IC Engine Battery Market by Engine Type (Gasoline, Diesel, Alternate Fuels), by Battery Type (Lithium-ion, Lead-acid, Others), by Vehicle Type (Passenger Cars, Commercial Vehicles), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The IC Engine Battery Market size was valued at USD 71.2 USD Billion in 2023 and is projected to reach USD 112.11 USD Billion by 2032, exhibiting a CAGR of 6.7 % during the forecast period. An IC engine battery is an important electrical power source for igniting the fuel charge, for starting an IR engine, and other accessories. Some of the others are the lead-acid battery which is so popular due to its reliability and cheap in the market; AGM (Absorbent Glass Mat) due to its durability and self-usage; and gel types which allow deep discharge and are safer to use. The following are characteristics of these batteries; they have high cranking power, long cycle life and they are shockproof. Uses range from automotive industry, marine, and small engine uses that require a reliable starting of the engine and to power necessary electrical functions. Their function is crucial to the efficient running of the engines and the general working of the automobiles.
IC Engine Battery Trends
Engine Type:
Battery Type:
Vehicle Type:
Leading players in the IC Engine Battery market adopt a variety of pricing strategies, including:
The major DROCs (Demand-Response Opportunities and Challenges) in the IC Engine Battery market include:
Strengths:
Weaknesses:
Opportunities:
Threats:
Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.7% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 6.7% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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