openPR Logo
Press release

Global Lead Acid Batteries Market | Lead Acid Batteries Industry | Covid-19 Impact Global Lead Acid Batteries Market: Ken Research

03-11-2021 05:56 PM CET | Energy & Environment

Press release from: Ken Research Pvt Ltd

Global Lead Acid Batteries Market | Lead Acid Batteries Industry

Lead acid battery is an energy storage system, deployed primarily as a power source across multiple applications. It is a rechargeable battery that comprises of sulfuric acid solution electrolyte, lead-dioxide cathode, and sponge metallic lead anode. Some of the key characteristics of lead acid batteries include low discharge rate, giant electrolyte reserves and resistance to corrosion, are responsible for global market growth.

Lead acid batteries find wide-ranging usage in the automotive applications including golf carts, forklifts, and industrial cleaners. High usage of lead acid battery in forklifts due to reliability, low cost, and well-established supply chain of the product, is expected to positively influence the market. Lead acid battery is generally used in automobile because it delivers high power to start the engine. The superior quality, safety, and recycling process of these batteries are projected to augment the market growth over the forecast period.

As per study, “Lead Acid Batteries Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global lead acid batteries market include GS Yuasa; Clarios; Panasonic; EnerSys; Exide Industries; Chaowei Power; Narada Power; NorthStar; Hitachi Chemical; Exide Technologies; HBL Power Systems; Crown Battery; Teledyne Technologies; HOPPECKE; C&D Technologies; East Penn; Hankook AltasBX; Rolls Battery; Camel Power; Okaya Power; Leoch International Technology; Amara Raja Power System; XUPAI Battery; Harbin Coslight Power; Enersys; Johnson controls; First National Battery; Exide technologies; Yokohama Industries.
By type, lead acid batteries market is segmented as motive and stationary. Stationary segment includes UPS, telecommunication, control & switchgear and others. In addition, by end-user, market is segmented as industrial, transportation, commercial, and residential.

The lead acid batteries market is driven by rise in demand for uninterrupted power supply, followed by rapid technological advancement & expansion in the telecommunication sector, growth in datacenter infrastructure and growth in automotive industries. However, stringent government regulations and increase in penetration of alternative lithium ion technologies may impact the market. Moreover increase in use of sealed lead–acid (SLA) batteries in data centers and growth of off-grid renewable energy generations are key opportunities for market.

By geography, the Asia-Pacific is a leading region in global lead acid batteries market owing to strong demand for passenger vehicles coupled with increase in awareness & adoption of electric vehicles in the region. Apart from this, the growth of this region is primarily driven by the emerging countries like India and China which are focusing on reducing their carbon foot print. Furthermore, these countries generally prefer cost-effective battery storage, thus lead acid batteries are preferred. The European and North-American regions are likely to exhibit considerable growth rate because of rise in need for alternative energy source over the forecast period. In addition, alteration of public transportation utilities into the higher recycling rates & electric sources in European region is expected to stimulate the regional demand for lead-acid batteries. It is expected that global lead acid batteries market will be reached at US $25.07 billion, by 2023, at a CAGR of 5.09%.

For More Information, Click on the Link Below:-
https://www.kenresearch.com/energy-and-utilities/power/lead-acid-batteries/342082-103.html

Related Reports:-
https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/lead-acid-battery/204105-101.html

https://www.kenresearch.com/energy-and-utilities/power/lead-acid-battery/168455-103.html

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a research based management consulting company. We provide strategic consultancy to aid clients on critical business perspective: strategy, marketing, organization, operations, technology, transformation, digital, advanced analytics, corporate finance, mergers & acquisitions and sustainability across all industries and geographies. We provide business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies. Serving 70% of fortune 1000 companies globally, some of top consulting companies and Market leaders seek our intelligence to identify new revenue streams, customer/ vendor paradigm and pain points and due diligence on competition.

