Pune, India -- (SBWIRE) -- 10/25/2018 -- "Our latest research report entitled Automotive Battery Market (by battery type (lithium-ion, lead-acid, nickel-based and sodium-ion), type vehicle type (passenger vehicles, commercial vehicles and electric vehicles)) provides complete and deep insights into the market dynamics and growth of Automotive Battery. Latest information on market risks, industry chain structure Automotive Battery cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Automotive Battery growth factors.

The forecast Automotive Battery Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Automotive Battery on the global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report."

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Use of Lithium-Ion Batteries to Promote Growth in the Automotive Battery Market

Growing demand for the automobile industry and stringent emission standards set by numerous government agencies are the major factors driving the growth of the automotive battery market. In addition, the new fuel-saving technology such as micro-hybrid systems are also leading the higher battery usage. The use of lithium-ion batteries is proving quite beneficial as they are light in weight and provide greater efficiency. This in turn has a positive impact on the growth of the automotive battery market. Growing demand for transportation and the launch of new hybrid and new electric automotive models are fuelling the growth of the automotive battery market. However, safety issues related to battery and constant fluctuation in the prices of raw materials such as nickel and lead are likely to restrain the growth of the automotive battery market during the forecast period. Furthermore, increase in research and development in for fuel cell based automobile and development of nanotechnology-based lithium batteries are some of the factors further providing several growth opportunities for the key players in the automotive battery market over the upcoming years.

The Asia Pacific to Dominate the Global Automotive Battery Market

Asia Pacific region is anticipated to be the fastest growing region for the automotive battery market. The growth in the Asia Pacific region is high due to increasing a number of passenger vehicles and rising deposable income to eventually foster growth in the automotive battery market. Moreover, the Strong presence of lead-acid battery manufacturers such as Exide, Johnson Controls, and Odyssey in the U.S. is expected to promote market growth in the European region. On the other hand, Government initiatives to provide subsidies based on the price difference between Electrical Vehicles and Internal Combustion Engine (ICE) enabled vehicles, with a maximum limit of Yen 85,000 are also providing a boost to the market in Asia Pacific regions.

Exide Announced Entry into Lithium-Ion Batteries Industry

In June 2018-Exide Industries Ltd, India's largest manufacturer of lead-acid storage batteries and power storage solutions provider (BSE: 500086) and Leclanché SA (SIX:LECN) one of the world's leading energy storage solution companies, headquartered in Switzerland, announced a joint venture to build lithium-ion batteries and provide energy storage systems for India's electric vehicle market and grid-based applications.

As part of the JV, Leclanché will provide access to its know-how and intellectual property for lithium-ion cells, modules and battery management systems and Exide Industries will leverage its extensive sales network and brand. Because of this unique combination, the JV is ideally positioned to be a leading provider of storage solutions for electric vehicles and energy storage applications in India and will also contribute to developing solutions to increase the amount of renewable energy that is used and reduce India's dependence on fossil fuels.

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Renault-Nissan Battery Aims To Leapfrog Competition on New Battery Technology

In March 2018-The Renault-Nissan-Mitsubishi Alliance is aiming to take the lead in new solid-state battery technology. Solid-state batteries are smaller, cheaper and can work at a higher capacity than alternatives, such as lithium-ion, currently widely used in the industry.

Solid-state batteries are smaller, cheaper and can work at a higher capacity than alternatives, such as lithium-ion, currently widely used in the industry. Gilles Normand, Renault's head of electric vehicles, told the Financial Times, "The technology promises huge advantages over current lithium-ion batteries in cost, density, and thermal stability.