Press release
Lead-Acid Battery Market Growth, Opportunity, Size, Share and Forecast 2019-2025
The lead-acid battery is the rechargeable battery, the lead alloy is used as electrodes in the dilute sulphuric acid electrolyte. Despite having low energy to volume ratio, its ability to supply high surge currents means that the cells have a relatively large power to weight ratio. This type of batteries is cost effective; this makes them attractive for use in motor vehicles to provide the high current required by automobile starter motors. The lead acid battery is cost effective as compared to newer technologies and are extensively used even when surge current is not important.Request a Free Sample of our Report on Lead-Acid Battery Market: https://www.omrglobal.com/request-sample/lead-acid-battery-market
The Global lead-acid battery market is expected to grow at a CAGR of 4.9 % during 2018-2023. The major factor that augments the global lead-acid battery market is increasing demand of lead acid battery in the automobile sector, rising usage in power sector, low cost of the lead acid battery, maintenance free attribute of sealed lead acid battery drives telecom installation. On the other hand, environmental concern related to lead-acid battery, risk of explosion related to lead-acid battery and high weight of such kind of battery expected to hinder the growth of the global lead-acid battery market during the forecasted year. Though, rising usage of lead-acid battery in solar street lights, increasing application of lead-acid battery in UPS and energy demand management and increment in energy storage systems projects act as opportunity and may augment the growth of the global lead-acid battery market in the forecasted year.
Global lead-acid battery market is regionally divided into North America, Europe, Asia Pacific and Rest of the World. APAC region is having a major market share and is growing with a significant pace, increasing need for energy storage systems. Rising demand for renewable energy along with favorable support from the government for the development of solar and wind energy is anticipated to drive the usage of energy storage systems. European market is expected to grow during the forecasted period owing to widespread production of automobiles in countries including Germany, Italy, Sweden and UK along with the presence of major automotive manufacturers, such as Jaguar, Volkswagen, Volvo, Audi, BMW, Mercedes-Benz, and Fiat, in the region is anticipated to aid in industry expansion.
A Full Report of Lead-Acid Battery Market is Available at https://www.omrglobal.com/industry-reports/lead-acid-battery-market
Lead Acid Battery Market Segmentation
By Types
o Flooded Lead Acid Batteries
o Sealed Lead Acid Batteries
o AGM Lead Acid Batteries
o Gel Sealed Lead Acid Batteries
o Deep Cycle Lead Acid Batteries
By Components
o Plates
o Separators
o Electrolyte
o Container
By End-Users
o Automotive
o Industrial
o Healthcare
o Energy Sector
o Consumer
Company Profiles
o Acdelco
o Amaron
o Aqua Metals
o Atlasbx
o Banner Batteries
o B.B. Battery
o C&D Technologies
o Chaowei Power
o CSB Battery
o East Penn Manufacturing
o EnerSys
o Exide Technologies
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/lead-acid-battery-market
For More Information, Visit https://www.omrglobal.com/
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Contact Person: Mr. Anurag Tiwari
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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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