Press release
Lead–Acid Battery Market Growth, Production, Suppliers, Region And Forecast to 2023
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the lead–acid battery market is classified into automobile, utilities, construction, telecommunication, marine, leisure, uninterrupted power supply (UPS), and others. The others category comprises military and mining applications. Automotive was the largest application area in the market, contributing more than 65.0% share in terms of volume in 2017. This is ascribed to significant battery life; low cost; and high performance, a trait characteristic of lead-acid battery.
Globally, the lead–acid battery market is expected to witness the fastest growth in APAC, in terms of volume, with 4.2% CAGR during the forecast period. This growth can be majorly attributed to growing demand of lead–acid batteries for applications in automotive sector and telecommunication networks. Furthermore, in addition to the aforementioned factor, increasing use of UPS in industrial sectors such as oil and gas, manufacturing, chemical, and healthcare are likely to open up new growth opportunities for the lead–acid battery market in the region.
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Some of the major players operating in the global lead–acid battery market include Johnson Controls International plc, GS Yuasa Corporation, Exide Technologies, EnergySys Limited, Fujian Quanzhou Dahua Battery Co. Ltd., B.B. Battery Co. Ltd., Yokohama Industries Berhad, Hitachi Chemical Energy Technology Co. Ltd., C&D Technologies Inc., ATLASBX Co. Ltd., AC Delco Corporation, First National Battery Corporation, and Amara Raja Corporation.
GLOBAL LEAD–ACID BATTERY MARKET SEGMENTATION
Market Segmentation by Construction
Flooded
Valve-Regulated Lead–Acid (VRLA)
Market Segmentation by Type
Standby
Motive
SLI
Market Segmentation by Application
Automotive
Non-electric vehicles
Electric vehicles (EVs)
Transport vehicles
Forklifts
Utilities
Oil and Gas
Construction
Telecommunication
Marine
UPS
Leisure
Others (Military and Mining)
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