#Electric Vehicle Battery Market Forecast

[padmavarma]

Electric Vehicle Battery Market is analyzed to grow at a CAGR of 20.31% during the forecast 2024-2030 to reach $202.60billion in 2030. Electric Vehicle Batteries (EVBs), also referred to as traction batteries, are critical components powering the electric motors of electric vehicles (EVs). These batteries are predominantly rechargeable and commonly utilize lithium-ion or nickel-metal hydride technology. They are engineered to provide high ampere-hour or kilowatt-hour capacities, facilitating prolonged vehicle operation between charging sessions. One prominent trend driving the demand for EVBs is the increasing focus on government policies and investments aimed at bolstering public charging infrastructure. 

[wealthwise93]

Lithium and Copper: The Metals That Will Shape the Future

🔋🌍 Lithium and copper are set to revolutionize the economy as the demand for electric vehicles and renewable energy soars! 🌱✨ With innovations in battery tech and sustainable materials, the future looks bright for clean energy.

In the coming years, certain metals are poised to fundamentally change the global economy—foremost among them are lithium and copper. These two raw materials are becoming increasingly indispensable for the energy and transportation industries as the world shifts towards renewable energy and electric vehicles. Lithium: The Fuel of the Energy Transition Lithium plays a central role in the…

[dnnikhil]

Electronic vehicles battery is a pollution-free or eco-friendly fuelling system, electric vehicle batteries are substituting fossil fuels such as petrol and diesel. The old fuelling system is a non-renewable source of energy and it creates heavy pollution. Electric batteries can be charged with renewable energy sources which makes them eco-friendly. The road tax and registration fees related to electric vehicles are relatively low, which is probable to impact market growth.                          

[cmipooja]

Global Structural Battery Market Is Estimated To Witness High Growth Owing To Increasing Demand for Electric Vehicles

The global Structural Battery Market is estimated to be valued at US$ 1.32 billion in 2022 and is expected to exhibit a CAGR of 20.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Structural batteries are a recent innovation in battery technology where the battery materials are integrated into the structure of the device it powers. This eliminates the need for separate battery packs, reducing weight and increasing energy efficiency. Structural batteries find applications in various industries, including automotive, aerospace, electronics, and renewable energy storage. These batteries offer advantages such as increased energy density, longer battery life, improved safety, and reduced manufacturing costs. The growing demand for electric vehicles (EVs) is expected to drive the growth of the structural battery market. Market key trends: One key trend in the structural battery market is the increasing adoption of electric vehicles. With the push towards reducing greenhouse gas emissions and fuel consumption, governments and environmental agencies worldwide are promoting the adoption of electric vehicles. This has led to an increase in demand for high-performance batteries that can provide longer driving ranges. Structural batteries, with their higher energy density and lightweight design, are well-suited for electric vehicles, making them a preferred choice for automakers such as Tesla, BMW, and Volkswagen. For example, Tesla's Model S Plaid, launched in 2021, features a structural battery pack that contributes to its impressive range of over 390 miles. Similarly, BMW's i3 electric vehicle utilizes a structural battery module that forms part of its frame, reducing weight and increasing its overall efficiency. These advancements in battery technology are driving the growth of the structural battery market. PEST Analysis: Political: Governments worldwide are implementing stricter emission regulations and offering incentives for the adoption of electric vehicles. This political push towards sustainable transportation is creating a favorable market environment for structural batteries. Economic: The decreasing cost of lithium-ion batteries, coupled with the growing economies of scale in battery production, is making electric vehicles more affordable. This economic factor is driving the demand for structural batteries in the automotive industry. Social: Increasing awareness about climate change and the need for sustainable transportation is influencing consumer preferences towards electric vehicles. This social trend is further fueling the growth of the structural battery market. Technological: Advancements in battery technology, such as higher energy density and longer battery life, are enabling the development of structural batteries. These technological advancements are driving innovation in the automotive and aerospace industries. Key Takeaways: - The Global Structural Battery Market Size is expected to witness high growth, exhibiting a CAGR of 20.1% over the forecast period. This growth can be attributed to the increasing demand for electric vehicles and advancements in battery technology. - The Asia-Pacific region is expected to be the fastest-growing and dominating region in the structural battery market. The region's booming automotive industry, particularly in countries like China and India, is driving the demand for electric vehicles and, consequently, structural batteries.

[rjzimmerman]

Excerpt from this New York Times story:

For much of the last five years, automakers have been spending billions of dollars in a frantic race to develop electric vehicles and build factories to produce them, with expectations that consumers would flock to these new models.

