openPR Logo
Press release

Inclination Towards Electric Vehicles Driving Revenue Growth of the Lead-Acid Battery Market

05-22-2019 07:05 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Inclination Towards Electric Vehicles Driving Revenue Growth

Future Market Insights delivers key insights on the global lead-acid battery market in a new report titled “Lead-Acid Battery Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017–2027).”The long-term outlook on the global lead-acid battery market remains positive with the market value expected to increase at a CAGR of 4.4% during the forecast period (2017-2027). Among product types, the AGM segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global sales of lead-acid battery is estimated to be valued at US$ 61,482.2 Mn by the end of 2017. In terms of volume, APEJ is expected to account for a market share of 39.0% in the global lead-acid battery market by 2017 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact the market during this period.

In the latest report by FMI on the global lead-acid battery market, the forecast has been revised till 2027. Previously the market in 2016 was estimated to be 464,208 thousand units and in the current release the estimated numbers have been revised to 594,125 thousand units for 2016 with a 10 year CAGR (2017-2027) at 3.7%. Owing to macro-economic growth factors (GDP, inflation, employment, spending) growth and update of scope (including two wheeler, marine, aerospace and others) in the target market the market size has been revised for the entire forecast period.

For Requesting a Sample Copy of This Report, Please Visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-54

Factors such as growing automotive production (especially electric vehicles) as well as stationary industrial applications are driving the demand for lead-acid batteries. As compared to other recent technologies such as Ni-MH and Li-ion, lead-acid battery is relatively cheaper. Moreover, lead-acid batteries are capable of being recycled completely and are likely to find more takers owing to their reduced cost of production, which makes these batteries affordable. Therefore, the demand for lead-acid battery is expected to rise exponentially in the global market over the forecast period. Some of the trending opportunities in the lead-acid battery market are inclination towards electric vehicles and collaborations and partnerships between international and regional players. Battery manufacturers are focussing on reducing pollution through research and development initiatives for sustainable technologies and are expected to benefit from the significant global demand for lead-acid batteries.

Segmentation Analysis

The lead-acid battery market is segmented on the basis of product type and application.

On the basis of product type, the flooded type lead-acid battery segment is anticipated to continue to dominate the market in terms of value over the forecast period.
On the basis of application, the stationary industrial segment is estimated to grow at a higher rate as compared to the transportation segment over the forecast period. It is expected to represent a total incremental opportunity of US$ 12,780.9 Mn between 2017 and 2027.

Regional Market Projections

APEJ is expected to be the leading region with a 39.0% market share in terms of volume in the global lead-acid battery market by the end of 2017. China is expected to hold a dominant revenue share in the APEJ lead-acid battery market through 2027. The North America market is projected to hold a significant market share in terms of value in the global lead-acid battery market over the forecast period, exhibiting a CAGR of 4.2% during the said period.

Request to Browse Report Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-5125

Vendor Insights

The report highlights some of the top companies operating in the global lead-acid battery market such as Crown Battery Corporation, Furukawa Electric Co. Ltd., Narada Power Source Co. Ltd., NorthStar Battery Company LLC, Johnson Control International Plc, Leoch International Plc., Yokohama Batteries Sbn. Bhd., EnerSys, Exide Industries Ltd., GS Yuasa Corporation, Hoppecke Batterein GmbH & Co. KG., C&D Technologies, Inc., Coslight Technologies International Group Co. Ltd., East Penn Manufacturing Co. Top market players are focussing on mergers and acquisitions of small and established players to strengthen their presence in the global lead-acid battery market.

ABOUT US:
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

U.S. Office
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
Web: https://www.futuremarketinsights.com
Blog: http://www.keepfacts.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 Inclination Towards Electric Vehicles Driving Revenue Growth of the Lead-Acid Battery Market here

News-ID: 1749754 • Views: 179

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for Battery

Global Aircraft Battery Market
Global Aircraft Battery Market – Industry Analysis and Forecast (2018-2026) – by Type, Application, Aircraft Type, and Region. Global Aircraft Battery Market was valued at US$ 478.21Mn in 2017 and is expected to reach US$ 900.32Mn by 2026, at a CAGR of 8.23% during a forecast period. A battery is a device containing one or more cells that convert chemical energy directly into electrical energy. Major driving factors of the Aircraft Battery
Global Battery Electrolyte Market
Global Battery Electrolyte Market: Industry Analysis and Forecast (2018-2026) –By Electrolyte Type, Battery Type, End-Users and Region. Global battery electrolyte market size was valued at US$ 3.7 Bn in 2017 and is expected to reach US$ 7.0 Bn by 2026 to exhibit a CAGR of 8.3 % during a forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data,
Battery Testing Equipment Market
2019-2025 Battery Testing Equipment Market Report with Depth Analysis Technological advancements such as lead-acid batteries with increased life cycle and better efficiency have increased the demand for rechargeable batteries. More than ever before, these rechargeable batteries have increased the demand for portable products such as powered tools, et cetera. Request For Free report Sample -https://www.reportsmonitor.com/request_sample/292961 Scope of the Report: Furthermore, Battery Testing Equipment Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks
Lithium Polymer Battery Market
Lithium polymer (LiPo) battery or more accurately known as lithium ion polymer battery is a rechargeable battery found in a pouch format. LiPo battery uses polymer electrolyte instead of commonly used liquid electrolyte. This battery primarily works on the principle of de-intercalation and intercalation of lithium ions from positive electrode materials to negative electrode materials. For the purpose of providing detailed analysis, global lithium polymer battery market can be segmented
Solid State Battery Market -
Solid state batteries are the batteries which are particularly lightweight and long-lasting, owing to their being designed with electrode and electrolyte materials. The bulky, flammable, liquid-core rechargeable lithium-ion (Li-Ion) batteries of today will be made obsolete by solid-state batteries. Solid Batteries are becoming increasingly relevant with the adoption of electric vehicles (EVs) and the unending growth in usage of portable electronic devices. The key reasons driving the growth of the All-Solid-State
Global Lead Acid UPS Battery Market 2017 : Sebang Global Battery, CSB Battery, H …
Global Lead Acid UPS Battery Market 2016-2017 A market study based on the " Lead Acid UPS Battery Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Lead Acid UPS Battery Market 2017’. The research report analyses the historical as well as present performance of the worldwide Lead Acid UPS Battery industry, and makes predictions on the future status of Lead Acid UPS Battery