Press release
Lead-Acid Battery Market will be worth US$94,821.6 mn by the end of 2022
Request Report TOC @ https://www.persistencemarketresearch.com/methodology/12934
Collaboration with End-use Industry Players a Swift Mode for Greater Shares
Going forward, focus of the major player in the global lead-acid battery market is expected to be on collaboration with the players of end-use industries in order to maintain consistent demand. The automotive industry players are among the most preferred ones. In addition to that, research and development of efficient batteries is expected to formulate a way to greater shares for the companies. Moreover, key players in this market are also laying emphasis on expanding their existing facilities in the Asia Pacific region in order to benefit from the opportunities created by the developing economies of China and India.
Global Lead Acid Battery Market to Reach US$ 94.0 Bn Worth by 2027
If the projections of the PMR report are to be believed, the demand in the global lead acid battery market will increment at a CAGR of 4.4% during the forecast period of 2017 to 2027. In terms of revenue, the analyst has forecasted the opportunities in this market to swell up to US$94,821.6 mn by the end of 2027, with an evaluated worth of US$61,482.2 mn in 2017.
Based on product type, the report segments the lead acid battery market into gel battery, AGM battery, and flooded battery. Application-wise, the market has been bifurcated into motive industrial, transportation, grid storage, residential grid storage, commercial, and stationary industrial. Geographically, Asia Pacific has been underlined as the region with maximum potential.
Request for sample report: https://www.persistencemarketresearch.com/samples/12934
Recycling of Old Batteries Opening New Opportunities
Diverse applications of lead acid battery is the primary driver of the sustained demand for it. In the transportation industry, lead acid batteries are used in passenger cars, light commercial vehicles, two wheelers including electric vehicles, and construction and agricultural equipment. Motive industrial usage of lead acid battery includes industrial forklifts and AGV. Stationary industrial usage of these batteries include UPS systems. Residential and commercial sector also uses them for inverters installed at household and as power backup in office and shopping malls. In addition to that, incrementing deployment of microgrids is another prominent driver of the global lead acid battery market. Microgrids are capable of operating solely and are apt at providing power backup to military bases, communities, and educational organizations. On the back of growing emphasis on renewables, microgrids fit perfectly as they can function with power generated from biomass, wind, geothermal, solar, and fossil fuel.
The analysts of the report have also highlighted the strengthened legislative support pertaining to battery recycling as a trend that will redefine the demand over the course of the forecast period. Growing inclination towards ecofriendly business model is expected to stoke this trend.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.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 will be worth US$94,821.6 mn by the end of 2022 here
News-ID: 1496912 • Views: …
More Releases from Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market
The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market
The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market
The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market
The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