But in the past 12 months, the growth rate of electric vehicle sales has slowed sharply as some car buyers have balked at the high prices of electric cars and trucks and the hassles of charging them, especially on long trips.

The shift in consumer sentiment is now forcing many automakers to pull back on aggressive investment plans, and pivot, at least partly, back to the internal-combustion engine vehicles that still account for most new car sales and a large share of corporate profits.

The latest example came on Thursday when Ford Motor said it would retool a plant in Canada to produce large pickup trucks rather than the electric sport-utility vehicles it had previously planned to make there.

Ford’s move comes a day after General Motors said it expected to make 200,000 to 250,000 battery-powered cars and trucks this year, about 50,000 fewer than it had previously forecast.

“After the pandemic, there was a huge exuberance around E.V.s, and I think a lot of the manufacturers thought that growth was going to continue,” said Arun Kumar, a partner and managing director in the automotive and industrial practice at AlixPartners, a consulting firm. “But the reality is that’s not the case, and it’s a smart move to make sure you’re not losing market share in internal combustion.”

[market-insider]

Electric Vehicle Plastics Market: An In-Depth Exploration and its Contribution to a Circular Automotive Industry

The global electric vehicle plastics market size was estimated at USD 13.33 billion in 2030 and is anticipated to grow at a compound annual growth rate (CAGR) of 28.0% from 2024 to 2030. The industry is projected to witness significant growth in terms of consumption, on account of high application scope and increasing demand from the growing population. The Polypropylene (PP) resin demand in the Asia Pacific region is estimated to grow at the fastest CAGR over the forecast period. Strong government support & initiatives regarding emissions and increasing investment by manufacturers are propelling the growth of the region.

Electric Vehicle Plastics Market Report Highlights

The Asia Pacific region is estimated to grow at the fastest CAGR from 2022 to 2030. Increasing demand from the growing population coupled with environmental concerns among others are anticipated to drive market growth in the region

The battery segment is anticipated to register the fastest CAGR from 2022 to 2030. Batteries are one of the significant components of an EV and, in comparison to combustion engines, battery vehicles do not produce any emissions and are eco-friendly. The growing demand for EVs has promising growth for EV batteries

The exterior application segment accounted for the largest revenue share in 2021 and is estimated to continue its dominance over the forecast period due to the high demand in aesthetics

The BEV vehicle type segment led the industry in 2021 and it is anticipated to continue growing over the forecast period as PHEVs have higher maintenance costs than BEVs

For More Details or Sample Copy please visit link @: Electric Vehicle Plastics Market Report

Furthermore, EVs are efficient and require less maintenance as compared with traditional vehicles. These factors are expected to boost the demand for EVs, which is expected to drive the demand for plastics over the forecast period. Increasing utilization of plastics in EVs is anticipated to boost industry growth positively over the forecast period. Plastics have proven to perform well under harsh conditions through their resistance to shock, moisture, oxidation, and further maintaining their chemical and mechanical properties. Plastics will be crucial material for manufacturing lightweight and energy-efficient EVs. Based on resin type, PP is expected to witness major demand during the projected years.

Polypropylene is used in many components of the vehicle including bumpers, carpet fibers, cable insulation, and others. Properties, such as good heat, chemical & fatigue resistance, and others, are anticipated to drive the demand for PP in the industry. Major manufacturers are adopting expansion strategies, such as new product development, production facility expansions, mergers & acquisitions, and joint ventures. For instance, in October 2021, DuPont launched a new extension of its existing Zytel HTN range, named as Zytel 500 series. These products are developed to provide enhanced retention properties in e-mobility oils, electrically friendly characteristics, and a high Comparative Tracking Index (CTI).

EVPlastics #ElectricVehicles #SustainableDriving #EcoFriendlyCars #ElectricVehicleTech #CleanTransportation #GreenMobility #EVInnovation #PlasticsInEVs #FutureOfTransport #SustainableMaterials #EcoAutoDesign #EVManufacturing #PolymerInnovation #ZeroEmissionVehicles #GreenTechAuto #CleantechPlastics #EVDesign #EcoFriendlyPlastics #CircularAutoEconomy

[research-related-blogs]

Voltage Ventures: Exploring the Electric Bus Market Landscape

The primary factor leading to the growth of the electric bus market is the need to reduce greenhouse gases and the growing concerns about environmental pollution. These concerns have driven governments and municipalities to see cleaner and more sustainable public transportation options. Governments around the world are implementing policies and incentives to promote the adoption of electric buses. This significantly accelerates the market demand for electric buses globally. It is expected that the introduction of electric buses will change global mass transit in the coming years by improving air quality, reducing noise levels, and increasing fuel efficiency.

