Start-Stop Batteries: Global Strategic Business Report

Global Start-Stop Batteries Market to Reach $22.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Start-Stop Batteries estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$22.6 Billion by 2027, growing at a CAGR of 20.7% over the analysis period 2020-2027. Lead-Acid, one of the segments analyzed in the report, is projected to record a 22.3% CAGR and reach US$13.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Li-Ion segment is readjusted to a revised 16.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 27.4% CAGR

The Start-Stop Batteries market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2027 trailing a CAGR of 27.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.7% and 18.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 16.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.4 Billion by the year 2027.

Other Types Segment to Record 21% CAGR

In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 21% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$915.5 Million in the year 2020 will reach a projected size of US$3.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 22.7% CAGR through the analysis period.

Select Competitors (Total 39 Featured) -

• A123 Systems LLC

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