The global Automotive
Battery Plate Market share report
provides numbers for applications and regional segments of the industry
covering historical as well as forecast data for decision makers. Increasing
investments in battery cell production to minimize fuel consumption and
increase its life span may enhance the automotive battery plate market. For
instance, Nissan and Tesla are heavily investing to upgrade the product.
Rising environmental concerns is spurring
the demand for plug-in hybrid electric vehicles and electric vehicles in many
regions to reduce the carbon footprint. Rising production of electric powertrains
across the world will strengthen the industry position. High adoption rate for
electric vehicles will enhance the aftermarket demand for the product as well.
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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.
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.
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.
The product is used with batteries such as lithium ion,
solid state, Nickel cadmium, nickel metal hydride, aluminum ion, lithium
sulfur, and metal air. Lithium ion is majorly used in electric vehicles and
estimated to remain dominant during the projected time frame. Solid state
provides advantages such as flame resistance, extended lifetime, less need for
expensive & bulky cooling, and operate in high temperatures.
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.
Players of the automotive battery plate
market are Everlite, Exide technologies, Amtek Batteries, V.B. Corporation,
ElectriPlast Corp., and NIPPON DENSO.
For instance, in April 2017, Exide
technologies launched GNB Marathon FPX flat battery plate and is available with
dealers across North America. Aftermarket demand for the product is observed
owing to its shorter lifespan. The regular inspection, testing, and charging of
the product may increase its longevity.
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