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Lead-Acid Battery Market Report 2019-2023: Emerging Trends, Key Players, Types, Application, Trends And Growth Factors
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Lead-acid Battery Market Valued at $56.9 billion in 2017 according to a P&S Intelligence study, the global lead-acid battery market is projected to reach $70.7 billion by 2023, registering a revenue CAGR of 3.7% during the forecast period (2018-2023). Growing use of uninterrupted power supply (UPS) systems in industrial setups, increasing demand for electric vehicles, and rapid industrialization in developing countries are some key factors aiding the growth of the domain.
Lead-acid batteries are quite cost-effective and easily rechargeable power devices, hence, play an important role in backup power generation in developing nations, such as India, Mexico, Indonesia, South Korea, Thailand, and Vietnam. Moreover, healthcare, chemicals, manufacturing, and oil and gas industries need an uninterrupted electricity supply to attain proper functioning of plants and machinery. The growing use of UPS in these sectors, coupled with regulatory support and private investments, is predicted to drive the lead-acid battery market during the forecast period.
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Competitive Landscape of Lead-Acid Battery Market
The lead-acid battery market is consolidated in nature, characterized by the presence of established companies, such as Johnson Controls International plc, GS Yuasa Corporation, Exide Technologies, and EnergySys Limited.
Some other important players operating in the market are Fujian Quanzhou Dahua Battery Co. Ltd., B.B. Battery Co. Ltd., Yokohama Industries Berhad, Hitachi Chemical Energy Technology Co. Ltd., C&D Technologies Inc., and Amara Raja Corporation.
Market Size Breakdown by Segment
The Lead-Acid Battery Market report offers comprehensive market segmentation analysis along with market estimation for the period 2013-2023.
Based on Construction
Flooded
Valve-Regulated Lead-acid (VRLA)
Based on Type
Standby
Motive
Starting, Lighting, and Ignition (SLI)
Based on Application
Automotive
Non-electric vehicles
Electric vehicles (EVs)
Transport vehicles
Forklifts
Utilities
Oil and Gas
Construction
Telecommunication
Marine
Uninterrupted Power Supply (UPS)
Leisure
Geographical Analysis
North America
U.S.
Canada
Europe
Germany
U.K.
France
Netherlands
Norway
Sweden
Asia-Pacific (APAC)
China
Japan
India
South Korea
Australia
Latin America (LATAM)
Brazil
Mexico
Middle East and Africa (MEA)
South Africa
Saudi Arabia
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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