Global Automotive AGM Battery Market 2023-2030

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    GLOBAL AUTOMOTIVE AGM BATTERY MARKET

     

    INTRODUCTION

     

    When you open the hood of a car and don’t find a battery there, chances are high that the vehicle has AGM (Absorbent Glass Mat) battery.

     

    It differs from a typical flooded battery in a sense that the electrolyte is held in glass mats. The self-discharge rate of AGM batteries is very low and the recharging times is typically 2.5X-3X that of flooded lead acid battery. Thus, they are predominantly used in micro, mild and plug-in hybrid vehicles, where engine start-stop is a standard feature.

     

    To know more about Global Electric Vehicle (EV) Solid State Battery Market, read our report

     

    MARKET DYNAMICS

     

    Vehicle electrification, both in terms of powertrain as well as comfort and convenience features are the biggest drivers of automotive AGM battery market. The growing list of comfort features in a car include the likes of powered, heated and ventilated seats, ambient lighting, multi-zone climate control, touch-screen infotainment system, electric HVAC compressor etc.

     

    Most of the battery companies generate a significant chunk of their revenue from replacement market. In case of AGM batteries, the global installed base is much lower than that of conventional, flooded Lead acid batteries.

     

    The OEs have already developed next generation start-stop vehicles paired with 12-volt lithium ion as well as micro hybrid paired with 48-volt lithium ion systems. The AGM batteries required for these applications will be more powerful than the present ones.

     

    As of Oct, `19, Europe has the biggest the installed base, therefore it will account for the biggest chunk of replacement demand. Going, forward we expect China to become the biggest market for automotive AGM batteries, both for OE as well as replacement market segment.

     

    Johnson controls has even launched a Start-stop battery training workshop in Aug`18 to improve the improve the competitiveness of workshops.

     

    The IOT penetration in battery technologies is finally happening. Earlier it was only limited to BEVs where BMS(battery management systems) constantly monitor the health of battery.

     

    In coming years, we expect aftermarket batteries with embedded sensors passing on battery health information to the infotainment system or even the vehicle app. The growing IOT penetration will be a major driver for automotive AGM battery market.

     

    MARKET SEGMENTATION

     

    automotive agm battery market segmentation

     

    MARKET SIZE AND FORECAST

     

    As governments around the world look to mitigate urban congestion and pollution, BEV (Battery Electric vehicles) seem like the ultimate solution. But, is it practical enough right now? certainly not.

     

    Very few EVs have a range comparable to gas powered vehicles and the recharging times are impractical.  That leaves us with the bridge gap or “hybrid” solution.

     

    It costs an OEM about $1,100-$1,400 to convert a gas-powered vehicle to a 48V mild-hybrid vehicle. A major chunk of the increased cost is due to batteries and associated power electronics. Among all variety of hybrids, 48V Mild-hybrid is the fastest growing segment in the automotive industry today and also the biggest driver of automotive AGM battery market.

     

    Europe is the global leader in start-stop systems. The erstwhile certifying NEDC cycle rewarded 5% fuel economy just from addition of start-stop system. Moreover, once crude oil prices started trading higher on account of looming Euro crisis in 2012, it resulted in an unprecedent rise in start-stop installation post 2010 in EU.

     

    Other major markets like US and China, showed comparatively lower interest in this technology but things have changed very quickly in past 2-3 years or so. US, although lagged in start-stop system installation earlier, has caught up fast now.

     

    In 2018, Start-stop penetration in China, world`s biggest car market was ~34%. It is expected to go up to 58% by 2022.Therefore, we foresee tremendous volume and value growth in this market, all the way till 2025.

     

    NEW TECHNOLOGY

     

    Start-stop puts a strain on battery technology.Ordinary lead-acid battery technology has a short lifetime in start-stop uses, so battery makers have come up with new ideas for handling the frequent charge-discharge that characterises start-stop.

     

    Europeans are well aware of the 15% increase in fuel efficiency that can be achieved by turning off your engine at a stoplight. There has been stop-start technology that automates this operation for a while. However, stop-start is simple to install with manual gearboxes, which are typical of the majority of European automobiles.

