a market size of USD 92.59 Billion by 2022. Owing to various benefits of electrification such as decreased vehicle weight, reduced emissions, increased fuel efficiency, and driving comfort, vehicle electrification is expected to become a preferred option for OEMs in the near future.
According to the market research report Global Battery Market by Transport and Transport Mode (Two Wheeler, Automotive, Marine & Aerospace), Automotive Battery by Type (Lead Acid, Lithium Ion & Nickel Metal Hydride) & by Geography - Industry Trends & Forecast to 2021. With the demand in the global transportation market increasing, the market for batteries is also projected to grow. Rising number of electrical circuits and devices in the transportation industry is one of the major factors driving this growth. The base year considered for the study is 2015, and the forecast has
The emergence of hybrid vehicles as a global solution for oil saving is likely to be the major driving factor for the growth of next generation batteries market.
The Automotive Battery Market size is analysed to grow at a CAGR of 5.5% during the forecast 2022-2027 to reach $62 billion by 2027. The Automotive Battery Market is expected to grow steadily during the forecast period, owing to an increasing preference among end users for zero-emission hybrid and electric vehicles, because of falling battery prices, shrinking crude oil reserves, and the environmental effects of conventional automobiles.
The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to grow at a CAGR of 10.79% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2022.
The market is being propelled by factors such as the increasing emission norms, the untapped growth potential in developing countries, and the expanding automotive industry. The adoption of fuel-efficient mobility solutions and the decreasing cost of batteries are also expected to drive growth in the global hybrid vehicle powertrain component market over the next five years.
The report "Train Battery Market by Type & Technology (Lead Acid-Gel Tubular, VRLA, Conventional; Ni-Cd-Sinter, Fiber, Pocket, and Li-Ion), Advanced Train (Autonomous, Hybrid, and Battery Operated), Rolling Stock Type, Application, and Region - Global Forecast to 2025", The train battery market is primarily driven by the increasing population which has led to the demand for rail transport and railway electrification across the globe. The train battery market is projected to grow at a CAGR of 5.15% from 2018 to 2025. From a market size of USD 445.4 million in 2017, it is projected to reach USD 703.2 million by 2025.
The market for automotive battery management systems is projected to experience a compound annual growth rate (CAGR) of 16.2%, leading to a surge from US$7.5 million in 2023 to a projected US$21.5 million by the conclusion of 2030
OEMs and battery manufacturers are working towards development of high energy density battery to deliver more distance coverage on a single charge. Lithium-ion batteries are the most widely used battery technology in electric, hybrid, and plug-in hybrid electric vehicles for their features like low self-discharge, good high temperature efficiency, high energy performance, and high power-to-weight ratio compared with other battery technologies such as lead acid and Nickel-Metal Hybrid. Since the automotive industry is moving towards electric and hybrid vehicles, the battery market is booming.
According to the latest research report by IMARC Group, The global automotive lead-acid battery market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032. More Info:- https://www.imarcgroup.com/automotive-lead-acid-battery-market
The report "Automotive Battery Sensor Market by Voltage Type (12V, 24V, and 48V), Communication Technology (LIN and CAN), Hybrid Vehicle (HEV and PHEV), Vehicle Type (Passenger Car, LCV and HCV), and Region - Global Forecast to 2025", The automotive battery sensor market is estimated to be USD 2.35 billion in 2018 and is projected to reach a market size of USD 4.92 billion by 2025, growing at a CAGR of 11.09% during the forecast period. The market is driven by factors such as the rising demand for fuel-efficient vehicles, increasing vehicle production, rising emission concerns, and growing demand for high- end cars.
The global battery market size reached US$ 116.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 197.8 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028. More info:https://www.imarcgroup.com/battery-market
The global automotive battery management system market is projected to attain USD 9,615.26 million at a CAGR of 13.33% by 2027, as stated in the TechSci Research report titled "Automotive Battery Management System Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027". This growth can be attributed to the rapid expansion of electric vehicle sales and technological advancements in battery management system performance. The battery management system plays a critical role in ensuring safety, performance stability, health monitoring, and communication. The market for automotive battery management systems is expected to further increase due to the rising adoption of all types of electric vehicles, partnerships, and technological developments.