Rising technological advancements in terms of increasing range of mobility and deployment of fast charging infrastructure are expected to provide several opportunities to the market players in the electric bus market. The advances in battery technology have improved the range, performance, and affordability of electric buses making them more attractive to transit agencies. By vehicle type, the BEV segment is expected to generate the maximum revenue in the electric bus market. This is because the BEVs are more effective in comparison to conventional buses. The lithium iron phosphate battery segment is expected to generate high revenue in the forecast period as it offers a variety of benefits like enhanced discharge, charge efficiency, longer life term, and optimum safety. This facilitates the overall growth of the electric bus market.

The key competitive factors for manufacturers in the electric bus market include increasing their presence in developing economies, the launch of new products, and providing consumer-effective pricing. Many well-established market players are focusing on strategies such as partnerships, mergers, and acquisitions to strengthen their market presence and gain higher profits. The investments in ongoing research and development are anticipated to further improve battery technology, increase the range of electric buses, and thereby, create lucrative opportunities for the electric bus market players.

[tritonmarketresearch]

Aluminum Market: Products, Applications & Beyond

Aluminum is a versatile element with several beneficial properties, such as a high strength-to-weight ratio, corrosion resistance, recyclability, electrical & thermal conductivity, longer lifecycle, and non-toxic nature. As a result, it witnesses high demand from industries like automotive & transportation, electronics, building & construction, foil & packaging, and others. The high applicability of the metal is expected to drive the global aluminum market at a CAGR of 5.24% in the forecast period from 2023 to 2030.

Aluminum – Mining Into Key Products:

Triton Market Research’s report covers bauxite, alumina, primary aluminum, and other products as part of its segment analysis.

Bauxite is anticipated to grow with a CAGR of 5.67% in the product segment over the forecast years.

Bauxite is the primary ore of aluminum. It is a sedimentary rock composed of aluminum-bearing minerals, and is usually mined by surface mining techniques. It is found in several locations across the world, including India, Brazil, Australia, Russia, and China, among others. Australia is the world’s largest bauxite-producing nation, with a production value of over 100 million metric tons in 2022.

Moreover, leading market players Rio Tinto and Alcoa Corporation operate their bauxite mines in the country. These factors are expected to propel Australia’s growth in the Asia-Pacific aluminum market, with an anticipated CAGR of 4.38% over the projected period.

Alumina is expected to grow with a CAGR of 5.42% in the product segment during 2023-2030.

Alumina or aluminum oxide is obtained by chemically processing the bauxite ore using the Bayer process. It possesses excellent dielectric properties, high stiffness & strength, thermal conductivity, wear resistance, and other such favorable characteristics, making it a preferable material for a range of applications.

Hydrolysis of aluminum oxide results in the production of high-purity alumina, a uniform fine powder characterized by a minimum purity level of 99.99%. Its chemical stability, low-temperature sensitivity, and high electrical insulation make HPA an ideal choice for manufacturing LED lights and electric vehicles. The growth of these industries is expected to contribute to the progress of the global HPA market.

EVs Spike Sustainability Trend

As per the estimates from the International Energy Agency, nearly 2 million electric vehicles were sold globally in the first quarter of 2022, with a whopping 75% increase from the preceding year. Aluminum has emerged as the preferred choice for auto manufacturers in this new era of electromobility. Automotive & transportation leads the industry vertical segment in the studied market, garnering $40792.89 million in 2022.

In May 2021, RusAl collaborated with leading rolled aluminum products manufacturer Gränges AB to develop alloys for automotive applications. Automakers are increasingly substituting stainless steel with aluminum in their products owing to the latter’s low weight, higher impact absorption capacity, and better driving range.  

Also, electric vehicles have a considerably lower carbon footprint compared to their traditional counterparts. With the growing need for lowering emissions and raising awareness of energy conservation, governments worldwide are encouraging the use of EVs, which is expected to propel the demand for aluminum over the forecast period.

The Netherlands is one of the leading countries in Europe in terms of EV adoption. The Dutch government has set an ambitious goal that only zero-emission passenger cars (such as battery-operated EVs, hydrogen FCEVs, and plug-in hybrid EVs) will be sold in the nation by 2030. Further, according to the Canadian government, the country’s aluminum producers have some of the lowest CO2 footprints in the world.

