Automotive Lead Acid Batteries Market Report 2018 - Company Assessment and Industry Analysis: Thai Bellco Battery Co.,Ltd., CSB Battery Co., Ltd., Robert Bosch GmbH, Trojan Battery Company, Samsung Sdi Company Limited, Leoch International Technology Ltd
Dominating Market Players Profiled in the Study: Johnson Controls Inc., Exide Technologies Inc., GS Yuasa Corporation, Middle East Battery Company, Reem Batteries & Power Appliances Co. Saoc, Enersys Inc., Saft Groupe S.A., Northstar Battery Company LLC., C&D Technologies, Inc., Robert Bosch GmbH, East Penn Manufacturing Company, Panasonic Corporation, Trojan Battery Company, Samsung Sdi Company Limited, Leoch International Technology Ltd, Exide Industries Ltd., Koyo Battery Co., Ltd., Tai Mao Battery Co., Ltd., PT Century Batteries Indonesia, Thai Bellco Battery Co.,Ltd., Thai Bellco Battery Co., Ltd., CSB Battery Co., Ltd. (Hitachi Chemical Energy Technology Co. Ltd.) and many more.
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Automotive Lead Acid Batteries Market Regional Analysis:
• North America
• South America
• Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Global Automotive Lead Acid Batteries Market accounted for USD 35.70 billion in 2016 and is projected to grow at a CAGR of 4.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
• On the basis of type, the market is segmented into flooded batteries, enhanced flooded batteries and VRLA batteries.
• On the basis of application, the market is segmented into electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles.
Lead acid batteries are the devices used for storage of electricity that be used during an emergency or wherever power supply connection is not available. Governments have started offering subsidies to manufacture low cost electric vehicles, which do not pollute the environment. Growing demand for automotive lead acid batteries in electric vehicles, hybrid vehicles, light motor vehicles, and heavy motor vehicles is expected to be a key driver of the market over the next seven years.
Market Drivers and Restraints:
• Growing demand for electric and hybrid electric vehicles
• Advancements in manufacturing processes of lead acid batteries
• Government subsidiaries and stringent regulations regarding pollution emission
• High lead content can harm the environment
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