DecisionDatabases.com adds a report on Global Hybrid Powertrain Systems Market Growth 2019-2024. This research study is segmented on the bases of applications, technology and geography.ts. Report Link - https://www.decisiondatabases.com/ip/43554-hybrid-powertrain-systems-market-analysis-report
Looking forward, the automotive lead-acid battery market value is projected to reach a strong growth during the forecast period (2021-2026). More info:- https://www.imarcgroup.com/automotive-lead-acid-battery-market
Looking forward, the automotive lead-acid battery market value is projected to reach a strong growth during the forecast period (2022-2027). More info:- https://www.imarcgroup.com/automotive-lead-acid-battery-market
Electric vehicle batteries are defined as batteries that are used to power electronic vehicles and are rechargeable in nature. These batteries support the clean energy initiative as they don’t emit any harmful gases which cause damage to the environment.
The hybrid system market was valued at USD 18.88 billion in 2016 and is projected to grow at a CAGR of 10.79% during the forecast period. The base year considered for the study is 2016 and the forecast period is 2017–2022.Factors such as decreased tail-pipe emission limits, potential fuel savings with adoption of mild hybrids, and tax benefits & incentives/subsidies for adoption of electric vehicles are the key factors fueling the growth of the hybrid system market.
Hybrid Electric Vehicle (HEV) aftermarket industry will amass noteworthy revenue between 2023 and 2032, primarily driven by the expanding global adoption of hybrid vehicles. As more HEVs hit the road, there is an increasing need for maintenance, repair, and retrofitting services specific to hybrid technology. This includes battery replacement, specialized diagnostic and repair tools, and aftermarket components for hybrid systems. The growing commitment to eco-friendly transportation and government incentives for HEV adoption further propel the growth of this aftermarket sector.
Global Battery Market by Transport and Transport Mode, Automotive Battery by Type & by Geography - Industry Trends & Forecast to 2021 The global battery market is expected to grow from USD 14.08 billion in 2016 to USD 17.25 billion by 2021, at a CAGR of 4.15% from 2016 to 2021. A battery consists of one or multiple cells which facilitates the conversion of chemical energy into electricity. Batteries are used to supply primary power or act as back-up power supply in transport, industrial, or commercial applications. With the demand in the global transportation market increasing, the market for batteries is also projected to grow. Rising number of electrical circuits and devices in the transportation industry is one of the major factors driving this growth. View Full Reports Summary: https://www.marketsandmarkets.com/Market-Reports/automotive-battery-market-247045197.html
Electric Vehicle Charger Market by Vehicle Propulsion Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), and Hybrid Electric Vehicle (HEV)), Charging Type (On-board Chargers, and Off-board Chargers), and End User (Residential and Commercial) Competitive Market Share & Forecast, 2020 - 2027
According to MarketsandMarkets analysis, ICE and micro-hybrid vehicles are estimated to have the largest share of the vehicle electrification market in 2017. The limited availability of infrastructure such as charging stations for battery electric vehicles and high cost of hybrid electric vehicles and plug-in hybrid electric vehicles have increased the preference for ICE and micro-hybrid vehicles over hybrid vehicles.
The Global Regenerative Braking System Market is projected to grow at a CAGR of around 16.8% during the forecast period, i.e., 2023-28. The market is driven by the escalating procurement of battery & hybrid electric cars across the globe, in line with reducing carbon emissions, instigating the need for the regenerative braking industry to bring revolutionary changes in the entire automotive sector.
The global automotive battery management system market is forecasted to witness significant growth in the coming years, owing to increasing demand for hybrid electric and battery electric vehicles. The increase in the demand for these vehicles is a result of the implementation of stringent government regulations with respect to environment degradation and government incentives in the form of subsidies, grants, and tax rebates to encourage the use of eco-friendly modes of transportation.
Vigorously growing automotive production across the globe coupled with the constantly rising population and their improvised living standards is posing severe adverse effect on the environment such as emission of large volumes of hazardous gases including CO2, methane and nitrous oxide, fuel spills and rapid consumption of natural resources and fossil fuels.
To Get sample Brochure now@ http://tinyurl.com/j659hy2 A detailed qualitative analysis of the factors responsible for driving and restraining growth of the Global Automotive Battery Technology Sales Market and future opportunities are provided in the report.
Vehicle Electrification Market report categorizes the global market by Degree of Hybridization, Product (Oil & Water, Electric Pump-Vacuum, EPS, Electric Air-Conditioner, PTC, Alternator, ISG, Starter Motor, Actuator, Start-Stop), Vehicle Type and by 48V Mild-Hybrid.
