Persistence Market Research digs deep into the global TPMS battery market and fetches key information through structured market research. The report
reveals that the CR type battery will dominate the market and is
estimated to hold more than an 80% market value share.
It is expected to grow with a CAGR (Value) of 8.4% by the end of the
forecast period 2026. The present estimated value of the global TPMS
Battery market is more than US$ 451.6 Mn in 2018 and the market will
expand with a CAGR of 8.2% to reach US$ 847.4 Mn by the end of 2026.
Global TPMS Battery Market Dynamics
The global TPMS battery market is estimated to be driven by the increasing
production of vehicles across the globe. Healthy growth in the
automotive industry will also be a prime factor supplementing market
growth. Growing regulations that mandate the installation of TPMS in
developed regions such as North America, Europe and China act as a
catalyst in the overall growth of the TPMS battery market.
Moreover, the increasing adoption of automotive safety systems is the key factor
driving the growth of the tire pressure monitoring systems (TPMS)
market. This will further upsurge the demand for TPMS batteries over the
forecast period. Product development is expected to remain the major
focus area for leading players in the market.
On the other hand, one of the major challenges faced by TPMS battery
manufacturers is that new TPMS sensors requires no batteries, which is
anticipated to hamper the growth of the TPMS battery market over the
forecast period. Moreover, TPMS sensors help in tracking vehicles, which
is also expected to hinder the growth of the TPMS & TPMS battery
market in the near future. Leading players in the market are observed to
use research & development as a major part of their strategy to
launch new and innovative products.
Global TPMS Battery Market Forecast
Market insights suggests that the overall width of the global TPMS battery
market will expand within the forecast period. Several positive changes
are expected to fuel the growth of the market. The market is relatively
small and each portion has a crucial role to play.
By battery type, the CR type battery segment will play a pivotal role in
building market revenue and is expected to occupy a major share of the
market. The report hints that the lithium ion segment by type will
account for a value share of 92.0% in the global TPMS battery market.
Global TPMS Battery Market: Competitive Landscape
Some of the key market participants reported in this study of the global
TPMS battery market include Murata Manufacturing Co., Ltd., Panasonic
Corporation, Maxell, Ltd., Duracell Inc., The Swatch Group (Renata SA),
BE-Power GmbH, EVE Energy Co., Ltd., Guangzhou Mai Sheng Energy
Technology Co Ltd, Suzhou South Large Battery Co., Ltd. and Shenzhen
Pkcell Battery Co., Ltd.
TPMS Battery Market Global Industry AnalysisBattery Type
- CR Type Battery
- CR 2032
- CR 2430
- CR 2320
- BR Type BatteryCapacity
- Up to 350 mA
- Above 350 mAType
- Lithium ion
- Nickel Metal HydrideSales Channel
- OES (Original Equipment Supplier)
- IAM (Independent Aftermarket)Distribution Channel
- Offline Sales
- Online SalesRegion
- North America
- Latin America
- Europe
- South East Asia & Pacific
- China
- Japan
- Middle East & Africa (MEA)