Alcoa Corporation and Rio Tinto partnered to form ELYSIS, headquartered in Montréal, Canada. In 2021, it successfully produced carbon-free aluminum at its Industrial Research and Development Center in Saguenay. The company is heralding the beginning of a new era for the global aluminum market with its ELYSIS™ technology, which eliminates all direct GHG emissions from the smelting process, and is the first technology ever to emit oxygen as a byproduct.

Wrapping Up

Aluminum is among the most widely used metals in the world today, and is anticipated to underpin the global transition to a low-carbon economy. Moreover, it is 100% recyclable and can retain its properties & quality post the recycling process.

Reprocessing the metal is a more energy-efficient option compared to extracting the element from an ore, causing less environmental damage. As a result, the demand for aluminum in the sustainable energy sector has thus increased. The efforts to combat climate change are thus expected to bolster the aluminum market’s growth over the forecast period.

[researchvishal]

Rail Wheel and Axle Market Analysis by Size, Share, Growth, Trends up to 2033

During the forecast period, the global rail wheel and axle market size is expected to expand at a steady CAGR of 5.6%. At its present growth rate, the global market for rail wheels and axles is expected to be worth $4,402.3 million by the year 2023. In 2033, the demand for rail wheel and axle is projected to reach US$ 7603.4 Mn.

Competitive Landscape

The global rail wheel and axle market is highly competitive, with many companies operating in this space. These companies are engaged in a range of activities, including the production of rail wheels and axles, the repair and maintenance of these products, and the supply of related services.

There are several key players in the global rail wheel and axle market, including Amsted Rail, ArcelorMittal, Bradken, GE Transportation, Klöckner Pentaplast, Lucchini RS, NSSMC, Vyatka, and Wabtec. These companies are well-established players with a strong presence in the market and a reputation for producing high-quality products.

Overall, the global rail wheel and axle market is highly competitive, with a diverse range of companies operating in this space. Companies in the market are constantly seeking ways to differentiate themselves from their competitors, such as through the development of new technologies or the expansion of their product offerings.

For more information: https://www.futuremarketinsights.com/reports/rail-wheel-and-axle-market

Due to the growing sophistication of rail networks and trains, as well as the present trend toward autonomous technology, train makers are devoting significant resources to R&D to develop lighter materials for wheels and axles for freight trains, passenger trains, and short-distance trains.

Nearly 7 billion people take trains each year, and they all want to travel as quickly, easily, and economically as possible. It's for this reason that the research and development of fully driverless trains is continuing to advance. Computerized monitoring systems installed on autonomous trains can detect problems with rail wheels and axles.

There are numerous benefits to using a solar rail system instead of traditional diesel trains. Diesel-powered trains usually have two engine cars. In contrast, solar-powered trains use solar gears in place of traditional gears. Solar panels have been put on the bogie roofs, and electric motors and batteries have been installed in the second diesel compartment.

The electrical needs of railway engines, which normally require 750 V to 800 V to move the rails, may be met by solar panels set atop trains providing voltages of 600 V to 800 V. Demand for these trains is likely to rise, which is good news for manufacturers of rail wheels and axles.

The rail wheel and axle market is an important segment of the global rail transportation industry. Rail wheel and axle products are essential components of rail vehicles, such as trains, trams, and subway cars, and are used to support and propel these vehicles. There are several factors that are driving the global rail wheel and axle market, including growth in rail transportation, urbanisation and population growth, environmental concerns, and technological advancements.

However, the demand for rail wheel and axle is also facing several restraints or challenges, including high capital costs, cyclical demand, a complex supply chain, competition from other modes of transportation, and regulatory challenges. Despite these challenges, the rail wheel and axle market is expected to continue growing in the coming years, driven by increasing demand for rail transportation and ongoing technological advancements in the industry.

Key Takeaways

It is estimated that the US market for rail wheel and axle will be worth $570.8 million in 2022.

Market value in China, the world's second largest economy, is projected to reach $878 million by 2026, expanding at a CAGR of 6% from 2023 to 2033.

Over the projection horizon, both Japan and Canada are predicted to grow at rates of 2.9% and 3.8%, respectively.

The demand for rail wheel and axle in Germany is projected to expand by 3.3% this year.

[rameshjadhav]

“Recently Released Market Study: The Future of the Zinc-Bromine Battery Market by Global Market Size, Distribution and Brand Share, Key Events and Competitive Landscape”.

The global Zinc-Bromine Battery Market was valued at USD 36.92 Billion in 2021 and is expected to reach USD 182.05 Billion by the year 2028, at a CAGR of 25.6%.

