Press release
Lead Acid Battery Market Continue to Grow at a CAGR of 7.04% till 2026
According to TechSci Research report, “Global Lead Acid Battery Market By Product (Stationary, Motive and Start Light & Ignition (SLI)), By Construction Method (Flooded, Valve Regulated Lead Acid (VRLA)), By Sales Channel (Original Equipment Market (OEM), After Market), By Application (Transportation, Industrial Motive, Stationary industrial, Residential, Commercial & Grid Storage), By Region, Competition Forecast & Opportunities, 2016 - 2026’’, the global lead acid battery market is projected to be around USD76.85 billion by 2026, on account of growing demand for uninterrupted power supply. Growing environmental concern, use of renewable sources of energy, and demand for portable power storage, in turn will boom the lead acid battery applicability in future. Moreover, improved after sales service are expected to positively influence the Global Lead Acid Battery Market in the coming years.
Global Lead Acid Battery Market can be segmented based on product, construction method, sales-channel, application, region. In terms of product, the market can be bifurcated into stationary, motive and start light & ignition (SLI). SLI dominated the market in 2020 and is expected to maintain its market dominance during the forecast period, backed by the wide usage in automobiles.
In terms of construction method, the market is segmented into flooded & valve regulated lead acid battery (VRLA). VRLA is the most widely used battery due to high utility in uninterruptible power supplies (UPS) as it has light weight, lesser installation & operating cost, smaller footprint & is environment friendly. Based on sales channel, it is segmented into Original Equipment Market (OEM) and aftermarket out of which aftermarket occupies the major portion because of high demand in after sales service and maintenance. Market players are increasingly focusing on long-term maintenance and after sales repair contracts.
According to applications it is divided into transportation, industrial motive, stationary industrial, residential, commercial and grid storage, out of which commercial occupies a major portion due to high battery utility in the sector. Due to COVID-19 pandemic, there is a dip in the Global Lead Acid Battery Market, and because of longer lockdown periods, as the batteries were in idle mode, so their functionality & performance were affected, also the major players and suppliers were from mainland China, so the imports were completely stopped due to China being the center of pandemic.
Browse 123 Figures spread through 110 Pages and an in-depth TOC on "Global Lead Acid Battery Market "
https://www.techsciresearch.com/report/global-lead-acid-battery-market/3682.html
In the global lead acid battery market, Asia-Pacific is the largest contributor with 43.71% value share in 2020. China is the largest contributing country in the region with 43.25% share in 2020, followed by India, Japan & South Korea. Growing transportation as well as portable energy storage demand in China are contributing to the country’s leading market position. In India, the UPS and inverter battery as an alternative source of continuous power back up, are expected to strengthen the demand for Lead Acid Battery in the country over the next six years. After Asia-Pacific, Europe & North America holds the market share for Lead Acid Battery Market.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3682
Customers can also request for 10% free customization on this report.
Leoch International Technology Ltd, Panasonic Corporation, East Penn Manufacturing Co., GS Yuasa Corporation, Enersys Ltd., Exide Technologies Inc, Luminous Power Technologies Pvt. Ltd., FIAMM Energy Technology S.p.A., Trojan Battery Corporation and CSB Energy Technology Co., Ltd. are among the leading players operating in Global Lead Acid Battery Market. Companies operating in the market are using environment friendly strategies such as product development using green technologies, partnerships, mergers, and collaborations to boost their share in global lead acid battery market.
“Increasing growth of transportation and automobiles, in turn has created a huge market for SLI lead acid batteries. With the growing need for an alternate source of continuous power back up and digitalization of the world, there comes an increased demand for uninterruptible power supply (UPS). Moreover, the growing renewable energy sector across the globe is expected to drive the global lead acid battery market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Lead Acid Battery Market By Product, By Construction Method, By Sales Channel, By Application, By Region, Competition Forecast & Opportunities, 2016 - 2026” has evaluated the future growth potential of global lead acid battery market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges, and opportunities in the global lead acid battery market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.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 Lead Acid Battery Market Continue to Grow at a CAGR of 7.04% till 2026 here
News-ID: 2260942 • Views: …
More Releases from TechSci Research
India Dental Consumables Market: Analyzing the Key Segments and an 8.22% CAGR
The Foundation: Market Overview & Key Figures
Imagine a world where the simple act of a smile is a luxury, where toothaches are an accepted part of life. For many people in India, this has been the reality. But things are changing, and they're changing fast. The numbers tell a compelling story. According to a TechSci Research report, the India Dental Consumables Market was valued at a robust USD 234.65 million…
2030 Saudi Facility Management Market Outlook: Smart Cities Boost Demand
Market Outlook
The Saudi Arabia Facility Management Market was valued at USD 27.28 Billion in 2024 and is anticipated to reach USD 43.80 Billion by 2030, registering a strong CAGR of 8.05% during the forecast period. The market is driven by the country's growing investment in infrastructure, real estate development, and Vision 2030 initiatives aimed at diversifying the economy and enhancing public-private partnerships. The expansion of commercial and residential spaces, coupled…
Small Arms and Light Weapons Market to Grow at 6.59% CAGR Through 2029 - TechSci …
"Military modernization initiatives worldwide drive demand for advanced and modular SALW, emphasizing technological innovation are the factors driving Small Arms and Light Weapons market in the forecast period 2025-2029."
According to TechSci Research report, "Small Arms and Light Weapons Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029", The Global Small Arms and Light Weapons Market stood at USD 13.75 Billion in 2023 and is anticipated to grow…
Anticipating Growth: Luxury Sunglasses Market to Reach US$ 14.86 Billion with a …
TechSci Research's report on the "Global Luxury Sunglasses Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029" reveals that the market reached USD 14.86 billion in 2023, projecting a 4.2% CAGR from 2025 to 2029. This market segment thrives within the broader eyewear industry, offering high-end, premium sunglasses to discerning consumers seeking exclusivity and sophistication. Driven by evolving fashion trends, increasing disposable incomes, and growing brand consciousness, the…
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…
