Global Lead Acid Battery Market to Grow at a Steady CAGR of 4% through 2026

A new business intelligence study titled “Lead Acid Battery Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the research study, the lead acid battery market is projected to grow at a CAGR of 4% during the assessment period.

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According to the research study, the lead acid battery market is likely to be driven by the resurgence in the automotive industry. The growing automotive sales in North America, combined with strength of the industry in Asia Pacific is likely to create opportunities for key players in the market. However, availability of alternatives, and growing pervasiveness of electric vehicles is likely to hinder the growth prospects of the lead acid battery market during the assessment period.

As per the report, consumers are preferring hybrids so the manufacturers in lead acid battery market have started to focus primarily on enhanced capacity levels of individual use batteries and also developing new technologies for faster recharging and guaranteed stabilization. Growing emphasis on energy-efficiency, combined with focus on price reduction to stay competitive in the market are among the key trends in the market.

The report offers a comprehensive analysis on the key influencing factors for lead acid battery market during the assessment period. The key drivers, restraints, opportunities, and threats impacting the market have been discussed in detail in the report. A detailed competitive landscape that profiles some of the leading players in the market has also been included in the report.

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According to the report, North America and Asia Pacific are among the largest markets for lead acid battery market globally. The demand for lead acid battery in North America is driven by steady demand from behemoth automotive industry in the US. In addition to North America, Asia Pacific is also expected to offer significant growth opportunities for the growth of the market during the assessment period.

The business intelligence study offers in-depth analysis and insights on the lead acid battery market around the globe. The business and product strategies of some of the key players in the market have been covered in detail in the report. The report also profiles the prevailing competitive scenario in the market, along with information on mergers and acquisitions. Some of the leading players profiled in the research study include HBL Power Systems Limited,Exide Technologies, Amar Raja Batteries Ltd, EnerSys, JOHNSON CONTROLS INTERNATIONAL PLC, EXIDE INDUSTRIES LTD., GS Yuasa Corporation, etc. First National Battery, FIAMM Energy Technology S.p.A., NorthStar, HOPPECKE, C&D Technologies, Inc., East Penn Manufacturing Co., Crown Battery Manufacturing Co., and Trojan Battery Company.

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This release was published on openPR.