Press release
Lead Acid Battery Market to Witness Steady Growth at 7.3% CAGR During 2014 - 2020
By application type, the global lead acid battery market is segmented as transportation, stationary industrial, motive industrial, stationary industrial, commercial, residential and grid storage. Transportation and stationary industrial collectively contributed to around 77.9% of market revenue in 2014. Transportation was the largest end-use application in the global lead acid battery market in 2014, and is anticipated to continue its dominance through 2020. Stationary industrial is the second largest contributor to the global lead acid battery market, and is expected to register the fastest CAGR of 8.6% during the forecast period.
The report finds that grid storage is one of the smallest end-use application segments in the global lead acid battery market, but is anticipated to register a robust CAGR of 7.3% during the forecast period.
Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-54
Lead acid batteries are predominantly used in passenger cars, commercial vehicles and two wheelers. In addition to that, demand for lead acid battery has also surged due to the increasing adoption of UPS, owing to urbanization and industrialization. Adoption of grid storage technology in developing countries such as India and China is expected to fuel the global lead acid battery market. In addition to that, an increase in the demand for electric vehicles is expected to further accelerate the expansion of the lead acid battery market globally.
Moreover, key challenges in the lead acid battery market are raw material price volatility, and emission standards. Lead is the essential raw material used in the manufacturing of lead acid batteries. Lead prices account for approximately 49% of the overall cost of the lead acid batteries. Any fluctuations in lead prices affect the overall profitability of lead acid battery manufacturers.
The U.S. Environmental Protection Agency (EPA) has published new lead emissions standards under the National Ambient Air Quality Standards (NAAQS) in November 2008. The new standards curb lead emissions by restricting off-site concentration standards for lead in air from 1.5 mg per cubic meter to 0.15 mg per cubic meter. These factors are inhibiting the growth of the lead acid battery market.
Region-wise, Asia Pacific is the largest contributor in the global market, and is expected to continue its dominance till 2020. Currently, the Asia Pacific lead acid battery market is valued at US$ 15,297 Mn and is expected to reach US$ 19,881 Mn. by 2020. North America and Western Europe are other major markets contributing 21.6% and 18.7% respectively, to the global lead acid battery revenue. Eastern Europe accounted for the lowest contribution in terms of revenue in 2014, but is expected to register the highest growth at a CAGR of 5.5% over the forecast period.
Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-54
The degree of competition in the global lead acid battery market has been analyzed in the report, which also presents the comparative view of the key strategies and financial outlook of major companies operating in global lead acid battery market. These include Johnson Controls INC, Exide Technologies, GS Yuasa Corporation and EnerSys.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lead Acid Battery Market to Witness Steady Growth at 7.3% CAGR During 2014 - 2020 here
News-ID: 1097173 • Views: …
More Releases from Future Market Insights
Marine Squalene Alternatives Market to Surge to USD 466.7 Million by 2035, Drive …
The Marine Squalene Alternatives Market is set for a decade of strong expansion, projected to grow from USD 186.6 million in 2025 to USD 466.7 million by 2035. The market's absolute growth of USD 280.1 million reflects a robust 9.5% CAGR, signaling a major shift toward ethical sourcing, sustainable ingredients, and advanced biotechnology-driven production models.
Explore trends before investing - request a sample report today! https://www.futuremarketinsights.com/reports/sample/rep-gb-26232
Early Momentum Strengthens as Clean-Label…
Pepper Market to Reach USD 7.1 Billion by 2035, Driven by Premiumization, Tracea …
The global pepper market is set for steady expansion, rising from USD 5.6 billion in 2025 to USD 7.1 billion by 2035, reflecting a 2.3% CAGR over the forecast period. This growth is supported by rising household consumption, advanced processing technologies, and increasing integration of pepper in processed foods, nutraceuticals, and ready-to-use spice formulations.
Pepper remains one of the most commercially significant spices worldwide, accounting for 6.8% of the global spice…
Global Fruit & Vegetable Juice Market to Hit USD 576.8 Billion by 2035 as Health …
The global fruit and vegetable juice market is set for strong growth, expanding from USD 313.1 billion in 2025 to USD 576.8 billion by 2035, reflecting a 6.3% CAGR driven by rising health awareness, clean-label demand, and premium juice innovation. Rolling CAGR trends indicate steady early-stage momentum, powered by wider retail availability, convenient packaging, and a shift from carbonated beverages to nutrient-rich natural juices.
Explore trends before investing - request a…
MCT Oil Market to Reach USD 2,005.8 Million by 2035, Driven by Diet Adoption, Fu …
The global MCT oil market is on track for strong expansion, rising from USD 973.2 million in 2025 to USD 2,005.8 million by 2035, reflecting a robust CAGR of 7.5%. This growth is underpinned by surging demand for fast-absorbing energy sources, expanding applications in dietary supplements, and rising adoption of diets across global consumer segments.
Crude coconut and palm kernel oils remain the foundational feedstocks for MCT oil manufacturing, contributing the…
More Releases for CAGR
[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064
According to the report published by Allied Market Research,…
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032.
This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks…
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic…
Waterproofing Membranes Market is Projected Grow at CAGR of 8% CAGR by 2033
The waterproofing membranes market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 8.0% over the forecast period. By 2023, the estimated market value for waterproofing membranes is substantial, reaching US$ 31.5 billion.
These waterproofing materials comprise thin, impermeable membranes designed to collaborate with asphalt, providing a protective shield for the structural integrity of buildings. The asphalt component in these membranes acts as a safeguard, preserving the underlying membrane…
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research
A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial…
Pediatric Radiology Market Size will Grow at CAGR 7.7% CAGR during 2017-2026
Pediatric Radiology Market:Overview
The pediatric radiology market is likely to register robust growth in the near future. Chronic illnesses among children including neurological disorders such as ADHD are on the rise. According to the US labor bureau, the demand for pediatrician is expected to grow by 24% on average by 2020. This is the highest average growth among all professionals in the United States.
Despite challenges such as training for new…