According to the market research report Autonomous Luxury Vehicle Market by Body Type (Sedan/Hatchback & SUV), End User (Personal Mobility & Car Sharing), Fuel Type (BEV, Hybrid, ICE, & FCEV), Component (Radar, LiDAR, & Biometric Sensors) and Region - Global Forecast to 2030.
[169 Pages Report] Smart e-Drive Market report categorizes the global market by Application (E-Axle, Wheel Drive), Drive (RWD, AWD, FWD), Vehicle Type (PHEV, Electric Bus, Truck, BEV, HEV), Component (Inverter, Motor, Battery Power Electronics, E-Brake Booster), and Region
Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air-Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V Mild-Hybrid, Degree of Hybridization, and Vehicle Type - Global Forecast to 2022
Vehicle Electrification Market by Product (Start-Stop, PTC, EPS, Electric Air-Conditioner, ISG, Starter Motor, Alternator, Actuator, Electric Pump-Vacuum, Oil & Water), 48V Mild-Hybrid, Degree of Hybridization, and Vehicle Type - Global Forecast to 2022
Global Wireless Fire Detection System Market, by Product (Panel, Siren, Smoke Detector, Repeater), by System Type (Fully Wireless Systems, Hybrid Systems), by Mode Type (Standalone Mode, Addressable Mode, Conventional Mode), By End-User (Education, Residential, Healthcare, Government) - Forecast 2023
The automobile aftermarket is introducing new products and components for controlling a vehicle’s performance. The advent of hybrid and advanced vehicles in Europe is also encouraging the adoption of automotive parts remanufacturing within the automobile industry. To know more, click on the link below https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/automotive-aftermarket-in-europe/143977-100.html
If you have any of the Lincoln MKT repair needs then you don’t need to worry as PartsAvatar.ca provides you with the wide variety of Lincoln MKT battery, Lincoln MKT tires, Lincoln MKT exhaust parts and much more. If you wish to make your car more attractive and stylish then you can shop Lincoln MKT interior as well as exterior accessories with us. All you will need to do is to make a selection for your Lincoln MKT specific part such as a Lincoln MKT fuel pump, Lincoln MKT control arm, Lincoln MKT Radiator, Lincoln MKT air or oil filters for your Lincoln MKT from the listed subcategories.
The regenerative braking system is an energy recovery system that coverts the kinetic energy of the vehicle produced at the application of brakes into electrical energy. Demand of improved vehicle performance is continuously at its peak, and inclination of consumers towards environment friendly vehicles like electric and hybrid vehicles is increasing in developed as well as in developing nations, this is expected to fuel the growth of regenerative braking system during the forecast period. However, increasing overall cost of vehicle and complicated maintenance process are expected to hinder the market growth during the forecast period.
The electric vehicle parts and components market size is expected to see rapid growth in the next few years. It will grow to $384.31 billion in 2028 at a compound annual growth rate (CAGR) of 15.8%.
The automotive thermal management market is projected to grow at a CAGR of 3.32% from 2018 to 2025, and the market size is estimated to grow from USD 52.69 Billion in 2018 to USD 66.10 Billion by 2025. The market is anticipated to grow owing to various reasons such as the growing vehicle production, shifting focus toward vehicle safety and passenger comfort, and increasing stringency in emission regulations.
Global driveline electric vehicle market size is expected to reach $4.41 Bn by 2028 at a rate of 9.2%, segmented as by product, series, parallel, power split
The Business Research Company offers automotive retrofit electric vehicle powertrain market research report 2023 with industry size, share, segments and market growth
Global electric vehicle traction motor market size is expected to reach $50.65 Bn by 2028 at a rate of 41.1%, segmented as by motor type, permanent magnet synchronous ev traction motors (pmsm), asynchronous ev traction motors (asm)
In this report, the global Wireless EV Chargers market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
In the midst of a transformative shift towards sustainability in the automotive industry, energy recovery systems have become instrumental. These systems contribute to capturing and repurposing energy lost during braking and deceleration, aligning with the industry's commitment to eco-friendly solutions.
Global automotive electronic controller market size is expected to reach $85.97 Bn by 2028 at a rate of 8.8%, segmented as by product type, engine control units (ecus), transmission control units (tcus), body control modules (bcms)