The battery market is currently in a dimensional change, with the high demand for energy-dense, long-lasting and inexpensive energy storage devices being an unwavering goal to meet the increasing demand for compact electronic devices, Electric vehicles, and power sources. Zinc-Bromine Batteries hold dense energy storage capacity by plating metallic zinc as a solid onto the anode plates in the electrochemical cell during charging. The total energy storage capacity of the system depends on both the size of the cell (electrode area) and the size of the electrolyte reservoir. Flow batteries with several redox pairs in aqueous media are one of the most promising technologies for large-scale energy storage. Among these, Zinc-Bromine batteries are very attractive because of their amazing longevity properties. Electrochemical energy storage solution that offers a range of options to successfully manage energy from renewable sources, minimize energy losses, reduce overall energy consumption and costs, and ensure the security of supply. Zinc-Bromine Battery provides Continuous energy delivery with a high discharge rate for up to 10 hours or longer.

Introspective Market Research report presents detailed analysis on the Zinc-Bromine Battery Market consumption trends by globally, historic and forecast consumption volumes and values at market and category level. It also provides indispensable data on brand share, distribution channels, profiles of companies active in the global Zinc-Bromine Battery market along with latest industry news, in addition to mergers and acquisitions. This allows domestic and foreign companies to identify the market dynamics to account sales overall and to know which categories and segments are showing growth in the coming years.

Read More: https://introspectivemarketresearch.com/reports/zinc-bromine-battery-market/

[marketsndata]

Japan Automotive Lead Acid Battery Market Analysis 2032

Japan automotive lead acid battery market is projected to witness a CAGR of 1.51% during the forecast period FY2025-FY2032, growing from USD 1.96 billion in FY2024 to USD 2.21 billion in FY2032. The market is witnessing significant growth owing to the increasing shift toward electric vehicles, increased vehicle ownership exponentially, the easily accessible variety of lead acid batteries, and significant technological advancements. Other factors driving the demand for Japan automotive lead acid battery market are government incentives for green practices and energy efficiency, continuous development of innovative lead acid battery technologies, rapid urbanization, and rising awareness concerning the sustainable environment. In addition, the demand for automotive lead acid batteries in Japan is growing because these are generally less expensive than advanced battery technologies, including lithium-ion, and have been a standard in automotive applications for decades. Although Japan is a key manufacturer of electric and hybrid vehicles, most automobiles use traditional internal combustion engines, whose ignition depends on lead acid batteries. With the increase of hybrid vehicles, the demand for automotive lead acid batteries is rising due to their auxiliary feature, which provides a better driving experience. Furthermore, the Japanese government has stringent rules and regulations for battery recycling, which confirms that lead acid batteries are properly disposed of and recycled. This regulatory environment supports the continued usage of lead acid batteries in various vehicles as they are less of an environmental burden when managed appropriately.

Additionally, the companies in Japan automotive lead acid battery market are investing in different research and development activities to advance and enhance vehicle features. Also, companies are planning to launch vehicles in Japan with the integration of automotive lead acid batteries to address the rising demand for sustainable transportation and contribute to net zero carbon emissions.

For instance, in April 2024, GS Yuasa Corporation, a leading Japanese company, announced the relaunch of its ECO.R HV auxiliary VRLA battery series, designed specifically for Toyota hybrid vehicles.

Vehicle Ownership and Fleet Expansion to Drive Market Growth

Japan automotive lead acid battery market is witnessing steady growth due to increased vehicle ownership and fleet expansion. Companies and businesses are expanding their vehicle fleets for delivery, logistics, and transportation services, further propelling the requirement for reliable and advanced automotive lead acid batteries. In addition, the dependency on personal vehicles is higher in rural and suburban locations, as transportation choices are restricted, leading to increased battery demand. Manufacturers of automotive lead acid batteries are introducing and offering advanced automotive lead acid batteries to offer an overall better driving experience.

Technological Advancements to Propel Japan Automotive Lead Acid Battery Market Demand

Companies in the market are advancing the automotive lead acid battery technology to enhance performance and longevity, making them more attractive to consumers and businesses, propelling the demand for Japan automotive lead acid battery market in the forecast period. Innovations in automotive lead acid battery design, including improved electrolyte formulations, result in batteries that offer better performance, increased reliability, and longer life. Also, advanced automotive lead acid batteries with maintenance-free features are obtaining popularity, decreasing the requirement for maintenance and making them more convenient for vehicle owners, fostering the growth of Japan automotive lead acid battery market growth in the forecast period. Companies in the Japanese market are offering advanced automotive lead acid batteries to address previous performance limitations and align with rising environmental and convenience considerations, propelling positive market growth in Japan for automotive lead acid batteries.

