Global Automotive Energy Storage System Market by Type (Flywheel, Batteries, Super Capacitors), By Application (Electric Vehicles, PHEV (Plug in Hybrid Vehicles), HEV (Hybrid Electric Vehicles)) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global automotive energy storage system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles and hybrid electric vehicles across the globe. In addition, technological advancements in automotive energy storage systems are also contributing to the growth of this market. The global automotive energy storage system market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into flywheel, batteries and super capacitors. The batteries segment is expected to hold a major share in terms of revenue in 2018 owing to its high adoption rate in electric vehicles and hybrid electric vehicles across regions. However, over time, super capacitors are anticipated to witness higher growth as compared with other segments due their ability store more power within a smaller footprint as well as faster charging times when compared with batteries. 



Get Free Sample Report

Product Definition:

An automotive energy storage system is a type of electrical battery that is used to store energy in an electric or hybrid vehicle. This type of battery helps to improve the performance and efficiency of the vehicle by allowing it to use stored energy to power its electric motor. The automotive energy storage system is important because it helps reduce emissions from the vehicle and improves fuel economy.

Flywheel:

The flywheel is a mechanical device that stores energy. It uses the inertia of a rotating mass to store and regenerate power. The most common usage of flywheel in automotive ES system is to smooth out the flow of current from battery to battery when starting or charging up from low power sources like solar panels or small generator.

In an automotive ES system, there are two basic components which are used for storing energy; batteries and flywheel.

Batteries:

Batteries and it's usage in Automotive Energy Storage System market is expected to witness significant growth over the forecast period. The primary factors that are driving this market include growing demand for hybrid electric vehicles, increasing awareness regarding renewable energy sources, and rising demand for power-efficient solutions.

Application Insights:

The electric vehicles segment dominated the global automotive energy storage system market in 2017 and is expected to continue its dominance over the forecast period. Increasing demand for electric passenger cars owing to government regulations that favor green technologies is projected to drive growth. For instance, in the U.S., tax credits of USD 7,500 are granted on purchasing an Electric Vehicle (EV) with battery capacity above 8 kilowatt-hours. Such favorable policies are anticipated to increase consumer awareness regarding cost-effective energy solutions and propel demand over the forecast period.

Moreover, increasing sales of EVs such as Tesla Model S and Nissan LEAF have boosted manufacturing capabilities across several regions including Europe, China and Japan resulting in increased product availability which has further accelerated penetration rates globally.

Regional Analysis:

Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2017 owing to increasing demand from developing economies such as China and India. In addition, growing adoption of electric vehicles in countries such as Japan and South Korea is anticipated to drive the industry growth over the coming years. Europe accounted for a significant share in terms of revenue due to stringent government regulations regarding carbon emissions coupled with rising emphasis on fuel economy.

Growth Factors:

Increasing demand for electric vehicles: The automotive energy storage system market is expected to grow significantly in the coming years owing to the increasing demand for electric vehicles. This is mainly because of the rising concerns over environmental pollution and global warming.
Government initiatives and regulations: Governments across the globe are promoting the use of electric vehicles by introducing various incentives such as subsidies, tax rebates, and parking privileges. In addition, they are also formulating stringent regulations related to emissions from internal combustion engines, which is further propelling the growth of this market.
Development of advanced technologies: The development of advanced technologies such as lithium-ion batteries and solid-state batteries is aiding in enhancing the performance of automotive energy storage systems, thereby driving their uptake across different vehicle segments.
Growing investments by key players: Key players in this market are investing heavily in research & development activities with a view to developing innovative products that can cater to various requirements posed by end users globally. This is helping them consolidate their position in this highly competitive landscape”


Get Free Sample Report
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Energy Storage System Market Research Report
By Type
Flywheel, Batteries, Super Capacitors
By Application
Electric Vehicles, PHEV (Plug in Hybrid Vehicles), HEV (Hybrid Electric Vehicles)
By Companies
Shin-Kobe Electric Machinery Co., Ltd. (Hitachi), Panasonic Corporation, EnerSys, Johnson Controls, GS Yuasa Corporation, Leoch International Technology Limited, Exide Technologies, East Penn Manufacturing Company, Yinlong, Shin-Kobe Electric Machinery Co., Ltd. (Hitachi)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.

Global Automotive Energy Storage System Market Report Segments:
The global Automotive Energy Storage System market is segmented on the basis of:
Types
Flywheel, Batteries, Super Capacitors
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Electric Vehicles, PHEV (Plug in Hybrid Vehicles), HEV (Hybrid Electric Vehicles)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Shin-Kobe Electric Machinery Co., Ltd. (Hitachi)
Panasonic Corporation
EnerSys
Johnson Controls
GS Yuasa Corporation
Leoch International Technology Limited
Exide Technologies
East Penn Manufacturing Company
Yinlong
Shin-Kobe Electric Machinery Co., Ltd. (Hitachi)



Get Free Sample Report

Highlights of The Automotive Energy Storage System Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Flywheel
Batteries
Super Capacitors
By Application:
Electric Vehicles
PHEV (Plug in Hybrid Vehicles)
HEV (Hybrid Electric Vehicles)
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Energy Storage System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

Frequently Asked Questions?