     

    Automatic transmissions, which make up 90% of North American sales, are less simple to implement. Nonetheless, stop-start is coming to the United States. General Motors will be among the first automakers to make the eAssist stop-start technology a standard feature. It will be standard on the 2012 Buick LaCrosse sedan and an option on the midsize 2012 Regal.

     

    However, multiple automobile technologies must evolve before stop-start is feasible. Starters, for example, must be strengthened to withstand increased usage. Vehicle batteries are more troublesome; standard flooded lead-acid systems do not hold up well to the considerably greater rate of demand imposed by stop-start.

     

    Conventional lead-acid batteries typically operate at 100% charge and are designed to survive significant overcharging. However, batteries in start-stop cars spend a lot more time in a half discharged condition.

     

    On the battery’s negative plate, this situation encourages the buildup of lead sulphate. The substance is created during discharge when soluble lead ions join with sulphate to form crystals of lead sulphate.

     

    The process of dissolving a large portion of the lead sulphate produced by traditional lead-acid batteries in order to rebuild soluble lead ions is known as dissolution. Deposition is the process by which these soluble lead ions finally pick up electrons and change back into lead.

     

    Due to the limited availability of the chemical intermediate, soluble lead ions, this two-step dissolution/deposition process unfortunately restricts the number of charge cycles and the amount of charge lead-acid batteries can absorb. In the beginning, the lead sulphate crystals in the negative plate are tiny.

     

    Power Supplies Eetweb Com Excideagm These crystals gradually become bigger and become more challenging to dissolve with repeated cycles, though. This increases the time needed to charge the battery and reduces the number of charge cycles that are feasible.

     

    While being somewhat vague on the specifics of how the compression structure decreases the development of lead sulphate, Cheeseman claims that it is one of the things that contributes to the battery’s extended lifespan in stop-start situations.

     

    Power Supplies Eetweb Com Axion The PbC battery is another battery designed for stop-start applications, according to its creator, Axion Power International Inc.

     

    According to Axion, the battery combines a typical lead-acid battery’s lead dioxide positive electrode with an exclusive negative electrode made of activated carbon that resembles a supercapacitor.

     

    The energy storage method for the negative electrode is based on highly reversible non-Faradaic, electrostatic, ion adsorption at the carbon surface, whereas the positive electrode includes the conventional conversion of lead dioxide to lead sulphate.

     

    COMPETITIVE LANDSCAPE

     

    Johnson controls was among the market leaders in automotive AGM batteries and has produced more than 35 Million AGM batteries till 2018.But, now it has sold its battery business.

     

    Seeing a global rise in demand for AGM batteries, the company had committed ~$780M in 2016 for expansion of manufacturing facilities in North America. India based Exide technologies is the second biggest player in Europe. EnerSys recently signed a 4-year agreement to supply Navistar with its AGM batteries.

     

    The battery companies are also looking up to India as a very important market. India has already surpassed Germany to become world`s fourth biggest automotive market.

     

    Maruti Suzuki-the market leader in India , with 51% market share is already looking at bringing more mild-hybrids to market. The market leader in Amara Raja and Johnson Controls have recently signed a deal to bring AGM technology to India.

     

    COMPANY PROFILES

    1. GS Yuasa
    2. Johnson Controls
    3. Exide Industries
    4. Enersys Inc.
    5. Panasonic Corporation
    6. East Penn Manufacturing
    7. A123 Systems
    8. ACDelco

     

    1 Market Segmentation 3
    2 Executive Summary 5-6
    3 Introduction 7-17
    4 Market Size ,Dynamics and Forecast By Battery Size 18-29
    5 Market Size ,Dynamics and Forecast By Geography 30-45
    6 Market Size ,Dynamics and Forecast By End use segment 46-55
    7 Competitive Landscape 56-57
    8 Company Profiles 59-73
    9 Unmet needs and Market Opportunity for suppliers 74-75
    10 Conclusion 75-76
    11 Appendix 77-90
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