For instance, in October 2022, Japan’s Toyota Motor Corporation and the domestic power utility giant JERA Group announced the commissioning of a second-life battery storage system that incorporates lithium-ion, nickel-metal-hydride, and lead acid chemistries.

Government Rules and Regulations to Drive Japan Automotives Lead Acid Battery Market Growth

The Japanese government forms stringent environmental regulations and robust recycling campaigns, propelling the growth of the market. The government introduced comprehensive recycling laws to ensure that automotive lead acid batteries are properly recycled, which reduces environmental impact and supports a sustainable market for these batteries. In addition, government initiatives often comprise logistic and financial incentives for the proper disposal and recycling of automotive lead acid batteries. This reduced the overall cost and encouraged more consumers and businesses to recycle and replace batteries responsibly. The supportive regulatory framework confirms environmental responsibility and strengthens consumer confidence in automotive lead acid batteries, supporting steady market growth in the forecast period.

For instance, in September 2024, the Japanese government announced subsidies of USD 2.4 billion to support electric vehicle battery projects of domestic manufacturers to ramp up the production of annual batteries and foster electrification efforts.

20-50Ah Batteries to Dominate Japan Automotive Lead Acid Battery Market Share

The 20-50Ah segment dominates the largest market share in Japan automotive lead acid battery market owing to the continuous prevalence of internal combustion engine vehicles and the rapid trend of personalization. 20-50Ah battery range is significant for ICE vehicles, ensuring reliable operation and powering the electrical systems. Although, the rising demand for electric and hybrid vehicles, along with the significant rise in the share of ICE vehicles in Japan, maintains a robust demand for a 20-50Ah battery range. In addition, companies are innovating battery design, including improved configurations, which have resulted in batteries that offer longer service life and better performance, fostering the growth of Japan 20-50Ah automotive lead acid battery market in the forecast period.

Passenger Cars to Hold the Significant Japan Automotive Lead Acid Battery Market Share

Passenger cars are projected to hold the dominating share of the Japanese market owing to the cost-effectiveness of automotive lead acid batteries and their effectiveness in powering the electrical systems of passenger cars. The easy affordability of automotive lead acid batteries for integration in passenger cars makes it a practical choice for many car owners, especially for replacement or budget-conscious applications. In addition, the demand for Japan passenger car market is rising owing to technological advancements and an increase in disposable income, which further drives the requirement for automotive lead acid batteries, offering sufficient power for the starting, lighting, and ignition functions in conventional passenger cars.

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Future Market Scenario (FY2025 – FY2032F)

An increase in sales of electric vehicles and expansion in electronic applications within passenger vehicles are projected to propel the growth of Japan automotive lead acid battery market.

Easy accessibility of online purchasing for automotive products, including automotive lead acid batteries, supports market expansion in the forecast period.

Growing vehicle ownership and rapid urbanization, coupled with industrialization, are leading the market growth for automotive lead acid batteries.

Technological advancements to enhance durability and reduce maintenance demand are fostering the growth of the automotive lead acid battery market in Japan.

Report Scope

“Japan Automotive Lead Acid Battery Market Assessment, Opportunities and Forecast, FY2018-FY2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of Japan automotive lead acid battery market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/japan-automotive-lead-acid-battery-market

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Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: info@marketsandata.com Website: https://www.marketsandata.com

[delightfullyatomiccollector-blog]

The global automotive battery management system (BMS) market size is expected to grow from  USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028. An automotive BMS is a crucial component of electric vehicles (EVs) that accurately monitors, protects, and optimizes the performance of the battery of electric vehicles. The BMS is responsible for ensuring the battery's safety, preventing it from operating outside its safe area. The main functions of an automotive BMS include monitoring, protection, optimization, integration, scalability, safety, and compliance.

[kingsresearchinfo]

Hybrid Vehicle Market Primed for Steady Growth with Advancements in Technology and Strategic Investments

Hybrid Vehicle is poised for significant expansion over the coming decade. According to a comprehensive analysis by Kings Research, the market, valued at $226.52 billion in 2023, is projected to surge to an impressive $226.52 billion by 2031, representing a compound annual growth rate (CAGR) of 16.19% during the forecast period from 2024 to 2031.