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 Global Lead Acid Batteries Market | Lead Acid Batteries Industry | Covid-19 Impact Global Lead Acid Batteries Market: Ken Research here

News-ID: 2255344 • Views:

More Releases from Ken Research Pvt Ltd

Increase in cybercrime results in India Digital Forensic Market to rise, with an expected CAGR of ~16% by 2028
Increase in cybercrime results in India Digital Forensic Market to rise, with an …
With the rise in digital threats and cybercrimes, India Digital Forensic Market makes successive changes like integration of Artificial Intelligence, and marking its overall growth. STORY OUTLINE Using techniques like Data Recovery, Log Analysis and more, India Digital Forensic Market enhances its Computer Forensics. Upgrades towards Network and Mobile Forensics are improving in cyber threats prevention, marking its increase in efficiency and security. With the incorporation of Cloud Based services, advanced methods and easy
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken Research
Global Health Insurance market is expected to grow at a CAGR of ~6% by 2028: Ken …
Due to recent pandemic of Covid 19 health insurance market has grabbed growth ensuring economic help to comman man for better health care facilities with easy money handling and increasing awareness especially after COVID 19. STORY OUTLINE Launch of new policies, mergers, acquisitions and partnerships to propel growth in future Covid 19 has a huge impact on the health insurance market on Global level. Factors, which are responsible for the growth, are the higher
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Exploring the Investment Landscape in the UK Agricultural Equipment Market
Anticipated to achieve a CAGR of approximately 3.5% (2022-2027), the UK's agricultural equipment market expanded between 2014 and 2018, yet faced a significant downturn in 2019-2020 due to COVID-19. STORY OUTLINE The investment landscape in the UK agricultural equipment market is diverse, offering a spectrum of opportunities from established manufacturers to startups driving disruptive change. Investors can benefit from the technological prowess of leading manufacturers like John Deere, CNH Industrial, and AGCO Corporation
Unveiling the Thriving Landscape of UAE's IT Service Market
Unveiling the Thriving Landscape of UAE's IT Service Market
The IT services sector encompasses a diverse range of offerings, including but not limited to Cloud services, Cloud Applications, Datacenters, Artificial Intelligence (AI), Consulting Services, Connectivity Solutions, Security services, and other related services. STORY OUTLINE Digital Transformation Drive: UAE's IT market thrives on visionary government initiatives like "Smart Dubai" and "UAE Vision 2021," spurring sectoral evolution. Cloud's Ascendancy: Rapid cloud adoption, coupled with AI, IoT, and blockchain, reshapes industries for scalability and innovation. Security

All 5 Releases


More Releases for Lead

Lead Fluorides as Currency: Exploring the Global Lead Fluoride Market
Los Angeles, United States - In this comprehensive research study, we delve into the intricate details of the global Lead Fluoride market, providing a thorough analysis of its critical aspects. The report illuminates the anticipated growth of the global Lead Fluoride market during the forecast period, supported by SWOT analysis and Porter's Five Forces analysis. This illumination includes an in-depth exploration of the market's strengths, weaknesses, and the various players
Digital Services for Lead Generation | Local Lead Generation Websites | Lead Gen …
Lead Generation consists of attracting and renovating target audiences that have shown interest in your product or services. The objective is to guide prospects through the purchaser’s journey to the end of the sales funnel. Content is one of the leading tools B2B marketers utilize to create leads. This may comprise of social media posts, blog posts, coupons and live events. You utilize the forms to capture leads that employ
Digital Services for Lead Generation, Local Lead Generation Websites
Businesses these days are reliant on lead generation to advertise their service before the consumers to get more business and endure in bullish market. The Lead generation service is an unceasing effort to attract and change the target audience’s mind towards the business offering. It is an act of completely compelling the consumer to purchase the business services. It will boost brand image and outcome in good sales for the
Digital Services for Lead Generation, Lead Generation Platforms: Ken Research
The Lead generation is the practice of gaining fresh leads for your business. It is cultivating the interest of a person in your product or service so much that they distribute you with their contact specifics. It is the start of the technique which leads to a prospective customer turning into a purchaser. And then perchance buying from your business. Your business should then be nurturing such leads that you
Global Lead Acid Batteries Market | Global Lead Acid Batteries Industry | Lead A …
Lead acid battery refers to the oldest type of rechargeable battery with its use spanning across various industries. It has the advantage of supplying the high surge current, as the cells have great power to weight ratio. High power to weight ratio & low cost makes these batteries attractive for its use in the automotive sector. These batteries comprises of plates, cell, container, separators, and battery terminals. It is extensively
Local Lead Generation Websites | Best Companies for Online Lead Generation | Lea …
The Lead Generation is a foremost marketing procedure that comprise finding people who would be interested in purchasing your product and/or services. It comprises collecting contact details of the interested impending buyers/consumers in exchange for something that is of worth to them - for e.g educational, collateral, research content or a free trial of a product. This is a foremost activity to build a sales pipeline. The Lead Generation is