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The AGM battery segment is expected to exceed USD 3.4 billion by 2032, driven by its superior performance, longevity, and efficiency. The rise in start-stop system adoption, spurred by stringent emissions regulations and the need for improved fuel efficiency, is boosting demand. Additionally, the increasing popularity of electric and hybrid vehicles, which often rely on AGM batteries for their high energy demands and reliability, and the growing consumer preference for advanced automotive technologies, further propel market growth.
The PV segment is anticipated to achieve a CAGR of over 4% through 2032, driven by increasing consumer demand for fuel-efficient and environmentally friendly vehicles is a major growth driver, as start-stop batteries help reduce emissions and improve fuel economy. Additionally, stringent government regulations aimed at lowering CO2 emissions are encouraging the adoption of start-stop systems in personal vehicles. The rising popularity of electric and hybrid cars, which often incorporate start-stop technology, is further contributing to this growth. Moreover, advancements in battery technology are enhancing the performance and reliability of these systems, making them more attractive to consumers.
The automotive start-stop battery market in Germany is projected to surpass USD 800 million by 2032, propelled by stringent environmental regulations aimed at reducing vehicle emissions, which have prompted automakers to adopt start-stop technology to enhance fuel efficiency and comply with regulatory standards. In 2019, the EU implemented Regulation (EU) 2019/631, establishing CO2 emission performance benchmarks for new passenger cars and light commercial vehicles.
Additionally, the growing consumer preference for vehicles that offer improved fuel economy and lower carbon footprints is boosting the demand for start-stop batteries. The advancement of battery technology, particularly in AGM and EFB types, is also contributing to market growth by offering enhanced performance and durability in harsh automotive environments.