Top Key Players Featuring:

Mercedes-Benz AG, BMW AG, Honda Motor Co., Ltd., AB Volvo, Stellantis NV, Volkswagen, Ford Motor Company, TOYOTA MOTOR CORPORATION, Hyundai Motor Company, Kia Corporation

Browse Full Report Details Followed by TOC @ https://www.kingsresearch.com/hybrid-vehicle-market-688

Regional Insights:

Asia-Pacific: This region is set to be the fastest-growing and largest market for hybrid vehicles, with a projected CAGR of 16.82% from 2024 to 2031. The market value in Asia-Pacific is expected to reach $313.98 billion by 2031. Countries like China and Japan are leading the charge, thanks to supportive government policies, advanced manufacturing capabilities, and growing consumer awareness

North America and Europe: These regions are also witnessing substantial growth due to stringent emission standards and strong consumer interest in sustainable automotive solutions. Major manufacturers in these regions are investing heavily in hybrid technology to meet regulatory requirements and consumer demand 

Future Outlook:

The hybrid vehicle market is set for robust growth, driven by technological advancements, increasing consumer demand for sustainable transportation, and supportive government policies. As manufacturers continue to innovate and expand their hybrid offerings, the market is expected to witness accelerated growth, further cementing hybrid vehicles as a key component of the global automotive landscape.

Key Drivers of Growth

Environmental Regulations and Consumer Demand: Increasingly stringent emissions regulations and a growing consumer preference for environmentally friendly transportation options are major catalysts. Hybrid vehicles, which combine internal combustion engines with electric propulsion systems, offer reduced emissions and better fuel efficiency compared to traditional vehicles

Technological Advancements: Innovations in hybrid technology, particularly in battery efficiency and plug-in hybrid capabilities, are enhancing vehicle performance and making hybrids more attractive to consumers. These advancements contribute to the overall reduction in total cost of ownership, further boosting market adoption

Government Incentives: Many governments worldwide are providing incentives such as tax rebates, subsidies, and reduced registration fees to encourage the adoption of hybrid andelectric vehicles. These incentives are making hybrid vehicles more accessible and financially viable for a broader range of consumers 

Market Segmentation: -

By Vehicle Type

Passenger Cars: This segment is anticipated to dominate the market, with an expected market value of $626.33 billion by 2031. The increasing demand for fuel-efficient and low-emission passenger cars is a significant growth driver.

Commercial Vehicles: Growth in this segment is also expected as businesses seek to reduce operational costs and meet regulatory requirements for emissions

By Degree of Hybridization

Mild Hybrids: These vehicles use a smaller electric motor and battery to assist the internal combustion engine, offering marginally better fuel efficiency.

Full Hybrids: These vehicles can run on the electric motor alone for short distances and are more fuel-efficient than mild hybrids.

Plug-in Hybrids: These vehicles have larger batteries that can be recharged by plugging into an external power source, offering significant reductions in fuel consumption and emissions

Contact Us:

Kings Research

Website: https://www.kingsresearch.com

E-mail: business@kingsresearch.com 

Phone: (+1) 888 328 2189

[industrynewsupdates]

Lead Acid Battery Market Growth: Key Drivers and Opportunities

The global lead acid battery market size is expected to reach USD 55.23 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.6% from 2023 to 2030.

Lead-acid batteries have been used in a wide range of applications for many years, and there is a well-established infrastructure for manufacturing, distribution, and recycling. This makes them a convenient and cost-effective choice for many applications.

While lead-acid batteries are a mature technology, there have been significant improvements in recent years, such as the development of valve-regulated lead-acid (VRLA) batteries that offer improved performance and longer service life. This is expected to boost the demand for lead acid batteries for the forecast period.

Lead-acid batteries are relatively inexpensive compared to other battery technologies, making them an attractive option for applications that require a large amount of energy storage. Large scale production capabilities from market players have a reduced the prices by achieving economies of scale and increasing production efficiency. The demand from low cost consumer electronics is expected to drive the market from 2023 to 2030.

Gather more insights about the market drivers, restrains and growth of the Lead Acid Battery Market

Lead Acid Battery Market Report Highlights

• In terms of revenue, the SLI batteries of accounted for a significant share in the market in 2022 and is further expected to witness steady growth over the forecast period

• Asia Pacific region is projected to grow at a substantial rate throughout the forecast period. Japan is expected to account for the maximum share in the Asia-Pacific region

• Automotive segment dominated the industry, accounting for 58.92% of total market revenue in 2022

• Flooded segment accounted for the largest share of 65.66% in the market in 2022

• North America is likely to display a substantial growth rate during the projected period

Browse through Grand View Research's Power Generation & Storage Industry Research Reports.

• The global advanced battery market size was valued at USD 78.8 billion in 2024 and is projected to grow at a CAGR of 10.5% from 2025 to 2030.

