Automotive Battery Plate Market: Growth & Trend Analysis 20-2026
Category: #Technology  By Partha Ray  Date: 2020-05-18
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Automotive Battery Plate Market: Growth & Trend Analysis 20-2026

The automotive battery plate market report, in a nutshell, is a composition of very vital aspects. The study aims to simplify the understanding of the industry for potential stakeholders and help them streamline the process of business decision-making. Pivotal details such as the SWOT analysis, Porter’s analysis, and industry impact forces are mentioned in the report, that also elucidates substantial information pertaining to the pitfalls and challenges prevailing in the industry.

Increased automobile production is expected to boost the global automotive battery plate market. OEMs are engaged in expanding their manufacturing facilities in a region where the labor cost is cheap and easily available. Increasing sales of commercial vehicles will lead to industry growth.

Lithium ion is the most widely used chemical in the existing products. The plates immersed in acids reacts and generates electricity. Over a time period the battery loses water and leads to warpage of the plates. When the driver starts engine, heavy power demand may cause the warped plates to spark thereby leading to automobile explosion. The National Highway Traffic Safety Administration (NHTSA) observed many injuries due to several similar explosions. The related accidents may hamper the automotive battery plate market growth rate.

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Technological advancements may enhance the technical specifications of the battery plate used in automobiles to offer light weight model, low cost, and long sustainability in chemicals. For instance, ElectriPlast bi-polar plate will serve the purpose of high performance, cost efficiency, and efficacy. The added features include high temperature stand loss, capacity at rate, and life cycle. Servo mount and carbon fibre battery plate offer improved specifications. These enhanced features of the product may spur the demand for automotive battery plate market globally.

Product problems encountered can be kept at minimal if a correct product in right condition is used for right purpose. Necessary standards are to be maintained by the manufacturers to supply the products to automobile vendors and dealers for aftermarket. CCA readings are measured as per number of international standards such as EN, DIN, SAE, and IEC. In EN 50342 standard two requirements are EN1 & EN2 indicating conductance testers are calibrated. Safety concerns taken into consideration may give growth opportunity for the automotive battery plate market size.

In substance, the automotive battery plate market report analyses the industry landscape in terms of numerous parameters, like the driving forces impacting the revenue scale of this industry and the ongoing trends defining the industry spectrum. In addition, the study mentioned the industry insights, market segmentation, and is also inclusive of information pertaining to the companies that partake in automotive battery plate industry share.

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Asia Pacific is the largest auto industry in the world. In China, the industry growth is attributed to its huge population coupled with rising per capita income for personal transportation that cannot be met using traditional technologies. The vehicle production is expected to grow over 40 million by 2025. China holds the largest automotive battery plate market owing to increasing adoption rate for electric vehicles and hybrid electric vehicles. In 2016, over 500,000 were sold in China which indicates 53% increase from the previous year.

 

 

About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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