• The global air electrode battery market size was valued at USD 1.51 billion in 2024 and is projected to grow at a CAGR of 11.2% from 2025 to 2030.

Lead Acid Battery Market Segmentation

Grand View Research has segmented the global lead acid battery market based on product, construction method, application, and region:

Lead Acid Battery Product Outlook (Revenue, USD Million, 2018 - 2030)

• SLI

• Stationary

• Motive

Lead Acid Battery Construction Method Outlook (Revenue, USD Million, 2018 - 2030)

• Flooded

• VRLA

Lead Acid Battery Application Outlook (Revenue, USD Million, 2018 - 2030)

• Automotive

• UPS

• Telecom

• Electric bikes

• Transport vehicles

• Others

 Lead Acid Battery Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

• Europe

o UK

o Germany

o Italy

o Russia

• Asia Pacific

o China

o India

• Central and South America

o Brazil

• Middle East and Africa

o South Africa

o UAE

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[chemicalsindustry]

Ethylene Carbonate Market Industry Leaders Size & Share Outlook & New Revenue Pockets

The ethylene carbonate market is projected to grow from USD 0.8 billion in 2024 to USD 1.5 billion by 2029, at a CAGR of 14.4% from 2024 to 2029. The expansion of the ethylene carbonate market is propelled by increasing demand for its use in lithium battery electrolytes. The growing sales of electric vehicles drive this surge, as consumers increasingly prefer high-quality and sustainable products. However, the market faces challenges due to fluctuating raw material prices.  

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The ethylene carbonate market is segmented into solid and liquid forms, with the liquid segment expected to demonstrate the most robust growth rate. This growth is attributed to the increasing demand for ethylene carbonate as a critical component in lithium-ion battery electrolytes. The rapid adoption and production escalation of electric vehicles globally are primary drivers of this demand surge. Ethylene carbonate in its liquid form plays a crucial role in enhancing the performance and stability of lithium-ion batteries by facilitating efficient ion transport, thereby improving energy storage capacity and battery lifespan. As electric vehicle manufacturers strive to meet stringent performance and safety standards, the demand for high-quality electrolyte materials like ethylene carbonate continues to rise.

The automotive sector is poised for the most rapid growth by end-use industry segmentation. This growth is propelled by the escalating global demand for sustainable energy solutions, particularly in electric vehicles (EVs). Ethylene carbonate is critical in producing lithium-ion battery electrolytes, crucial for achieving efficient energy storage and extended battery life in EVs. Additionally, the automotive sector increasingly focuses on lightweight materials with enhanced durability to improve vehicle performance and fuel efficiency. Ethylene carbonate is utilized in manufacturing lightweight plastics and as a solvent in coatings and adhesives, aligning with these objectives.

In terms of application segmentation, the lithium battery electrolyte application is anticipated to experience substantial growth during the forecast period. This growth is fueled by the increasing demand for ethylene carbonate in formulating battery electrolytes for lithium-ion batteries. The automotive industry's shift towards sustainable and clean energy sources, driven by widespread EV adoption, is a key driver of this growth. Ethylene carbonate's role in enhancing lithium-ion battery performance and stability by facilitating efficient ion transport supports its crucial application in EVs.

Asia Pacific emerges as the most significant and fastest-growing market for ethylene carbonate. This growth is primarily driven by the region's increasing consumption of ethylene carbonate across diverse industries. Key growth drivers include rising demand for lithium battery electrolytes, plasticizers, and surface coatings, particularly from major economies such as China, South Korea, Taiwan, and Japan. These countries are witnessing significant industrial growth, supported by robust manufacturing capabilities, competitive production costs, and strong economic growth rates.  

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Many major players, such as China and South Korea, are expanding into the emerging economies of Asia Pacific to explore the region's untapped markets. Moreover, the low cost of setting up and operating manufacturing facilities is driving the growth of the ethylene carbonate market in the region.

Key players operating in the ethylene carbonate market include companies such as Oriental Union Chemical Corporation (Taiwan), Huntsman (US), Shandong Shida Shenghua Chemical Group Co., Ltd. (China), Mitsubishi Chemical (Japan), and Toagosei Co., Ltd. (Japan) are the leading ethylene carbonate players, globally. Asahi Kasei (Japan), New Japan Chemical Co. Ltd (Japan), Zibo Donghai Industries Co. Ltd. (China), and Shandong Senjie Cleantech Co. Ltd (China). These companies have widespread manufacturing facilities, an established portfolio of ethylene carbonate, a robust market presence, and strong business strategies. These factors are attributed to their progression in the ethylene carbonate market.